HYG Options History — April 2019

In April 2019, HYG traded between $86.08 and $86.98. ATM implied volatility averaged 4.2%, placing in the 8.3% IV rank vs the trailing year. The 30-day expected move averaged 1.2%. IV traded above realized volatility by 1.2% (HV 20d: 3.1%). Max pain ranged from $87.00 to $95.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 4.53.

Notable Days

  • 2019-04-26: Highest Volume — 351,039 contracts
  • 2019-04-24: Largest IV spike — 44.1% change
  • 2019-04-03: Highest IV Rank — 17.6%
  • 2019-04-03: Largest Expected Move — 1.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$86.62$86.08$86.98$86.08$86.95
Max Pain$87.38$87.00$95.00$87.00$87.00
ATM IV4.2%2.9%5.6%5.6%4.0%
Expected Move1.2%0.8%1.6%1.6%1.2%
HV 20d3.1%2.3%3.4%3.4%2.3%
HV 60d3.8%2.9%5.6%5.6%2.9%
IV Rank8.3%0.0%17.6%17.1%7.9%
IV Percentile21.1%0.0%55.2%51.6%16.7%
Term Structure0.2%-0.5%1.1%-0.1%-0.1%
VWIV6.0%4.4%7.0%6.0%6.7%
Skew 25d2.2%1.4%2.8%2.5%2.1%
Skew 10d4.5%1.3%5.9%4.5%5.1%
Call IV 25d3.6%2.9%4.5%4.5%3.6%
Put IV 25d5.8%5.2%7.0%7.0%5.7%
Bid-Ask Spread %15.236.6241.8113.8118.22
Gamma HHI0.170.130.250.170.20
Net GEX-583.4M-951.4M-67.2M-831.7M-508.3M
Net DEX2.47B1.42B3.48B3.48B1.76B
Net VEX-19.0M-21.5M-16.1M-18.4M-16.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.530.6311.452.471.10
Total Volume200,368.23842,514351,039143,192182,924
Total OI4,134,715.5713,445,3134,680,5284,112,9483,827,733

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$86.08$87.005.6%1.6%3.4%17.1%6.0%2.5%-0.1%-831.7M3.48B-18.4M2.4713.8141,288101,904492,7113,620,237
2019-04-02$86.12$87.005.5%1.6%3.4%16.5%6.3%2.4%-0.0%-863.7M3.18B-19.2M3.4014.1332,642111,013488,0673,577,654
2019-04-03$86.13$95.005.6%1.6%3.2%17.6%6.4%2.0%0.2%-951.4M3.35B-21.2M1.5015.4758,61987,753509,4503,595,532
2019-04-04$86.26$87.004.9%1.5%3.2%12.3%5.6%2.4%0.0%-820.9M3.12B-21.5M0.9415.0667,41363,268538,4163,614,189
2019-04-05$86.42$87.004.8%1.5%3.1%11.8%6.1%2.4%0.0%-455.4M2.70B-20.8M2.0512.57111,857229,389551,2993,611,993
2019-04-08$86.34$87.004.5%1.5%3.1%9.7%4.4%2.0%0.4%-734.7M2.86B-19.2M0.636.6281,71751,158549,9983,652,885
2019-04-09$86.33$87.004.7%1.5%3.0%11.0%6.2%2.5%0.9%-631.7M2.63B-19.2M9.819.7721,512211,045619,3433,677,894
2019-04-10$86.69$87.004.8%1.3%3.2%11.6%6.3%2.8%-0.5%-455.4M2.33B-19.4M8.6613.0725,550221,269632,8103,834,034
2019-04-11$86.81$87.004.2%1.2%3.2%7.4%6.0%2.6%-0.2%-377.7M2.18B-20.4M8.139.7037,257302,798635,4043,857,126
2019-04-12$86.92$87.003.9%1.1%3.2%5.5%5.8%2.1%0.0%-229.5M1.65B-19.1M4.228.4541,650175,682662,4033,907,970
2019-04-15$86.90$87.004.0%1.1%3.2%5.7%5.4%2.6%0.3%-171.5M1.66B-19.3M5.8710.116,19236,322687,9743,873,963
2019-04-16$86.85$87.003.6%1.0%3.2%2.9%5.6%2.2%0.3%-67.2M1.42B-17.2M11.4514.255,16159,093687,6043,868,779
2019-04-17$86.69$87.002.9%0.8%3.0%0.0%5.2%2.2%1.1%-162.5M1.98B-17.6M8.2320.4917,822146,680667,9173,906,713
2019-04-18$86.69$87.003.2%0.8%3.0%1.7%6.8%2.1%0.8%-598.6M2.03B-18.2M6.2810.1342,260265,396675,9114,004,617
2019-04-22$86.56$87.004.0%1.1%2.9%7.4%5.7%1.4%0.1%-821.6M2.90B-18.1M4.0033.6043,595174,312459,0332,986,280
2019-04-23$86.78$87.002.9%0.8%3.0%0.0%5.8%2.3%-0.1%-772.9M2.71B-19.1M4.2841.8143,969188,251472,2803,110,455
2019-04-24$86.74$87.004.2%1.2%3.0%8.8%6.7%2.0%-0.1%-767.5M2.76B-19.8M5.009.2238,574192,704479,6433,152,433
2019-04-25$86.81$87.003.9%1.1%2.9%7.1%7.0%2.6%0.3%-731.1M2.56B-18.0M2.1215.0983,931177,964506,4303,258,084
2019-04-26$86.97$87.003.8%1.1%3.0%6.2%6.3%2.0%0.2%-553.0M2.31B-18.6M2.6315.2996,643254,396506,3323,289,345
2019-04-29$86.98$87.003.9%1.1%2.8%6.7%5.2%1.9%0.1%-744.3M2.39B-19.5M2.4413.0822,33654,424516,1393,261,947
2019-04-30$86.95$87.004.0%1.2%2.3%7.9%6.7%2.1%-0.1%-508.3M1.76B-16.1M1.1018.2287,02395,901534,7293,293,004