HYD Options History — April 2020

In April 2020, HYD traded between $50.49 and $56.75. ATM implied volatility averaged 42.2%, placing in the 42.2% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded below realized volatility by 37.4% (HV 20d: 79.6%). Max pain ranged from $42.00 to $57.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 54.88.

Notable Days

  • 2020-04-21: Highest Volume — 16,337 contracts
  • 2020-04-02: Largest IV spike — 37.4% change
  • 2020-04-02: Highest IV Rank — 70.6%
  • 2020-04-03: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.37$50.49$56.75$50.49$54.76
Max Pain$50.33$42.00$57.00$57.00$54.00
ATM IV42.2%31.2%69.3%50.4%39.4%
Expected Move11.9%9.0%16.2%14.5%11.3%
HV 20d79.6%27.0%119.0%116.9%27.0%
HV 60d68.7%67.1%69.1%67.1%69.1%
IV Rank42.2%30.7%70.6%50.8%39.2%
IV Percentile92.0%88.5%98.4%94.8%89.7%
Term Structure-2.6%-12.3%2.9%-1.2%-2.0%
VWIV44.4%29.3%63.1%44.2%38.1%
Skew 25d14.8%8.6%27.3%16.9%12.5%
Skew 10d30.0%17.9%46.0%31.8%26.3%
Call IV 25d35.8%27.5%43.1%43.0%34.0%
Put IV 25d50.6%36.5%70.4%59.8%46.5%
Bid-Ask Spread %52.4226.01107.4169.2658.84
Gamma HHI0.400.070.740.070.19
Net GEX-768.0K-1.3M4.4K4.4K-436.0K
Net DEX11.8M3.3M26.1M3.3M7.4M
Net VEX-86.1K-207.1K-7.7K-7.7K-37.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio54.880.13858.84146.740.62
Total Volume1,829.9522716,33715,36568
Total OI15,896.5712,00724,6092,0077,890

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-04-01$50.49$57.0050.4%14.5%116.9%50.8%44.2%16.9%-1.2%4.4K3.3M-7.7K146.7469.2610415,2619501,057
2020-04-02$53.07$42.0069.3%15.9%118.9%70.6%62.9%27.3%-12.3%-553.3K19.6M-158.3K37.80102.25943,55396716,153
2020-04-03$53.15$43.0059.9%16.2%119.0%60.8%53.9%24.7%-7.6%-1.0M26.1M-207.1K35.6426.012589198823,621
2020-04-06$54.15$43.0045.0%13.2%118.5%45.1%39.2%20.8%-4.4%-912.6K19.6M-157.5K2.1331.83388199020,280
2020-04-07$54.00$43.0041.0%12.1%118.1%40.9%54.0%19.3%-4.3%-1.0M18.0M-142.0K2.4838.0823571,03220,282
2020-04-08$54.54$47.0039.7%11.4%117.8%39.6%56.4%18.3%-2.6%-936.5K17.1M-139.8K0.9745.3158561,04420,321
2020-04-09$56.75$48.0037.1%10.6%100.3%36.8%46.5%12.2%-3.4%-885.1K11.5M-103.8K1.2438.991191471,09220,364
2020-04-13$55.32$51.0036.3%10.4%97.0%36.0%44.0%14.9%1.1%-1.3M8.0M-52.4K2.39107.41591411,13920,469
2020-04-14$54.89$51.0037.9%10.9%95.5%37.7%34.2%11.7%-4.5%-1.1M11.2M-84.3K3.3038.3220661,14420,552
2020-04-15$55.42$51.0035.7%10.2%95.4%35.4%44.7%12.1%-2.4%-981.2K12.8M-101.9K40.3358.1831211,14120,810
2020-04-16$54.65$51.0035.3%10.1%79.9%34.9%29.3%11.3%-2.6%-1.1M14.5M-111.6K0.2445.3445111,14420,902
2020-04-17$54.66$51.0032.3%9.3%78.6%31.9%33.6%8.8%-1.5%-1.2M11.4M-83.5K2.4846.9831771,15620,897
2020-04-20$54.43$53.0036.3%10.4%74.9%36.0%32.1%9.8%-2.2%-1.2M12.1M-96.5K0.1342.98851163220,476
2020-04-21$54.68$53.0033.3%9.5%68.9%32.8%33.7%8.6%-1.4%-1.2M11.3M-80.3K858.8454.361916,31862420,489
2020-04-22$54.92$53.0031.2%9.0%53.4%30.7%31.1%9.0%-2.6%-413.3K4.9M-23.1K0.1451.703656246,561
2020-04-23$54.52$53.0042.7%12.2%45.1%42.7%46.5%15.2%2.9%-370.3K7.9M-45.2K1.4541.40781136606,691
2020-04-24$54.44$53.0045.9%13.1%39.1%46.0%63.1%14.1%-2.7%-368.5K7.7M-44.5K2.8139.1427767226,730
2020-04-27$54.55$53.0047.2%13.5%37.9%47.4%47.7%14.5%0.8%-374.6K7.7M-44.4K8.8652.31373287486,795
2020-04-28$54.13$53.0048.6%13.9%38.0%48.9%49.6%15.5%-1.0%-406.4K8.2M-44.0K3.0052.5030907817,036
2020-04-29$54.16$54.0042.1%12.1%30.6%42.1%47.6%13.6%-0.2%-429.1K8.1M-42.1K0.9359.6414137967,078
2020-04-30$54.76$54.0039.4%11.3%27.0%39.2%38.1%12.5%-2.0%-436.0K7.4M-37.9K0.6258.8442268077,083