GraniteShares HIPS US High Income ETF (HIPS) Put/Call Volume History

Put/call volume ratio compares the number of put options traded to call options traded. Extreme readings can signal shifts in market sentiment relative to recent norms.

GraniteShares HIPS US High Income ETF (HIPS) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $110.7M, listed on AMEX, carrying a beta of 0.58 to the broader market. HIPS offers a twist on the popular multi-asset income space: a focus on pass-through securities (those that pass on most of their income to their owners). public since 2015-01-09.

Snapshot as of Jul 15, 2026.

Spot Price

$11.66

Call Volume

0

Put Volume

42

Total Volume

42

As of Jul 15, 2026, GraniteShares HIPS US High Income ETF (HIPS) traded 42 total options contracts. Volume split was 0 calls and 42 puts. Elevated flow relative to the ticker's recent average can signal institutional positioning, pending news, earnings expectations, or hedging activity. Daily volume is the most responsive short-term gauge of changing demand.

How HIPS put/call volume history Data Feeds Strategy Selection

Strategy selection on GraniteShares HIPS US High Income ETF options does not derive from any single metric in isolation. The put/call volume history view above sits inside a broader read: ATM IV currently sits at 368.5% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the put/call volume history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

How to read the HIPS volume data

The volume time-series above tracks GraniteShares HIPS US High Income ETF options trading activity day by day. Volume is a flow measure - contracts traded per day across all strikes and expirations - so spikes flag activity, not positioning. Total call OI of 3.2K versus put OI of 358 gives a put/call OI ratio of 0.11 - structurally a slower-moving signal than the volume-based ratio.

HIPS flow vs positioning

Volume tells you what flows happened today; OI tells you what positions accumulated. Both can move in opposite directions: rising volume with falling OI means contracts are being closed (covering); rising volume with rising OI means new positions are being opened. The combination matters more than either alone for reading sentiment. Combined with the current negative dealer-gamma regime, large OI clusters tend to act as price repellents that accelerate moves through key strikes.

Using HIPS OI/volume data alongside other surfaces

Per-strike OI is the input to dealer-gamma calculations: strikes with elevated call OI generate gamma walls that dealers must hedge into as spot approaches them. The gamma-exposure page combines this distribution with the dealers' assumed-long-gamma assumption to project hedge flow. Volume cross-checks recent positioning shifts in the chain that haven't yet shown up in cumulative OI. Pair both with the term-structure view on the volatility page to determine whether the activity is concentrated in near-dated event hedging or longer-dated structural positioning. Front-month expiration for HIPS sits at 37 days, so near-dated volume currently dominates the flow reading.

Learn how options volume is reported and how to read the data →

Daily options volume for HIPS over the last ~31 trading days. Volume measures contracts traded per day across all strikes and expirations; combined with put/call ratio it tracks directional positioning flow.

Most recent 15 trading days (descending). Older history appears in the chart above.

Frequently asked HIPS put/call volume history questions

How much HIPS options volume traded today?

As of Jul 15, 2026, GraniteShares HIPS US High Income ETF (HIPS) traded 42 total options contracts, split as 0 calls and 42 puts. Volume measures today's flow only; standing inventory is captured by open interest, which reconciles after the close.

What is the HIPS put/call volume ratio?

Put/call volume ratio is not available for HIPS in the current snapshot.

Is HIPS options volume elevated?

Elevated flow relative to the HIPS recent average is one of the strongest signals of institutional positioning, pending news, earnings expectations, or hedging activity. The most informative reads combine elevated volume with directional structure (single-leg or vertical), aggressive execution (at the ask or sweep), and an upcoming catalyst on the calendar.