HYD Options History — January 2026

In January 2026, HYD traded between $50.98 and $51.52. ATM implied volatility averaged 7.1%, placing in the 12.8% IV rank vs the trailing year. The 30-day expected move averaged 1.7%. IV traded above realized volatility by 4.4% (HV 20d: 2.7%). Max pain ranged from $51.00 to $51.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 5.67.

Notable Days

  • 2026-01-05: Highest Volume — 528 contracts
  • 2026-01-12: Largest IV spike — 505.8% change
  • 2026-01-12: Highest IV Rank — 63.8%
  • 2026-01-07: Largest Expected Move — 3.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.22$50.98$51.52$51.14$51.09
Max Pain$51.00$51.00$51.00$51.00$51.00
ATM IV7.1%3.8%22.8%4.8%5.2%
Expected Move1.7%1.4%3.3%1.4%1.5%
HV 20d2.7%1.8%3.7%1.8%3.6%
HV 60d3.1%2.8%3.4%2.9%3.1%
IV Rank12.8%1.8%63.8%4.9%6.5%
IV Percentile25.8%1.6%99.6%4.4%10.3%
Term Structure0.5%-1.3%1.5%1.0%0.6%
VWIV5.6%3.6%8.1%4.9%5.3%
Skew 25d2.2%0.1%10.6%0.4%10.6%
Skew 10d3.9%-0.4%17.5%0.9%17.5%
Call IV 25d5.0%3.7%6.1%4.8%4.7%
Put IV 25d7.2%5.0%15.4%5.2%15.4%
Bid-Ask Spread %19.109.9358.2017.0410.81
Gamma HHI0.360.260.660.370.26
Net GEX-149.8K-2.1M356.1K-266.3K-125.6K
Net DEX1.0M89.0K3.3M314.1K1.7M
Net VEX-18.2K-24.3K-15.9K-17.5K-17.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.670.0058.3358.330.67
Total Volume116552835620
Total OI5,622.72,8737,9707,4773,157

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$51.14$51.004.8%1.4%1.8%4.9%0.0%0.4%1.0%-266.3K314.1K-17.5K58.3317.0463501,5895,888
2026-01-05$51.14$51.005.0%1.6%1.8%5.9%0.0%0.7%0.5%-77.9K433.4K-18.1K0.2917.094091191,5916,212
2026-01-06$51.14$51.005.7%1.6%1.8%8.1%0.0%0.4%0.4%356.1K894.7K-15.9K0.0016.340751,2426,330
2026-01-07$51.27$51.0019.9%3.3%2.0%54.4%4.9%7.0%1.5%-2.1M3.3M-24.3K0.0429.85227101,2446,405
2026-01-08$51.22$51.005.9%1.6%2.0%8.9%5.4%0.8%0.7%217.4K735.3K-17.0K5.0016.49151,2456,414
2026-01-09$51.28$51.003.8%1.6%2.1%1.8%5.4%0.1%0.8%199.1K496.0K-17.0K0.1412.87127181,2466,419
2026-01-12$51.30$51.0022.8%1.5%2.0%63.8%6.3%0.8%-0.3%-1.9M2.4M-20.7K9.6027.4810961,2866,437
2026-01-13$51.34$51.006.3%1.5%1.9%9.9%0.0%4.9%1.0%187.7K387.9K-17.8K1.3029.8923301,2966,511
2026-01-14$51.44$51.005.4%1.6%1.9%7.1%0.0%0.1%0.6%199.7K103.9K-17.9K0.3812.801351,3006,541
2026-01-15$51.52$51.004.9%1.4%1.9%5.4%5.6%0.7%0.9%200.8K89.0K-17.5K1.1412.9883951,2856,551
2026-01-16$51.38$51.005.3%1.5%2.2%6.7%5.4%0.7%0.3%119.4K311.3K-18.4K0.9112.7022201,3316,639
2026-01-20$50.98$51.006.3%1.8%3.6%9.8%6.5%2.9%0.1%11.6K1.6M-18.5K4.6711.0615701,3371,536
2026-01-21$51.11$51.005.5%1.6%3.7%7.3%5.4%0.6%0.8%-12.6K1.3M-18.4K12.2013.82101221,3521,579
2026-01-22$51.14$51.005.3%1.5%3.7%6.8%6.5%0.1%0.3%-7.4K1.3M-17.5K0.1227.99100121,3491,587
2026-01-23$51.14$51.005.2%1.5%3.7%6.4%3.6%2.3%0.7%19.1K1.2M-17.4K1.1413.7021241,4491,599
2026-01-26$51.23$51.009.5%2.7%3.7%20.3%8.1%1.4%-1.3%137.7K663.2K-21.2K0.0058.200451,4581,623
2026-01-27$51.25$51.005.5%1.6%3.7%7.2%0.0%0.9%0.2%23.5K940.7K-17.8K0.5020.5160301,4581,658
2026-01-28$51.22$51.004.9%1.4%3.5%5.3%4.8%7.8%1.0%-77.5K1.1M-16.8K0.0010.474201,4581,688
2026-01-29$51.16$51.005.8%1.7%3.6%8.5%5.3%0.5%-0.0%-84.7K1.3M-17.3K0.679.93321,4761,688
2026-01-30$51.09$51.005.2%1.5%3.6%6.5%0.0%10.6%0.6%-125.6K1.7M-17.6K0.0010.810201,4761,681