HYD Options History — February 2023

In February 2023, HYD traded between $50.91 and $52.83. ATM implied volatility averaged 8.8%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 2.5%. IV traded above realized volatility by 2.7% (HV 20d: 6.1%). Max pain ranged from $51.00 to $52.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 0.25.

Notable Days

2023-02-09: Highest Volume — 180 contracts
2023-02-06: Largest IV spike — 26.4% change
2023-02-07: Highest IV Rank — 26.2%
2023-02-13: Largest Expected Move — 2.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.77	$50.91	$52.83	$52.48	$51.03
Max Pain	$51.74	$51.00	$52.00	$52.00	$51.00
ATM IV	8.8%	8.0%	10.4%	9.1%	8.3%
Expected Move	2.5%	2.3%	2.6%	2.6%	2.4%
HV 20d	6.1%	5.5%	7.2%	6.9%	5.9%
HV 60d	7.8%	6.7%	9.8%	9.6%	7.0%
IV Rank	14.1%	7.7%	26.2%	16.2%	10.2%
IV Percentile	8.1%	2.4%	23.8%	10.7%	3.6%
Term Structure	0.2%	-2.2%	1.1%	-2.2%	0.4%
VWIV	9.0%	7.2%	11.4%	7.3%	7.2%
Skew 25d	0.5%	-10.2%	2.1%	-0.4%	1.9%
Skew 10d	4.4%	-16.9%	12.3%	-1.8%	4.1%
Call IV 25d	9.0%	7.1%	19.6%	8.5%	7.8%
Put IV 25d	9.6%	8.2%	10.1%	8.2%	9.7%
Bid-Ask Spread %	103.39	86.75	119.73	110.95	119.73
Gamma HHI	0.47	0.38	0.56	0.44	0.52
Net GEX	689.2K	351.3K	1.1M	933.0K	412.3K
Net DEX	-2.6M	-4.9M	-1.0M	-4.1M	-1.2M
Net VEX	-16.1K	-19.1K	-12.3K	-19.1K	-12.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.25	0.00	1.00	0.27	0.17
Total Volume	29.053	0	180	14	0
Total OI	2,830.579	2,573	3,036	2,884	2,586

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
2023-02-01	$52.48	$52.00	9.1%	2.6%	6.9%	16.2%	7.3%	-0.4%	-2.2%	933.0K	-4.1M	-19.1K	0.27	110.95	11	3	2,239	645
2023-02-02	$52.83	$52.00	8.8%	2.3%	6.7%	14.0%	8.0%	1.4%	0.6%	1.1M	-4.9M	-19.1K	0.00	99.75	1	0	2,244	645
2023-02-03	$52.53	$52.00	8.0%	2.3%	7.2%	7.7%	0.0%	-10.2%	0.8%	1.0M	-4.2M	-19.0K	0.00	110.80	0	0	2,245	645
2023-02-06	$52.32	$52.00	10.1%	2.6%	6.9%	23.3%	10.0%	1.8%	-0.3%	886.6K	-3.8M	-18.5K	1.00	102.23	2	2	2,245	645
2023-02-07	$52.24	$52.00	10.4%	2.6%	6.9%	26.2%	10.2%	1.5%	0.2%	884.7K	-3.6M	-18.3K	0.00	86.90	0	59	2,247	653
2023-02-08	$52.29	$52.00	9.1%	2.6%	6.9%	15.9%	0.0%	1.6%	0.0%	937.1K	-3.7M	-18.4K	0.00	98.56	0	0	2,247	670
2023-02-09	$52.19	$52.00	8.8%	2.5%	6.2%	14.2%	8.1%	1.5%	0.2%	919.7K	-3.4M	-18.0K	0.00	96.81	180	0	2,245	670
2023-02-10	$52.11	$52.00	8.7%	2.5%	5.9%	13.3%	9.7%	0.7%	0.3%	864.7K	-3.3M	-17.9K	0.00	106.18	0	30	2,239	685
2023-02-13	$52.11	$52.00	9.2%	2.6%	5.8%	17.0%	11.4%	0.8%	0.6%	850.7K	-3.3M	-17.7K	0.00	97.25	0	94	2,239	693
2023-02-14	$52.16	$52.00	8.1%	2.3%	5.7%	9.1%	0.0%	1.3%	1.1%	936.5K	-3.2M	-17.4K	0.00	96.35	0	15	2,239	774
2023-02-15	$51.70	$52.00	8.7%	2.5%	5.5%	13.1%	9.8%	2.0%	1.1%	639.0K	-2.2M	-16.5K	0.00	104.25	0	21	2,238	790
2023-02-16	$51.36	$52.00	8.8%	2.5%	5.5%	13.7%	8.1%	1.1%	-0.3%	487.1K	-1.5M	-14.9K	0.55	115.66	20	11	2,238	789
2023-02-17	$51.25	$52.00	8.4%	2.4%	5.5%	10.8%	9.4%	1.3%	0.0%	351.3K	-1.2M	-14.3K	0.00	95.61	0	31	2,236	800
2023-02-21	$50.94	$52.00	8.9%	2.6%	5.6%	15.1%	8.8%	-0.3%	0.3%	357.4K	-1.2M	-13.2K	0.21	97.83	42	9	2,088	485
2023-02-22	$51.00	$51.00	8.6%	2.5%	5.6%	12.5%	9.2%	-0.1%	0.6%	390.3K	-1.2M	-13.1K	0.00	105.92	2	0	2,128	490
2023-02-23	$51.12	$51.00	8.3%	2.4%	5.8%	10.0%	8.2%	-0.3%	1.0%	405.7K	-1.4M	-13.7K	0.09	114.19	11	1	2,092	490
2023-02-24	$50.91	$51.00	8.8%	2.5%	5.8%	14.2%	7.2%	2.1%	-0.3%	379.4K	-1.0M	-12.3K	0.17	86.75	6	1	2,103	488
2023-02-27	$51.01	$51.00	8.3%	2.4%	5.9%	10.6%	0.0%	2.1%	0.5%	391.8K	-1.2M	-12.5K	0.00	118.63	0	0	2,097	489
2023-02-28	$51.03	$51.00	8.3%	2.4%	5.9%	10.2%	0.0%	1.9%	0.4%	412.3K	-1.2M	-12.3K	0.00	119.73	0	0	2,097	489