HLN Options History — August 2025

In August 2025, HLN traded between $9.27 and $9.91. ATM implied volatility averaged 25.9%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 3.8% (HV 20d: 22.1%). 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 14 of 21 days. Put/call ratio averaged 1.17.

Notable Days

2025-08-19: Highest Volume — 353 contracts
2025-08-13: Largest IV drop — 64.4% change
2025-08-12: Highest IV Rank — 47.8%
2025-08-07: Largest Expected Move — 7.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$9.63	$9.27	$9.91	$9.66	$9.80
Max Pain	$10.00	$10.00	$10.00	$10.00	$10.00
ATM IV	25.9%	17.6%	56.9%	22.7%	19.1%
Expected Move	6.0%	5.1%	7.3%	6.5%	5.5%
HV 20d	22.1%	18.8%	23.3%	20.0%	18.8%
HV 60d	18.5%	17.7%	19.2%	18.6%	17.8%
IV Rank	16.3%	7.9%	47.8%	12.9%	9.4%
IV Percentile	54.9%	20.2%	98.0%	57.9%	30.2%
Term Structure	1.1%	-5.4%	10.9%	10.9%	-0.8%
VWIV	22.2%	14.7%	39.6%	14.7%	19.1%
Skew 25d	85.9%	2.7%	267.9%	267.9%	160.7%
Skew 10d	100.5%	-13.5%	270.5%	270.5%	182.5%
Call IV 25d	26.8%	18.4%	46.0%	21.8%	46.0%
Put IV 25d	112.7%	27.7%	289.7%	289.7%	206.7%
Bid-Ask Spread %	85.20	66.33	112.98	112.98	93.94
Gamma HHI	0.81	0.55	0.93	0.90	0.84
Net GEX	52.8K	14.0K	111.9K	103.6K	42.7K
Net DEX	-339.3K	-548.0K	-104.7K	-487.8K	-389.0K
Net VEX	-2.0K	-2.8K	-1.6K	-2.8K	-2.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.17	0.00	15.75	0.00	0.00
Total Volume	58.19	1	353	5	7
Total OI	3,379.19	1,963	4,364	4,325	2,460

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
2025-08-01	$9.66	$10.00	22.7%	6.5%	20.0%	12.9%	14.7%	267.9%	10.9%	103.6K	-487.8K	-2.8K	0.00	112.98	5	0	4,005	320
2025-08-04	$9.52	$10.00	29.2%	5.9%	20.1%	19.6%	20.8%	136.2%	3.3%	79.4K	-371.5K	-2.4K	0.06	104.27	17	1	4,003	320
2025-08-05	$9.27	$10.00	23.1%	6.4%	21.7%	13.4%	25.7%	2.8%	1.0%	35.2K	-138.5K	-1.9K	0.29	96.57	7	2	4,006	321
2025-08-06	$9.27	$10.00	27.2%	5.7%	21.7%	17.6%	24.0%	114.2%	1.1%	40.5K	-130.1K	-1.9K	0.38	83.61	26	10	4,013	323
2025-08-07	$9.46	$10.00	33.3%	7.3%	23.1%	23.7%	0.0%	133.1%	-5.4%	70.5K	-296.6K	-2.1K	0.00	91.32	33	0	4,023	333
2025-08-08	$9.52	$10.00	36.5%	6.5%	22.9%	27.1%	22.9%	142.0%	0.4%	78.5K	-354.1K	-2.2K	0.00	90.48	99	0	3,997	333
2025-08-11	$9.46	$10.00	56.2%	7.0%	23.0%	47.0%	30.4%	147.8%	-1.3%	60.1K	-465.2K	-2.0K	5.38	88.19	13	70	3,947	333
2025-08-12	$9.57	$10.00	56.9%	6.0%	22.7%	47.8%	21.1%	153.3%	0.0%	81.5K	-361.6K	-1.9K	0.00	82.60	10	0	3,949	403
2025-08-13	$9.71	$10.00	20.2%	5.8%	23.3%	10.5%	20.3%	138.1%	1.3%	95.5K	-548.0K	-2.0K	1.03	84.34	59	61	3,947	403
2025-08-14	$9.71	$10.00	22.3%	6.4%	22.9%	12.6%	39.6%	135.6%	-2.4%	111.9K	-465.6K	-1.9K	0.00	79.22	24	0	3,952	412
2025-08-15	$9.64	$10.00	19.1%	5.5%	23.1%	9.3%	0.0%	13.7%	3.9%	14.0K	-104.7K	-1.6K	15.75	81.95	4	63	3,945	412
2025-08-18	$9.68	$10.00	20.0%	5.7%	22.9%	10.3%	20.1%	8.1%	-1.0%	14.6K	-197.2K	-1.6K	0.01	66.33	89	1	1,667	296
2025-08-19	$9.75	$10.00	21.2%	6.1%	22.7%	11.5%	21.3%	11.4%	0.1%	16.9K	-231.1K	-1.7K	0.00	81.11	352	1	1,726	297
2025-08-20	$9.91	$10.00	19.5%	5.6%	23.0%	9.8%	19.5%	7.4%	0.9%	39.6K	-425.0K	-2.1K	0.07	70.81	56	4	2,028	296
2025-08-21	$9.82	$10.00	19.3%	5.5%	23.0%	9.5%	19.4%	9.3%	1.1%	37.2K	-373.2K	-2.0K	0.00	68.81	121	0	2,024	300
2025-08-22	$9.82	$10.00	19.6%	5.6%	23.0%	9.8%	19.6%	2.7%	1.0%	39.3K	-420.6K	-2.3K	0.25	69.14	24	6	2,123	300
2025-08-25	$9.68	$10.00	20.8%	6.0%	22.6%	11.1%	20.9%	9.7%	-0.5%	36.4K	-343.0K	-2.1K	0.00	92.81	11	0	2,130	300
2025-08-26	$9.63	$10.00	18.8%	5.4%	22.3%	9.0%	23.2%	23.1%	9.1%	33.4K	-319.8K	-2.1K	0.00	82.03	0	1	2,131	300
2025-08-27	$9.73	$10.00	21.7%	6.2%	21.9%	12.0%	21.7%	3.0%	-0.7%	37.6K	-365.3K	-2.1K	0.06	86.62	34	2	2,131	300
2025-08-28	$9.70	$10.00	17.6%	5.1%	20.3%	7.9%	18.0%	184.6%	1.8%	40.3K	-337.9K	-2.1K	0.13	82.06	8	1	2,153	301
2025-08-29	$9.80	$10.00	19.1%	5.5%	18.8%	9.4%	19.1%	160.7%	-0.8%	42.7K	-389.0K	-2.1K	0.00	93.94	7	0	2,158	302