HYD Options History — April 2016

In April 2016, HYD traded between $62.12 and $63.36. ATM implied volatility averaged 17.7%, placing in the 8.8% IV rank vs the trailing year. The 30-day expected move averaged 3.4%. IV traded above realized volatility by 13.4% (HV 20d: 4.3%). 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 18 of 21 days. Put/call ratio averaged 58.10.

Notable Days

2016-04-07: Highest Volume — 108 contracts
2016-04-27: Largest IV spike — 167.5% change
2016-04-11: Highest IV Rank — 28.7%
2016-04-01: Largest Expected Move — 10.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.78	$62.12	$63.36	$62.12	$63.34
Max Pain	$60.00	$60.00	$60.00	$60.00	$60.00
ATM IV	17.7%	7.7%	44.9%	35.6%	9.9%
Expected Move	3.4%	2.2%	10.2%	10.2%	2.8%
HV 20d	4.3%	3.2%	4.7%	3.8%	3.2%
HV 60d	3.4%	3.2%	3.6%	3.3%	3.6%
IV Rank	8.8%	1.5%	28.7%	21.9%	3.2%
IV Percentile	49.2%	10.7%	88.1%	76.2%	37.3%
Term Structure	2.4%	-95.4%	26.2%	-48.2%	7.5%
VWIV	18.4%	10.1%	55.5%	20.8%	19.8%
Skew 25d	5.6%	-1.2%	10.7%	8.4%	2.8%
Skew 10d	7.0%	-3.2%	12.6%	-3.2%	7.5%
Call IV 25d	12.4%	4.2%	52.4%	15.8%	18.3%
Put IV 25d	18.0%	9.8%	62.8%	24.2%	21.0%
Bid-Ask Spread %	180.44	133.75	197.70	180.15	186.17
Gamma HHI	0.62	0.46	0.80	0.52	0.68
Net GEX	-21.3K	-61.5K	-10.3K	-10.3K	-18.7K
Net DEX	114.8K	63.3K	214.9K	101.6K	72.3K
Net VEX	-1.3K	-1.7K	-951	-1.2K	-1.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	58.10	1.64	125.00	1.64	125.00
Total Volume	81.048	46	108	93	64
Total OI	151.714	127	167	127	163

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
2016-04-01	$62.12	$60.00	35.6%	10.2%	3.8%	21.9%	20.8%	8.4%	-48.2%	-10.3K	101.6K	-1.2K	1.64	180.15	35	58	35	92
2016-04-04	$62.22	$60.00	19.7%	2.9%	3.9%	10.3%	11.7%	5.5%	15.4%	-61.5K	63.3K	-951	1.64	183.62	35	58	35	102
2016-04-05	$62.40	$60.00	20.6%	2.6%	3.9%	11.0%	17.9%	6.5%	1.6%	-25.9K	85.7K	-1.1K	1.64	186.23	35	58	35	104
2016-04-06	$62.50	$60.00	24.2%	4.7%	3.9%	13.6%	25.2%	-1.2%	-95.4%	-17.4K	126.2K	-1.4K	1.64	167.30	35	58	35	104
2016-04-07	$62.60	$60.00	18.0%	2.5%	3.9%	9.1%	12.4%	6.8%	1.8%	-11.7K	103.1K	-1.2K	2.07	179.97	35	73	35	104
2016-04-08	$62.40	$60.00	20.2%	2.5%	4.1%	10.7%	10.1%	5.0%	1.6%	-32.6K	93.4K	-1.2K	2.07	133.75	35	73	35	119
2016-04-11	$62.56	$60.00	44.9%	2.3%	4.2%	28.7%	13.6%	8.8%	8.4%	-24.5K	118.4K	-1.3K	1.86	184.88	35	65	35	119
2016-04-12	$62.50	$60.00	41.9%	2.2%	4.2%	26.5%	12.9%	3.2%	6.0%	-24.3K	126.7K	-1.4K	1.86	182.31	35	65	35	122
2016-04-13	$62.84	$60.00	7.7%	2.2%	4.6%	1.5%	13.8%	5.1%	7.1%	-14.2K	182.1K	-1.4K	1.86	182.96	35	65	35	122
2016-04-14	$62.86	$60.00	7.8%	2.2%	4.6%	1.6%	14.1%	3.1%	9.2%	-24.1K	137.3K	-1.3K	1.86	185.83	35	65	35	132
2016-04-15	$62.90	$60.00	7.8%	2.2%	4.5%	1.6%	14.4%	8.2%	22.6%	-10.5K	120.6K	-1.4K	1.86	193.80	35	65	35	132
2016-04-18	$62.90	$60.00	16.2%	4.6%	4.5%	7.7%	15.1%	3.5%	-5.3%	-15.6K	66.3K	-1.3K	90.00	175.08	1	45	35	92
2016-04-19	$62.82	$60.00	8.2%	2.4%	4.5%	1.9%	17.4%	1.9%	12.2%	-17.2K	75.2K	-1.3K	110.00	189.11	1	55	36	92
2016-04-20	$62.96	$60.00	9.9%	2.8%	4.5%	3.1%	15.7%	9.8%	7.9%	-20.7K	108.9K	-1.5K	125.00	174.13	1	63	36	117
2016-04-21	$62.92	$60.00	9.4%	2.7%	4.5%	2.8%	15.9%	0.9%	5.3%	-22.2K	126.5K	-1.6K	125.00	163.37	1	63	36	127
2016-04-22	$62.94	$60.00	9.9%	2.8%	4.5%	3.1%	16.2%	6.4%	19.5%	-17.7K	198.4K	-1.7K	125.00	194.88	1	63	36	127
2016-04-25	$62.94	$60.00	10.1%	2.9%	4.5%	3.3%	17.1%	8.5%	17.3%	-13.1K	214.9K	-1.6K	125.00	190.79	1	63	36	127
2016-04-26	$62.98	$60.00	9.9%	2.8%	4.4%	3.1%	17.6%	10.7%	15.9%	-25.2K	85.4K	-1.4K	125.00	171.07	1	63	36	127
2016-04-27	$63.30	$60.00	26.5%	7.6%	4.7%	15.2%	55.5%	10.4%	26.2%	-17.5K	100.2K	-1.4K	125.00	197.70	1	63	36	127
2016-04-28	$63.36	$60.00	13.0%	3.7%	4.7%	5.4%	28.5%	3.9%	12.9%	-23.0K	104.6K	-1.4K	125.00	186.04	1	63	36	127
2016-04-29	$63.34	$60.00	9.9%	2.8%	3.2%	3.2%	19.8%	2.8%	7.5%	-18.7K	72.3K	-1.3K	125.00	186.17	1	63	36	127