HLN Options History — March 2023

In March 2023, HLN traded between $7.59 and $8.36. ATM implied volatility averaged 26.0%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 0.4% (HV 20d: 25.6%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 0.63.

Notable Days

  • 2023-03-02: Highest Volume — 1,225 contracts
  • 2023-03-07: Largest IV spike — 56.2% change
  • 2023-03-13: Highest IV Rank — 20.1%
  • 2023-03-02: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.94$7.59$8.36$7.95$8.13
Max Pain$7.39$5.00$7.50$5.00$7.50
ATM IV26.0%17.0%37.3%33.4%19.4%
Expected Move7.4%4.9%10.4%9.6%5.6%
HV 20d25.6%17.9%29.3%17.9%22.6%
HV 60d24.3%22.3%29.9%28.0%23.9%
IV Rank9.4%0.9%20.1%16.4%3.2%
IV Percentile21.0%1.4%64.3%45.5%3.2%
Term Structure4.1%-10.6%16.6%-2.4%7.6%
VWIV27.2%17.1%36.3%34.2%18.5%
Skew 25d10.9%-73.2%137.7%4.3%-64.4%
Skew 10d70.6%-105.3%266.4%157.1%-105.0%
Call IV 25d45.7%23.1%115.1%37.0%115.1%
Put IV 25d56.6%20.5%179.5%41.3%50.6%
Bid-Ask Spread %86.7061.21106.2679.24105.42
Gamma HHI0.560.500.790.510.51
Net GEX31.1K2.4K46.5K42.3K39.5K
Net DEX-1.1M-1.5M-521.7K-1.3M-1.2M
Net VEX-5.5K-6.0K-4.6K-5.6K-5.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.009.560.101.62
Total Volume136.21731,22523189
Total OI5,797.3045,1706,1655,4415,668

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$7.95$5.0033.4%9.6%17.9%16.4%34.2%4.3%-2.4%42.3K-1.3M-5.6K0.1079.24210214,483958
2023-03-02$7.59$7.5036.1%10.4%23.7%19.0%36.3%137.7%-10.6%37.8K-885.1K-5.7K9.5666.631161,1094,630965
2023-03-03$7.74$7.5029.6%8.5%24.9%12.8%30.5%46.6%-1.9%17.1K-858.7K-5.9K0.1871.212244,6781,470
2023-03-06$7.83$7.5019.4%7.7%24.0%3.2%0.0%-1.8%2.4%24.6K-1.1M-5.9K0.0083.62704,6961,466
2023-03-07$7.75$7.5030.4%6.9%24.1%13.5%24.1%47.5%4.3%17.8K-960.6K-6.0K0.2581.722874,6991,466
2023-03-08$7.78$7.5023.1%7.4%24.0%6.7%26.0%1.0%2.4%19.1K-992.9K-5.8K0.5075.83214,6911,465
2023-03-09$7.75$7.5022.1%7.2%24.0%5.8%25.2%40.1%3.3%18.0K-1.0M-5.8K0.0061.21604,6921,466
2023-03-10$7.67$7.5025.5%7.8%24.1%8.9%27.3%63.9%1.7%10.2K-797.3K-5.7K0.0185.4521324,6921,466
2023-03-13$7.61$7.5037.3%7.9%24.1%20.1%27.7%80.2%1.4%2.4K-521.7K-4.6K1.2994.12794,5391,468
2023-03-14$7.84$7.5031.3%7.5%25.6%14.4%0.0%23.7%3.2%27.1K-1.0M-5.3K0.0489.372414,5401,463
2023-03-15$7.83$7.5030.7%8.8%25.5%13.9%0.0%48.8%3.1%21.9K-964.1K-5.4K0.0994.801114,5401,464
2023-03-16$8.00$7.5035.8%10.3%26.8%18.7%36.0%19.4%-7.7%28.2K-1.1M-5.0K0.05103.0014974,4051,464
2023-03-17$7.88$7.5027.6%7.9%27.2%11.0%27.6%-5.3%3.8%35.2K-999.5K-5.3K0.1382.0278104,4371,465
2023-03-20$7.92$7.5028.9%8.3%25.6%12.1%0.0%2.1%3.2%34.8K-967.3K-5.3K0.0093.956704,1421,028
2023-03-21$8.16$7.5017.0%4.9%28.0%0.9%17.1%-42.4%16.6%39.9K-1.2M-5.2K0.2993.08138404,2001,028
2023-03-22$8.27$7.5020.6%5.9%28.2%4.3%20.6%9.8%12.0%44.8K-1.4M-5.6K0.26105.45190504,4191,060
2023-03-23$8.36$7.5022.7%6.5%28.2%6.3%23.2%3.8%10.9%46.5K-1.5M-6.0K0.1189.19107124,5081,110
2023-03-24$8.18$7.5027.1%7.8%28.9%10.5%34.4%-7.8%-3.4%43.6K-1.4M-5.9K0.0086.5512004,6111,120
2023-03-27$8.21$7.5020.0%5.7%28.8%3.7%18.5%-1.3%13.5%44.0K-1.4M-5.8K0.0083.615304,5661,121
2023-03-28$8.09$7.5019.4%5.5%29.3%3.1%0.0%-20.9%12.2%42.0K-1.3M-5.6K0.0373.6315544,6011,121
2023-03-29$8.09$7.5019.8%5.7%29.2%3.5%0.0%-73.2%8.4%38.5K-1.2M-5.3K0.0288.805014,4941,124
2023-03-30$8.09$7.5020.2%5.8%23.4%4.0%0.0%-61.5%10.6%39.1K-1.2M-5.5K0.00106.261204,5241,125
2023-03-31$8.13$7.5019.4%5.6%22.6%3.2%0.0%-64.4%7.6%39.5K-1.2M-5.2K1.62105.4234554,5431,125