HYD Options History — February 2018

In February 2018, HYD traded between $61.50 and $61.98. ATM implied volatility averaged 6.6%, placing in the 3.3% IV rank vs the trailing year. The 30-day expected move averaged 1.9%. IV traded above realized volatility by 1.8% (HV 20d: 4.8%). Max pain ranged from $62.00 to $62.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 1.31.

Notable Days

2018-02-28: Highest Volume — 143 contracts
2018-02-08: Largest IV spike — 42.5% change
2018-02-06: Highest IV Rank — 6.6%
2018-02-08: Largest Expected Move — 2.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$61.73	$61.50	$61.98	$61.88	$61.74
Max Pain	$62.00	$62.00	$62.00	$62.00	$62.00
ATM IV	6.6%	5.5%	9.8%	6.6%	6.0%
Expected Move	1.9%	1.6%	2.5%	1.8%	1.7%
HV 20d	4.8%	3.8%	5.2%	3.8%	5.2%
HV 60d	4.5%	4.2%	4.6%	4.2%	4.5%
IV Rank	3.3%	2.2%	6.6%	3.3%	2.8%
IV Percentile	48.5%	25.4%	88.5%	51.6%	42.9%
Term Structure	0.2%	-3.5%	6.0%	6.0%	1.1%
VWIV	7.8%	5.8%	10.1%	5.8%	10.1%
Skew 25d	-22.8%	-109.2%	2.0%	0.1%	2.0%
Skew 10d	-52.5%	-173.2%	2.4%	0.3%	2.4%
Call IV 25d	30.6%	5.6%	118.5%	5.7%	5.7%
Put IV 25d	7.8%	5.8%	10.0%	5.8%	7.8%
Bid-Ask Spread %	173.50	145.74	188.13	145.74	185.68
Gamma HHI	0.61	0.26	0.91	0.84	0.28
Net GEX	-162.3K	-424.4K	-23.8K	-210.9K	-30.5K
Net DEX	457.1K	182.5K	894.1K	445.3K	258.7K
Net VEX	-1.4K	-1.9K	-927	-1.0K	-1.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.31	0.57	1.69	0.57	0.75
Total Volume	116.368	77	143	77	143
Total OI	226	167	277	221	179

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
2018-02-01	$61.88	$62.00	6.6%	1.8%	3.8%	3.3%	5.8%	0.1%	6.0%	-210.9K	445.3K	-1.0K	0.57	145.74	49	28	49	172
2018-02-02	$61.50	$62.00	5.7%	1.7%	4.2%	2.4%	7.6%	1.2%	-0.3%	-271.9K	518.5K	-1.2K	0.75	154.53	49	37	50	172
2018-02-05	$61.64	$62.00	8.0%	2.4%	4.4%	4.8%	7.3%	-1.1%	-3.5%	-193.9K	580.1K	-1.2K	0.88	167.94	49	43	50	182
2018-02-06	$61.98	$62.00	9.8%	2.0%	4.8%	6.6%	6.7%	-0.1%	-1.3%	-200.0K	483.1K	-1.4K	1.69	167.15	49	82	50	188
2018-02-07	$61.92	$62.00	6.2%	1.8%	4.8%	3.0%	5.8%	-0.3%	-0.5%	-217.4K	494.3K	-1.2K	1.67	158.18	49	82	50	209
2018-02-08	$61.76	$62.00	8.9%	2.5%	4.8%	5.7%	8.5%	-1.0%	-2.7%	-227.7K	560.4K	-1.2K	1.55	169.53	49	76	50	209
2018-02-09	$61.80	$62.00	7.0%	2.0%	4.8%	3.8%	7.0%	1.4%	-1.4%	-281.3K	632.9K	-1.8K	1.55	165.88	49	76	50	224
2018-02-12	$61.78	$62.00	6.4%	1.8%	4.8%	3.1%	6.9%	1.3%	0.2%	-236.9K	619.3K	-1.9K	1.55	172.59	49	76	50	224
2018-02-13	$61.94	$62.00	7.2%	2.1%	4.9%	3.9%	6.9%	-0.1%	-1.0%	-286.0K	580.0K	-1.7K	1.55	164.01	49	76	50	224
2018-02-14	$61.86	$62.00	7.4%	2.1%	4.9%	4.2%	7.6%	-0.9%	-1.5%	-307.7K	629.0K	-1.6K	1.63	172.62	47	76	50	224
2018-02-15	$61.88	$62.00	5.8%	1.7%	4.9%	2.5%	5.9%	-1.0%	0.3%	-424.4K	655.8K	-1.5K	1.63	177.37	47	76	53	224
2018-02-16	$61.60	$62.00	5.6%	1.6%	5.1%	2.3%	8.0%	-109.2%	0.8%	-25.4K	894.1K	-1.6K	1.63	182.34	47	76	53	224
2018-02-20	$61.52	$62.00	5.5%	1.6%	5.1%	2.2%	8.4%	-91.6%	1.5%	-26.1K	219.5K	-1.5K	1.42	184.58	47	66	53	114
2018-02-21	$61.50	$62.00	6.0%	1.7%	4.9%	2.8%	8.9%	-89.5%	1.5%	-26.8K	219.4K	-1.5K	1.42	188.13	47	66	53	114
2018-02-22	$61.64	$62.00	5.5%	1.6%	5.0%	2.2%	9.0%	-84.9%	1.5%	-27.9K	218.1K	-1.5K	1.13	181.01	54	61	53	114
2018-02-23	$61.76	$62.00	6.2%	1.8%	5.1%	2.9%	8.4%	-59.1%	-0.0%	-33.1K	222.7K	-1.5K	1.13	186.43	54	61	53	124
2018-02-26	$61.68	$62.00	6.1%	1.7%	5.1%	2.8%	9.8%	2.0%	1.0%	-23.8K	182.5K	-927	1.18	186.62	52	61	53	124
2018-02-27	$61.50	$62.00	5.5%	1.6%	5.0%	2.2%	9.6%	-2.9%	1.3%	-32.2K	271.6K	-1.6K	1.18	186.18	52	61	55	124
2018-02-28	$61.74	$62.00	6.0%	1.7%	5.2%	2.8%	10.1%	2.0%	1.1%	-30.5K	258.7K	-1.6K	0.75	185.68	82	61	55	124