HYD Options History — March 2024

In March 2024, HYD traded between $51.70 and $52.25. ATM implied volatility averaged 6.4%, placing in the 16.5% IV rank vs the trailing year. The 30-day expected move averaged 1.8%. IV traded above realized volatility by 2.2% (HV 20d: 4.1%). Max pain ranged from $51.00 to $52.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 1.44.

Notable Days

  • 2024-03-26: Highest Volume — 80 contracts
  • 2024-03-15: Largest IV drop — 25.6% change
  • 2024-03-11: Highest IV Rank — 40.9%
  • 2024-03-04: Largest Expected Move — 2.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.04$51.70$52.25$51.91$52.25
Max Pain$51.70$51.00$52.00$52.00$52.00
ATM IV6.4%4.2%9.1%7.0%4.2%
Expected Move1.8%1.2%2.7%2.0%1.2%
HV 20d4.1%3.4%6.9%6.9%3.4%
HV 60d6.0%5.5%6.4%6.3%5.5%
IV Rank16.5%0.0%40.9%20.8%0.0%
IV Percentile14.4%0.0%67.1%13.5%0.0%
Term Structure0.8%-0.4%2.6%0.2%2.6%
VWIV5.6%4.1%7.6%5.5%4.1%
Skew 25d2.0%0.1%12.9%0.1%7.8%
Skew 10d7.3%0.0%21.3%0.3%20.1%
Call IV 25d5.9%3.9%8.6%8.6%3.9%
Put IV 25d7.9%6.1%17.6%8.7%11.7%
Bid-Ask Spread %15.9510.6325.1718.8412.28
Gamma HHI0.350.270.480.290.33
Net GEX209.0K80.5K327.8K127.3K240.8K
Net DEX-812.2K-1.1M-523.2K-725.5K-852.6K
Net VEX-3.9K-4.7K-3.4K-4.7K-3.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.440.006.000.006.00
Total Volume15.708037
Total OI896.056471,0811,044771

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-03-01$51.91$52.007.0%2.0%6.9%20.8%0.0%0.1%0.2%127.3K-725.5K-4.7K0.0018.8403615429
2024-03-04$51.70$51.007.9%2.7%6.1%29.5%0.0%0.9%-0.0%80.5K-523.2K-4.5K0.0020.4420615430
2024-03-05$51.94$51.007.9%2.1%4.9%29.6%0.0%0.2%0.2%136.0K-828.7K-4.6K0.2925.1772617431
2024-03-06$51.98$51.008.1%1.9%4.7%31.2%0.0%0.8%0.4%159.5K-841.8K-4.4K0.3317.6031624431
2024-03-07$52.03$51.007.7%2.0%4.6%28.0%0.0%0.5%0.1%208.4K-947.3K-3.9K0.0014.99250623432
2024-03-08$52.09$51.007.3%2.3%4.6%24.1%0.0%0.7%-0.4%228.6K-1.0M-4.3K0.2918.523510648432
2024-03-11$52.06$51.009.1%1.6%4.6%40.9%5.5%0.5%1.1%231.1K-1.1M-3.5K0.9218.091211638428
2024-03-12$52.03$52.007.2%1.7%4.6%23.3%0.0%0.6%0.4%327.8K-989.9K-3.6K0.0015.0600638439
2024-03-13$52.11$52.005.8%1.7%3.6%9.8%0.0%0.5%0.9%295.6K-997.7K-4.1K0.0015.9105638439
2024-03-14$51.95$52.006.5%1.9%3.7%17.6%7.6%0.5%0.5%281.0K-877.6K-3.7K0.1117.47192638443
2024-03-15$51.81$52.004.8%1.4%3.5%1.3%5.0%1.6%1.8%266.6K-627.3K-3.6K0.0913.04464629445
2024-03-18$51.86$52.005.7%1.6%3.4%11.2%5.5%1.7%1.1%155.2K-655.9K-3.4K4.0013.5514442205
2024-03-19$52.00$52.005.7%1.6%3.5%11.3%5.7%1.6%0.9%176.1K-616.4K-3.9K0.0012.4380443209
2024-03-20$52.16$52.005.6%1.6%3.6%10.1%0.0%0.2%0.8%208.4K-772.5K-3.7K5.0017.4915451209
2024-03-21$52.19$52.005.7%1.6%3.6%11.2%0.0%2.7%0.8%210.8K-789.0K-3.6K3.0015.4513452214
2024-03-22$52.25$52.005.2%1.5%3.4%5.8%0.0%2.1%1.4%213.1K-831.0K-3.8K0.5513.28116453217
2024-03-25$52.14$52.005.7%1.6%3.4%10.9%0.0%2.5%0.9%206.4K-771.2K-3.6K0.0014.7500468223
2024-03-26$52.13$52.005.5%1.6%3.4%9.2%5.6%12.9%0.7%215.7K-758.0K-3.5K1.0010.634040468223
2024-03-27$52.14$52.005.1%1.5%3.4%4.0%0.0%2.0%1.2%211.5K-746.9K-4.1K0.0014.1200508263
2024-03-28$52.25$52.004.2%1.2%3.4%0.0%4.1%7.8%2.6%240.8K-852.6K-3.9K6.0012.2816508263