HYD Options History — September 2018

In September 2018, HYD traded between $62.06 and $62.76. ATM implied volatility averaged 5.1%, placing in the 2.3% IV rank vs the trailing year. The 30-day expected move averaged 1.3%. IV traded above realized volatility by 2.5% (HV 20d: 2.6%). Max pain ranged from $60.00 to $62.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 12.16.

Notable Days

2018-09-20: Highest Volume — 222 contracts
2018-09-12: Largest IV drop — 37.1% change
2018-09-10: Highest IV Rank — 4.3%
2018-09-05: Largest Expected Move — 1.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.45	$62.06	$62.76	$62.76	$62.32
Max Pain	$60.24	$60.00	$62.00	$62.00	$60.00
ATM IV	5.1%	4.0%	6.8%	5.7%	4.2%
Expected Move	1.3%	1.1%	1.7%	1.6%	1.2%
HV 20d	2.6%	2.5%	2.9%	2.6%	2.9%
HV 60d	2.8%	2.5%	2.9%	2.8%	2.5%
IV Rank	2.3%	1.0%	4.3%	3.0%	1.2%
IV Percentile	29.0%	3.2%	74.6%	45.6%	6.0%
Term Structure	-0.6%	-2.4%	0.5%	-1.5%	-1.0%
VWIV	28.6%	4.8%	133.4%	4.8%	25.6%
Skew 25d	-2.1%	-21.2%	0.8%	0.1%	0.7%
Skew 10d	-3.3%	-21.4%	1.7%	-4.3%	1.7%
Call IV 25d	7.3%	3.9%	26.4%	4.6%	4.9%
Put IV 25d	5.2%	3.8%	6.0%	4.7%	5.6%
Bid-Ask Spread %	154.87	120.79	176.53	135.07	161.22
Gamma HHI	0.63	0.46	0.91	0.50	0.51
Net GEX	-43.3K	-114.0K	-18.5K	-18.5K	-34.1K
Net DEX	58.8K	-12.6K	147.7K	-12.6K	147.7K
Net VEX	-997	-1.6K	-730	-872	-1.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	12.16	5.50	18.77	8.54	5.50
Total Volume	168.684	102	222	187	111
Total OI	321.105	224	380	343	236

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
2018-09-04	$62.76	$62.00	5.7%	1.6%	2.6%	3.0%	4.8%	0.1%	-1.5%	-18.5K	-12.6K	-872	8.54	135.07	20	167	52	291
2018-09-05	$62.72	$62.00	6.0%	1.7%	2.6%	3.3%	5.5%	-0.0%	-2.4%	-19.5K	-6.5K	-851	16.65	135.41	10	167	52	291
2018-09-06	$62.76	$0.00	6.1%	1.3%	2.6%	3.5%	0.0%	0.2%	-0.9%	-21.2K	-9.9K	-884	16.65	138.41	10	167	53	291
2018-09-07	$62.60	$0.00	6.1%	1.1%	2.8%	3.4%	27.3%	0.3%	0.0%	-21.8K	20.1K	-884	15.86	161.58	11	167	53	291
2018-09-10	$62.62	$60.00	6.8%	1.2%	2.5%	4.3%	13.8%	-0.6%	-0.5%	-33.6K	-5.2K	-730	11.10	175.43	15	167	53	291
2018-09-11	$62.54	$60.00	6.7%	1.1%	2.6%	4.2%	21.8%	-9.9%	-0.1%	-22.9K	32.6K	-923	10.41	148.55	16	167	58	291
2018-09-12	$62.60	$60.00	4.2%	1.2%	2.6%	1.2%	32.5%	-21.2%	-0.8%	-24.7K	11.4K	-855	10.41	176.53	16	167	56	291
2018-09-13	$62.56	$60.00	4.8%	1.4%	2.6%	2.0%	22.4%	-6.8%	-0.1%	-39.2K	70.6K	-1.4K	10.41	145.22	16	167	56	291
2018-09-14	$62.52	$60.00	4.9%	1.4%	2.6%	2.0%	22.7%	-0.8%	-0.0%	-32.4K	22.1K	-819	13.88	137.15	12	167	56	291
2018-09-17	$62.48	$60.00	4.7%	1.4%	2.5%	1.9%	133.4%	-1.0%	-0.1%	-45.7K	14.8K	-748	14.71	174.19	12	177	56	291
2018-09-18	$62.36	$60.00	4.7%	1.4%	2.6%	1.9%	29.4%	-0.7%	-0.1%	-71.0K	96.2K	-1.3K	14.71	158.03	12	177	56	304
2018-09-19	$62.36	$60.00	5.2%	1.5%	2.6%	2.4%	22.7%	-0.5%	-0.5%	-114.0K	97.9K	-951	17.21	120.79	12	207	56	324
2018-09-20	$62.38	$60.00	5.3%	1.5%	2.5%	2.5%	23.1%	-0.5%	-0.4%	-94.9K	114.4K	-922	14.24	135.29	15	207	56	324
2018-09-21	$62.22	$60.00	4.0%	1.1%	2.6%	1.0%	30.2%	-1.2%	0.5%	-92.9K	22.8K	-860	18.77	176.34	11	207	56	324
2018-09-24	$62.18	$60.00	4.5%	1.3%	2.5%	1.6%	24.9%	0.3%	-0.9%	-40.1K	127.9K	-1.2K	11.69	157.66	8	94	23	201
2018-09-25	$62.06	$60.00	4.3%	1.2%	2.5%	1.4%	24.4%	0.8%	-0.3%	-33.8K	122.3K	-816	9.35	168.40	10	94	23	201
2018-09-26	$62.20	$60.00	4.4%	1.3%	2.8%	1.5%	25.1%	0.7%	-0.2%	-30.2K	105.6K	-864	5.50	168.41	17	94	25	201
2018-09-27	$62.24	$60.00	4.1%	1.2%	2.8%	1.1%	25.4%	0.4%	-1.4%	-32.9K	144.1K	-1.6K	5.50	168.91	17	94	35	201
2018-09-28	$62.32	$60.00	4.2%	1.2%	2.9%	1.2%	25.6%	0.7%	-1.0%	-34.1K	147.7K	-1.6K	5.50	161.22	17	94	35	201