HLN Options History — January 2025

In January 2025, HLN traded between $9.04 and $9.59. ATM implied volatility averaged 27.7%, placing in the 20.2% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 10.9% (HV 20d: 16.8%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.75.

Notable Days

2025-01-14: Highest Volume — 344 contracts
2025-01-13: Largest IV spike — 90.0% change
2025-01-14: Highest IV Rank — 100.0%
2025-01-22: Largest Expected Move — 7.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$9.35	$9.04	$9.59	$9.47	$9.46
Max Pain	$7.75	$7.50	$10.00	$10.00	$7.50
ATM IV	27.7%	11.7%	108.2%	24.5%	11.7%
Expected Move	5.2%	2.8%	7.8%	7.0%	3.3%
HV 20d	16.8%	12.1%	19.7%	12.3%	19.2%
HV 60d	14.4%	12.4%	15.6%	12.7%	15.5%
IV Rank	20.2%	0.7%	100.0%	19.4%	0.7%
IV Percentile	43.5%	0.4%	100.0%	58.3%	0.4%
Term Structure	6.0%	-2.0%	68.2%	-1.4%	-2.0%
VWIV	50.5%	10.7%	222.7%	222.7%	62.0%
Skew 25d	96.4%	14.2%	190.0%	39.2%	153.5%
Skew 10d	137.9%	-0.1%	265.7%	-0.1%	265.7%
Call IV 25d	46.4%	14.8%	105.2%	18.9%	99.0%
Put IV 25d	142.9%	30.8%	252.5%	58.1%	252.5%
Bid-Ask Spread %	76.34	40.02	85.47	74.39	72.32
Gamma HHI	0.98	0.86	1.00	0.86	0.99
Net GEX	123.3K	39.5K	198.5K	91.2K	105.1K
Net DEX	-851.3K	-1.7M	-227.1K	-1.7M	-585.5K
Net VEX	-4.2K	-7.4K	-2.1K	-7.4K	-2.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.00	7.00	0.00	0.00
Total Volume	55.75	0	344	6	2
Total OI	6,194.95	5,877	6,593	6,318	5,944

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
2025-01-02	$9.47	$10.00	24.5%	7.0%	12.3%	19.4%	222.7%	39.2%	-1.4%	91.2K	-1.7M	-7.4K	0.00	74.39	6	0	5,459	859
2025-01-03	$9.47	$10.00	21.8%	6.2%	12.3%	15.4%	0.0%	97.2%	2.2%	174.5K	-1.0M	-5.6K	7.00	40.02	33	231	5,459	859
2025-01-06	$9.46	$7.50	26.4%	2.8%	12.2%	22.0%	10.7%	28.9%	9.1%	89.5K	-1.7M	-7.2K	0.00	82.30	11	0	5,474	890
2025-01-07	$9.46	$7.50	23.3%	5.0%	12.1%	17.6%	0.0%	31.6%	1.3%	163.9K	-1.0M	-5.6K	0.00	85.47	2	0	5,486	890
2025-01-08	$9.50	$7.50	36.3%	5.3%	12.3%	36.2%	19.6%	32.1%	1.3%	172.4K	-1.1M	-5.8K	0.00	82.97	17	0	5,488	890
2025-01-10	$9.13	$7.50	31.9%	4.2%	18.5%	29.9%	14.4%	82.4%	5.6%	70.5K	-335.3K	-2.9K	0.08	84.42	93	7	5,495	890
2025-01-13	$9.09	$7.50	60.5%	3.5%	17.9%	70.8%	11.6%	80.7%	5.9%	39.5K	-227.1K	-2.1K	6.18	84.79	17	105	5,516	880
2025-01-14	$9.04	$7.50	108.2%	6.2%	17.9%	100.0%	44.2%	28.3%	7.5%	89.4K	-730.4K	-4.1K	0.56	73.50	220	124	5,512	871
2025-01-15	$9.13	$7.50	15.2%	4.4%	18.3%	4.4%	17.7%	124.5%	6.9%	69.0K	-427.0K	-2.7K	0.53	84.22	59	31	5,600	993
2025-01-16	$9.21	$7.50	15.3%	4.4%	18.8%	4.4%	37.3%	135.5%	68.2%	84.6K	-483.4K	-2.9K	0.00	71.75	10	0	5,560	1,003
2025-01-17	$9.23	$7.50	25.3%	7.2%	17.6%	14.7%	0.0%	20.3%	10.4%	111.6K	-784.6K	-4.1K	0.00	77.32	16	0	5,555	1,003
2025-01-21	$9.23	$7.50	25.6%	7.3%	16.7%	15.0%	0.0%	21.0%	4.9%	110.9K	-747.0K	-3.9K	0.00	74.49	32	0	5,455	422
2025-01-22	$9.25	$7.50	27.4%	7.8%	16.7%	16.9%	0.0%	14.2%	0.9%	115.2K	-815.9K	-4.0K	0.00	79.11	21	0	5,480	422
2025-01-23	$9.39	$7.50	13.8%	3.9%	17.8%	2.9%	65.3%	149.5%	-1.1%	117.2K	-632.5K	-3.4K	0.00	75.48	30	0	5,490	422
2025-01-24	$9.39	$7.50	15.4%	4.4%	17.8%	4.6%	62.0%	156.2%	-1.2%	127.3K	-675.6K	-3.5K	0.00	74.31	3	0	5,491	422
2025-01-27	$9.59	$7.50	18.5%	5.3%	19.5%	7.7%	0.0%	187.0%	-1.0%	198.5K	-1.1M	-4.5K	0.00	81.31	22	0	5,492	422
2025-01-28	$9.50	$7.50	18.0%	5.2%	19.7%	7.2%	0.0%	181.6%	-1.4%	170.2K	-927.1K	-4.0K	0.00	77.94	15	0	5,501	422
2025-01-29	$9.54	$7.50	16.0%	4.6%	19.5%	5.1%	0.0%	174.8%	-1.4%	182.8K	-909.6K	-3.9K	0.00	73.54	0	0	5,519	422
2025-01-30	$9.54	$7.50	19.1%	5.5%	19.1%	8.4%	0.0%	190.0%	5.4%	183.2K	-1.0M	-4.1K	0.00	77.22	8	0	5,519	422
2025-01-31	$9.46	$7.50	11.7%	3.3%	19.2%	0.7%	0.0%	153.5%	-2.0%	105.1K	-585.5K	-2.8K	0.00	72.32	2	0	5,522	422