HLN Options History — March 2025

In March 2025, HLN traded between $10.04 and $10.71. ATM implied volatility averaged 21.2%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded below realized volatility by 7.6% (HV 20d: 28.8%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 6.14.

Notable Days

2025-03-18: Highest Volume — 994 contracts
2025-03-07: Largest IV spike — 80.2% change
2025-03-11: Highest IV Rank — 24.3%
2025-03-07: Largest Expected Move — 7.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.31	$10.04	$10.71	$10.57	$10.32
Max Pain	$10.00	$10.00	$10.00	$10.00	$10.00
ATM IV	21.2%	14.6%	33.8%	17.3%	18.0%
Expected Move	6.3%	4.3%	7.8%	5.0%	6.9%
HV 20d	28.8%	17.1%	31.2%	29.2%	17.1%
HV 60d	22.3%	21.5%	22.8%	21.5%	22.6%
IV Rank	11.5%	4.7%	24.3%	7.5%	8.2%
IV Percentile	40.9%	8.7%	81.3%	19.4%	24.6%
Term Structure	0.9%	-24.1%	12.7%	3.7%	4.4%
VWIV	21.8%	15.5%	25.7%	17.7%	24.0%
Skew 25d	14.0%	-57.3%	126.0%	-57.3%	-8.1%
Skew 10d	77.9%	-86.9%	236.4%	-86.2%	165.9%
Call IV 25d	33.4%	22.7%	99.6%	93.1%	27.1%
Put IV 25d	47.4%	18.1%	151.1%	35.8%	19.0%
Bid-Ask Spread %	84.16	71.75	94.88	85.66	71.75
Gamma HHI	0.81	0.51	0.92	0.82	0.82
Net GEX	41.8K	15.3K	60.5K	40.4K	39.1K
Net DEX	-1.0M	-1.4M	-670.2K	-1.1M	-920.8K
Net VEX	-3.2K	-3.7K	-1.9K	-2.5K	-3.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	6.14	0.00	111.00	0.13	0.00
Total Volume	112.952	0	994	256	9
Total OI	2,784.667	2,260	3,517	2,260	2,779

Daily Data (21 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
2025-03-03	$10.57	$10.00	17.3%	5.0%	29.2%	7.5%	17.7%	-57.3%	3.7%	40.4K	-1.1M	-2.5K	0.13	85.66	226	30	2,017	243
2025-03-04	$10.71	$10.00	18.4%	5.3%	29.3%	8.7%	17.2%	-54.0%	6.2%	33.3K	-1.4M	-1.9K	0.01	82.71	129	1	2,173	273
2025-03-05	$10.55	$10.00	18.8%	5.4%	30.2%	9.1%	19.9%	-1.0%	1.4%	43.9K	-1.2M	-2.9K	0.07	84.96	60	4	2,286	274
2025-03-06	$10.39	$10.00	15.1%	4.3%	31.0%	5.2%	0.0%	5.9%	-5.0%	48.5K	-1.1M	-2.9K	0.00	82.12	332	0	2,306	276
2025-03-07	$10.43	$10.00	27.2%	7.8%	30.3%	17.5%	0.0%	5.5%	-5.7%	51.1K	-1.2M	-3.1K	0.00	94.88	10	0	2,408	276
2025-03-10	$10.36	$10.00	22.3%	6.4%	30.6%	12.6%	0.0%	-5.1%	1.2%	51.6K	-1.1M	-3.3K	0.00	92.71	7	0	2,408	276
2025-03-11	$10.43	$10.00	33.8%	5.0%	30.3%	24.3%	15.5%	0.4%	-24.1%	46.8K	-1.2M	-3.2K	0.09	85.40	34	3	2,401	276
2025-03-12	$10.21	$10.00	27.7%	7.1%	31.1%	18.0%	0.0%	17.0%	-4.5%	53.5K	-1.0M	-3.3K	0.00	86.53	0	0	2,408	273
2025-03-13	$10.20	$10.00	24.6%	5.6%	31.1%	15.0%	19.3%	14.0%	-3.3%	60.5K	-1.0M	-3.2K	0.09	84.85	11	1	2,408	273
2025-03-14	$10.14	$10.00	21.9%	5.6%	31.2%	12.2%	22.1%	20.0%	0.5%	58.0K	-936.8K	-3.3K	0.32	84.58	22	7	2,402	274
2025-03-17	$10.32	$10.00	25.2%	6.4%	30.6%	15.5%	0.0%	8.8%	0.4%	54.0K	-1.1M	-3.2K	0.00	89.98	5	0	2,402	280
2025-03-18	$10.34	$10.00	21.5%	5.9%	29.7%	11.8%	0.0%	-2.6%	5.4%	53.4K	-1.1M	-3.4K	6.00	89.60	142	852	2,407	281
2025-03-19	$10.38	$10.00	14.6%	7.4%	29.7%	4.7%	25.7%	-3.4%	12.7%	15.3K	-1.1M	-3.7K	111.00	86.14	1	111	2,482	1,035
2025-03-20	$10.39	$10.00	22.0%	7.2%	29.3%	12.3%	0.0%	-3.7%	3.0%	15.3K	-1.1M	-3.6K	1.00	78.61	1	1	2,481	1,030
2025-03-21	$10.29	$10.00	20.9%	6.8%	28.9%	11.2%	23.6%	6.2%	2.7%	38.3K	-1.1M	-3.5K	0.28	81.77	72	20	2,482	1,031
2025-03-24	$10.13	$10.00	21.0%	7.0%	29.4%	11.2%	24.4%	49.3%	3.4%	37.2K	-787.1K	-3.5K	0.02	78.23	143	3	2,308	450
2025-03-25	$10.04	$10.00	17.3%	6.7%	29.5%	7.5%	0.0%	0.6%	6.0%	33.5K	-721.7K	-3.4K	3.67	78.57	15	55	2,301	453
2025-03-26	$10.04	$10.00	16.8%	7.2%	29.4%	7.0%	25.0%	126.0%	5.6%	33.1K	-670.2K	-3.5K	0.08	81.34	13	1	2,290	503
2025-03-27	$10.11	$10.00	20.3%	7.2%	25.3%	10.6%	25.2%	120.1%	4.9%	32.7K	-737.9K	-3.5K	0.00	82.01	25	0	2,282	502
2025-03-28	$10.23	$10.00	21.3%	5.5%	21.8%	11.6%	23.9%	56.0%	0.3%	38.2K	-872.0K	-3.4K	0.00	85.04	26	0	2,266	502
2025-03-31	$10.32	$10.00	18.0%	6.9%	17.1%	8.2%	24.0%	-8.1%	4.4%	39.1K	-920.8K	-3.3K	0.00	71.75	9	0	2,277	502