HYD Options History — March 2021

In March 2021, HYD traded between $61.39 and $62.16. ATM implied volatility averaged 9.0%, placing in the 6.6% IV rank vs the trailing year. The 30-day expected move averaged 2.6%. IV traded above realized volatility by 4.4% (HV 20d: 4.7%). Max pain ranged from $62.00 to $62.00. Net GEX was positive for 11 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 4.21.

Notable Days

  • 2021-03-23: Highest Volume — 200 contracts
  • 2021-03-04: Largest IV spike — 29.6% change
  • 2021-03-18: Highest IV Rank — 9.1%
  • 2021-03-18: Largest Expected Move — 3.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$61.77$61.39$62.16$61.39$62.16
Max Pain$62.00$62.00$62.00$62.00$62.00
ATM IV9.0%6.7%11.9%10.0%6.7%
Expected Move2.6%1.9%3.4%2.9%1.9%
HV 20d4.7%3.6%5.4%4.9%3.7%
HV 60d3.9%3.6%4.1%3.8%4.0%
IV Rank6.6%5.1%9.1%7.1%5.2%
IV Percentile49.7%27.8%69.0%59.9%27.8%
Term Structure0.1%-1.4%1.9%0.5%0.8%
VWIV9.8%6.7%16.0%10.3%6.7%
Skew 25d2.3%0.0%4.0%2.6%2.1%
Skew 10d5.1%-1.9%11.4%8.4%11.4%
Call IV 25d8.9%6.5%10.8%8.4%6.5%
Put IV 25d11.2%8.3%14.4%11.1%8.6%
Bid-Ask Spread %90.1848.76113.45100.7099.35
Gamma HHI0.260.200.410.200.41
Net GEX39.7K-62.6K188.4K-62.6K188.4K
Net DEX-387.2K-755.1K76.1K76.1K-755.1K
Net VEX-5.6K-7.0K-4.3K-6.7K-4.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.210.0028.001.190.00
Total Volume25.1302004610
Total OI962.875431,1321,081749

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-03-01$61.39$62.0010.0%2.9%4.9%7.1%10.3%2.6%0.5%-62.6K76.1K-6.7K1.19100.702125384697
2021-03-02$61.43$62.008.4%2.4%4.8%5.4%8.1%2.1%1.3%-31.4K-53.4K-6.6K0.0098.86017405716
2021-03-03$61.51$62.008.1%2.3%4.8%5.1%7.7%0.0%1.9%-15.5K-125.6K-6.6K2.80113.45514405711
2021-03-04$61.48$62.0010.5%3.1%4.8%7.6%0.0%3.0%-0.5%-43.1K-102.7K-7.0K0.0091.67390405716
2021-03-05$61.55$62.009.1%3.0%4.8%6.2%0.0%2.7%-0.4%-37.1K-128.6K-6.7K0.0098.8600391716
2021-03-08$61.56$62.009.5%3.0%4.8%6.6%0.0%3.5%-0.2%-28.1K-174.0K-6.5K0.0093.10210391716
2021-03-09$61.74$62.009.5%3.0%4.9%6.5%0.0%3.1%-0.7%8.1K-365.3K-6.5K0.0095.27140411716
2021-03-10$61.99$62.009.0%2.6%5.1%6.0%0.0%2.6%-0.2%142.6K-644.5K-5.5K21.50102.03243405716
2021-03-11$62.02$62.009.2%2.6%5.2%6.2%0.0%3.0%-0.3%149.9K-668.4K-5.5K0.00100.8700407725
2021-03-12$61.93$62.0011.3%3.2%5.1%8.4%10.4%3.6%-1.4%101.3K-530.5K-6.0K0.0094.8810407725
2021-03-15$61.93$62.0010.9%3.1%5.1%8.1%12.1%2.7%-0.9%135.5K-595.9K-5.6K0.0082.80014408715
2021-03-16$61.93$62.0010.4%3.0%5.0%7.6%10.3%2.0%-0.3%119.4K-590.2K-5.7K0.0086.4340408722
2021-03-17$61.94$62.0010.4%3.0%4.9%7.5%0.0%2.8%-0.4%159.5K-625.3K-5.3K5.0086.53210408722
2021-03-18$61.49$62.0011.9%3.4%5.4%9.1%12.7%3.3%-1.0%-2.5K-207.3K-5.5K3.2264.06929410713
2021-03-19$61.61$62.0010.7%3.1%5.3%7.8%16.0%4.0%-0.4%89.1K-326.0K-5.3K6.0083.9216419708
2021-03-22$61.64$62.008.2%2.4%4.5%5.4%10.4%3.4%0.5%47.5K-407.6K-4.8K28.0092.66128308235
2021-03-23$61.69$62.007.8%2.2%4.5%6.5%9.3%2.1%0.4%40.8K-407.2K-4.9K3.0048.7650150311262
2021-03-24$61.91$62.007.5%2.2%4.3%6.2%8.6%0.6%0.7%-20.4K-405.8K-4.8K0.2051.1451301392
2021-03-25$61.95$62.007.2%2.1%4.0%5.9%0.0%0.7%0.7%-3.0K-448.0K-4.7K0.0093.8600304393
2021-03-26$61.93$62.007.1%2.0%3.7%5.7%7.1%0.5%0.5%-2.5K-443.3K-4.6K0.6797.7032304393
2021-03-29$61.93$62.007.4%2.1%3.6%6.2%0.0%0.5%0.8%-19.4K-461.8K-4.5K0.0098.0300304394
2021-03-30$62.00$62.007.3%2.1%3.6%6.0%7.3%2.3%0.2%-4.1K-515.0K-4.3K0.0099.33510304394
2021-03-31$62.16$62.006.7%1.9%3.7%5.2%6.7%2.1%0.8%188.4K-755.1K-4.3K0.0099.35100355394