HYD Options History — December 2017

In December 2017, HYD traded between $62.24 and $62.80. ATM implied volatility averaged 6.3%, placing in the 3.1% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 1.9% (HV 20d: 4.4%). Max pain ranged from $62.00 to $62.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.89.

Notable Days

2017-12-05: Highest Volume — 156 contracts
2017-12-13: Largest IV drop — 59.2% change
2017-12-12: Highest IV Rank — 8.6%
2017-12-07: Largest Expected Move — 25.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.48	$62.24	$62.80	$62.40	$62.36
Max Pain	$62.00	$62.00	$62.00	$62.00	$62.00
ATM IV	6.3%	3.8%	11.7%	7.5%	4.9%
Expected Move	5.3%	1.1%	25.7%	2.1%	1.4%
HV 20d	4.4%	3.0%	5.4%	3.1%	4.9%
HV 60d	3.3%	2.7%	3.8%	2.8%	3.8%
IV Rank	3.1%	0.4%	8.6%	4.3%	1.5%
IV Percentile	31.8%	0.8%	93.7%	52.8%	9.9%
Term Structure	-9.0%	-48.3%	2.2%	-3.4%	-0.5%
VWIV	17.5%	3.9%	85.9%	9.3%	4.7%
Skew 25d	-82.6%	-167.4%	15.4%	-3.3%	-159.7%
Skew 10d	-83.8%	-170.1%	14.7%	-5.4%	-170.1%
Call IV 25d	119.6%	3.8%	178.3%	14.4%	170.5%
Put IV 25d	37.1%	6.4%	148.3%	11.1%	10.7%
Bid-Ask Spread %	188.21	176.01	198.46	191.84	182.01
Gamma HHI	0.46	0.30	0.61	0.40	0.42
Net GEX	-21.3K	-36.7K	-6.3K	-24.6K	-20.3K
Net DEX	23.1K	-103.2K	107.0K	101.2K	87.3K
Net VEX	-969	-1.7K	-643	-1.2K	-844
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.89	0.42	1.30	1.02	0.44
Total Volume	116.85	72	156	137	73
Total OI	165.2	102	211	205	113

Daily Data (20 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
2017-12-01	$62.40	$62.00	7.5%	2.1%	3.1%	4.3%	9.3%	-3.3%	-3.4%	-24.6K	101.2K	-1.2K	1.02	191.84	68	69	84	121
2017-12-04	$62.40	$62.00	6.7%	1.5%	3.1%	3.4%	5.1%	2.6%	0.5%	-36.7K	20.9K	-1.0K	1.02	177.51	68	69	89	121
2017-12-05	$62.52	$62.00	9.8%	1.6%	3.0%	6.6%	5.8%	2.7%	-0.2%	-26.7K	-4.0K	-995	1.30	179.27	68	88	89	121
2017-12-06	$62.74	$62.00	8.7%	1.4%	3.2%	5.5%	4.8%	-115.3%	-0.9%	-21.1K	-49.4K	-961	1.30	183.82	68	88	89	121
2017-12-07	$62.80	$62.00	9.9%	25.7%	3.2%	6.8%	85.9%	14.7%	-42.0%	-6.3K	-103.2K	-1.6K	1.30	198.46	68	88	89	121
2017-12-08	$62.28	$62.00	7.8%	19.1%	4.4%	4.6%	59.7%	11.7%	-40.3%	-8.7K	-6.3K	-1.7K	1.28	198.46	68	87	89	121
2017-12-11	$62.26	$62.00	10.1%	19.8%	4.3%	6.9%	61.6%	12.0%	-47.2%	-9.7K	-28.6K	-1.4K	1.28	198.46	68	87	89	122
2017-12-12	$62.28	$62.00	11.7%	20.1%	4.3%	8.6%	62.7%	12.2%	-48.3%	-12.6K	-95.3K	-1.4K	1.28	198.46	68	87	89	122
2017-12-13	$62.56	$62.00	4.8%	1.4%	4.6%	1.5%	4.8%	-126.8%	-0.5%	-35.0K	-12.3K	-872	1.28	186.62	68	87	89	122
2017-12-14	$62.58	$62.00	4.1%	1.2%	4.5%	0.8%	4.2%	-128.8%	0.9%	-33.3K	5.6K	-859	1.28	185.68	68	87	89	122
2017-12-15	$62.68	$62.00	4.4%	1.3%	4.5%	1.1%	4.5%	-130.1%	-0.2%	-20.1K	-99.5K	-643	1.28	186.62	68	87	89	122
2017-12-18	$62.62	$62.00	4.3%	1.2%	4.5%	1.0%	4.4%	-136.6%	0.2%	-17.7K	74.3K	-703	0.42	185.68	51	21	48	54
2017-12-19	$62.60	$62.00	4.3%	1.2%	4.5%	1.0%	4.3%	-140.2%	-0.0%	-15.0K	73.3K	-720	0.61	184.58	51	31	48	54
2017-12-20	$62.24	$62.00	4.5%	1.3%	5.0%	1.2%	4.6%	-143.5%	1.5%	-23.8K	107.0K	-743	0.44	191.72	51	22	48	64
2017-12-21	$62.52	$62.00	4.7%	1.3%	5.2%	1.4%	4.7%	15.4%	-0.0%	-36.0K	71.6K	-700	0.44	176.01	51	22	48	65
2017-12-22	$62.36	$62.00	3.8%	1.1%	5.3%	0.4%	3.9%	-148.3%	2.2%	-22.8K	95.9K	-729	0.44	190.70	51	22	48	65
2017-12-26	$62.56	$62.00	4.7%	1.3%	5.4%	1.4%	4.8%	-159.1%	-0.2%	-21.1K	82.4K	-716	0.44	193.15	51	22	48	65
2017-12-27	$62.50	$62.00	4.9%	1.4%	5.3%	1.6%	4.8%	-163.0%	-0.8%	-16.4K	60.2K	-719	0.44	187.56	51	22	48	65
2017-12-28	$62.40	$62.00	5.1%	1.5%	5.3%	1.8%	5.0%	-167.4%	-1.3%	-17.9K	80.6K	-887	0.44	187.56	51	22	48	65
2017-12-29	$62.36	$62.00	4.9%	1.4%	4.9%	1.5%	4.7%	-159.7%	-0.5%	-20.3K	87.3K	-844	0.44	182.01	51	22	48	65