HYD Options History — August 2020

In August 2020, HYD traded between $59.87 and $60.64. ATM implied volatility averaged 9.1%, placing in the 7.5% IV rank vs the trailing year. The 30-day expected move averaged 2.7%. IV traded above realized volatility by 6.1% (HV 20d: 3.0%). Max pain ranged from $60.00 to $60.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 6.32.

Notable Days

  • 2020-08-28: Highest Volume — 3,440 contracts
  • 2020-08-12: Largest IV spike — 47.6% change
  • 2020-08-14: Highest IV Rank — 11.1%
  • 2020-08-14: Largest Expected Move — 3.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.30$59.87$60.64$60.33$60.19
Max Pain$60.00$60.00$60.00$60.00$60.00
ATM IV9.1%5.3%12.6%9.6%8.1%
Expected Move2.7%1.5%3.6%2.7%2.3%
HV 20d3.0%2.4%3.4%3.1%3.1%
HV 60d5.3%4.5%6.1%6.1%4.5%
IV Rank7.5%3.5%11.1%8.0%6.4%
IV Percentile56.6%46.0%67.1%61.1%51.6%
Term Structure1.5%0.2%3.8%2.5%2.5%
VWIV10.8%6.4%17.2%9.4%9.3%
Skew 25d3.5%0.8%6.1%3.0%1.5%
Skew 10d6.6%-1.0%10.7%6.1%3.9%
Call IV 25d8.4%5.5%10.8%9.0%8.0%
Put IV 25d11.9%7.3%16.0%12.0%9.6%
Bid-Ask Spread %103.7692.24121.2792.26109.16
Gamma HHI0.560.400.830.500.40
Net GEX4.3M2.6M7.6M3.5M2.8M
Net DEX-27.1M-32.9M-22.8M-22.8M-26.3M
Net VEX-269.5K-355.1K-175.5K-349.7K-192.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.320.0970.752.001.08
Total Volume273.857263,44036667
Total OI36,717.14335,85039,34936,72739,349

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-08-03$60.33$60.009.6%2.7%3.1%8.0%9.4%3.0%2.5%3.5M-22.8M-349.7K2.0092.26122417,18219,545
2020-08-04$60.48$60.009.8%2.8%3.1%8.3%9.3%2.8%1.0%2.9M-31.8M-304.8K0.60101.32533217,19019,565
2020-08-05$60.49$60.0010.2%2.9%3.1%8.7%10.0%3.3%1.6%3.6M-25.1M-355.1K0.24121.2738917,21619,593
2020-08-06$60.51$60.008.3%3.0%3.1%6.6%11.3%5.6%1.5%3.7M-26.1M-351.3K3.6792.24155517,21619,599
2020-08-07$60.64$60.008.8%2.8%2.7%7.2%11.9%4.5%1.7%3.9M-29.2M-331.6K2.3896.85133117,22019,652
2020-08-10$60.62$60.008.3%2.7%2.8%6.7%10.2%4.3%2.0%3.8M-32.9M-295.6K0.3897.0124917,16119,675
2020-08-11$60.60$60.007.8%2.8%2.8%6.1%16.4%3.9%1.7%4.4M-27.4M-338.5K1.8994.3291717,16219,675
2020-08-12$60.36$60.0011.5%3.3%3.4%10.0%10.6%5.1%0.6%3.5M-24.0M-337.8K0.7695.96463517,15819,679
2020-08-13$60.37$60.0011.9%3.4%2.9%10.5%13.7%5.4%1.4%3.3M-24.6M-336.6K1.1695.96192217,17519,684
2020-08-14$60.43$60.0012.6%3.6%2.9%11.1%17.2%5.2%0.3%3.6M-24.3M-336.3K7.60100.4853817,18119,698
2020-08-17$60.40$60.0012.4%3.6%2.9%11.0%12.4%4.7%0.8%2.6M-28.2M-305.2K0.09100.301671517,18319,704
2020-08-18$60.40$60.0011.5%3.3%2.4%10.1%11.8%3.5%0.3%3.0M-28.6M-274.9K0.17100.111963417,04219,699
2020-08-19$60.33$60.009.8%2.8%2.4%8.2%14.1%3.1%1.2%3.7M-25.9M-273.3K2.71107.7371917,02519,711
2020-08-20$60.09$60.009.0%2.6%2.8%7.4%12.3%6.1%0.2%3.9M-26.1M-193.5K70.75105.80428317,02219,721
2020-08-21$59.87$60.006.9%2.0%3.1%5.2%7.9%2.7%1.2%6.5M-25.1M-175.5K0.56117.40714017,01819,873
2020-08-24$60.01$60.006.8%2.0%3.2%5.1%7.7%2.6%1.5%5.7M-26.9M-178.0K1.08106.00394216,31719,580
2020-08-25$60.08$60.006.4%1.8%3.2%4.7%7.7%1.9%1.4%7.6M-28.1M-181.0K1.18108.94384516,33119,580
2020-08-26$60.02$60.005.3%1.5%3.1%3.5%6.4%1.8%2.3%7.3M-27.2M-175.9K7.55115.54118316,28319,567
2020-08-27$59.98$60.007.7%2.2%3.1%6.0%8.1%0.8%3.8%5.2M-29.7M-189.3K1.44111.25182616,28519,621
2020-08-28$60.09$60.007.7%2.2%3.2%6.0%9.8%0.9%2.7%6.5M-29.3M-183.7K25.46109.061303,31016,30219,621
2020-08-31$60.19$60.008.1%2.3%3.1%6.4%9.3%1.5%2.5%2.8M-26.3M-192.0K1.08109.1632134616,42822,921