HYG Options
HYG $77.20 · Updated Oct 26, 4:00 PM ET
HYG is at $77.20. The nearest expiration, Oct 30, 2026 (4 days out), lists 41 strikes, with 1,807 calls and 11,415 puts traded in the latest session. At-the-money implied volatility is 8.4%. The at-the-money straddle prices a move of about $0.52 (0.7%) by expiration.
HYG Options Chain
HYG is at $77.20. The nearest expiration, Oct 30, 2026 (4 days out), lists 41 strikes, with 1,807 calls and 11,415 puts traded in the latest session. At-the-money implied volatility is 8.4%. The at-the-money straddle prices a move of about $0.52 (0.7%) by expiration.
HYG Gamma Exposure (GEX)
HYG total dealer gamma exposure is -$3.29B across all listed expirations. Negative GEX means dealers are net short gamma; their hedging tends to amplify price moves. The gamma flip is $77.85, with spot 0.8% below it. The call wall is $78.00 and the put wall $77.00.
HYG Max Pain
HYG max pain for Oct 30, 2026 (4 days out) is $77.00, 0.3% below the current $77.20. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $77.00.
HYG Put/Call Ratio
Across every listed HYG expiration, the put/call ratio is 4.12 by volume and 2.92 by open interest. More puts than calls are trading, a defensive tilt. 6,899,836 puts and 2,361,116 calls are open in total.
HYG Implied Volatility
HYG at-the-money implied volatility is 8.4% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 4.7%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
HYG Open Interest by Strike
Across all HYG expirations, the largest call open interest near the current $77.20 sits at the $80.00 strike (615,635 contracts) and the largest put open interest at $75.00 (1,458,802). 2,361,116 calls and 6,899,836 puts are open in total.
HYG Expected Move
The options market prices HYG to move about $0.52 (0.7%) by Oct 30, 2026, a range of $76.69 to $77.72. For Nov 27, 2026 (32 days out) the expected move is $0.90 (1.2%).