HYD Options History — September 2023

In September 2023, HYD traded between $48.61 and $50.45. ATM implied volatility averaged 8.1%, placing in the 22.5% IV rank vs the trailing year. The 30-day expected move averaged 2.3%. IV traded above realized volatility by 2.9% (HV 20d: 5.1%). Max pain ranged from $50.00 to $51.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 1.98.

Notable Days

  • 2023-09-21: Highest Volume — 90 contracts
  • 2023-09-11: Largest IV spike — 30.1% change
  • 2023-09-12: Highest IV Rank — 35.9%
  • 2023-09-06: Largest Expected Move — 2.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.87$48.61$50.45$50.44$49.03
Max Pain$50.75$50.00$51.00$51.00$50.00
ATM IV8.1%6.3%10.0%7.7%8.7%
Expected Move2.3%1.8%2.6%2.2%2.5%
HV 20d5.1%4.6%6.3%5.7%6.3%
HV 60d6.1%5.9%6.5%6.1%6.5%
IV Rank22.5%10.6%35.9%20.4%27.2%
IV Percentile22.6%2.4%48.8%15.9%36.5%
Term Structure0.4%-0.4%1.4%1.1%0.5%
VWIV9.1%6.4%14.0%8.1%9.4%
Skew 25d1.5%-0.1%4.0%4.0%-0.1%
Skew 10d6.7%1.1%21.3%21.3%5.9%
Call IV 25d7.5%5.6%9.4%8.0%9.4%
Put IV 25d9.1%7.4%12.0%12.0%9.3%
Bid-Ask Spread %85.1121.76130.26117.8677.50
Gamma HHI0.550.160.940.750.21
Net GEX-316.1K-861.5K-124.6K-393.1K-164.9K
Net DEX1.1M617.4K1.8M617.4K1.5M
Net VEX-5.3K-6.9K-3.8K-6.9K-4.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.980.0014.000.000.00
Total Volume28.9090520
Total OI1,314.69721,6321,5071,167

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-09-01$50.44$51.007.7%2.2%5.7%20.4%8.1%4.0%1.1%-393.1K617.4K-6.9K0.00117.86052663844
2023-09-05$50.34$51.008.9%2.5%5.6%28.5%9.2%2.8%0.5%-342.3K845.0K-6.5K0.00116.6504663835
2023-09-06$50.23$51.008.5%2.6%5.1%25.3%0.0%1.5%-0.4%-391.1K962.1K-6.5K0.00106.3400663839
2023-09-07$50.25$51.008.8%2.6%4.8%27.8%0.0%1.8%-0.1%-397.1K936.5K-6.4K0.00101.8650663839
2023-09-08$50.25$51.007.3%2.3%4.8%17.3%7.9%1.1%0.4%-512.0K945.7K-6.1K0.0076.38240658839
2023-09-11$50.28$51.009.5%2.4%4.8%32.0%14.0%1.8%0.1%-641.0K852.3K-6.0K0.00123.77080680839
2023-09-12$50.27$51.0010.0%2.5%4.8%35.9%0.0%1.4%0.0%-861.5K850.5K-5.5K0.00104.2201680919
2023-09-13$50.45$51.008.7%2.5%5.0%27.0%0.0%1.8%-0.2%-272.7K669.8K-5.5K0.00130.2602680919
2023-09-14$50.33$51.008.5%2.4%5.0%25.5%8.5%1.7%-0.2%-518.0K672.7K-5.3K0.0054.90032680921
2023-09-15$50.17$51.006.3%1.8%4.8%10.6%6.4%0.1%1.4%-425.5K1.2M-4.9K0.0076.75068680952
2023-09-18$50.08$51.006.8%1.9%4.8%13.8%7.4%1.0%1.1%-130.1K818.4K-5.2K14.0074.15114409563
2023-09-19$50.06$51.007.2%2.1%4.7%16.5%11.3%0.9%0.9%-124.6K835.8K-5.3K0.1321.76152410576
2023-09-20$50.10$51.007.0%2.0%4.6%15.7%6.7%1.3%0.6%-148.7K815.7K-5.3K0.6033.25106420578
2023-09-21$49.69$51.007.4%2.1%5.0%18.0%9.5%-0.0%0.1%-146.7K1.1M-4.9K0.2069.167515430574
2023-09-22$49.66$51.007.4%2.1%4.9%18.0%7.2%1.1%0.5%-155.6K1.2M-4.9K6.2075.721062493594
2023-09-25$49.28$50.007.7%2.2%5.5%20.4%9.4%1.1%0.6%-153.3K1.4M-4.4K0.5364.653619503654
2023-09-26$49.03$50.007.8%2.2%5.6%21.0%12.6%3.6%0.7%-168.8K1.6M-3.8K0.00106.7010469674
2023-09-27$48.81$50.008.8%2.5%5.1%27.4%8.8%2.5%0.3%-184.8K1.7M-4.0K0.1191.64283469675
2023-09-28$48.61$50.008.1%2.3%5.1%22.8%9.4%1.3%0.7%-189.6K1.8M-3.9K0.0078.60130493685
2023-09-29$49.03$50.008.7%2.5%6.3%27.2%0.0%-0.1%0.5%-164.9K1.5M-4.1K0.0077.5000482685