HYD Options History — December 2013

In December 2013, HYD traded between $56.18 and $57.70. ATM implied volatility averaged 8.2%, placing in the 6.1% IV rank vs the trailing year. The 30-day expected move averaged 2.3%. IV traded above realized volatility by 1.0% (HV 20d: 7.2%). Max pain ranged from $60.00 to $60.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 3.21.

Notable Days

2013-12-16: Highest Volume — 25 contracts
2013-12-12: Largest IV spike — 43.6% change
2013-12-12: Highest IV Rank — 11.5%
2013-12-12: Largest Expected Move — 3.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$56.90	$56.18	$57.70	$57.44	$56.52
Max Pain	$60.00	$60.00	$60.00	$60.00	$60.00
ATM IV	8.2%	6.5%	11.0%	7.7%	6.7%
Expected Move	2.3%	1.7%	3.1%	2.2%	1.9%
HV 20d	7.2%	6.6%	8.2%	6.6%	7.6%
HV 60d	8.1%	7.5%	9.1%	9.1%	7.8%
IV Rank	6.1%	2.6%	11.5%	5.1%	3.1%
IV Percentile	35.7%	8.7%	69.0%	29.0%	12.3%
Term Structure	1.0%	-2.3%	3.8%	-1.1%	1.6%
VWIV	8.6%	6.5%	10.5%	9.4%	8.7%
Skew 25d	1.9%	-3.4%	6.3%	3.5%	0.0%
Skew 10d	2.2%	-3.4%	7.1%	3.4%	2.0%
Call IV 25d	7.7%	4.9%	10.8%	9.5%	7.0%
Put IV 25d	9.6%	7.0%	13.0%	13.0%	7.0%
Bid-Ask Spread %	45.24	26.97	80.63	37.71	62.96
Gamma HHI	0.42	0.35	0.52	0.38	0.39
Net GEX	-57.6K	-106.2K	-27.8K	-41.5K	-101.8K
Net DEX	1.2M	1.0M	1.4M	1.1M	1.0M
Net VEX	-3.2K	-3.8K	-2.6K	-3.6K	-3.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.21	0.00	11.25	5.00	0.00
Total Volume	8.857	0	25	6	5
Total OI	452.286	383	516	461	422

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2013-12-02	$57.44	$60.00	7.7%	2.2%	6.6%	5.1%	9.4%	3.5%	-1.1%	-41.5K	1.1M	-3.6K	5.00	37.71	1	5	123	338
2013-12-03	$57.70	$60.00	8.7%	2.5%	6.7%	7.0%	0.0%	0.7%	0.4%	-31.3K	1.1M	-3.8K	0.00	43.72	0	21	124	343
2013-12-04	$57.44	$60.00	7.6%	2.2%	6.8%	4.9%	0.0%	3.1%	-1.1%	-34.8K	1.1M	-3.5K	0.00	33.33	0	0	124	334
2013-12-05	$57.46	$60.00	8.5%	2.4%	6.6%	6.6%	0.0%	-0.1%	0.5%	-30.1K	1.1M	-3.5K	0.00	26.97	0	0	124	334
2013-12-06	$57.56	$60.00	8.0%	2.5%	6.7%	5.8%	0.0%	2.3%	1.5%	-27.8K	1.1M	-3.4K	0.00	57.83	0	0	124	334
2013-12-09	$57.12	$60.00	7.2%	1.7%	6.9%	4.1%	0.0%	4.6%	3.8%	-41.1K	1.2M	-3.3K	0.00	79.22	0	4	124	334
2013-12-10	$57.32	$60.00	7.4%	2.3%	7.0%	4.4%	0.0%	2.7%	1.4%	-34.1K	1.1M	-3.3K	0.00	39.76	0	0	124	336
2013-12-11	$57.30	$60.00	7.6%	2.2%	6.9%	5.0%	0.0%	2.2%	1.6%	-34.0K	1.1M	-3.5K	0.00	50.66	0	8	124	336
2013-12-12	$57.00	$60.00	11.0%	3.1%	7.1%	11.5%	0.0%	3.6%	-0.0%	-46.1K	1.2M	-3.4K	0.00	47.58	0	10	124	344
2013-12-13	$56.80	$60.00	10.7%	3.1%	6.8%	11.0%	0.0%	6.3%	0.7%	-47.0K	1.2M	-3.3K	0.00	37.37	0	0	124	339
2013-12-16	$56.60	$60.00	10.8%	3.1%	6.9%	11.1%	10.5%	6.3%	0.3%	-57.3K	1.3M	-3.0K	11.25	35.71	2	23	124	339
2013-12-17	$56.70	$60.00	9.5%	2.7%	6.7%	8.6%	8.0%	-3.4%	-2.3%	-53.6K	1.3M	-3.2K	0.43	80.63	15	7	124	346
2013-12-18	$57.12	$60.00	7.7%	2.2%	7.3%	5.1%	0.0%	4.8%	3.2%	-62.7K	1.2M	-3.4K	0.00	30.98	0	5	139	353
2013-12-19	$56.62	$60.00	8.6%	2.5%	7.8%	6.8%	9.7%	-2.3%	1.6%	-71.5K	1.4M	-3.2K	0.10	51.07	21	2	139	358
2013-12-20	$56.56	$60.00	8.7%	2.5%	7.4%	7.1%	0.0%	2.1%	1.9%	-68.8K	1.3M	-2.8K	0.00	41.52	0	3	159	357
2013-12-23	$56.18	$60.00	7.1%	2.0%	7.6%	3.9%	7.1%	0.7%	1.3%	-64.7K	1.1M	-2.6K	0.00	42.56	0	17	106	277
2013-12-24	$56.44	$60.00	7.1%	2.0%	7.8%	4.0%	0.0%	0.5%	1.2%	-73.7K	1.0M	-2.7K	0.00	41.92	0	18	106	289
2013-12-26	$56.60	$60.00	7.9%	2.3%	7.8%	5.4%	0.0%	1.2%	0.9%	-85.6K	1.0M	-2.9K	0.71	47.05	4	3	106	306
2013-12-27	$56.18	$60.00	6.5%	1.8%	8.1%	2.6%	6.5%	1.0%	2.1%	-96.3K	1.1M	-3.0K	0.00	31.84	0	8	106	309
2013-12-30	$56.30	$60.00	7.4%	2.1%	8.2%	4.5%	8.7%	0.7%	1.1%	-106.2K	1.1M	-3.1K	5.00	29.64	1	3	106	316
2013-12-31	$56.52	$60.00	6.7%	1.9%	7.6%	3.1%	0.0%	0.0%	1.6%	-101.8K	1.0M	-3.2K	0.00	62.96	5	0	107	315