HYG Options History — November 2024

In November 2024, HYG traded between $78.75 and $80.05. ATM implied volatility averaged 4.8%, placing in the 13.1% IV rank vs the trailing year. The 30-day expected move averaged 1.4%. IV traded above realized volatility by 0.7% (HV 20d: 4.1%). Max pain ranged from $79.00 to $79.50. Net GEX was positive for 2 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 6.31.

Notable Days

2024-11-14: Highest Volume — 592,417 contracts
2024-11-29: Largest IV spike — 58.5% change
2024-11-01: Highest IV Rank — 33.2%
2024-11-01: Largest Expected Move — 2.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$79.47	$78.75	$80.05	$78.75	$80.05
Max Pain	$79.03	$79.00	$79.50	$79.50	$79.00
ATM IV	4.8%	3.3%	7.2%	7.2%	5.2%
Expected Move	1.4%	0.9%	2.1%	2.1%	0.9%
HV 20d	4.1%	3.8%	4.5%	3.9%	4.2%
HV 60d	4.0%	3.6%	4.1%	4.0%	3.6%
IV Rank	13.1%	0.5%	33.2%	33.2%	16.5%
IV Percentile	21.6%	0.4%	80.6%	80.6%	35.7%
Term Structure	0.8%	-1.2%	7.3%	0.7%	-0.4%
VWIV	5.3%	4.0%	8.0%	7.0%	4.0%
Skew 25d	1.8%	-1.7%	4.5%	4.5%	3.7%
Skew 10d	4.9%	0.3%	21.0%	7.1%	21.0%
Call IV 25d	3.6%	2.2%	5.2%	3.6%	2.5%
Put IV 25d	5.4%	2.9%	8.1%	8.1%	6.1%
Bid-Ask Spread %	19.02	6.79	53.03	16.25	8.23
Gamma HHI	0.25	0.18	0.34	0.18	0.34
Net GEX	-1.18B	-2.35B	803.0M	-1.93B	803.0M
Net DEX	1.59B	-1.08B	6.24B	6.24B	105.0M
Net VEX	-20.1M	-29.1M	-14.9M	-29.1M	-17.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	6.31	0.79	49.74	8.26	0.79
Total Volume	219,218.2	51,268	592,417	98,990	72,154
Total OI	5,223,080.6	4,685,906	6,121,279	5,130,889	5,352,159

Daily Data (20 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
2024-11-01	$78.75	$79.50	7.2%	2.1%	3.9%	33.2%	7.0%	4.5%	0.7%	-1.93B	6.24B	-29.1M	8.26	16.25	10,686	88,304	1,225,946	3,904,943
2024-11-04	$78.91	$79.00	6.0%	1.7%	3.8%	22.9%	8.0%	3.7%	0.2%	-1.75B	4.50B	-28.6M	4.82	50.81	25,872	124,579	1,166,944	3,886,681
2024-11-05	$79.18	$79.00	6.7%	1.8%	3.9%	29.1%	5.8%	1.7%	-0.3%	-1.37B	2.81B	-22.5M	1.13	53.03	113,478	128,159	1,182,880	3,836,295
2024-11-06	$79.35	$79.00	4.8%	1.4%	4.0%	12.8%	5.9%	3.5%	-0.4%	-1.22B	1.56B	-21.4M	7.14	46.29	32,049	228,719	1,203,629	3,855,512
2024-11-07	$79.62	$79.00	4.7%	1.4%	4.2%	12.2%	5.1%	3.5%	0.9%	-425.1M	37.8M	-19.8M	5.10	44.74	62,195	316,982	1,236,873	4,011,034
2024-11-08	$79.81	$79.00	4.0%	1.5%	4.2%	6.3%	4.8%	2.3%	0.1%	81.4M	-1.08B	-16.7M	5.44	7.16	20,309	110,562	1,237,581	4,066,305
2024-11-11	$79.75	$79.00	5.3%	1.4%	4.2%	16.7%	4.5%	1.1%	-1.0%	-235.5M	-539.0M	-17.2M	2.30	10.63	15,526	35,742	1,215,072	4,148,017
2024-11-12	$79.41	$79.00	4.1%	1.4%	4.5%	7.2%	4.5%	-0.2%	1.2%	-1.41B	1.00B	-17.4M	2.88	10.10	99,073	285,304	1,212,852	4,173,480
2024-11-13	$79.47	$79.00	4.5%	1.5%	4.4%	10.6%	6.0%	-1.7%	1.2%	-1.32B	1.17B	-18.9M	4.13	7.31	44,213	182,751	1,263,912	4,385,125
2024-11-14	$79.31	$79.00	3.9%	1.4%	4.3%	5.3%	6.4%	1.8%	2.2%	-2.21B	2.26B	-22.2M	7.69	10.22	68,146	524,271	1,288,362	4,545,017
2024-11-15	$79.23	$79.00	5.3%	1.6%	4.3%	16.9%	5.6%	1.3%	0.2%	-2.35B	2.43B	-19.6M	4.25	6.79	30,261	128,512	1,303,195	4,818,084
2024-11-18	$79.37	$79.00	4.5%	1.4%	4.2%	10.4%	4.8%	1.6%	-0.5%	-1.46B	1.89B	-19.6M	3.83	12.04	76,720	293,489	943,921	3,741,985
2024-11-19	$79.53	$79.00	4.7%	1.4%	4.2%	12.1%	5.1%	1.4%	-1.2%	-1.50B	1.71B	-20.4M	6.01	9.91	25,065	150,710	960,939	3,903,153
2024-11-20	$79.44	$79.00	5.1%	1.5%	4.1%	15.8%	6.3%	1.4%	-0.8%	-1.85B	2.19B	-23.0M	49.74	12.53	4,732	235,381	974,525	3,996,020
2024-11-21	$79.50	$79.00	4.5%	1.3%	4.0%	10.4%	4.5%	0.9%	-0.1%	-1.62B	1.32B	-17.7M	4.20	13.49	29,136	122,319	973,829	4,014,050
2024-11-22	$79.48	$79.00	4.0%	1.2%	4.0%	6.3%	4.5%	0.7%	-1.2%	-1.40B	826.8M	-14.9M	2.68	22.54	40,235	107,716	989,400	4,064,618
2024-11-25	$79.81	$79.00	4.1%	1.1%	4.1%	7.3%	4.1%	0.1%	5.3%	-702.2M	715.9M	-17.3M	1.32	8.89	50,608	66,631	1,012,473	4,033,411
2024-11-26	$79.66	$79.00	4.3%	1.0%	4.2%	8.7%	4.7%	1.7%	7.3%	-1.19B	1.72B	-19.4M	2.44	8.78	76,282	186,180	1,025,787	4,051,584
2024-11-27	$79.84	$79.00	3.3%	1.1%	4.2%	0.5%	4.0%	2.5%	1.9%	-465.1M	847.2M	-18.8M	2.15	20.74	54,406	116,907	1,076,556	4,179,463
2024-11-29	$80.05	$79.00	5.2%	0.9%	4.2%	16.5%	4.0%	3.7%	-0.4%	803.0M	105.0M	-17.9M	0.79	8.23	40,371	31,783	1,088,656	4,263,503