HYD Options History — February 2025

In February 2025, HYD traded between $51.53 and $52.47. ATM implied volatility averaged 9.0%, placing in the 40.4% IV rank vs the trailing year. The 30-day expected move averaged 2.6%. IV traded above realized volatility by 4.4% (HV 20d: 4.6%). Max pain ranged from $53.00 to $53.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 10.82.

Notable Days

2025-02-13: Highest Volume — 367 contracts
2025-02-21: Largest IV spike — 10.6% change
2025-02-07: Highest IV Rank — 47.8%
2025-02-10: Largest Expected Move — 2.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$52.04	$51.53	$52.47	$51.91	$52.47
Max Pain	$53.00	$53.00	$53.00	$53.00	$53.00
ATM IV	9.0%	8.2%	10.0%	9.5%	9.4%
Expected Move	2.6%	2.3%	2.9%	2.7%	2.7%
HV 20d	4.6%	3.7%	5.0%	4.0%	4.8%
HV 60d	5.4%	5.0%	6.2%	6.2%	5.4%
IV Rank	40.4%	34.1%	47.8%	44.1%	43.6%
IV Percentile	85.9%	77.4%	91.7%	89.7%	88.1%
Term Structure	0.4%	-0.6%	1.5%	-0.1%	0.0%
VWIV	10.4%	8.2%	16.8%	9.5%	11.7%
Skew 25d	1.5%	-1.8%	2.8%	1.5%	2.5%
Skew 10d	5.0%	0.5%	8.3%	0.5%	8.3%
Call IV 25d	8.8%	7.8%	10.0%	9.4%	8.3%
Put IV 25d	10.4%	6.5%	12.5%	10.9%	10.8%
Bid-Ask Spread %	37.14	23.84	59.26	31.27	25.04
Gamma HHI	0.25	0.22	0.31	0.31	0.22
Net GEX	-318.4K	-505.3K	-77.9K	-354.0K	-469.6K
Net DEX	2.9M	2.1M	3.9M	3.2M	2.1M
Net VEX	-11.7K	-12.6K	-10.1K	-11.6K	-12.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	10.82	0.00	152.00	0.00	1.75
Total Volume	107.368	4	367	175	33
Total OI	2,371.421	1,950	2,678	1,950	2,568

Daily Data (19 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
2025-02-03	$51.91	$53.00	9.5%	2.7%	4.0%	44.1%	9.5%	1.5%	-0.1%	-354.0K	3.2M	-11.6K	0.00	31.27	175	0	663	1,287
2025-02-04	$51.97	$53.00	9.7%	2.8%	4.0%	46.1%	9.2%	1.7%	-0.4%	-326.4K	3.0M	-11.6K	0.00	34.60	150	0	674	1,287
2025-02-05	$52.20	$53.00	9.4%	2.7%	4.2%	43.6%	9.5%	1.1%	0.4%	-229.4K	2.3M	-12.3K	0.00	23.84	60	0	814	1,287
2025-02-06	$52.19	$53.00	9.2%	2.8%	4.0%	41.7%	16.8%	1.7%	-0.6%	-174.4K	2.4M	-12.2K	2.93	29.58	14	41	874	1,287
2025-02-07	$52.00	$53.00	10.0%	2.6%	4.1%	47.8%	15.8%	2.8%	1.5%	-194.3K	2.7M	-12.2K	7.00	57.96	8	56	888	1,327
2025-02-10	$51.95	$53.00	9.7%	2.9%	3.9%	45.5%	10.7%	2.6%	-0.1%	-211.9K	2.9M	-11.6K	7.50	34.32	12	90	896	1,383
2025-02-11	$51.92	$53.00	9.0%	2.8%	3.7%	40.6%	9.8%	0.7%	0.1%	-231.5K	3.0M	-11.2K	0.11	59.26	9	1	897	1,393
2025-02-12	$51.53	$53.00	9.3%	2.7%	4.7%	42.7%	9.9%	1.6%	0.5%	-253.6K	3.9M	-10.1K	20.00	42.29	3	60	906	1,394
2025-02-13	$51.86	$53.00	8.8%	2.5%	4.9%	38.5%	9.2%	1.1%	1.1%	-299.2K	3.2M	-10.5K	7.53	58.43	43	324	908	1,414
2025-02-14	$51.91	$53.00	8.7%	2.5%	4.9%	37.9%	8.5%	2.7%	0.7%	-413.2K	3.2M	-12.1K	0.00	24.87	28	0	950	1,536
2025-02-18	$51.77	$53.00	8.6%	2.5%	5.0%	37.4%	8.6%	2.3%	0.8%	-418.2K	3.4M	-11.3K	152.00	28.88	2	304	974	1,536
2025-02-19	$51.86	$53.00	8.2%	2.4%	5.0%	34.3%	8.2%	1.2%	1.2%	-345.4K	3.6M	-10.9K	1.14	35.85	88	100	976	1,592
2025-02-20	$51.91	$53.00	8.2%	2.4%	5.0%	34.4%	9.6%	2.4%	0.7%	-77.9K	3.4M	-11.7K	0.00	55.41	4	0	1,064	1,612
2025-02-21	$52.13	$53.00	9.1%	2.6%	5.0%	41.1%	9.1%	1.6%	0.3%	-173.6K	2.6M	-11.5K	0.50	30.83	177	89	1,066	1,612
2025-02-24	$52.16	$53.00	8.4%	2.4%	5.0%	35.6%	8.4%	-1.8%	0.4%	-424.7K	2.9M	-11.5K	2.03	35.32	32	65	797	1,603
2025-02-25	$52.30	$53.00	8.2%	2.3%	5.0%	34.1%	9.2%	-0.1%	0.5%	-505.3K	2.6M	-11.8K	2.82	35.17	11	31	829	1,668
2025-02-26	$52.42	$53.00	8.6%	2.5%	4.9%	37.5%	14.5%	2.2%	0.4%	-462.9K	2.2M	-12.6K	0.29	28.13	7	2	839	1,699
2025-02-27	$52.38	$53.00	9.2%	2.6%	4.8%	41.8%	9.1%	1.2%	0.1%	-483.9K	2.3M	-12.1K	0.05	34.65	20	1	846	1,711
2025-02-28	$52.47	$53.00	9.4%	2.7%	4.8%	43.6%	11.7%	2.5%	0.0%	-469.6K	2.1M	-12.5K	1.75	25.04	12	21	856	1,712