HYD Options History — April 2018

In April 2018, HYD traded between $61.88 and $62.24. ATM implied volatility averaged 4.7%, placing in the 1.5% IV rank vs the trailing year. The 30-day expected move averaged 1.3%. IV traded above realized volatility by 3.1% (HV 20d: 1.6%). 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 17 of 21 days. Put/call ratio averaged 1.91.

Notable Days

2018-04-26: Highest Volume — 207 contracts
2018-04-25: Largest IV drop — 27.6% change
2018-04-10: Highest IV Rank — 2.8%
2018-04-02: Largest Expected Move — 1.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.11	$61.88	$62.24	$61.98	$62.22
Max Pain	$61.63	$60.00	$62.00	$60.00	$62.00
ATM IV	4.7%	3.1%	6.0%	5.9%	4.6%
Expected Move	1.3%	0.9%	1.7%	1.7%	1.3%
HV 20d	1.6%	1.2%	2.5%	1.7%	2.5%
HV 60d	3.6%	3.2%	3.6%	3.6%	3.2%
IV Rank	1.5%	0.0%	2.8%	2.6%	1.5%
IV Percentile	18.3%	0.0%	51.2%	44.0%	12.3%
Term Structure	0.6%	-2.4%	2.3%	-1.4%	-0.3%
VWIV	6.1%	2.8%	19.9%	12.1%	3.9%
Skew 25d	-4.6%	-9.3%	-0.9%	-2.1%	-2.0%
Skew 10d	-6.9%	-13.4%	-1.5%	-3.9%	-2.0%
Call IV 25d	10.3%	7.8%	16.3%	12.9%	7.8%
Put IV 25d	5.7%	4.4%	10.8%	10.8%	5.8%
Bid-Ask Spread %	145.26	132.36	160.31	135.25	145.75
Gamma HHI	0.52	0.34	0.93	0.80	0.69
Net GEX	-52.4K	-204.9K	-12.5K	-28.3K	-204.9K
Net DEX	178.7K	45.7K	349.3K	139.9K	349.3K
Net VEX	-1.9K	-2.4K	-620	-1.0K	-2.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.91	1.34	3.76	1.69	3.76
Total Volume	183	158	207	171	203
Total OI	231.429	208	274	208	274

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
2018-04-02	$61.98	$60.00	5.9%	1.7%	1.7%	2.6%	12.1%	-2.1%	-1.4%	-28.3K	139.9K	-1.0K	1.69	135.25	64	107	36	172
2018-04-03	$62.02	$60.00	5.7%	1.6%	1.6%	2.4%	13.4%	-0.9%	-1.2%	-45.3K	245.3K	-2.2K	1.51	151.67	71	107	41	172
2018-04-04	$62.04	$60.00	5.8%	1.7%	1.6%	2.5%	19.9%	-9.3%	-2.4%	-43.7K	215.4K	-2.3K	1.51	160.31	71	107	48	172
2018-04-05	$62.04	$0.00	5.5%	1.2%	1.6%	2.2%	0.0%	-4.1%	1.6%	-43.7K	219.0K	-2.3K	1.51	144.02	71	107	48	172
2018-04-06	$62.08	$0.00	5.6%	1.2%	1.6%	2.3%	0.0%	-2.2%	1.8%	-38.2K	189.1K	-2.2K	1.51	147.84	71	107	48	172
2018-04-09	$62.06	$0.00	5.8%	1.1%	1.2%	2.5%	0.0%	-4.4%	2.0%	-16.3K	59.1K	-982	1.51	146.05	71	107	48	172
2018-04-10	$62.10	$0.00	6.0%	1.1%	1.2%	2.8%	0.0%	-2.6%	2.3%	-20.6K	69.6K	-1.0K	1.51	146.50	71	107	48	172
2018-04-11	$62.22	$0.00	4.5%	1.3%	1.3%	1.2%	4.5%	-6.0%	0.9%	-35.7K	141.1K	-1.8K	1.51	147.99	77	116	48	172
2018-04-12	$62.12	$62.00	3.8%	1.1%	1.4%	0.4%	3.7%	-7.2%	1.0%	-43.7K	189.6K	-2.3K	1.51	148.45	77	116	54	179
2018-04-13	$62.12	$62.00	4.1%	1.2%	1.4%	0.8%	4.0%	-7.8%	0.5%	-42.1K	183.3K	-2.2K	1.51	147.26	77	116	54	179
2018-04-16	$62.18	$62.00	4.8%	1.4%	1.4%	1.5%	4.8%	-6.6%	0.5%	-37.7K	149.1K	-2.0K	1.51	146.15	77	116	54	179
2018-04-17	$62.18	$62.00	4.5%	1.3%	1.3%	1.2%	4.6%	-7.1%	0.4%	-40.0K	149.7K	-2.1K	1.39	144.49	77	107	54	179
2018-04-18	$62.24	$62.00	4.7%	1.3%	1.3%	1.4%	4.8%	-3.9%	0.1%	-36.8K	149.1K	-2.0K	1.34	145.76	80	107	54	180
2018-04-19	$62.20	$62.00	5.1%	1.4%	1.4%	1.7%	4.9%	-3.4%	0.7%	-37.2K	177.5K	-2.2K	1.34	132.36	80	107	57	180
2018-04-20	$62.14	$62.00	3.9%	1.1%	1.4%	0.6%	3.9%	-3.9%	1.1%	-31.7K	178.8K	-2.2K	1.34	142.90	80	107	57	180
2018-04-23	$62.10	$62.00	3.8%	1.1%	1.4%	0.5%	4.5%	-4.8%	0.5%	-12.5K	45.7K	-620	2.36	149.73	47	111	50	179
2018-04-24	$62.18	$62.00	4.3%	1.2%	1.4%	1.0%	4.3%	-4.1%	0.9%	-53.0K	184.9K	-2.0K	2.36	142.16	47	111	50	184
2018-04-25	$61.88	$62.00	3.1%	0.9%	2.2%	0.0%	3.3%	-4.9%	1.7%	-63.2K	173.2K	-1.8K	2.36	140.24	47	111	50	184
2018-04-26	$62.04	$62.00	3.6%	1.0%	2.4%	0.5%	2.8%	-4.5%	0.5%	-50.2K	236.4K	-2.2K	3.40	150.83	47	160	50	184
2018-04-27	$62.16	$62.00	4.1%	1.2%	2.5%	1.0%	4.2%	-5.2%	0.7%	-175.9K	307.8K	-2.4K	3.76	134.73	43	160	50	224
2018-04-30	$62.22	$62.00	4.6%	1.3%	2.5%	1.5%	3.9%	-2.0%	-0.3%	-204.9K	349.3K	-2.3K	3.76	145.75	43	160	50	224