SPMB Options History — January 2026

In January 2026, SPMB traded between $22.41 and $22.59. ATM implied volatility averaged 33.9%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 31.0% (HV 20d: 2.9%). Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 0 of 20 days.

Notable Days

  • 2026-01-27: Highest Volume — 53 contracts
  • 2026-01-14: Largest IV drop — 47.6% change
  • 2026-01-13: Highest IV Rank — 28.0%
  • 2026-01-02: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.51$22.41$22.59$22.41$22.55
ATM IV33.9%24.8%48.4%38.6%32.4%
Expected Move7.7%6.1%11.1%11.1%9.3%
HV 20d2.9%2.8%3.1%3.0%2.9%
HV 60d3.5%3.2%3.6%3.5%3.2%
IV Rank19.2%11.3%28.0%21.1%20.2%
IV Percentile59.2%18.3%88.9%77.0%69.8%
Term Structure-5.9%-14.6%-3.2%-14.6%-8.3%
Skew 25d0.3%-1.6%13.9%1.7%-1.6%
Skew 10d2.1%-4.6%18.1%2.6%0.5%
Call IV 25d32.4%10.7%43.6%43.6%40.4%
Put IV 25d32.8%12.3%45.2%45.2%38.8%
Bid-Ask Spread %154.19150.55156.63151.92152.84
Gamma HHI1.001.001.001.001.00
Net GEX-596-4.0K00-4.0K
Net DEX4.2K028.3K028.2K
Net VEX-20-13600-133
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume2.6505300
Total OI7.95053053

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$22.41$0.0038.6%11.1%3.0%21.1%0.0%1.7%-14.6%0000.00151.92N/AN/A0000
2026-01-05$22.44$0.0042.6%6.1%2.9%23.9%0.0%13.9%-3.9%0000.00156.63N/AN/A0000
2026-01-06$22.43$0.0043.9%6.1%2.9%24.8%0.0%0.3%-3.8%0000.00156.04N/AN/A0000
2026-01-07$22.45$0.0046.2%6.3%2.8%26.4%0.0%0.2%-4.3%0000.00155.99N/AN/A0000
2026-01-08$22.43$0.0048.1%6.2%2.8%27.8%0.0%0.3%-4.3%0000.00155.82N/AN/A0000
2026-01-09$22.55$0.0031.7%6.9%3.1%16.2%0.0%-0.3%-4.4%0000.00155.28N/AN/A0000
2026-01-12$22.55$0.0041.9%7.2%3.1%23.4%0.0%-0.5%-5.1%0000.00153.01N/AN/A0000
2026-01-13$22.55$0.0048.4%7.2%2.9%28.0%0.0%-0.4%-5.3%0000.00155.64N/AN/A0000
2026-01-14$22.59$0.0025.4%7.3%2.9%11.7%0.0%1.7%-5.9%0000.00150.55N/AN/A0000
2026-01-15$22.55$0.0024.8%7.1%2.9%11.3%0.0%-0.5%-3.2%0000.00155.50N/AN/A0000
2026-01-16$22.52$0.0025.6%7.3%2.9%14.4%0.0%-0.5%-4.1%0000.00155.04N/AN/A0000
2026-01-20$22.44$0.0025.1%7.2%2.9%13.9%0.0%-0.5%-5.0%0000.00154.46N/AN/A0000
2026-01-21$22.48$0.0025.9%7.4%2.9%14.7%0.0%0.2%-5.5%0000.00154.32N/AN/A0000
2026-01-22$22.48$0.0026.3%7.6%2.9%15.0%0.0%-0.9%-6.5%0000.00154.23N/AN/A0000
2026-01-23$22.52$0.0028.6%8.2%2.9%16.9%0.0%-0.9%-4.8%0000.00154.25N/AN/A0000
2026-01-26$22.55$0.0029.7%8.5%2.9%17.9%0.0%-1.3%-6.5%0000.00153.19N/AN/A0000
2026-01-27$22.55$0.0029.8%8.5%2.9%18.0%0.0%-1.4%-6.9%0000.00153.66N/AN/A05300
2026-01-28$22.55$0.0030.9%8.9%2.9%19.0%0.0%-1.4%-7.3%-4.0K28.3K-1360.00152.84N/AN/A00053
2026-01-29$22.57$0.0031.7%9.1%2.9%19.6%0.0%-1.6%-7.7%-4.0K28.0K-1340.00152.53N/AN/A00053
2026-01-30$22.55$0.0032.4%9.3%2.9%20.2%0.0%-1.6%-8.3%-4.0K28.2K-1330.00152.84N/AN/A00053