HLN Options History — January 2026

In January 2026, HLN traded between $9.77 and $10.46. ATM implied volatility averaged 35.5%, placing in the 30.4% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 18.0% (HV 20d: 17.5%). Max pain ranged from $5.00 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.20.

Notable Days

2026-01-20: Highest Volume — 297 contracts
2026-01-14: Largest IV drop — 62.6% change
2026-01-07: Highest IV Rank — 56.6%
2026-01-02: Largest Expected Move — 10.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.13	$9.77	$10.46	$10.00	$10.46
Max Pain	$9.75	$5.00	$10.00	$5.00	$10.00
ATM IV	35.5%	16.9%	65.6%	36.6%	16.9%
Expected Move	7.8%	4.9%	10.5%	10.5%	4.9%
HV 20d	17.5%	14.4%	20.2%	15.2%	20.2%
HV 60d	19.2%	18.7%	19.6%	19.3%	19.2%
IV Rank	30.4%	10.5%	56.6%	27.1%	10.7%
IV Percentile	73.5%	6.0%	98.0%	91.3%	6.0%
Term Structure	2.0%	-7.9%	27.2%	-2.4%	2.1%
VWIV	23.8%	14.0%	30.7%	28.8%	19.8%
Skew 25d	9.7%	-53.8%	168.3%	168.3%	-48.0%
Skew 10d	19.2%	-56.9%	266.6%	266.6%	14.5%
Call IV 25d	37.4%	18.6%	78.0%	57.7%	78.0%
Put IV 25d	47.1%	20.7%	226.0%	226.0%	30.0%
Bid-Ask Spread %	98.84	88.17	110.00	95.23	91.29
Gamma HHI	0.85	0.76	0.93	0.90	0.78
Net GEX	41.4K	25.1K	51.4K	51.4K	41.4K
Net DEX	-663.5K	-927.6K	-351.9K	-644.0K	-927.6K
Net VEX	-2.1K	-2.4K	-1.8K	-2.4K	-1.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.20	0.00	1.14	0.38	0.00
Total Volume	50.1	1	297	11	36
Total OI	2,394.15	2,129	2,485	2,426	2,481

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
2026-01-02	$10.00	$5.00	36.6%	10.5%	15.2%	27.1%	0.0%	168.3%	-2.4%	51.4K	-644.0K	-2.4K	0.38	95.23	8	3	2,097	329
2026-01-05	$10.11	$10.00	33.7%	8.3%	15.3%	24.2%	28.8%	97.9%	-4.1%	45.6K	-680.8K	-2.3K	0.00	100.08	113	0	2,097	331
2026-01-06	$10.25	$10.00	42.0%	7.0%	15.6%	32.6%	17.7%	12.5%	6.3%	46.6K	-781.6K	-2.1K	0.02	93.22	111	2	2,034	331
2026-01-07	$10.07	$10.00	65.6%	7.7%	16.8%	56.6%	24.5%	6.5%	-2.3%	37.5K	-637.9K	-2.1K	0.00	107.80	7	0	2,031	333
2026-01-08	$10.04	$10.00	44.3%	8.4%	16.5%	35.0%	29.7%	6.2%	-7.5%	40.8K	-619.7K	-2.1K	0.00	102.54	20	0	2,031	333
2026-01-09	$9.91	$10.00	51.4%	8.6%	16.9%	42.2%	30.7%	4.8%	-5.9%	42.4K	-569.3K	-2.2K	1.14	98.38	22	25	2,037	333
2026-01-12	$9.79	$10.00	61.3%	8.2%	17.3%	52.3%	0.0%	2.0%	-7.9%	41.5K	-487.1K	-2.0K	0.13	96.32	8	1	2,034	358
2026-01-13	$9.82	$10.00	54.0%	5.4%	17.2%	44.9%	20.3%	1.6%	2.0%	49.7K	-525.4K	-1.9K	0.03	94.16	30	1	2,035	359
2026-01-14	$9.91	$10.00	20.2%	5.8%	14.4%	10.5%	23.8%	-0.4%	0.8%	47.6K	-526.5K	-2.0K	0.00	99.02	18	0	2,032	360
2026-01-15	$9.77	$10.00	30.0%	8.6%	15.3%	20.4%	30.1%	0.6%	27.2%	42.1K	-471.9K	-2.0K	0.51	94.66	41	21	2,030	360
2026-01-16	$9.84	$10.00	26.1%	7.5%	15.5%	24.5%	26.1%	5.7%	1.0%	25.1K	-351.9K	-1.8K	1.00	88.17	1	1	2,022	381
2026-01-20	$10.14	$10.00	29.8%	8.5%	18.8%	30.2%	24.0%	11.1%	-4.0%	27.7K	-497.9K	-1.9K	0.00	98.08	297	0	1,747	382
2026-01-21	$10.27	$10.00	29.7%	8.5%	19.1%	30.1%	20.9%	-25.6%	17.5%	41.7K	-731.3K	-2.2K	0.06	101.95	50	3	1,982	382
2026-01-22	$10.29	$10.00	27.8%	8.0%	19.1%	27.2%	0.0%	18.1%	4.6%	37.6K	-710.9K	-2.1K	0.50	105.97	2	1	2,008	379
2026-01-23	$10.43	$10.00	27.1%	7.8%	19.2%	26.0%	0.0%	23.8%	16.0%	36.8K	-807.6K	-2.1K	0.00	99.95	65	0	2,009	378
2026-01-26	$10.39	$10.00	23.1%	6.6%	19.3%	20.1%	14.0%	-32.6%	3.8%	42.3K	-840.7K	-1.9K	0.00	100.44	18	0	2,063	378
2026-01-27	$10.43	$10.00	35.4%	10.1%	19.3%	38.7%	24.7%	-23.5%	-7.6%	39.8K	-853.0K	-2.1K	0.19	97.40	54	10	2,068	378
2026-01-28	$10.32	$10.00	34.6%	9.9%	19.7%	37.5%	0.0%	19.1%	-2.9%	44.3K	-824.9K	-2.2K	0.00	110.00	1	0	2,097	388
2026-01-29	$10.30	$10.00	20.9%	6.0%	19.6%	16.7%	22.2%	-53.8%	2.7%	46.4K	-780.5K	-2.1K	0.00	102.09	32	0	2,087	388
2026-01-30	$10.46	$10.00	16.9%	4.9%	20.2%	10.7%	19.8%	-48.0%	2.1%	41.4K	-927.6K	-1.8K	0.00	91.29	36	0	2,093	388