YMAX Options History — February 2026

In February 2026, YMAX traded between $8.34 and $9.27. ATM implied volatility averaged 31.7%, placing in the 39.2% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 4.2% (HV 20d: 27.5%). Max pain ranged from $10.00 to $15.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 4.53.

Notable Days

2026-02-10: Highest Volume — 319 contracts
2026-02-11: Largest IV spike — 100.9% change
2026-02-05: Highest IV Rank — 69.2%
2026-02-05: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.63	$8.34	$9.27	$9.27	$8.59
Max Pain	$11.26	$10.00	$15.00	$10.00	$10.00
ATM IV	31.7%	17.2%	51.7%	17.2%	39.4%
Expected Move	9.2%	4.9%	13.3%	4.9%	11.3%
HV 20d	27.5%	16.6%	32.0%	17.2%	31.7%
HV 60d	22.3%	19.6%	23.4%	19.6%	22.4%
IV Rank	39.2%	17.5%	69.2%	17.5%	50.7%
IV Percentile	87.7%	56.3%	98.4%	56.3%	95.6%
Term Structure	-1.8%	-15.9%	11.1%	2.9%	-0.3%
VWIV	36.5%	26.0%	71.5%	71.5%	35.4%
Skew 25d	58.2%	-1.7%	238.5%	29.9%	15.7%
Skew 10d	89.6%	-6.4%	300.9%	29.9%	0.1%
Call IV 25d	23.1%	13.1%	40.9%	20.1%	14.2%
Put IV 25d	81.3%	20.5%	270.5%	49.9%	29.9%
Bid-Ask Spread %	103.42	92.88	115.32	102.67	106.81
Gamma HHI	0.35	0.20	0.70	0.36	0.29
Net GEX	-30.2K	-42.8K	-15.4K	-25.3K	-31.4K
Net DEX	2.6M	2.1M	2.8M	2.5M	2.5M
Net VEX	-2.8K	-5.8K	-943	-1.1K	-3.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.53	0.20	30.33	2.89	0.78
Total Volume	131.316	43	319	183	73
Total OI	7,408.842	7,042	7,871	7,042	7,116

Daily Data (19 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2026-02-02	$9.27	$10.00	17.2%	4.9%	17.2%	17.5%	71.5%	29.9%	2.9%	-25.3K	2.5M	-1.1K	2.89	102.67	N/A	N/A	47	136	3,077	3,965
2026-02-03	$9.02	$10.00	25.1%	7.2%	16.6%	29.4%	26.0%	-1.5%	1.5%	-22.9K	2.6M	-1.9K	2.19	95.49	N/A	N/A	75	164	3,092	4,060
2026-02-04	$8.82	$10.00	28.3%	8.1%	17.3%	34.1%	26.8%	9.4%	2.3%	-33.1K	2.6M	-2.6K	0.72	101.64	N/A	N/A	46	33	3,097	4,154
2026-02-05	$8.43	$13.00	51.7%	13.3%	21.8%	69.2%	49.2%	56.8%	11.1%	-18.4K	2.6M	-2.6K	10.54	109.33	N/A	N/A	13	137	3,104	4,160
2026-02-06	$8.79	$15.00	27.3%	7.7%	28.3%	32.7%	30.1%	220.1%	3.7%	-15.4K	2.1M	-5.8K	30.33	115.32	N/A	N/A	9	273	3,110	4,262
2026-02-09	$8.82	$14.00	31.1%	10.3%	28.5%	38.4%	32.3%	214.2%	-7.9%	-25.8K	2.7M	-2.6K	4.38	112.73	N/A	N/A	8	35	3,114	4,308
2026-02-10	$8.82	$13.00	21.1%	8.6%	28.1%	23.4%	27.4%	221.0%	-2.2%	-34.7K	2.5M	-2.8K	1.93	112.99	N/A	N/A	109	210	3,122	4,318
2026-02-11	$8.61	$13.00	42.5%	12.2%	28.3%	55.4%	32.1%	238.5%	-4.9%	-27.6K	2.5M	-3.9K	0.71	107.49	N/A	N/A	42	30	3,183	4,483
2026-02-12	$8.34	$13.00	26.0%	7.5%	29.5%	30.7%	27.8%	-1.7%	-10.2%	-29.8K	2.8M	-2.1K	0.58	108.50	N/A	N/A	48	28	3,207	4,496
2026-02-13	$8.43	$13.00	34.8%	10.0%	30.3%	43.9%	35.0%	12.0%	-15.9%	-37.0K	2.5M	-3.6K	1.49	106.33	N/A	N/A	65	97	3,224	4,497
2026-02-17	$8.46	$10.00	26.0%	7.5%	30.5%	30.7%	32.6%	13.4%	-5.5%	-36.9K	2.7M	-2.5K	2.68	97.59	N/A	N/A	19	51	3,262	4,525
2026-02-18	$8.46	$10.00	31.8%	9.1%	30.1%	39.3%	37.1%	7.8%	-0.9%	-42.8K	2.8M	-943	14.50	101.94	N/A	N/A	10	145	3,240	4,536
2026-02-19	$8.48	$10.00	30.8%	8.8%	30.1%	37.9%	34.1%	11.0%	0.5%	-31.3K	2.6M	-3.6K	9.55	100.82	N/A	N/A	11	105	3,248	4,590
2026-02-20	$8.50	$10.00	33.1%	9.5%	29.8%	41.3%	36.9%	6.9%	-2.7%	-32.3K	2.7M	-3.2K	0.23	97.94	N/A	N/A	144	33	3,249	4,622
2026-02-23	$8.38	$10.00	27.5%	7.9%	29.7%	32.9%	40.1%	10.3%	-12.9%	-29.5K	2.5M	-2.6K	0.20	98.49	N/A	N/A	41	8	2,912	4,160
2026-02-24	$8.50	$10.00	24.1%	6.9%	30.7%	27.9%	27.5%	2.5%	1.3%	-29.0K	2.6M	-1.5K	0.22	98.23	N/A	N/A	37	8	2,943	4,163
2026-02-25	$8.66	$10.00	45.0%	12.9%	32.0%	59.2%	47.7%	10.1%	3.1%	-30.4K	2.5M	-3.5K	1.72	92.88	N/A	N/A	54	93	2,887	4,172
2026-02-26	$8.64	$10.00	38.9%	11.1%	32.0%	50.0%	43.8%	29.5%	2.5%	-39.5K	2.4M	-3.1K	0.35	97.85	N/A	N/A	43	15	2,930	4,180
2026-02-27	$8.59	$10.00	39.4%	11.3%	31.7%	50.7%	35.4%	15.7%	-0.3%	-31.4K	2.5M	-3.0K	0.78	106.81	N/A	N/A	41	32	2,931	4,185