HYG Options History — August 2023

In August 2023, HYG traded between $73.94 and $75.35. ATM implied volatility averaged 7.9%, placing in the 15.2% IV rank vs the trailing year. The 30-day expected move averaged 2.1%. IV traded above realized volatility by 0.3% (HV 20d: 7.6%). Max pain ranged from $75.00 to $75.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 7.42.

Notable Days

  • 2023-08-01: Highest Volume — 575,077 contracts
  • 2023-08-16: Largest IV spike — 20.3% change
  • 2023-08-03: Highest IV Rank — 24.7%
  • 2023-08-16: Largest Expected Move — 2.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$74.65$73.94$75.35$74.69$75.35
Max Pain$75.00$75.00$75.00$75.00$75.00
ATM IV7.9%6.3%9.2%8.2%6.3%
Expected Move2.1%1.6%2.6%2.2%1.6%
HV 20d7.6%6.2%9.0%9.0%6.2%
HV 60d7.2%7.0%7.4%7.4%7.2%
IV Rank15.2%3.8%24.7%17.3%3.8%
IV Percentile15.8%2.8%29.0%16.7%2.8%
Term Structure-0.1%-0.8%0.9%-0.6%0.1%
VWIV8.4%6.0%11.3%8.3%6.0%
Skew 25d2.5%1.6%3.6%2.0%1.6%
Skew 10d4.9%3.0%7.0%4.2%3.0%
Call IV 25d6.9%5.8%8.1%7.1%5.9%
Put IV 25d9.4%7.4%11.2%9.1%7.5%
Bid-Ask Spread %7.332.1419.142.1611.19
Gamma HHI0.170.120.400.120.20
Net GEX-1.62B-4.07B-462.8M-1.18B-617.2M
Net DEX4.46B72.4M9.08B4.04B72.4M
Net VEX-34.0M-42.4M-19.8M-35.5M-19.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.420.5275.0713.790.84
Total Volume310,055.174109,803575,077575,077450,920
Total OI7,536,854.0436,941,5118,259,4976,941,5117,721,415

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$74.69$75.008.2%2.2%9.0%17.3%8.3%2.0%-0.6%-1.18B4.04B-35.5M13.792.1638,893536,1841,367,2615,574,250
2023-08-02$74.47$75.008.9%2.3%9.0%22.2%7.7%2.4%-0.5%-1.51B5.60B-41.2M1.752.14142,947250,4161,391,3165,796,283
2023-08-03$74.23$75.009.2%2.5%8.6%24.7%9.5%2.5%-0.5%-1.71B6.59B-42.4M2.114.55109,645231,1511,447,8875,906,661
2023-08-04$74.66$75.008.9%2.2%8.8%22.3%9.5%2.5%-0.4%-1.35B4.67B-40.0M5.668.7542,663241,4301,425,0506,028,180
2023-08-07$74.77$75.008.2%2.2%8.8%17.1%8.3%2.5%-0.2%-1.33B4.46B-39.2M2.255.46125,812282,8911,423,2766,132,340
2023-08-08$74.94$75.008.3%2.2%8.6%17.8%10.0%2.6%-0.4%-1.15B4.10B-38.0M75.077.354,433332,7641,371,4816,095,613
2023-08-09$74.94$75.008.1%2.2%7.9%16.7%8.3%2.4%-0.5%-1.18B3.88B-37.2M1.084.55117,534127,2531,381,4416,205,739
2023-08-10$74.90$75.007.8%2.2%7.6%14.4%9.8%2.8%-0.1%-1.30B4.08B-36.4M8.194.9529,913245,0951,459,2656,215,968
2023-08-11$74.73$75.007.8%2.1%7.1%14.7%8.5%2.7%-0.7%-1.57B5.04B-37.6M3.345.3058,027193,6401,466,5866,320,864
2023-08-14$74.81$75.007.5%2.1%7.0%12.3%9.9%2.9%0.1%-1.61B4.61B-35.1M2.415.7359,988144,4701,469,6666,328,018
2023-08-15$74.59$75.007.5%2.1%7.0%12.7%9.2%2.9%0.9%-1.89B5.24B-35.0M11.914.6518,244217,2851,523,8286,385,158
2023-08-16$74.41$75.009.0%2.6%7.0%23.4%11.3%3.6%-0.8%-2.23B6.90B-38.7M6.035.9928,070169,1571,532,1406,486,390
2023-08-17$73.94$75.008.7%2.5%7.1%20.8%9.4%3.4%-0.1%-3.15B9.08B-37.9M3.6210.4597,967354,9281,561,3116,584,723
2023-08-18$74.13$75.008.0%2.3%7.1%15.8%7.8%2.6%0.2%-4.07B7.24B-36.2M4.9519.1452,782261,0841,635,3446,624,153
2023-08-21$74.12$75.008.0%2.2%7.1%16.0%8.8%2.6%-0.0%-1.87B5.71B-32.8M7.2618.8333,457243,0461,317,2405,677,339
2023-08-22$74.12$75.007.9%2.2%7.1%15.5%7.8%2.7%0.1%-1.96B5.94B-32.8M0.524.9972,35737,4461,334,1015,815,801
2023-08-23$74.75$75.007.8%2.2%7.6%14.4%7.8%2.9%0.1%-1.45B3.43B-31.0M3.595.0646,764168,0071,384,5385,841,449
2023-08-24$74.23$75.008.1%2.2%7.4%16.7%8.6%2.5%0.2%-2.03B5.35B-31.9M1.905.03125,744238,9181,392,6645,820,852
2023-08-25$74.62$75.007.4%2.0%7.4%11.8%6.8%2.0%0.1%-1.54B3.47B-29.6M1.755.1395,097166,2011,462,9085,917,189
2023-08-28$74.91$75.006.7%1.8%7.4%6.8%6.5%2.0%0.3%-1.24B2.08B-25.9M2.844.8784,184239,2671,489,5385,903,692
2023-08-29$75.34$75.006.3%1.6%6.5%4.4%6.3%1.7%0.4%-462.8M106.6M-22.9M2.534.4894,306238,4531,539,9585,983,794
2023-08-30$75.28$75.006.9%2.0%6.4%8.6%7.7%1.6%-0.5%-868.3M937.3M-25.0M7.2117.9234,394248,0421,570,9796,033,994
2023-08-31$75.35$75.006.3%1.6%6.2%3.8%6.0%1.6%0.1%-617.2M72.4M-19.8M0.8411.19245,119205,8011,577,1526,144,263