HYD Options History — November 2023

In November 2023, HYD traded between $47.75 and $50.47. ATM implied volatility averaged 8.3%, placing in the 24.5% IV rank vs the trailing year. The 30-day expected move averaged 2.3%. IV traded below realized volatility by 0.1% (HV 20d: 8.4%). Max pain ranged from $48.00 to $50.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.73.

Notable Days

  • 2023-11-01: Highest Volume — 152 contracts
  • 2023-11-27: Largest IV drop — 22.8% change
  • 2023-11-07: Highest IV Rank — 38.1%
  • 2023-11-02: Largest Expected Move — 2.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.29$47.75$50.47$47.75$50.37
Max Pain$49.90$48.00$50.00$48.00$50.00
ATM IV8.3%5.7%10.4%9.6%6.8%
Expected Move2.3%1.6%2.9%2.7%1.9%
HV 20d8.4%6.8%10.1%9.0%7.2%
HV 60d8.3%7.6%8.6%7.6%8.6%
IV Rank24.5%6.9%38.1%32.6%13.8%
IV Percentile30.9%1.2%59.5%51.6%6.7%
Term Structure0.7%-0.4%1.5%0.7%1.4%
VWIV9.0%5.9%18.7%8.9%6.2%
Skew 25d2.5%0.1%8.6%3.2%8.6%
Skew 10d7.5%1.1%23.3%3.2%23.3%
Call IV 25d7.5%4.3%9.3%7.9%5.0%
Put IV 25d10.0%8.0%13.6%11.1%13.6%
Bid-Ask Spread %70.3740.17100.0179.5090.12
Gamma HHI0.360.250.450.250.25
Net GEX124.3K-100.7K173.3K52.5K-100.7K
Net DEX-147.8K-1.2M1.1M1.1M-1.0M
Net VEX-5.0K-5.4K-3.8K-3.8K-4.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.003.330.450.16
Total Volume38.28601521520
Total OI1,536.0951,3781,6281,3781,508

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$47.75$48.009.6%2.7%9.0%32.6%0.0%3.2%0.7%52.5K1.1M-3.8K0.4579.5010547762616
2023-11-02$48.25$50.0010.0%2.9%9.7%35.3%8.9%3.2%0.7%112.0K616.4K-5.0K0.4066.066526848650
2023-11-03$48.64$50.009.7%2.6%10.1%33.9%9.9%2.1%1.4%136.1K263.8K-5.4K0.8586.232723861653
2023-11-06$48.52$50.0010.3%2.6%9.8%37.6%11.2%2.5%1.3%149.1K360.8K-5.4K3.1382.02825886664
2023-11-07$48.75$50.0010.4%2.5%9.9%38.1%8.4%2.3%1.5%168.9K239.2K-5.2K3.3381.63620878689
2023-11-08$48.96$50.008.8%2.5%9.5%27.7%8.8%2.2%1.0%170.6K16.0K-5.3K3.0094.65721884696
2023-11-09$48.69$50.009.1%2.6%9.6%29.9%0.0%2.1%1.0%150.1K274.8K-5.4K0.0095.48200891717
2023-11-10$48.89$50.009.3%2.7%9.6%31.2%9.1%1.7%0.9%163.3K68.7K-5.4K0.2240.1792911717
2023-11-13$48.85$50.008.9%2.6%9.2%28.3%10.4%2.0%0.7%173.3K117.2K-5.0K0.1563.24203908718
2023-11-14$49.41$50.008.6%2.5%8.3%26.0%7.9%1.7%0.5%158.0K-385.4K-5.2K0.16100.01498888721
2023-11-15$49.28$50.008.7%2.5%8.2%27.0%0.0%1.8%-0.0%125.6K-90.2K-4.7K0.0393.47401846714
2023-11-16$49.41$50.008.6%2.5%7.8%26.4%8.7%1.8%-0.4%151.8K-235.7K-5.2K0.8540.741311886713
2023-11-17$49.59$50.007.6%2.2%7.8%19.6%6.1%1.6%0.3%168.8K-406.0K-5.3K0.0547.44201899723
2023-11-20$49.78$50.007.4%2.1%7.8%18.0%0.0%1.9%-0.1%159.3K-436.7K-4.6K0.2183.14245838584
2023-11-21$49.86$50.007.3%2.1%7.8%17.5%18.7%2.3%1.0%145.4K-476.5K-4.8K0.0647.38312862589
2023-11-22$49.82$50.007.0%2.0%7.4%15.3%6.8%2.2%0.2%169.2K-430.8K-4.7K0.0261.75511872589
2023-11-24$49.80$50.008.3%2.4%7.3%24.4%8.7%2.1%0.0%156.8K-368.6K-5.2K0.0053.75010905590
2023-11-27$49.91$50.006.4%1.8%7.2%11.6%0.0%0.1%0.3%49.6K-345.5K-5.1K0.7563.843224899600
2023-11-28$50.05$50.005.7%1.6%6.8%6.9%5.9%2.3%1.3%23.6K-715.5K-4.6K0.0040.71180922621
2023-11-29$50.47$50.006.7%1.9%7.2%13.7%6.2%4.3%0.1%127.2K-1.2M-5.2K0.1666.47254919621
2023-11-30$50.37$50.006.8%1.9%7.2%13.8%0.0%8.6%1.4%-100.7K-1.0M-4.5K0.0090.1200891617