HYD Options History — December 2023

In December 2023, HYD traded between $50.45 and $51.75. ATM implied volatility averaged 8.0%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 2.3%. IV traded above realized volatility by 1.2% (HV 20d: 6.7%). Max pain ranged from $45.00 to $51.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 1.79.

Notable Days

2023-12-13: Highest Volume — 279 contracts
2023-12-13: Largest IV spike — 63.6% change
2023-12-13: Highest IV Rank — 53.9%
2023-12-13: Largest Expected Move — 3.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.21	$50.45	$51.75	$50.72	$51.59
Max Pain	$49.75	$45.00	$51.00	$51.00	$51.00
ATM IV	8.0%	6.3%	12.7%	7.7%	7.6%
Expected Move	2.3%	2.0%	3.6%	2.2%	2.2%
HV 20d	6.7%	6.4%	7.0%	6.8%	6.5%
HV 60d	8.7%	7.8%	9.2%	8.7%	7.8%
IV Rank	25.6%	10.5%	53.9%	20.2%	26.5%
IV Percentile	26.2%	2.8%	93.7%	20.6%	21.8%
Term Structure	0.0%	-1.1%	1.0%	-0.5%	0.4%
VWIV	8.2%	5.7%	9.6%	8.7%	6.6%
Skew 25d	1.3%	0.4%	2.2%	1.5%	0.8%
Skew 10d	5.1%	-1.4%	16.4%	16.4%	0.4%
Call IV 25d	7.4%	6.1%	11.2%	7.4%	6.9%
Put IV 25d	8.7%	7.7%	12.2%	8.9%	7.7%
Bid-Ask Spread %	92.24	48.15	122.56	91.92	112.48
Gamma HHI	0.33	0.24	0.40	0.39	0.26
Net GEX	111.0K	-98.2K	314.3K	-66.4K	237.8K
Net DEX	-1.2M	-1.8M	-393.9K	-688.8K	-1.6M
Net VEX	-4.5K	-5.3K	-3.2K	-5.0K	-5.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.79	0.00	16.44	5.00	0.00
Total Volume	31.85	0	279	12	0
Total OI	1,147.55	837	1,420	1,358	924

Daily Data (20 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
2023-12-01	$50.72	$51.00	7.7%	2.2%	6.8%	20.2%	8.7%	1.5%	-0.5%	-66.4K	-688.8K	-5.0K	5.00	91.92	2	10	741	617
2023-12-04	$50.45	$45.00	9.8%	2.4%	7.0%	34.4%	9.6%	1.6%	-0.5%	-70.8K	-393.9K	-4.9K	0.32	104.72	31	10	742	616
2023-12-05	$50.66	$49.00	6.8%	2.2%	6.8%	14.4%	7.6%	1.3%	0.1%	-69.3K	-601.1K	-4.9K	0.00	79.47	2	0	771	626
2023-12-06	$50.76	$49.00	8.4%	2.1%	6.8%	25.0%	7.3%	0.8%	0.5%	-63.1K	-715.1K	-4.8K	0.00	70.32	1	0	773	626
2023-12-07	$50.75	$49.00	8.4%	2.2%	6.7%	25.0%	0.0%	0.8%	1.0%	-74.4K	-744.2K	-4.7K	0.00	55.90	0	0	774	626
2023-12-08	$50.59	$49.00	6.3%	2.2%	6.4%	10.5%	8.2%	0.8%	0.1%	-69.7K	-561.7K	-4.7K	0.00	102.17	0	1	774	626
2023-12-11	$50.54	$50.00	8.0%	2.2%	6.5%	22.3%	9.6%	2.2%	0.7%	-98.2K	-500.8K	-4.6K	0.00	101.46	0	10	774	627
2023-12-12	$50.61	$50.00	7.8%	2.1%	6.4%	20.6%	0.0%	2.0%	0.5%	-58.3K	-608.1K	-4.4K	0.00	113.25	0	11	774	637
2023-12-13	$51.19	$50.00	12.7%	3.6%	6.4%	53.9%	8.4%	1.1%	-1.1%	-63.6K	-1.3M	-3.5K	16.44	122.56	16	263	774	646
2023-12-14	$51.64	$50.00	7.8%	2.2%	6.6%	20.5%	7.8%	0.4%	-0.4%	285.2K	-1.7M	-3.6K	1.92	109.39	13	25	784	414
2023-12-15	$51.64	$50.00	7.9%	2.3%	6.7%	29.5%	8.2%	0.5%	-0.3%	314.3K	-1.8M	-3.2K	1.07	112.76	56	60	794	429
2023-12-18	$51.47	$50.00	7.8%	2.2%	6.9%	28.4%	9.5%	1.1%	-0.3%	262.1K	-1.6M	-4.4K	0.04	95.67	24	1	616	221
2023-12-19	$51.53	$50.00	8.0%	2.3%	6.9%	30.1%	9.1%	1.2%	-1.0%	279.3K	-1.7M	-4.5K	0.00	50.74	0	3	640	220
2023-12-20	$51.64	$50.00	7.2%	2.1%	6.9%	22.9%	5.7%	1.5%	-0.0%	261.4K	-1.7M	-4.2K	0.31	116.04	16	5	640	220
2023-12-21	$51.59	$50.00	7.7%	2.2%	6.9%	27.6%	8.0%	1.2%	-0.2%	262.9K	-1.6M	-4.5K	0.00	89.86	8	0	656	225
2023-12-22	$51.68	$50.00	7.4%	2.1%	6.9%	24.6%	0.0%	1.4%	-0.1%	225.8K	-1.6M	-5.3K	0.00	113.08	35	0	664	225
2023-12-26	$51.75	$50.00	7.7%	2.2%	6.9%	27.9%	0.0%	1.4%	-0.2%	270.2K	-1.8M	-4.6K	0.00	55.28	14	0	699	225
2023-12-27	$51.70	$51.00	7.5%	2.2%	6.9%	26.0%	0.0%	1.9%	0.7%	216.7K	-1.6M	-5.0K	0.00	48.15	4	0	679	225
2023-12-28	$51.66	$51.00	6.9%	2.0%	6.5%	20.7%	6.6%	1.9%	1.0%	238.1K	-1.6M	-5.0K	0.00	99.63	16	0	679	228
2023-12-29	$51.59	$51.00	7.6%	2.2%	6.5%	26.5%	0.0%	0.8%	0.4%	237.8K	-1.6M	-5.0K	0.00	112.48	0	0	696	228