HLN Options History — February 2025

In February 2025, HLN traded between $9.46 and $10.21. ATM implied volatility averaged 21.2%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 2.8% (HV 20d: 18.4%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.52.

Notable Days

2025-02-21: Highest Volume — 403 contracts
2025-02-12: Largest IV spike — 106.0% change
2025-02-26: Highest IV Rank — 19.0%
2025-02-26: Largest Expected Move — 8.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$9.85	$9.46	$10.21	$9.46	$10.18
Max Pain	$8.68	$7.50	$10.00	$7.50	$10.00
ATM IV	21.2%	9.9%	28.6%	12.4%	15.3%
Expected Move	5.9%	3.6%	8.2%	3.6%	4.4%
HV 20d	18.4%	14.2%	27.0%	18.8%	27.0%
HV 60d	16.1%	14.9%	20.1%	15.4%	20.1%
IV Rank	11.2%	0.0%	19.0%	1.5%	5.5%
IV Percentile	41.6%	0.0%	70.2%	1.2%	10.7%
Term Structure	0.7%	-6.6%	8.8%	-2.7%	1.5%
VWIV	24.9%	16.9%	57.3%	57.3%	18.2%
Skew 25d	107.9%	-28.2%	259.0%	259.0%	-7.2%
Skew 10d	150.2%	-20.1%	314.1%	314.1%	121.9%
Call IV 25d	37.4%	10.7%	81.0%	13.4%	81.0%
Put IV 25d	145.3%	45.9%	274.9%	272.4%	73.8%
Bid-Ask Spread %	92.01	58.05	114.99	73.30	82.57
Gamma HHI	0.98	0.87	1.00	0.99	0.95
Net GEX	353.4K	39.4K	1.1M	104.1K	49.1K
Net DEX	-1.3M	-3.3M	-572.6K	-572.6K	-812.7K
Net VEX	-3.3K	-4.2K	-2.6K	-2.8K	-2.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.00	9.50	0.00	0.03
Total Volume	71.368	3	403	6	60
Total OI	4,976.895	1,895	6,098	5,944	2,203

Daily Data (19 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
2025-02-03	$9.46	$7.50	12.4%	3.6%	18.8%	1.5%	0.0%	259.0%	-2.7%	104.1K	-572.6K	-2.8K	0.00	73.30	6	0	5,522	422
2025-02-04	$9.54	$7.50	23.3%	6.7%	19.1%	12.7%	57.3%	222.3%	-2.6%	179.4K	-1.1M	-4.0K	0.00	91.50	41	0	5,524	422
2025-02-05	$9.63	$7.50	23.3%	6.7%	19.3%	12.7%	0.0%	245.7%	6.3%	211.9K	-1.2M	-4.2K	0.00	90.38	36	0	5,508	422
2025-02-06	$9.50	$10.00	18.9%	5.7%	20.0%	8.2%	0.0%	44.1%	8.2%	160.8K	-806.4K	-3.4K	0.00	114.46	3	0	5,529	422
2025-02-07	$9.55	$10.00	25.7%	5.0%	20.0%	15.2%	0.0%	154.2%	8.8%	181.3K	-1.0M	-3.7K	0.00	114.99	26	0	5,529	422
2025-02-10	$9.70	$10.00	26.9%	5.4%	14.2%	16.4%	0.0%	143.7%	7.6%	239.8K	-1.3M	-3.9K	0.00	111.27	27	0	5,533	422
2025-02-11	$9.86	$10.00	9.9%	4.5%	14.6%	0.0%	16.9%	107.3%	2.4%	493.4K	-1.2M	-3.8K	0.00	105.69	58	0	5,552	422
2025-02-12	$9.86	$10.00	20.5%	5.9%	14.3%	10.7%	20.5%	28.2%	-1.7%	495.4K	-1.2M	-3.7K	0.00	91.88	18	0	5,587	422
2025-02-13	$9.93	$10.00	19.8%	5.7%	14.2%	10.0%	19.7%	127.6%	0.4%	922.4K	-1.8M	-4.2K	0.00	90.49	40	0	5,600	422
2025-02-14	$9.73	$7.50	26.9%	7.7%	16.5%	17.3%	27.0%	140.8%	-6.6%	310.9K	-1.3M	-3.7K	0.02	91.44	63	1	5,611	422
2025-02-18	$9.96	$7.50	23.7%	6.8%	18.0%	14.0%	23.7%	132.1%	-2.5%	817.4K	-2.0M	-3.6K	0.01	89.50	141	2	5,608	421
2025-02-19	$9.98	$7.50	19.5%	5.6%	18.0%	9.7%	0.0%	-11.9%	1.1%	636.4K	-2.2M	-3.5K	0.00	106.19	26	0	5,675	423
2025-02-20	$9.88	$7.50	23.1%	6.6%	18.7%	13.4%	0.0%	144.9%	1.0%	693.2K	-1.2M	-2.9K	0.27	93.42	30	8	5,675	423
2025-02-21	$10.07	$7.50	17.7%	5.1%	19.1%	7.9%	19.8%	-24.5%	5.2%	1.1M	-3.3M	-2.6K	0.00	96.62	403	0	5,664	423
2025-02-24	$10.16	$7.50	23.8%	6.8%	19.1%	14.2%	23.9%	-28.2%	-2.9%	39.6K	-710.8K	-2.6K	0.01	88.73	183	1	1,664	231
2025-02-25	$10.13	$7.50	25.1%	7.2%	18.1%	15.4%	25.1%	111.9%	-3.5%	42.5K	-751.2K	-2.7K	0.10	83.99	108	11	1,837	232
2025-02-26	$10.21	$10.00	28.6%	8.2%	17.6%	19.0%	28.6%	102.2%	-6.4%	39.4K	-811.5K	-2.9K	0.00	58.05	43	0	1,921	243
2025-02-27	$9.80	$10.00	18.7%	5.4%	23.7%	8.9%	18.7%	157.1%	-0.4%	46.1K	-573.9K	-2.7K	9.50	73.74	2	19	1,960	243
2025-02-28	$10.18	$10.00	15.3%	4.4%	27.0%	5.5%	18.2%	-7.2%	1.5%	49.1K	-812.7K	-2.8K	0.03	82.57	58	2	1,961	242