HYD Options History — July 2025

In July 2025, HYD traded between $48.86 and $50.17. ATM implied volatility averaged 6.7%, placing in the 9.0% IV rank vs the trailing year. The 30-day expected move averaged 1.9%. IV traded above realized volatility by 2.5% (HV 20d: 4.2%). Max pain ranged from $49.00 to $50.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 5.86.

Notable Days

  • 2025-07-09: Highest Volume — 289 contracts
  • 2025-07-08: Largest IV drop — 19.0% change
  • 2025-07-22: Highest IV Rank — 11.4%
  • 2025-07-22: Largest Expected Move — 2.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.42$48.86$50.17$50.06$49.19
Max Pain$49.91$49.00$50.00$50.00$50.00
ATM IV6.7%5.4%7.4%6.9%5.4%
Expected Move1.9%1.6%2.1%2.0%1.6%
HV 20d4.2%3.7%4.6%4.0%4.6%
HV 60d5.7%4.8%9.8%9.8%4.8%
IV Rank9.0%4.8%11.4%9.6%4.8%
IV Percentile29.4%9.1%42.9%33.7%9.1%
Term Structure0.2%-2.7%1.4%0.4%1.1%
VWIV6.8%5.5%7.8%7.0%5.5%
Skew 25d1.6%-0.9%4.1%0.8%3.3%
Skew 10d2.7%-0.9%7.4%0.5%7.0%
Call IV 25d5.7%4.4%7.1%5.3%5.3%
Put IV 25d7.4%5.7%9.5%6.0%8.6%
Bid-Ask Spread %26.4314.6658.7015.5815.57
Gamma HHI0.280.210.370.300.27
Net GEX-210.0K-331.4K-73.2K-77.3K-237.9K
Net DEX8.6M6.4M9.7M7.0M9.5M
Net VEX-10.1K-17.4K-5.4K-15.4K-5.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.860.0027.380.000.82
Total Volume79.136102892582
Total OI3,891.53,7034,0373,7033,983

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$50.06$50.006.9%2.0%4.0%9.6%0.0%0.8%0.4%-77.3K7.0M-15.4K0.0015.582501,6692,034
2025-07-02$50.13$50.006.6%1.9%3.9%8.7%0.0%1.2%0.8%-73.2K6.6M-16.5K2.0015.4810201,6942,018
2025-07-03$50.17$49.006.4%2.0%3.7%8.1%0.0%1.0%0.2%-95.8K6.4M-17.4K0.0025.645701,6952,038
2025-07-07$49.97$49.007.2%2.0%4.0%10.6%7.0%-0.9%0.5%-122.3K7.1M-15.0K5.0033.092101,7162,038
2025-07-08$49.91$50.005.8%1.6%3.8%6.0%0.0%1.5%1.4%-158.6K7.3M-13.3K8.1758.70302451,7182,046
2025-07-09$50.02$50.006.2%1.8%3.8%7.3%6.2%-0.5%1.0%-146.8K7.2M-15.6K19.6437.25142751,7082,129
2025-07-10$49.91$50.006.2%1.8%3.9%7.2%6.2%1.2%0.8%-265.5K7.6M-14.0K0.4046.471041,7222,150
2025-07-11$49.64$50.006.5%1.8%4.3%8.2%6.4%1.4%0.7%-215.7K8.4M-11.3K9.0031.204361,7232,153
2025-07-14$49.53$50.007.3%2.1%4.0%11.1%7.5%2.0%-0.3%-165.7K8.6M-10.8K27.3835.4482191,7272,184
2025-07-15$49.36$50.007.3%2.1%4.0%11.1%0.0%0.9%0.2%-164.2K8.8M-9.9K0.0022.920201,7352,202
2025-07-16$49.22$50.007.2%2.1%3.9%10.7%7.7%1.6%0.2%-212.6K8.7M-9.0K0.0023.3901751,7352,159
2025-07-17$48.95$50.007.4%2.1%4.2%11.2%7.7%2.5%0.1%-317.7K9.5M-7.2K1.7027.50881501,7352,251
2025-07-18$48.86$50.007.1%2.0%4.2%10.4%0.0%2.0%0.0%-331.4K9.7M-7.6K0.0020.050121,7212,316
2025-07-21$49.08$50.007.2%2.1%4.5%10.7%7.8%2.7%0.2%-251.6K9.4M-7.6K0.8318.2324201,6252,251
2025-07-22$49.05$50.007.4%2.1%4.5%11.4%7.3%2.8%-0.3%-244.7K9.4M-8.3K0.0818.121211,6452,271
2025-07-23$48.95$50.007.0%2.0%4.4%10.0%7.2%2.1%-2.7%-230.6K9.4M-8.0K1.4021.3710141,6572,272
2025-07-24$48.97$50.006.5%1.9%4.5%8.5%6.5%1.9%0.1%-239.7K9.7M-5.5K1.0918.7423251,6472,283
2025-07-25$49.03$50.006.5%1.9%4.5%8.4%0.0%2.3%-0.2%-263.4K9.7M-5.6K9.0021.66191,6692,308
2025-07-28$49.00$50.006.4%1.8%4.5%7.9%0.0%2.2%0.3%-282.2K9.7M-6.3K2.0031.2210201,6702,311
2025-07-29$49.20$50.006.5%1.9%4.5%8.3%6.5%4.1%-0.6%-312.1K9.5M-6.0K11.8014.665591,6802,341
2025-07-30$49.06$50.006.3%1.8%4.4%7.6%6.3%0.0%-0.0%-211.1K9.6M-5.7K11.0029.151111,6832,301
2025-07-31$49.19$50.005.4%1.6%4.6%4.8%5.5%3.3%1.1%-237.9K9.5M-5.4K0.8215.5745371,6842,299