A Options History — February 2026

In February 2026, A traded between $119.73 and $134.73. ATM implied volatility averaged 33.7%, placing in the 20.1% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 7.5% (HV 20d: 26.2%). Max pain ranged from $125.00 to $145.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.16.

Notable Days

  • 2026-02-26: Highest Volume — 7,918 contracts
  • 2026-02-11: Largest IV spike — 24.8% change
  • 2026-02-25: Highest IV Rank — 30.0%
  • 2026-02-25: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$126.88$119.73$134.73$134.73$121.45
Max Pain$137.11$125.00$145.00$140.00$125.00
ATM IV33.7%27.4%39.1%28.9%32.2%
Expected Move9.9%8.3%11.2%8.3%9.2%
HV 20d26.2%21.4%33.8%33.8%26.2%
HV 60d26.9%25.0%27.8%27.2%26.1%
IV Rank20.1%8.6%30.0%11.5%17.4%
IV Percentile62.9%14.7%92.1%30.2%59.9%
Term Structure-2.0%-6.2%3.7%2.9%-1.3%
VWIV34.5%28.2%39.7%28.2%32.2%
Skew 25d3.8%1.3%5.3%4.4%4.7%
Skew 10d7.8%-2.0%13.3%8.7%7.7%
Call IV 25d33.1%27.4%36.7%27.4%30.4%
Put IV 25d36.9%31.6%41.1%31.7%35.1%
Bid-Ask Spread %71.9664.3388.1979.1467.41
Gamma HHI0.170.130.210.160.15
Net GEX-1.1M-2.8M447.2K50.2K291.4K
Net DEX7.6M-24.9M33.9M-24.9M4.9M
Net VEX-444.5K-537.3K-372.0K-537.3K-398.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.056.250.100.48
Total Volume1,810.5263077,9184471,768
Total OI26,717.89521,33629,17327,44024,637

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$134.73$140.0028.9%8.3%33.8%11.5%28.2%4.4%2.9%50.2K-24.9M-537.3K0.1079.14N/AN/A4083914,70312,737
2026-02-03$132.65$140.0029.1%8.3%31.2%11.8%30.5%2.1%3.7%-373.2K-16.6M-521.5K0.3287.43N/AN/A71522714,88012,747
2026-02-04$133.48$140.0030.1%8.6%27.1%13.7%30.4%4.5%2.1%-132.1K-20.9M-525.6K0.3088.19N/AN/A2367114,94212,720
2026-02-05$129.97$145.0032.3%9.9%28.1%17.6%34.7%1.3%-1.4%-708.3K-4.4M-504.5K4.2174.82N/AN/A3651,53814,99512,738
2026-02-06$130.17$145.0028.6%9.5%28.1%10.8%31.9%3.3%-1.7%-1.4M588.3K-513.9K0.7269.13N/AN/A26118915,03714,136
2026-02-09$127.75$145.0028.0%9.5%26.4%9.8%33.5%3.5%-1.8%-2.1M14.9M-481.2K0.5965.42N/AN/A88952715,07114,083
2026-02-10$128.99$140.0027.4%9.7%27.1%8.6%32.0%3.8%-2.1%-1.9M7.3M-477.6K0.3372.19N/AN/A39213114,78713,907
2026-02-11$128.63$140.0034.2%9.8%27.1%21.0%32.5%2.9%-2.8%-2.0M9.5M-478.0K0.0567.88N/AN/A2,67313214,82213,955
2026-02-12$125.62$140.0037.0%10.6%27.7%26.2%36.4%4.8%-2.7%-2.3M30.3M-408.8K6.2570.47N/AN/A7724,82513,18514,031
2026-02-13$125.31$140.0035.9%10.3%27.7%24.1%35.2%3.0%-2.5%-2.2M24.7M-416.2K0.3568.86N/AN/A40314013,30713,926
2026-02-17$123.91$140.0037.4%10.7%26.3%26.9%39.7%4.1%-4.5%-2.3M29.7M-397.3K1.0468.17N/AN/A29730813,38813,760
2026-02-18$126.67$140.0035.8%10.3%25.4%24.1%36.2%4.1%-2.6%-2.8M21.5M-403.0K0.3268.86N/AN/A39712613,42613,897
2026-02-19$126.08$140.0037.9%10.9%22.0%27.8%37.3%4.3%-3.0%-2.6M22.7M-403.7K0.4672.55N/AN/A1,16654113,58213,905
2026-02-20$122.67$135.0037.7%10.8%23.4%27.4%38.1%3.4%-3.4%-564.9K33.9M-388.4K1.2671.94N/AN/A69687514,09713,764
2026-02-23$123.73$135.0038.2%11.0%22.0%28.4%37.9%3.8%-6.2%-586.8K8.8M-385.9K0.1375.81N/AN/A1,94625610,57110,765
2026-02-24$124.31$125.0038.1%10.9%21.4%28.2%38.1%5.0%-3.7%183.1K-4.5M-413.2K0.1568.24N/AN/A1,19718512,16310,881
2026-02-25$124.84$125.0039.1%11.2%21.7%30.0%38.8%5.3%-5.2%447.2K-9.7M-419.8K0.6464.33N/AN/A1,09269912,76610,944
2026-02-26$119.73$125.0032.2%9.2%25.2%17.4%32.0%3.4%-2.3%-104.3K16.7M-372.0K4.3166.45N/AN/A1,4926,42613,14911,236
2026-02-27$121.45$125.0032.2%9.2%26.2%17.4%32.2%4.7%-1.3%291.4K4.9M-398.2K0.4867.41N/AN/A1,19257613,29811,339