ESGV Options History — January 2026

In January 2026, ESGV traded between $119.42 and $123.23. ATM implied volatility averaged 16.5%, placing in the 12.3% IV rank vs the trailing year. The 30-day expected move averaged 3.9%. IV traded above realized volatility by 6.1% (HV 20d: 10.5%). Max pain ranged from $114.00 to $114.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.20.

Notable Days

2026-01-20: Highest Volume — 26 contracts
2026-01-29: Largest IV spike — 53.8% change
2026-01-13: Highest IV Rank — 36.1%
2026-01-30: Largest Expected Move — 4.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$122.01	$119.42	$123.23	$120.93	$121.52
Max Pain	$114.00	$114.00	$114.00	$114.00	$114.00
ATM IV	16.5%	10.3%	27.3%	16.1%	17.0%
Expected Move	3.9%	2.9%	4.9%	4.6%	4.9%
HV 20d	10.5%	8.1%	12.0%	9.3%	11.9%
HV 60d	12.9%	12.3%	13.8%	13.7%	12.8%
IV Rank	12.3%	0.0%	36.1%	11.0%	14.8%
IV Percentile	41.9%	0.0%	92.5%	43.7%	53.6%
Term Structure	1.7%	-3.0%	9.5%	0.5%	0.6%
VWIV	14.0%	12.8%	16.4%	13.2%	12.8%
Skew 25d	4.1%	0.0%	9.7%	2.7%	4.1%
Skew 10d	3.6%	1.4%	7.4%	7.4%	2.6%
Call IV 25d	11.2%	7.4%	16.3%	11.9%	13.2%
Put IV 25d	15.3%	13.3%	17.6%	14.6%	17.3%
Bid-Ask Spread %	115.29	110.75	147.84	147.84	112.74
Gamma HHI	0.44	0.18	0.69	0.69	0.22
Net GEX	11.0K	4.0K	17.4K	11.2K	15.9K
Net DEX	-316.6K	-380.5K	-252.0K	-256.7K	-358.6K
Net VEX	-322	-543	-161	-400	-543
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.20	0.00	0.86	0.00	0.00
Total Volume	2.4	0	26	1	1
Total OI	41.95	35	59	35	59

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2026-01-02	$120.93	$0.00	16.1%	4.6%	9.3%	11.0%	0.0%	2.7%	0.5%	11.2K	-256.7K	-400	0.00	147.84	0	1	29	6
2026-01-05	$121.91	$114.00	17.6%	4.0%	9.7%	14.3%	0.0%	5.3%	0.7%	8.5K	-287.9K	-281	0.00	116.40	0	0	29	6
2026-01-06	$122.76	$114.00	17.2%	3.3%	9.8%	13.5%	0.0%	3.0%	2.9%	8.8K	-303.3K	-185	0.00	115.25	0	0	29	6
2026-01-07	$122.58	$114.00	18.5%	3.0%	9.7%	16.3%	0.0%	2.4%	3.0%	6.4K	-299.0K	-222	0.00	112.15	0	0	29	6
2026-01-08	$122.37	$114.00	20.2%	4.0%	9.7%	20.1%	0.0%	3.1%	1.1%	6.8K	-297.6K	-231	0.00	113.01	0	0	29	6
2026-01-09	$123.23	$114.00	19.2%	3.4%	9.7%	18.0%	0.0%	1.9%	2.4%	7.4K	-306.0K	-190	0.00	110.75	0	0	29	6
2026-01-12	$123.17	$114.00	24.7%	3.1%	9.7%	30.4%	0.0%	3.2%	4.0%	4.0K	-309.2K	-161	0.00	112.08	0	0	29	6
2026-01-13	$122.38	$114.00	27.3%	4.0%	8.9%	36.1%	0.0%	1.7%	-0.1%	6.9K	-297.5K	-221	0.00	112.26	0	0	29	6
2026-01-14	$121.61	$114.00	13.7%	3.9%	9.2%	5.6%	13.2%	2.1%	1.0%	9.1K	-283.8K	-257	0.00	112.56	1	0	29	6
2026-01-15	$122.09	$114.00	13.9%	4.0%	9.3%	6.1%	0.0%	5.2%	-1.5%	8.5K	-298.0K	-232	0.00	114.78	0	0	30	6
2026-01-16	$122.12	$114.00	14.8%	4.2%	8.1%	8.1%	0.0%	2.6%	-3.0%	8.7K	-297.2K	-230	0.00	114.38	0	0	30	6
2026-01-20	$119.42	$114.00	15.1%	4.3%	11.1%	8.7%	16.4%	0.0%	2.1%	13.4K	-252.0K	-328	0.37	113.87	19	7	30	6
2026-01-21	$120.91	$114.00	15.5%	4.4%	11.9%	9.6%	13.6%	1.5%	1.8%	17.4K	-306.1K	-500	0.00	111.35	4	0	39	10
2026-01-22	$121.61	$114.00	15.7%	4.5%	11.8%	10.1%	0.0%	9.0%	-2.2%	16.0K	-348.1K	-474	0.00	115.48	0	0	41	10
2026-01-23	$121.70	$114.00	15.2%	4.4%	11.7%	9.0%	0.0%	4.5%	-1.7%	14.5K	-350.8K	-415	0.00	115.11	0	0	41	10
2026-01-26	$122.51	$114.00	10.8%	3.1%	11.9%	0.0%	0.0%	9.7%	7.6%	14.1K	-365.6K	-415	0.00	115.46	0	0	41	10
2026-01-27	$122.82	$114.00	12.0%	3.4%	11.9%	2.7%	0.0%	5.5%	3.5%	12.8K	-375.2K	-346	0.00	114.51	2	0	41	10
2026-01-28	$122.75	$114.00	10.3%	2.9%	11.8%	0.0%	0.0%	8.2%	9.5%	14.0K	-380.5K	-406	0.00	114.91	0	0	42	10
2026-01-29	$121.91	$114.00	15.8%	4.5%	12.0%	12.2%	13.9%	5.5%	2.0%	15.1K	-358.4K	-412	0.86	110.87	7	6	42	10
2026-01-30	$121.52	$114.00	17.0%	4.9%	11.9%	14.8%	12.8%	4.1%	0.6%	15.9K	-358.6K	-543	0.00	112.74	1	0	46	13