HYG Options History — July 2024

In July 2024, HYG traded between $76.72 and $78.56. ATM implied volatility averaged 5.6%, placing in the 19.8% IV rank vs the trailing year. The 30-day expected move averaged 1.3%. IV traded above realized volatility by 1.4% (HV 20d: 4.3%). Max pain ranged from $77.00 to $77.50. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 4.37.

Notable Days

  • 2024-07-31: Highest Volume — 583,846 contracts
  • 2024-07-24: Largest IV spike — 165.1% change
  • 2024-07-24: Highest IV Rank — 98.4%
  • 2024-07-30: Largest Expected Move — 1.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$77.85$76.72$78.56$76.72$78.56
Max Pain$77.09$77.00$77.50$77.00$77.50
ATM IV5.6%4.1%15.1%5.8%4.8%
Expected Move1.3%1.0%1.6%1.3%1.1%
HV 20d4.3%3.6%4.5%4.1%3.7%
HV 60d4.3%3.9%4.8%4.7%3.9%
IV Rank19.8%7.2%98.4%21.6%13.1%
IV Percentile19.2%0.8%99.6%20.6%9.9%
Term Structure0.8%-1.6%6.1%-0.8%1.0%
VWIV4.8%3.4%5.7%4.3%4.1%
Skew 25d1.0%-2.5%6.2%1.9%1.9%
Skew 10d2.5%-2.1%17.4%0.6%-0.5%
Call IV 25d4.6%2.7%11.7%3.6%3.2%
Put IV 25d5.5%3.7%9.2%5.5%5.1%
Bid-Ask Spread %18.083.6694.626.606.50
Gamma HHI0.210.160.340.200.17
Net GEX-377.0M-1.51B885.0M-1.51B-439.4M
Net DEX-947.2M-3.74B2.84B2.84B-2.25B
Net VEX-17.3M-24.8M-11.3M-24.8M-13.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.370.8111.302.211.17
Total Volume248,270.59183,678583,846120,468583,846
Total OI5,130,888.7274,300,0006,047,2424,885,9075,078,664

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-07-01$76.72$77.005.8%1.3%4.1%21.6%4.3%1.9%-0.8%-1.51B2.84B-24.8M2.216.6037,49082,978890,8153,995,092
2024-07-02$76.91$77.004.7%1.1%4.2%12.1%3.9%6.2%-0.3%-1.24B1.87B-21.9M4.726.1363,451299,773895,6474,026,885
2024-07-03$77.16$77.004.5%1.0%4.3%10.5%3.4%-0.6%-0.0%-1.03B830.0M-21.3M7.436.199,93073,748884,7224,230,142
2024-07-05$77.44$77.005.1%1.3%4.4%15.5%4.8%-0.4%-1.6%-348.4M-121.8M-19.9M2.938.1727,50680,483879,5374,269,267
2024-07-08$77.40$77.005.3%1.4%4.4%17.0%5.0%0.8%-0.3%-655.6M40.4M-19.5M11.3094.4211,564130,680875,6704,256,046
2024-07-09$77.31$77.004.1%1.3%4.3%7.2%4.8%0.4%1.1%-1.08B377.8M-19.0M2.0094.6289,941180,224869,4704,335,577
2024-07-10$77.47$77.005.0%1.5%4.3%14.6%5.5%2.0%0.8%-707.6M35.2M-20.1M5.9245.3850,985301,667926,5094,430,919
2024-07-11$77.78$77.004.2%1.3%4.5%7.9%4.8%2.0%0.5%-35.9M-998.8M-19.1M3.147.1441,383129,808936,9604,502,895
2024-07-12$78.00$77.005.0%1.3%4.3%14.8%4.6%0.4%-0.5%469.0M-2.74B-14.0M0.814.65155,449125,758990,7164,594,472
2024-07-15$77.95$77.004.5%1.3%4.3%10.1%4.8%2.1%-0.1%319.1M-2.39B-15.3M1.855.1951,44995,1071,041,6714,552,678
2024-07-16$78.31$77.004.5%1.3%4.2%10.6%4.8%1.1%-0.4%573.8M-3.74B-11.3M2.323.6679,473184,1901,044,9354,538,597
2024-07-17$78.18$77.004.7%1.3%4.2%11.9%4.7%0.6%0.1%687.0M-3.15B-14.2M4.454.2635,928160,0391,098,9124,577,935
2024-07-18$78.00$77.004.8%1.4%4.3%13.0%5.5%2.5%0.2%618.5M-2.36B-16.7M2.304.37157,814363,6311,117,2544,674,344
2024-07-19$77.97$77.004.7%1.3%4.2%11.7%5.1%1.2%0.3%885.0M-1.80B-17.3M4.654.1734,191158,9721,141,8614,905,381
2024-07-22$78.25$77.006.3%1.3%4.4%25.8%4.9%-0.5%5.1%-197.8M-1.45B-15.0M5.377.1028,192151,364806,2063,493,794
2024-07-23$78.32$77.005.7%1.3%4.3%20.3%4.7%-0.8%5.8%-206.6M-1.96B-13.6M5.575.7068,938384,195823,7213,565,650
2024-07-24$78.09$77.0015.1%1.4%4.5%98.4%5.4%-2.5%-0.7%-660.9M-679.2M-17.1M7.4459.1829,364218,351853,4693,632,229
2024-07-25$78.16$77.007.8%1.5%4.4%37.8%5.4%-0.5%6.1%-914.1M-622.6M-16.8M7.275.9212,44290,433891,2973,781,649
2024-07-26$78.30$77.505.7%1.3%4.4%20.0%4.6%1.4%0.7%-716.2M-789.1M-18.1M8.626.9522,158190,964888,9553,838,646
2024-07-29$78.23$77.505.5%1.5%4.5%18.7%5.7%0.3%0.8%-1.08B-926.3M-15.5M1.235.3672,71489,257871,1543,964,797
2024-07-30$78.25$77.506.1%1.6%3.6%24.0%5.7%1.4%-0.7%-1.02B-870.4M-15.7M3.396.0069,682236,441916,3693,988,043
2024-07-31$78.56$77.504.8%1.1%3.7%13.1%4.1%1.9%1.0%-439.4M-2.25B-13.5M1.176.50268,483315,363951,4034,127,261