HYG Options History — October 2019

In October 2019, HYG traded between $86.10 and $87.41. ATM implied volatility averaged 5.5%, 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 1.7% (HV 20d: 3.8%). Max pain ranged from $87.00 to $95.00. Net GEX was positive for 2 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 26.86.

Notable Days

  • 2019-10-03: Highest Volume — 810,392 contracts
  • 2019-10-08: Largest IV spike — 17.6% change
  • 2019-10-08: Highest IV Rank — 33.8%
  • 2019-10-03: Largest Expected Move — 2.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$86.83$86.10$87.41$86.67$86.83
Max Pain$93.39$87.00$95.00$87.00$95.00
ATM IV5.5%3.8%7.8%6.7%4.5%
Expected Move1.6%1.1%2.2%1.7%1.2%
HV 20d3.8%2.7%4.2%3.2%3.1%
HV 60d4.7%4.1%4.9%4.6%4.2%
IV Rank18.4%6.2%33.8%26.3%11.2%
IV Percentile34.5%2.0%85.3%65.5%8.7%
Term Structure0.1%-0.5%0.8%-0.3%0.1%
VWIV6.6%3.9%10.2%7.0%5.3%
Skew 25d2.4%1.2%3.5%2.9%1.4%
Skew 10d4.4%2.3%6.1%5.8%2.3%
Call IV 25d4.6%3.3%6.4%5.1%4.2%
Put IV 25d7.0%4.7%9.4%8.1%5.6%
Bid-Ask Spread %13.715.3129.9113.189.01
Gamma HHI0.170.120.260.130.16
Net GEX-1.06B-2.08B141.6M-1.06B-2.04B
Net DEX3.20B724.2M6.32B3.68B4.38B
Net VEX-17.3M-27.2M-8.2M-22.0M-19.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio26.861.80367.1321.402.92
Total Volume212,482.73953,330810,392174,882215,507
Total OI4,554,203.3043,820,1145,125,0083,820,1144,711,611

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-10-01$86.67$87.006.7%1.7%3.2%26.3%7.0%2.9%-0.3%-1.06B3.68B-22.0M21.4013.187,806167,076620,0773,200,037
2019-10-02$86.15$87.007.7%2.0%3.8%33.6%7.0%3.0%-0.3%-1.52B5.02B-24.1M3.6829.9196,057353,025611,4313,281,693
2019-10-03$86.13$95.007.6%2.2%3.4%32.5%9.8%3.1%-0.3%-1.69B5.92B-26.0M14.0418.3653,874756,518653,1913,449,908
2019-10-04$86.40$88.006.5%2.1%3.6%25.1%6.7%3.5%-0.0%-1.80B5.11B-24.2M33.6112.886,541219,840700,3914,010,865
2019-10-07$86.40$88.006.6%2.1%3.6%25.8%10.2%2.9%0.8%-1.78B5.18B-25.6M4.9920.3940,473202,153687,8853,941,429
2019-10-08$86.10$88.007.8%2.1%3.7%33.8%9.9%3.2%-0.5%-2.08B6.32B-27.2M13.9029.735,92382,355702,3424,098,143
2019-10-09$86.33$95.007.0%2.2%3.9%28.3%9.2%3.2%0.8%-2.02B5.77B-25.9M3.1413.9542,221132,768730,8114,115,850
2019-10-10$86.42$95.007.1%2.1%3.9%29.0%9.0%3.1%0.6%-1.87B4.67B-21.6M17.5417.9815,996280,589765,6244,118,569
2019-10-11$86.78$95.006.1%1.7%4.2%22.0%7.2%2.8%-0.3%-1.50B3.74B-20.5M7.5525.7319,726148,916770,9344,309,420
2019-10-14$86.83$95.005.8%1.6%4.0%20.2%6.6%2.6%-0.0%-1.19B3.75B-20.1M4.289.5712,51553,589761,2044,168,340
2019-10-15$86.99$95.005.2%1.5%4.1%16.2%6.8%2.3%0.1%-959.4M2.33B-14.2M5.7310.5543,454249,171762,5164,129,345
2019-10-16$86.97$95.005.1%1.5%4.1%15.6%5.4%2.1%0.0%-537.1M2.01B-12.3M2.0313.0525,76552,398782,6654,243,459
2019-10-17$87.09$95.004.8%1.4%4.1%13.3%6.8%2.6%0.3%-143.4M1.45B-12.6M14.076.4211,117156,470818,0184,275,063
2019-10-18$87.10$95.004.7%1.3%4.1%12.9%4.8%2.1%0.3%-531.8M1.39B-12.6M1.805.3169,347124,586807,9794,317,029
2019-10-21$87.13$95.004.6%1.3%4.1%12.2%4.8%2.7%-0.0%-299.2M1.18B-9.8M23.347.762,19151,139652,8493,473,664
2019-10-22$87.12$95.004.5%1.3%4.1%11.4%6.3%2.0%0.1%-470.1M1.62B-10.7M26.0213.265,409140,754674,0323,521,359
2019-10-23$87.22$95.004.5%1.3%4.1%10.9%5.0%1.8%0.1%-625.8M1.61B-11.8M5.318.4610,54056,016677,0813,568,123
2019-10-24$87.28$95.003.9%1.1%4.1%6.9%5.6%1.6%0.2%-547.5M1.35B-10.7M367.139.65329120,785677,7363,559,246
2019-10-25$87.41$95.003.8%1.1%4.1%6.2%3.9%1.2%0.1%141.6M724.2M-8.2M2.429.4927,78267,341677,8413,596,197
2019-10-28$87.41$95.003.9%1.1%4.1%6.9%4.6%1.3%0.2%9.9M984.2M-9.1M11.578.277,51386,943688,4713,599,286
2019-10-29$87.24$95.004.4%1.3%3.6%10.8%4.1%1.2%0.3%-949.2M2.74B-15.8M24.4416.7711,975292,718695,3263,638,319
2019-10-30$87.15$95.004.5%1.2%2.7%11.0%5.7%1.8%0.1%-934.5M2.66B-15.1M6.815.6646,102313,790702,2813,799,036
2019-10-31$86.83$95.004.5%1.2%3.1%11.2%5.3%1.4%0.1%-2.04B4.38B-19.0M2.929.0155,016160,491730,9923,980,619