United States Gasoline Fund, LP (UGA) Options Statistics & Positioning

United States Gasoline Fund, LP (UGA) options trade at a 30-day at-the-money implied volatility of 43.2%, an IV rank of 21 out of 100 over the past year. The options market prices a ±$13.92 (±11.3%) move in UGA for the front expiration. Max pain sits at $113 and the put/call open interest ratio is 0.32. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$123.12

52-week range

$60.66 – $126.21

ATM IV (30d)

43.2%

IV rank

21 / 100

Low

Expected move

±$13.92 (±11.3%)

Put/call OI

0.32

Call-heavy

Max pain

$113

↓ 8.2% below close

Next earnings

Nov 8, 2026

Most Active UGA Contracts

Contract	Expiration	DTE	Last	IV	Volume
UGA $115 put	Sep 18, 2026	25d	$1.40	0.0%	65
UGA $100 put	Sep 18, 2026	25d	$0.10	500.0%	65
UGA $130 call	Jan 15, 2027	144d	$8.38	0.0%	22
UGA $185 call	Sep 18, 2026	25d	$0.10	—	18
UGA $175 call	Sep 18, 2026	25d	$0.19	—	17

See all active UGA contracts →

Explore UGA Options Statistics

UGA Implied Volatility

43.2% ATM IV (30d)

An IV rank of 21 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

UGA Open Interest

0.32 put/call OI ratio

1,937 calls and 624 puts outstanding across all expirations.

Full open interest analysis →

UGA Max Pain

$113 max pain

8.2% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

UGA Gamma Exposure

$30.76M net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

UGA Options Volume

307 contracts traded

Put/call volume ratio 0.97 — plus contracts running far above their usual volume.

Full volume & flow analysis →

UGA Most Active Options

$115 top volume strike

The 25 most actively traded UGA contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

UGA's next expected earnings date is Nov 8, 2026. Options currently price a ±$13.92 (±11.3%) move for the front expiration.

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UGA Options FAQ

When is UGA's next earnings date?

UGA's next expected earnings date is Nov 8, 2026. Options currently price a ±$13.92 (±11.3%) move for the front expiration.

How often is UGA options data on this page updated?

All UGA statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see UGA max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated UGA pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.