HYD Options History — May 2025

In May 2025, HYD traded between $49.50 and $50.28. ATM implied volatility averaged 9.2%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 2.7%. IV traded above realized volatility by 1.6% (HV 20d: 7.6%). Max pain ranged from $52.00 to $53.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 15.01.

Notable Days

  • 2025-05-16: Highest Volume — 222 contracts
  • 2025-05-12: Largest IV spike — 18.4% change
  • 2025-05-12: Highest IV Rank — 22.3%
  • 2025-05-05: Largest Expected Move — 3.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.93$49.50$50.28$50.21$49.95
Max Pain$52.90$52.00$53.00$52.00$53.00
ATM IV9.2%7.5%10.7%9.9%7.5%
Expected Move2.7%2.2%3.1%2.8%2.2%
HV 20d7.6%4.8%15.8%15.8%4.8%
HV 60d9.9%9.8%10.0%9.9%9.8%
IV Rank17.5%11.8%22.3%20.4%11.8%
IV Percentile68.3%46.8%85.3%77.0%46.8%
Term Structure1.0%0.4%2.0%1.4%2.0%
VWIV9.5%7.5%11.0%10.8%8.0%
Skew 25d0.6%-2.6%5.7%0.2%2.2%
Skew 10d1.3%-3.1%5.7%-2.8%2.5%
Call IV 25d8.8%6.0%10.4%10.4%6.3%
Put IV 25d9.5%6.6%11.7%10.6%8.5%
Bid-Ask Spread %25.7714.2351.3014.2315.44
Gamma HHI0.540.220.920.580.27
Net GEX-2.8M-9.8M-512.5K-2.5M-713.7K
Net DEX12.1M9.4M16.7M12.3M9.7M
Net VEX-19.6K-30.5K-14.2K-30.5K-14.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio15.010.00201.009.880.00
Total Volume73.7142222879
Total OI5,761.7623,3977,6127,4173,552

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$50.21$52.009.9%2.8%15.8%20.4%10.8%0.2%1.4%-2.5M12.3M-30.5K9.8814.238791,0926,325
2025-05-02$50.13$52.009.2%2.6%15.6%18.0%8.2%5.7%1.7%-2.9M12.9M-27.9K0.3321.92931,0936,356
2025-05-05$49.95$53.0010.1%3.1%15.6%21.0%10.7%1.9%0.8%-2.9M14.2M-25.2K7.0626.08171201,0886,359
2025-05-06$50.11$53.0010.1%3.1%9.0%20.9%11.0%0.3%0.4%-2.9M13.0M-25.1K201.0035.9212011,0956,370
2025-05-07$50.28$53.0010.1%3.1%8.8%20.9%8.9%-2.4%0.4%-2.7M11.7M-24.8K9.8732.95151481,0956,217
2025-05-08$50.06$53.008.8%3.1%7.6%16.7%0.0%0.1%0.7%-3.4M12.9M-23.9K2.0051.30121,1086,256
2025-05-09$50.02$53.009.0%2.9%7.6%16.8%10.1%1.0%1.3%-3.5M13.4M-22.7K0.7023.0140281,1096,253
2025-05-12$49.97$53.0010.7%2.9%6.4%22.3%10.6%0.7%0.5%-3.9M13.9M-20.5K52.0023.721521,1496,281
2025-05-13$50.09$53.0010.1%2.6%6.2%20.5%9.2%-0.3%1.9%-4.6M12.8M-20.9K1.4623.6226381,1506,333
2025-05-14$49.78$53.009.8%2.8%6.6%19.2%9.7%3.7%1.2%-5.7M16.7M-18.0K7.6726.98151151,1506,368
2025-05-15$49.89$53.009.0%2.6%6.5%16.7%10.3%-2.6%0.6%-8.4M15.8M-18.1K2.2331.3144981,1656,405
2025-05-16$49.91$53.007.9%2.3%6.5%13.1%7.5%0.3%1.1%-9.8M15.7M-17.0K10.6824.31192031,2076,405
2025-05-19$49.91$53.008.8%2.5%5.8%16.1%8.8%2.1%1.0%-601.1K9.4M-16.9K0.4228.3466288102,587
2025-05-20$49.78$53.008.7%2.5%5.7%15.7%9.3%-0.1%1.5%-633.9K9.8M-14.8K3.1118.8118568482,615
2025-05-21$49.50$53.0010.2%2.9%5.7%20.6%9.9%1.1%0.7%-512.5K10.0M-15.6K0.6733.741288482,671
2025-05-22$49.55$53.009.3%2.7%5.1%17.5%9.6%1.2%1.0%-534.2K10.0M-15.3K0.0017.66208402,679
2025-05-23$49.66$53.009.0%2.6%5.0%16.7%9.6%0.2%0.7%-571.1K9.9M-15.2K2.0022.26248422,679
2025-05-27$49.89$53.008.5%2.4%5.3%15.1%0.0%-2.1%0.9%-669.1K9.5M-15.6K0.0027.353308422,681
2025-05-28$49.89$53.008.1%2.3%5.2%13.8%8.1%-0.1%1.0%-655.3K9.7M-14.7K1.6015.18588552,681
2025-05-29$49.95$53.008.3%2.4%5.1%14.2%8.0%0.5%0.7%-638.8K9.9M-14.2K2.5027.034108572,681
2025-05-30$49.95$53.007.5%2.2%4.8%11.8%0.0%2.2%2.0%-713.7K9.7M-14.7K0.0015.44908612,691