HYD Options History — May 2023

In May 2023, HYD traded between $50.24 and $51.61. ATM implied volatility averaged 11.0%, placing in the 40.3% IV rank vs the trailing year. The 30-day expected move averaged 3.2%. IV traded above realized volatility by 3.5% (HV 20d: 7.5%). Max pain ranged from $51.00 to $52.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 1.32.

Notable Days

  • 2023-05-22: Highest Volume — 206 contracts
  • 2023-05-08: Largest IV spike — 23.2% change
  • 2023-05-08: Highest IV Rank — 50.0%
  • 2023-05-03: Largest Expected Move — 3.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.04$50.24$51.61$51.14$51.16
Max Pain$51.09$51.00$52.00$52.00$51.00
ATM IV11.0%9.7%12.5%11.8%10.4%
Expected Move3.2%2.8%3.5%3.4%3.0%
HV 20d7.5%6.8%8.2%7.4%7.1%
HV 60d6.2%5.9%6.4%6.1%6.4%
IV Rank40.3%32.0%50.0%45.3%36.5%
IV Percentile35.7%26.6%57.5%45.2%27.4%
Term Structure-0.6%-1.0%-0.0%-0.1%-1.0%
VWIV10.8%8.0%14.4%11.6%9.4%
Skew 25d2.7%2.0%3.7%3.6%3.7%
Skew 10d7.4%2.9%13.3%6.2%6.7%
Call IV 25d9.9%8.4%10.8%9.7%9.7%
Put IV 25d12.7%11.4%13.8%13.4%13.4%
Bid-Ask Spread %89.1547.15118.94112.4597.43
Gamma HHI0.550.400.640.600.64
Net GEX590.6K206.6K841.9K593.3K771.7K
Net DEX-1.4M-2.5M-6.7K-1.7M-1.5M
Net VEX-8.7K-11.6K-5.1K-10.5K-7.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.320.007.003.310.15
Total Volume35.22702062615
Total OI2,493.52,2002,7482,2002,747

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$51.14$52.0011.8%3.4%7.4%45.3%0.0%3.6%-0.1%593.3K-1.7M-10.5K0.00112.450261,783417
2023-05-02$51.36$52.0011.5%3.3%7.6%43.6%11.6%3.6%-0.6%672.8K-2.0M-10.9K3.3193.3313431,783441
2023-05-03$51.46$51.0012.2%3.5%7.6%47.6%11.1%3.2%-0.7%721.4K-2.1M-10.8K0.21118.9447101,796482
2023-05-04$51.55$51.0011.1%3.1%7.6%41.0%10.6%2.5%-0.7%709.7K-2.5M-11.6K0.0078.57601,823492
2023-05-05$51.61$51.0010.2%3.0%7.6%34.9%0.0%2.7%-0.0%761.3K-2.4M-11.1K0.7791.9635271,828492
2023-05-08$51.20$51.0012.5%3.3%8.0%50.0%10.9%3.0%-0.6%654.7K-1.8M-10.3K2.9095.2510291,863519
2023-05-09$51.17$51.0011.3%3.3%8.0%42.3%10.3%3.1%-0.9%672.3K-1.6M-9.6K0.00100.601301,863548
2023-05-10$51.40$51.0010.7%3.1%8.1%38.1%8.0%2.9%-0.6%821.2K-1.8M-9.6K0.0088.161001,876548
2023-05-11$51.51$51.009.7%2.8%8.2%32.0%9.8%2.1%-0.0%841.9K-2.2M-10.3K0.1095.483131,866548
2023-05-12$51.50$51.0010.9%3.1%7.9%39.4%9.5%2.3%-0.3%821.5K-2.1M-10.4K0.0095.38021,867547
2023-05-15$51.33$51.0011.1%3.2%7.8%40.6%12.9%2.6%-0.2%765.4K-1.7M-8.8K0.0093.34071,867567
2023-05-16$51.27$51.0011.7%3.3%7.0%44.3%0.0%2.6%-0.8%734.5K-1.6M-8.5K0.0094.620541,867574
2023-05-17$51.29$51.0011.1%3.2%6.8%40.5%11.0%2.4%-0.6%680.5K-1.5M-8.5K7.0091.51171,867622
2023-05-18$50.77$51.0010.1%2.9%7.6%34.7%0.0%2.3%-0.4%358.5K-516.7K-7.3K0.0094.7201451,868627
2023-05-19$50.47$51.0011.1%3.2%7.9%40.7%0.0%2.1%-1.0%283.7K-163.5K-6.2K0.0047.15051,868772
2023-05-22$50.29$51.0010.9%3.1%7.6%39.4%10.9%2.4%-0.7%206.6K-6.7K-5.1K0.0090.9620511,796722
2023-05-23$50.33$51.0011.1%3.2%7.2%40.7%11.0%2.5%-1.0%331.9K-490.4K-6.6K0.0089.160222,001723
2023-05-24$50.24$51.0011.2%3.2%7.0%41.2%0.0%2.1%-1.0%282.4K-387.2K-6.5K0.0087.34002,001745
2023-05-25$50.35$51.0011.3%3.2%7.1%42.2%14.4%2.0%-1.0%308.1K-492.1K-6.8K0.0081.60102,001745
2023-05-26$50.54$51.0010.4%3.0%6.9%36.3%0.0%3.0%-0.8%382.8K-622.4K-7.9K0.0073.22202,002745
2023-05-30$51.01$51.0010.2%2.9%7.2%35.1%11.0%3.6%-0.5%617.7K-1.1M-7.5K4.0050.19142,003745
2023-05-31$51.16$51.0010.4%3.0%7.1%36.5%9.4%3.7%-1.0%771.7K-1.5M-7.2K0.1597.431322,002745