HYG Options History — May 2017

In May 2017, HYG traded between $87.46 and $88.67. ATM implied volatility averaged 5.5%, placing in the 9.8% IV rank vs the trailing year. The 30-day expected move averaged 1.6%. IV traded above realized volatility by 1.8% (HV 20d: 3.7%). Max pain ranged from $88.00 to $88.50. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 3.14.

Notable Days

  • 2017-05-25: Highest Volume — 262,182 contracts
  • 2017-05-17: Largest IV spike — 21.9% change
  • 2017-05-17: Highest IV Rank — 24.5%
  • 2017-05-31: Largest Expected Move — 2.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$88.10$87.46$88.67$87.80$88.66
Max Pain$88.02$88.00$88.50$88.00$88.50
ATM IV5.5%4.2%6.7%5.4%4.2%
Expected Move1.6%1.2%2.3%1.4%2.3%
HV 20d3.7%3.2%4.2%3.8%3.4%
HV 60d4.9%4.8%5.1%4.8%5.0%
IV Rank9.8%0.0%24.5%6.8%0.0%
IV Percentile7.0%0.0%28.6%2.0%0.0%
Term Structure0.0%-0.4%0.4%-0.1%0.4%
VWIV7.5%4.9%9.5%6.8%4.9%
Skew 25d2.1%1.5%3.1%1.6%1.6%
Skew 10d5.0%3.2%7.2%4.4%3.7%
Call IV 25d5.0%4.0%6.0%5.3%4.0%
Put IV 25d7.2%5.7%9.1%7.0%5.7%
Bid-Ask Spread %31.987.5593.3117.5627.11
Gamma HHI0.230.140.400.170.15
Net GEX97.2M-318.4M605.3M-146.3M163.8M
Net DEX923.7M-97.4M1.73B1.05B-97.4M
Net VEX-9.3M-11.5M-6.7M-9.1M-6.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.141.698.721.862.40
Total Volume163,400.45581,593262,182119,234253,974
Total OI1,906,788.4551,599,4942,261,7601,599,4941,881,801

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-05-01$87.80$88.005.4%1.4%3.8%6.8%6.8%1.6%-0.1%-146.3M1.05B-9.1M1.8617.5641,67377,561332,4981,266,996
2017-05-02$87.79$88.005.4%1.5%3.2%7.4%5.7%1.5%-0.0%-76.0M839.4M-7.7M1.697.5557,87897,877360,8081,285,328
2017-05-03$87.89$88.005.9%1.5%3.2%13.2%7.0%1.6%-0.2%-16.5M613.1M-7.5M2.2634.2638,94487,840387,8261,301,992
2017-05-04$87.46$88.006.3%2.0%3.7%18.9%8.1%1.7%-0.1%-318.4M1.73B-9.9M4.1525.0234,461142,876400,5501,340,768
2017-05-05$87.53$88.006.4%1.8%3.7%20.3%8.6%1.8%-0.3%-302.2M1.71B-9.6M3.0418.5945,314137,938426,1151,413,095
2017-05-08$87.69$88.006.0%1.7%3.8%14.9%7.5%1.5%-0.1%-165.2M1.63B-9.9M1.8620.0378,485146,249450,2911,449,681
2017-05-09$87.64$88.006.0%1.6%3.8%14.6%7.5%1.9%-0.1%-141.1M1.51B-10.2M1.8819.2659,341111,666477,8701,452,797
2017-05-10$88.02$88.005.6%1.7%3.9%9.7%8.1%1.8%0.4%226.1M760.6M-9.9M2.1026.2751,645108,400510,2801,502,824
2017-05-11$87.97$88.005.8%1.7%3.9%12.5%7.8%2.2%0.3%257.0M1.03B-10.5M3.0124.8350,022150,771521,7731,510,421
2017-05-12$88.01$88.005.7%1.7%3.9%10.9%8.9%2.0%0.1%240.8M964.5M-10.0M2.2122.1142,28093,560527,8791,549,068
2017-05-15$88.19$88.005.6%1.6%3.9%9.6%6.6%2.1%0.3%476.7M381.4M-8.0M3.8323.5427,083103,665536,4211,581,863
2017-05-16$88.32$88.005.5%1.6%3.9%8.2%8.1%2.3%-0.4%378.7M424.1M-7.9M4.9824.7426,047129,703539,0591,605,679
2017-05-17$87.97$88.006.7%1.9%4.2%24.5%8.9%3.1%0.0%95.9M1.59B-11.3M1.9635.4335,11668,957541,2201,662,908
2017-05-18$87.97$88.006.5%1.9%4.0%21.5%9.4%3.1%-0.4%527.8M1.44B-11.0M2.4131.5835,39485,415549,0421,679,260
2017-05-19$88.18$88.006.2%1.8%4.0%18.0%8.1%3.1%0.3%605.3M938.2M-10.1M1.8837.5345,43885,355556,5621,705,198
2017-05-22$88.40$88.005.0%1.4%3.7%1.7%9.5%2.7%0.1%46.3M420.2M-7.2M4.1515.9115,83165,762395,0331,258,081
2017-05-23$88.37$88.005.0%1.5%3.6%1.7%7.5%2.5%0.2%-30.1M1.07B-10.2M3.4015.8019,01564,716403,7311,277,727
2017-05-24$88.57$88.004.8%1.2%3.7%0.0%5.9%2.3%0.2%39.8M646.6M-8.6M4.6985.2745,956215,307404,2821,293,953
2017-05-25$88.57$88.004.8%1.4%3.7%0.0%6.6%2.2%-0.1%-10.7M973.1M-11.5M2.8493.3168,211193,971438,0801,409,004
2017-05-26$88.55$88.004.6%1.3%3.7%0.0%7.4%2.4%0.2%29.6M615.3M-9.7M8.7284.8417,705154,344465,5801,416,995
2017-05-30$88.67$88.004.7%1.4%3.4%1.6%7.0%2.0%0.3%257.9M63.5M-7.2M3.7712.9638,383144,681465,7081,413,299
2017-05-31$88.66$88.504.2%2.3%3.4%0.0%4.9%1.6%0.4%163.8M-97.4M-6.7M2.4027.1174,792179,182455,9901,425,811