HLN Options History — July 2023

In July 2023, HLN traded between $7.99 and $8.93. ATM implied volatility averaged 32.3%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 11.4% (HV 20d: 20.9%). Max pain ranged from $2.50 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 1.70.

Notable Days

2023-07-17: Highest Volume — 209 contracts
2023-07-07: Largest IV spike — 230.2% change
2023-07-03: Highest IV Rank — 40.7%
2023-07-03: Largest Expected Move — 16.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.46	$7.99	$8.93	$8.21	$8.79
Max Pain	$9.50	$2.50	$10.00	$7.50	$10.00
ATM IV	32.3%	16.3%	58.7%	58.7%	39.9%
Expected Move	9.3%	5.1%	16.8%	16.8%	11.4%
HV 20d	20.9%	17.7%	25.8%	17.7%	25.8%
HV 60d	20.8%	19.7%	22.3%	21.4%	22.0%
IV Rank	15.8%	0.7%	40.7%	40.7%	22.9%
IV Percentile	39.7%	0.9%	90.8%	90.8%	73.3%
Term Structure	-7.8%	-63.6%	31.8%	-63.6%	-9.0%
VWIV	35.4%	22.2%	72.2%	72.2%	27.8%
Skew 25d	8.1%	-24.7%	23.7%	-24.7%	6.2%
Skew 10d	31.0%	-3.9%	126.2%	69.9%	6.6%
Call IV 25d	25.8%	18.1%	48.1%	48.1%	29.4%
Put IV 25d	33.9%	20.8%	42.9%	23.4%	35.5%
Bid-Ask Spread %	84.59	56.66	113.01	112.58	88.84
Gamma HHI	0.87	0.61	1.00	0.72	0.96
Net GEX	23.0K	10.8K	39.8K	19.2K	38.1K
Net DEX	386.6K	-106.8K	667.0K	499.1K	108.1K
Net VEX	-3.4K	-5.1K	-2.5K	-3.7K	-3.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.70	0.00	22.22	7.14	0.00
Total Volume	48.6	0	209	57	2
Total OI	7,101.3	6,991	7,264	6,991	7,117

Daily Data (20 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 Vol	Put Vol	Call OI	Put OI
2023-07-03	$8.21	$7.50	58.7%	16.8%	17.7%	40.7%	0.0%	-24.7%	-63.6%	19.2K	499.1K	-3.7K	7.14	112.58	7	50	4,672	2,319
2023-07-05	$8.21	$2.50	46.5%	13.3%	17.7%	29.1%	72.2%	-6.5%	-40.9%	22.0K	469.9K	-4.4K	0.04	113.01	55	2	4,675	2,369
2023-07-06	$8.00	$10.00	16.3%	5.2%	19.9%	0.7%	22.2%	1.2%	1.8%	12.3K	653.9K	-3.0K	0.03	102.90	61	2	4,685	2,371
2023-07-07	$7.99	$10.00	53.6%	12.3%	19.6%	35.9%	27.6%	-3.0%	-32.9%	14.7K	659.5K	-3.5K	0.17	105.59	41	7	4,683	2,373
2023-07-10	$8.11	$10.00	24.7%	8.8%	19.7%	8.7%	0.0%	10.4%	-5.7%	16.0K	612.2K	-3.5K	0.00	78.86	0	0	4,664	2,380
2023-07-11	$8.07	$10.00	24.2%	8.4%	19.2%	8.2%	0.0%	6.0%	-2.2%	14.5K	667.0K	-3.4K	0.00	77.05	0	0	4,664	2,380
2023-07-12	$8.21	$10.00	17.9%	5.1%	20.2%	2.2%	0.0%	4.8%	8.3%	10.8K	534.6K	-2.6K	0.00	58.09	3	0	4,664	2,380
2023-07-13	$8.29	$10.00	29.0%	8.3%	20.5%	12.7%	0.0%	-5.3%	-14.7%	16.0K	524.3K	-3.0K	0.00	89.99	18	0	4,666	2,380
2023-07-14	$8.39	$10.00	27.8%	8.0%	20.6%	11.6%	0.0%	15.7%	8.3%	23.9K	381.3K	-4.4K	0.00	56.66	50	0	4,653	2,380
2023-07-17	$8.38	$10.00	32.9%	9.4%	19.9%	16.4%	0.0%	14.1%	-16.3%	16.7K	471.9K	-3.0K	22.22	102.28	9	200	4,649	2,380
2023-07-18	$8.43	$10.00	25.9%	7.4%	19.6%	9.8%	25.3%	20.3%	0.6%	15.1K	472.9K	-2.8K	0.67	71.32	30	20	4,653	2,580
2023-07-19	$8.66	$10.00	30.3%	8.7%	20.4%	14.0%	30.6%	19.8%	-9.1%	29.3K	222.7K	-3.8K	0.00	89.88	57	0	4,645	2,600
2023-07-20	$8.75	$10.00	25.9%	7.4%	20.0%	9.8%	38.5%	14.4%	0.9%	28.7K	225.7K	-3.8K	0.17	75.79	30	5	4,648	2,600
2023-07-21	$8.91	$10.00	46.3%	13.3%	20.7%	29.0%	41.5%	23.7%	-2.3%	39.8K	-106.8K	-5.1K	0.02	82.66	147	3	4,667	2,597
2023-07-24	$8.68	$10.00	34.9%	10.0%	23.1%	18.3%	0.0%	7.0%	31.8%	27.1K	295.3K	-3.3K	0.00	71.53	43	0	4,674	2,400
2023-07-25	$8.75	$10.00	28.7%	8.2%	22.4%	12.4%	0.0%	7.4%	2.1%	25.5K	299.7K	-3.1K	0.00	72.76	21	0	4,714	2,400
2023-07-26	$8.84	$10.00	29.8%	8.5%	22.4%	13.5%	32.9%	17.2%	-3.6%	31.1K	215.6K	-3.3K	0.10	73.48	30	3	4,714	2,400
2023-07-27	$8.68	$10.00	27.1%	7.8%	23.5%	11.0%	0.0%	20.2%	-2.4%	20.4K	363.9K	-2.5K	0.00	93.02	10	0	4,722	2,397
2023-07-28	$8.93	$10.00	25.8%	7.4%	25.2%	9.7%	27.8%	13.0%	-7.0%	38.7K	161.7K	-2.9K	0.00	75.42	66	0	4,714	2,397
2023-07-31	$8.79	$10.00	39.9%	11.4%	25.8%	22.9%	0.0%	6.2%	-9.0%	38.1K	108.1K	-3.4K	0.00	88.84	2	0	4,720	2,397