HYD Options History — March 2023

In March 2023, HYD traded between $50.59 and $51.72. ATM implied volatility averaged 9.2%, placing in the 16.1% IV rank vs the trailing year. The 30-day expected move averaged 2.5%. IV traded above realized volatility by 3.8% (HV 20d: 5.3%). Max pain ranged from $50.00 to $52.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 0.86.

Notable Days

  • 2023-03-17: Highest Volume — 180 contracts
  • 2023-03-10: Largest IV spike — 33.7% change
  • 2023-03-13: Highest IV Rank — 62.1%
  • 2023-03-13: Largest Expected Move — 3.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.01$50.59$51.72$50.64$51.72
Max Pain$51.26$50.00$52.00$51.00$51.00
ATM IV9.2%5.7%15.5%8.3%6.8%
Expected Move2.5%1.6%3.3%2.4%2.0%
HV 20d5.3%4.0%6.2%6.2%4.2%
HV 60d6.7%6.1%7.1%7.1%6.1%
IV Rank16.1%0.0%62.1%6.1%7.8%
IV Percentile18.0%0.0%79.8%3.2%1.2%
Term Structure0.1%-1.9%2.1%0.1%-0.3%
VWIV10.0%6.9%18.7%8.3%9.3%
Skew 25d2.1%0.8%4.2%1.4%0.9%
Skew 10d7.4%2.7%15.6%4.7%11.7%
Call IV 25d7.8%4.9%10.1%8.5%6.7%
Put IV 25d9.9%6.7%13.2%9.9%7.6%
Bid-Ask Spread %104.5063.84123.32113.92123.32
Gamma HHI0.560.450.690.490.69
Net GEX478.8K323.8K952.7K346.0K952.7K
Net DEX-1.3M-2.0M-855.1K-989.7K-2.0M
Net VEX-11.2K-13.1K-9.1K-12.2K-10.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.009.000.000.00
Total Volume23.34801802051
Total OI2,3501,9042,6622,5862,040

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$50.64$51.008.3%2.4%6.2%6.1%8.3%1.4%0.1%346.0K-989.7K-12.2K0.00113.922002,097489
2023-03-02$50.59$51.007.5%2.2%6.2%0.2%9.8%2.5%0.5%323.8K-855.1K-11.6K0.00110.10702,117489
2023-03-03$50.80$51.008.9%2.5%5.8%10.8%8.8%2.2%0.1%389.2K-1.2M-12.4K0.00111.762702,124494
2023-03-06$50.78$52.0010.0%2.6%5.6%19.1%9.2%1.0%0.3%391.3K-1.2M-11.9K1.5083.39232,104494
2023-03-07$50.77$52.009.4%2.4%5.6%14.8%0.0%1.2%1.0%372.9K-1.0M-11.6K0.00107.06012,108497
2023-03-08$50.80$52.009.7%2.5%5.6%17.0%0.0%1.9%1.2%389.0K-1.1M-11.9K0.25107.44822,108496
2023-03-09$50.76$52.009.2%2.7%5.6%13.2%8.8%1.6%0.3%406.1K-1.3M-12.6K0.0075.22702,112496
2023-03-10$50.92$52.0012.3%2.9%5.8%37.3%0.0%2.5%-1.2%457.9K-1.4M-12.2K0.00102.701002,119496
2023-03-13$51.10$52.0015.5%3.3%6.0%62.1%12.9%3.3%-1.9%462.3K-1.8M-13.0K0.00117.140452,119496
2023-03-14$51.05$50.0014.8%3.2%6.0%56.6%0.0%2.1%-0.7%420.2K-1.7M-13.1K0.45115.711152,119532
2023-03-15$50.81$50.0011.3%3.3%6.1%29.8%0.0%2.8%-0.8%358.4K-1.3M-12.0K0.00105.96002,130532
2023-03-16$51.04$50.0011.4%3.3%5.7%30.2%8.7%4.2%-0.1%432.3K-1.6M-12.4K0.00105.73022,130532
2023-03-17$51.12$52.0011.3%3.2%5.3%29.3%18.7%2.3%-0.8%415.4K-1.7M-12.0K9.0098.19181622,130532
2023-03-20$51.05$52.008.0%2.3%5.3%3.6%10.3%1.5%0.8%450.7K-1.3M-9.9K0.2763.8449131,524380
2023-03-21$50.91$52.006.6%1.9%4.9%0.0%6.9%2.6%0.9%403.0K-1.1M-9.5K0.00105.392601,554393
2023-03-22$51.03$51.007.5%2.1%5.0%6.2%7.9%2.4%-0.2%476.6K-1.1M-9.1K0.14109.252941,580393
2023-03-23$51.13$51.007.3%2.1%5.0%4.7%0.0%2.4%0.4%527.7K-1.3M-10.1K0.00116.111001,605397
2023-03-24$51.26$51.007.5%2.2%4.8%6.5%9.3%0.8%0.2%578.5K-1.5M-10.5K1.67109.95351,607397
2023-03-27$51.16$51.007.7%2.2%4.8%7.9%0.0%2.9%0.1%544.9K-1.3M-9.7K0.00103.42001,610400
2023-03-28$51.09$51.007.4%2.1%4.9%5.6%0.0%2.1%0.1%539.1K-1.1M-9.3K0.00103.13001,626400
2023-03-29$51.25$51.006.8%2.0%4.0%1.2%0.0%2.2%0.5%607.5K-1.4M-9.9K0.00106.70001,626400
2023-03-30$51.48$51.005.7%1.6%4.2%0.0%0.0%1.8%2.1%767.5K-1.6M-9.7K0.42107.991251,626400
2023-03-31$51.72$51.006.8%2.0%4.2%7.8%0.0%0.9%-0.3%952.7K-2.0M-10.6K0.00123.325101,635405