BLSH Options History — January 2026

In January 2026, BLSH traded between $30.13 and $41.75. ATM implied volatility averaged 77.3%. The 30-day expected move averaged 22.7%. IV traded above realized volatility by 22.7% (HV 20d: 54.7%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.11.

Notable Days

  • 2026-01-29: Highest Volume — 14,441 contracts
  • 2026-01-28: Largest IV drop — 18.9% change
  • 2026-01-28: Largest Expected Move — 27.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.55$30.13$41.75$39.22$30.13
Max Pain$43.75$40.00$45.00$42.00$40.00
ATM IV77.3%66.4%91.7%67.2%86.0%
Expected Move22.7%18.4%27.1%18.4%25.5%
HV 20d54.7%49.7%58.4%52.3%55.6%
HV 60d66.6%64.4%68.0%66.7%66.3%
Term Structure0.7%-11.5%12.2%3.6%-5.6%
VWIV79.9%64.7%92.7%64.7%92.7%
Skew 25d-0.8%-10.1%33.9%1.7%-6.1%
Skew 10d-8.0%-54.5%8.0%1.0%-6.7%
Call IV 25d77.4%57.2%92.3%66.9%92.3%
Put IV 25d76.6%65.8%91.1%68.6%86.2%
Bid-Ask Spread %50.0633.8094.7052.9745.95
Gamma HHI0.140.080.310.230.08
Net GEX-420.4K-1.1M333.6K-708.3K-210.5K
Net DEX24.7M-2.2M60.2M19.5M60.2M
Net VEX-295.9K-322.4K-228.9K-297.3K-228.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.363.070.581.59
Total Volume6,941.52,53714,4414,05912,808
Total OI70,202.8561,54579,02171,53079,021

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$39.22$42.0067.2%18.4%52.3%0.0%64.7%1.7%3.6%-708.3K19.5M-297.3K0.5852.97N/AN/A2,5721,48743,86027,670
2026-01-05$41.75$45.0068.5%20.6%54.7%0.0%72.3%-1.5%12.0%54.1K634.9K-306.9K0.4242.05N/AN/A5,3842,27438,48324,497
2026-01-06$41.41$45.0068.0%21.1%53.8%0.0%75.6%-0.3%-0.6%333.6K-2.2M-319.6K2.2149.89N/AN/A1,3382,95142,46425,359
2026-01-07$39.20$45.0066.6%20.0%56.3%0.0%70.7%5.8%4.4%-379.1K15.3M-305.6K1.1150.29N/AN/A2,0232,24642,67327,096
2026-01-08$39.03$45.0066.4%20.5%56.2%0.0%72.5%-0.5%-5.5%-566.6K21.2M-299.5K1.1444.20N/AN/A1,8522,11743,48728,352
2026-01-09$38.45$45.0066.8%21.1%55.9%0.0%74.9%-0.9%12.2%-1.0M29.4M-287.8K1.0751.52N/AN/A6,8717,35744,31728,945
2026-01-12$40.06$45.0076.7%22.0%58.4%0.0%77.4%0.2%-0.7%-608.6K15.8M-309.8K0.9042.48N/AN/A3,1702,83840,89528,324
2026-01-13$38.91$45.0072.9%21.4%58.0%0.0%73.2%-9.2%-3.0%-837.3K24.4M-303.3K3.0750.25N/AN/A1,9085,85242,50629,323
2026-01-14$39.15$45.0075.4%21.4%57.4%0.0%71.1%-3.4%-3.6%-223.7K15.0M-311.5K1.2958.89N/AN/A1,1101,42743,06627,292
2026-01-15$38.10$45.0082.8%23.5%57.4%0.0%82.4%33.9%0.6%-570.8K23.2M-294.3K0.8760.67N/AN/A1,9861,73643,43827,629
2026-01-16$38.69$45.0087.2%23.6%57.5%0.0%80.1%-10.1%-11.5%-1.1M20.7M-304.1K0.9552.87N/AN/A7,0176,63443,97828,192
2026-01-20$38.70$45.0090.6%25.9%57.4%0.0%85.0%-2.6%4.5%-17.9K13.5M-317.6K0.3654.88N/AN/A4,1951,50635,07626,469
2026-01-21$38.59$45.0084.2%24.1%53.9%0.0%84.1%0.2%9.1%43.4K12.8M-322.4K1.2746.88N/AN/A3,0323,86137,08426,958
2026-01-22$36.53$42.5078.1%22.3%54.8%0.0%89.4%-2.2%2.3%-521.0K27.1M-317.8K1.0247.92N/AN/A2,1042,14338,64429,950
2026-01-23$35.76$42.5082.6%23.3%51.2%0.0%86.0%-2.2%1.7%-672.3K40.6M-292.5K0.9938.02N/AN/A6,1216,05339,79230,552
2026-01-26$35.75$42.5080.3%23.3%51.1%0.0%86.5%-0.7%-0.4%-210.6K31.9M-292.4K0.4236.07N/AN/A2,05185639,35129,884
2026-01-27$34.80$42.5091.7%24.3%49.8%0.0%85.6%-3.0%-6.8%-314.3K36.9M-282.2K0.4546.99N/AN/A2,4091,08840,79030,405
2026-01-28$34.19$42.5074.4%27.1%49.7%0.0%88.9%-4.3%3.1%-415.5K39.2M-270.9K1.4294.70N/AN/A1,6552,35742,33330,876
2026-01-29$32.56$40.5080.0%24.3%51.6%0.0%84.3%-10.0%-1.4%-447.2K49.6M-252.9K1.1433.80N/AN/A6,7397,70243,24931,777
2026-01-30$30.13$40.0086.0%25.5%55.6%0.0%92.7%-6.1%-5.6%-210.5K60.2M-228.9K1.5945.95N/AN/A4,9387,87043,79035,231