HYD Options History — January 2024

In January 2024, HYD traded between $50.69 and $51.89. ATM implied volatility averaged 7.9%, placing in the 29.4% IV rank vs the trailing year. The 30-day expected move averaged 2.2%. IV traded above realized volatility by 2.2% (HV 20d: 5.7%). 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 6 of 21 days. Put/call ratio averaged 4.34.

Notable Days

2024-01-30: Highest Volume — 227 contracts
2024-01-30: Largest IV spike — 29.6% change
2024-01-09: Highest IV Rank — 34.6%
2024-01-16: Largest Expected Move — 2.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.24	$50.69	$51.89	$51.17	$51.89
Max Pain	$51.57	$51.00	$52.00	$51.00	$51.00
ATM IV	7.9%	6.5%	8.4%	8.1%	7.7%
Expected Move	2.2%	1.9%	2.4%	2.3%	2.2%
HV 20d	5.7%	4.6%	6.9%	6.9%	5.7%
HV 60d	7.1%	6.5%	8.0%	8.0%	6.5%
IV Rank	29.4%	16.3%	34.6%	31.5%	27.9%
IV Percentile	29.7%	5.2%	44.0%	31.7%	26.6%
Term Structure	-0.2%	-1.2%	1.0%	0.0%	-0.6%
VWIV	8.1%	7.4%	9.1%	7.9%	7.7%
Skew 25d	0.8%	-1.0%	2.4%	1.2%	2.1%
Skew 10d	5.7%	-1.6%	14.6%	2.1%	5.8%
Call IV 25d	7.8%	6.0%	9.1%	8.4%	6.9%
Put IV 25d	8.7%	7.0%	9.6%	9.6%	9.0%
Bid-Ask Spread %	43.89	11.32	112.51	96.45	19.40
Gamma HHI	0.33	0.28	0.50	0.29	0.37
Net GEX	366.8K	238.7K	766.5K	238.8K	766.5K
Net DEX	-1.6M	-3.2M	-947.0K	-1.3M	-3.2M
Net VEX	-5.3K	-5.9K	-4.7K	-5.0K	-5.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.34	0.00	60.00	0.00	0.41
Total Volume	55.571	0	227	26	224
Total OI	1,142.476	924	1,565	924	1,565

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
2024-01-02	$51.17	$51.00	8.1%	2.3%	6.9%	31.5%	0.0%	1.2%	0.0%	238.8K	-1.3M	-5.0K	0.00	96.45	26	0	696	228
2024-01-03	$51.26	$51.00	8.1%	2.3%	6.6%	31.3%	0.0%	-1.0%	-0.2%	264.3K	-1.5M	-5.0K	0.24	99.73	45	11	722	228
2024-01-04	$51.17	$52.00	8.0%	2.3%	6.5%	30.4%	0.0%	1.0%	-0.2%	297.0K	-1.5M	-5.1K	1.00	97.10	10	10	763	239
2024-01-05	$51.13	$52.00	8.0%	2.3%	6.5%	30.4%	0.0%	0.7%	-0.1%	301.1K	-1.5M	-5.2K	0.00	112.51	2	0	773	249
2024-01-08	$51.28	$52.00	8.2%	2.3%	6.5%	32.2%	0.0%	1.3%	-0.3%	319.8K	-1.6M	-5.0K	0.08	80.67	13	1	775	249
2024-01-09	$51.36	$52.00	8.4%	2.3%	6.4%	34.6%	7.9%	1.1%	-0.4%	349.1K	-1.7M	-4.9K	0.00	81.58	0	10	775	250
2024-01-10	$51.41	$52.00	8.2%	2.3%	6.4%	32.0%	7.9%	0.6%	-1.2%	285.2K	-1.6M	-5.3K	0.15	74.62	145	22	775	258
2024-01-11	$51.62	$52.00	7.5%	2.1%	6.5%	25.8%	0.0%	2.4%	0.3%	433.6K	-2.2M	-5.3K	0.00	58.12	0	0	890	250
2024-01-12	$51.57	$52.00	6.7%	1.9%	5.2%	18.4%	0.0%	1.8%	-0.1%	453.2K	-2.1M	-5.1K	0.00	35.05	8	0	890	250
2024-01-16	$51.28	$52.00	8.4%	2.4%	4.6%	34.1%	8.4%	1.4%	-0.4%	448.4K	-1.8M	-5.1K	2.00	14.81	25	50	898	250
2024-01-17	$51.05	$52.00	8.4%	2.4%	4.8%	33.9%	0.0%	0.9%	-0.1%	390.9K	-1.5M	-5.5K	0.00	17.52	0	4	884	300
2024-01-18	$50.97	$52.00	8.2%	2.3%	4.7%	32.4%	9.0%	0.7%	-0.2%	422.6K	-1.3M	-5.4K	10.00	18.75	1	10	884	304
2024-01-19	$50.83	$52.00	7.6%	2.2%	4.7%	27.1%	9.1%	0.0%	0.0%	450.4K	-1.2M	-5.5K	1.00	17.91	2	2	885	314
2024-01-22	$50.86	$52.00	7.7%	2.2%	4.7%	28.1%	7.6%	0.5%	-0.0%	269.8K	-1.1M	-5.2K	0.70	19.47	10	7	814	279
2024-01-23	$50.80	$51.00	7.3%	2.1%	4.7%	24.1%	8.3%	0.3%	1.0%	260.2K	-1.1M	-5.1K	1.76	12.97	17	30	824	286
2024-01-24	$50.69	$51.00	7.6%	2.2%	4.6%	27.3%	7.4%	0.4%	0.0%	238.7K	-947.0K	-5.3K	0.60	12.27	5	3	817	316
2024-01-25	$51.19	$51.00	8.2%	2.3%	5.9%	31.9%	9.0%	0.2%	-0.9%	273.5K	-1.4M	-4.7K	0.07	11.75	145	10	814	315
2024-01-26	$51.29	$51.00	8.3%	2.4%	6.0%	33.6%	8.4%	0.9%	-0.3%	387.9K	-1.7M	-5.9K	0.03	14.46	30	1	964	325
2024-01-29	$51.51	$51.00	6.5%	1.9%	6.2%	16.3%	7.6%	0.7%	0.2%	431.8K	-1.8M	-5.9K	60.00	15.19	1	60	994	326
2024-01-30	$51.63	$51.00	8.4%	2.4%	6.3%	34.0%	7.7%	0.7%	-0.4%	419.4K	-2.0M	-5.8K	0.03	11.32	220	7	995	379
2024-01-31	$51.89	$51.00	7.7%	2.2%	5.7%	27.9%	7.7%	2.1%	-0.6%	766.5K	-3.2M	-5.9K	0.41	19.40	159	65	1,179	386