HYD Options History — December 2014

In December 2014, HYD traded between $61.48 and $62.22. ATM implied volatility averaged 6.8%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 2.3%. IV traded above realized volatility by 2.5% (HV 20d: 4.2%). Max pain ranged from $62.00 to $62.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 2.51.

Notable Days

2014-12-09: Highest Volume — 281 contracts
2014-12-10: Largest IV spike — 22.4% change
2014-12-16: Highest IV Rank — 17.5%
2014-12-16: Largest Expected Move — 2.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$61.88	$61.48	$62.22	$61.66	$61.70
Max Pain	$62.00	$62.00	$62.00	$62.00	$62.00
ATM IV	6.8%	5.2%	9.5%	5.7%	6.0%
Expected Move	2.3%	1.7%	2.6%	2.2%	1.7%
HV 20d	4.2%	3.5%	5.1%	3.6%	4.8%
HV 60d	3.8%	3.5%	4.1%	3.9%	4.1%
IV Rank	9.9%	5.6%	17.5%	6.9%	7.7%
IV Percentile	47.7%	20.6%	91.3%	25.8%	34.9%
Term Structure	0.7%	-0.7%	3.0%	1.1%	0.8%
VWIV	7.7%	6.9%	9.2%	7.0%	7.8%
Skew 25d	2.3%	-1.1%	8.4%	5.6%	0.7%
Skew 10d	3.1%	-1.7%	11.4%	6.6%	2.8%
Call IV 25d	6.6%	5.0%	7.2%	6.5%	6.4%
Put IV 25d	8.8%	5.5%	15.3%	12.1%	7.1%
Bid-Ask Spread %	63.60	39.57	98.74	72.54	74.32
Gamma HHI	0.62	0.38	0.90	0.46	0.38
Net GEX	-78.7K	-185.3K	-31.0K	-80.7K	-62.1K
Net DEX	251.9K	-149.2K	484.7K	43.5K	479.5K
Net VEX	-3.3K	-3.8K	-2.4K	-3.4K	-3.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.51	0.00	32.00	1.30	0.00
Total Volume	181.045	0	281	229	55
Total OI	558.682	446	629	600	493

Daily Data (22 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
2014-12-01	$61.66	$62.00	5.7%	2.2%	3.6%	6.9%	7.0%	5.6%	1.1%	-80.7K	43.5K	-3.4K	1.30	72.54	100	129	190	410
2014-12-02	$61.48	$62.00	5.3%	2.2%	3.5%	5.8%	7.0%	-0.9%	0.7%	-33.3K	3.1K	-3.8K	1.30	71.97	100	129	218	410
2014-12-03	$61.76	$62.00	6.1%	2.3%	3.9%	8.0%	7.3%	8.4%	0.8%	-58.8K	-149.2K	-3.5K	0.86	70.83	148	128	218	411
2014-12-04	$61.90	$62.00	6.1%	2.3%	3.9%	8.0%	0.0%	8.0%	2.5%	-58.4K	102.5K	-3.8K	0.00	49.37	0	0	178	411
2014-12-05	$61.78	$62.00	5.7%	2.2%	4.0%	6.9%	6.9%	1.5%	-0.2%	-59.0K	99.8K	-3.5K	0.80	60.92	148	118	178	411
2014-12-08	$62.00	$62.00	6.7%	2.4%	4.0%	9.6%	7.4%	2.0%	0.1%	-57.4K	3.2K	-3.4K	0.80	47.79	148	118	178	418
2014-12-09	$62.06	$62.00	7.4%	2.2%	4.0%	11.6%	7.3%	1.6%	-0.0%	-56.7K	-38.4K	-3.3K	0.90	84.93	148	133	178	418
2014-12-10	$62.14	$62.00	9.0%	2.4%	4.0%	16.2%	7.3%	2.7%	-0.1%	-99.5K	71.7K	-3.8K	0.73	51.71	148	109	178	443
2014-12-11	$62.10	$62.00	8.6%	2.5%	4.0%	15.2%	8.6%	1.7%	-0.5%	-109.6K	371.0K	-3.7K	0.75	56.35	148	111	128	444
2014-12-12	$62.22	$62.00	8.2%	2.4%	4.0%	13.8%	8.2%	2.5%	0.0%	-99.2K	308.3K	-3.4K	0.68	98.74	148	101	128	445
2014-12-15	$62.08	$62.00	8.9%	2.5%	4.0%	16.0%	7.7%	3.7%	-0.6%	-112.4K	389.5K	-3.8K	0.87	63.70	116	101	128	449
2014-12-16	$62.10	$62.00	9.5%	2.6%	3.7%	17.5%	9.2%	3.4%	-0.7%	-185.3K	332.2K	-3.4K	0.93	65.52	111	104	134	444
2014-12-17	$61.74	$62.00	7.6%	2.5%	4.3%	12.3%	8.9%	2.4%	0.6%	-114.6K	484.7K	-3.5K	0.92	65.05	111	103	139	444
2014-12-18	$61.86	$62.00	6.0%	2.4%	4.4%	7.8%	7.8%	1.1%	1.0%	-135.0K	406.0K	-3.3K	0.95	65.70	111	105	139	446
2014-12-19	$61.86	$62.00	5.4%	2.5%	4.4%	6.0%	0.0%	1.8%	2.1%	-154.7K	382.5K	-3.1K	32.00	75.39	1	16	139	451
2014-12-22	$61.96	$0.00	5.2%	2.0%	4.4%	5.6%	0.0%	1.6%	1.1%	-41.6K	340.5K	-2.4K	1.12	39.57	64	71	101	345
2014-12-23	$61.62	$0.00	5.9%	2.2%	4.8%	7.3%	0.0%	-1.1%	0.3%	-51.5K	443.6K	-2.9K	1.12	46.66	64	71	126	350
2014-12-24	$61.86	$0.00	6.7%	2.1%	5.0%	9.7%	0.0%	-0.9%	0.7%	-31.0K	329.0K	-2.5K	1.42	54.78	64	90	126	365
2014-12-26	$61.96	$0.00	5.8%	2.1%	4.9%	7.2%	0.0%	1.8%	3.0%	-33.9K	339.0K	-2.5K	1.42	57.43	64	90	126	367
2014-12-29	$61.70	$0.00	5.9%	2.0%	5.1%	7.6%	0.0%	0.4%	1.6%	-32.1K	410.4K	-2.5K	1.42	59.82	64	90	126	367
2014-12-30	$61.88	$0.00	7.0%	2.1%	4.8%	10.4%	0.0%	2.4%	2.2%	-63.8K	390.4K	-3.4K	0.00	66.15	5	0	126	367
2014-12-31	$61.70	$0.00	6.0%	1.7%	4.8%	7.7%	0.0%	0.7%	0.8%	-62.1K	479.5K	-3.6K	0.00	74.32	0	55	126	367