HYD Options History — August 2014

In August 2014, HYD traded between $60.08 and $61.32. ATM implied volatility averaged 8.3%, placing in the 9.5% IV rank vs the trailing year. The 30-day expected move averaged 2.3%. IV traded above realized volatility by 4.0% (HV 20d: 4.3%). Max pain ranged from $62.00 to $64.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.85.

Notable Days

2014-08-11: Highest Volume — 206 contracts
2014-08-13: Largest IV spike — 66.3% change
2014-08-13: Highest IV Rank — 22.8%
2014-08-13: Largest Expected Move — 2.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$60.67	$60.08	$61.32	$60.22	$61.32
Max Pain	$62.19	$62.00	$64.00	$62.00	$64.00
ATM IV	8.3%	6.4%	15.3%	8.5%	8.3%
Expected Move	2.3%	1.9%	2.6%	2.4%	2.0%
HV 20d	4.3%	3.6%	5.0%	4.7%	3.6%
HV 60d	6.0%	5.9%	6.1%	6.0%	5.9%
IV Rank	9.5%	5.9%	22.8%	10.0%	9.6%
IV Percentile	54.3%	27.0%	97.6%	63.5%	63.9%
Term Structure	0.3%	-2.4%	3.4%	0.3%	-1.6%
VWIV	8.7%	7.5%	10.3%	7.5%	10.3%
Skew 25d	2.7%	0.4%	4.3%	3.0%	4.3%
Skew 10d	5.2%	0.5%	8.2%	5.0%	2.9%
Call IV 25d	7.8%	6.4%	10.1%	10.1%	8.5%
Put IV 25d	10.5%	8.2%	13.0%	13.0%	12.8%
Bid-Ask Spread %	98.45	75.45	121.50	80.80	97.96
Gamma HHI	0.72	0.30	0.93	0.69	0.30
Net GEX	-282.3K	-885.4K	81.1K	-615.7K	-22.6K
Net DEX	281.5K	-353.0K	1.3M	980.0K	41.4K
Net VEX	-7.4K	-9.7K	-5.7K	-9.7K	-6.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.85	0.00	6.00	6.00	1.18
Total Volume	25.81	0	206	25	0
Total OI	1,186.19	738	1,634	1,517	760

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
2014-08-01	$60.22	$62.00	8.5%	2.4%	4.7%	10.0%	0.0%	3.0%	0.3%	-615.7K	980.0K	-9.7K	0.00	80.80	0	25	358	1,159
2014-08-04	$60.10	$62.00	8.1%	2.5%	4.8%	9.2%	7.5%	0.4%	-0.6%	-733.9K	1.3M	-8.9K	6.00	75.45	10	60	358	1,184
2014-08-05	$60.08	$62.00	8.4%	2.4%	4.8%	9.7%	0.0%	2.7%	-0.4%	-885.4K	1.3M	-9.5K	0.00	94.22	0	0	368	1,237
2014-08-06	$60.44	$62.00	7.6%	2.5%	4.8%	8.1%	0.0%	3.7%	0.2%	-476.2K	673.3K	-8.9K	0.00	89.66	0	4	368	1,237
2014-08-07	$60.60	$62.00	11.5%	2.3%	4.8%	15.5%	0.0%	1.1%	-0.9%	-773.5K	380.9K	-8.7K	1.17	88.24	15	18	368	1,238
2014-08-08	$60.52	$62.00	8.4%	2.5%	4.8%	9.7%	0.0%	1.1%	0.3%	-510.2K	417.2K	-9.2K	0.00	94.61	0	5	383	1,246
2014-08-11	$60.40	$62.00	9.3%	2.5%	5.0%	11.4%	0.0%	1.0%	-1.4%	-508.0K	805.0K	-9.2K	2.17	91.29	65	141	383	1,251
2014-08-12	$60.44	$62.00	9.2%	2.4%	5.0%	11.3%	0.0%	2.6%	1.8%	-451.2K	820.0K	-7.7K	0.00	92.06	0	0	342	1,140
2014-08-13	$60.50	$62.00	15.3%	2.6%	4.4%	22.8%	9.4%	3.5%	2.0%	-504.8K	610.5K	-7.3K	0.70	95.20	5	4	342	1,140
2014-08-14	$60.74	$62.00	7.6%	2.4%	4.3%	8.2%	0.0%	3.3%	1.3%	-443.7K	134.1K	-7.1K	0.50	93.99	5	3	342	1,144
2014-08-15	$60.68	$62.00	7.6%	2.4%	4.0%	8.2%	0.0%	3.6%	0.8%	-456.7K	228.0K	-7.1K	1.00	95.90	5	5	347	1,146
2014-08-18	$60.66	$62.00	7.2%	2.4%	4.0%	7.5%	0.0%	3.5%	1.6%	58.2K	-203.2K	-6.5K	5.50	95.57	2	11	323	462
2014-08-19	$60.74	$62.00	7.2%	2.3%	4.0%	7.4%	8.1%	3.0%	1.6%	52.4K	-229.6K	-6.5K	0.31	95.13	7	2	325	472
2014-08-20	$60.82	$62.00	6.4%	2.3%	3.8%	5.9%	0.0%	3.5%	3.4%	76.9K	-220.0K	-6.3K	0.00	112.58	0	0	331	473
2014-08-21	$60.86	$62.00	6.8%	1.9%	3.8%	6.7%	8.3%	3.1%	0.6%	76.1K	-241.1K	-6.3K	0.00	109.67	0	3	331	473
2014-08-22	$60.84	$62.00	6.8%	2.3%	3.7%	6.8%	0.0%	3.9%	2.7%	81.1K	-252.5K	-6.4K	0.00	121.50	0	0	331	475
2014-08-25	$60.72	$62.00	8.4%	2.4%	3.8%	9.7%	0.0%	3.4%	0.5%	74.3K	-219.5K	-6.4K	0.00	115.19	15	0	331	475
2014-08-26	$61.04	$62.00	6.9%	1.9%	4.2%	6.9%	8.5%	1.6%	-2.4%	37.0K	-353.0K	-5.9K	1.18	113.26	9	10	294	475
2014-08-27	$61.10	$62.00	6.6%	2.1%	3.6%	6.2%	10.3%	1.1%	-2.3%	13.9K	-235.2K	-5.7K	0.00	112.10	0	113	263	475
2014-08-28	$61.20	$64.00	7.8%	2.0%	3.6%	8.5%	0.0%	3.7%	-2.0%	-16.0K	83.3K	-6.0K	0.00	103.07	0	0	240	520
2014-08-29	$61.32	$64.00	8.3%	2.0%	3.6%	9.6%	0.0%	4.3%	-1.6%	-22.6K	41.4K	-6.5K	0.00	97.96	0	0	240	520