HYD Options History — January 2025

In January 2025, HYD traded between $51.31 and $51.95. ATM implied volatility averaged 8.9%, placing in the 40.0% IV rank vs the trailing year. The 30-day expected move averaged 2.5%. IV traded above realized volatility by 3.0% (HV 20d: 5.9%). Max pain ranged from $53.00 to $53.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 6.00.

Notable Days

2025-01-07: Highest Volume — 478 contracts
2025-01-15: Largest IV drop — 24.5% change
2025-01-14: Highest IV Rank — 55.1%
2025-01-02: Largest Expected Move — 3.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.71	$51.31	$51.95	$51.85	$51.88
Max Pain	$53.00	$53.00	$53.00	$53.00	$53.00
ATM IV	8.9%	6.8%	10.9%	10.6%	8.0%
Expected Move	2.5%	2.0%	3.0%	3.0%	2.3%
HV 20d	5.9%	4.0%	7.2%	6.9%	4.0%
HV 60d	6.3%	6.2%	6.4%	6.4%	6.2%
IV Rank	40.0%	23.7%	55.1%	53.0%	33.0%
IV Percentile	84.4%	54.4%	97.2%	97.2%	79.0%
Term Structure	0.2%	-0.7%	1.7%	-0.7%	0.4%
VWIV	8.7%	5.5%	11.3%	11.3%	7.4%
Skew 25d	1.2%	-0.7%	2.8%	0.9%	1.5%
Skew 10d	1.5%	-1.1%	5.6%	-0.2%	4.6%
Call IV 25d	8.4%	6.0%	11.4%	10.7%	7.4%
Put IV 25d	9.6%	7.9%	11.8%	11.6%	8.9%
Bid-Ask Spread %	35.78	19.67	80.81	27.40	30.77
Gamma HHI	0.40	0.25	0.65	0.51	0.34
Net GEX	-686.3K	-1.6M	-13.6K	-1.5M	-424.2K
Net DEX	4.5M	3.5M	5.8M	5.3M	3.5M
Net VEX	-12.0K	-17.4K	-9.7K	-17.4K	-10.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	6.00	0.00	78.00	4.00	0.00
Total Volume	56.3	0	478	15	2
Total OI	4,293.4	1,681	6,648	5,902	1,948

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
2025-01-02	$51.85	$53.00	10.6%	3.0%	6.9%	53.0%	11.3%	0.9%	-0.7%	-1.5M	5.3M	-17.4K	4.00	27.40	3	12	531	5,371
2025-01-03	$51.81	$53.00	10.0%	2.9%	6.8%	48.2%	10.2%	1.1%	-0.3%	-1.6M	5.5M	-16.8K	3.00	27.69	1	3	533	5,382
2025-01-06	$51.94	$53.00	9.7%	2.7%	6.9%	45.8%	8.9%	1.8%	-0.1%	-1.2M	4.7M	-14.3K	5.00	80.81	1	5	534	5,383
2025-01-07	$51.75	$53.00	10.6%	2.8%	6.9%	52.7%	10.0%	1.1%	-0.4%	-1.5M	5.4M	-15.0K	0.00	32.48	478	0	535	5,385
2025-01-08	$51.66	$53.00	10.8%	2.7%	6.9%	54.4%	0.0%	-0.7%	0.1%	-1.1M	4.8M	-16.0K	0.00	43.67	0	2	1,013	5,385
2025-01-10	$51.48	$53.00	10.4%	2.6%	7.0%	51.3%	8.6%	1.6%	0.3%	-1.0M	5.1M	-12.8K	0.32	26.66	34	11	1,013	5,387
2025-01-13	$51.31	$53.00	10.1%	2.5%	7.0%	49.0%	8.9%	0.3%	0.5%	-1.0M	5.2M	-10.6K	0.00	25.57	0	324	1,047	5,400
2025-01-14	$51.33	$53.00	10.9%	2.6%	7.0%	55.1%	8.9%	1.0%	0.5%	-810.8K	5.8M	-11.4K	78.00	25.21	1	78	1,047	5,560
2025-01-15	$51.58	$53.00	8.2%	2.4%	7.2%	34.5%	0.0%	1.1%	0.4%	-91.6K	5.3M	-11.2K	0.00	39.60	0	0	1,048	5,599
2025-01-16	$51.66	$53.00	8.5%	2.4%	7.2%	36.2%	8.6%	1.7%	0.1%	-13.6K	5.2M	-11.0K	0.00	35.40	1	0	1,048	5,599
2025-01-17	$51.66	$53.00	8.8%	2.5%	7.1%	38.5%	0.0%	1.0%	0.0%	-25.7K	5.1M	-10.7K	0.83	29.26	6	5	1,049	5,599
2025-01-21	$51.80	$53.00	8.2%	2.3%	6.8%	34.1%	9.2%	0.9%	0.4%	-405.5K	3.7M	-10.3K	0.56	31.93	64	36	454	1,227
2025-01-22	$51.84	$53.00	8.5%	2.4%	4.8%	36.6%	8.3%	1.2%	0.2%	-394.0K	3.5M	-11.2K	0.50	80.18	4	2	518	1,263
2025-01-23	$51.69	$53.00	8.5%	2.4%	4.5%	36.7%	9.3%	0.5%	-0.1%	-387.8K	3.8M	-10.5K	1.00	29.46	2	2	522	1,271
2025-01-24	$51.78	$53.00	7.4%	2.1%	4.5%	28.1%	5.5%	1.7%	0.5%	-429.4K	3.8M	-10.2K	1.50	19.67	2	3	525	1,273
2025-01-27	$51.95	$53.00	7.6%	2.2%	4.6%	29.5%	6.0%	2.1%	0.8%	-457.7K	3.6M	-10.2K	0.00	53.80	1	0	527	1,277
2025-01-28	$51.84	$53.00	7.5%	2.2%	4.2%	29.1%	9.3%	2.8%	0.5%	-455.9K	3.8M	-9.7K	1.20	28.43	10	12	528	1,277
2025-01-29	$51.70	$53.00	7.6%	2.2%	4.2%	29.9%	0.0%	1.2%	0.0%	-406.6K	3.9M	-9.7K	0.00	26.67	0	0	618	1,287
2025-01-30	$51.78	$53.00	6.8%	2.0%	4.0%	23.7%	7.4%	1.6%	1.7%	-418.2K	3.8M	-9.9K	0.05	20.96	20	1	618	1,287
2025-01-31	$51.88	$53.00	8.0%	2.3%	4.0%	33.0%	0.0%	1.5%	0.4%	-424.2K	3.5M	-10.9K	0.00	30.77	2	0	661	1,287