HLN Options History — January 2023

In January 2023, HLN traded between $7.58 and $8.14. ATM implied volatility averaged 31.4%. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 4.9% (HV 20d: 26.5%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.17.

Notable Days

  • 2023-01-12: Highest Volume — 1,177 contracts
  • 2023-01-11: Largest IV spike — 40.8% change
  • 2023-01-31: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.89$7.58$8.14$7.92$8.09
Max Pain$6.75$5.00$7.50$7.50$7.50
ATM IV31.4%24.5%39.3%28.6%39.3%
Expected Move9.3%7.1%11.3%8.2%11.3%
HV 20d26.5%22.0%38.4%37.9%25.3%
HV 60d28.6%27.4%29.3%28.1%28.8%
Term Structure1.3%-4.8%4.9%1.5%-4.8%
VWIV32.6%19.8%38.5%37.5%38.5%
Skew 25d3.7%-16.2%27.6%-16.2%6.2%
Skew 10d43.3%10.1%136.6%59.0%51.8%
Call IV 25d31.5%27.2%38.4%37.6%36.3%
Put IV 25d35.2%19.3%58.1%21.4%42.6%
Bid-Ask Spread %39.388.2867.858.288.73
Gamma HHI0.710.580.850.760.60
Net GEX85.6K76.7K96.1K82.0K79.5K
Net DEX-2.5M-3.1M-2.1M-2.7M-2.8M
Net VEX-7.3K-7.8K-6.7K-7.5K-7.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.000.680.000.00
Total Volume284.25491,177107158
Total OI8,4077,5829,1037,6688,948

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$7.92$7.5028.6%8.2%37.9%0.0%37.5%-16.2%1.5%82.0K-2.7M-7.5K0.008.2810706,2011,467
2023-01-04$7.81$7.5034.5%9.9%38.4%0.0%34.2%4.0%2.8%86.6K-2.5M-7.4K0.6834.9768466,2111,467
2023-01-05$7.58$5.0030.3%9.9%31.9%0.0%34.7%7.1%1.0%96.1K-2.1M-7.3K0.3640.3856206,2321,488
2023-01-06$7.79$5.0024.5%9.1%28.8%0.0%31.8%21.6%4.2%94.3K-2.5M-7.2K0.0048.1083116,2391,502
2023-01-09$7.84$5.0032.9%10.0%22.0%0.0%34.7%8.3%2.7%82.5K-2.4M-7.2K0.0839.2610896,0791,503
2023-01-10$7.74$5.0025.1%9.9%22.5%0.0%34.7%27.6%2.5%92.6K-2.3M-7.2K0.0445.014726,1251,516
2023-01-11$7.69$5.0035.4%10.1%22.4%0.0%35.4%7.8%0.7%92.0K-2.2M-7.1K0.0142.7219116,1191,518
2023-01-12$7.84$5.0033.4%9.6%23.4%0.0%33.4%7.0%1.3%85.7K-2.5M-6.8K0.1646.901,0161616,2211,519
2023-01-13$7.99$7.5034.4%9.9%24.3%0.0%34.4%7.4%3.1%84.7K-2.8M-7.8K0.5947.343442037,1001,635
2023-01-17$8.14$7.5033.4%9.6%24.4%0.0%33.4%6.7%-0.1%76.7K-3.1M-7.5K0.2452.54299737,2051,790
2023-01-18$7.92$7.5030.3%8.7%25.2%0.0%29.9%2.3%4.1%89.1K-2.7M-7.6K0.1247.79136167,2351,817
2023-01-19$7.88$7.5024.9%7.1%25.2%0.0%19.8%-10.4%2.2%92.1K-2.6M-7.5K0.1061.09192207,2411,823
2023-01-20$8.00$7.5030.2%8.7%25.6%0.0%30.2%3.6%4.9%82.0K-2.9M-7.2K0.1367.85345447,2801,823
2023-01-23$7.88$7.5030.8%8.8%26.0%0.0%30.8%-0.4%-0.3%82.8K-2.3M-6.7K0.1334.60343456,8141,705
2023-01-24$7.86$7.5030.7%8.8%25.7%0.0%30.8%-0.9%1.0%85.8K-2.3M-7.1K0.1944.67187356,9521,739
2023-01-25$7.91$7.5032.1%9.2%25.2%0.0%32.1%-0.2%0.6%86.4K-2.4M-7.2K0.2723.79150407,0881,772
2023-01-26$7.96$7.5026.1%7.5%25.2%0.0%26.4%-13.5%0.3%81.3K-2.6M-7.2K0.2338.1544107,1411,772
2023-01-27$8.02$7.5033.9%9.7%25.4%0.0%33.5%3.1%0.2%80.0K-2.7M-7.5K0.0942.32223217,1551,772
2023-01-30$8.00$7.5036.6%10.5%25.0%0.0%36.3%3.5%-1.5%78.8K-2.6M-7.1K0.0713.198767,1431,783
2023-01-31$8.09$7.5039.3%11.3%25.3%0.0%38.5%6.2%-4.8%79.5K-2.8M-7.2K0.008.7315807,1611,787