HYG Options History — February 2008

In February 2008, HYG traded between $95.25 and $98.30. ATM implied volatility averaged 23.6%, placing in the 30.1% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 15.2% (HV 20d: 8.4%). Max pain ranged from $97.00 to $104.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.48.

Notable Days

  • 2008-02-26: Highest Volume — 38 contracts
  • 2008-02-08: Largest IV spike — 169.7% change
  • 2008-02-12: Highest IV Rank — 100.0%
  • 2008-02-07: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$96.43$95.25$98.30$98.27$96.38
Max Pain$101.55$97.00$104.00$97.00$99.00
ATM IV23.6%7.1%72.0%19.8%9.0%
Expected Move4.2%2.6%5.8%5.7%2.6%
HV 20d8.4%6.9%9.6%9.4%7.1%
HV 60d9.2%8.3%9.8%9.8%8.3%
IV Rank30.1%1.9%100.0%26.0%4.4%
IV Percentile67.9%1.9%100.0%84.4%12.5%
Term Structure1.8%-5.8%11.0%6.2%11.0%
VWIV17.3%13.0%41.8%41.8%13.5%
Skew 25d0.8%-12.6%8.3%1.1%-12.6%
Skew 10d-4.6%-30.8%4.9%-5.7%-30.8%
Call IV 25d19.2%10.6%41.1%40.7%20.0%
Put IV 25d19.9%7.4%48.1%41.8%7.4%
Bid-Ask Spread %128.5890.08174.60174.60158.31
Gamma HHI0.190.140.260.190.20
Net GEX8.7K-50.6K66.7K-21.4K41.7K
Net DEX1.3M779.3K2.3M2.3M912.2K
Net VEX-4.0K-7.3K-2.3K-6.6K-4.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.002.000.862.00
Total Volume6.050381417
Total OI453358645631433

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-02-01$98.27$97.0019.8%5.7%9.4%26.0%41.8%1.1%6.2%-21.4K2.3M-6.6K0.00174.60014237394
2008-02-04$98.30$104.0021.1%3.6%9.4%28.4%0.0%-1.3%2.4%-50.6K2.1M-7.3K0.00160.4600237408
2008-02-05$97.50$104.0022.9%5.2%9.6%31.9%0.0%-3.1%-5.0%-1.7K1.3M-6.1K0.00159.1900237298
2008-02-06$97.30$104.007.1%5.2%9.4%1.9%0.0%6.9%-3.1%-34.9K1.5M-5.4K0.00146.5102184298
2008-02-07$96.89$104.0016.3%5.8%8.7%19.5%0.0%8.3%-5.8%3.3K1.8M-4.6K0.00143.7400237300
2008-02-08$96.16$104.0044.0%4.9%8.6%72.1%0.0%-5.9%-5.4%-20.6K1.5M-5.2K0.00150.2400237300
2008-02-11$95.40$102.0056.1%4.6%8.9%95.2%0.0%2.7%0.7%10.9K788.8K-4.1K0.00144.0100237200
2008-02-12$95.76$102.0062.4%3.1%9.0%100.0%0.0%-1.0%6.4%21.1K795.4K-4.2K0.00144.4100237200
2008-02-13$95.51$102.0072.0%3.1%8.9%100.0%0.0%4.3%6.2%21.0K892.1K-3.9K0.00150.3400237200
2008-02-14$95.98$102.0011.0%3.2%9.2%7.5%0.0%-2.6%6.5%23.9K779.3K-4.1K0.00150.5900237200
2008-02-15$95.74$102.0014.7%4.2%8.9%13.0%14.2%3.9%1.5%-16.7K1.4M-2.3K0.8690.0876237200
2008-02-19$95.25$102.0015.7%4.5%8.5%14.6%14.3%1.6%-0.3%-1661.3M-2.6K0.0096.16140166192
2008-02-20$95.50$101.0014.1%4.0%8.3%12.1%13.4%2.1%1.1%3.9K1.4M-2.6K0.0093.7340180192
2008-02-21$95.83$101.0015.5%4.4%8.4%14.2%0.0%4.1%1.0%14.2K1.4M-2.5K0.0098.3000184192
2008-02-22$96.00$101.0014.9%4.3%6.9%13.4%14.7%-1.4%3.4%8.8K1.1M-3.4K0.00130.3510184192
2008-02-25$96.29$101.0014.7%4.2%7.0%13.0%0.0%4.1%1.1%17.8K1.3M-2.5K0.0092.6700185192
2008-02-26$96.91$101.0013.8%4.0%7.4%11.7%13.0%1.3%2.5%20.9K1.2M-2.9K0.0094.18380185192
2008-02-27$96.89$99.0013.6%3.9%7.3%11.3%13.3%1.5%2.7%66.5K1.1M-3.1K2.0096.6836223192
2008-02-28$96.75$99.0013.7%3.9%7.1%11.5%13.5%1.1%3.5%66.7K1.1M-3.2K0.0097.1109226198
2008-02-29$96.38$99.009.0%2.6%7.1%4.4%0.0%-12.6%11.0%41.7K912.2K-4.1K0.00158.31017226207