HLIT Options History — November 2025

In November 2025, HLIT traded between $8.82 and $10.63. ATM implied volatility averaged 58.9%, placing in the 22.8% IV rank vs the trailing year. The 30-day expected move averaged 18.2%. IV traded above realized volatility by 25.2% (HV 20d: 33.7%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.19.

Notable Days

2025-11-03: Highest Volume — 400 contracts
2025-11-04: Largest IV drop — 57.4% change
2025-11-03: Highest IV Rank — 51.0%
2025-11-03: Largest Expected Move — 30.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$9.73	$8.82	$10.63	$10.63	$9.52
Max Pain	$10.13	$10.00	$12.50	$10.00	$10.00
ATM IV	58.9%	32.8%	105.8%	105.8%	33.5%
Expected Move	18.2%	9.4%	30.3%	30.3%	9.6%
HV 20d	33.7%	24.8%	43.1%	31.3%	40.4%
HV 60d	32.8%	31.1%	34.9%	32.8%	34.8%
IV Rank	22.8%	7.1%	51.0%	51.0%	7.5%
IV Percentile	67.4%	22.2%	97.6%	97.6%	23.8%
Term Structure	4.8%	-49.7%	55.8%	17.6%	8.5%
VWIV	63.3%	29.9%	175.4%	104.1%	34.3%
Skew 25d	32.4%	-27.9%	195.8%	12.3%	195.8%
Skew 10d	56.6%	-2.8%	235.8%	38.7%	225.8%
Call IV 25d	71.8%	37.5%	100.7%	98.1%	37.5%
Put IV 25d	104.2%	52.9%	233.3%	110.4%	233.3%
Bid-Ask Spread %	125.83	93.89	141.33	93.89	115.17
Gamma HHI	0.44	0.41	0.51	0.43	0.49
Net GEX	48.1K	38.0K	61.6K	48.9K	51.1K
Net DEX	-1.7M	-2.8M	-949.4K	-2.8M	-1.4M
Net VEX	-8.2K	-10.9K	-6.1K	-10.9K	-7.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.19	0.00	0.85	0.83	0.00
Total Volume	62.421	1	400	400	4
Total OI	5,866.105	5,080	6,276	5,675	5,191

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
2025-11-03	$10.63	$10.00	105.8%	30.3%	31.3%	51.0%	104.1%	12.3%	17.6%	48.9K	-2.8M	-10.9K	0.83	93.89	N/A	N/A	218	182	5,218	457
2025-11-04	$10.48	$10.00	45.0%	12.9%	31.6%	14.4%	44.6%	33.4%	55.8%	61.6K	-2.2M	-9.4K	0.19	111.19	N/A	N/A	233	45	5,430	503
2025-11-05	$10.46	$10.00	55.0%	15.8%	31.6%	20.4%	57.2%	85.3%	-7.5%	54.0K	-2.2M	-9.7K	0.04	101.43	N/A	N/A	24	1	5,495	521
2025-11-06	$10.18	$12.50	49.5%	23.7%	32.8%	17.1%	78.8%	9.8%	-16.8%	48.1K	-2.1M	-10.0K	0.09	137.02	N/A	N/A	11	1	5,505	521
2025-11-07	$10.04	$10.00	43.9%	20.1%	26.4%	13.8%	46.7%	31.2%	16.9%	46.9K	-1.9M	-9.2K	0.04	132.61	N/A	N/A	24	1	5,512	520
2025-11-10	$10.11	$10.00	48.5%	16.2%	26.3%	16.5%	0.0%	1.7%	15.2%	47.1K	-1.9M	-9.1K	0.00	141.33	N/A	N/A	0	4	5,534	519
2025-11-11	$10.23	$10.00	41.8%	17.8%	25.1%	12.5%	175.4%	-16.5%	-49.7%	57.8K	-2.0M	-8.4K	0.40	135.62	N/A	N/A	5	2	5,534	518
2025-11-12	$10.29	$10.00	58.5%	16.8%	24.8%	22.5%	0.0%	-6.4%	-35.9%	58.0K	-2.0M	-8.3K	0.00	138.34	N/A	N/A	0	1	5,535	517
2025-11-13	$9.62	$10.00	70.3%	20.1%	34.4%	29.6%	0.0%	-19.3%	-25.3%	48.2K	-1.7M	-8.5K	0.00	130.86	N/A	N/A	13	0	5,535	518
2025-11-14	$9.59	$10.00	81.2%	23.3%	34.4%	36.2%	0.0%	10.5%	-10.1%	44.3K	-1.6M	-8.4K	0.00	133.86	N/A	N/A	0	1	5,535	518
2025-11-17	$9.32	$10.00	65.1%	18.7%	34.6%	26.6%	0.0%	19.5%	2.6%	44.4K	-1.2M	-7.2K	0.01	136.81	N/A	N/A	212	3	5,538	519
2025-11-18	$9.30	$10.00	84.7%	24.3%	34.6%	38.3%	0.0%	-21.2%	-7.6%	44.0K	-1.3M	-7.7K	0.20	137.47	N/A	N/A	10	2	5,746	519
2025-11-19	$9.27	$10.00	85.0%	24.4%	34.6%	38.5%	0.0%	-27.9%	-20.5%	44.3K	-1.4M	-7.7K	0.10	137.16	N/A	N/A	10	1	5,756	520
2025-11-20	$8.82	$10.00	47.1%	13.5%	36.8%	15.7%	0.0%	51.1%	43.7%	38.0K	-1.2M	-7.3K	0.13	129.88	N/A	N/A	8	1	5,762	427
2025-11-21	$8.91	$10.00	69.4%	19.9%	37.3%	29.1%	49.1%	25.8%	25.9%	39.0K	-949.4K	-6.3K	0.85	133.20	N/A	N/A	26	22	5,769	428
2025-11-24	$9.02	$10.00	58.9%	16.9%	37.9%	22.8%	29.9%	35.9%	52.2%	40.2K	-1.3M	-7.2K	0.07	128.31	N/A	N/A	15	1	4,798	282
2025-11-25	$9.48	$10.00	43.0%	12.3%	42.9%	13.2%	43.0%	18.6%	4.3%	46.9K	-1.2M	-6.1K	0.03	112.89	N/A	N/A	68	2	4,813	283
2025-11-26	$9.64	$10.00	32.8%	9.4%	43.1%	7.1%	33.5%	175.9%	22.5%	50.8K	-1.4M	-6.8K	0.00	103.78	N/A	N/A	35	0	4,875	285
2025-11-28	$9.52	$10.00	33.5%	9.6%	40.4%	7.5%	34.3%	195.8%	8.5%	51.1K	-1.4M	-7.1K	0.00	115.17	N/A	N/A	4	0	4,906	285