HYD Options History — July 2023

In July 2023, HYD traded between $50.96 and $51.89. ATM implied volatility averaged 8.0%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 2.3%. IV traded above realized volatility by 2.7% (HV 20d: 5.2%). Max pain ranged from $50.00 to $52.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 3.32.

Notable Days

  • 2023-07-07: Highest Volume — 286 contracts
  • 2023-07-06: Largest IV spike — 23.7% change
  • 2023-07-11: Highest IV Rank — 32.2%
  • 2023-07-07: Largest Expected Move — 2.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.36$50.96$51.89$51.13$51.16
Max Pain$50.90$50.00$52.00$52.00$51.00
ATM IV8.0%6.9%9.5%7.0%7.6%
Expected Move2.3%2.0%2.6%2.0%2.2%
HV 20d5.2%4.5%6.4%5.1%5.9%
HV 60d6.3%6.0%6.6%6.6%6.0%
IV Rank22.1%15.1%32.2%15.5%19.5%
IV Percentile15.0%6.3%29.8%6.3%12.7%
Term Structure0.3%-0.2%1.3%1.3%0.6%
VWIV8.0%6.8%9.6%9.2%9.6%
Skew 25d1.8%-0.5%4.0%1.6%-0.5%
Skew 10d7.8%-0.4%14.9%-0.1%10.4%
Call IV 25d7.2%4.8%9.7%4.8%9.7%
Put IV 25d9.0%6.3%10.3%6.3%9.2%
Bid-Ask Spread %87.3035.37133.95103.0592.23
Gamma HHI0.360.190.510.210.44
Net GEX-87.2K-212.9K41.6K41.6K-151.7K
Net DEX120.2K-108.8K409.5K-77.0K409.5K
Net VEX-3.4K-4.0K-2.2K-2.2K-3.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.320.0029.110.0029.11
Total Volume38.2502860271
Total OI1,002.27791,134779987

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$51.13$52.007.0%2.0%5.1%15.5%0.0%1.6%1.3%41.6K-77.0K-2.2K0.00103.0500353426
2023-07-05$51.08$52.007.3%2.1%5.1%17.3%0.0%-0.2%0.3%37.2K-108.8K-2.3K0.0099.3810353426
2023-07-06$50.96$52.009.0%2.4%5.2%28.9%9.2%1.3%-0.1%24.8K-26.3K-2.3K0.0035.37017354426
2023-07-07$51.09$50.008.7%2.6%4.9%26.6%0.0%2.2%0.2%24.2K-48.1K-2.2K0.0082.020286354441
2023-07-10$51.13$50.008.8%2.5%4.7%27.3%0.0%1.6%-0.2%-185.0K278.7K-3.5K2.5058.5625354700
2023-07-11$51.15$50.009.5%2.5%4.7%32.2%0.0%1.9%0.1%-164.3K300.1K-4.0K1.0074.611212356705
2023-07-12$51.28$50.008.6%2.5%4.8%25.9%0.0%1.8%-0.0%-167.3K157.5K-3.9K0.00107.72180368727
2023-07-13$51.50$50.008.7%2.5%4.9%26.8%8.9%2.1%-0.1%-102.8K108.5K-4.0K1.00112.4222386727
2023-07-14$51.39$51.008.6%2.5%5.0%26.1%0.0%3.0%1.1%-147.1K123.0K-3.9K0.0078.2000388728
2023-07-17$51.52$51.007.5%2.2%4.5%18.8%0.0%1.6%-0.1%-111.1K80.3K-3.8K0.0061.71056388728
2023-07-18$51.72$51.008.0%2.3%4.7%22.3%0.0%2.9%-0.2%-37.4K29.2K-3.9K1.0067.5111388734
2023-07-19$51.89$51.008.1%2.3%4.8%22.5%7.2%4.0%0.4%34.1K-20.1K-4.0K0.0071.90110389734
2023-07-20$51.45$51.007.9%2.3%5.7%21.5%6.8%1.9%0.3%-127.1K125.5K-3.7K0.0081.7510400734
2023-07-21$51.55$51.006.9%2.0%5.7%15.1%7.1%1.9%0.0%-105.6K721-3.7K0.0058.7620399734
2023-07-24$51.56$51.007.4%2.1%5.6%18.4%7.2%1.6%0.0%-67.1K197.8K-3.9K0.00117.37150386577
2023-07-25$51.45$51.008.5%2.4%5.7%25.3%7.6%1.9%-0.0%-114.9K139.2K-3.5K0.15113.45132401577
2023-07-26$51.64$51.007.1%2.0%5.7%16.2%0.0%1.4%0.6%-50.7K222.0K-3.7K1.67133.95610388579
2023-07-27$51.20$51.007.7%2.2%6.4%20.4%0.0%2.8%0.5%-212.9K240.9K-3.1K0.00118.8608394579
2023-07-28$51.25$51.007.1%2.0%5.9%16.3%0.0%1.9%1.2%-161.4K271.1K-3.3K10.0077.24110394582
2023-07-31$51.16$51.007.6%2.2%5.9%19.5%9.6%-0.5%0.6%-151.7K409.5K-3.5K29.1192.239262395592