HYD Options History — March 2026

In March 2026, HYD traded between $49.82 and $51.27. ATM implied volatility averaged 8.7%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 2.5%. IV traded above realized volatility by 3.2% (HV 20d: 5.5%). Max pain ranged from $51.00 to $52.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 8.72.

Notable Days

  • 2026-03-03: Highest Volume — 327 contracts
  • 2026-03-04: Largest IV drop — 33.5% change
  • 2026-03-03: Highest IV Rank — 23.7%
  • 2026-03-12: Largest Expected Move — 3.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.53$49.82$51.27$51.27$50.30
Max Pain$51.14$51.00$52.00$52.00$51.00
ATM IV8.7%6.7%10.5%8.2%6.7%
Expected Move2.5%1.9%3.1%2.3%1.9%
HV 20d5.5%3.5%7.7%3.5%7.5%
HV 60d4.1%3.1%5.4%3.1%5.4%
IV Rank17.7%11.3%23.7%16.1%11.3%
IV Percentile74.4%52.0%86.1%70.6%52.0%
Term Structure-0.1%-6.5%1.8%0.0%1.8%
VWIV8.9%4.4%13.8%8.2%4.4%
Skew 25d2.0%-4.2%4.0%1.9%4.0%
Skew 10d5.7%-3.1%15.7%2.1%10.8%
Call IV 25d8.3%5.4%16.0%7.6%5.4%
Put IV 25d10.3%8.7%12.5%9.5%9.4%
Bid-Ask Spread %23.1211.3679.6456.1011.36
Gamma HHI0.260.150.700.240.29
Net GEX-396.0K-1.3M-143.9K-346.8K-272.7K
Net DEX2.8M1.8M3.9M1.8M3.3M
Net VEX-17.9K-19.9K-15.2K-17.9K-15.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio8.720.0054.000.361.20
Total Volume92.318113274922
Total OI2,991.6822,5683,2942,8362,792

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$51.27$52.008.2%2.3%3.5%16.1%8.2%1.9%0.0%-346.8K1.8M-17.9K0.3656.1036131,0451,791
2026-03-03$50.89$52.0010.5%3.0%4.4%23.7%11.8%0.4%-6.5%-422.0K2.6M-16.8K0.5179.642161111,0771,773
2026-03-04$50.97$52.007.0%2.0%4.4%12.3%5.0%3.3%0.5%-374.7K2.1M-19.2K0.0018.3602301,2711,819
2026-03-05$50.95$51.007.9%2.3%4.4%15.1%8.5%1.4%-0.3%-358.6K2.3M-19.9K0.6723.1154361,2711,874
2026-03-06$50.87$51.007.4%2.2%4.4%13.5%6.9%1.9%0.1%-407.3K2.6M-19.5K0.5322.1679421,2871,910
2026-03-09$50.89$51.007.6%2.1%4.4%14.1%0.0%2.2%0.9%-445.9K2.5M-19.8K0.0019.691601,3661,925
2026-03-10$50.78$51.007.3%2.1%4.4%13.2%0.0%-2.2%0.7%-487.2K2.8M-19.3K0.0024.390131,3601,925
2026-03-11$50.63$51.009.0%2.6%4.5%18.8%9.9%2.4%-1.2%-451.7K3.1M-19.5K23.1043.49102311,3601,934
2026-03-12$50.48$51.0010.4%3.1%4.6%23.2%0.0%-4.2%-1.0%-319.6K2.7M-18.4K1.3618.9111151,3701,685
2026-03-13$50.72$51.008.7%2.5%4.7%17.9%8.7%3.5%0.3%-444.4K2.2M-18.7K0.0015.2702061,3781,681
2026-03-16$50.78$51.008.5%2.4%4.7%17.2%8.3%2.6%0.7%-527.3K2.0M-18.8K1.8018.9110181,3781,704
2026-03-17$50.81$51.007.8%2.2%4.7%14.9%7.8%3.5%0.7%-652.0K2.3M-18.0K33.8612.5672371,3881,719
2026-03-18$50.70$51.008.2%2.3%4.7%16.2%8.6%2.3%0.3%-379.9K2.7M-18.0K54.0014.961541,3871,771
2026-03-19$50.58$51.008.1%2.3%4.7%15.9%8.0%2.7%0.1%-353.3K3.1M-18.2K0.9415.2031291,3881,825
2026-03-20$50.03$51.0010.1%2.9%5.9%22.4%13.8%3.2%-0.5%-1.3M3.9M-16.6K10.0016.601101,4091,781
2026-03-23$50.39$51.009.8%2.8%6.5%21.4%7.7%3.4%-0.0%-180.1K2.7M-17.3K0.1118.276471,0891,479
2026-03-24$49.82$51.009.4%2.6%7.4%20.1%9.3%1.7%0.4%-143.9K3.4M-16.3K26.0015.4341041,1401,483
2026-03-25$50.03$51.008.7%2.5%7.7%17.8%0.0%4.0%0.6%-242.8K3.3M-17.6K2.4016.2610241,1441,587
2026-03-26$49.91$51.009.8%2.8%7.6%21.4%9.8%2.2%0.0%-207.8K3.6M-16.1K0.2014.981021,1541,588
2026-03-27$49.84$51.0010.1%2.9%7.5%22.4%13.7%3.4%-0.9%-221.3K3.7M-16.3K0.6715.1024161,1641,578
2026-03-30$50.04$51.009.6%2.8%7.5%20.7%9.8%0.7%0.0%-217.3K3.4M-15.9K8.0017.863241,1781,589
2026-03-31$50.30$51.006.7%1.9%7.5%11.3%4.4%4.0%1.8%-272.7K3.3M-15.2K1.2011.3610121,1811,611