BMAX Options History — February 2026

In February 2026, BMAX traded between $19.75 and $25.32. ATM implied volatility averaged 54.8%, placing in the 10.2% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded below realized volatility by 157.4% (HV 20d: 212.2%). Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 7 of 19 days.

Notable Days

  • 2026-02-12: Largest IV spike — 100.2% change
  • 2026-02-12: Highest IV Rank — 24.3%
  • 2026-02-12: Largest Expected Move — 25.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.18$19.75$25.32$23.70$22.35
ATM IV54.8%43.9%87.9%55.0%48.9%
Expected Move14.5%11.2%25.2%15.8%14.0%
HV 20d212.2%129.6%248.0%237.1%129.6%
HV 60d217.3%207.7%224.7%216.7%207.7%
IV Rank10.2%5.6%24.3%10.3%7.7%
IV Percentile59.0%36.9%89.7%66.3%50.5%
Term Structure-5.6%-34.0%7.1%-16.1%-13.6%
Skew 25d2.5%-22.6%16.1%-0.1%2.1%
Skew 10d4.2%-19.5%24.0%1.7%5.1%
Call IV 25d51.3%39.3%87.4%56.5%51.3%
Put IV 25d53.7%43.5%71.6%56.4%53.4%
Bid-Ask Spread %146.32138.72154.49154.49138.72
Gamma HHI0.620.480.880.500.88
Net GEX-2.7K-4.2K-2.2K-2.5K-2.6K
Net DEX106.3K83.6K117.0K108.8K111.5K
Net VEX-402-467-316-466-316
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI111111111111111

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$23.70$0.0055.0%15.8%237.1%10.3%0.0%-0.1%-16.1%-2.5K108.8K-4660.00154.49N/AN/A002109
2026-02-03$23.25$0.0052.1%14.9%237.1%9.0%0.0%2.8%-14.6%-2.9K113.1K-4310.00142.40N/AN/A002109
2026-02-04$22.73$0.0053.0%15.2%237.3%9.4%0.0%-0.1%-13.9%-2.6K114.4K-4310.00141.47N/AN/A002109
2026-02-05$21.82$0.0059.3%12.2%237.5%12.1%0.0%-0.3%5.3%-2.2K110.0K-4170.00143.19N/AN/A002109
2026-02-06$22.52$0.0054.7%11.2%237.8%10.2%0.0%1.4%7.1%-2.2K113.0K-4190.00143.50N/AN/A002109
2026-02-09$23.75$0.0062.7%11.9%228.7%13.6%0.0%3.8%5.1%-3.2K107.0K-4140.00150.25N/AN/A002109
2026-02-10$24.76$0.0070.8%12.2%229.4%17.0%0.0%10.8%5.8%-2.6K92.8K-4660.00150.75N/AN/A002109
2026-02-11$23.25$0.0043.9%12.6%227.7%5.6%0.0%3.5%5.7%-4.2K105.3K-3670.00149.04N/AN/A002109
2026-02-12$19.75$0.0087.9%25.2%233.2%24.3%0.0%-22.6%-34.0%-2.2K102.2K-4670.00144.56N/AN/A002109
2026-02-13$24.51$0.0045.5%13.0%248.0%6.2%0.0%12.9%3.8%-2.6K93.5K-4490.00148.98N/AN/A002109
2026-02-17$22.89$0.0048.0%13.8%234.5%7.3%0.0%1.3%-0.6%-2.8K108.4K-3690.00150.10N/AN/A002109
2026-02-18$22.75$0.0045.0%12.9%234.5%6.0%0.0%2.2%4.3%-2.6K112.5K-3610.00146.75N/AN/A002109
2026-02-19$24.74$0.0049.8%14.3%211.2%8.1%0.0%16.1%-4.9%-2.7K91.4K-4160.00148.05N/AN/A002109
2026-02-20$23.14$0.0045.7%13.1%193.6%6.3%0.0%2.1%-8.6%-2.8K111.8K-3530.00145.52N/AN/A002109
2026-02-23$23.00$0.0053.9%15.4%184.3%9.8%0.0%4.7%-10.7%-2.9K117.0K-3730.00148.76N/AN/A002109
2026-02-24$23.22$0.0044.5%12.7%169.0%5.8%0.0%6.7%-6.6%-3.0K112.8K-3660.00141.40N/AN/A002109
2026-02-25$23.00$0.0051.2%14.7%168.3%8.7%0.0%0.4%-14.1%-2.7K110.4K-3280.00148.31N/AN/A002109
2026-02-26$25.32$0.0068.5%19.6%152.9%16.0%0.0%-0.5%-6.0%-2.4K83.6K-4280.00143.88N/AN/A002109
2026-02-27$22.35$0.0048.9%14.0%129.6%7.7%0.0%2.1%-13.6%-2.6K111.5K-3160.00138.72N/AN/A002109