HYD Options History — November 2018

In November 2018, HYD traded between $60.34 and $60.89. ATM implied volatility averaged 6.4%, placing in the 1.3% IV rank vs the trailing year. The 30-day expected move averaged 1.5%. IV traded above realized volatility by 2.7% (HV 20d: 3.7%). Max pain ranged from $31.00 to $31.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 3.57.

Notable Days

2018-11-06: Highest Volume — 760 contracts
2018-11-28: Largest IV spike — 70.4% change
2018-11-13: Highest IV Rank — 3.1%
2018-11-29: Largest Expected Move — 2.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$60.52	$60.34	$60.89	$60.65	$60.89
Max Pain	$31.00	$31.00	$31.00	$31.00	$31.00
ATM IV	6.4%	4.5%	11.2%	5.9%	8.1%
Expected Move	1.5%	1.2%	2.5%	1.7%	2.3%
HV 20d	3.7%	2.7%	5.1%	5.0%	2.7%
HV 60d	3.9%	3.9%	4.0%	3.9%	3.9%
IV Rank	1.3%	0.5%	3.1%	1.1%	1.9%
IV Percentile	48.4%	13.1%	88.1%	52.4%	80.2%
Term Structure	-1.0%	-8.5%	1.2%	-2.6%	-8.5%
VWIV	25.4%	21.5%	32.6%	24.4%	28.5%
Skew 25d	1.3%	0.4%	1.7%	1.2%	0.4%
Skew 10d	2.1%	1.1%	3.7%	1.5%	1.5%
Call IV 25d	3.9%	3.5%	4.5%	4.3%	3.9%
Put IV 25d	5.2%	4.3%	5.7%	5.4%	4.3%
Bid-Ask Spread %	97.19	70.76	146.57	145.30	77.32
Gamma HHI	1.00	0.93	1.00	0.97	1.00
Net GEX	-357.4K	-507.5K	-60	-60	-507.5K
Net DEX	1.8M	-338.7K	2.6M	-338.7K	2.3M
Net VEX	-11.3K	-15.1K	0	0	-14.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.57	1.31	6.31	1.47	1.76
Total Volume	478.476	243	760	257	293
Total OI	1,089	355	1,327	355	1,327

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
2018-11-01	$60.65	$0.00	5.9%	1.7%	5.0%	1.1%	0.0%	0.0%	-2.6%	-60	-338.7K	0	1.47	145.30	104	153	56	299
2018-11-02	$60.41	$0.00	5.5%	1.6%	5.0%	0.9%	0.0%	0.0%	-1.0%	-156	-337.0K	0	6.28	146.57	104	653	56	299
2018-11-05	$60.43	$31.00	6.5%	1.3%	5.1%	1.3%	0.0%	0.0%	1.1%	-207.7K	846.9K	-6.4K	6.28	131.17	104	653	56	649
2018-11-06	$60.34	$31.00	6.3%	1.3%	5.1%	1.2%	0.0%	0.0%	1.0%	-200.0K	849.4K	-6.5K	6.31	82.94	104	656	52	772
2018-11-07	$60.44	$31.00	5.7%	1.3%	3.6%	1.0%	0.0%	0.0%	1.0%	-283.3K	1.4M	-9.4K	6.31	89.42	104	656	52	922
2018-11-08	$60.36	$31.00	6.3%	1.2%	3.2%	1.2%	0.0%	0.0%	1.0%	-289.0K	1.4M	-9.2K	6.31	96.81	104	656	52	922
2018-11-09	$60.49	$31.00	6.7%	1.3%	3.3%	1.4%	24.4%	0.0%	0.7%	-301.4K	1.3M	-9.2K	4.34	94.42	105	456	52	922
2018-11-12	$60.58	$31.00	10.2%	1.4%	3.4%	2.7%	21.5%	0.0%	0.1%	-364.3K	1.9M	-11.9K	4.34	95.61	105	456	53	1,072
2018-11-13	$60.57	$31.00	11.2%	1.4%	3.3%	3.1%	25.9%	0.0%	0.3%	-388.6K	1.8M	-12.0K	4.15	93.15	105	436	53	1,072
2018-11-14	$60.43	$31.00	4.5%	1.3%	3.4%	0.5%	25.8%	0.0%	1.2%	-412.4K	2.6M	-14.4K	4.15	90.25	105	436	53	1,217
2018-11-15	$60.37	$31.00	4.7%	1.3%	3.3%	0.6%	22.1%	0.0%	0.6%	-460.4K	2.4M	-14.4K	4.15	96.40	105	436	54	1,217
2018-11-16	$60.41	$31.00	5.2%	1.5%	3.4%	0.8%	22.5%	0.0%	0.1%	-426.6K	2.5M	-14.5K	4.15	82.65	105	436	54	1,217
2018-11-19	$60.44	$31.00	4.7%	1.3%	3.3%	0.6%	23.0%	1.2%	1.2%	-469.1K	2.4M	-14.2K	4.15	86.57	105	436	54	1,217
2018-11-20	$60.40	$31.00	5.1%	1.5%	3.3%	0.8%	23.9%	0.8%	0.2%	-414.6K	2.5M	-14.3K	1.31	90.00	105	138	54	1,217
2018-11-21	$60.57	$31.00	5.1%	1.5%	3.4%	0.8%	23.0%	1.7%	-0.5%	-430.0K	2.5M	-14.2K	1.31	70.76	105	138	54	1,219
2018-11-23	$60.63	$31.00	5.0%	1.4%	3.4%	0.7%	32.6%	1.6%	-0.8%	-424.0K	2.4M	-14.0K	1.31	97.36	105	138	54	1,219
2018-11-26	$60.56	$31.00	4.9%	1.4%	3.4%	0.7%	27.3%	1.6%	-0.8%	-445.2K	2.5M	-14.0K	1.68	93.90	105	176	54	1,219
2018-11-27	$60.58	$31.00	5.0%	1.4%	3.4%	0.7%	27.7%	1.6%	-0.7%	-493.1K	2.5M	-14.9K	1.67	92.29	106	177	56	1,259
2018-11-28	$60.68	$31.00	8.5%	2.4%	3.5%	2.1%	25.3%	1.5%	-6.4%	-497.3K	2.5M	-14.7K	1.75	100.05	106	185	56	1,260
2018-11-29	$60.74	$31.00	8.8%	2.5%	3.4%	2.2%	27.1%	1.2%	-7.2%	-491.4K	2.4M	-15.1K	1.76	88.02	106	187	56	1,271
2018-11-30	$60.89	$31.00	8.1%	2.3%	2.7%	1.9%	28.5%	0.4%	-8.5%	-507.5K	2.3M	-14.9K	1.76	77.32	106	187	56	1,271