HYD Options History — May 2014

In May 2014, HYD traded between $59.56 and $61.10. ATM implied volatility averaged 7.0%, placing in the 7.0% IV rank vs the trailing year. The 30-day expected move averaged 2.0%. IV traded above realized volatility by 3.3% (HV 20d: 3.7%). Max pain ranged from $60.00 to $62.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.05.

Notable Days

  • 2014-05-14: Highest Volume — 102 contracts
  • 2014-05-27: Largest IV spike — 522.5% change
  • 2014-05-27: Highest IV Rank — 67.0%
  • 2014-05-27: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.49$59.56$61.10$59.56$61.06
Max Pain$60.10$60.00$62.00$60.00$62.00
ATM IV7.0%3.3%38.7%4.7%7.2%
Expected Move2.0%1.3%11.1%1.3%2.1%
HV 20d3.7%3.0%3.9%3.9%3.0%
HV 60d3.9%3.5%4.5%4.5%3.5%
IV Rank7.0%0.0%67.0%2.3%7.5%
IV Percentile16.4%0.0%99.2%2.8%25.8%
Term Structure-2.4%-68.2%2.6%0.5%-0.4%
VWIV6.1%4.1%8.6%5.0%4.1%
Skew 25d0.6%-2.6%4.3%0.8%1.7%
Skew 10d2.1%-0.9%11.3%1.3%2.9%
Call IV 25d5.9%4.8%9.6%7.1%6.5%
Put IV 25d6.5%3.7%9.7%7.9%8.2%
Bid-Ask Spread %122.4779.58169.15142.52127.35
Gamma HHI0.650.440.860.850.48
Net GEX13.7K-83.7K93.8K-83.7K37.4K
Net DEX-128.5K-477.0K463.5K463.5K-306.1K
Net VEX-4.7K-5.9K-2.7K-2.7K-5.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.050.000.290.000.00
Total Volume15.9050102313
Total OI502.524380603380520

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-05-01$59.56$60.004.7%1.3%3.9%2.3%0.0%0.8%0.5%-83.7K463.5K-2.7K0.00142.520365315
2014-05-02$59.68$60.006.0%1.7%3.9%4.8%0.0%-1.3%-1.7%-79.4K434.6K-2.8K0.00150.95101065318
2014-05-05$59.80$60.003.9%1.6%3.8%0.8%0.0%1.7%0.4%-40.2K123.5K-3.8K0.00124.2608165318
2014-05-06$59.84$60.004.1%1.5%3.8%1.2%0.0%-0.4%1.0%-34.9K97.7K-3.7K0.00115.8808165320
2014-05-07$59.92$60.004.7%1.5%3.8%2.3%0.0%-0.4%1.0%-55.5K187.1K-4.1K0.00128.1608165328
2014-05-08$60.12$60.003.3%1.5%3.8%0.0%0.0%-0.2%1.1%-32.5K72.7K-3.8K0.00105.9800165335
2014-05-09$60.18$60.003.4%1.4%3.7%0.2%0.0%4.3%1.6%-18.6K87.1K-3.9K0.00142.0201165335
2014-05-12$60.28$60.004.9%1.6%3.7%3.1%0.0%0.1%1.1%-22.8K47.2K-3.5K0.00139.0000165336
2014-05-13$60.36$60.008.3%1.4%3.5%9.6%0.0%0.2%2.5%-21.5K19.3K-4.3K0.0083.9301165336
2014-05-14$60.60$60.0011.1%1.4%3.6%14.8%5.0%0.3%2.6%4.1K-111.7K-3.6K0.01122.141011165336
2014-05-15$60.86$60.006.1%1.8%3.7%5.4%6.0%1.2%1.5%38.4K-387.8K-5.5K0.29118.06216265337
2014-05-16$60.74$60.005.8%1.7%3.7%4.8%8.6%0.9%1.8%37.7K-345.0K-5.5K0.00120.2502266337
2014-05-19$60.76$60.005.1%1.5%3.8%3.6%0.0%0.4%2.4%93.8K-477.0K-5.3K0.00101.22028266224
2014-05-20$60.82$60.004.9%1.4%3.7%3.1%0.0%0.2%2.6%76.8K-386.8K-5.6K0.0079.5890266251
2014-05-21$60.72$60.005.1%1.5%3.9%3.5%7.4%-2.6%-1.1%76.4K-312.7K-5.6K0.00122.3110269251
2014-05-22$60.82$60.005.1%1.4%3.9%3.4%5.6%0.2%2.2%82.5K-385.2K-5.6K0.0082.2701269251
2014-05-23$61.04$60.006.2%1.8%3.9%5.6%0.0%1.3%-0.3%63.9K-407.6K-5.9K0.00134.5706269252
2014-05-27$60.92$60.0038.7%11.1%3.9%67.0%0.0%4.0%-68.2%55.7K-341.1K-5.9K0.00169.1500269252
2014-05-28$61.10$60.004.6%1.3%3.9%2.5%0.0%-0.0%-0.8%56.1K-398.9K-5.6K0.00134.1100254252
2014-05-29$61.06$60.004.5%1.3%3.9%2.4%4.1%0.1%-0.7%53.1K-370.7K-5.6K0.00128.23015254252
2014-05-30$61.06$62.007.2%2.1%3.0%7.5%0.0%1.7%-0.4%37.4K-306.1K-5.8K0.00127.35130254266