HYD Options History — March 2018

In March 2018, HYD traded between $61.30 and $61.98. ATM implied volatility averaged 6.7%, placing in the 3.5% IV rank vs the trailing year. The 30-day expected move averaged 1.5%. IV traded above realized volatility by 3.3% (HV 20d: 3.4%). Max pain ranged from $60.00 to $62.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.31.

Notable Days

2018-03-09: Highest Volume — 183 contracts
2018-03-09: Largest IV spike — 102.4% change
2018-03-12: Highest IV Rank — 16.4%
2018-03-02: Largest Expected Move — 1.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$61.58	$61.30	$61.98	$61.46	$61.96
Max Pain	$60.38	$60.00	$62.00	$62.00	$60.00
ATM IV	6.7%	4.0%	19.2%	6.1%	5.3%
Expected Move	1.5%	1.2%	1.9%	1.8%	1.5%
HV 20d	3.4%	1.7%	5.4%	5.4%	1.7%
HV 60d	4.1%	3.7%	4.6%	4.6%	3.7%
IV Rank	3.5%	0.7%	16.4%	2.8%	2.0%
IV Percentile	37.7%	1.2%	98.4%	46.0%	25.0%
Term Structure	0.4%	-2.1%	1.6%	-0.1%	-0.1%
VWIV	11.5%	6.4%	25.7%	8.1%	25.7%
Skew 25d	-44.7%	-140.2%	2.3%	2.3%	-6.2%
Skew 10d	-62.1%	-143.7%	2.3%	2.3%	-13.8%
Call IV 25d	51.8%	5.1%	147.8%	6.1%	16.6%
Put IV 25d	7.1%	4.9%	10.4%	8.3%	10.4%
Bid-Ask Spread %	158.26	119.08	171.90	171.41	171.90
Gamma HHI	0.45	0.35	0.68	0.42	0.36
Net GEX	-55.2K	-80.2K	-16.6K	-49.0K	-53.1K
Net DEX	290.3K	118.6K	371.2K	292.1K	309.7K
Net VEX	-1.6K	-2.5K	-632	-1.4K	-2.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.31	0.75	1.81	0.75	1.81
Total Volume	162.286	128	183	143	166
Total OI	198.476	158	220	179	209

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
2018-03-01	$61.46	$62.00	6.1%	1.8%	5.4%	2.8%	8.1%	2.3%	-0.1%	-49.0K	292.1K	-1.4K	0.75	171.41	82	61	55	124
2018-03-02	$61.40	$62.00	6.7%	1.9%	4.7%	3.4%	8.4%	-23.4%	0.4%	-43.6K	219.5K	-778	0.75	171.29	82	61	55	124
2018-03-05	$61.40	$62.00	7.0%	1.8%	4.2%	3.8%	7.2%	-39.4%	-1.4%	-45.9K	286.7K	-1.4K	0.86	159.41	82	70	55	124
2018-03-06	$61.40	$62.00	6.7%	1.6%	4.1%	3.5%	7.1%	-25.9%	-0.6%	-63.2K	255.1K	-818	0.86	150.86	82	71	55	134
2018-03-07	$61.36	$60.00	7.7%	1.4%	3.5%	4.5%	7.5%	-33.8%	1.2%	-70.7K	298.0K	-1.3K	0.86	163.47	82	71	55	135
2018-03-08	$61.44	$60.00	7.6%	1.4%	3.5%	4.4%	7.6%	-121.4%	1.0%	-80.0K	287.8K	-1.3K	0.86	170.83	82	71	55	135
2018-03-09	$61.30	$60.00	15.4%	1.3%	3.5%	12.4%	6.4%	-108.8%	0.6%	-61.5K	314.1K	-1.4K	1.23	168.24	82	101	55	135
2018-03-12	$61.36	$60.00	19.2%	1.4%	3.5%	16.4%	7.1%	-112.4%	1.4%	-70.0K	314.4K	-1.3K	1.23	164.41	82	101	55	165
2018-03-13	$61.44	$60.00	6.7%	1.3%	3.6%	3.4%	7.4%	-51.0%	1.3%	-80.2K	371.2K	-1.9K	1.16	164.79	82	95	55	165
2018-03-14	$61.54	$60.00	4.5%	1.3%	3.5%	1.2%	7.8%	-127.6%	1.4%	-76.8K	355.0K	-1.8K	1.16	164.08	82	95	55	165
2018-03-15	$61.52	$60.00	4.5%	1.3%	3.4%	1.2%	7.3%	-129.4%	1.3%	-73.3K	343.7K	-1.8K	1.16	163.43	82	95	55	162
2018-03-16	$61.62	$60.00	4.7%	1.3%	3.5%	1.4%	7.5%	-0.8%	1.2%	-35.4K	325.2K	-1.1K	1.00	119.08	82	82	55	162
2018-03-19	$61.58	$60.00	4.9%	1.4%	3.1%	1.6%	8.2%	-140.2%	1.2%	-39.3K	169.8K	-1.1K	1.17	167.74	59	69	36	122
2018-03-20	$61.58	$60.00	4.6%	1.3%	3.1%	1.3%	8.2%	-2.5%	1.1%	-35.2K	176.3K	-1.1K	1.77	129.12	59	104	36	122
2018-03-21	$61.58	$60.00	6.0%	1.7%	3.1%	2.7%	15.9%	-2.1%	-2.1%	-54.8K	341.1K	-2.5K	1.75	166.12	59	104	36	172
2018-03-22	$61.66	$60.00	4.0%	1.2%	3.0%	0.7%	17.0%	-0.1%	0.1%	-58.1K	321.4K	-2.4K	1.81	142.69	59	107	37	172
2018-03-23	$61.74	$60.00	5.0%	1.4%	3.0%	1.7%	16.8%	0.4%	-0.4%	-57.7K	310.8K	-2.4K	1.81	145.50	59	107	37	172
2018-03-26	$61.84	$60.00	4.5%	1.3%	3.0%	1.2%	17.1%	-4.3%	0.3%	-16.6K	118.6K	-632	1.81	143.14	59	107	37	172
2018-03-27	$61.94	$60.00	4.7%	1.3%	2.8%	1.4%	24.4%	-10.1%	1.6%	-46.2K	338.3K	-2.4K	1.81	171.90	59	107	37	172
2018-03-28	$61.98	$60.00	5.2%	1.5%	2.5%	1.9%	19.2%	-2.5%	-0.1%	-47.7K	346.4K	-2.4K	1.81	154.04	59	107	37	172
2018-03-29	$61.96	$60.00	5.3%	1.5%	1.7%	2.0%	25.7%	-6.2%	-0.1%	-53.1K	309.7K	-2.3K	1.81	171.90	59	107	37	172