HYG Options History — June 2025

In June 2025, HYG traded between $79.15 and $80.59. ATM implied volatility averaged 5.1%, placing in the 17.8% IV rank vs the trailing year. The 30-day expected move averaged 1.4%. IV traded above realized volatility by 0.9% (HV 20d: 4.2%). Max pain ranged from $79.00 to $80.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 5.45.

Notable Days

  • 2025-06-04: Highest Volume — 1,020,130 contracts
  • 2025-06-18: Largest IV drop — 25.6% change
  • 2025-06-02: Highest IV Rank — 27.7%
  • 2025-06-05: Largest Expected Move — 1.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$79.69$79.15$80.59$79.15$80.59
Max Pain$79.20$79.00$80.00$79.00$80.00
ATM IV5.1%3.9%6.6%6.6%3.9%
Expected Move1.4%1.1%1.8%1.8%1.1%
HV 20d4.2%3.3%5.1%5.0%3.5%
HV 60d9.6%9.6%9.8%9.8%9.6%
IV Rank17.8%9.9%27.7%27.7%9.9%
IV Percentile41.9%6.0%77.8%77.8%6.0%
Term Structure0.3%-0.8%1.9%-0.1%1.9%
VWIV6.0%4.2%7.5%7.2%4.4%
Skew 25d2.4%0.3%3.4%3.4%0.3%
Skew 10d4.5%-0.3%6.9%6.9%-0.3%
Call IV 25d4.2%3.5%5.5%5.5%4.4%
Put IV 25d6.6%4.6%8.8%8.8%4.6%
Bid-Ask Spread %6.974.5911.265.595.29
Gamma HHI0.180.150.260.150.20
Net GEX-330.9M-1.37B979.8M-833.4M979.8M
Net DEX342.6M-3.02B2.72B2.60B-3.02B
Net VEX-24.3M-35.8M-10.5M-33.8M-10.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.450.5912.935.001.14
Total Volume345,454.5143,3471,020,130165,087910,670
Total OI7,682,208.56,257,2908,842,7867,140,6906,675,695

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-06-02$79.15$79.006.6%1.8%5.0%27.7%7.2%3.4%-0.1%-833.4M2.60B-33.8M5.005.5927,521137,5661,232,0655,908,625
2025-06-03$79.32$79.005.8%1.5%5.1%22.6%6.5%2.7%-0.2%-332.3M1.62B-32.1M5.156.6233,041170,0321,252,9405,970,146
2025-06-04$79.47$79.005.8%1.5%5.1%22.3%6.9%2.3%-0.3%-64.0M914.8M-30.6M4.715.60178,544841,5861,259,3356,016,569
2025-06-05$79.32$79.005.7%1.8%5.1%21.7%7.5%3.1%-0.1%-698.6M2.33B-35.8M11.216.7837,510420,5171,394,5266,451,548
2025-06-06$79.30$79.005.2%1.7%5.1%18.6%7.4%2.1%-0.2%-965.2M2.25B-31.4M5.565.4763,551353,2041,421,3526,835,905
2025-06-09$79.38$79.005.2%1.6%5.1%18.6%6.4%2.5%0.9%-895.7M1.90B-31.1M4.654.5938,001176,8491,334,1746,789,480
2025-06-10$79.55$79.005.3%1.4%4.1%19.2%6.9%2.2%-0.8%-310.0M1.00B-30.4M5.826.7154,705318,4661,354,3836,891,443
2025-06-11$79.53$79.005.2%1.4%4.1%18.7%5.9%2.5%-0.7%-580.5M1.01B-27.9M1.2211.2679,47497,2251,350,5977,081,796
2025-06-12$79.53$79.005.0%1.3%3.8%17.5%6.0%2.4%-0.6%-429.1M710.8M-26.3M8.8111.0320,771182,8961,406,4097,131,560
2025-06-13$79.32$79.005.8%1.8%3.9%22.3%7.3%3.3%0.9%-1.37B2.72B-32.9M1.6510.9154,05289,2951,406,9307,183,623
2025-06-16$79.55$79.005.1%1.4%4.0%17.7%6.5%3.1%1.0%-710.0M1.10B-25.9M12.936.5915,811204,4931,355,3837,172,664
2025-06-17$79.45$79.006.3%1.8%4.1%25.5%7.4%3.2%-0.8%-1.19B1.98B-28.3M8.598.2931,246268,3081,362,7677,208,096
2025-06-18$79.57$79.004.7%1.3%4.1%15.0%6.0%3.0%1.2%-877.7M789.1M-22.9M7.076.6051,490363,9861,366,5237,203,670
2025-06-20$79.78$79.004.4%1.3%3.6%13.6%4.9%2.9%0.4%-441.7M-641.9M-19.7M0.596.34138,66481,7491,400,6487,442,138
2025-06-23$79.93$79.004.7%1.3%3.7%15.3%4.8%2.1%0.5%-166.2M-698.6M-16.3M3.535.9952,446185,098916,8965,340,394
2025-06-24$80.19$79.004.6%1.3%3.8%14.7%4.9%1.8%0.2%571.6M-2.27B-13.1M9.077.5947,487430,553965,6495,473,136
2025-06-25$80.19$80.004.4%1.2%3.3%13.5%4.5%1.8%0.7%363.3M-2.06B-12.4M4.167.7255,633231,310977,6645,584,531
2025-06-26$80.35$80.004.2%1.1%3.3%11.8%4.2%1.4%1.8%787.2M-2.89B-11.3M2.715.3773,469198,7521,012,0105,710,128
2025-06-27$80.31$80.004.0%1.1%3.3%10.7%4.4%1.5%-0.7%540.8M-2.49B-13.0M5.435.0030,040163,0791,045,1405,757,632
2025-06-30$80.59$80.003.9%1.1%3.5%9.9%4.4%0.3%1.9%979.8M-3.02B-10.5M1.145.29425,693484,977980,3445,695,351