HYD Options History — February 2024

In February 2024, HYD traded between $51.05 and $52.08. ATM implied volatility averaged 7.5%, placing in the 26.2% IV rank vs the trailing year. The 30-day expected move averaged 2.2%. IV traded below realized volatility by 0.0% (HV 20d: 7.6%). Max pain ranged from $50.00 to $51.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 2.28.

Notable Days

2024-02-05: Highest Volume — 211 contracts
2024-02-28: Largest IV spike — 16.2% change
2024-02-06: Highest IV Rank — 38.1%
2024-02-06: Largest Expected Move — 2.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.59	$51.05	$52.08	$52.08	$51.98
Max Pain	$50.25	$50.00	$51.00	$50.00	$51.00
ATM IV	7.5%	6.4%	8.8%	8.0%	6.8%
Expected Move	2.2%	1.8%	2.4%	2.2%	1.9%
HV 20d	7.6%	5.8%	8.1%	5.8%	7.0%
HV 60d	6.8%	6.4%	7.1%	6.4%	6.4%
IV Rank	26.2%	15.8%	38.1%	30.3%	19.4%
IV Percentile	25.4%	4.8%	58.7%	33.3%	10.3%
Term Structure	0.2%	-0.3%	0.7%	0.2%	-0.0%
VWIV	7.7%	6.5%	8.4%	8.2%	7.5%
Skew 25d	1.4%	0.0%	2.8%	0.1%	2.5%
Skew 10d	7.0%	1.4%	17.5%	4.5%	17.5%
Call IV 25d	7.1%	5.4%	8.3%	7.9%	5.8%
Put IV 25d	8.5%	7.8%	9.2%	8.0%	8.3%
Bid-Ask Spread %	16.17	12.09	25.95	25.95	13.02
Gamma HHI	0.37	0.23	0.57	0.43	0.35
Net GEX	309.9K	172.3K	493.6K	473.4K	266.4K
Net DEX	-1.6M	-2.6M	-919.2K	-2.6M	-1.4M
Net VEX	-5.7K	-7.2K	-4.2K	-6.6K	-4.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.28	0.00	13.00	0.10	0.96
Total Volume	43.1	0	211	118	36
Total OI	1,411.7	1,157	1,637	1,466	1,163

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
2024-02-01	$52.08	$50.00	8.0%	2.2%	5.8%	30.3%	8.2%	0.1%	0.2%	473.4K	-2.6M	-6.6K	0.10	25.95	107	11	1,015	451
2024-02-02	$51.59	$50.00	7.9%	2.3%	6.8%	29.3%	6.6%	1.0%	0.6%	395.2K	-1.8M	-6.9K	0.02	21.91	42	1	1,030	462
2024-02-05	$51.06	$50.00	8.1%	2.3%	7.8%	31.5%	7.8%	0.8%	0.5%	276.7K	-952.0K	-6.3K	0.21	18.80	175	36	1,066	463
2024-02-06	$51.32	$50.00	8.8%	2.4%	7.9%	38.1%	0.0%	1.0%	-0.3%	356.7K	-1.5M	-7.2K	1.67	20.70	12	20	1,090	499
2024-02-07	$51.38	$50.00	8.2%	2.4%	7.9%	32.4%	0.0%	0.7%	0.1%	349.7K	-1.5M	-7.0K	13.00	19.59	1	13	1,102	519
2024-02-08	$51.36	$50.00	8.3%	2.4%	7.9%	33.7%	0.0%	1.2%	-0.2%	344.8K	-1.5M	-6.9K	0.00	18.63	0	0	1,103	512
2024-02-09	$51.33	$50.00	8.0%	2.3%	7.8%	30.9%	0.0%	0.7%	0.0%	362.9K	-1.5M	-6.6K	0.00	18.17	0	0	1,103	512
2024-02-12	$51.42	$50.00	8.3%	2.4%	7.8%	33.3%	0.0%	1.2%	-0.2%	410.2K	-1.6M	-6.4K	10.00	14.59	1	10	1,103	512
2024-02-13	$51.05	$50.00	8.0%	2.3%	8.0%	30.9%	8.4%	1.1%	0.3%	172.3K	-919.2K	-6.0K	0.00	15.34	0	12	1,103	522
2024-02-14	$51.24	$50.00	7.8%	2.2%	7.9%	29.1%	7.8%	0.0%	0.3%	205.3K	-1.2M	-6.4K	0.01	15.28	200	2	1,103	534
2024-02-15	$51.52	$50.00	6.9%	2.0%	8.1%	20.0%	7.6%	1.4%	0.6%	367.9K	-1.6M	-5.4K	0.00	13.71	0	10	1,033	527
2024-02-16	$51.66	$50.00	7.4%	2.1%	8.0%	25.0%	8.1%	1.7%	0.6%	493.6K	-1.7M	-5.7K	4.00	13.45	5	20	1,033	537
2024-02-20	$51.72	$50.00	7.4%	2.1%	8.0%	24.8%	8.1%	1.9%	0.1%	226.1K	-1.6M	-5.2K	1.00	13.36	1	1	800	364
2024-02-21	$51.70	$50.00	7.1%	2.0%	8.0%	21.9%	8.1%	1.4%	0.1%	249.1K	-1.5M	-4.8K	0.50	16.69	2	1	800	365
2024-02-22	$51.78	$50.00	6.7%	1.9%	7.9%	18.9%	0.0%	2.0%	0.7%	230.5K	-1.7M	-4.6K	0.00	14.58	8	0	802	366
2024-02-23	$51.96	$51.00	6.6%	1.9%	7.3%	17.8%	7.6%	2.4%	0.3%	257.8K	-1.8M	-4.5K	0.40	12.79	5	2	792	366
2024-02-26	$51.86	$51.00	6.4%	1.8%	7.3%	16.1%	6.5%	2.0%	0.6%	252.6K	-1.7M	-4.4K	0.07	12.59	73	5	792	365
2024-02-27	$51.86	$51.00	6.4%	1.8%	7.2%	15.8%	0.0%	2.0%	0.4%	247.7K	-1.7M	-4.2K	0.00	12.13	0	1	793	370
2024-02-28	$51.95	$51.00	7.4%	2.1%	7.2%	25.4%	7.5%	2.8%	-0.3%	258.3K	-1.7M	-4.4K	0.96	12.09	25	24	793	369
2024-02-29	$51.98	$51.00	6.8%	1.9%	7.0%	19.4%	0.0%	2.5%	-0.0%	266.4K	-1.4M	-4.9K	0.00	13.02	0	36	770	393