HYG Options History — April 2024

In April 2024, HYG traded between $75.72 and $77.16. ATM implied volatility averaged 7.9%, placing in the 34.3% IV rank vs the trailing year. The 30-day expected move averaged 1.8%. IV traded above realized volatility by 2.3% (HV 20d: 5.6%). Max pain ranged from $77.00 to $77.50. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 3.46.

Notable Days

2024-04-16: Highest Volume — 605,813 contracts
2024-04-11: Largest IV spike — 134.0% change
2024-04-05: Highest IV Rank — 100.0%
2024-04-12: Largest Expected Move — 2.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$76.49	$75.72	$77.16	$77.05	$76.44
Max Pain	$77.02	$77.00	$77.50	$77.50	$77.00
ATM IV	7.9%	5.1%	15.3%	10.1%	5.1%
Expected Move	1.8%	1.5%	2.1%	1.6%	2.0%
HV 20d	5.6%	4.8%	6.4%	4.8%	5.8%
HV 60d	4.9%	4.7%	5.1%	4.8%	5.1%
IV Rank	34.3%	8.5%	100.0%	58.2%	8.5%
IV Percentile	43.7%	1.6%	100.0%	93.7%	1.6%
Term Structure	-0.1%	-8.1%	5.2%	3.1%	-0.0%
VWIV	6.8%	6.0%	8.1%	6.1%	7.4%
Skew 25d	1.6%	-1.8%	13.2%	2.2%	0.7%
Skew 10d	3.7%	-0.1%	8.6%	3.3%	1.4%
Call IV 25d	6.2%	4.0%	9.1%	6.4%	5.5%
Put IV 25d	7.8%	4.9%	19.9%	8.6%	6.1%
Bid-Ask Spread %	28.05	7.55	106.20	9.56	12.08
Gamma HHI	0.20	0.13	0.47	0.18	0.15
Net GEX	-1.85B	-5.05B	-836.2M	-836.2M	-1.39B
Net DEX	3.79B	709.9M	8.51B	1.16B	3.04B
Net VEX	-29.9M	-34.1M	-24.2M	-28.3M	-29.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.46	1.18	9.76	2.38	2.07
Total Volume	335,439.773	145,400	605,813	344,023	518,765
Total OI	6,517,608.364	5,704,737	7,593,183	6,109,266	6,023,564

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2024-04-01	$77.05	$77.50	10.1%	1.6%	4.8%	58.2%	6.1%	2.2%	3.1%	-836.2M	1.16B	-28.3M	2.38	9.56	101,869	242,154	1,566,809	4,542,457
2024-04-02	$76.84	$77.00	9.7%	1.5%	4.8%	54.5%	6.6%	-1.3%	1.6%	-1.30B	2.19B	-30.7M	6.27	7.55	69,118	433,364	1,606,714	4,653,374
2024-04-03	$76.97	$77.00	6.2%	1.6%	4.9%	20.3%	6.0%	-1.8%	-0.1%	-1.19B	2.22B	-28.7M	2.13	8.03	88,270	188,427	1,643,681	4,744,937
2024-04-04	$76.84	$77.00	6.7%	1.6%	4.9%	25.5%	6.6%	0.5%	0.2%	-1.56B	2.81B	-32.8M	5.64	88.04	26,894	151,632	1,647,929	4,842,786
2024-04-05	$76.81	$77.00	15.3%	1.6%	4.8%	100.0%	7.5%	13.2%	-0.9%	-1.39B	2.74B	-30.1M	3.77	106.20	52,473	197,866	1,665,910	4,869,068
2024-04-08	$76.97	$77.00	6.1%	1.6%	4.9%	17.7%	6.1%	2.4%	-0.4%	-1.40B	2.42B	-28.0M	2.48	11.57	82,955	205,454	1,676,576	4,920,156
2024-04-09	$77.16	$77.00	12.4%	1.5%	5.0%	74.6%	6.1%	-0.5%	-7.4%	-1.03B	1.61B	-29.9M	4.97	14.97	42,173	209,546	1,712,537	4,997,235
2024-04-10	$76.45	$77.00	6.2%	2.0%	5.9%	18.1%	6.9%	1.1%	0.7%	-2.49B	5.54B	-30.5M	4.83	14.25	62,266	300,988	1,752,914	5,056,726
2024-04-11	$76.47	$77.00	14.5%	2.0%	5.9%	92.8%	7.4%	0.4%	-8.1%	-2.39B	5.22B	-29.2M	3.32	23.33	106,255	352,380	1,772,143	5,030,146
2024-04-12	$76.38	$77.00	9.3%	2.1%	5.7%	45.9%	7.5%	-0.4%	2.8%	-2.36B	5.85B	-30.6M	3.36	20.05	41,194	138,303	1,812,742	5,115,418
2024-04-15	$75.90	$77.00	8.8%	2.1%	6.0%	41.9%	7.5%	2.4%	-2.2%	-2.56B	7.54B	-31.8M	4.69	98.64	55,850	261,746	1,847,566	5,128,023
2024-04-16	$75.72	$77.00	7.6%	2.1%	6.0%	30.8%	8.1%	2.5%	5.2%	-2.91B	8.51B	-34.0M	9.76	24.55	56,291	549,522	1,868,244	5,164,685
2024-04-17	$75.78	$77.00	7.1%	2.0%	5.8%	26.3%	7.7%	1.9%	0.8%	-3.00B	8.40B	-34.1M	2.04	97.55	116,948	237,995	1,918,582	5,393,238
2024-04-18	$75.85	$77.00	6.8%	2.0%	5.6%	23.6%	7.4%	2.1%	-0.7%	-3.13B	7.71B	-33.1M	3.39	12.84	123,339	417,524	2,003,630	5,470,643
2024-04-19	$75.94	$77.00	6.6%	1.9%	5.6%	22.0%	7.0%	1.2%	0.9%	-5.05B	6.85B	-31.7M	2.78	8.43	135,833	377,302	2,061,541	5,531,642
2024-04-22	$76.40	$77.00	5.9%	1.8%	6.2%	15.4%	6.0%	0.6%	1.9%	-1.15B	2.14B	-27.4M	1.20	11.00	105,172	125,965	1,518,371	4,186,366
2024-04-23	$76.69	$77.00	5.7%	1.7%	6.4%	13.9%	6.2%	-0.4%	1.4%	-935.2M	849.4M	-26.6M	4.48	8.69	50,340	225,385	1,559,732	4,176,868
2024-04-24	$76.53	$77.00	6.7%	1.7%	6.4%	22.6%	6.0%	1.5%	-0.3%	-1.11B	1.44B	-26.1M	1.39	9.16	85,631	118,715	1,589,016	4,296,423
2024-04-25	$76.32	$77.00	6.2%	1.8%	6.2%	18.2%	7.1%	1.0%	-0.5%	-1.47B	3.23B	-32.3M	2.00	11.07	85,646	171,494	1,662,859	4,326,935
2024-04-26	$76.56	$77.00	5.8%	1.6%	6.4%	14.8%	6.0%	3.0%	-0.0%	-883.8M	1.21B	-28.2M	1.97	9.77	48,922	96,478	1,682,109	4,389,563
2024-04-29	$76.78	$77.00	5.1%	1.6%	5.6%	8.5%	6.5%	2.6%	0.5%	-1.06B	709.9M	-24.2M	1.18	9.87	147,467	173,764	1,657,319	4,300,207
2024-04-30	$76.44	$77.00	5.1%	2.0%	5.8%	8.5%	7.4%	0.7%	-0.0%	-1.39B	3.04B	-29.5M	2.07	12.08	168,822	349,943	1,658,748	4,364,816