United States Gasoline Fund LP
United States Gasoline Fund LP (UGA) Implied Volatility Current
UGA implied volatility is 41%. IV Rank is 44%, placing current premiums in the middle of their 52-week range.
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Tracking UGA implied volatility helps you identify when options premiums on United States Gasoline Fund LP are historically cheap or expensive, and where the best trades are hiding. United States Gasoline Fund LP implied volatility reflects the market's expectation of future price movement: when UGA IV rises, option premiums increase, creating opportunities for sellers, and when it drops, buyers can find cheaper contracts. Use our scanner to monitor United States Gasoline Fund LP's implied volatility current levels in real time and filter for high-probability trades.
Implied volatility is derived from option prices using models like Black-Scholes and represents the annualized expected move of an underlying stock. For UGA, tracking metrics like UGA IV rank helps traders understand whether current implied volatility is historically high or low. IV rank compares today's reading against the past year's range — a high rank on UGA signals rich premiums and potential mean-reversion, while a low rank may favor long options strategies.
The fund invests in futures contracts for gasoline, other types of gasoline, crude oil, diesel-heating oil, natural gas and other petroleum-based fuels. The Benchmark Futures Contract is the futures contract on gasoline as traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration.
Premium sellers, directional traders, and spread builders all need the same starting point: a clear read on where UGA implied volatility sits today versus where it has been. Our scanner ranks United States Gasoline Fund LP implied volatility against its historical range, surfaces extremes in UGA IV rank, and pairs every reading with the trades that exploit it. Stop guessing whether United States Gasoline Fund LP IV is rich or cheap — measure it, then act on it.
Implied Volatility
IV is below its typical range - premiums look reasonable for buyers.
As of September 17, 2026
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