HYG Options History — February 2024

In February 2024, HYG traded between $76.62 and $77.52. ATM implied volatility averaged 8.2%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 1.8%. IV traded above realized volatility by 3.0% (HV 20d: 5.1%). Max pain ranged from $76.00 to $77.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 2.65.

Notable Days

  • 2024-02-14: Highest Volume — 612,208 contracts
  • 2024-02-21: Largest IV spike — 76.1% change
  • 2024-02-26: Highest IV Rank — 89.1%
  • 2024-02-05: Largest Expected Move — 2.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$77.13$76.62$77.52$77.52$77.25
Max Pain$76.60$76.00$77.00$76.00$77.00
ATM IV8.2%5.9%14.3%7.2%7.8%
Expected Move1.8%1.5%2.1%1.9%1.5%
HV 20d5.1%4.6%5.7%4.6%5.3%
HV 60d5.5%5.1%5.8%5.7%5.3%
IV Rank27.7%5.6%89.1%18.0%24.4%
IV Percentile44.3%4.4%99.2%32.5%51.6%
Term Structure1.3%-0.5%5.8%-0.2%2.8%
VWIV6.8%5.8%8.8%8.8%6.2%
Skew 25d1.0%-8.0%2.7%1.6%1.3%
Skew 10d2.9%-2.8%6.4%3.2%2.2%
Call IV 25d6.6%4.2%16.0%6.3%6.0%
Put IV 25d7.6%6.1%10.9%7.9%7.3%
Bid-Ask Spread %10.075.6142.007.099.66
Gamma HHI0.160.130.190.150.18
Net GEX-301.9M-1.48B248.4M102.6M-470.5M
Net DEX-294.9M-2.51B3.22B-666.5M-968.2M
Net VEX-28.6M-34.7M-24.1M-33.6M-25.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.650.687.812.260.68
Total Volume286,929.9156,537612,208267,345458,866
Total OI6,877,622.155,997,5887,791,6686,747,0596,677,778

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$77.52$76.007.2%1.9%4.6%18.0%8.8%1.6%-0.2%102.6M-666.5M-33.6M2.267.0981,887185,4581,649,7645,097,295
2024-02-02$77.15$76.007.4%2.0%4.8%19.8%8.2%1.5%-0.3%-218.5M-174.3M-31.8M3.997.5957,623229,7541,710,1185,165,056
2024-02-05$76.81$76.007.4%2.1%5.1%20.5%8.3%1.7%0.0%-589.9M1.59B-34.7M4.316.2360,583261,3821,734,9505,201,614
2024-02-06$77.10$76.007.0%1.9%4.9%16.3%6.9%1.0%-0.4%-99.9M-288.8M-29.9M1.378.1971,37197,7991,751,7175,237,616
2024-02-07$77.23$76.006.9%1.9%5.0%15.4%6.5%1.4%-0.5%78.9M-707.3M-29.3M1.456.97114,154165,7311,732,2935,282,438
2024-02-08$77.19$76.006.8%1.9%4.9%13.7%7.2%1.1%-0.1%45.9M-713.9M-29.5M3.956.2631,630124,9071,814,0445,331,580
2024-02-09$77.31$76.006.3%1.9%4.8%9.5%6.6%1.1%0.6%248.4M-1.18B-28.7M1.646.8967,845111,0111,842,0275,402,890
2024-02-12$77.23$76.006.6%1.9%4.8%12.0%6.6%1.4%0.9%91.7M-703.0M-28.4M1.866.3868,369127,2081,838,5925,418,937
2024-02-13$76.62$77.006.4%1.8%5.1%10.5%8.1%1.9%1.7%-1.48B3.22B-31.1M7.818.3057,231447,1231,854,2095,451,458
2024-02-14$76.88$77.006.4%1.8%5.1%10.3%6.5%1.1%1.7%-596.6M349.0M-27.3M5.077.03100,890511,3181,880,7425,570,835
2024-02-15$77.18$77.006.8%2.0%5.2%14.5%7.3%1.0%0.8%-177.2M-168.7M-29.9M2.255.6182,631185,5811,896,0555,797,361
2024-02-16$76.90$77.005.9%1.6%5.4%5.6%6.1%1.5%0.9%-927.9M1.04B-30.0M0.786.51185,794144,0121,898,4155,893,253
2024-02-20$77.09$77.007.4%1.7%5.4%20.6%6.4%1.6%5.8%-410.0M351.5M-30.3M0.949.47145,898136,4591,525,1994,472,389
2024-02-21$76.90$77.0013.1%1.8%5.5%77.3%6.7%1.6%3.7%-600.7M197.5M-28.5M2.1915.15101,139221,2331,640,3194,477,027
2024-02-22$77.25$77.0012.3%1.7%5.7%69.1%6.0%1.9%0.4%165.3M-2.10B-24.1M1.599.7798,487156,5541,716,6704,563,927
2024-02-23$77.37$77.008.8%1.8%5.3%34.7%5.8%2.7%1.9%203.2M-2.51B-24.7M1.2042.00124,094148,4091,764,2854,652,413
2024-02-26$77.16$77.0014.3%1.7%5.3%89.1%6.3%1.8%1.9%-296.0M-1.14B-24.3M1.6012.4063,865102,3541,706,1544,706,333
2024-02-27$77.18$77.009.8%1.6%5.3%43.9%6.1%-8.0%2.0%-612.1M-673.5M-25.1M2.3710.9369,176163,6541,754,9344,792,285
2024-02-28$77.19$77.008.3%1.5%5.3%29.2%5.8%1.0%2.2%-495.1M-653.6M-26.2M5.768.9426,182150,9361,805,4764,843,995
2024-02-29$77.25$77.007.8%1.5%5.3%24.4%6.2%1.3%2.8%-470.5M-968.2M-25.0M0.689.66273,434185,4321,814,9824,862,796