HYD Options History — April 2017

In April 2017, HYD traded between $61.08 and $61.74. ATM implied volatility averaged 7.8%, placing in the 5.5% IV rank vs the trailing year. The 30-day expected move averaged 2.0%. IV traded above realized volatility by 5.2% (HV 20d: 2.6%). Max pain ranged from $60.00 to $60.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 1.39.

Notable Days

2017-04-18: Highest Volume — 324 contracts
2017-04-12: Largest IV drop — 29.1% change
2017-04-11: Highest IV Rank — 8.2%
2017-04-04: Largest Expected Move — 2.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$61.41	$61.08	$61.74	$61.18	$61.32
Max Pain	$60.00	$60.00	$60.00	$60.00	$60.00
ATM IV	7.8%	6.2%	10.0%	8.1%	7.6%
Expected Move	2.0%	1.5%	2.6%	2.3%	2.2%
HV 20d	2.6%	1.7%	4.6%	4.6%	2.5%
HV 60d	4.0%	3.5%	4.2%	4.1%	3.5%
IV Rank	5.5%	3.6%	8.2%	5.8%	5.3%
IV Percentile	38.9%	19.8%	70.6%	38.5%	38.9%
Term Structure	0.2%	-2.7%	3.1%	-1.3%	0.3%
VWIV	7.5%	5.2%	13.3%	11.3%	5.7%
Skew 25d	-1.2%	-39.9%	2.9%	2.0%	2.6%
Skew 10d	-1.8%	-69.0%	6.7%	3.7%	6.3%
Call IV 25d	9.6%	5.3%	48.0%	6.8%	8.5%
Put IV 25d	8.4%	6.3%	11.4%	8.7%	11.1%
Bid-Ask Spread %	172.69	152.69	189.99	173.72	189.99
Gamma HHI	0.37	0.23	0.76	0.76	0.26
Net GEX	5.8K	-25.2K	61.2K	61.2K	19.5K
Net DEX	-45.6K	-450.9K	254.9K	-450.9K	254.9K
Net VEX	-2.7K	-5.3K	-446	-2.3K	-4.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.39	0.47	3.54	0.60	3.54
Total Volume	256.632	229	324	240	259
Total OI	567.684	482	700	582	613

Daily Data (19 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
2017-04-03	$61.18	$60.00	8.1%	2.3%	4.6%	5.8%	11.3%	2.0%	-1.3%	61.2K	-450.9K	-2.3K	0.60	173.72	150	90	205	377
2017-04-04	$61.08	$60.00	9.2%	2.6%	4.6%	7.2%	13.3%	0.7%	-2.7%	7.1K	-56.5K	-2.0K	0.60	177.47	150	90	105	377
2017-04-05	$61.14	$60.00	8.5%	2.4%	4.6%	6.3%	13.3%	2.1%	-1.6%	7.2K	-50.0K	-2.1K	0.60	178.36	150	90	105	377
2017-04-06	$61.24	$60.00	8.5%	1.5%	2.4%	6.3%	5.6%	2.2%	0.8%	-17.1K	-117.3K	-606	0.59	165.05	150	89	105	377
2017-04-07	$61.18	$60.00	8.6%	1.7%	2.5%	6.5%	5.6%	2.2%	0.6%	4.0K	-54.1K	-2.1K	0.55	166.95	150	82	105	386
2017-04-10	$61.36	$60.00	9.4%	1.7%	2.6%	7.4%	6.2%	2.4%	0.7%	-14.4K	-136.4K	-446	0.55	169.02	150	82	105	387
2017-04-11	$61.44	$60.00	10.0%	1.7%	2.6%	8.2%	6.4%	1.8%	0.3%	-25.2K	-145.2K	-776	0.55	167.31	148	81	105	387
2017-04-12	$61.52	$60.00	7.1%	2.0%	1.7%	4.7%	6.7%	2.2%	-1.4%	-4.0K	-114.7K	-1.8K	0.47	172.44	171	80	105	386
2017-04-13	$61.58	$60.00	6.9%	2.0%	1.7%	4.5%	6.9%	2.3%	-1.4%	24.2K	-252.9K	-1.6K	0.49	170.41	171	85	130	386
2017-04-17	$61.56	$60.00	7.3%	2.1%	1.7%	4.9%	7.3%	2.4%	-1.7%	24.3K	-120.3K	-2.3K	0.49	175.83	171	85	130	391
2017-04-18	$61.74	$60.00	6.5%	1.9%	1.8%	4.0%	7.8%	2.2%	2.9%	23.3K	-182.6K	-2.4K	1.18	152.69	149	175	132	391
2017-04-19	$61.68	$60.00	6.9%	2.0%	1.9%	4.5%	7.0%	1.6%	2.9%	-6.5K	43.4K	-3.8K	0.84	174.50	149	125	132	491
2017-04-20	$61.62	$60.00	7.3%	2.1%	2.0%	5.0%	7.8%	1.8%	2.7%	-7.0K	-88.0K	-1.7K	0.75	176.68	167	125	132	546
2017-04-21	$61.62	$60.00	7.5%	2.1%	2.0%	5.2%	7.9%	2.6%	3.1%	3.9K	107.9K	-4.4K	0.74	171.85	167	124	152	546
2017-04-24	$61.48	$60.00	6.2%	1.8%	2.3%	3.6%	6.1%	-17.4%	2.2%	-8.6K	53.9K	-4.9K	3.31	183.79	57	189	152	544
2017-04-25	$61.30	$60.00	6.5%	1.9%	2.5%	4.0%	5.8%	2.9%	-1.5%	8.0K	204.0K	-5.3K	3.52	189.00	57	201	152	548
2017-04-26	$61.32	$60.00	7.5%	2.1%	2.5%	5.2%	6.0%	-39.9%	-0.8%	12.8K	243.9K	-4.9K	3.52	167.69	57	201	152	460
2017-04-27	$61.38	$60.00	8.2%	2.3%	2.5%	6.0%	5.2%	0.2%	-0.8%	-2.1K	-6.0K	-2.5K	3.54	158.36	57	202	152	460
2017-04-28	$61.32	$60.00	7.6%	2.2%	2.5%	5.3%	5.7%	2.6%	0.3%	19.5K	254.9K	-4.6K	3.54	189.99	57	202	152	461