HYD Options History — April 2025

In April 2025, HYD traded between $49.19 and $51.38. ATM implied volatility averaged 14.7%, placing in the 46.3% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 1.4% (HV 20d: 13.3%). Max pain ranged from $51.00 to $53.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 20.96.

Notable Days

  • 2025-04-04: Highest Volume — 5,057 contracts
  • 2025-04-08: Largest IV spike — 74.4% change
  • 2025-04-07: Highest IV Rank — 100.0%
  • 2025-04-07: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.06$49.19$51.38$51.27$50.45
Max Pain$52.05$51.00$53.00$52.00$52.00
ATM IV14.7%10.9%34.0%13.5%10.9%
Expected Move4.1%3.1%8.4%3.2%3.1%
HV 20d13.3%5.3%15.8%5.3%15.7%
HV 60d8.7%4.9%9.9%4.9%9.9%
IV Rank46.3%23.8%100.0%74.9%23.8%
IV Percentile95.7%86.5%100.0%99.2%86.5%
Term Structure-1.1%-16.4%1.4%-1.1%1.4%
VWIV13.9%6.8%21.6%10.5%11.3%
Skew 25d2.2%-3.1%16.6%4.5%-0.0%
Skew 10d3.9%-5.7%15.0%9.2%-1.0%
Call IV 25d13.4%10.4%22.6%10.7%11.5%
Put IV 25d15.6%7.4%31.2%15.1%11.5%
Bid-Ask Spread %47.7317.83162.1034.4330.21
Gamma HHI0.420.200.710.210.71
Net GEX-2.1M-5.3M-428.2K-456.1K-2.3M
Net DEX15.0M5.2M21.2M5.8M11.6M
Net VEX-32.9K-42.8K-16.8K-16.8K-27.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio20.960.00341.2558.701.85
Total Volume450.71415,05759757
Total OI7,361.4763,4789,6453,5177,363

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$51.27$52.0013.5%3.2%5.3%74.9%10.5%4.5%-1.1%-456.1K5.8M-16.8K58.7034.43105871,1642,353
2025-04-02$51.13$53.0011.9%3.2%5.3%62.8%10.7%3.2%-0.5%-465.9K5.7M-17.2K2.9823.12541611,1742,304
2025-04-03$51.38$53.0013.8%3.4%5.7%77.3%6.8%-3.1%-1.0%-428.2K5.2M-19.2K0.3849.451351,2262,387
2025-04-04$51.23$53.0012.8%4.2%5.7%69.6%18.1%-2.1%-1.8%-444.5K5.6M-18.7K7.0747.226274,4301,2192,387
2025-04-07$49.44$53.0019.5%8.4%13.6%100.0%8.6%16.6%-16.4%-1.0M16.8M-41.9K2.43162.101343251,8466,761
2025-04-08$49.19$53.0034.0%5.3%13.6%100.0%21.6%0.5%-1.1%-1.6M19.5M-42.8K1.35147.9331421,7897,040
2025-04-09$49.86$52.0013.9%4.0%14.7%33.6%13.8%5.2%-0.4%-2.8M20.0M-36.8K0.1145.89149171,8147,044
2025-04-10$49.84$51.0016.4%4.7%14.5%41.7%18.8%6.0%-0.7%-1.9M17.3M-42.1K15.0022.842301,8737,038
2025-04-11$49.30$51.0017.6%5.0%14.9%45.9%13.7%4.7%-1.3%-2.1M21.2M-36.4K341.2546.0341,3651,8737,049
2025-04-14$49.59$51.0015.1%4.3%15.1%37.6%17.5%3.1%-0.2%-2.6M21.2M-39.9K0.4250.42140591,8777,370
2025-04-15$49.66$51.0014.1%4.0%15.2%34.3%14.4%2.6%0.2%-3.0M20.7M-39.4K3.1327.151885881,9367,419
2025-04-16$49.83$52.0012.9%3.7%15.3%30.3%14.3%1.3%0.6%-3.9M19.6M-39.2K0.3535.6434122,0667,550
2025-04-17$49.91$52.0012.7%3.6%15.3%29.6%15.0%1.7%-0.6%-5.3M19.3M-40.9K2.6134.4628732,1037,542
2025-04-21$49.51$52.0015.0%4.3%15.4%37.2%17.2%2.4%1.4%-2.0M16.8M-36.8K0.8529.2361529436,240
2025-04-22$49.36$52.0014.4%4.1%15.4%35.4%0.0%-1.3%-0.9%-2.2M17.5M-34.0K0.3340.282489946,246
2025-04-23$49.67$52.0012.5%3.6%15.7%29.0%15.5%0.4%-0.2%-2.5M15.6M-32.2K1.0631.3234369826,253
2025-04-24$50.01$52.0012.1%3.5%15.8%27.7%12.6%0.7%-0.3%-2.4M14.4M-33.0K0.2573.1548121,0106,288
2025-04-25$50.16$52.0011.6%3.3%15.8%25.8%11.5%0.0%0.0%-2.5M14.6M-34.5K0.0026.832301,0556,288
2025-04-28$50.13$52.0012.5%3.6%15.6%29.0%0.0%-0.1%-0.3%-2.5M14.1M-32.8K0.0026.82101,0746,288
2025-04-29$50.31$52.0011.5%3.3%15.7%25.8%11.3%0.3%0.5%-2.8M12.6M-29.2K0.0017.83101,0756,288
2025-04-30$50.45$52.0010.9%3.1%15.7%23.8%11.3%-0.0%1.4%-2.3M11.6M-27.7K1.8530.2120371,0756,288