HLN Options History — December 2023

In December 2023, HLN traded between $8.00 and $8.57. ATM implied volatility averaged 38.0%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 19.2% (HV 20d: 18.8%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 3.33.

Notable Days

2023-12-15: Highest Volume — 180 contracts
2023-12-12: Largest IV spike — 98.4% change
2023-12-07: Highest IV Rank — 63.3%
2023-12-01: Largest Expected Move — 24.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.22	$8.00	$8.57	$8.57	$8.23
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	38.0%	16.9%	89.3%	84.2%	23.6%
Expected Move	8.5%	4.6%	24.1%	24.1%	6.8%
HV 20d	18.8%	14.3%	20.8%	14.3%	18.2%
HV 60d	20.6%	20.1%	21.3%	20.6%	20.1%
IV Rank	19.3%	1.2%	63.3%	58.9%	7.0%
IV Percentile	44.3%	3.2%	98.4%	97.2%	21.8%
Term Structure	-5.4%	-59.6%	10.7%	-59.6%	4.1%
VWIV	34.3%	15.0%	116.1%	116.1%	23.8%
Skew 25d	-3.2%	-83.5%	48.0%	21.2%	-2.7%
Skew 10d	7.6%	-111.6%	92.0%	36.3%	-4.4%
Call IV 25d	33.9%	20.2%	114.5%	39.4%	27.8%
Put IV 25d	30.7%	16.8%	69.8%	60.6%	25.0%
Bid-Ask Spread %	92.92	70.60	133.65	129.49	70.60
Gamma HHI	0.56	0.50	0.68	0.68	0.64
Net GEX	12.4K	10.0K	17.9K	17.9K	10.0K
Net DEX	-509.1K	-641.6K	-438.7K	-641.6K	-510.8K
Net VEX	-1.9K	-2.1K	-1.7K	-2.0K	-1.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.33	0.00	23.33	0.00	0.00
Total Volume	30.45	0	180	25	2
Total OI	2,079.25	1,975	2,252	1,975	2,252

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
2023-12-01	$8.57	$7.50	84.2%	24.1%	14.3%	58.9%	116.1%	21.2%	-59.6%	17.9K	-641.6K	-2.0K	0.00	129.49	25	0	1,625	350
2023-12-04	$8.48	$0.00	54.2%	17.8%	14.6%	33.2%	0.0%	48.0%	-27.8%	16.7K	-613.0K	-1.9K	0.00	133.65	0	0	1,640	350
2023-12-05	$8.21	$0.00	63.8%	17.0%	19.2%	41.5%	0.0%	36.8%	-24.9%	13.4K	-526.0K	-2.1K	0.00	131.87	0	2	1,640	350
2023-12-06	$8.13	$0.00	59.7%	16.0%	19.5%	37.9%	0.0%	31.5%	-19.3%	12.2K	-477.1K	-1.8K	0.00	130.29	2	0	1,640	350
2023-12-07	$8.23	$0.00	89.3%	8.9%	19.9%	63.3%	45.0%	-6.1%	-16.6%	13.3K	-492.7K	-1.9K	0.40	108.20	5	2	1,642	350
2023-12-08	$8.21	$7.50	42.4%	4.8%	20.0%	23.1%	0.0%	-4.1%	8.9%	13.8K	-542.8K	-1.9K	0.00	86.73	15	0	1,647	352
2023-12-11	$8.21	$7.50	38.9%	5.0%	19.9%	20.1%	0.0%	-1.0%	8.7%	13.4K	-518.4K	-1.9K	23.33	86.52	3	70	1,662	352
2023-12-12	$8.27	$7.50	77.2%	4.6%	19.7%	52.9%	0.0%	-2.9%	7.0%	12.2K	-522.7K	-1.8K	0.00	87.22	0	5	1,662	420
2023-12-13	$8.23	$7.50	17.4%	5.0%	18.3%	1.6%	0.0%	-0.0%	4.2%	11.4K	-504.5K	-1.9K	0.38	89.02	13	5	1,662	426
2023-12-14	$8.16	$7.50	17.4%	5.0%	18.4%	1.7%	17.5%	-1.8%	8.1%	11.6K	-486.6K	-2.0K	0.00	83.61	4	0	1,665	431
2023-12-15	$8.00	$7.50	19.6%	5.6%	19.6%	3.5%	0.0%	-7.8%	0.2%	10.4K	-439.1K	-1.9K	8.00	86.94	20	160	1,666	431
2023-12-18	$8.14	$7.50	17.1%	4.9%	20.7%	1.4%	0.0%	-2.3%	9.5%	10.9K	-456.5K	-1.9K	0.06	87.29	35	2	1,650	423
2023-12-19	$8.16	$7.50	16.9%	4.8%	20.7%	1.2%	15.0%	-70.2%	10.7%	10.5K	-438.7K	-2.0K	0.00	86.83	37	0	1,664	424
2023-12-20	$8.11	$7.50	22.7%	6.5%	20.5%	6.2%	0.0%	-6.3%	-1.4%	11.6K	-481.1K	-1.9K	0.00	76.36	0	0	1,686	424
2023-12-21	$8.18	$7.50	19.1%	5.5%	20.8%	3.1%	18.6%	-1.3%	8.9%	11.9K	-495.7K	-2.0K	0.00	71.81	9	0	1,686	424
2023-12-22	$8.14	$7.50	18.4%	5.3%	17.9%	2.5%	17.5%	-2.7%	8.8%	11.5K	-487.8K	-1.9K	0.00	87.06	1	0	1,694	424
2023-12-26	$8.18	$7.50	18.8%	5.4%	17.9%	2.8%	21.1%	-83.5%	-2.9%	11.4K	-506.5K	-1.8K	1.05	75.55	42	44	1,694	424
2023-12-27	$8.27	$7.50	23.6%	6.8%	18.4%	7.0%	23.8%	-0.9%	-5.0%	12.3K	-527.1K	-1.7K	16.67	74.71	6	100	1,707	444
2023-12-28	$8.27	$7.50	35.9%	10.3%	18.2%	17.5%	0.0%	-7.8%	-28.8%	10.9K	-514.2K	-1.8K	0.00	74.68	0	0	1,710	542
2023-12-29	$8.23	$7.50	23.6%	6.8%	18.2%	7.0%	0.0%	-2.7%	4.1%	10.0K	-510.8K	-1.8K	0.00	70.60	2	0	1,710	542