HYD Options History — April 2023

In April 2023, HYD traded between $50.72 and $51.95. ATM implied volatility averaged 7.9%, placing in the 17.6% IV rank vs the trailing year. The 30-day expected move averaged 2.3%. IV traded above realized volatility by 2.5% (HV 20d: 5.4%). 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 14 of 19 days. Put/call ratio averaged 2.40.

Notable Days

2023-04-20: Highest Volume — 124 contracts
2023-04-18: Largest IV spike — 57.3% change
2023-04-26: Highest IV Rank — 39.0%
2023-04-26: Largest Expected Move — 3.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.47	$50.72	$51.95	$51.59	$51.61
Max Pain	$51.89	$51.00	$52.00	$51.00	$52.00
ATM IV	7.9%	4.7%	10.8%	7.4%	9.3%
Expected Move	2.3%	1.3%	3.1%	2.1%	2.7%
HV 20d	5.4%	3.9%	6.9%	4.4%	6.9%
HV 60d	5.7%	5.2%	6.1%	6.1%	6.1%
IV Rank	17.6%	0.0%	39.0%	12.0%	29.6%
IV Percentile	11.7%	0.0%	33.7%	2.4%	23.8%
Term Structure	0.2%	-0.7%	0.9%	-0.7%	0.0%
VWIV	8.4%	5.0%	12.5%	5.0%	9.3%
Skew 25d	1.6%	0.1%	3.2%	0.6%	2.7%
Skew 10d	6.4%	1.5%	19.4%	19.4%	6.2%
Call IV 25d	7.2%	4.9%	9.8%	7.3%	8.4%
Put IV 25d	8.8%	5.4%	11.5%	7.9%	11.1%
Bid-Ask Spread %	106.06	49.93	127.05	122.01	114.03
Gamma HHI	0.64	0.52	0.71	0.68	0.63
Net GEX	809.3K	379.6K	1.3M	816.8K	746.2K
Net DEX	-1.9M	-2.7M	-691.7K	-2.0M	-2.3M
Net VEX	-10.6K	-12.8K	-8.0K	-11.3K	-11.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.40	0.00	14.00	0.00	8.20
Total Volume	37.211	0	124	20	46
Total OI	2,196.737	2,062	2,362	2,076	2,157

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
2023-04-03	$51.59	$51.00	7.4%	2.1%	4.4%	12.0%	5.0%	0.6%	-0.7%	816.8K	-2.0M	-11.3K	0.00	122.01	20	0	1,671	405
2023-04-04	$51.70	$51.00	7.6%	2.2%	4.4%	13.1%	7.6%	1.6%	-0.5%	893.2K	-2.2M	-11.3K	0.08	123.63	106	8	1,678	405
2023-04-05	$51.82	$52.00	6.6%	1.9%	4.4%	6.1%	0.0%	1.7%	0.7%	946.8K	-2.6M	-12.8K	0.13	121.77	46	6	1,768	413
2023-04-06	$51.88	$52.00	6.6%	2.1%	4.4%	6.1%	8.3%	0.8%	0.3%	995.4K	-2.7M	-12.8K	0.13	109.35	15	2	1,791	419
2023-04-10	$51.75	$52.00	7.3%	1.8%	4.5%	10.8%	0.0%	1.2%	0.3%	1.1M	-2.2M	-11.2K	0.00	115.31	0	0	1,790	421
2023-04-11	$51.81	$52.00	7.1%	1.8%	4.4%	9.5%	0.0%	1.3%	0.4%	1.1M	-2.4M	-11.3K	0.00	106.99	0	0	1,790	421
2023-04-12	$51.95	$52.00	6.3%	1.8%	4.4%	4.6%	0.0%	1.9%	0.5%	1.2M	-2.7M	-11.5K	9.33	112.56	3	28	1,790	421
2023-04-13	$51.93	$52.00	5.7%	1.6%	3.9%	0.4%	0.0%	1.4%	0.9%	1.3M	-2.6M	-11.5K	0.00	96.09	0	0	1,790	448
2023-04-14	$51.61	$52.00	6.4%	1.8%	4.5%	4.6%	0.0%	0.1%	0.2%	1.0M	-1.7M	-10.0K	0.83	127.05	6	5	1,790	448
2023-04-17	$51.41	$52.00	4.7%	1.3%	4.7%	0.0%	12.5%	0.5%	-0.4%	878.3K	-1.2M	-8.1K	0.33	111.14	3	1	1,790	453
2023-04-18	$50.91	$52.00	7.4%	2.1%	5.9%	17.3%	6.8%	2.1%	0.5%	529.1K	-934.9K	-8.0K	0.00	49.93	0	75	1,790	454
2023-04-19	$50.72	$52.00	8.4%	2.4%	6.0%	23.8%	0.0%	2.6%	0.6%	379.6K	-691.7K	-8.7K	0.00	114.87	0	52	1,790	525
2023-04-20	$50.97	$52.00	9.3%	2.7%	6.2%	29.6%	0.0%	1.5%	0.6%	492.0K	-1.1M	-9.3K	0.20	69.84	103	21	1,790	572
2023-04-21	$50.94	$52.00	9.2%	2.6%	6.1%	28.4%	0.0%	3.2%	0.4%	431.7K	-1.0M	-8.7K	14.00	104.86	1	14	1,714	576
2023-04-24	$51.22	$52.00	9.7%	2.8%	6.4%	31.6%	9.6%	1.8%	0.2%	577.8K	-1.5M	-9.6K	0.33	98.41	33	11	1,696	366
2023-04-25	$51.53	$52.00	9.5%	2.7%	6.7%	30.4%	9.3%	1.4%	0.5%	689.2K	-2.2M	-11.5K	0.00	95.57	53	0	1,724	377
2023-04-26	$51.27	$52.00	10.8%	3.1%	6.9%	39.0%	0.0%	2.1%	-0.2%	634.8K	-1.8M	-11.1K	0.00	117.05	40	0	1,774	377
2023-04-27	$51.36	$52.00	10.7%	3.1%	6.9%	38.1%	0.0%	2.3%	-0.2%	660.7K	-2.0M	-11.4K	0.00	104.69	9	0	1,777	377
2023-04-28	$51.61	$52.00	9.3%	2.7%	6.9%	29.6%	0.0%	2.7%	0.0%	746.2K	-2.3M	-11.5K	8.20	114.03	5	41	1,780	377