HYD Options History — May 2020

In May 2020, HYD traded between $54.42 and $57.80. ATM implied volatility averaged 23.8%, placing in the 23.0% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 10.6% (HV 20d: 13.2%). Max pain ranged from $54.00 to $62.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 9.84.

Notable Days

2020-05-18: Highest Volume — 1,077 contracts
2020-05-13: Largest IV drop — 30.9% change
2020-05-01: Highest IV Rank — 40.4%
2020-05-01: Largest Expected Move — 11.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$56.07	$54.42	$57.80	$54.42	$57.80
Max Pain	$61.60	$54.00	$62.00	$54.00	$62.00
ATM IV	23.8%	12.0%	40.5%	40.5%	12.0%
Expected Move	6.6%	3.4%	11.6%	11.6%	3.4%
HV 20d	13.2%	8.9%	21.3%	21.1%	8.9%
HV 60d	69.3%	69.1%	69.4%	69.1%	69.4%
IV Rank	23.0%	10.5%	40.4%	40.4%	10.5%
IV Percentile	81.3%	73.8%	90.1%	90.1%	73.8%
Term Structure	-0.3%	-3.0%	2.0%	-3.0%	0.9%
VWIV	25.1%	13.8%	41.2%	36.1%	18.6%
Skew 25d	8.5%	2.5%	13.7%	13.7%	4.5%
Skew 10d	18.4%	5.0%	30.8%	24.1%	9.5%
Call IV 25d	19.8%	11.2%	31.6%	31.6%	11.2%
Put IV 25d	28.3%	15.7%	45.2%	45.2%	15.7%
Bid-Ask Spread %	75.81	43.60	116.15	73.44	116.15
Gamma HHI	0.16	0.12	0.23	0.19	0.14
Net GEX	-230.8K	-480.8K	11.1K	-415.9K	11.1K
Net DEX	4.5M	2.5M	7.5M	7.5M	2.5M
Net VEX	-18.6K	-38.5K	-8.5K	-38.5K	-8.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	9.84	0.05	75.93	0.27	11.50
Total Volume	173.55	32	1,077	84	50
Total OI	7,880.55	7,346	8,590	7,923	7,469

Daily Data (20 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
2020-05-01	$54.42	$54.00	40.5%	11.6%	21.1%	40.4%	36.1%	13.7%	-3.0%	-415.9K	7.5M	-38.5K	0.27	73.44	66	18	832	7,091
2020-05-04	$54.97	$62.00	34.4%	9.6%	21.3%	34.0%	41.2%	13.4%	-1.0%	-394.4K	7.0M	-33.5K	0.25	44.91	68	17	780	7,102
2020-05-05	$54.96	$62.00	32.7%	9.0%	20.3%	32.2%	36.9%	12.7%	-2.2%	-397.8K	6.9M	-32.6K	2.66	53.63	29	77	814	7,115
2020-05-06	$54.53	$62.00	33.2%	9.3%	20.5%	32.8%	31.9%	8.1%	-0.7%	-480.8K	5.6M	-26.2K	0.70	106.23	54	38	841	7,105
2020-05-07	$55.12	$62.00	28.3%	7.7%	20.6%	27.7%	32.0%	12.6%	-0.8%	-370.9K	5.6M	-24.2K	2.81	61.58	16	45	896	7,113
2020-05-08	$55.05	$62.00	29.1%	8.2%	14.4%	28.5%	26.8%	13.7%	-0.7%	-391.2K	6.8M	-30.2K	0.84	47.14	25	21	903	7,170
2020-05-11	$55.70	$62.00	31.5%	8.3%	12.1%	31.0%	32.6%	11.2%	-1.6%	-347.4K	5.1M	-24.0K	0.41	43.60	63	26	907	7,180
2020-05-12	$55.94	$62.00	34.4%	7.7%	11.8%	34.1%	27.7%	10.4%	-1.8%	-331.1K	4.9M	-22.8K	1.49	49.90	114	170	962	7,403
2020-05-13	$55.74	$62.00	23.8%	6.8%	11.4%	22.9%	28.8%	9.7%	-1.0%	-335.1K	4.3M	-15.3K	6.38	69.71	56	357	1,038	7,485
2020-05-14	$55.50	$62.00	24.5%	7.0%	10.3%	23.6%	22.5%	8.6%	-1.5%	-242.6K	4.5M	-16.4K	0.05	78.26	78	4	1,086	7,431
2020-05-15	$56.03	$62.00	20.1%	5.8%	10.7%	19.1%	22.9%	8.2%	0.2%	-53.3K	3.1M	-11.9K	26.12	83.47	17	444	1,154	7,436
2020-05-18	$56.23	$62.00	20.3%	5.8%	10.5%	19.3%	23.5%	7.7%	1.9%	-188.6K	4.0M	-12.6K	75.93	80.52	14	1,063	859	7,260
2020-05-19	$56.48	$62.00	19.7%	5.6%	10.5%	18.6%	21.0%	9.2%	1.6%	-267.7K	4.0M	-12.7K	9.17	75.18	6	55	862	6,627
2020-05-20	$56.82	$62.00	16.3%	4.7%	10.6%	15.1%	19.4%	6.6%	0.3%	-138.0K	3.4M	-11.4K	4.15	78.67	52	216	867	6,680
2020-05-21	$56.87	$62.00	15.7%	4.5%	10.1%	14.5%	15.5%	4.8%	0.5%	-62.4K	3.2M	-11.0K	22.50	80.94	2	45	864	6,601
2020-05-22	$57.18	$62.00	14.3%	4.1%	10.0%	13.0%	13.8%	4.1%	2.0%	-84.7K	3.2M	-10.8K	3.00	77.11	10	30	865	6,481
2020-05-26	$57.22	$62.00	15.8%	4.5%	10.1%	14.5%	18.5%	4.1%	0.2%	-84.6K	2.9M	-11.0K	18.00	91.11	3	54	864	6,595
2020-05-27	$57.31	$62.00	15.2%	4.4%	9.3%	13.9%	15.5%	3.6%	0.2%	-30.3K	2.7M	-9.3K	6.20	95.20	5	31	865	6,569
2020-05-28	$57.45	$62.00	14.6%	4.2%	9.3%	13.3%	16.6%	2.5%	0.3%	-10.3K	2.7M	-8.9K	4.33	109.36	6	26	863	6,576
2020-05-29	$57.80	$62.00	12.0%	3.4%	8.9%	10.5%	18.6%	4.5%	0.9%	11.1K	2.5M	-8.5K	11.50	116.15	4	46	868	6,601