HYD Options History — June 2023

In June 2023, HYD traded between $50.70 and $51.70. ATM implied volatility averaged 8.3%, placing in the 23.5% IV rank vs the trailing year. The 30-day expected move averaged 2.3%. IV traded above realized volatility by 2.2% (HV 20d: 6.1%). Max pain ranged from $51.00 to $52.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.19.

Notable Days

2023-06-29: Highest Volume — 104 contracts
2023-06-12: Largest IV spike — 40.2% change
2023-06-13: Highest IV Rank — 51.7%
2023-06-01: Largest Expected Move — 3.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.23	$50.70	$51.70	$51.02	$51.32
Max Pain	$51.90	$51.00	$52.00	$51.00	$52.00
ATM IV	8.3%	5.0%	12.8%	10.9%	5.0%
Expected Move	2.3%	1.4%	3.1%	3.1%	1.4%
HV 20d	6.1%	4.5%	7.2%	7.1%	5.2%
HV 60d	6.5%	6.4%	6.6%	6.5%	6.6%
IV Rank	23.5%	2.2%	51.7%	39.3%	2.2%
IV Percentile	15.1%	0.4%	61.1%	30.2%	0.4%
Term Structure	0.5%	-1.7%	3.3%	-1.7%	3.3%
VWIV	9.1%	6.9%	11.8%	11.8%	9.0%
Skew 25d	1.6%	-0.7%	5.6%	1.4%	-0.7%
Skew 10d	8.0%	-2.4%	19.2%	0.0%	-2.4%
Call IV 25d	7.7%	6.2%	11.0%	11.0%	6.4%
Put IV 25d	9.3%	5.7%	12.4%	12.4%	5.7%
Bid-Ask Spread %	97.99	51.56	132.33	102.45	87.01
Gamma HHI	0.42	0.18	0.76	0.65	0.21
Net GEX	470.9K	116.1K	1.5M	749.9K	116.1K
Net DEX	-908.1K	-2.1M	-517.7K	-1.4M	-517.7K
Net VEX	-4.7K	-7.5K	-2.7K	-7.5K	-2.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.19	0.00	1.62	1.62	0.00
Total Volume	21.619	0	104	4	20
Total OI	1,969.381	882	2,754	2,748	882

Daily Data (21 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
2023-06-01	$51.02	$51.00	10.9%	3.1%	7.1%	39.3%	11.8%	1.4%	-1.7%	749.9K	-1.4M	-7.5K	0.00	102.45	0	4	2,003	745
2023-06-02	$50.82	$51.00	9.7%	2.8%	7.1%	31.7%	11.5%	2.1%	-0.8%	584.5K	-987.9K	-6.7K	0.00	103.87	0	10	2,003	745
2023-06-05	$50.85	$52.00	9.0%	2.5%	7.1%	27.5%	9.4%	1.4%	0.6%	472.7K	-713.2K	-5.9K	0.00	108.59	0	9	2,003	751
2023-06-06	$50.95	$52.00	8.5%	2.4%	6.6%	24.0%	0.0%	1.1%	0.8%	575.0K	-840.0K	-5.7K	0.00	72.67	0	0	2,003	748
2023-06-07	$50.70	$52.00	9.5%	2.5%	6.8%	30.8%	11.1%	1.5%	1.2%	401.5K	-587.7K	-5.2K	0.00	51.56	0	22	2,003	748
2023-06-08	$50.90	$52.00	8.5%	2.3%	6.8%	24.3%	9.2%	1.2%	1.0%	448.9K	-660.9K	-5.0K	0.00	52.45	0	12	2,003	727
2023-06-09	$50.86	$52.00	8.6%	2.3%	6.7%	24.7%	0.0%	1.9%	0.8%	381.7K	-596.6K	-4.8K	1.62	71.47	26	42	2,003	727
2023-06-12	$50.91	$52.00	12.0%	2.4%	6.7%	46.7%	0.0%	1.2%	0.8%	458.2K	-750.9K	-5.2K	0.00	110.14	0	0	2,023	729
2023-06-13	$51.04	$52.00	12.8%	2.4%	6.8%	51.7%	0.0%	1.3%	0.9%	601.7K	-905.1K	-4.8K	0.00	111.28	0	4	2,023	729
2023-06-14	$51.14	$52.00	8.2%	2.3%	6.8%	22.1%	0.0%	1.0%	0.7%	649.0K	-949.2K	-4.5K	0.00	116.05	25	0	2,023	729
2023-06-15	$51.48	$52.00	8.3%	2.4%	7.2%	22.8%	9.1%	1.7%	0.4%	1.5M	-2.1M	-5.0K	0.02	101.91	57	1	2,014	729
2023-06-16	$51.47	$52.00	8.2%	2.4%	6.1%	22.5%	8.2%	1.7%	0.1%	1.3M	-1.4M	-4.3K	0.19	92.80	26	5	2,007	729
2023-06-20	$51.48	$52.00	8.2%	2.3%	5.6%	22.2%	6.9%	2.2%	0.2%	173.4K	-802.9K	-3.8K	0.08	107.79	12	1	472	423
2023-06-21	$51.61	$52.00	6.8%	1.9%	5.3%	13.1%	0.0%	1.3%	0.8%	194.4K	-879.9K	-3.7K	0.00	105.26	0	0	484	424
2023-06-22	$51.53	$52.00	6.0%	1.7%	5.4%	8.6%	0.0%	2.1%	0.5%	176.5K	-812.4K	-4.1K	0.00	124.29	2	0	484	424
2023-06-23	$51.62	$52.00	8.1%	2.3%	5.3%	23.0%	7.1%	1.9%	-0.1%	191.5K	-795.4K	-4.0K	0.00	118.11	60	0	486	424
2023-06-26	$51.70	$52.00	6.9%	2.0%	5.3%	14.7%	0.0%	1.2%	-0.1%	240.1K	-920.5K	-3.8K	0.00	118.70	10	0	546	424
2023-06-27	$51.54	$52.00	7.7%	2.2%	5.4%	20.3%	7.1%	5.6%	-0.3%	238.8K	-831.5K	-3.7K	0.00	132.33	0	1	556	424
2023-06-28	$51.63	$52.00	6.1%	1.8%	4.5%	9.6%	0.0%	1.2%	0.3%	247.3K	-854.7K	-3.7K	0.00	111.57	0	1	556	423
2023-06-29	$51.24	$52.00	6.3%	1.8%	5.2%	10.7%	9.0%	1.9%	0.7%	200.8K	-743.7K	-3.6K	0.04	57.41	100	4	556	422
2023-06-30	$51.32	$52.00	5.0%	1.4%	5.2%	2.2%	0.0%	-0.7%	3.3%	116.1K	-517.7K	-2.7K	0.00	87.01	20	0	456	426