HLN Options History — February 2026

In February 2026, HLN traded between $10.43 and $11.25. ATM implied volatility averaged 30.0%, placing in the 28.4% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 10.1% (HV 20d: 20.0%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.15.

Notable Days

2026-02-04: Highest Volume — 556 contracts
2026-02-17: Largest IV spike — 85.1% change
2026-02-10: Highest IV Rank — 42.7%
2026-02-27: Largest Expected Move — 10.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.96	$10.43	$11.25	$10.54	$11.04
Max Pain	$10.00	$10.00	$10.00	$10.00	$10.00
ATM IV	30.0%	17.3%	38.0%	33.6%	37.8%
Expected Move	8.4%	5.0%	10.8%	9.6%	10.8%
HV 20d	20.0%	14.7%	31.1%	19.4%	31.1%
HV 60d	19.3%	17.3%	22.8%	19.2%	22.8%
IV Rank	28.4%	6.1%	42.7%	35.9%	39.1%
IV Percentile	68.1%	6.0%	91.3%	84.5%	90.9%
Term Structure	4.3%	-21.7%	57.9%	9.2%	-19.9%
VWIV	25.5%	15.0%	52.0%	52.0%	16.4%
Skew 25d	17.9%	1.3%	32.8%	32.8%	15.7%
Skew 10d	15.0%	-3.3%	70.8%	27.2%	19.9%
Call IV 25d	22.9%	18.4%	33.8%	22.3%	23.4%
Put IV 25d	40.8%	27.6%	56.4%	55.1%	39.0%
Bid-Ask Spread %	113.75	100.32	125.37	102.98	109.96
Gamma HHI	0.60	0.50	0.77	0.77	0.66
Net GEX	41.1K	30.9K	59.2K	37.9K	42.9K
Net DEX	-1.1M	-1.5M	-567.9K	-913.3K	-760.2K
Net VEX	-2.7K	-3.7K	-1.8K	-1.9K	-2.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.15	0.00	1.33	0.86	0.00
Total Volume	106.105	0	556	13	16
Total OI	2,887.579	2,201	3,585	2,490	2,201

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
2026-02-02	$10.54	$10.00	33.6%	9.6%	19.4%	35.9%	52.0%	32.8%	9.2%	37.9K	-913.3K	-1.9K	0.86	102.98	7	6	2,102	388
2026-02-03	$10.50	$10.00	35.5%	10.2%	19.3%	38.9%	15.0%	32.4%	9.8%	38.1K	-882.4K	-2.0K	0.00	101.53	16	0	2,105	393
2026-02-04	$10.82	$10.00	36.1%	10.4%	21.4%	39.8%	23.1%	24.5%	6.3%	31.5K	-1.1M	-1.8K	0.00	100.32	556	0	2,095	393
2026-02-05	$10.88	$10.00	31.3%	9.7%	20.0%	32.5%	0.0%	25.9%	5.6%	37.6K	-1.2M	-2.5K	0.07	112.08	30	2	2,597	393
2026-02-06	$10.96	$10.00	25.5%	6.6%	19.9%	23.7%	0.0%	12.6%	5.1%	30.9K	-1.2M	-2.0K	0.02	123.89	126	2	2,595	394
2026-02-09	$10.89	$10.00	27.5%	7.4%	19.2%	26.8%	0.0%	19.3%	4.1%	31.4K	-1.2M	-2.0K	0.00	115.81	4	0	2,630	395
2026-02-10	$11.04	$10.00	38.0%	7.6%	18.4%	42.7%	0.0%	17.2%	10.8%	35.7K	-1.3M	-2.5K	0.12	119.59	98	12	2,630	395
2026-02-11	$11.15	$10.00	24.6%	7.1%	18.4%	22.4%	0.0%	2.5%	3.8%	47.7K	-1.3M	-2.8K	0.12	117.28	412	51	2,640	398
2026-02-12	$11.16	$10.00	27.3%	7.8%	18.5%	26.3%	0.0%	4.9%	-1.5%	59.2K	-1.4M	-3.4K	0.00	116.52	8	0	3,022	449
2026-02-13	$11.16	$10.00	18.2%	5.2%	17.0%	7.4%	17.3%	9.3%	-0.5%	49.0K	-1.3M	-2.4K	0.00	108.20	40	0	3,030	450
2026-02-17	$11.23	$10.00	33.6%	9.6%	17.0%	32.3%	0.0%	19.5%	-21.7%	44.4K	-1.5M	-3.2K	0.04	120.16	75	3	3,022	450
2026-02-18	$11.25	$10.00	35.2%	10.1%	14.7%	34.8%	0.0%	20.2%	-13.0%	45.3K	-1.4M	-3.1K	0.00	119.30	133	0	3,029	453
2026-02-19	$11.09	$10.00	21.9%	6.3%	15.9%	13.5%	0.0%	16.8%	57.9%	42.9K	-1.5M	-3.7K	0.02	109.09	49	1	3,132	453
2026-02-20	$11.25	$10.00	35.1%	10.1%	16.3%	34.7%	18.4%	24.7%	-10.8%	48.8K	-1.5M	-3.0K	0.00	120.84	247	0	3,129	454
2026-02-23	$11.07	$10.00	35.6%	10.2%	17.5%	35.5%	0.0%	25.2%	-17.8%	45.2K	-927.5K	-3.7K	0.11	116.07	9	1	2,155	120
2026-02-24	$11.07	$10.00	28.8%	8.3%	17.3%	24.5%	36.2%	24.8%	-3.3%	44.8K	-851.0K	-3.1K	1.33	115.74	3	4	2,162	121
2026-02-25	$10.43	$10.00	17.3%	5.0%	28.2%	6.1%	16.4%	1.3%	55.7%	32.7K	-567.9K	-2.6K	0.06	125.37	99	6	2,163	125
2026-02-26	$10.77	$10.00	27.6%	7.9%	30.1%	22.6%	0.0%	10.2%	1.5%	34.3K	-596.5K	-2.3K	0.00	106.46	0	0	2,078	123
2026-02-27	$11.04	$10.00	37.8%	10.8%	31.1%	39.1%	0.0%	15.7%	-19.9%	42.9K	-760.2K	-2.9K	0.00	109.96	16	0	2,078	123