HYG Options History — April 2023

In April 2023, HYG traded between $74.47 and $75.50. ATM implied volatility averaged 9.7%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 2.7%. IV traded above realized volatility by 0.6% (HV 20d: 9.1%). Max pain ranged from $75.00 to $76.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 3.45.

Notable Days

  • 2023-04-21: Highest Volume — 846,752 contracts
  • 2023-04-28: Largest IV drop — 9.9% change
  • 2023-04-04: Highest IV Rank — 21.6%
  • 2023-04-04: Largest Expected Move — 3.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$75.01$74.47$75.50$75.25$75.38
Max Pain$75.42$75.00$76.00$75.00$76.00
ATM IV9.7%8.2%11.6%11.5%8.2%
Expected Move2.7%2.3%3.2%3.2%2.3%
HV 20d9.1%7.2%10.3%10.3%7.2%
HV 60d9.7%9.6%10.1%10.1%9.6%
IV Rank8.7%0.0%21.6%20.8%0.0%
IV Percentile8.3%0.0%28.2%25.8%0.0%
Term Structure-0.1%-0.8%0.4%-0.3%0.3%
VWIV10.5%8.0%13.3%13.3%8.0%
Skew 25d3.1%2.5%3.7%3.4%2.7%
Skew 10d6.0%4.8%7.4%6.6%5.2%
Call IV 25d8.5%7.2%10.4%9.8%7.2%
Put IV 25d11.6%9.9%13.9%13.2%9.9%
Bid-Ask Spread %4.512.347.684.214.31
Gamma HHI0.100.100.110.100.10
Net GEX-630.5M-1.06B-153.0M-421.3M-591.8M
Net DEX2.51B334.7M4.34B2.06B1.99B
Net VEX-28.0M-35.9M-23.1M-34.8M-23.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.451.136.866.182.16
Total Volume340,051147,445846,752448,163226,913
Total OI7,483,336.2115,955,8038,508,0577,471,8496,445,404

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$75.25$75.0011.5%3.2%10.3%20.8%13.3%3.4%-0.3%-421.3M2.06B-34.8M6.184.2162,381385,7821,521,5405,950,309
2023-04-04$74.94$75.0011.6%3.2%10.1%21.6%12.3%3.5%-0.2%-583.0M2.74B-35.1M2.833.52105,701299,1831,531,8505,964,485
2023-04-05$74.47$75.0011.6%3.1%10.2%21.2%11.3%3.5%-0.2%-980.0M4.34B-35.9M2.723.87100,957274,7161,587,4436,053,012
2023-04-06$74.84$75.0010.8%2.9%10.0%15.9%10.4%3.5%-0.2%-702.8M3.27B-34.2M1.625.3890,156146,3801,562,5016,129,017
2023-04-10$74.73$75.0011.1%2.9%10.0%17.7%12.1%3.7%-0.8%-752.5M3.09B-31.6M2.914.5743,375126,0461,568,1236,070,501
2023-04-11$75.00$75.0010.5%2.9%10.0%13.4%10.7%3.3%-0.4%-425.7M1.81B-29.7M2.125.2184,936179,9701,610,3056,127,465
2023-04-12$75.00$75.0010.1%2.8%10.0%11.0%11.1%3.5%-0.3%-453.1M1.69B-27.7M1.136.46241,565272,6261,614,1286,164,019
2023-04-13$75.50$75.009.6%2.8%10.0%7.3%10.4%3.0%0.4%-153.0M334.7M-26.5M3.275.0273,312239,9981,674,4396,278,612
2023-04-14$75.25$75.009.5%2.7%9.8%6.4%10.1%3.0%-0.2%-436.6M1.35B-26.7M5.247.6843,161226,2911,708,7516,401,169
2023-04-17$75.00$75.009.0%2.6%9.6%3.0%9.1%2.7%-0.1%-570.3M2.11B-24.1M1.952.8684,453164,2911,691,7816,479,097
2023-04-18$75.13$75.008.8%2.5%9.5%1.1%10.3%2.6%-0.0%-496.6M1.59B-23.5M4.532.8762,232281,8141,693,6486,531,549
2023-04-19$74.91$76.008.4%2.4%8.5%0.0%9.6%2.8%0.2%-707.6M2.65B-24.8M4.222.3477,139325,7171,690,4916,646,655
2023-04-20$74.80$76.008.7%2.5%8.5%2.1%9.8%2.9%0.0%-847.3M3.11B-25.6M1.283.38114,648146,5871,696,7636,677,247
2023-04-21$74.94$76.008.4%2.4%8.0%0.0%10.5%2.7%0.2%-300.7M2.43B-23.7M6.865.13107,717739,0351,780,6936,727,364
2023-04-24$75.22$76.008.7%2.5%8.0%2.2%10.2%2.5%0.1%-812.7M2.33B-23.1M6.594.2942,405279,6221,219,5794,736,224
2023-04-25$75.06$76.009.4%2.7%8.0%7.3%9.9%2.9%0.2%-839.5M3.29B-26.8M3.384.5287,167294,4291,254,3294,809,655
2023-04-26$74.70$76.009.8%2.9%8.2%10.2%10.1%3.5%0.1%-1.06B4.28B-28.0M1.374.6662,18085,2651,289,4424,939,115
2023-04-27$75.06$76.009.1%2.6%7.3%4.7%10.5%2.8%0.0%-850.0M3.17B-26.2M5.205.3745,587237,2321,341,2575,015,426
2023-04-28$75.38$76.008.2%2.3%7.2%0.0%8.0%2.7%0.3%-591.8M1.99B-23.1M2.164.3171,728155,1851,366,1325,079,272