YMAX Options History — January 2026

In January 2026, YMAX traded between $9.34 and $10.27. ATM implied volatility averaged 19.8%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 2.1% (HV 20d: 17.7%). Max pain ranged from $10.00 to $13.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 3.38.

Notable Days

  • 2026-01-20: Highest Volume — 381 contracts
  • 2026-01-12: Largest IV spike — 96.5% change
  • 2026-01-30: Highest IV Rank — 36.2%
  • 2026-01-30: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.96$9.34$10.27$10.07$9.34
Max Pain$10.50$10.00$13.00$13.00$10.00
ATM IV19.8%12.8%29.7%15.6%29.7%
Expected Move5.5%3.7%8.5%4.5%8.5%
HV 20d17.7%15.4%19.1%16.9%17.7%
HV 60d21.6%19.9%23.5%23.2%20.2%
IV Rank21.4%10.8%36.2%15.2%36.2%
IV Percentile65.1%29.4%92.1%48.8%92.1%
Term Structure0.8%-13.9%27.0%5.2%-7.6%
VWIV26.5%14.6%61.1%17.1%22.1%
Skew 25d65.0%-67.6%200.6%85.3%3.3%
Skew 10d136.6%-2.4%302.4%150.1%3.7%
Call IV 25d23.7%9.0%97.7%18.3%21.1%
Put IV 25d88.7%14.0%216.7%103.6%24.4%
Bid-Ask Spread %95.2785.81103.2986.6897.32
Gamma HHI0.870.331.000.990.33
Net GEX-195.2K-809.7K-3.3K-292.3K-3.3K
Net DEX2.8M2.2M3.5M3.4M2.6M
Net VEX-2.4K-4.5K-860-2.8K-860
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.380.0917.062.591.79
Total Volume195.456738114767
Total OI9,157.455,91511,52711,2187,036

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$10.07$13.0015.6%4.5%16.9%15.2%17.1%85.3%5.2%-292.3K3.4M-2.8K2.5986.68N/AN/A411065,6535,565
2026-01-05$10.27$10.0018.9%5.3%18.6%20.1%35.1%24.9%-5.2%-160.6K3.0M-3.5K1.21100.91N/AN/A71865,6625,560
2026-01-06$10.27$10.0022.3%5.5%18.6%25.2%20.7%66.0%1.6%-97.8K2.9M-4.5K1.8997.73N/AN/A35665,6895,593
2026-01-07$10.13$11.0026.0%7.6%19.0%30.8%20.0%159.3%-13.9%-233.8K3.5M-2.4K1.7097.94N/AN/A891515,4695,753
2026-01-08$10.11$11.0016.7%5.8%18.7%16.7%18.9%145.5%-1.8%-392.1K3.4M-2.2K12.6797.79N/AN/A121525,5165,747
2026-01-09$10.07$10.0014.5%4.2%18.6%13.5%37.6%184.0%-0.7%-809.7K3.4M-1.4K1.8697.26N/AN/A1252335,5225,844
2026-01-12$10.16$11.0028.6%6.0%19.1%34.6%20.4%153.0%-7.7%-302.3K2.9M-1.1K1.0288.51N/AN/A95975,6205,874
2026-01-13$10.21$11.0017.9%4.1%18.8%18.5%14.6%-1.6%3.1%-181.5K3.0M-2.7K5.4889.37N/AN/A231265,6335,894
2026-01-14$10.09$11.0014.3%4.1%18.6%13.2%15.5%133.6%9.4%-203.4K3.3M-3.8K1.5793.96N/AN/A40635,5665,877
2026-01-15$10.04$11.0016.5%4.7%18.1%16.5%16.8%200.6%27.0%-259.4K3.2M-3.2K2.6290.39N/AN/A521365,5905,542
2026-01-16$10.04$10.0023.4%6.7%15.4%26.9%34.8%8.0%-0.8%-427.5K3.0M-2.4K17.0693.17N/AN/A172905,6145,451
2026-01-20$9.80$10.0012.8%3.7%17.2%10.8%16.2%108.9%3.3%-81.0K2.4M-1.3K4.8685.81N/AN/A653162,6023,313
2026-01-21$9.80$11.0020.7%5.9%16.4%22.8%20.4%0.7%-1.7%-76.9K2.3M-1.9K0.0991.91N/AN/A231212,6143,590
2026-01-22$9.89$10.0020.9%6.0%16.8%23.0%33.6%23.5%2.4%-89.5K2.2M-2.1K1.2898.84N/AN/A1421822,7263,597
2026-01-23$9.88$10.0020.0%5.7%16.8%21.6%31.6%21.8%2.3%-75.3K2.2M-2.4K1.47103.29N/AN/A53782,8523,722
2026-01-26$9.88$10.0018.5%5.3%16.6%19.4%28.1%19.0%-0.6%-79.8K2.3M-1.9K0.15102.67N/AN/A103152,8963,735
2026-01-27$9.84$10.0022.6%6.5%16.7%25.6%35.9%25.1%1.9%-57.7K2.2M-2.5K0.2898.15N/AN/A112312,9833,745
2026-01-28$9.72$10.0014.3%4.1%17.0%13.2%61.1%6.2%-1.1%-46.9K2.3M-2.3K0.1198.03N/AN/A122132,9363,762
2026-01-29$9.55$10.0021.6%6.2%17.8%24.1%29.4%-67.6%1.1%-33.1K2.4M-1.8K8.0095.66N/AN/A282243,0473,759
2026-01-30$9.34$10.0029.7%8.5%17.7%36.2%22.1%3.3%-7.6%-3.3K2.6M-8601.7997.32N/AN/A24433,0753,961