HYD Options History — January 2023

In January 2023, HYD traded between $50.75 and $52.91. ATM implied volatility averaged 11.5%, placing in the 42.4% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded above realized volatility by 3.5% (HV 20d: 8.0%). Max pain ranged from $51.00 to $52.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 1.28.

Notable Days

2023-01-06: Highest Volume — 502 contracts
2023-01-25: Largest IV drop — 27.9% change
2023-01-10: Highest IV Rank — 61.9%
2023-01-17: Largest Expected Move — 3.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$52.21	$50.75	$52.91	$50.75	$52.45
Max Pain	$51.90	$51.00	$52.00	$51.00	$52.00
ATM IV	11.5%	8.2%	13.7%	13.4%	8.2%
Expected Move	3.3%	2.3%	3.9%	3.8%	2.3%
HV 20d	8.0%	6.9%	8.9%	7.2%	6.9%
HV 60d	9.9%	9.7%	10.1%	9.9%	9.7%
IV Rank	42.4%	9.2%	61.9%	60.7%	9.2%
IV Percentile	41.4%	2.4%	72.6%	69.8%	2.4%
Term Structure	-0.2%	-1.6%	0.8%	0.1%	0.2%
VWIV	12.8%	9.0%	16.7%	16.1%	10.3%
Skew 25d	2.0%	0.7%	3.1%	2.2%	0.8%
Skew 10d	6.4%	2.6%	12.4%	3.4%	2.6%
Call IV 25d	11.1%	8.8%	13.1%	13.1%	8.8%
Put IV 25d	13.1%	9.6%	15.3%	15.3%	9.6%
Bid-Ask Spread %	87.23	56.38	125.37	90.95	105.79
Gamma HHI	0.37	0.30	0.49	0.32	0.49
Net GEX	932.2K	584.8K	1.3M	648.4K	1.1M
Net DEX	-5.1M	-7.8M	-2.8M	-2.8M	-4.0M
Net VEX	-21.3K	-23.8K	-17.9K	-20.9K	-18.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.28	0.00	10.00	0.07	2.50
Total Volume	79.85	0	502	29	7
Total OI	3,123.15	2,749	3,688	2,959	2,907

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
2023-01-03	$50.75	$51.00	13.4%	3.8%	7.2%	60.7%	16.1%	2.2%	0.1%	648.4K	-2.8M	-20.9K	0.07	90.95	27	2	2,547	412
2023-01-04	$51.18	$51.00	13.4%	3.8%	7.8%	60.4%	12.1%	2.1%	-0.1%	748.2K	-3.6M	-21.9K	1.90	105.70	21	40	2,567	414
2023-01-05	$51.34	$52.00	13.2%	3.9%	7.9%	59.6%	14.6%	2.3%	-0.7%	827.8K	-3.9M	-22.0K	0.00	92.74	0	33	2,584	414
2023-01-06	$51.75	$52.00	11.3%	3.6%	8.4%	48.7%	13.8%	2.0%	-0.0%	927.7K	-4.8M	-22.4K	0.66	95.43	302	200	2,584	444
2023-01-09	$51.88	$52.00	12.8%	3.7%	8.4%	56.9%	12.1%	2.2%	-0.5%	842.5K	-4.8M	-22.3K	0.03	69.56	242	7	2,508	580
2023-01-10	$51.83	$52.00	13.7%	3.7%	8.4%	61.9%	0.0%	2.0%	0.2%	903.6K	-4.9M	-23.1K	0.00	56.38	0	0	2,650	587
2023-01-11	$52.27	$52.00	12.9%	3.7%	8.9%	57.6%	11.5%	3.1%	-0.0%	997.4K	-5.9M	-22.9K	1.96	75.24	47	92	2,650	587
2023-01-12	$52.55	$52.00	11.6%	3.3%	8.4%	50.5%	12.3%	2.7%	0.8%	1.1M	-6.8M	-22.6K	0.12	62.98	140	17	2,694	679
2023-01-13	$52.38	$52.00	13.0%	3.7%	8.5%	55.0%	14.2%	2.8%	-0.1%	1.1M	-6.8M	-23.8K	0.70	70.93	30	21	2,834	696
2023-01-17	$52.22	$52.00	13.7%	3.9%	8.4%	58.8%	13.0%	2.0%	-0.5%	1.1M	-6.4M	-23.2K	0.75	60.54	89	67	2,864	704
2023-01-18	$52.70	$52.00	11.6%	3.3%	8.9%	45.5%	13.1%	2.3%	-0.4%	1.2M	-7.8M	-22.3K	0.00	85.20	1	0	2,932	756
2023-01-19	$52.91	$52.00	10.7%	3.1%	8.5%	34.6%	13.5%	2.3%	0.3%	1.3M	-7.7M	-21.5K	0.00	105.86	0	1	2,795	756
2023-01-20	$52.83	$52.00	11.2%	3.2%	7.8%	38.0%	14.0%	2.5%	0.1%	1.0M	-6.9M	-21.2K	10.00	58.89	2	20	2,702	755
2023-01-23	$52.60	$52.00	11.9%	3.4%	7.9%	42.4%	12.7%	1.5%	-0.2%	584.8K	-4.3M	-21.2K	1.77	72.22	22	39	2,128	621
2023-01-24	$52.66	$52.00	11.9%	3.4%	7.7%	42.0%	16.7%	2.1%	0.1%	587.6K	-4.4M	-21.4K	0.31	104.07	16	5	2,149	640
2023-01-25	$52.48	$52.00	8.6%	2.5%	7.7%	19.3%	9.1%	0.7%	0.1%	869.2K	-3.8M	-19.3K	0.00	90.64	51	0	2,159	645
2023-01-26	$52.53	$52.00	8.5%	2.4%	7.2%	18.1%	9.0%	1.2%	-0.8%	957.5K	-4.0M	-19.3K	0.50	125.37	2	1	2,207	645
2023-01-27	$52.53	$52.00	9.1%	2.6%	6.9%	16.1%	10.3%	1.7%	-1.6%	960.6K	-4.0M	-18.6K	0.50	117.59	2	1	2,189	644
2023-01-30	$52.38	$52.00	8.7%	2.5%	7.1%	12.9%	0.0%	1.3%	-0.1%	953.2K	-3.7M	-17.9K	0.00	98.50	50	0	2,189	645
2023-01-31	$52.45	$52.00	8.2%	2.3%	6.9%	9.2%	0.0%	0.8%	0.2%	1.1M	-4.0M	-18.2K	2.50	105.79	2	5	2,262	645