HYG Options History — May 2019

In May 2019, HYG traded between $84.92 and $86.56. ATM implied volatility averaged 6.1%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 1.7%. IV traded above realized volatility by 1.6% (HV 20d: 4.5%). Max pain ranged from $87.00 to $87.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 8.72.

Notable Days

  • 2019-05-09: Highest Volume — 662,123 contracts
  • 2019-05-07: Largest IV spike — 28.6% change
  • 2019-05-31: Highest IV Rank — 38.1%
  • 2019-05-31: Largest Expected Move — 2.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$85.92$84.92$86.56$86.44$84.92
Max Pain$87.00$87.00$87.00$87.00$87.00
ATM IV6.1%4.5%8.4%4.5%8.4%
Expected Move1.7%1.3%2.4%1.3%2.4%
HV 20d4.5%3.2%5.4%3.2%5.4%
HV 60d3.6%3.0%4.1%3.2%4.1%
IV Rank22.4%11.3%38.1%11.3%38.1%
IV Percentile63.5%31.0%92.9%31.0%92.9%
Term Structure-0.0%-0.9%0.8%0.1%0.4%
VWIV7.5%5.2%10.2%5.2%10.2%
Skew 25d3.0%1.3%3.8%1.3%3.2%
Skew 10d6.5%3.2%8.4%3.5%8.1%
Call IV 25d5.0%3.1%7.3%4.1%7.3%
Put IV 25d8.0%5.3%10.5%5.3%10.5%
Bid-Ask Spread %13.946.7932.4514.3413.66
Gamma HHI0.170.130.400.170.17
Net GEX-1.97B-3.71B-957.4M-1.21B-2.96B
Net DEX6.39B2.39B11.96B3.12B11.96B
Net VEX-30.8M-43.8M-18.0M-19.0M-43.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio8.721.9323.994.241.93
Total Volume318,891.59170,926662,123207,083636,257
Total OI4,444,897.0453,795,9395,128,5813,795,9395,028,535

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$86.44$87.004.5%1.3%3.2%11.3%5.2%1.3%0.1%-1.21B3.12B-19.0M4.2414.3439,519167,564474,8853,321,054
2019-05-02$86.38$87.005.0%1.5%3.2%14.7%5.6%3.2%0.2%-1.64B3.55B-21.0M2.4119.5463,345152,921496,1173,318,468
2019-05-03$86.56$87.004.8%1.3%3.3%13.5%6.2%1.6%0.2%-2.18B2.39B-18.0M8.107.9826,943218,202530,2843,408,613
2019-05-06$86.56$87.005.6%1.4%3.2%19.1%7.2%3.5%0.0%-957.4M2.89B-22.0M4.8213.2712,18058,746522,0833,443,367
2019-05-07$86.08$87.007.2%1.9%3.8%30.2%8.2%3.6%-0.4%-1.54B5.09B-27.5M3.4313.2682,600283,334532,6383,481,183
2019-05-08$86.20$87.006.6%1.9%3.8%26.1%8.5%3.8%-0.3%-1.49B4.94B-28.3M2.1011.98107,552225,593609,7163,571,843
2019-05-09$85.99$87.006.8%1.8%3.6%26.9%7.6%3.8%-0.1%-1.78B6.07B-29.2M5.4422.37102,784559,339656,8603,601,913
2019-05-10$86.23$87.006.0%1.6%3.7%21.7%7.2%2.9%-0.2%-1.72B5.42B-28.0M8.7315.9939,369343,608709,2563,854,138
2019-05-13$85.47$87.006.9%2.1%4.7%27.7%7.1%3.7%0.8%-2.25B7.85B-29.9M7.2212.7341,327298,261700,1303,793,930
2019-05-14$85.69$87.006.4%1.6%4.9%24.5%5.4%3.3%-0.9%-2.31B7.11B-30.7M2.556.79107,600273,946746,1784,114,690
2019-05-15$85.72$87.006.3%1.6%4.9%24.1%7.5%3.4%-0.9%-2.41B7.47B-31.6M23.997.0411,987287,578745,2184,141,037
2019-05-16$85.92$87.005.6%1.6%5.0%18.9%7.5%2.8%-0.4%-2.37B6.35B-30.9M13.588.2214,583198,094752,8604,208,371
2019-05-17$85.95$87.005.7%1.6%5.0%19.4%7.1%2.8%-0.2%-3.71B6.90B-33.4M14.6132.4524,465357,347753,4174,375,164
2019-05-20$85.88$87.005.8%1.7%5.0%19.9%7.5%3.0%0.0%-1.56B6.38B-33.1M4.4513.7039,576176,144566,9373,593,665
2019-05-21$86.12$87.005.2%1.5%5.0%16.1%8.5%2.3%0.0%-1.41B5.33B-32.5M7.5112.7625,342190,359605,8373,741,035
2019-05-22$86.19$87.005.2%1.5%5.0%16.0%5.4%2.8%0.4%-1.40B5.35B-33.6M13.9412.7922,198309,479667,1193,713,225
2019-05-23$85.78$87.005.7%1.6%5.2%19.5%7.7%3.3%0.6%-1.75B7.20B-35.4M13.6515.3414,502197,898665,6223,792,950
2019-05-24$85.74$87.006.0%1.7%5.1%21.4%6.5%2.9%0.2%-1.92B7.59B-35.4M16.1714.828,885143,643663,9903,825,452
2019-05-28$85.51$87.006.5%1.8%5.2%24.9%8.9%2.9%0.1%-2.04B8.18B-35.3M10.8111.6120,694223,634657,0883,818,097
2019-05-29$85.35$87.007.1%1.9%5.2%29.3%10.1%3.4%-0.0%-2.22B9.52B-39.0M13.1312.4335,325463,714675,3443,972,465
2019-05-30$85.49$87.007.0%1.9%4.9%28.5%9.6%3.2%0.3%-2.43B9.86B-40.6M8.9513.6941,132368,046691,8964,245,065
2019-05-31$84.92$87.008.4%2.4%5.4%38.1%10.2%3.2%0.4%-2.96B11.96B-43.8M1.9313.66217,071419,186699,7064,328,829