HYG Options History — February 2019

In February 2019, HYG traded between $84.67 and $85.80. ATM implied volatility averaged 5.8%, placing in the 18.4% IV rank vs the trailing year. The 30-day expected move averaged 1.6%. IV traded above realized volatility by 0.4% (HV 20d: 5.3%). Max pain ranged from $85.00 to $86.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 16.89.

Notable Days

  • 2019-02-05: Highest Volume — 441,793 contracts
  • 2019-02-28: Largest IV spike — 8.1% change
  • 2019-02-01: Highest IV Rank — 24.5%
  • 2019-02-11: Largest Expected Move — 1.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$85.27$84.67$85.80$84.67$85.72
Max Pain$85.68$85.00$86.00$85.00$86.00
ATM IV5.8%4.6%6.6%6.6%5.0%
Expected Move1.6%1.0%1.8%1.8%1.3%
HV 20d5.3%3.6%8.3%8.3%3.6%
HV 60d7.8%7.5%8.1%8.1%7.5%
IV Rank18.4%10.1%24.5%24.5%12.7%
IV Percentile48.0%27.4%63.1%63.1%32.1%
Term Structure0.0%-0.8%0.6%-0.2%0.0%
VWIV7.7%5.3%9.6%9.1%7.6%
Skew 25d2.2%1.4%2.9%1.4%2.1%
Skew 10d5.4%2.6%7.6%3.4%4.4%
Call IV 25d5.1%4.1%5.9%5.7%4.1%
Put IV 25d7.3%6.3%8.4%7.1%6.3%
Bid-Ask Spread %14.646.7143.8110.5013.80
Gamma HHI0.150.130.170.150.15
Net GEX-604.0M-978.3M-317.6M-763.4M-437.2M
Net DEX2.73B1.93B3.70B3.70B2.06B
Net VEX-15.0M-18.8M-10.0M-17.4M-13.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio16.891.40200.525.932.59
Total Volume194,633.15846,509441,793393,959281,369
Total OI4,250,114.8953,472,0344,948,9034,524,8773,910,174

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-02-01$84.67$85.006.6%1.8%8.3%24.5%9.1%1.4%-0.2%-763.4M3.70B-17.4M5.9310.5056,867337,092471,9974,052,880
2019-02-04$84.87$85.006.2%1.8%6.5%21.4%9.6%2.5%0.6%-721.7M3.45B-16.6M8.2811.3517,527145,074460,5013,964,278
2019-02-05$85.19$85.006.3%1.7%5.9%22.5%7.2%2.1%-0.3%-470.6M2.62B-16.1M5.857.6864,491377,302480,0164,122,045
2019-02-06$85.13$85.006.3%1.8%5.6%22.1%8.4%2.1%0.1%-638.0M2.80B-15.7M11.0910.7125,586283,813477,9804,099,426
2019-02-07$84.85$85.006.3%1.8%5.7%21.9%8.6%2.3%-0.4%-883.8M3.53B-18.4M4.416.7157,482253,577511,8134,073,860
2019-02-08$84.73$85.006.3%1.7%5.6%22.3%9.6%2.5%-0.8%-978.3M3.51B-18.8M5.117.6055,155281,630513,0094,027,724
2019-02-11$84.80$86.006.3%1.8%5.5%22.2%9.3%2.9%0.2%-960.9M3.54B-18.2M200.526.98559112,090527,1744,130,280
2019-02-12$85.22$86.006.2%1.8%5.4%21.7%8.3%2.3%0.4%-725.0M2.66B-17.2M12.3610.544,71358,249527,2114,198,879
2019-02-13$85.17$86.006.3%1.8%5.4%21.9%8.4%2.1%-0.1%-754.5M2.93B-18.6M1.7111.5378,020133,673529,5814,181,495
2019-02-14$85.15$86.006.3%1.8%5.4%21.9%8.4%2.6%0.0%-626.9M3.06B-16.2M14.3310.488,892127,459603,8994,314,104
2019-02-15$85.42$86.005.9%1.7%5.4%19.6%6.8%2.2%-0.2%-334.0M1.93B-10.0M5.297.9031,889168,778612,7764,336,127
2019-02-19$85.48$86.005.6%1.6%5.3%17.1%6.6%2.1%0.4%-489.0M2.52B-13.4M6.2517.168,26551,628444,1683,027,866
2019-02-20$85.47$86.005.3%1.4%4.6%15.2%6.4%1.8%-0.0%-480.6M2.46B-13.2M3.4715.7910,39636,113452,2263,056,632
2019-02-21$85.42$86.005.2%1.4%4.7%14.3%6.2%2.3%-0.1%-642.2M2.78B-13.8M7.7838.5322,636176,213452,8893,087,798
2019-02-22$85.58$86.005.1%1.5%4.7%13.5%7.3%2.0%0.2%-407.3M2.23B-12.2M15.6843.817,510117,763474,6113,228,845
2019-02-25$85.65$86.005.1%1.5%4.6%13.9%5.3%2.1%0.5%-463.0M2.18B-12.4M1.4014.5428,97640,667477,3893,272,945
2019-02-26$85.77$86.004.8%1.3%4.5%11.4%5.8%2.1%-0.0%-317.6M1.96B-11.9M5.7614.1920,870120,134487,3063,282,789
2019-02-27$85.80$86.004.6%1.0%4.4%10.1%6.7%2.0%0.2%-382.4M1.96B-12.2M3.1118.3723,23872,334504,7823,374,708
2019-02-28$85.72$86.005.0%1.3%3.6%12.7%7.6%2.1%0.0%-437.2M2.06B-13.3M2.5913.8078,283203,086517,4193,392,755