HYG Options History — April 2022

In April 2022, HYG traded between $78.64 and $82.47. ATM implied volatility averaged 11.3%, placing in the 59.1% IV rank vs the trailing year. The 30-day expected move averaged 3.2%. IV traded above realized volatility by 0.5% (HV 20d: 10.9%). Max pain ranged from $83.00 to $83.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 5.69.

Notable Days

  • 2022-04-11: Highest Volume — 1,203,449 contracts
  • 2022-04-05: Largest IV spike — 21.6% change
  • 2022-04-27: Highest IV Rank — 81.6%
  • 2022-04-29: Largest Expected Move — 4.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$80.28$78.64$82.47$81.92$78.64
Max Pain$83.00$83.00$83.00$83.00$83.00
ATM IV11.3%8.7%14.9%9.4%14.1%
Expected Move3.2%2.6%4.2%2.7%4.2%
HV 20d10.9%8.8%12.6%12.1%9.7%
HV 60d9.5%8.7%10.1%8.7%10.1%
IV Rank59.1%42.2%81.6%46.5%76.7%
IV Percentile92.6%82.5%99.6%87.7%98.4%
Term Structure-0.1%-1.6%0.5%0.3%-0.4%
VWIV12.8%10.6%15.5%12.2%15.2%
Skew 25d4.3%3.3%5.8%3.5%5.4%
Skew 10d7.7%6.2%9.3%7.7%8.1%
Call IV 25d9.7%7.7%12.1%7.9%12.1%
Put IV 25d14.1%11.0%17.5%11.4%17.5%
Bid-Ask Spread %25.844.3461.8661.866.70
Gamma HHI0.140.110.200.140.11
Net GEX-2.42B-3.43B-1.37B-1.74B-2.25B
Net DEX11.75B5.37B17.31B7.62B14.60B
Net VEX-28.8M-32.4M-20.4M-25.5M-32.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.691.5012.052.3911.47
Total Volume518,232.45276,7841,203,449427,979864,702
Total OI6,622,768.455,677,2207,846,9986,312,8516,622,375

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-04-01$81.92$83.009.4%2.7%12.1%46.5%12.2%3.5%0.3%-1.74B7.62B-25.5M2.3961.86126,103301,876937,0525,375,799
2022-04-04$82.47$83.008.7%2.6%11.9%42.2%10.6%3.3%-0.1%-1.37B5.37B-20.4M2.435.81123,882300,976941,2435,421,311
2022-04-05$81.54$83.0010.6%2.8%12.6%54.2%11.6%3.9%-0.1%-2.14B9.50B-28.1M4.387.76104,812458,952977,0395,620,826
2022-04-06$80.98$83.0011.2%3.1%12.4%57.9%12.6%4.6%-0.2%-2.48B11.99B-29.6M3.358.53101,019337,9771,060,8355,837,216
2022-04-07$80.86$83.0010.3%2.9%12.0%52.6%11.9%3.9%-0.1%-2.81B12.58B-29.8M3.598.73103,721372,0341,076,0015,918,978
2022-04-08$80.33$83.0010.2%3.0%11.9%52.0%11.3%3.9%-0.1%-3.12B14.52B-30.2M3.469.63183,400634,6551,100,5226,109,721
2022-04-11$79.69$83.0012.4%3.2%11.6%66.1%13.4%5.0%-1.6%-3.21B17.31B-32.0M12.0552.3692,2531,111,1961,066,7356,292,673
2022-04-12$80.26$83.0011.2%3.3%11.6%57.9%12.4%4.3%0.4%-3.10B14.36B-29.4M7.3643.0975,621556,8071,111,6616,497,653
2022-04-13$80.81$83.0010.0%2.9%11.1%50.2%11.4%3.7%-0.1%-2.94B11.82B-26.4M9.6658.3125,970250,8141,152,4166,564,403
2022-04-14$80.30$83.0011.0%3.2%10.9%56.6%13.5%4.6%0.5%-3.43B14.00B-30.2M4.6451.9963,440294,5291,160,3846,686,614
2022-04-18$80.14$83.0011.3%3.2%10.8%59.1%12.8%4.4%-0.1%-2.16B9.93B-28.3M1.5034.71152,251228,245648,6575,028,563
2022-04-19$80.08$83.0010.7%3.0%10.2%54.8%11.9%3.8%-0.0%-2.17B10.03B-26.4M4.0960.6090,303369,368669,3545,126,746
2022-04-20$80.26$83.009.6%2.7%10.0%47.7%10.9%3.7%0.2%-2.12B9.42B-24.9M4.2138.3888,557372,766725,3015,224,946
2022-04-21$79.76$83.0010.8%3.1%10.2%55.3%12.6%4.3%-0.2%-2.32B11.54B-30.3M3.4719.25101,274351,080758,1065,326,889
2022-04-22$79.41$83.0012.5%3.6%10.2%66.3%13.5%4.7%-0.6%-2.26B12.68B-31.2M4.435.8753,459236,810789,4225,360,065
2022-04-25$79.92$83.0012.5%3.6%10.4%66.3%14.2%4.2%0.0%-2.16B10.87B-28.3M9.2010.5651,120470,214756,9665,388,145
2022-04-26$79.56$83.0013.6%4.0%10.1%73.2%15.5%5.4%0.2%-2.14B11.90B-31.8M6.779.3354,895371,706775,3545,466,209
2022-04-27$79.10$83.0014.9%4.1%8.8%81.6%14.9%5.8%-0.3%-2.21B13.22B-32.2M6.524.3458,436381,049814,9655,492,752
2022-04-28$79.51$83.0012.2%3.6%9.1%64.6%13.6%4.1%-0.1%-2.28B11.66B-29.0M8.8119.0545,703402,674847,8645,723,608
2022-04-29$78.64$83.0014.1%4.2%9.7%76.7%15.2%5.4%-0.4%-2.25B14.60B-32.4M11.476.7069,367795,335876,8555,745,520