HLN Options History — December 2025

In December 2025, HLN traded between $9.34 and $10.14. ATM implied volatility averaged 28.9%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 8.9% (HV 20d: 19.9%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.05.

Notable Days

  • 2025-12-23: Highest Volume — 248 contracts
  • 2025-12-05: Largest IV spike — 93.2% change
  • 2025-12-05: Highest IV Rank — 32.5%
  • 2025-12-05: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.79$9.34$10.14$9.82$10.14
Max Pain$5.34$5.00$7.50$7.50$5.00
ATM IV28.9%21.7%41.9%28.5%30.9%
Expected Move8.3%6.5%14.1%8.2%8.9%
HV 20d19.9%15.1%23.1%22.0%15.1%
HV 60d20.7%19.0%22.2%21.9%19.0%
IV Rank19.3%12.0%32.5%18.9%21.3%
IV Percentile74.5%42.1%93.7%78.6%81.0%
Term Structure2.1%-11.6%8.4%4.4%7.0%
VWIV29.2%17.3%92.4%19.0%92.4%
Skew 25d71.0%-26.7%205.5%205.5%50.5%
Skew 10d108.4%-54.0%261.4%261.4%73.3%
Call IV 25d43.7%21.9%88.7%34.4%25.1%
Put IV 25d114.7%39.7%239.9%239.9%75.6%
Bid-Ask Spread %105.5591.99120.46103.07101.23
Gamma HHI0.870.760.930.800.87
Net GEX45.1K25.7K93.8K39.5K47.2K
Net DEX-554.4K-739.9K-327.4K-516.0K-739.9K
Net VEX-2.4K-2.7K-2.1K-2.6K-2.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.050.000.910.910.00
Total Volume51.68212486311
Total OI2,365.4092,1392,5232,2102,415

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-12-01$9.82$7.5028.5%8.2%22.0%18.9%19.0%205.5%4.4%39.5K-516.0K-2.6K0.91103.0733301,875335
2025-12-02$9.68$7.5031.6%9.1%22.6%22.1%0.0%49.1%3.3%35.1K-540.1K-2.7K0.00106.73101,908366
2025-12-03$9.55$7.5032.9%9.4%23.1%23.4%0.0%47.7%-0.2%32.6K-511.5K-2.5K0.00105.711901,909366
2025-12-04$9.52$5.0021.7%6.5%23.1%12.0%21.2%25.3%2.0%32.2K-357.9K-2.3K0.00111.613201,928366
2025-12-05$9.50$5.0041.9%14.1%22.9%32.5%38.2%135.8%-11.6%30.8K-371.9K-2.3K0.00110.962901,944366
2025-12-08$9.41$5.0031.7%9.5%23.1%22.1%42.8%31.2%-2.8%28.1K-327.4K-2.2K0.00111.696601,972366
2025-12-09$9.34$5.0029.8%6.9%22.9%20.3%21.2%35.5%3.9%25.7K-403.5K-2.2K0.00110.914002,006366
2025-12-10$9.48$5.0032.4%9.3%21.1%22.8%27.1%25.9%-3.7%31.3K-381.2K-2.1K0.00120.462402,037346
2025-12-11$9.59$5.0026.6%7.6%21.4%16.9%25.9%145.3%-3.5%32.1K-562.6K-2.4K0.00107.571302,052346
2025-12-12$9.55$5.0024.3%7.0%21.4%14.7%21.0%37.2%1.3%35.9K-425.0K-2.1K0.00112.83702,063346
2025-12-15$9.82$5.0024.1%6.9%20.6%14.4%0.0%149.3%1.8%45.2K-599.2K-2.4K0.00100.128602,064346
2025-12-16$9.86$5.0023.7%6.8%20.4%14.0%17.3%145.0%5.5%59.5K-617.2K-2.4K0.00109.212102,116346
2025-12-17$9.84$5.0025.4%7.3%20.2%15.7%20.6%31.7%3.0%46.6K-645.6K-2.4K0.00110.932502,122346
2025-12-18$9.89$5.0025.3%7.3%20.0%15.7%44.0%32.4%8.3%80.6K-639.2K-2.4K0.00110.006102,121346
2025-12-19$9.95$5.0026.3%7.5%20.0%16.6%23.3%148.9%1.0%93.8K-558.2K-2.3K0.00103.918202,177346
2025-12-22$9.96$5.0026.6%7.6%17.9%16.9%17.5%-26.7%5.2%31.5K-493.8K-2.2K0.0097.7520511,818321
2025-12-23$10.09$5.0028.7%8.2%16.5%19.1%18.2%66.0%3.5%47.3K-653.0K-2.4K0.0098.0324802,010322
2025-12-24$10.11$5.0028.8%8.3%16.0%19.2%17.3%55.0%8.4%51.5K-715.5K-2.5K0.0298.824912,054322
2025-12-26$10.14$5.0029.5%8.5%16.0%19.9%92.4%29.1%-0.2%56.6K-725.8K-2.3K0.0097.373402,055323
2025-12-29$10.11$5.0031.1%8.9%16.0%21.6%0.0%53.2%7.0%56.3K-718.0K-2.5K0.0091.99502,077323
2025-12-30$10.07$5.0033.2%9.5%16.1%23.7%0.0%90.0%1.7%53.3K-694.0K-2.4K0.17101.231222,079327
2025-12-31$10.14$5.0030.9%8.9%15.1%21.3%0.0%50.5%7.0%47.2K-739.9K-2.4K0.00101.231102,086329