A Options History — January 2026

In January 2026, A traded between $132.90 and $148.95. ATM implied volatility averaged 29.9%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 2.1% (HV 20d: 27.8%). Max pain ranged from $135.00 to $140.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 1.35.

Notable Days

  • 2026-01-07: Highest Volume — 8,559 contracts
  • 2026-01-14: Largest IV drop — 37.2% change
  • 2026-01-13: Highest IV Rank — 33.7%
  • 2026-01-29: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$140.90$132.90$148.95$137.48$133.43
Max Pain$137.25$135.00$140.00$135.00$140.00
ATM IV29.9%25.8%41.2%26.9%28.4%
Expected Move7.9%7.4%8.3%7.7%8.2%
HV 20d27.8%17.4%33.6%17.4%33.6%
HV 60d25.9%22.8%28.0%22.8%27.4%
IV Rank13.2%5.9%33.7%7.8%10.6%
IV Percentile36.6%10.3%94.4%19.8%24.6%
Term Structure2.3%-1.6%4.0%-1.6%3.1%
VWIV27.9%25.8%30.4%25.8%30.3%
Skew 25d2.9%1.4%4.4%4.4%2.6%
Skew 10d6.0%-0.4%13.9%13.8%4.3%
Call IV 25d26.6%23.2%28.3%25.0%27.7%
Put IV 25d29.5%27.5%31.2%29.4%30.3%
Bid-Ask Spread %83.1876.6688.8083.8086.00
Gamma HHI0.240.160.530.170.16
Net GEX2.5M-470.4K9.9M1.5M-123.3K
Net DEX-74.0M-152.4M-13.9M-34.9M-18.8M
Net VEX-518.0K-619.5K-277.1K-282.5K-532.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.350.015.560.044.15
Total Volume2,563.63538,5591,4041,751
Total OI29,098.124,20436,40724,65427,107

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$137.48$135.0026.9%7.7%17.4%7.8%25.8%4.4%-1.6%1.5M-34.9M-282.5K0.0483.80N/AN/A1,3515311,76612,888
2026-01-05$142.42$135.0029.3%7.4%21.9%12.1%26.0%4.3%1.8%3.2M-63.8M-282.3K0.2680.84N/AN/A1,20631112,58812,869
2026-01-06$148.20$135.0028.7%7.6%25.7%11.0%26.0%2.9%4.0%2.9M-84.7M-277.1K0.1676.66N/AN/A2,34136711,93112,928
2026-01-07$147.44$135.0031.1%8.3%24.9%15.5%27.8%2.0%1.9%3.8M-85.4M-294.1K0.0180.78N/AN/A8,44111812,97912,999
2026-01-08$145.61$135.0031.7%8.2%25.1%16.5%28.2%2.3%2.4%6.0M-132.7M-603.4K0.5879.03N/AN/A1,11364820,30113,046
2026-01-09$148.95$135.0033.5%8.0%25.5%19.8%27.3%2.9%2.2%6.0M-152.4M-619.5K0.8679.41N/AN/A1,7951,55020,85413,486
2026-01-12$147.75$135.0040.1%7.7%25.6%31.7%29.3%2.8%1.5%4.8M-138.4M-603.7K1.0682.76N/AN/A17118221,22315,030
2026-01-13$146.53$135.0041.2%7.5%24.1%33.7%27.5%3.3%2.2%4.3M-124.6M-593.8K0.0983.43N/AN/A1,29511821,31815,089
2026-01-14$146.50$135.0025.8%7.4%24.0%5.9%26.6%1.4%3.5%3.3M-121.0M-579.2K5.5684.89N/AN/A1921,06820,79915,065
2026-01-15$145.17$135.0026.8%7.7%23.9%7.6%27.8%1.5%2.2%-470.4K-115.7M-559.9K1.1483.71N/AN/A1,1511,31120,85814,423
2026-01-16$140.68$135.0027.2%7.8%26.0%8.2%28.0%2.4%2.3%9.9M-77.7M-547.0K2.2786.60N/AN/A1,4533,29820,52814,192
2026-01-20$135.48$140.0029.0%8.3%29.4%11.6%28.8%2.9%3.3%94.9K-35.8M-559.6K1.0580.98N/AN/A1,6271,70614,07610,128
2026-01-21$139.70$140.0028.0%8.0%31.3%9.9%30.4%4.1%3.0%1.1M-58.6M-604.6K3.4688.80N/AN/A4311,49315,19510,749
2026-01-22$138.91$140.0027.1%7.8%31.0%8.2%27.2%2.1%2.6%1.4M-60.8M-585.8K0.0686.00N/AN/A7934715,31710,015
2026-01-23$134.70$140.0028.5%8.2%32.8%10.7%28.8%2.5%2.6%846.2K-40.3M-576.7K1.0182.94N/AN/A82383415,72710,030
2026-01-26$136.33$140.0028.8%8.2%33.2%11.2%28.3%3.1%2.0%819.0K-44.9M-581.1K0.7983.46N/AN/A44034715,88710,769
2026-01-27$135.94$140.0028.4%8.1%33.2%10.6%28.2%2.5%2.6%708.3K-41.6M-584.2K0.5483.53N/AN/A80643315,94510,968
2026-01-28$133.94$140.0027.8%8.0%33.6%9.5%26.9%3.5%3.2%352.4K-32.7M-577.7K0.7684.60N/AN/A3,3572,56416,03110,975
2026-01-29$132.90$140.0029.0%8.3%33.6%11.7%29.7%3.6%1.4%-281.7K-13.9M-514.8K3.1685.39N/AN/A1,0303,25714,37011,513
2026-01-30$133.43$140.0028.4%8.2%33.6%10.6%30.3%2.6%3.1%-123.3K-18.8M-532.2K4.1586.00N/AN/A3401,41114,64412,463