HLIT Options History — February 2025

In February 2025, HLIT traded between $9.50 and $11.38. ATM implied volatility averaged 59.3%, placing in the 34.4% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded above realized volatility by 5.5% (HV 20d: 53.8%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.58.

Notable Days

2025-02-11: Highest Volume — 1,723 contracts
2025-02-11: Largest IV drop — 57.8% change
2025-02-10: Highest IV Rank — 83.5%
2025-02-03: Largest Expected Move — 29.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.49	$9.50	$11.38	$10.98	$10.26
Max Pain	$10.39	$10.00	$12.50	$12.50	$10.00
ATM IV	59.3%	34.0%	114.1%	103.8%	42.7%
Expected Move	15.1%	9.7%	29.8%	29.8%	12.2%
HV 20d	53.8%	22.2%	67.6%	33.6%	67.6%
HV 60d	40.6%	29.2%	46.3%	31.7%	46.2%
IV Rank	34.4%	11.7%	83.5%	74.3%	19.5%
IV Percentile	63.0%	27.8%	99.6%	99.6%	55.2%
Term Structure	-6.8%	-34.7%	2.5%	-34.7%	-1.4%
VWIV	52.4%	36.9%	95.8%	95.8%	42.7%
Skew 25d	15.5%	-13.7%	115.4%	25.8%	115.4%
Skew 10d	29.5%	-22.6%	237.0%	61.7%	237.0%
Call IV 25d	43.6%	25.1%	80.7%	80.7%	33.9%
Put IV 25d	59.1%	34.5%	149.2%	106.5%	149.2%
Bid-Ask Spread %	82.11	56.20	98.37	67.58	83.48
Gamma HHI	0.65	0.47	0.94	0.69	0.49
Net GEX	13.2K	-26.2K	51.3K	41.2K	8.6K
Net DEX	10.8K	-617.8K	1.2M	-345.5K	-218.8K
Net VEX	-2.6K	-4.6K	-1.2K	-4.3K	-2.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.58	0.00	2.50	0.26	0.03
Total Volume	247.053	6	1,723	68	6
Total OI	4,811.579	1,417	6,736	5,092	1,697

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-02-03	$10.98	$12.50	103.8%	29.8%	33.6%	74.3%	95.8%	25.8%	-34.7%	41.2K	-345.5K	-4.3K	0.26	67.58	N/A	N/A	54	14	4,023	1,069
2025-02-04	$11.25	$12.50	101.1%	29.0%	31.2%	71.9%	83.2%	29.4%	-29.9%	46.3K	-425.7K	-4.4K	2.00	64.57	N/A	N/A	37	74	4,055	1,067
2025-02-05	$11.38	$12.50	91.6%	26.3%	32.0%	63.4%	88.2%	24.5%	-29.1%	49.3K	-617.8K	-4.6K	2.17	79.71	N/A	N/A	6	13	4,063	1,067
2025-02-06	$11.27	$10.00	95.0%	18.2%	31.8%	66.4%	0.0%	11.6%	-5.5%	47.0K	-511.7K	-4.2K	0.81	84.97	N/A	N/A	16	13	4,069	1,070
2025-02-07	$11.13	$10.00	97.4%	15.3%	31.2%	68.6%	64.4%	-13.7%	-8.6%	45.9K	-359.9K	-3.9K	0.03	95.30	N/A	N/A	337	11	4,066	1,071
2025-02-10	$11.16	$10.00	114.1%	20.7%	22.2%	83.5%	65.5%	16.1%	-10.1%	51.3K	-497.0K	-4.0K	1.12	80.26	N/A	N/A	528	589	4,368	1,074
2025-02-11	$9.50	$10.00	48.1%	11.5%	59.6%	24.3%	39.7%	-12.3%	-1.1%	-26.2K	1.2M	-1.2K	2.50	56.20	N/A	N/A	492	1,231	4,863	1,673
2025-02-12	$9.61	$10.00	37.6%	10.8%	60.0%	14.9%	37.7%	-2.3%	-0.3%	-14.5K	882.1K	-1.6K	0.23	90.00	N/A	N/A	190	44	5,112	1,470
2025-02-13	$9.86	$10.00	37.0%	10.6%	60.9%	14.3%	0.0%	-1.5%	0.9%	-19.7K	781.3K	-1.9K	0.17	90.05	N/A	N/A	75	13	5,228	1,508
2025-02-14	$10.04	$10.00	39.1%	11.2%	61.7%	16.2%	38.3%	1.8%	-1.2%	-20.9K	405.7K	-2.1K	0.16	83.72	N/A	N/A	143	23	5,283	1,251
2025-02-18	$10.54	$10.00	40.5%	11.6%	65.2%	17.5%	40.4%	8.5%	-0.2%	3.6K	71.9K	-1.9K	0.05	84.33	N/A	N/A	154	7	5,332	1,235
2025-02-19	$10.64	$10.00	39.7%	11.4%	65.2%	16.7%	39.6%	14.6%	0.8%	322	100.5K	-1.9K	0.27	84.42	N/A	N/A	164	45	5,284	1,232
2025-02-20	$10.71	$10.00	41.6%	11.9%	65.4%	18.5%	41.6%	16.4%	-1.3%	3.9K	106.9K	-1.8K	0.03	83.63	N/A	N/A	33	1	5,244	1,240
2025-02-21	$10.64	$10.00	40.3%	11.5%	65.4%	17.3%	40.2%	14.2%	2.5%	7.6K	110.6K	-1.8K	0.28	86.72	N/A	N/A	40	11	5,248	1,236
2025-02-24	$10.05	$10.00	42.8%	12.3%	67.3%	19.5%	42.6%	6.3%	-2.6%	5.3K	-49.3K	-1.6K	0.33	76.30	N/A	N/A	30	10	1,026	391
2025-02-25	$10.07	$10.00	34.0%	9.7%	67.2%	11.7%	41.5%	14.6%	-2.3%	5.9K	-62.4K	-1.7K	0.00	98.37	N/A	N/A	214	1	1,055	394
2025-02-26	$10.14	$10.00	44.3%	12.7%	67.4%	20.9%	0.0%	7.8%	-3.3%	8.1K	-197.0K	-2.3K	0.00	77.25	N/A	N/A	42	0	1,263	395
2025-02-27	$10.14	$10.00	36.9%	10.6%	67.3%	14.2%	36.9%	17.3%	-2.2%	8.5K	-205.1K	-2.3K	0.03	93.27	N/A	N/A	32	1	1,303	395
2025-02-28	$10.26	$10.00	42.7%	12.2%	67.6%	19.5%	42.7%	115.4%	-1.4%	8.6K	-218.8K	-2.3K	0.00	83.48	N/A	N/A	0	6	1,302	395