HYG Options History — April 2026

In April 2026, HYG traded between $79.40 and $80.60. ATM implied volatility averaged 5.8%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 1.7%. IV traded below realized volatility by 1.6% (HV 20d: 7.4%). Max pain ranged from $80.00 to $80.00. Net GEX was positive for 0 of 12 trading days. Term structure was in contango for 4 of 12 days. Put/call ratio averaged 4.06.

Notable Days

  • 2026-04-08: Highest Volume — 804,380 contracts
  • 2026-04-17: Largest IV drop — 23.5% change
  • 2026-04-01: Highest IV Rank — 31.5%
  • 2026-04-01: Largest Expected Move — 2.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$80.13$79.40$80.60$79.40$80.34
Max Pain$80.00$80.00$80.00$80.00$80.00
ATM IV5.8%4.3%7.8%7.8%5.0%
Expected Move1.7%1.2%2.2%2.2%1.4%
HV 20d7.4%7.0%7.7%7.6%7.0%
HV 60d5.0%4.8%5.1%4.8%5.1%
IV Rank19.3%10.2%31.5%31.5%20.2%
IV Percentile65.3%29.4%88.5%88.5%52.8%
Term Structure0.0%-1.0%1.5%-0.4%-0.3%
VWIV6.7%4.3%9.8%8.9%6.2%
Skew 25d2.9%-0.1%5.8%3.4%-0.1%
Skew 10d4.8%-3.2%23.9%1.4%-0.3%
Call IV 25d4.6%2.9%7.6%6.8%5.6%
Put IV 25d7.5%5.4%11.0%10.2%5.4%
Bid-Ask Spread %39.1123.7850.0723.7836.83
Gamma HHI0.190.140.240.190.19
Net GEX-1.77B-3.64B-274.0M-3.64B-1.50B
Net DEX3.47B-1.08B10.36B10.36B2.22B
Net VEX-37.3M-51.2M-25.3M-50.5M-31.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.061.0812.732.312.23
Total Volume435,644.75219,534804,380671,040654,299
Total OI9,398,745.757,160,65710,098,3319,417,5777,268,500

Daily Data (12 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-04-01$79.40$80.007.8%2.2%7.6%31.5%8.9%3.4%-0.4%-3.64B10.36B-50.5M2.3123.78202,861468,1791,546,3457,871,232
2026-04-02$79.45$80.007.0%2.0%7.6%26.2%8.7%5.8%-0.4%-3.19B9.70B-51.2M5.9639.0058,838350,6721,693,6188,074,191
2026-04-07$79.63$80.005.8%1.7%7.4%17.7%9.8%5.1%1.5%-2.96B8.40B-50.8M3.6150.0752,551189,7421,698,3947,899,574
2026-04-08$80.14$80.006.1%1.7%7.7%19.7%7.9%3.1%0.7%-1.55B3.49B-40.0M4.2349.33153,873650,5071,715,8757,966,194
2026-04-10$79.98$80.006.3%1.8%7.7%20.9%6.2%0.1%-0.1%-2.52B4.92B-41.8M3.2749.1196,567315,3621,782,1138,202,549
2026-04-13$80.22$80.005.9%1.7%7.7%18.3%5.0%2.7%0.1%-1.69B1.62B-29.9M2.2531.1596,076215,7521,758,2148,129,178
2026-04-14$80.47$80.005.8%1.7%7.4%17.8%4.3%3.1%-1.0%-274.0M-625.6M-28.0M3.1331.9361,575192,6111,758,0118,169,358
2026-04-15$80.44$80.005.0%1.4%7.3%14.3%6.7%2.6%-0.1%-941.2M1.06B-35.8M4.6444.6438,943180,5911,728,7448,232,963
2026-04-16$80.34$80.005.6%1.6%7.2%19.1%5.7%3.2%-0.1%-1.45B1.07B-34.4M1.0837.54201,185216,6561,734,7288,296,180
2026-04-17$80.60$80.004.3%1.2%7.2%10.2%5.1%3.0%0.5%-731.0M-1.08B-28.2M3.3141.88109,939364,3591,736,0518,362,280
2026-04-20$80.53$80.004.7%1.3%7.0%16.0%5.3%3.0%-0.1%-772.7M495.8M-25.3M12.7334.0025,968330,6311,220,1135,940,544
2026-04-21$80.34$80.005.0%1.4%7.0%20.2%6.2%-0.1%-0.3%-1.50B2.22B-31.2M2.2336.83202,304451,9951,228,7656,039,735