HYG Options History — June 2008

In June 2008, HYG traded between $94.00 and $97.50. ATM implied volatility averaged 13.9%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 3.9%. IV traded above realized volatility by 6.2% (HV 20d: 7.7%). Max pain ranged from $99.00 to $99.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 8 of 21 days.

Notable Days

  • 2008-06-13: Highest Volume — 69 contracts
  • 2008-06-30: Largest IV spike — 340.7% change
  • 2008-06-30: Highest IV Rank — 36.9%
  • 2008-06-30: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$96.13$94.00$97.50$96.78$94.00
Max Pain$99.00$99.00$99.00$99.00$99.00
ATM IV13.9%6.4%29.3%8.0%29.3%
Expected Move3.9%1.8%8.4%2.3%8.4%
HV 20d7.7%6.7%8.7%6.9%7.2%
HV 60d7.9%7.5%8.2%8.0%8.2%
IV Rank14.3%3.3%36.9%5.6%36.9%
IV Percentile45.5%3.6%94.0%13.1%94.0%
Term Structure-2.0%-10.4%11.5%1.7%-10.4%
Skew 25d-2.5%-10.7%3.7%3.5%-9.7%
Skew 10d-5.3%-17.7%0.9%0.7%-17.7%
Call IV 25d19.7%5.3%44.2%7.8%40.4%
Put IV 25d17.3%6.8%43.5%11.3%30.7%
Bid-Ask Spread %157.97130.54178.06152.25165.37
Gamma HHI0.270.180.370.320.29
Net GEX-78.7K-152.7K-37.5K-97.2K-54.6K
Net DEX700.9K454.6K1.2M688.2K665.3K
Net VEX-2.1K-2.7K-1.4K-1.7K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume4.95206900
Total OI190.429112250201125

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-06-02$96.78$99.008.0%2.3%6.9%5.6%0.0%3.5%1.7%-97.2K688.2K-1.7K0.00152.250065136
2008-06-03$96.85$99.0015.6%4.5%7.0%16.7%0.0%-2.2%-4.2%-44.0K476.7K-2.1K0.00168.830065136
2008-06-04$96.75$99.007.9%2.3%6.7%5.5%0.0%3.7%2.0%-81.3K713.1K-1.7K0.00152.360065136
2008-06-05$97.17$99.0016.5%4.7%6.9%18.1%0.0%-0.6%-4.8%-37.5K458.0K-2.3K0.00169.220065136
2008-06-06$96.91$0.0017.0%3.1%6.9%18.9%0.0%-5.7%11.5%-38.2K489.8K-2.2K0.00175.590065136
2008-06-09$97.21$0.007.8%2.3%7.0%5.3%0.0%2.2%0.6%-124.2K746.8K-1.4K0.00130.540065136
2008-06-10$97.25$0.0019.8%5.7%7.0%23.0%0.0%-6.0%-4.8%-38.0K459.0K-2.1K0.00177.260265136
2008-06-11$97.23$0.0020.8%5.7%7.0%24.5%0.0%-6.2%-5.1%-38.1K454.6K-2.0K0.00178.0602065136
2008-06-12$97.07$0.0020.3%5.8%7.0%23.6%0.0%-6.6%-6.7%-51.4K598.1K-2.4K0.00177.260065156
2008-06-13$97.50$0.007.5%2.1%7.2%4.8%0.0%2.2%-0.0%-74.3K636.6K-2.0K0.00134.2106965156
2008-06-16$96.15$0.007.7%2.2%8.5%5.1%0.0%0.9%-0.2%-135.3K1.0M-2.2K0.00134.300065185
2008-06-17$96.32$0.0022.0%6.3%8.3%26.2%0.0%-9.1%-8.3%-63.6K767.3K-2.7K0.00172.440065185
2008-06-18$96.53$0.007.0%2.0%8.4%4.1%0.0%2.2%-1.3%-99.9K938.5K-2.4K0.00145.160065180
2008-06-19$95.92$0.006.9%2.0%8.6%3.9%0.0%0.2%-0.0%-129.2K1.1M-2.2K0.00145.270065180
2008-06-20$95.54$0.006.6%1.9%8.7%3.5%0.0%1.2%0.6%-152.7K1.2M-2.0K0.00147.070065180
2008-06-23$95.19$0.0024.7%7.1%8.6%30.2%0.0%-10.6%-7.0%-56.2K576.0K-2.1K0.00172.49003109
2008-06-24$94.79$0.007.1%2.0%8.5%4.2%0.0%1.8%1.0%-89.0K672.9K-1.8K0.00154.10033109
2008-06-25$95.11$0.006.4%1.8%8.3%3.3%0.0%-2.9%1.0%-93.4K668.0K-1.9K0.00150.570103112
2008-06-26$94.36$0.0026.6%7.6%8.6%32.9%0.0%-10.7%-8.1%-55.4K646.5K-2.3K0.00164.36003122
2008-06-27$94.10$0.006.6%1.9%8.6%3.6%0.0%0.8%0.6%-100.4K823.9K-1.8K0.00150.57003122
2008-06-30$94.00$0.0029.3%8.4%7.2%36.9%0.0%-9.7%-10.4%-54.6K665.3K-2.2K0.00165.37003122