HYD Options History — July 2020

In July 2020, HYD traded between $59.03 and $60.49. ATM implied volatility averaged 9.5%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 2.9%. IV traded above realized volatility by 4.4% (HV 20d: 5.1%). Max pain ranged from $58.00 to $59.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 4.05.

Notable Days

  • 2020-07-21: Highest Volume — 33,096 contracts
  • 2020-07-28: Largest IV spike — 42.9% change
  • 2020-07-28: Highest IV Rank — 10.9%
  • 2020-07-28: Largest Expected Move — 3.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.64$59.03$60.49$59.10$60.49
Max Pain$58.27$58.00$59.00$58.00$59.00
ATM IV9.5%7.7%12.4%9.1%9.9%
Expected Move2.9%2.2%3.5%2.6%2.8%
HV 20d5.1%2.9%7.7%7.7%2.9%
HV 60d8.4%6.3%13.2%13.2%6.3%
IV Rank7.9%6.1%10.9%7.5%8.4%
IV Percentile62.2%57.9%67.1%63.5%61.9%
Term Structure1.0%-1.0%3.3%2.5%1.6%
VWIV10.4%7.5%14.2%9.1%10.2%
Skew 25d2.7%0.7%4.5%4.5%2.9%
Skew 10d6.6%2.5%10.6%2.5%5.9%
Call IV 25d9.0%6.5%11.9%6.6%8.0%
Put IV 25d11.7%8.9%14.6%11.1%10.9%
Bid-Ask Spread %80.2143.08132.70132.70113.11
Gamma HHI0.390.160.520.320.52
Net GEX1.2M112.3K4.4M362.1K4.4M
Net DEX-11.6M-37.8M18.5K-555.5K-37.8M
Net VEX-112.2K-330.5K-8.8K-12.0K-225.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.050.0350.000.092.61
Total Volume1,850.682433,09635159
Total OI16,935.6824,58738,6654,80036,652

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-07-01$59.10$58.009.1%2.6%7.7%7.5%9.1%4.5%2.5%362.1K-555.5K-12.0K0.09132.703231,2323,568
2020-07-02$59.15$58.009.1%2.6%7.4%7.5%9.2%4.5%3.3%396.7K-692.9K-12.8K1.00111.12221,2633,569
2020-07-06$59.08$58.009.4%3.5%6.6%7.9%14.0%2.7%1.7%417.3K-368.5K-12.0K2.5343.083047691,2203,568
2020-07-07$59.14$58.009.5%3.4%6.6%7.9%0.0%3.2%1.6%437.0K-417.5K-11.2K0.0052.11051,2213,579
2020-07-08$59.12$58.009.7%3.3%6.6%8.1%14.2%2.5%1.2%449.0K-409.3K-10.6K50.0048.0121001,2213,584
2020-07-09$59.20$58.0010.1%3.4%6.6%8.6%0.0%2.8%0.9%423.6K-450.2K-11.1K0.1752.164171,2233,684
2020-07-10$59.03$58.009.5%3.2%6.3%7.9%12.5%3.1%0.6%453.3K-130.6K-10.9K2.7445.171062901,2213,686
2020-07-13$59.07$58.0011.1%3.1%6.3%9.6%13.9%3.7%0.3%333.4K18.5K-10.2K0.0077.610681,1723,940
2020-07-14$59.09$58.009.8%2.9%5.8%8.2%10.4%3.0%1.1%427.5K-20.3K-10.3K0.6856.8228191,1723,997
2020-07-15$59.17$58.0010.2%2.9%5.8%8.7%10.7%2.3%1.0%543.6K-327.2K-9.9K2.9857.173099201,2003,998
2020-07-16$59.50$58.0010.4%3.0%5.8%8.9%9.8%2.7%0.5%295.7K-733.5K-9.9K0.0353.203411,2004,010
2020-07-17$59.53$58.007.9%2.3%5.6%6.2%10.1%2.3%1.6%355.1K-723.2K-8.8K4.4184.18291281,2174,011
2020-07-20$59.69$58.009.5%2.7%5.7%7.9%9.6%3.5%-1.0%112.3K-468.0K-9.2K0.2995.533561058133,774
2020-07-21$59.98$58.007.7%2.2%3.4%6.1%9.5%1.8%1.1%336.1K-1.5M-12.4K0.9890.6916,67416,4221,1293,876
2020-07-22$60.05$58.007.9%2.3%3.4%6.3%8.0%2.1%0.3%2.4M-24.3M-318.0K1.82100.80458217,75720,270
2020-07-23$60.15$58.008.3%2.4%3.3%6.7%7.5%2.0%0.6%2.2M-29.4M-285.3K0.2094.933146417,76020,352
2020-07-24$60.19$59.008.6%2.5%3.3%7.0%9.3%2.0%0.0%2.9M-31.3M-283.8K5.8683.4874118,03320,402
2020-07-27$60.21$59.008.6%2.5%3.3%7.0%8.5%1.8%0.1%2.6M-31.7M-284.3K0.5586.901045718,03820,416
2020-07-28$60.31$59.0012.4%3.5%3.3%10.9%13.9%2.7%0.7%2.0M-29.7M-330.5K3.0268.044613918,05120,471
2020-07-29$60.36$59.009.4%2.7%3.2%7.8%10.0%0.7%2.7%2.5M-34.9M-285.2K0.96106.931,2771,22918,07020,595
2020-07-30$60.44$59.0010.4%3.0%2.9%8.9%8.5%3.1%-0.0%2.1M-29.9M-303.8K0.08110.893662916,94719,423
2020-07-31$60.49$59.009.9%2.8%2.9%8.4%10.2%2.9%1.6%4.4M-37.8M-225.5K2.61113.114411517,20919,443