HYD Options History — May 2024

In May 2024, HYD traded between $51.06 and $51.98. ATM implied volatility averaged 5.5%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 1.6%. IV traded above realized volatility by 0.9% (HV 20d: 4.6%). Max pain ranged from $51.00 to $52.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.71.

Notable Days

  • 2024-05-23: Highest Volume — 67 contracts
  • 2024-05-03: Largest IV drop — 43.9% change
  • 2024-05-14: Highest IV Rank — 41.6%
  • 2024-05-01: Largest Expected Move — 2.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.56$51.06$51.98$51.06$51.28
Max Pain$51.14$51.00$52.00$52.00$51.00
ATM IV5.5%3.8%7.8%7.3%5.1%
Expected Move1.6%1.1%2.1%2.1%1.5%
HV 20d4.6%4.2%5.6%4.9%4.2%
HV 60d4.6%4.4%4.9%4.7%4.4%
IV Rank17.3%0.0%41.6%33.1%13.4%
IV Percentile7.9%0.0%42.1%22.2%4.8%
Term Structure1.0%-0.1%2.7%0.4%2.1%
VWIV5.9%4.2%8.3%6.7%8.3%
Skew 25d2.2%-1.6%9.1%0.3%9.1%
Skew 10d6.0%-2.4%19.5%0.3%19.5%
Call IV 25d5.4%3.6%7.8%6.3%6.5%
Put IV 25d7.6%5.6%15.6%6.6%15.6%
Bid-Ask Spread %15.9311.3637.4737.4712.76
Gamma HHI0.340.220.500.220.36
Net GEX91.8K-97.4K318.0K-2.1K-68.7K
Net DEX-135.1K-451.2K257.8K49.9K122.1K
Net VEX-2.8K-3.2K-2.3K-3.0K-2.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.002.400.000.00
Total Volume13.909067130
Total OI785.682722848747812

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$51.06$52.007.3%2.1%4.9%33.1%0.0%0.3%0.4%-2.1K49.9K-3.0K0.0037.47130459288
2024-05-02$51.14$52.006.8%2.0%4.9%28.1%0.0%0.9%0.3%15.4K11.0K-2.9K2.3319.54614472288
2024-05-03$51.53$52.003.8%1.1%5.5%0.0%0.0%2.3%2.7%81.7K-159.7K-3.0K0.0412.55261466298
2024-05-06$51.61$51.003.8%1.7%5.5%0.0%6.7%1.9%1.2%95.2K-191.2K-2.8K0.6013.192012466299
2024-05-07$51.84$51.005.0%1.7%5.6%12.3%5.7%1.5%1.2%162.6K-285.3K-2.9K2.0015.1612477303
2024-05-08$51.84$51.005.3%1.7%5.1%15.4%5.9%1.6%1.0%188.0K-383.1K-2.5K2.4012.75512478304
2024-05-09$51.81$51.005.5%1.8%4.9%17.8%0.0%2.0%0.8%157.3K-291.7K-3.1K0.0013.8900483313
2024-05-10$51.75$51.005.3%1.9%4.4%16.0%6.2%2.0%0.6%140.6K-274.9K-3.2K0.0012.8820483313
2024-05-13$51.75$51.006.0%1.8%4.4%22.4%0.0%2.1%0.6%171.3K-241.0K-3.2K0.0015.59190485313
2024-05-14$51.80$51.007.8%1.7%4.3%41.6%0.0%2.3%1.4%173.4K-321.8K-3.0K0.0017.4000504313
2024-05-15$51.98$51.005.8%1.7%4.3%21.0%4.2%1.7%0.9%318.0K-451.2K-2.7K2.0014.7124504313
2024-05-16$51.95$51.005.5%1.6%4.2%17.4%5.8%1.4%0.4%283.0K-333.0K-2.8K0.5013.892010506316
2024-05-17$51.78$51.004.9%1.4%4.5%11.2%4.7%4.8%0.9%236.8K-240.0K-2.6K0.1014.83101522326
2024-05-20$51.66$51.004.8%1.4%4.5%10.3%4.6%1.2%1.2%110.7K-234.3K-2.4K0.7515.882418462260
2024-05-21$51.64$51.005.2%1.5%4.5%14.3%0.0%1.8%1.0%138.9K-228.7K-2.7K0.0015.7710482259
2024-05-22$51.45$51.004.7%1.3%4.7%9.5%5.7%-0.0%1.9%73.5K-83.3K-2.5K0.0014.9605483259
2024-05-23$51.39$51.005.0%1.4%4.3%12.4%5.9%-0.3%1.5%50.0K-55.8K-2.3K0.0017.60067483264
2024-05-24$51.39$51.004.5%1.3%4.3%8.1%0.0%4.5%1.6%-54.0K54.9K-2.8K0.0011.3601483323
2024-05-28$51.30$51.005.9%1.7%4.3%21.5%6.7%7.8%0.5%-74.6K136.9K-2.5K0.0012.5510483324
2024-05-29$51.22$51.006.8%2.0%4.3%31.3%8.3%0.1%-0.1%-97.4K257.8K-2.9K0.6718.4132484324
2024-05-30$51.22$51.006.2%1.8%4.2%24.5%0.0%-1.6%0.2%-79.5K171.0K-2.7K0.0017.2140484324
2024-05-31$51.28$51.005.1%1.5%4.2%13.4%0.0%9.1%2.1%-68.7K122.1K-2.6K0.0012.7600488324