HLIT Options History — September 2025

In September 2025, HLIT traded between $9.55 and $10.46. ATM implied volatility averaged 35.7%, placing in the 8.8% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 5.5% (HV 20d: 30.2%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.26.

Notable Days

  • 2025-09-26: Highest Volume — 700 contracts
  • 2025-09-25: Largest IV spike — 29.3% change
  • 2025-09-02: Highest IV Rank — 10.4%
  • 2025-09-09: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.01$9.55$10.46$9.55$10.13
Max Pain$7.74$7.50$10.00$10.00$7.50
ATM IV35.7%27.6%38.3%38.3%36.8%
Expected Move10.3%7.7%11.2%11.0%10.5%
HV 20d30.2%26.0%35.1%35.1%26.5%
HV 60d39.2%38.4%40.3%40.1%38.6%
IV Rank8.8%4.0%10.4%10.4%9.5%
IV Percentile37.2%8.7%48.4%48.4%41.3%
Term Structure13.2%-3.5%37.2%-1.5%23.9%
VWIV37.6%29.9%57.3%34.2%36.8%
Skew 25d37.7%-5.9%269.7%240.6%18.2%
Skew 10d56.7%-6.6%340.1%287.6%42.1%
Call IV 25d44.6%26.3%65.1%52.1%50.4%
Put IV 25d82.4%36.0%324.2%292.7%68.6%
Bid-Ask Spread %94.8287.75104.9896.1088.02
Gamma HHI0.720.670.760.740.69
Net GEX62.9K44.8K85.2K44.8K85.2K
Net DEX-1.9M-2.4M-1.3M-1.3M-2.4M
Net VEX-6.3K-8.2K-4.9K-4.9K-8.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.002.500.320.33
Total Volume128.66707000200
Total OI4,177.0483,6445,0573,6445,057

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$9.55$10.0038.3%11.0%35.1%10.4%0.0%240.6%-1.5%44.8K-1.3M-4.9K0.0096.10N/AN/A003,189455
2025-09-03$9.73$10.0034.1%9.8%35.1%7.9%34.2%269.7%1.8%48.6K-1.4M-5.0K0.3296.23N/AN/A3381073,189455
2025-09-04$9.91$7.5033.9%7.7%34.9%7.7%32.7%1.9%15.4%57.5K-1.7M-5.5K0.00104.98N/AN/A13303,437407
2025-09-05$10.00$7.5032.0%10.9%34.9%6.6%37.9%20.7%12.9%56.4K-1.8M-5.9K0.0694.41N/AN/A13083,565407
2025-09-08$10.00$7.5036.1%11.0%34.8%9.1%0.0%6.7%10.1%57.2K-1.8M-6.0K0.0196.93N/AN/A10713,607408
2025-09-09$9.93$7.5037.4%11.2%33.4%9.8%39.0%7.3%9.0%57.7K-1.8M-6.1K0.0096.45N/AN/A5403,659409
2025-09-10$9.84$7.5036.4%10.4%30.3%9.3%0.0%8.3%10.4%60.5K-1.7M-6.2K0.0097.58N/AN/A5003,709409
2025-09-11$10.11$7.5038.2%11.0%31.3%10.3%30.2%22.8%8.4%63.5K-2.0M-6.3K0.0187.75N/AN/A7313,759409
2025-09-12$9.91$7.5037.6%10.8%29.5%10.0%37.6%8.1%11.6%62.1K-1.8M-6.2K0.0096.47N/AN/A28313,708409
2025-09-15$9.95$7.5036.0%10.3%29.5%9.0%36.0%-5.9%12.5%67.9K-1.8M-6.4K0.0294.48N/AN/A6413,782410
2025-09-16$9.98$7.5036.6%10.5%29.5%9.4%36.6%7.7%12.6%68.6K-1.8M-6.4K0.0195.10N/AN/A11313,791409
2025-09-17$10.04$7.5036.8%10.5%29.4%9.5%36.8%5.7%12.1%75.1K-1.9M-6.6K0.5098.91N/AN/A213,890410
2025-09-18$10.46$7.5036.6%10.5%28.3%9.4%36.6%-5.5%-2.3%60.7K-2.3M-6.6K0.0293.56N/AN/A9623,889409
2025-09-19$10.29$7.5037.1%10.7%29.7%9.7%37.2%25.9%19.6%58.2K-2.2M-6.5K0.0989.27N/AN/A1113,842409
2025-09-22$10.27$7.5035.9%10.3%26.3%9.0%0.0%15.8%20.5%60.0K-2.1M-6.6K0.0088.79N/AN/A1103,780399
2025-09-23$10.19$7.5037.3%10.7%26.0%9.8%37.3%22.5%20.1%60.4K-2.1M-6.6K1.2489.74N/AN/A25313,780399
2025-09-24$9.89$7.5027.6%7.9%28.4%4.0%29.9%41.0%37.2%66.5K-1.8M-6.4K2.50100.17N/AN/A4103,795387
2025-09-25$9.89$7.5035.7%10.2%28.2%8.8%46.4%27.5%21.1%63.9K-1.7M-6.4K0.0093.82N/AN/A2003,795397
2025-09-26$10.09$7.5036.2%10.4%27.2%9.1%36.2%23.2%-3.5%65.1K-1.9M-6.5K0.0093.59N/AN/A70003,802397
2025-09-29$10.05$7.5032.7%9.4%26.5%7.0%57.3%30.5%24.7%80.7K-2.2M-7.8K0.0098.85N/AN/A12304,502397
2025-09-30$10.13$7.5036.8%10.5%26.5%9.5%36.8%18.2%23.9%85.2K-2.4M-8.2K0.3388.02N/AN/A150504,660397