UGL ETF Options Chain and Prices
See Unusual Options Activity for UGL 🔥
In the Money
UGL Option Calls
11/20/26 (m)UGL Option Puts
UGL Option Calls 11/20/26 (m)
| Strike | Last Price | % Change | Volume | OI | Last Trade |
|---|---|---|---|---|---|
| 35.0 | $8.50 | +15.96% | 2 | 11 | 10/27, 07:17 PM |
| 39.0 | $4.80 | -35.66% | 1 | 1 | 10/27, 07:17 PM |
| 40.0 | $4.05 | +17.39% | 8 | 38 | 10/27, 07:44 PM |
| 41.0 | $2.57 | -40.51% | 9 | 23 | 10/23, 05:50 PM |
| 42.0 | $2.60 | +22.64% | 3 | 45 | 10/27, 04:57 PM |
| 43.0 | $1.80 | +12.50% | 2 | 12 | 10/27, 02:21 PM |
| 44.0 | $1.50 | +21.95% | 48 | 299 | 10/27, 07:51 PM |
| 45.0 | $1.12 | +21.74% | 37 | 114 | 10/27, 07:32 PM |
| 46.0 | $0.67 | -11.84% | 9 | 98 | 10/26, 06:30 PM |
| 47.0 | $0.53 | +6.00% | 6 | 34 | 10/27, 02:05 PM |
| 48.0 | $0.43 | +13.16% | 26 | 120 | 10/27, 07:55 PM |
| 49.0 | $0.28 | -56.92% | 2 | 98 | 10/27, 01:30 PM |
| 50.0 | $0.25 | +4.17% | 39 | 407 | 10/27, 06:55 PM |
| 51.0 | $0.20 | -50.00% | 1 | 35 | 10/27, 03:36 PM |
| 52.0 | $0.23 | -28.13% | 2 | 102 | 10/22, 07:42 PM |
| 53.0 | $0.15 | -25.00% | 1 | 16 | 10/23, 05:54 PM |
UGL Option Puts 11/20/26 (m)
| Strike | Last Price | % Change | Volume | OI | Last Trade |
|---|---|---|---|---|---|
| 35.0 | $0.20 | -31.03% | 3 | 78 | 10/26, 02:34 PM |
| 39.0 | $0.53 | -20.90% | 1 | 155 | 10/27, 02:28 PM |
| 40.0 | $0.62 | -27.06% | 8 | 170 | 10/27, 07:47 PM |
| 41.0 | $1.35 | -13.46% | 4 | 100 | 10/26, 07:59 PM |
| 42.0 | $1.25 | -34.21% | 11 | 179 | 10/27, 07:46 PM |
| 43.0 | $1.75 | -2.78% | 1 | 145 | 10/27, 02:54 PM |
| 44.0 | $2.23 | -14.23% | 6 | 152 | 10/27, 06:18 PM |
| 45.0 | $2.70 | -20.59% | 21 | 230 | 10/27, 07:48 PM |
| 46.0 | $3.79 | +74.65% | 1 | 20 | 10/27, 03:13 PM |
| 47.0 | $4.55 | -7.52% | 1 | 19 | 10/27, 03:15 PM |
| 48.0 | $3.80 | +4.68% | 2 | 51 | 10/19, 02:51 PM |
| 49.0 | $4.50 | -0.44% | 1 | 12 | 10/20, 02:26 PM |
| 50.0 | $7.55 | -5.51% | 1 | 33 | 10/27, 01:33 PM |
| 51.0 | $5.67 | 0.00% | 1 | 0 | 10/09, 01:30 PM |
| 52.0 | $10.10 | +45.95% | 1 | 5 | 10/23, 02:19 PM |
| 53.0 | $8.30 | +6.14% | 1 | 4 | 10/21, 01:38 PM |
UGL Options Summary
Expiring Nov 20, 2026 · As of Oct 27, 2026, 3:55 PM ET
- Put/Call Ratio (Volume)
- 0.31
- Put/Call Ratio (Open Interest)
- 0.79
- ATM Implied Volatility
- 40.1%
- Expected Move by Nov 20, 2026
- ±$3.55 (±8.20%)
- Max Pain
- $44.00
Top 5 Strikes by Open Interest
| Strike | Call OI | Put OI | Total OI |
|---|---|---|---|
| $44.00 | 299 | 152 | 451 |
| $50.00 | 407 | 33 | 440 |
| $45.00 | 114 | 230 | 344 |
| $42.00 | 45 | 179 | 224 |
| $40.00 | 38 | 170 | 208 |
FAQ
What is the put/call ratio for UGL options?
UGL options expiring Nov 20, 2026 show a put/call volume ratio of 0.31 (70 puts vs. 226 calls traded) and a put/call open interest ratio of 0.79 (1,370 puts vs. 1,728 calls open) as of Oct 27, 2026, 3:55 PM ET. A ratio above 1 means more puts than calls, which often reflects hedging or a bearish tilt.
What is the implied volatility of UGL options?
The at-the-money implied volatility of UGL options expiring Nov 20, 2026 is 40.1%, derived from the prices of the $43.00 strike call and put as of Oct 27, 2026, 3:55 PM ET.
What is the expected move for UGL by Nov 20, 2026?
The options market prices an expected move of ±$3.55 (±8.20%) for UGL by the Nov 20, 2026 expiration. This is the price of the at-the-money straddle at the $43.00 strike.
What is the max pain price for UGL options?
The max pain strike for UGL options expiring Nov 20, 2026 is $44.00. At that price, the open UGL calls and puts would pay their holders the least at expiration.
Which UGL option strikes have the most open interest?
For the Nov 20, 2026 expiration, the UGL strikes with the most open interest are $44.00 (451 contracts), $50.00 (440 contracts), $45.00 (344 contracts), $42.00 (224 contracts), $40.00 (208 contracts).
Options chain for ProShares Ultra Gold (UGL).