HYG Options History — August 2024

In August 2024, HYG traded between $77.22 and $79.37. ATM implied volatility averaged 5.6%, placing in the 19.4% IV rank vs the trailing year. The 30-day expected move averaged 1.5%. IV traded above realized volatility by 0.2% (HV 20d: 5.3%). Max pain ranged from $78.00 to $78.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 6.03.

Notable Days

  • 2024-08-05: Highest Volume — 694,592 contracts
  • 2024-08-05: Largest IV spike — 29.5% change
  • 2024-08-05: Highest IV Rank — 48.0%
  • 2024-08-05: Largest Expected Move — 2.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$78.54$77.22$79.37$78.00$79.28
Max Pain$78.00$78.00$78.00$78.00$78.00
ATM IV5.6%4.2%9.0%6.2%4.4%
Expected Move1.5%0.9%2.5%1.5%1.2%
HV 20d5.3%4.6%5.7%4.6%4.6%
HV 60d4.6%4.2%4.7%4.2%4.5%
IV Rank19.4%8.0%48.0%24.8%9.7%
IV Percentile25.9%2.0%89.3%36.1%4.4%
Term Structure0.3%-1.2%2.4%-0.6%0.9%
VWIV6.6%4.9%10.7%5.3%6.5%
Skew 25d1.5%-1.0%4.5%2.5%0.8%
Skew 10d2.2%-0.8%6.0%1.8%3.1%
Call IV 25d4.4%2.9%7.3%4.4%3.6%
Put IV 25d6.0%3.3%10.5%6.9%4.4%
Bid-Ask Spread %8.254.2817.354.287.56
Gamma HHI0.180.150.250.150.19
Net GEX-539.0M-2.13B592.5M-944.1M5.2M
Net DEX265.6M-2.44B6.39B1.43B-1.70B
Net VEX-21.1M-33.4M-14.4M-22.9M-17.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.031.2317.541.232.14
Total Volume317,336.136100,562694,592308,374292,103
Total OI5,841,269.8645,037,0987,064,4105,119,8065,795,280

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-08-01$78.00$78.006.2%1.5%4.6%24.8%5.3%2.5%-0.6%-944.1M1.43B-22.9M1.234.28138,407169,967841,7564,278,050
2024-08-02$77.78$78.007.0%1.7%4.6%31.0%7.8%1.2%0.7%-1.44B3.19B-27.1M5.355.8385,113455,109964,8594,362,375
2024-08-05$77.22$78.009.0%2.5%5.3%48.0%10.7%3.2%-0.1%-2.13B6.39B-33.4M17.5411.0637,472657,1201,022,8284,725,848
2024-08-06$77.66$78.007.4%1.8%5.7%34.9%8.9%3.7%-0.6%-1.72B4.15B-30.1M4.2010.7163,755267,6481,048,4224,769,057
2024-08-07$77.73$78.008.4%1.8%5.6%43.1%8.9%2.0%-0.9%-1.71B3.74B-28.2M10.8611.4145,256491,5291,079,6824,896,873
2024-08-08$77.93$78.006.6%1.8%5.5%28.0%8.1%1.2%0.4%-1.43B2.90B-27.3M3.659.4557,102208,3951,079,8815,040,159
2024-08-09$77.91$78.005.7%1.7%5.4%20.6%8.0%0.2%1.2%-1.47B2.68B-27.3M4.657.8333,298154,7021,101,2875,166,773
2024-08-12$77.93$78.005.6%1.6%5.4%19.5%8.9%4.5%0.2%-1.69B2.73B-24.5M4.3517.3552,449228,0541,116,9535,187,283
2024-08-13$78.31$78.005.1%1.7%5.5%15.9%7.0%3.8%0.4%-678.6M184.5M-19.1M10.017.2334,437344,6491,141,0315,401,056
2024-08-14$78.47$78.005.3%1.5%5.5%16.9%6.0%1.5%0.1%-345.4M-371.3M-18.8M2.297.0384,247192,7091,166,2185,539,131
2024-08-15$78.59$78.005.1%1.3%5.4%15.1%5.9%1.7%-1.2%-38.7M-1.17B-18.8M12.327.4136,614451,1951,203,4615,610,460
2024-08-16$78.82$78.004.2%1.2%5.5%8.0%5.6%-0.2%0.2%592.5M-1.82B-18.7M3.007.67105,833317,3331,222,5165,841,894
2024-08-19$78.95$78.004.2%1.2%5.4%8.0%5.2%1.3%0.3%-77.0M-1.32B-16.8M2.977.2282,649245,470882,8434,154,255
2024-08-20$78.87$78.004.7%1.3%5.4%12.1%5.6%1.6%0.4%-64.7M-995.9M-17.8M10.427.6133,669350,955928,9714,239,336
2024-08-21$79.06$78.004.7%1.3%5.3%12.1%5.2%1.5%0.4%401.9M-2.08B-14.4M1.616.3766,488107,126952,6684,302,290
2024-08-22$78.94$78.004.9%1.4%5.4%13.4%5.2%1.2%0.3%-139.3M-1.34B-18.0M3.756.5640,836153,256999,3494,406,547
2024-08-23$79.37$78.004.5%1.2%5.6%10.2%5.5%1.6%0.4%289.9M-2.37B-17.4M1.387.3778,536108,0911,014,2344,451,261
2024-08-26$79.25$78.005.1%1.3%5.7%15.9%4.9%0.5%0.4%368.6M-2.44B-15.5M7.338.1228,556209,2251,028,0994,490,563
2024-08-27$79.31$78.004.6%1.2%5.7%11.4%5.0%-1.0%0.5%197.6M-2.22B-16.4M9.138.2912,280112,1611,026,0814,598,079
2024-08-28$79.25$78.005.0%1.3%5.5%14.8%5.1%0.8%0.1%93.5M-1.90B-17.1M11.527.7819,731227,3081,028,1484,630,086
2024-08-29$79.31$78.004.8%0.9%4.8%12.5%5.7%0.4%2.4%74.5M-1.84B-17.3M3.047.3424,88175,6811,037,0544,734,940
2024-08-30$79.28$78.004.4%1.2%4.6%9.7%6.5%0.8%0.9%5.2M-1.70B-17.0M2.147.5692,998199,1051,047,2354,748,045