BLSH Options History — February 2026

In February 2026, BLSH traded between $25.01 and $32.73. ATM implied volatility averaged 80.6%, placing in the 24.2% IV rank vs the trailing year. The 30-day expected move averaged 23.6%. IV traded below realized volatility by 1.7% (HV 20d: 82.3%). Max pain ranged from $40.00 to $50.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 1.45.

Notable Days

  • 2026-02-10: Highest Volume — 20,126 contracts
  • 2026-02-05: Largest IV drop — 6.4% change
  • 2026-02-23: Highest IV Rank — 33.3%
  • 2026-02-04: Largest Expected Move — 28.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.59$25.01$32.73$29.04$31.66
Max Pain$44.74$40.00$50.00$40.00$40.00
ATM IV80.6%71.3%88.6%84.8%73.8%
Expected Move23.6%21.5%28.0%27.1%21.6%
HV 20d82.3%44.9%95.3%52.2%94.3%
HV 60d70.1%61.9%76.9%64.2%69.4%
IV Rank24.2%14.4%33.3%33.3%21.0%
IV Percentile19.1%10.9%27.8%27.8%15.4%
Term Structure-0.4%-3.8%2.7%2.7%1.5%
VWIV83.4%72.9%100.8%96.0%74.4%
Skew 25d0.8%-17.2%11.4%-7.6%0.2%
Skew 10d8.0%-34.6%54.4%-27.3%5.0%
Call IV 25d83.1%68.0%102.2%93.6%73.7%
Put IV 25d83.9%73.9%96.1%86.0%73.9%
Bid-Ask Spread %54.2025.7572.0245.8155.09
Gamma HHI0.110.060.190.070.19
Net GEX-501.6K-992.9K-93.5K-93.5K-826.7K
Net DEX35.0M12.3M63.3M49.9M20.2M
Net VEX-251.4K-302.9K-169.1K-218.4K-253.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.450.194.271.361.56
Total Volume7,844.1581,60620,1263,68910,873
Total OI86,626.42176,306104,30677,53680,996

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$29.04$40.0084.8%27.1%52.2%0.0%96.0%-7.6%2.7%-93.5K49.9M-218.4K1.3645.81N/AN/A1,5622,12744,85932,677
2026-02-03$27.58$40.0087.8%27.7%44.9%0.0%100.8%-0.8%-1.9%-109.5K54.6M-194.8K2.5754.53N/AN/A2,0055,14345,46932,984
2026-02-04$27.67$40.0088.6%28.0%45.5%0.0%99.7%5.0%-3.8%-168.3K56.7M-203.6K2.8470.90N/AN/A1,8965,39246,44735,307
2026-02-05$25.01$50.0082.9%24.1%52.6%0.0%85.7%3.4%1.3%-376.9K63.3M-169.1K1.8272.02N/AN/A6,44611,72847,49338,308
2026-02-06$26.96$50.0080.9%23.9%62.8%0.0%86.2%0.6%-1.9%-438.1K60.0M-200.0K1.3871.37N/AN/A2,6423,63350,80742,329
2026-02-09$32.34$50.0083.2%24.0%94.9%0.0%83.4%-10.6%0.6%-237.6K28.8M-258.1K1.1067.17N/AN/A6,8747,54343,31440,145
2026-02-10$32.17$50.0080.9%22.8%93.1%0.0%80.3%-0.9%-2.7%-261.7K25.0M-274.7K1.0168.88N/AN/A10,00310,12347,04843,771
2026-02-11$31.49$45.0083.2%23.6%93.0%0.0%86.4%5.6%2.0%-425.4K34.8M-281.7K3.6953.62N/AN/A3,60613,30449,43844,228
2026-02-12$31.55$45.0085.2%23.8%92.9%0.0%86.1%-17.2%-2.5%-748.9K38.8M-302.9K4.2769.23N/AN/A1,2405,29550,43353,873
2026-02-13$31.51$45.0081.8%23.3%92.7%0.0%82.1%11.4%1.1%-906.5K30.6M-299.3K0.3758.90N/AN/A5,8232,15250,13749,719
2026-02-17$32.08$45.0080.2%23.1%92.8%0.0%82.1%1.3%-0.5%-689.4K30.3M-288.3K0.3656.20N/AN/A2,19079046,10644,211
2026-02-18$31.86$45.0079.3%22.7%92.8%0.0%80.7%1.7%-2.4%-818.0K32.6M-271.0K0.3848.96N/AN/A1,26247747,67543,712
2026-02-19$32.13$45.0079.7%22.9%93.0%0.0%81.7%4.0%-1.3%-962.4K30.1M-270.6K1.3247.49N/AN/A69191548,01643,869
2026-02-20$31.61$45.0076.8%22.2%91.4%0.0%75.7%4.3%-1.0%-992.9K29.0M-263.7K1.5364.33N/AN/A4,8357,37448,29942,557
2026-02-23$30.32$45.0078.5%22.7%92.1%33.3%80.0%1.2%-0.2%-495.5K27.9M-249.5K0.4238.15N/AN/A1,63768039,36036,946
2026-02-24$30.73$45.0076.1%21.6%92.4%26.9%75.4%4.3%0.0%-522.0K25.9M-249.5K0.9625.75N/AN/A1,3131,26640,07636,698
2026-02-25$32.69$45.0075.6%21.7%95.3%25.5%75.6%0.7%0.0%-259.5K13.6M-264.7K0.1927.44N/AN/A3,78473240,88037,197
2026-02-26$32.73$40.0071.3%21.5%95.1%14.4%72.9%8.1%2.1%-198.6K12.3M-263.3K0.4133.91N/AN/A1,19049342,97637,542
2026-02-27$31.66$40.0073.8%21.6%94.3%21.0%74.4%0.2%1.5%-826.7K20.2M-253.8K1.5655.09N/AN/A4,2396,63443,34037,656