Grayscale Hyperliquid Staking ETF (HYPG) Options Statistics & Positioning

Grayscale Hyperliquid Staking ETF (HYPG) options trade at a 30-day at-the-money implied volatility of 89.5%, an IV rank of 15 out of 100 over the past year. The options market prices a ±$6.45 (±23.4%) move in HYPG for the front expiration. Max pain sits at $25 and the put/call open interest ratio is 0.04. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$27.51

52-week range

$18.49 – $27.51

ATM IV (30d)

89.5%

IV rank

15 / 100

Low

Expected move

±$6.45 (±23.4%)

Put/call OI

0.04

Call-heavy

Max pain

$25

↓ 9.1% below close

Most Active HYPG Contracts

Contract	Expiration	DTE	Last	IV	Volume
HYPG $35 call	Dec 18, 2026	116d	$2.70	87.9%	6
HYPG $27 call	Sep 18, 2026	25d	$2.70	—	2
HYPG $33 call	Mar 19, 2027	207d	$5.22	—	2
HYPG $25 call	Dec 18, 2026	116d	$6.95	80.4%	1

See all active HYPG contracts →

Explore HYPG Options Statistics

HYPG Implied Volatility

89.5% ATM IV (30d)

An IV rank of 15 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

HYPG Open Interest

0.04 put/call OI ratio

511 calls and 22 puts outstanding across all expirations.

Full open interest analysis →

HYPG Max Pain

$25 max pain

9.1% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

HYPG Gamma Exposure

$472.78K net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

HYPG Options Volume

11 contracts traded

Put/call volume ratio 0.00 — plus contracts running far above their usual volume.

Full volume & flow analysis →

HYPG Most Active Options

$35 top volume strike

The 25 most actively traded HYPG contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Explore the payoff profile of option on HYPG for free

Build multi-leg HYPG strategies, visualize payoffs, and scan the full US options universe with OptiView.

Open HYPG in the platform Scan options

HYPG Options FAQ

How often is HYPG options data on this page updated?

All HYPG statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see HYPG max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated HYPG pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.