HLN Options History — May 2023

In May 2023, HLN traded between $8.05 and $8.89. ATM implied volatility averaged 34.2%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 12.2% (HV 20d: 22.1%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.53.

Notable Days

  • 2023-05-16: Highest Volume — 220 contracts
  • 2023-05-26: Largest IV spike — 169.5% change
  • 2023-05-08: Highest IV Rank — 46.3%
  • 2023-05-02: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.59$8.05$8.89$8.82$8.05
Max Pain$8.18$7.50$10.00$7.50$7.50
ATM IV34.2%19.0%65.0%50.1%27.2%
Expected Move9.2%5.4%15.0%14.4%7.8%
HV 20d22.1%19.7%25.9%25.8%22.0%
HV 60d24.8%23.9%25.8%24.3%23.9%
IV Rank17.2%2.8%46.3%32.2%10.6%
IV Percentile44.2%2.1%93.3%83.9%24.1%
Term Structure0.3%-31.4%54.6%-8.8%-4.6%
VWIV34.8%24.4%46.7%37.3%39.2%
Skew 25d-1.6%-90.6%29.2%24.7%-8.8%
Skew 10d-2.9%-121.2%72.7%21.1%-12.2%
Call IV 25d32.0%18.8%124.0%25.5%35.1%
Put IV 25d30.4%21.8%53.2%50.2%26.4%
Bid-Ask Spread %97.3171.66123.21114.6375.43
Gamma HHI0.750.660.870.780.66
Net GEX37.2K22.7K63.5K54.8K22.7K
Net DEX-613.1K-1.5M1.9M-1.3M437.1K
Net VEX-7.7K-10.0K-5.5K-9.7K-5.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.003.700.201.00
Total Volume94.773922012024
Total OI8,875.8186,57119,4418,9536,706

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$8.82$7.5050.1%14.4%25.8%32.2%37.3%24.7%-8.8%54.8K-1.3M-9.7K0.20114.63100206,4242,529
2023-05-02$8.88$7.5052.2%15.0%25.9%34.2%31.5%29.2%8.9%63.5K-1.5M-9.7K0.00118.135006,4112,549
2023-05-03$8.68$7.5038.6%11.1%24.6%21.3%0.0%10.2%-3.4%39.3K-1.0M-7.9K0.0084.624706,4222,549
2023-05-04$8.66$10.0037.5%10.3%23.9%20.3%0.0%-7.2%-31.4%35.7K-1.4M-10.0K3.70121.78271006,4122,549
2023-05-05$8.79$10.0032.3%9.7%20.0%15.4%0.0%7.0%2.1%40.8K-1.1M-7.5K0.08122.195956,4182,449
2023-05-08$8.89$10.0065.0%9.3%19.7%46.3%0.0%12.0%5.7%58.9K-1.1M-8.0K0.0396.5515356,4242,454
2023-05-09$8.68$10.0041.2%8.0%21.4%23.8%0.0%-23.7%-10.5%33.5K-965.6K-7.7K0.11115.45916,5142,459
2023-05-10$8.77$10.0034.9%10.0%21.4%17.9%0.0%2.6%7.6%38.7K-1.0M-7.9K0.06107.8210166,5082,460
2023-05-11$8.75$10.0038.7%11.1%21.2%21.4%32.3%7.7%-13.4%42.2K-1.1M-8.4K1.94123.2151996,5582,464
2023-05-12$8.73$7.5037.3%10.7%21.1%20.1%0.0%5.9%-26.1%36.4K-1.2M-8.5K0.0089.072906,5822,526
2023-05-15$8.86$7.5022.9%6.6%21.0%6.5%0.0%3.9%4.5%41.0K-1.2M-8.0K0.0098.6012406,5892,526
2023-05-16$8.73$7.5025.8%7.4%21.5%9.2%0.0%5.8%5.6%36.7K-1.2M-8.2K0.0084.3022006,6682,526
2023-05-17$8.64$7.5028.8%8.2%21.8%12.0%31.9%3.1%3.9%33.5K-1.0M-8.2K0.4890.09148716,6672,526
2023-05-18$8.46$7.5024.0%6.9%20.5%7.5%0.0%1.6%-6.8%30.8K-730.6K-6.7K0.4883.9521106,7172,597
2023-05-19$8.64$7.5025.5%7.3%22.1%8.9%24.4%5.3%-6.9%34.4K-938.7K-7.7K0.0186.6918216,7202,607
2023-05-22$8.55$7.5022.6%6.5%22.3%6.2%0.0%8.1%54.6%34.4K31.9K-7.3K0.3288.8087284,4952,076
2023-05-23$8.43$7.5022.5%6.4%22.0%6.1%0.0%-1.8%45.3%32.6K63.6K-7.1K2.0086.2313264,5582,104
2023-05-24$8.32$7.5029.8%8.5%21.5%13.0%0.0%-8.5%1.6%29.5K1.9M-7.3K0.5378.44764015,2264,215
2023-05-25$8.20$7.5019.0%5.4%21.4%2.8%46.7%-90.6%6.8%26.8K330.5K-6.3K0.5985.1468404,5562,160
2023-05-26$8.25$7.5051.2%14.7%21.7%33.3%0.0%-14.9%-26.9%27.7K197.2K-7.0K0.00118.11904,4992,185
2023-05-30$8.09$7.5025.4%7.3%22.4%8.9%0.0%-6.6%-1.1%23.9K424.7K-5.5K0.2171.662964,4992,185
2023-05-31$8.05$7.5027.2%7.8%22.0%10.6%39.2%-8.8%-4.6%22.7K437.1K-5.5K1.0075.4312124,5152,191