HYD Options History — February 2026

In February 2026, HYD traded between $50.97 and $51.61. ATM implied volatility averaged 5.6%, placing in the 7.6% IV rank vs the trailing year. The 30-day expected move averaged 1.6%. IV traded above realized volatility by 2.4% (HV 20d: 3.2%). Max pain ranged from $51.00 to $52.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 11.23.

Notable Days

  • 2026-02-17: Highest Volume — 477 contracts
  • 2026-02-04: Largest IV drop — 13.7% change
  • 2026-02-17: Highest IV Rank — 10.4%
  • 2026-02-17: Largest Expected Move — 1.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.23$50.97$51.61$50.98$51.61
Max Pain$51.84$51.00$52.00$51.00$52.00
ATM IV5.6%4.5%6.4%5.8%5.0%
Expected Move1.6%1.3%1.8%1.7%1.4%
HV 20d3.2%2.3%3.8%3.7%2.5%
HV 60d3.0%2.8%3.2%3.2%2.8%
IV Rank7.6%4.1%10.4%8.2%5.8%
IV Percentile22.9%3.6%44.8%23.0%9.1%
Term Structure1.6%-0.9%9.3%-0.1%0.5%
VWIV6.0%4.1%6.8%5.8%4.1%
Skew 25d1.4%-1.2%9.6%-0.4%0.9%
Skew 10d3.4%-0.8%10.0%-0.8%6.9%
Call IV 25d5.8%4.7%6.8%5.1%5.8%
Put IV 25d7.2%4.6%15.2%4.6%6.7%
Bid-Ask Spread %28.0710.85100.8711.3826.15
Gamma HHI0.250.230.300.250.28
Net GEX-340.7K-533.7K-120.0K-120.0K-316.9K
Net DEX1.5M702.7K2.3M2.1M702.7K
Net VEX-16.7K-18.2K-15.1K-18.2K-16.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio11.230.0080.005.000.00
Total Volume62.31664772410
Total OI3,138.6842,8213,5433,1002,881

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$50.98$51.005.8%1.7%3.7%8.2%5.8%-0.4%-0.1%-120.0K2.1M-18.2K5.0011.384201,4031,697
2026-02-03$50.97$51.005.3%1.5%3.7%6.9%0.0%0.2%0.5%-203.1K2.1M-17.0K0.2510.852051,4041,717
2026-02-04$51.00$51.004.6%1.3%3.7%4.5%0.0%0.2%1.8%-251.9K2.0M-17.3K0.8313.44651,4251,717
2026-02-05$51.05$52.004.7%1.7%3.6%4.8%6.4%0.9%1.4%-226.8K1.9M-17.0K2.3322.646141,4311,721
2026-02-06$50.97$52.004.9%1.6%3.6%5.5%6.7%0.6%1.7%-276.1K2.2M-17.2K2.4017.175121,4351,724
2026-02-09$51.05$52.004.5%1.5%3.6%4.1%0.0%0.4%2.0%-356.3K2.0M-15.1K1.0021.98331,4401,735
2026-02-10$51.11$52.005.0%1.5%3.7%5.8%0.0%0.4%1.7%-286.8K1.7M-16.3K80.0036.151801,4431,738
2026-02-11$51.03$52.005.2%1.5%3.7%6.5%5.2%9.6%7.1%-502.2K2.3M-16.0K10.5038.372211,4441,825
2026-02-12$51.20$52.005.8%1.6%3.8%8.2%0.0%3.6%1.5%-455.3K1.3M-16.0K0.0028.290201,4441,846
2026-02-13$51.28$52.005.9%1.7%3.8%8.8%6.0%0.8%1.3%-325.5K980.0K-15.2K2.5025.588201,4441,826
2026-02-17$51.33$52.006.4%1.8%3.7%10.4%6.8%1.2%0.9%-274.1K865.0K-15.1K0.1329.18422551,4451,826
2026-02-18$51.31$52.006.3%1.8%2.3%10.1%6.3%1.4%0.9%-495.1K1.1M-17.3K26.0025.961261,4831,876
2026-02-19$51.42$52.006.2%1.8%2.3%9.5%6.0%0.0%0.3%-249.5K710.2K-17.2K21.4020.43102141,4841,864
2026-02-20$51.28$52.006.2%1.8%2.5%9.6%6.1%0.7%0.4%-533.7K1.5M-17.8K12.5020.124501,4762,067
2026-02-23$51.34$52.006.4%1.8%2.5%10.3%6.4%1.3%0.7%-490.5K1.5M-16.5K22.0017.801221,0421,797
2026-02-24$51.41$52.005.5%1.6%2.5%7.6%6.3%-1.2%-0.3%-354.8K1.3M-17.5K2.0045.005101,0421,779
2026-02-25$51.45$52.006.1%1.8%2.5%9.4%5.7%1.1%9.3%-397.5K1.3M-16.6K0.0021.935601,0461,789
2026-02-26$51.56$52.005.8%1.7%2.6%8.3%6.8%4.2%-0.9%-356.3K744.2K-16.8K13.33100.873401,0901,789
2026-02-27$51.61$52.005.0%1.4%2.5%5.8%4.1%0.9%0.5%-316.9K702.7K-16.2K0.0026.151001,0901,791