HYG High Yield Bond ETF
HYG IV Rank — are High Yield Bond ETF's options cheap or expensive right now?
IV Rank
15
Cheap — favor buying premium
0 · cheap50100 · expensive
Current IV
5%
IV Percentile
20%
52-wk IV high
15%
52-wk IV low
3%
Where current IV sits in its 52-week range
3%15%
High Yield Bond ETF's options are currently cheap. With an IV Rank of 15, implied volatility sits near the low end of its 1-year range and richer than roughly 20% of the past year. Historically at this level, buying options (long calls/puts, calendars) can be more attractive, since low IV tends to expand.
Suggested play
Long call / calendar spread
🔒 Pro
Unusual flow + macro + IV alerts
See the full picture for HYG →
Other etf names
Frequently asked
What does an IV Rank of 15 mean for HYG?
It means High Yield Bond ETF's implied volatility is currently near the low end of its past-year range, so its options are relatively cheap.
Should I buy or sell HYG options at this IV Rank?
Low IV Rank generally favors buying options (long calls/puts, calendars), since cheap volatility tends to expand.
IV Rank data is 15-minute delayed. Educational information, not investment advice.