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

Analyze the complete HLN 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 HLN.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

12.5

Exp: 2026-02-20

Gamma Flip

8.57

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.088

Shows put vs call positioning

IV Skew

10.72

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low 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: 65%

Current DPI is 0.975(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.. Trend approaching turning point (Momentum Deceleration) with Low Saturation Gamma saturation

Options Terrain Outlook (3-Month)

Options positioning suggests a structurally constrained trading environment, where price movements are more likely to stall or mean-revert rather than extend. Volatility conditions remain relatively smooth. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-02-20 options expiry. 100% confidence

The support levels for HLN are at 10.94, 10.89, and 10.80, while the resistance levels are at 11.02, 11.07, and 11.16. The pivot point, a key reference price for traders, is at 12.50.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 3.16% 1-day move.

The expected range for the next 14 days is 10.13 — 11.89 , corresponding to +8.30% / -7.77% .

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 12.60 (14.79% above spot).

Bearish positioning points to downside pressure toward 9.48 (13.71% below spot).

Options flow strength: 0.40 (0–1 scale). ATM Strike: 10.00, Call: 0.95, Put: 0.35, Straddle Cost: 1.30.

Price moves are likely to stay range-bound. The short-term gamma flip is near 9.38 , with intermediate positioning around 8.57 . The mid-term gamma flip remains near 8.57.