HYG Implied Volatility
HYG $77.20 · Updated Oct 26, 4:00 PM ET
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.
TERM STRUCTURE (ATM IV)
| Expiration | DTE | ATM strike | ATM IV |
|---|---|---|---|
| Oct 30, 2026 | 4 | 77 | 8.4% |
| Nov 6, 2026 | 11 | 77 | 4.4% |
| Nov 13, 2026 | 18 | 77 | 5.3% |
| Nov 20, 2026 | 25 | 77 | 5.8% |
| Nov 27, 2026 | 32 | 77 | 4.7% |
| Dec 4, 2026 | 39 | 77 | 5.7% |
| Dec 18, 2026 | 53 | 77 | 5.2% |
| Jan 15, 2027 | 81 | 77 | 5.8% |
| Feb 19, 2027 | 116 | 77 | 6.1% |
| Mar 19, 2027 | 144 | 77 | 7.4% |
| Apr 16, 2027 | 172 | 77 | 6.9% |
SKEW, OCT 30, 2026
| Strike | Call IV | Put IV |
|---|---|---|
| 73 | 0.0% | 31.2% |
| 73.5 | 0.0% | 31.5% |
| 74 | 23.4% | 30.7% |
| 74.5 | 0.0% | 21.8% |
| 75 | 15.8% | 19.1% |
| 75.5 | 0.0% | 16.2% |
| 76 | 15.4% | 15.0% |
| 76.5 | 12.2% | 11.5% |
| 77 | 7.4% | 9.4% |
| 77.5 | 7.3% | 7.1% |
| 78 | 10.8% | 0.0% |
| 78.5 | 11.0% | 21.0% |
| 79 | 13.2% | 27.5% |
| 79.5 | 17.2% | 23.4% |
| 80 | 16.2% | 19.5% |
| 80.5 | 23.0% | 26.6% |
| 81 | 19.1% | 29.1% |
How this is calculated: Implied Volatility methodology