HL Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete HL options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around HL.

Latest Data: 2026-07-20 (EDT)

Max Pain Price

Exp: 2026-07-24

Gamma Flip

14.72

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.084

Shows put vs call positioning

IV Skew

-6.25

Put–call IV difference

Max Pain Price Volatility

σ = 5.24

medium volatility

Confidence 85%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. Options Chian

On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 100%

Current DPI is 0.132(neutral). Neutral consolidation, trend and momentum are indistinct. From the current DPI structure, dealers appear largely neutral, suggesting limited willingness to reinforce directional price moves..

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2027-01-15 options expiry. 100% confidence

The support levels for HL are at 14.04, 13.68, and 11.34, while the resistance levels are at 14.54, 14.90, and 17.24. The pivot point, a key reference price for traders, is at 16.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 3.15% 1-day move.

The expected range for the next 4 days is 13.92 — 15.24 , corresponding to +6.67% / -2.56% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 15.86 (10.98% above spot).

Bearish positioning points to downside pressure toward 13.83 (3.23% below spot).

Options flow strength: 0.54 (0–1 scale). ATM Strike: 14.50, Call: 0.36, Put: 0.54, Straddle Cost: 0.90.

Price moves may extend once a direction forms. The short-term gamma flip is near 14.78 , with intermediate positioning around 14.72 . The mid-term gamma flip remains near 14.72.