HYD Options History — November 2020

In November 2020, HYD traded between $59.26 and $60.90. ATM implied volatility averaged 6.5%, placing in the 4.8% IV rank vs the trailing year. The 30-day expected move averaged 2.0%. IV traded above realized volatility by 2.9% (HV 20d: 3.7%). Max pain ranged from $58.00 to $60.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.93.

Notable Days

2020-11-18: Highest Volume — 294 contracts
2020-11-20: Largest IV spike — 39.3% change
2020-11-02: Highest IV Rank — 8.5%
2020-11-02: Largest Expected Move — 2.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$60.18	$59.26	$60.90	$59.26	$60.90
Max Pain	$58.95	$58.00	$60.00	$60.00	$59.00
ATM IV	6.5%	4.7%	10.0%	10.0%	5.7%
Expected Move	2.0%	1.6%	2.9%	2.9%	1.6%
HV 20d	3.7%	2.0%	4.1%	2.0%	3.4%
HV 60d	3.0%	2.6%	3.2%	2.6%	2.8%
IV Rank	4.8%	2.9%	8.5%	8.5%	4.0%
IV Percentile	35.1%	27.8%	58.3%	58.3%	28.6%
Term Structure	-0.0%	-2.0%	2.0%	-0.3%	0.9%
VWIV	7.7%	5.6%	16.2%	8.2%	11.0%
Skew 25d	4.4%	-0.7%	60.7%	4.1%	60.7%
Skew 10d	6.8%	-1.2%	85.7%	1.9%	85.7%
Call IV 25d	6.7%	5.5%	8.2%	7.6%	5.6%
Put IV 25d	11.2%	5.2%	66.3%	11.7%	66.3%
Bid-Ask Spread %	117.19	92.40	157.47	126.00	123.16
Gamma HHI	0.80	0.50	0.99	0.50	0.99
Net GEX	15.5M	4.3M	32.0M	4.3M	32.0M
Net DEX	-24.7M	-42.0M	-12.9M	-12.9M	-40.1M
Net VEX	-84.8K	-99.2K	-74.2K	-96.3K	-77.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.93	0.00	8.40	6.50	8.40
Total Volume	62.9	0	294	15	0
Total OI	32,590.3	32,157	32,834	32,488	32,278

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
2020-11-02	$59.26	$60.00	10.0%	2.9%	2.0%	8.5%	8.2%	4.1%	-0.3%	4.3M	-12.9M	-96.3K	6.50	126.00	2	13	16,250	16,238
2020-11-03	$59.39	$60.00	8.3%	2.4%	2.2%	6.7%	7.2%	4.7%	2.0%	6.2M	-13.1M	-76.6K	4.43	114.14	7	31	16,250	16,238
2020-11-04	$59.88	$60.00	5.6%	1.6%	3.6%	3.8%	5.6%	-0.7%	1.2%	10.4M	-15.4M	-80.0K	0.22	157.47	200	44	16,251	16,261
2020-11-05	$59.73	$58.00	4.7%	2.3%	3.8%	2.9%	16.2%	-0.3%	-2.0%	10.0M	-16.0M	-82.4K	0.00	140.18	0	8	16,451	16,251
2020-11-06	$59.78	$58.00	4.7%	2.1%	3.7%	2.9%	7.0%	1.6%	-1.6%	11.8M	-19.3M	-93.0K	0.03	146.13	31	1	16,451	16,251
2020-11-09	$59.90	$58.00	5.6%	1.9%	3.8%	3.9%	6.7%	0.4%	-0.5%	11.8M	-16.1M	-77.8K	0.35	142.52	17	6	16,452	16,250
2020-11-10	$59.91	$58.00	5.3%	2.1%	3.8%	3.5%	7.7%	1.8%	-0.4%	12.1M	-18.4M	-82.0K	0.00	114.54	0	20	16,476	16,244
2020-11-11	$59.96	$59.00	6.8%	1.9%	3.8%	5.1%	0.0%	0.7%	0.0%	12.3M	-16.4M	-74.2K	0.00	119.15	1	0	16,476	16,257
2020-11-12	$59.95	$59.00	6.8%	2.0%	3.8%	5.1%	0.0%	1.7%	0.2%	12.4M	-16.8M	-75.0K	0.00	119.51	0	10	16,477	16,257
2020-11-13	$60.07	$59.00	7.0%	2.0%	3.8%	5.4%	7.2%	1.8%	0.1%	14.0M	-19.3M	-78.8K	5.36	114.93	11	59	16,477	16,267
2020-11-16	$60.09	$59.00	7.4%	2.1%	3.8%	5.8%	5.7%	1.2%	0.2%	14.0M	-20.4M	-78.5K	0.92	92.40	13	12	16,468	16,321
2020-11-17	$60.21	$59.00	6.8%	1.9%	3.8%	5.1%	6.9%	2.0%	-0.1%	15.4M	-22.6M	-83.4K	0.67	95.18	45	30	16,468	16,331
2020-11-18	$60.29	$59.00	6.8%	2.0%	3.8%	5.1%	6.9%	1.3%	0.1%	16.3M	-24.2M	-83.3K	0.08	92.40	273	21	16,472	16,361
2020-11-19	$60.59	$59.00	5.6%	1.6%	4.1%	3.8%	5.7%	1.8%	0.5%	19.2M	-32.4M	-93.5K	0.41	99.36	94	39	16,472	16,362
2020-11-20	$60.64	$59.00	7.8%	2.2%	4.1%	6.1%	0.0%	2.1%	-0.9%	17.8M	-36.7M	-99.2K	0.00	106.23	4	0	16,467	16,352
2020-11-23	$60.68	$59.00	6.4%	1.8%	4.1%	4.7%	7.6%	2.7%	-0.2%	17.4M	-38.0M	-96.5K	1.55	95.40	84	130	16,094	16,063
2020-11-24	$60.73	$59.00	6.6%	1.9%	4.0%	4.9%	6.2%	-0.2%	0.1%	24.1M	-34.0M	-87.9K	0.00	116.40	4	0	16,090	16,155
2020-11-25	$60.82	$59.00	6.3%	1.8%	3.9%	4.6%	7.5%	1.6%	-0.2%	21.4M	-42.0M	-95.2K	8.40	115.37	5	42	16,094	16,155
2020-11-27	$60.86	$59.00	6.1%	1.7%	3.8%	4.3%	11.0%	-0.5%	0.4%	27.8M	-39.3M	-84.5K	0.00	113.39	0	1	16,095	16,183
2020-11-30	$60.90	$59.00	5.7%	1.6%	3.4%	4.0%	0.0%	60.7%	0.9%	32.0M	-40.1M	-77.2K	0.00	123.16	0	0	16,095	16,183