iShares iBoxx $ High Yield Corporate Bond ETF (HYG · ETF)
Overview · Option chain · Volatility · Expected-move history
Cboe delayed options data · as of 09:37 UTC · Figures derived from the full chain (1,442 contracts, 20 expirations) · IV own-history percentile appears after 60 recorded days (28 so far)
Expected move · Nov 20, 2026 (32 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±1.5% (range 75.69–78.03) by Nov 20, 2026. ATM straddle: 1.17 @ strike 77 · ATM IV: 5.7%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 69.17 | -10% | 100.0% | 0.0% |
| 73.02 | -5% | 99.9% | 0.1% |
| 76.86 | +0% | 49.7% | 50.3% |
| 80.70 | +5% | 0.2% | 99.8% |
| 84.55 | +10% | 0.0% | 100.0% |
Model-estimated probabilities of finishing above/below each level at expiration: estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Nov 20, 2026 · lognormal model with zero drift: an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Oct 23, 2026 | 4 | ±0.6% | 5.5% | 71.2K |
| Oct 30, 2026 | 11 | ±1.2% | 7.4% | 135.2K |
| Nov 06, 2026 | 18 | ±1.2% | 4.9% | 705 |
| Nov 13, 2026 | 25 | ±1.6% | 6.4% | 165 |
| Nov 20, 2026 | 32 | ±1.5% | 5.7% | 2.86M |
| Nov 27, 2026 | 39 | ±1.7% | 5.8% | 239 |
| Dec 18, 2026 | 60 | ±2.2% | 5.1% | 2.43M |
| Jan 15, 2027 | 88 | ±2.4% | 5.1% | 1.85M |
| Feb 19, 2027 | 123 | ±3.0% | 5.8% | 735.5K |
| Mar 19, 2027 | 151 | ±3.6% | 6.2% | 348.2K |
| Apr 16, 2027 | 179 | ±4.1% | 6.7% | 129.3K |
Open interest by strike · Nov 20
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 75 P · 907.2K77 P · 576.5K79 C · 411.5K80 C · 393.9K76 P · 360.1K
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Daily closes; Financial Modeling Prep.
Track record
Full history →Of 93 recorded snapshot-versus-outcome comparisons so far, the close landed inside the expected range 40.9% of the time.
About iShares iBoxx $ High Yield Corporate Bond ETF
The iShares iBoxx $ High Yield Corporate Bond ETF aims to replicate the performance of a specific market benchmark. This benchmark comprises corporate bonds with lower credit ratings, issued in U.S. dollars, which typically offer higher yields in exchange for increased risk.
ETF · Asset Management - Bonds · AMEX · Profile: Financial Modeling Prep
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