HYD Options History — April 2021

In April 2021, HYD traded between $61.89 and $62.65. ATM implied volatility averaged 6.2%, placing in the 6.2% IV rank vs the trailing year. The 30-day expected move averaged 1.7%. IV traded above realized volatility by 3.0% (HV 20d: 3.2%). Max pain ranged from $60.00 to $62.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 8.35.

Notable Days

2021-04-13: Highest Volume — 291 contracts
2021-04-05: Largest IV spike — 32.5% change
2021-04-13: Highest IV Rank — 11.7%
2021-04-05: Largest Expected Move — 2.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.34	$61.89	$62.65	$62.01	$62.65
Max Pain	$60.95	$60.00	$62.00	$62.00	$62.00
ATM IV	6.2%	4.5%	8.6%	6.2%	5.9%
Expected Move	1.7%	1.3%	2.1%	1.8%	1.7%
HV 20d	3.2%	2.5%	3.9%	3.8%	2.5%
HV 60d	3.9%	3.8%	4.0%	4.0%	3.9%
IV Rank	6.2%	2.7%	11.7%	4.3%	7.0%
IV Percentile	23.6%	7.1%	53.6%	21.4%	20.6%
Term Structure	0.7%	0.3%	2.3%	0.7%	0.4%
VWIV	6.4%	5.8%	7.1%	6.3%	6.5%
Skew 25d	1.4%	0.5%	2.8%	2.8%	0.5%
Skew 10d	5.2%	3.0%	11.0%	9.7%	3.5%
Call IV 25d	6.2%	4.8%	7.4%	5.6%	6.6%
Put IV 25d	7.5%	6.1%	9.4%	8.4%	7.2%
Bid-Ask Spread %	67.32	33.18	100.34	74.04	46.55
Gamma HHI	0.46	0.24	0.66	0.39	0.46
Net GEX	328.7K	162.5K	676.7K	162.5K	254.0K
Net DEX	-1.0M	-1.5M	-676.3K	-676.3K	-1.1M
Net VEX	-4.5K	-5.2K	-3.8K	-4.5K	-4.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	8.35	0.00	111.00	0.00	0.00
Total Volume	52.857	0	291	57	50
Total OI	814.333	538	1,000	744	1,000

Daily Data (21 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
2021-04-01	$62.01	$62.00	6.2%	1.8%	3.8%	4.3%	6.3%	2.8%	0.7%	162.5K	-676.3K	-4.5K	0.00	74.04	57	0	350	394
2021-04-05	$61.89	$60.00	8.2%	2.1%	3.9%	7.4%	0.0%	2.0%	0.5%	221.8K	-740.6K	-4.6K	20.00	91.87	1	20	407	394
2021-04-06	$61.90	$60.00	7.0%	2.1%	3.9%	6.6%	0.0%	1.2%	0.4%	269.2K	-778.3K	-4.6K	0.00	73.58	8	0	417	394
2021-04-07	$61.93	$60.00	6.0%	2.0%	3.8%	6.0%	0.0%	1.3%	0.5%	397.1K	-897.5K	-4.6K	0.00	80.59	1	0	425	394
2021-04-08	$62.16	$60.00	6.9%	2.0%	3.7%	8.0%	0.0%	1.1%	0.3%	428.2K	-1.1M	-4.3K	0.00	51.69	13	0	426	394
2021-04-09	$62.15	$60.00	7.4%	2.0%	3.7%	9.1%	0.0%	1.0%	0.5%	420.0K	-1.1M	-4.4K	0.00	74.18	1	0	434	394
2021-04-12	$62.15	$60.00	8.3%	2.0%	3.7%	11.0%	7.0%	1.0%	0.7%	495.0K	-1.1M	-4.3K	0.92	81.60	12	11	434	394
2021-04-13	$62.25	$60.00	8.6%	1.9%	3.7%	11.7%	6.8%	0.9%	0.5%	676.7K	-1.3M	-4.1K	3.28	74.04	68	223	446	403
2021-04-14	$62.26	$60.00	6.5%	1.9%	3.7%	7.1%	0.0%	0.9%	0.8%	509.2K	-1.2M	-4.4K	0.00	69.15	0	0	447	403
2021-04-15	$62.50	$60.00	6.2%	1.8%	3.9%	6.4%	0.0%	1.3%	0.7%	460.8K	-1.5M	-3.9K	0.00	65.22	0	20	447	403
2021-04-16	$62.45	$60.00	5.9%	1.7%	2.7%	5.7%	5.8%	2.0%	0.6%	476.1K	-1.5M	-3.8K	0.25	56.02	79	20	438	406
2021-04-19	$62.44	$60.00	6.3%	1.8%	2.7%	6.5%	7.1%	1.3%	0.5%	316.4K	-970.3K	-3.8K	3.10	55.67	50	155	358	180
2021-04-20	$62.39	$62.00	6.0%	1.7%	2.7%	6.0%	0.0%	1.0%	0.4%	215.8K	-844.0K	-5.2K	0.00	59.55	20	0	409	335
2021-04-21	$62.43	$62.00	4.9%	1.4%	2.7%	3.4%	0.0%	1.9%	2.3%	262.5K	-994.1K	-4.7K	0.20	47.63	10	2	429	335
2021-04-22	$62.64	$62.00	4.6%	1.3%	2.7%	2.9%	0.0%	1.0%	0.4%	324.5K	-1.2M	-4.8K	0.00	96.32	0	3	439	337
2021-04-23	$62.64	$62.00	5.0%	1.4%	2.7%	3.6%	0.0%	0.9%	0.6%	303.2K	-1.2M	-4.8K	111.00	33.18	1	111	439	340
2021-04-26	$62.62	$62.00	4.5%	1.3%	2.7%	2.7%	6.2%	2.2%	1.7%	181.6K	-935.3K	-4.4K	1.67	48.40	15	25	376	450
2021-04-27	$62.60	$62.00	5.3%	1.5%	2.7%	4.3%	0.0%	1.5%	0.6%	182.4K	-907.0K	-4.6K	0.00	39.84	0	11	391	472
2021-04-28	$62.59	$62.00	5.4%	1.5%	2.7%	4.6%	6.0%	1.7%	1.0%	170.7K	-870.9K	-4.7K	0.60	100.34	10	6	391	483
2021-04-29	$62.53	$62.00	5.5%	1.6%	2.7%	5.6%	6.5%	1.3%	0.4%	175.1K	-846.4K	-4.6K	0.95	94.21	55	52	401	492
2021-04-30	$62.65	$62.00	5.9%	1.7%	2.5%	7.0%	0.0%	0.5%	0.4%	254.0K	-1.1M	-4.8K	0.00	46.55	50	0	456	544