HYD Options History — March 2022

In March 2022, HYD traded between $57.22 and $59.56. ATM implied volatility averaged 11.1%, placing in the 39.2% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded above realized volatility by 6.2% (HV 20d: 4.9%). Max pain ranged from $55.00 to $62.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 5.69.

Notable Days

  • 2022-03-01: Highest Volume — 1,425 contracts
  • 2022-03-24: Largest IV spike — 51.2% change
  • 2022-03-24: Highest IV Rank — 51.8%
  • 2022-03-04: Largest Expected Move — 3.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.29$57.22$59.56$59.40$57.43
Max Pain$59.35$55.00$62.00$62.00$57.00
ATM IV11.1%8.2%13.7%10.6%8.2%
Expected Move3.3%3.0%3.7%3.0%3.0%
HV 20d4.9%3.8%5.8%3.8%5.8%
HV 60d3.9%3.1%4.4%3.1%4.4%
IV Rank39.2%25.9%51.8%37.0%25.9%
IV Percentile93.9%79.8%99.6%95.6%79.8%
Term Structure0.5%-1.0%5.0%-0.5%5.0%
VWIV14.8%11.2%22.7%11.2%11.2%
Skew 25d4.0%2.3%6.2%2.8%3.1%
Skew 10d9.0%6.0%17.5%7.8%13.8%
Call IV 25d9.9%7.0%11.2%9.1%8.9%
Put IV 25d13.8%11.4%17.0%11.9%12.0%
Bid-Ask Spread %90.4150.84119.33110.3186.31
Gamma HHI0.320.210.450.290.35
Net GEX-695.9K-1.0M-405.0K-776.2K-575.9K
Net DEX3.4M1.7M5.9M3.3M1.8M
Net VEX-9.6K-15.1K-7.1K-9.1K-9.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.691.737.857.852.07
Total Volume938.0873491,4251,425412
Total OI2,489.0432,0133,2362,3712,341

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-03-01$59.40$62.0010.6%3.0%3.8%37.0%11.2%2.8%-0.5%-776.2K3.3M-9.1K7.85110.311611,2645321,839
2022-03-02$59.56$62.0010.7%3.1%4.0%37.5%16.5%4.5%-0.3%-756.4K3.0M-8.0K6.59112.551581,0425571,839
2022-03-03$59.49$62.0012.8%3.7%3.9%47.3%14.3%4.1%-1.0%-650.8K3.0M-7.1K6.88107.061581,0875581,889
2022-03-04$59.28$62.0013.1%3.7%3.8%48.7%15.3%4.3%-1.0%-797.1K3.6M-9.0K6.66104.151581,0535581,899
2022-03-07$59.03$62.0012.8%3.7%3.9%47.4%16.1%4.3%-0.9%-765.0K3.7M-7.2K6.71106.521571,0535581,906
2022-03-08$58.70$62.0012.3%3.5%4.2%45.1%16.2%5.2%-0.9%-768.8K4.5M-8.5K6.8964.671571,0815591,906
2022-03-09$58.87$62.0011.1%3.6%4.5%39.5%13.5%3.4%0.0%-795.4K4.3M-7.6K7.11114.871661,1805591,930
2022-03-10$58.73$62.0012.0%3.4%4.5%43.5%13.9%4.9%-0.5%-698.5K4.6M-9.2K5.32115.061427555681,943
2022-03-11$58.60$62.0010.9%3.1%3.9%38.4%13.8%4.5%0.1%-717.4K4.5M-8.5K2.82113.521424005742,022
2022-03-14$58.01$60.0012.3%3.4%4.9%45.2%16.7%4.9%-0.4%-704.2K5.3M-8.5K5.7874.151548905742,025
2022-03-15$58.01$60.0011.6%3.3%4.9%41.7%16.7%5.0%-0.1%-993.8K5.9M-11.1K5.1764.981638425942,546
2022-03-16$58.10$60.0011.8%3.4%4.9%42.5%16.2%3.9%-0.4%-1.0M5.5M-9.8K4.4880.511928606142,550
2022-03-17$58.34$0.0011.2%3.2%5.2%39.9%0.0%4.7%0.2%-973.8K5.3M-10.2K4.9379.291768676722,564
2022-03-18$58.50$0.0011.0%3.2%5.3%39.1%0.0%3.6%0.2%-888.0K4.9M-9.6K5.5872.091598886722,564
2022-03-21$58.10$0.0011.1%3.3%5.6%39.3%16.5%3.7%0.3%-414.3K1.7M-12.1K5.2477.611306814501,563
2022-03-22$57.92$55.009.8%3.2%5.6%33.4%14.7%3.4%1.4%-473.1K1.7M-11.4K6.3870.761096955031,591
2022-03-23$57.81$56.009.1%3.1%5.6%29.9%14.3%2.6%1.8%-509.9K1.8M-11.4K7.0884.95966805241,607
2022-03-24$57.54$56.0013.7%3.7%5.7%51.8%22.7%6.2%1.2%-405.0K2.1M-15.1K7.73119.33967425441,614
2022-03-25$57.38$56.009.8%3.4%5.7%33.3%14.1%2.7%2.1%-580.4K1.8M-9.7K7.7386.91967425441,685
2022-03-28$57.22$56.009.3%3.2%5.7%31.1%14.2%2.6%1.8%-562.4K2.2M-11.0K7.6397.93967325441,687
2022-03-29$57.31$56.009.8%3.1%5.8%33.3%11.7%2.3%1.3%-598.1K1.8M-9.1K2.6085.00972525441,690
2022-03-30$57.28$57.009.1%3.1%5.6%29.8%11.5%4.4%1.7%-566.1K2.1M-9.7K1.7350.841522635451,701
2022-03-31$57.43$57.008.2%3.0%5.8%25.9%11.2%3.1%5.0%-575.9K1.8M-9.1K2.0786.311342786001,741