HYD Options History — February 2021

In February 2021, HYD traded between $61.18 and $62.95. ATM implied volatility averaged 6.2%, placing in the 3.5% IV rank vs the trailing year. The 30-day expected move averaged 1.9%. IV traded above realized volatility by 3.1% (HV 20d: 3.0%). Max pain ranged from $62.00 to $62.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 1.92.

Notable Days

2021-02-18: Highest Volume — 97 contracts
2021-02-10: Largest IV spike — 35.6% change
2021-02-25: Highest IV Rank — 8.9%
2021-02-25: Largest Expected Move — 3.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.39	$61.18	$62.95	$62.61	$61.49
Max Pain	$62.00	$62.00	$62.00	$62.00	$62.00
ATM IV	6.2%	3.3%	11.7%	3.6%	9.9%
Expected Move	1.9%	1.0%	3.4%	1.0%	2.8%
HV 20d	3.0%	2.0%	4.9%	3.1%	4.9%
HV 60d	3.0%	2.7%	3.9%	3.1%	3.9%
IV Rank	3.5%	0.7%	8.9%	1.0%	7.0%
IV Percentile	26.1%	3.6%	65.9%	4.8%	58.7%
Term Structure	0.9%	-0.3%	2.4%	2.1%	0.1%
VWIV	9.3%	3.9%	19.8%	19.8%	11.9%
Skew 25d	2.3%	0.9%	3.4%	2.2%	3.4%
Skew 10d	7.9%	3.3%	20.2%	13.1%	8.2%
Call IV 25d	6.1%	3.3%	10.6%	3.7%	8.1%
Put IV 25d	8.4%	5.9%	13.7%	5.9%	11.4%
Bid-Ask Spread %	107.53	93.13	133.18	130.93	97.09
Gamma HHI	0.32	0.19	0.41	0.35	0.20
Net GEX	120.8K	-90.0K	227.8K	123.3K	-90.0K
Net DEX	-717.0K	-1.2M	140.7K	-730.5K	-44.7K
Net VEX	-4.5K	-6.7K	-3.2K	-3.3K	-6.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.92	0.00	20.00	0.00	20.00
Total Volume	27.632	1	97	2	21
Total OI	863.737	760	1,082	760	1,082

Daily Data (19 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
2021-02-01	$62.61	$62.00	3.6%	1.0%	3.1%	1.0%	19.8%	2.2%	2.1%	123.3K	-730.5K	-3.3K	0.00	130.93	2	0	255	505
2021-02-02	$62.66	$62.00	3.5%	1.0%	2.8%	0.9%	0.0%	2.8%	2.1%	126.6K	-748.7K	-3.3K	0.00	133.18	14	0	255	505
2021-02-03	$62.59	$62.00	3.5%	1.0%	2.8%	1.0%	3.9%	3.1%	2.4%	128.0K	-730.5K	-3.5K	0.08	130.20	12	1	262	505
2021-02-04	$62.69	$62.00	3.7%	1.5%	2.0%	1.2%	6.7%	1.8%	0.8%	203.2K	-841.5K	-3.4K	5.50	109.38	2	11	274	505
2021-02-05	$62.69	$62.00	3.3%	1.5%	2.0%	0.7%	5.3%	1.9%	1.0%	164.3K	-787.6K	-3.7K	0.00	102.00	1	0	276	516
2021-02-08	$62.84	$62.00	4.2%	1.6%	2.1%	1.7%	0.0%	1.8%	0.8%	186.9K	-914.5K	-3.2K	0.00	101.10	5	0	274	515
2021-02-09	$62.89	$62.00	4.2%	1.7%	2.1%	1.6%	0.0%	2.5%	1.0%	162.9K	-878.4K	-3.6K	0.32	98.95	31	10	274	515
2021-02-10	$62.90	$62.00	5.6%	1.6%	2.1%	3.2%	0.0%	1.9%	1.4%	188.3K	-1.1M	-3.8K	0.00	104.57	22	0	305	525
2021-02-11	$62.95	$62.00	6.1%	1.7%	2.1%	3.7%	0.0%	2.4%	0.9%	209.3K	-1.2M	-4.1K	0.00	97.35	0	21	327	525
2021-02-12	$62.91	$62.00	6.5%	1.8%	2.1%	4.0%	0.0%	1.9%	0.7%	177.8K	-1.2M	-4.8K	0.00	93.13	5	0	357	546
2021-02-16	$62.65	$62.00	6.7%	1.9%	2.7%	4.3%	0.0%	2.9%	0.9%	167.0K	-1.0M	-5.2K	0.00	112.63	2	0	362	546
2021-02-17	$62.74	$62.00	5.3%	1.5%	2.7%	2.7%	0.0%	2.2%	0.8%	227.8K	-1.1M	-5.0K	0.00	107.82	0	1	362	546
2021-02-18	$62.53	$62.00	6.4%	1.8%	3.0%	3.8%	8.8%	2.2%	0.6%	192.7K	-972.6K	-5.1K	0.08	104.33	90	7	362	546
2021-02-19	$62.25	$62.00	7.9%	2.3%	3.4%	5.4%	7.7%	1.3%	0.1%	97.5K	-610.4K	-4.7K	0.83	104.53	6	5	329	552
2021-02-22	$61.75	$62.00	8.0%	2.3%	4.4%	5.0%	7.6%	1.5%	0.4%	63.6K	-345.2K	-5.0K	0.06	115.92	77	5	322	507
2021-02-23	$61.70	$62.00	8.2%	2.3%	4.4%	5.2%	9.1%	2.9%	0.1%	52.7K	-390.1K	-5.7K	0.00	103.16	0	36	385	531
2021-02-24	$61.41	$62.00	8.7%	2.5%	4.5%	5.7%	9.3%	0.9%	0.6%	-21.2K	-206.3K	-5.4K	0.00	100.24	0	66	385	561
2021-02-25	$61.18	$62.00	11.7%	3.4%	4.6%	8.9%	12.4%	3.1%	-0.3%	-66.3K	140.7K	-6.7K	0.00	96.54	0	72	385	627
2021-02-26	$61.49	$62.00	9.9%	2.8%	4.9%	7.0%	11.9%	3.4%	0.1%	-90.0K	-44.7K	-6.4K	20.00	97.09	1	20	385	697