BOX Options History — January 2026

In January 2026, BOX traded between $25.34 and $30.09. ATM implied volatility averaged 28.2%, placing in the 24.1% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 1.4% (HV 20d: 29.6%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 1.69.

Notable Days

  • 2026-01-15: Highest Volume — 7,160 contracts
  • 2026-01-12: Largest IV spike — 19.4% change
  • 2026-01-13: Highest IV Rank — 34.1%
  • 2026-01-29: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.46$25.34$30.09$28.78$25.34
Max Pain$29.15$28.00$30.00$30.00$28.00
ATM IV28.2%23.9%32.6%24.1%31.5%
Expected Move7.9%6.9%9.2%6.9%9.0%
HV 20d29.6%20.7%34.8%21.2%34.8%
HV 60d30.0%27.3%31.8%27.3%31.8%
IV Rank24.1%14.5%34.1%14.8%31.7%
IV Percentile68.4%46.4%78.6%48.8%77.4%
Term Structure6.9%-0.3%10.1%-0.3%7.5%
VWIV28.6%24.7%36.2%24.7%32.9%
Skew 25d1.3%-0.9%4.1%-0.3%1.8%
Skew 10d2.6%-4.1%9.2%-3.8%-4.1%
Call IV 25d28.3%25.4%31.2%26.4%30.9%
Put IV 25d29.6%25.7%33.6%26.1%32.7%
Bid-Ask Spread %73.5960.9988.7688.7687.75
Gamma HHI0.160.110.430.110.16
Net GEX102.3K-985.9K452.2K55.5K161.7K
Net DEX-4.1M-13.6M10.3M-5.5M-2.2M
Net VEX-112.2K-139.0K-89.4K-126.8K-89.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.690.069.951.580.70
Total Volume1,090.65597,1601,054255
Total OI31,224.118,17244,44740,07119,730

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$28.78$30.0024.1%6.9%21.2%14.8%24.7%-0.3%-0.3%55.5K-5.5M-126.8K1.5888.76N/AN/A40964529,11810,953
2026-01-05$28.63$30.0026.1%7.0%20.7%19.3%25.5%-0.3%7.1%58.0K-5.0M-125.0K0.7069.91N/AN/A17912629,37011,032
2026-01-06$28.98$30.0025.8%7.2%21.5%18.8%24.7%1.8%6.4%128.7K-8.7M-129.7K1.1171.22N/AN/A9210229,47910,763
2026-01-07$30.09$30.0027.1%7.2%26.0%21.8%25.7%0.9%7.6%452.2K-13.6M-136.0K0.6164.09N/AN/A36722429,51810,768
2026-01-08$29.52$30.0025.7%7.5%26.8%18.6%26.3%1.2%6.1%233.7K-12.0M-139.0K8.9360.99N/AN/A4641129,82410,893
2026-01-09$29.76$30.0023.9%7.1%25.8%14.5%24.8%0.0%6.7%225.0K-12.5M-136.1K1.3064.75N/AN/A739529,82710,951
2026-01-12$29.55$30.0028.6%7.0%25.9%25.0%24.7%0.9%7.2%134.0K-12.2M-136.4K0.2567.95N/AN/A1533929,80811,032
2026-01-13$28.38$30.0032.6%7.8%29.4%34.1%28.0%1.7%6.8%-29.5K-4.7M-116.2K9.9567.71N/AN/A3903,88029,91611,033
2026-01-14$27.29$29.0026.6%7.6%31.7%20.5%27.4%-0.9%10.1%-985.9K7.8M-114.0K1.2472.97N/AN/A1,6562,05130,21114,236
2026-01-15$26.69$29.0028.1%8.0%31.6%23.8%31.1%1.3%4.9%-404.9K10.3M-99.3K1.4073.23N/AN/A2,9894,17129,57112,417
2026-01-16$26.06$29.0026.1%7.5%31.9%19.5%26.4%1.8%7.6%143.8K10.0M-99.1K0.8076.27N/AN/A22217831,34811,834
2026-01-20$26.06$29.0030.2%8.7%32.0%28.7%30.5%4.1%6.4%185.3K-2.7M-91.8K0.2673.96N/AN/A3589215,4102,762
2026-01-21$26.05$29.0028.4%8.1%31.6%24.5%28.7%3.6%6.9%215.0K-4.1M-101.7K0.5873.67N/AN/A30217415,5092,780
2026-01-22$26.52$29.0028.0%8.0%32.9%23.8%36.2%2.7%9.1%241.7K-4.8M-104.8K0.0678.13N/AN/A7564815,5452,789
2026-01-23$26.41$29.0028.8%8.3%32.8%25.6%30.8%-0.8%6.1%261.0K-4.6M-100.2K0.7669.35N/AN/A23217616,0052,830
2026-01-26$26.91$28.0029.7%8.5%33.9%27.6%30.9%1.6%8.9%292.0K-5.3M-106.6K1.2574.98N/AN/A8510616,1812,985
2026-01-27$26.46$28.0030.1%8.6%33.6%28.6%29.7%2.1%7.4%253.8K-4.4M-99.7K0.4477.22N/AN/A411816,2283,026
2026-01-28$26.38$28.0029.9%8.6%32.7%28.0%29.9%0.3%8.2%263.0K-4.6M-101.0K0.8580.10N/AN/A15813516,2583,037
2026-01-29$25.34$28.0032.2%9.2%34.7%33.3%32.1%2.4%6.6%162.3K-2.3M-91.9K1.1178.87N/AN/A18019916,3663,139
2026-01-30$25.34$28.0031.5%9.0%34.8%31.7%32.9%1.8%7.5%161.7K-2.2M-89.4K0.7087.75N/AN/A15010516,4943,236