Health Care

Haleon plc (HLN) options and signal

Figures as of 28 Sep 2026

HLN is Haleon plc, a Health Care name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	6 of 100	28 Sep
At the money IV	47.4%	28 Sep
Priced move to 20 Nov	18.1% down, 18.1% up	28 Sep
Call wall and put wall	Both 10	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	9.17	28 Sep

Options Snapshot

HLN's IV rank is 6 of 100 on 28 Sep 2026.

Figure	Value
IV rank	6 of 100
At the money IV	47.4%, near month, 53 days
Put/call ratio, open interest	0.02
Call open interest, strikes captured near the price	7,270 contracts
Put open interest, strikes captured near the price	140 contracts
Cost to trade at the money	Wide, 113.3% of the option's mid price

IV rank is where the at the money IV sits among HLN's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Options Snapshot in RingMaster The Options Snapshot guide

Priced Range

On 28 Sep 2026, HLN options priced a move of 18.1 percent down and 18.1 percent up by 20 Nov 2026.

Expiry	Days	Down	Up	Range
20 Nov 2026	53	18.1%	18.1%	7.51 to 10.83
19 Feb 2027	144	21.0%	21.0%	7.24 to 11.10

The range is one standard deviation either side of the close of 9.17, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

Thin quote at that expiry; its neighbours' reading stands in.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Priced Range in RingMaster The Priced Range guide

Gamma Map

On 28 Sep 2026, HLN's call wall and put wall are both at the 10 strike.

Figure	Value
Call wall, most open call gamma	10
Put wall, most open put gamma	10
Net dollar gamma, calls minus puts	$127,833
Total dollar gamma, both sides	$133,482
Close	9.17

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, HLN's at the money IV is 47.4 percent against 20 day realized volatility of 22.4 percent.

Figure	Value
At the money IV	47.4%
Realized volatility, 20 trading days	22.4%
Realized volatility, 60 trading days	21.6%
IV against its own weekly record	Low, in the bottom fifth
Weekly readings on record	159, from 19 Aug 2022
Weeks the price moved more than the one week priced move	0.6% of 158 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, HLN's at the money IV runs from 47.4 percent at 53 days to 33.6 percent at 144 days.

Days to expiry	At the money IV
53	47.4%
144	33.6%

Near expiries price more volatility than far ones, an inverted term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Weather in RingMaster The Volatility Weather guide

Volatility Surface

On 28 Sep 2026, HLN's surface spans 2 expiries out to 144 days, with IV from 33.6 to 47.4 percent near the price.

Figure	Value
Expiries captured	2
Nearest expiry	20 Nov 2026, 53 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	2
Lowest IV among them	33.6%
Highest IV among them	47.4%

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Surface in RingMaster The Volatility Surface guide

Expiry Ladder

On 28 Sep 2026, HLN has 2 captured expiries, from 20 Nov 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
20 Nov 2026	53	47.4%	1,542	134
19 Feb 2027	144	33.6%	5,725	6

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Expiry Ladder in RingMaster The Expiry Ladder guide

Strike Table

On 28 Sep 2026, HLN's largest open interest sits at the 10 strike, with 7,070 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
10	6,940	130	7,070
12.5	179	0	179
7.5	148	10	158

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Strike Table in RingMaster The Strike Table guide

Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, HLN's at the money IV moved from 37.5 percent to 47.4 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	37.5%	47.4%	+9.9 points
Open interest, strikes captured near the price	7,452	7,407	-45
Put/call ratio, open interest	0.02	0.02	-0.00

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Since Yesterday in RingMaster The Since Yesterday guide

Changed Hands

On 28 Sep 2026, 196 HLN option contracts traded, 1.0 times its own recent average.

Figure	Value
Calls traded	184
Puts traded	12
Against its recent average	1.0 times
Busier than	4 of its last 9 trading days
Open interest, whole chain	7,484 contracts
Volume to open interest	0.03
Unusual volume flag	No

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 10 trading days of HLN's option positioning, from 15 Sep 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
15 Sep 2026	9.24	$94,999	10	10
21 Sep 2026	9.36	$139,480	10	10
28 Sep 2026	9.17	$127,833	10	10

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Positioning Replay in RingMaster The Positioning Replay guide

Read-out

On 25 Sep 2026 the desk's view of HLN was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	9.39, the swing high of 22 Sep 2026
Level below the close	9.14, the swing low of 17 Sep 2026
Strategy family	Long straddle (buy a call and a put at the same strike)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 HLN sat at the 23rd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	11 of 100	Bearish
20 trading days	15 of 100	Bearish
45 trading days	23 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Rank by Timeframe in RingMaster The Rank by Timeframe guide

Timeframe Agreement

On 25 Sep 2026 HLN's near timeframes were bearish and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	2 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 HLN had carried no signal for at least 10 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	23 of 100
24 Sep 2026	None	39 of 100
23 Sep 2026	None	30 of 100
22 Sep 2026	None	28 of 100
21 Sep 2026	None	7 of 100
18 Sep 2026	None	9 of 100
17 Sep 2026	None	13 of 100
16 Sep 2026	None	19 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Signal History in RingMaster The Signal History guide

Sector Split

On 25 Sep 2026, 32 of 120 Health Care names were bullish and 52 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Health Care	120	32	52	36

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Sector Split in RingMaster The Sector Split guide

Price Chart

HLN closed at 9.17 on 28 Sep 2026.

Figure	Value
Last close	9.17
Change over 5 trading days	-2.0%
Change over 21 trading days	-8.7%
Change over 63 trading days	-1.7%
Change over 252 trading days	+5.2%
52 week high	11.28
52 week low	8.65
20 day moving average	9.41
50 day moving average	9.73
200 day moving average	9.82
RSI, 14 days	39

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

Open Price Chart in RingMaster The Price Chart guide

Seasonality

In the 4 Septembers on record, HLN's average change was minus 0.3 percent, and it rose in 75.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.3%	+1.6%	75.0%	4
October	-1.9%	-1.2%	50.0%	4
November	+5.9%	+5.7%	75.0%	4

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

Open Seasonality in RingMaster The Seasonality guide

Headlines

The desk's news feeds carried 2 headlines naming HLN in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	2
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

Open Headlines in RingMaster The Headlines guide

Questions

What is HLN's IV rank?: HLN's IV rank is 6 of 100 on 28 Sep 2026.
What move are HLN options pricing?: On 28 Sep 2026, HLN options priced a move of 18.1 percent down and 18.1 percent up by 20 Nov 2026.
Where are HLN's call wall and put wall?: On 28 Sep 2026, HLN's call wall and put wall are both at the 10 strike.
What was the desk's latest view of HLN on the Free plan?: On 25 Sep 2026 the desk's view of HLN was neutral, paper trading.

More Health Care names

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