Houlihan Lokey (HLI) Options Chain

NYSE: HLIFinanceInvestment ManagersUSD

130.16+4.63 (+3.69%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $130.16
Put/call ratio (OI): 0.34
Put/call ratio (volume): 0.35
ATM implied volatility: 55.9%
Expected move: ±$31.40
Open interest (C / P): 126 / 43

HLI options summary

The HLI options chain for the December 18, 2026 expiration lists 16 call and 16 put contracts, with 68 days until expiration. Open interest stands at 126 calls and 43 puts, a put/call ratio of 0.34, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $130.00 strike is 55.9%, which implies the market expects a move of about ±$31.40 (24.1%) in Houlihan Lokey stock by expiration.

The most open interest sits at the $190.00 call (41 contracts) and the $130.00 put (23 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

HLI options chain · December 18, 2026

HLI calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
1	—	55.1%	53.10	48.30	52.40	80.00	—	—	—	—	—	—
—	—	—	—	—	—	85.00	0.00	2.60	0.75	72.0%	1	1
—	—	—	—	—	—	90.00	0.00	0.00	1.05	12.5%	1	0
—	—	—	—	—	—	95.00	0.00	0.00	1.40	12.5%	1	0
1	—	100.7%	29.00	36.70	40.20	100.00	0.20	3.60	2.30	55.4%	2	3
—	—	—	—	—	—	105.00	0.85	4.10	2.35	52.5%	1	2
8	—	102.4%	45.40	30.70	34.70	110.00	0.30	3.70	2.31	52.8%	1	1
—	—	—	—	—	—	115.00	0.75	4.80	4.05	50.6%	—	2
—	—	—	—	—	—	120.00	2.05	6.00	3.60	47.5%	1	3
—	—	—	6.20	—	—	125.00	4.00	7.90	6.40	46.5%	2	4
—	—	—	5.55	—	—	130.00	8.70	12.50	10.00	55.9%	1	23
HLI $130.16
—	—	—	2.20	—	—	135.00	0.00	0.00	14.45	—	1	0
13	3	43.5%	2.00	2.00	6.00	140.00	11.80	15.50	12.00	41.9%	2	3
15	1	42.6%	4.30	0.60	4.40	145.00	0.00	0.00	16.75	—	—	0
26	16	43.2%	1.26	0.05	3.40	150.00	—	—	—	—	—	—
3	1	44.3%	2.65	0.00	2.70	155.00	0.00	0.00	17.80	—	—	0
—	—	—	—	—	—	160.00	25.30	29.40	19.40	—	—	1
15	1	57.5%	3.71	0.00	2.70	170.00	—	—	—	—	—	—
2	1	51.5%	0.75	0.00	2.25	180.00	—	—	—	—	—	—
1	—	54.1%	0.45	0.00	2.15	185.00	—	—	—	—	—	—
41	10	55.5%	0.31	0.00	0.95	190.00	59.90	63.60	53.20	65.6%	1	0
0	10	25.0%	2.00	0.00	0.00	200.00	—	—	—	—	—	—
0	—	25.0%	0.14	0.00	0.00	230.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the HLI put/call ratio?

For the December 18, 2026 expiration, the HLI put/call ratio based on open interest is 0.34 (43 puts vs 126 calls), and 0.35 based on today's volume. A ratio above 1 means more puts than calls.

What is HLI's implied volatility?

At-the-money implied volatility for HLI options expiring December 18, 2026 is about 55.9%, an annualized estimate of how much the market expects Houlihan Lokey stock to move.

How many HLI option expiration dates are there?

HLI has 4 listed expiration dates, from Oct 16, 2026 to Mar 19, 2027.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.