Ticker Options Intelligence

HLN options intelligence

Haleon plc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 52 Market data through 11 Aug 2026 Checked 12 Aug 2026 12:02 · complete available chain

Volatility expansion watch

Volatility pressure

HLN currently carries volatility options pressure with a 52/100 conviction score. The nearest-chain expected move is 11.8%, with volume/open-interest participation at 0.01.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Volatility

Volatility expansion watch

Expected move 11.8%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +1.6%

RS -7.6

Expected move 11.8%
Put-call volume -
Volume / OI 0.01
Reference IV 0.71
Max pain 10.00
Underlying 10.03
Nearest expiry 21 Aug 2026
Contracts 64

Research Brief

HLN has a volatility chain read with 52/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 8.85–11.21; The largest call open-interest concentration is 10.00; the largest put concentration is 10.00. The most active strike by current volume is 10.00.

Priced range8.85–11.21
Call concentration10.00
Put concentration10.00
Max pain reference10.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • Options and the weekly trend are not yet giving the same message.
  • Front-expiry volatility is rich, so the signal may be event-driven and vulnerable to volatility compression.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 8.85 to 11.21. Max pain at 10.00 sits inside that range, 0.3% below spot.

Spot Max pain
8.8510.03 ± 1.1811.21
Confirmation level

A close beyond 11.21 or below 8.85 at the 21 Aug expiry would exceed the move currently priced by this chain.

Important limitation

The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.

Score Construction

Why conviction is 52/100

Evidence alignment, not probability

Pressure is 100/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation4 × 22%
+0.9

Volume relative to existing open interest and contract-level activity.

Trend agreement0 × 26%
+0.0

How closely the chain read agrees with the underlying trend backdrop.

Volatility90 × 10%
+9.0

The intensity of implied volatility and the priced move.

Reconstructed score51.9Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 10.00; the largest put concentration is 10.00. The most active strike by current volume is 10.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
12
2.50-75.1%
1
0
5.00-50.1%
4
4
7.50-25.2%
9
884
10.00-0.3%
361
2
12.5024.6%
190
2
15.0049.6%
11
0
17.5074.5%
1
1
20.0099.4%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Balanced gamma proxy

Reported + model-estimated Greeks · 85% coverage

Call- and put-side gamma sensitivity is broadly balanced across the retained chain. Individual strike concentrations may still matter more than the chain-wide net.

Net profile+$17,977Delta change / 1% move
Positive peak10.00+$16,294
Negative peak7.50-$57
Nearest balance7.51Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.50-75.1%
-$2
5.00-50.1%
+$0
7.50-25.2%
-$57
10.00-0.3%
+$16,294
12.5024.6%
+$1,757
15.0049.6%
+$5
17.5074.5%
-$9
20.0099.4%
-$10
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike

Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.

Volatility Curve

Front-loaded volatility

2.29× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

0.71 21 Aug 10d
0.41 18 Sep 38d
0.30 20 Nov 101d
0.31 19 Feb 192d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

10
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

Forward validation is building. The earliest eligible stored read expires 21 Aug 2026; its result will appear after the matched closing reference is stored.

Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
  • Auditable calculationoriginal version retained
  • Independent entryone read per market session
  • Point-in-time referencerequired at entry
  • Matched expiry closereported only after maturity

Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.

Evidence Quality

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
11 Aug 2026
Calculation
v2.0
Contracts
64 / 64
  • No material coverage gap was detected in the retained chain.

Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.

Options Intent Radar

Volatility expansion bet

92/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Volatility expansion bet matters because it connects the options headline to the actual evidence: $1,388 of estimated gross traded notional, calls · 91+ days · atm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+100
1W price+1.6%
Call premium100%
Put premium0%
Notional split C 100% / P 0% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.01 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Calls · 91+ days · ATM
Calls · 91+ days · ATM calls cluster with 10 contracts traded, $825 estimated gross traded notional, and 59% of visible notional.
$825
Calls · 22-45 days · ATM calls cluster with 20 contracts traded, $550 estimated gross traded notional, and 40% of visible notional.
$550
Calls · 8-21 days · ATM calls cluster with 1 contracts traded, $12 estimated gross traded notional, and 1% of visible notional.
$12

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Activity Anomaly

Quiet tape

17

Activity is muted versus this ticker's stored history.

Baseline: 10 completed sessions

Volume rank0th
Volume/OI rank0th
IV rank50th

Market Context

Underlying confirmation

Sharemaestro weekly
Close10.03
1W+1.6%
RS-7.6
Fair value+9.5%
Options pressure100
Speculation4
Volatility90
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 11.8% near normal
30d avg 8.8% · 10 sessions 70th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
IV 0.71 near normal
30d avg 0.71 · 10 sessions 50th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Put-call 0.00 near normal
30d avg 5.57 · 10 sessions 30th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Volume/OI 0.01 muted
30d avg 0.09 · 10 sessions 0th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:11 Volatility
Pressure 100
Move 8.9%
30 Jul 10:07 Volatility
Pressure -84
Move 10.2%
30 Jul 15:10 Mixed
Pressure 0
Move 6.6%
30 Jul 15:41 Mixed
Pressure 0
Move 6.6%
30 Jul 19:38 Volatility
Pressure -17
Move 5.9%
31 Jul 07:17 Volatility
Pressure -39
Move 5.6%
31 Jul 15:09 Bullish
Pressure 34
Move 5.9%
31 Jul 18:18 Bullish
Pressure 43
Move 4.6%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 1
Puts · V 0 · OI 12
Strike5.00
Calls · V 0 · OI 4
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 9
Puts · V 0 · OI 4
Strike10.00
Calls · V 1 · OI 361
Puts · V 0 · OI 884
Strike12.50
Calls · V 0 · OI 190
Puts · V 0 · OI 2
Strike15.00
Calls · V 0 · OI 11
Puts · V 0 · OI 2
Strike17.50
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts16
Avg IV0.71
Put-call-
Expiry18 Sep 2026
Contracts16
Avg IV0.41
Put-call-
Expiry20 Nov 2026
Contracts16
Avg IV0.30
Put-call-
Expiry19 Feb 2027
Contracts16
Avg IV0.31
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.69
Put IV0.84
Skew0.16
18 Sep 2026Put IV premium
Call IV0.35
Put IV0.43
Skew0.09
20 Nov 2026Put IV premium
Call IV0.21
Put IV0.28
Skew0.07
19 Feb 2027Put IV premium
Call IV0.14
Put IV0.37
Skew0.22

Contract Tape

Most active contracts

Full contract tape
ContractHLN260918C00010000
SideCall
Expiry18 Sep 2026
Strike10.00
Volume20
OI41
IV0.23
ContractHLN270219C00010000
SideCall
Expiry19 Feb 2027
Strike10.00
Volume10
OI1085
IV0.27
ContractHLN260821C00010000
SideCall
Expiry21 Aug 2026
Strike10.00
Volume1
OI361
IV0.23
ContractHLN261120C00010000
SideCall
Expiry20 Nov 2026
Strike10.00
Volume-
OI1254
IV0.28
ContractHLN260821P00010000
SidePut
Expiry21 Aug 2026
Strike10.00
Volume-
OI884
IV0.01
ContractHLN260821C00012500
SideCall
Expiry21 Aug 2026
Strike12.50
Volume-
OI190
IV0.69
ContractHLN261120C00012500
SideCall
Expiry20 Nov 2026
Strike12.50
Volume-
OI135
IV0.21
ContractHLN261120P00010000
SidePut
Expiry20 Nov 2026
Strike10.00
Volume-
OI126
IV0.28

Research Graph

Related research and context

Ticker deep links

Related News

No recent ticker-specific news yet.

Market Watch

No recent market-watch posts yet.

Earnings

No upcoming matched earnings event.

Evidence context