GraniteShares HIPS US High Income ETF (HIPS) Options History
Historical options analytics archive for HIPS with monthly max pain, implied volatility, gamma exposure, and put/call data.
23 months of complete options data available.
HIPS monthly aggregates
Month-by-month rollups derived from the daily snapshot archive for HIPS. Volatility and put/call columns are averages across trading days within the month; max pain, net GEX, and net DEX are the end-of-month values (last trading day of the month).
| Month | Days | Avg ATM IV | Avg IV Rank | End Max Pain | End Net GEX | End Net DEX | Avg P/C |
|---|---|---|---|---|---|---|---|
| 2026-06 | 21 | 110.2% | 22.3% | $12.00 | -$3.0K | $164.1K | 0.10 |
| 2026-05 | 20 | 189.3% | 38.5% | $12.00 | -$560 | $140.8K | 0.22 |
| 2026-04 | 21 | 141.4% | 49.5% | $12.00 | $10.1K | -$13.5K | 0.67 |
| 2026-03 | 21 | 50.0% | 36.7% | $12.00 | $4.9K | $51.9K | 2.92 |
| 2026-02 | 19 | 31.4% | 25.5% | $12.00 | -$2.4K | $137.4K | 1.36 |
| 2026-01 | 20 | 30.4% | 24.4% | $12.00 | -$2.5K | $44.7K | 1.04 |
This archive aggregates HIPS's daily end-of-day options snapshots into monthly summaries, spanning 2024-08 through 2026-06. Each month rolls up the underlying snapshot archive, which provides continuous end-of-day coverage from 2007 to present: implied-volatility levels, IV rank, and the put/call ratio are time-averaged across the month; total call and put volume are summed; and dealer positioning (net gamma and delta exposure) and the max-pain strike are taken at the month's final trading day. The result is a long-horizon view of how HIPS option pricing, volatility regime, and dealer hedging pressure evolved month over month, useful for backtesting strategy assumptions and for studying volatility-regime shifts around earnings and macro events. The most recent aggregated month (2026-06) shows an average ATM implied volatility near 110.2%, a month-end max-pain strike around $12.00, an average put/call ratio of 0.10.
2026
Jan | Feb | Mar | Apr | May | Jun
2025
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec
2024
Frequently asked HIPS history questions
- How much options history is available for HIPS?
- This archive holds 23 months of HIPS options analytics, spanning 2024-08 through 2026-06. Each entry is a monthly rollup of HIPS's daily end-of-day options snapshot record, which provides continuous coverage from 2007 to present. Use the year-grouped links on this page to jump to any specific month within the HIPS archive.
- What data does each monthly HIPS aggregate contain?
- Every monthly row summarizes that month of HIPS option activity: time-averaged ATM implied volatility and IV rank, the month-end max-pain strike, end-of-month net dealer gamma (GEX) and delta (DEX) exposure, the average put/call ratio, and total call and put volume. For example, 2026-06 recorded an average ATM implied volatility near 110.2%, an average IV rank of 22.3%, a month-end max-pain strike around $12.00, an average put/call ratio of 0.10.
- How is the HIPS options-history archive built and how often does it update?
- The archive is derived from HIPS's daily end-of-day options snapshots, which capture spot, the full listed chain, implied volatility, and dealer-positioning exposures each trading day. Those daily records are rolled up into the monthly summaries shown here and refreshed as new end-of-day data lands. Traders use the long-horizon view to backtest strategy assumptions, study how HIPS's volatility regime shifts around earnings and macro events, and compare current dealer positioning against historical norms.