HYD Options History — February 2014

In February 2014, HYD traded between $57.32 and $59.22. ATM implied volatility averaged 9.2%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 2.7%. IV traded above realized volatility by 1.7% (HV 20d: 7.5%). Max pain ranged from $58.00 to $58.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 0.47.

Notable Days

  • 2014-02-06: Highest Volume — 25 contracts
  • 2014-02-13: Largest IV spike — 22.9% change
  • 2014-02-03: Highest IV Rank — 15.9%
  • 2014-02-03: Largest Expected Move — 3.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.31$57.32$59.22$58.04$59.22
Max Pain$58.00$58.00$58.00$58.00$58.00
ATM IV9.2%7.1%13.2%13.2%8.5%
Expected Move2.7%2.1%3.8%3.8%2.4%
HV 20d7.5%5.5%7.9%5.5%7.5%
HV 60d7.2%6.6%7.3%6.6%6.9%
IV Rank8.1%3.9%15.9%15.9%6.6%
IV Percentile53.0%18.7%81.0%81.0%45.6%
Term Structure0.5%-1.5%2.9%-0.7%2.9%
VWIV8.5%6.0%9.5%9.5%6.0%
Skew 25d3.3%1.3%5.5%5.5%4.8%
Skew 10d3.9%1.9%6.8%5.8%3.6%
Call IV 25d7.4%5.0%10.6%9.6%5.0%
Put IV 25d10.7%7.6%15.1%15.1%9.8%
Bid-Ask Spread %40.6716.79104.3061.3823.56
Gamma HHI0.390.280.520.300.47
Net GEX35.6K-39.9K91.3K-16.0K31.7K
Net DEX148.3K-187.6K653.8K347.7K-187.6K
Net VEX-3.5K-4.9K-2.4K-4.9K-2.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.003.000.000.00
Total Volume5.89502530
Total OI623.737483691643483

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-02-03$58.04$58.0013.2%3.8%5.5%15.9%0.0%5.5%-0.7%-16.0K347.7K-4.9K0.0061.3803258385
2014-02-04$57.32$58.0011.0%3.2%7.2%11.6%0.0%2.4%0.3%-39.9K653.8K-4.6K0.0041.5460258387
2014-02-05$57.84$58.0011.6%3.3%7.9%12.7%0.0%4.1%0.4%-32.1K434.2K-4.5K0.0066.6020259387
2014-02-06$57.72$58.0011.1%3.2%7.8%11.6%9.5%4.0%-0.6%-22.6K472.2K-4.5K0.0039.00250259387
2014-02-07$57.94$58.008.9%2.8%7.9%7.4%9.4%3.4%0.8%18.6K359.8K-3.9K1.5425.42710284387
2014-02-10$58.06$58.009.5%2.8%7.5%8.5%0.0%4.3%0.6%36.5K257.4K-3.7K0.00104.3070290386
2014-02-11$58.14$58.008.6%2.5%7.5%6.8%0.0%3.4%1.1%48.8K250.7K-3.9K0.0031.9300296386
2014-02-12$58.20$58.007.1%2.6%7.5%3.9%0.0%4.1%0.8%21.2K244.6K-3.7K0.0042.0110296386
2014-02-13$58.46$58.008.7%2.5%7.6%7.0%0.0%2.2%1.0%49.1K43.9K-3.8K0.0050.6710297386
2014-02-14$58.04$58.008.8%2.5%7.9%7.3%8.9%3.2%0.2%76.1K215.5K-3.5K3.0036.97515297386
2014-02-18$58.20$58.008.7%2.5%7.8%7.1%8.4%4.3%0.8%87.1K108.8K-3.2K1.0837.0877302378
2014-02-19$58.28$58.009.2%2.6%7.7%8.1%9.1%3.9%0.4%91.3K23.8K-3.1K0.0032.4330308382
2014-02-20$58.56$58.009.2%2.6%7.8%8.1%0.0%2.0%0.5%80.1K-134.4K-3.0K0.0047.3000309382
2014-02-21$58.54$58.008.9%2.6%7.5%7.5%8.9%2.1%0.5%83.0K-124.9K-3.1K0.0033.6410309382
2014-02-24$58.54$58.007.5%2.1%7.4%4.6%7.4%1.3%1.1%39.2K4.9K-2.4K0.0027.7210198297
2014-02-25$58.74$58.008.5%2.4%7.3%6.6%6.0%2.3%-0.2%35.6K10.8K-2.7K0.0029.3408198297
2014-02-26$58.92$58.008.9%2.5%7.4%7.4%0.0%3.4%0.4%40.0K-40.5K-2.7K0.0025.0403193293
2014-02-27$59.20$58.007.5%2.2%7.5%4.7%0.0%2.2%-1.5%48.7K-123.0K-2.6K0.0016.7900193290
2014-02-28$59.22$58.008.5%2.4%7.5%6.6%0.0%4.8%2.9%31.7K-187.6K-2.6K0.0023.5600193290