HLN Options History — March 2026

In March 2026, HLN traded between $9.73 and $10.89. ATM implied volatility averaged 58.8%, placing in the 39.4% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 26.5% (HV 20d: 32.2%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.46.

Notable Days

  • 2026-03-30: Highest Volume — 49 contracts
  • 2026-03-16: Largest IV spike — 1019.0% change
  • 2026-03-16: Highest IV Rank — 100.0%
  • 2026-03-18: Largest Expected Move — 25.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.17$9.73$10.89$10.89$10.00
Max Pain$8.45$7.50$10.00$10.00$10.00
ATM IV58.8%10.4%310.4%61.6%25.9%
Expected Move10.9%3.0%25.5%17.7%7.4%
HV 20d32.2%27.1%36.4%31.3%27.1%
HV 60d24.7%22.8%26.6%22.8%26.5%
IV Rank39.4%0.0%100.0%77.4%19.8%
IV Percentile67.6%0.0%100.0%97.6%51.6%
Term Structure-7.1%-57.7%10.0%-35.8%-12.5%
VWIV37.0%20.4%58.9%20.4%51.6%
Skew 25d74.3%-14.2%186.5%6.9%169.5%
Skew 10d141.4%-0.7%274.5%20.0%274.5%
Call IV 25d39.8%26.5%70.1%32.4%43.6%
Put IV 25d114.1%26.4%225.3%39.3%213.1%
Bid-Ask Spread %64.8725.14116.60116.6039.15
Gamma HHI0.520.490.640.640.63
Net GEX25.8K17.4K39.1K39.1K20.0K
Net DEX-416.8K-796.8K-252.3K-796.8K-300.4K
Net VEX-2.0K-3.5K-1.5K-3.5K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.004.001.000.06
Total Volume9.667049238
Total OI2,241.1432,2032,2922,2162,292

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$10.89$10.0061.6%17.7%31.3%77.4%0.0%6.9%-35.8%39.1K-796.8K-3.5K1.00116.60112,093123
2026-03-03$10.60$10.0033.9%9.7%32.9%32.8%0.0%3.4%-2.4%34.4K-595.8K-2.7K0.00113.241002,093124
2026-03-04$10.50$10.0031.1%8.9%33.0%28.2%20.4%-14.2%-13.5%30.9K-521.0K-2.3K0.13112.061622,103124
2026-03-05$10.32$7.5036.0%6.8%31.6%36.1%0.0%-6.6%-0.7%26.7K-419.3K-2.0K0.00113.52102,113126
2026-03-06$10.25$7.5033.8%7.9%31.4%32.6%0.0%71.2%-3.7%25.1K-379.0K-1.8K0.00108.38012,113126
2026-03-09$10.27$7.5038.1%8.4%31.3%39.5%0.0%7.5%-1.0%26.3K-388.4K-1.8K0.00108.64002,113127
2026-03-10$10.14$7.5035.4%7.1%31.4%35.1%0.0%17.2%-1.3%25.2K-386.6K-1.9K0.00112.19402,108127
2026-03-11$10.02$7.5027.0%7.7%30.9%21.7%58.9%2.3%10.0%24.6K-381.3K-2.1K0.08108.581312,110127
2026-03-12$10.09$7.5029.8%0.0%30.7%26.2%0.0%108.0%-0.9%24.8K-380.4K-1.9K0.0029.37002,123128
2026-03-13$10.04$7.5027.7%0.0%30.6%22.8%0.0%109.1%-1.0%24.5K-377.4K-2.0K0.0025.90002,133128
2026-03-16$10.45$7.50310.4%7.7%34.6%100.0%0.0%12.7%-4.5%31.8K-545.6K-2.5K0.0038.01202,133128
2026-03-17$10.59$7.50254.2%8.6%34.9%100.0%0.0%-2.9%-7.1%31.4K-552.2K-2.3K0.0036.12202,133128
2026-03-18$10.32$7.5034.9%25.5%35.8%34.4%0.0%56.5%-57.7%29.7K-474.9K-2.2K0.0050.98002,135128
2026-03-20$10.07$7.5016.1%9.5%36.4%3.4%29.3%114.9%0.4%25.4K-403.2K-2.0K0.0043.370112,135128
2026-03-23$9.95$7.5010.7%10.6%35.7%0.0%0.0%151.4%-3.6%21.6K-326.9K-1.7K0.0025.14012,068135
2026-03-24$9.73$7.5013.1%13.2%36.0%0.0%33.9%151.1%-10.8%20.8K-314.4K-1.8K4.0027.985202,068136
2026-03-25$9.77$10.0080.0%11.7%36.1%88.3%0.0%151.3%-14.0%17.4K-252.3K-1.5K0.0041.372102,073156
2026-03-26$9.77$10.0046.9%13.4%30.2%44.3%31.5%85.4%0.8%20.6K-311.8K-1.7K0.0037.37402,084156
2026-03-27$9.77$10.0010.4%3.0%27.2%0.0%0.0%186.5%8.2%19.8K-299.8K-1.7K0.0041.09002,087156
2026-03-30$10.02$10.0076.8%22.0%27.3%84.7%33.0%178.5%2.3%21.2K-345.8K-1.8K0.6933.2629202,087156
2026-03-31$10.00$10.0025.9%7.4%27.1%19.8%51.6%169.5%-12.5%20.0K-300.4K-1.5K0.0639.153622,116176