HYD Options History — November 2025

In November 2025, HYD traded between $50.72 and $51.33. ATM implied volatility averaged 6.4%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 1.8%. IV traded above realized volatility by 2.9% (HV 20d: 3.5%). Max pain ranged from $51.00 to $53.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 1.88.

Notable Days

  • 2025-11-26: Highest Volume — 437 contracts
  • 2025-11-07: Largest IV spike — 113.1% change
  • 2025-11-07: Highest IV Rank — 24.9%
  • 2025-11-25: Largest Expected Move — 2.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.97$50.72$51.33$50.89$51.10
Max Pain$52.26$51.00$53.00$51.00$52.00
ATM IV6.4%5.1%10.9%6.3%5.4%
Expected Move1.8%1.6%2.0%1.8%1.6%
HV 20d3.5%3.0%4.1%3.0%4.1%
HV 60d3.8%3.7%3.9%3.8%3.8%
IV Rank9.9%5.9%24.9%9.6%6.9%
IV Percentile22.8%4.8%88.1%20.6%6.7%
Term Structure2.4%-0.6%12.7%3.2%0.4%
VWIV6.5%5.3%7.6%6.2%5.9%
Skew 25d2.2%0.1%4.6%2.3%1.2%
Skew 10d2.0%-9.3%10.2%3.3%1.1%
Call IV 25d4.9%3.9%6.5%5.4%4.1%
Put IV 25d7.1%5.3%9.2%7.7%5.3%
Bid-Ask Spread %39.2614.6371.1414.6317.34
Gamma HHI0.320.240.420.250.37
Net GEX-3.8K-162.0K240.6K-35.9K39.5K
Net DEX3.1M1.8M4.1M3.9M2.2M
Net VEX-14.1K-17.1K-12.2K-14.7K-14.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.880.008.600.000.50
Total Volume81.3680437123
Total OI3,126.5262,9903,2673,0023,265

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-11-03$50.89$51.006.3%1.8%3.0%9.6%6.2%2.3%3.2%-35.9K3.9M-14.7K0.0014.630121,2361,766
2025-11-04$50.94$51.006.2%1.8%3.1%9.4%6.2%2.5%-0.2%-97.6K3.1M-15.6K0.0017.40021,2361,754
2025-11-05$50.75$51.006.1%1.7%3.3%9.1%6.1%1.8%5.5%-132.5K3.0M-17.1K0.0018.06051,2411,755
2025-11-06$50.86$53.005.1%1.8%3.4%5.9%7.6%3.3%0.9%-75.6K3.4M-14.8K0.0044.550951,2411,755
2025-11-07$50.86$53.0010.9%2.0%3.2%24.9%0.0%0.8%-0.0%-162.0K3.2M-16.1K0.0050.69101,2411,819
2025-11-10$50.86$53.005.5%1.7%3.2%7.0%0.0%1.6%1.3%-58.2K3.6M-13.6K0.9640.5025241,2401,819
2025-11-11$51.00$53.005.5%1.8%3.3%7.2%0.0%0.1%7.2%-120.1K2.9M-14.8K0.0071.14061,2671,843
2025-11-12$50.94$53.006.7%1.9%3.4%11.1%6.7%1.7%0.2%-69.1K3.4M-13.6K0.0048.950111,2671,843
2025-11-13$50.86$53.006.8%2.0%3.3%11.4%5.3%2.5%0.2%-67.4K3.4M-14.2K0.0056.520151,2671,836
2025-11-14$50.72$53.005.7%1.6%3.4%7.9%7.2%2.1%1.4%28.7K4.1M-12.7K6.0058.38161,2671,816
2025-11-17$50.87$53.006.5%1.9%3.5%10.4%6.5%1.5%1.0%12.3K3.6M-12.6K3.9640.27732891,2671,816
2025-11-18$51.00$52.006.5%1.9%3.6%10.5%6.5%3.4%0.9%93.1K3.1M-13.8K0.5834.8753311,3251,886
2025-11-19$50.97$52.006.2%1.8%3.6%9.3%0.0%4.4%1.0%240.6K3.3M-13.6K0.0031.09001,3781,889
2025-11-20$50.98$52.006.6%1.9%3.6%10.6%6.8%2.3%10.4%3.8K3.2M-13.4K0.0024.26601,3781,889
2025-11-21$51.03$52.006.0%1.7%3.6%8.7%5.9%2.5%-0.1%27.7K3.1M-12.8K0.0724.90364261,3781,889
2025-11-24$51.20$52.005.7%1.6%3.8%7.8%7.0%2.5%0.3%110.1K2.5M-13.4K8.6068.465431,4351,763
2025-11-25$51.25$52.007.0%2.0%3.8%12.0%0.0%4.6%12.7%13.8K2.0M-13.6K0.0059.981301,4401,724
2025-11-26$51.33$52.006.0%1.7%3.8%8.9%5.9%1.4%-0.6%176.2K1.8M-12.2K0.0523.86417201,4491,724
2025-11-28$51.10$52.005.4%1.6%4.1%6.9%0.0%1.2%0.4%39.5K2.2M-14.9K0.5017.34211,5211,744