MEMX Options History — January 2026

In January 2026, MEMX traded between $38.86 and $44.92. ATM implied volatility averaged 60.3%, placing in the 33.7% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded below realized volatility by 45.2% (HV 20d: 105.4%). Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 0 of 20 days.

Notable Days

  • 2026-01-08: Largest IV spike — 184.6% change
  • 2026-01-12: Highest IV Rank — 100.0%
  • 2026-01-13: Largest Expected Move — 20.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.52$38.86$44.92$40.75$38.89
ATM IV60.3%27.3%198.6%56.8%42.1%
Expected Move12.4%7.3%20.2%16.3%12.1%
HV 20d105.4%95.6%112.7%102.9%98.9%
HV 60d87.7%78.0%93.9%78.9%93.9%
IV Rank33.7%10.4%100.0%39.4%18.1%
IV Percentile52.9%2.1%100.0%80.0%42.9%
Term Structure-7.0%-15.9%-1.2%-12.2%-14.5%
Skew 25d6.2%-4.4%31.9%15.6%-4.4%
Skew 10d11.9%1.5%52.8%1.7%6.9%
Call IV 25d34.6%16.2%65.8%21.5%51.5%
Put IV 25d40.8%27.5%80.0%37.1%47.2%
Bid-Ask Spread %167.20159.37177.05167.95160.18
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$40.75$0.0056.8%16.3%102.9%39.4%0.0%15.6%-12.2%0000.00167.95N/AN/A0000
2026-01-05$38.86$0.0041.2%7.3%104.9%27.0%0.0%1.5%-2.6%0000.00171.94N/AN/A0000
2026-01-06$39.13$0.0044.5%7.4%95.6%29.6%0.0%1.4%-2.9%0000.00170.59N/AN/A0000
2026-01-07$39.29$0.0045.3%7.5%95.6%30.2%0.0%2.8%-2.8%0000.00171.73N/AN/A0000
2026-01-08$43.94$0.00128.8%19.7%103.1%96.8%0.0%0.0%0.0%0000.00171.97N/AN/A0000
2026-01-09$39.03$0.0049.9%7.5%112.5%33.9%0.0%0.7%-2.7%0000.00170.69N/AN/A0000
2026-01-12$44.03$0.00134.5%18.1%112.7%100.0%0.0%0.0%0.0%0000.00169.32N/AN/A0000
2026-01-13$44.03$0.00198.6%20.2%112.7%100.0%0.0%0.0%0.0%0000.00171.11N/AN/A0000
2026-01-14$44.03$0.0070.2%20.1%112.7%32.8%0.0%0.0%0.0%0000.00170.54N/AN/A0000
2026-01-15$40.30$0.0027.3%7.8%108.2%10.4%0.0%6.3%-2.6%0000.00168.39N/AN/A0000
2026-01-16$40.50$0.0027.3%7.8%108.2%10.4%0.0%7.1%-2.5%0000.00168.22N/AN/A0000
2026-01-20$39.34$0.0055.1%15.8%102.0%24.9%0.0%10.7%-14.8%0000.00177.05N/AN/A0000
2026-01-21$39.91$0.0028.7%8.2%102.2%11.1%0.0%3.4%-4.2%0000.00166.74N/AN/A0000
2026-01-22$44.92$0.0052.1%14.9%110.4%23.4%0.0%0.0%0.0%0000.00164.02N/AN/A0000
2026-01-23$44.92$0.0050.8%14.6%103.2%22.7%0.0%0.0%0.0%0000.00162.13N/AN/A0000
2026-01-26$43.42$0.0029.5%8.5%104.3%11.5%0.0%11.3%-1.2%0000.00160.54N/AN/A0000
2026-01-27$43.42$0.0057.0%16.3%104.3%25.9%0.0%31.9%-15.9%0000.00162.05N/AN/A0000
2026-01-28$40.84$0.0033.6%9.6%107.2%13.7%0.0%-1.0%-10.1%0000.00159.37N/AN/A0000
2026-01-29$40.84$0.0032.4%9.3%107.2%13.1%0.0%-0.8%-8.8%0000.00159.55N/AN/A0000
2026-01-30$38.89$0.0042.1%12.1%98.9%18.1%0.0%-4.4%-14.5%0000.00160.18N/AN/A0000