HYG Options History — October 2024

In October 2024, HYG traded between $79.16 and $79.91. ATM implied volatility averaged 5.7%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 1.6%. IV traded above realized volatility by 2.2% (HV 20d: 3.5%). Max pain ranged from $79.00 to $80.00. Net GEX was positive for 1 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 3.72.

Notable Days

2024-10-17: Highest Volume — 554,060 contracts
2024-10-11: Largest IV spike — 67.1% change
2024-10-11: Highest IV Rank — 66.1%
2024-10-09: Largest Expected Move — 1.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$79.51	$79.16	$79.91	$79.91	$79.22
Max Pain	$79.15	$79.00	$80.00	$80.00	$79.50
ATM IV	5.7%	3.8%	11.2%	6.9%	6.2%
Expected Move	1.6%	1.3%	1.9%	1.3%	1.8%
HV 20d	3.5%	3.3%	3.8%	3.5%	3.4%
HV 60d	4.4%	3.8%	4.6%	4.6%	3.8%
IV Rank	20.3%	4.6%	66.1%	30.3%	25.0%
IV Percentile	35.6%	0.8%	97.2%	67.1%	56.0%
Term Structure	-0.4%	-8.0%	2.5%	-0.6%	-1.4%
VWIV	6.2%	5.3%	7.3%	5.6%	6.8%
Skew 25d	1.2%	-3.2%	3.7%	0.4%	2.5%
Skew 10d	3.6%	0.1%	18.1%	0.8%	18.1%
Call IV 25d	5.5%	2.8%	14.3%	4.8%	2.8%
Put IV 25d	6.7%	4.0%	17.5%	5.2%	5.4%
Bid-Ask Spread %	28.48	10.09	45.03	22.62	16.40
Gamma HHI	0.22	0.14	0.36	0.15	0.23
Net GEX	-1.45B	-2.68B	1.12B	-618.0M	-2.68B
Net DEX	1.97B	-219.4M	3.68B	392.8M	3.68B
Net VEX	-20.9M	-24.6M	-15.8M	-20.7M	-22.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.72	0.89	12.94	3.13	2.24
Total Volume	261,127	43,342	554,060	373,879	186,051
Total OI	5,116,709.87	4,043,769	6,157,059	4,793,177	5,038,037

Daily Data (23 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
2024-10-01	$79.91	$80.00	6.9%	1.3%	3.5%	30.3%	5.6%	0.4%	-0.6%	-618.0M	392.8M	-20.7M	3.13	22.62	90,482	283,397	882,823	3,910,354
2024-10-02	$79.87	$80.00	4.9%	1.4%	3.3%	13.6%	6.6%	-0.1%	2.1%	-777.1M	517.9M	-21.3M	1.07	18.72	188,393	202,042	924,559	3,996,678
2024-10-03	$79.68	$79.00	7.0%	1.5%	3.3%	30.8%	6.1%	2.5%	-1.2%	-999.0M	1.59B	-23.2M	1.46	30.84	23,561	34,420	1,080,866	4,115,079
2024-10-04	$79.60	$79.00	4.3%	1.6%	3.3%	8.9%	6.9%	1.3%	0.6%	-1.10B	1.89B	-23.3M	2.37	36.72	97,804	231,777	1,087,608	4,147,539
2024-10-07	$79.28	$79.00	6.2%	1.8%	3.6%	24.5%	6.4%	-1.0%	0.4%	-1.75B	3.19B	-22.5M	2.18	45.03	154,780	337,886	1,145,995	4,253,363
2024-10-08	$79.44	$79.00	6.6%	1.8%	3.6%	27.8%	7.3%	2.3%	-0.6%	-1.31B	1.93B	-20.8M	2.52	38.71	25,673	64,813	1,167,505	4,195,909
2024-10-09	$79.38	$79.00	5.6%	1.9%	3.6%	19.7%	7.2%	0.7%	0.9%	-1.65B	2.30B	-20.5M	12.94	34.33	15,599	201,876	1,198,436	4,204,975
2024-10-10	$79.37	$79.00	6.7%	1.7%	3.5%	28.7%	6.4%	2.6%	-0.5%	-1.83B	2.39B	-20.5M	6.38	29.95	16,713	106,635	1,211,531	4,326,365
2024-10-11	$79.53	$79.00	11.2%	1.6%	3.4%	66.1%	5.9%	3.1%	-8.0%	-1.26B	1.08B	-17.4M	1.08	30.41	21,819	23,476	1,225,445	4,320,981
2024-10-14	$79.60	$79.00	5.1%	1.4%	3.3%	15.1%	5.9%	2.5%	2.5%	-1.16B	1.17B	-18.9M	5.17	36.00	7,019	36,323	1,226,616	4,318,588
2024-10-15	$79.60	$79.00	5.8%	1.6%	3.3%	21.5%	6.7%	2.4%	-0.5%	-1.11B	1.13B	-17.6M	3.26	34.06	51,528	168,231	1,233,785	4,336,747
2024-10-16	$79.80	$79.00	5.5%	1.6%	3.4%	18.9%	5.7%	1.3%	-2.9%	1.12B	-219.4M	-15.8M	3.20	34.95	44,879	143,624	1,303,330	4,430,099
2024-10-17	$79.59	$79.00	4.7%	1.3%	3.3%	12.0%	5.4%	0.9%	-1.0%	-1.17B	695.0M	-16.6M	3.70	34.06	117,844	436,216	1,321,217	4,529,675
2024-10-18	$79.75	$79.00	5.2%	1.3%	3.4%	16.0%	5.9%	1.1%	1.7%	-816.4M	1.01B	-21.4M	3.13	26.64	93,650	293,547	1,405,696	4,751,363
2024-10-21	$79.48	$79.00	3.8%	1.5%	3.5%	4.6%	5.3%	2.4%	-0.7%	-1.38B	2.31B	-22.7M	7.26	31.17	29,920	217,234	970,421	3,073,348
2024-10-22	$79.43	$79.00	4.3%	1.5%	3.5%	8.7%	5.4%	3.7%	-1.1%	-1.96B	2.34B	-20.3M	0.89	31.59	287,735	255,690	997,396	3,218,723
2024-10-23	$79.16	$79.00	4.5%	1.7%	3.7%	10.9%	6.4%	0.7%	0.0%	-2.04B	3.28B	-20.6M	5.79	25.49	49,808	288,467	1,033,299	3,339,601
2024-10-24	$79.35	$79.00	4.7%	1.7%	3.8%	11.9%	6.5%	-0.3%	-0.5%	-1.99B	3.11B	-24.6M	4.21	20.84	68,369	287,614	1,051,608	3,414,592
2024-10-25	$79.28	$79.00	5.3%	1.5%	3.6%	17.1%	6.1%	-3.2%	0.4%	-2.32B	3.32B	-22.5M	3.02	19.19	41,357	125,090	1,108,941	3,596,689
2024-10-28	$79.48	$79.00	5.9%	1.6%	3.7%	22.0%	5.5%	1.1%	1.7%	-1.73B	2.49B	-22.5M	3.28	23.60	26,712	87,712	1,126,312	3,609,647
2024-10-29	$79.50	$79.50	5.6%	1.4%	3.4%	19.5%	5.8%	-0.7%	-1.6%	-2.15B	2.25B	-21.5M	3.52	23.59	65,659	231,365	1,152,268	3,646,547
2024-10-30	$79.38	$79.50	4.8%	1.5%	3.4%	13.2%	5.9%	1.9%	1.4%	-2.62B	3.50B	-24.3M	3.83	10.09	50,326	192,805	1,182,483	3,871,288
2024-10-31	$79.22	$79.50	6.2%	1.8%	3.4%	25.0%	6.8%	2.5%	-1.4%	-2.68B	3.68B	-22.0M	2.24	16.40	57,375	128,676	1,210,134	3,827,903