BRCC Options History — January 2026

In January 2026, BRCC traded between $0.82 and $1.13. ATM implied volatility averaged 117.0%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 28.3%. IV traded above realized volatility by 74.1% (HV 20d: 43.0%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 2.78.

Notable Days

2026-01-12: Highest Volume — 1,006 contracts
2026-01-28: Largest IV spike — 123.0% change
2026-01-22: Highest IV Rank — 65.6%
2026-01-22: Largest Expected Move — 61.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$0.97	$0.82	$1.13	$1.13	$0.83
Max Pain	$1.00	$1.00	$1.00	$1.00	$1.00
ATM IV	117.0%	60.3%	215.9%	103.9%	76.7%
Expected Move	28.3%	16.5%	61.9%	29.8%	22.0%
HV 20d	43.0%	32.6%	50.6%	33.0%	50.6%
HV 60d	51.5%	48.2%	54.7%	48.2%	50.2%
IV Rank	27.8%	6.0%	65.6%	22.7%	12.3%
IV Percentile	71.5%	9.5%	98.4%	75.4%	31.3%
Term Structure	50.8%	-54.6%	317.3%	-54.6%	41.4%
VWIV	115.8%	63.3%	302.2%	302.2%	113.1%
Skew 25d	25.0%	-29.7%	146.8%	-29.7%	146.8%
Skew 10d	-13.7%	-253.0%	39.2%	-33.2%	-54.5%
Call IV 25d	80.8%	57.8%	124.6%	124.6%	88.3%
Put IV 25d	105.7%	69.9%	235.2%	94.9%	235.2%
Bid-Ask Spread %	85.73	37.44	112.03	37.44	82.64
Gamma HHI	0.52	0.38	0.79	0.52	0.38
Net GEX	4.3K	2.0K	11.6K	5.2K	2.0K
Net DEX	-190.3K	-346.6K	-52.5K	-306.2K	-118.1K
Net VEX	-1.2K	-1.5K	-962	-1.4K	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.78	0.06	19.47	6.06	0.41
Total Volume	342.15	24	1,006	925	24
Total OI	11,834.1	7,294	15,378	14,156	8,639

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2026-01-02	$1.13	$1.00	103.9%	29.8%	33.0%	22.7%	302.2%	-29.7%	-54.6%	5.2K	-306.2K	-1.4K	6.06	37.44	131	794	12,127	2,029
2026-01-05	$1.10	$1.00	81.3%	16.5%	32.6%	14.0%	0.0%	15.4%	57.5%	6.7K	-346.6K	-1.2K	4.75	85.76	102	484	12,244	1,528
2026-01-06	$1.04	$1.00	102.2%	21.4%	36.9%	22.1%	89.1%	22.9%	153.4%	4.9K	-304.8K	-1.5K	1.61	83.15	129	208	12,304	1,751
2026-01-07	$0.98	$1.00	120.3%	18.8%	40.2%	29.0%	78.9%	27.2%	13.5%	5.4K	-167.9K	-1.1K	0.29	90.44	584	167	12,383	1,910
2026-01-08	$1.00	$1.00	127.2%	21.1%	40.6%	31.6%	0.0%	19.6%	26.4%	5.8K	-205.4K	-1.3K	19.47	90.77	17	331	12,888	1,964
2026-01-09	$1.00	$1.00	135.9%	21.2%	37.6%	35.0%	91.4%	20.8%	7.3%	5.1K	-213.9K	-1.3K	0.10	78.44	374	38	12,904	2,197
2026-01-12	$1.00	$1.00	180.8%	19.2%	37.6%	52.2%	75.7%	24.3%	11.3%	5.7K	-231.5K	-1.3K	0.11	91.26	906	100	13,219	2,159
2026-01-13	$1.04	$1.00	150.5%	35.1%	40.9%	40.6%	76.3%	-26.6%	6.2%	5.3K	-248.0K	-1.1K	5.30	112.03	10	53	12,582	2,129
2026-01-14	$0.98	$1.00	124.7%	35.8%	44.6%	30.7%	63.3%	6.0%	19.1%	6.5K	-139.2K	-962	2.79	109.99	19	53	12,580	2,131
2026-01-15	$0.99	$1.00	135.0%	38.7%	45.2%	34.6%	103.4%	34.2%	317.3%	11.6K	-197.7K	-1.1K	0.06	98.70	559	36	12,585	2,128
2026-01-16	$0.98	$1.00	102.9%	29.5%	45.0%	22.3%	102.9%	39.5%	108.2%	2.4K	-52.5K	-1.2K	0.09	83.71	215	20	13,129	2,125
2026-01-20	$0.95	$1.00	104.5%	29.9%	44.4%	22.9%	130.1%	0.5%	-3.5%	2.2K	-136.6K	-1.1K	0.69	91.30	424	293	6,366	928
2026-01-21	$0.98	$1.00	109.9%	31.5%	47.0%	25.0%	109.9%	35.5%	7.0%	2.6K	-148.3K	-1.3K	0.85	85.01	87	74	7,124	1,212
2026-01-22	$0.97	$1.00	215.9%	61.9%	46.9%	65.6%	244.6%	-3.1%	19.3%	2.8K	-244.2K	-1.5K	0.80	87.14	30	24	7,173	1,270
2026-01-23	$0.96	$1.00	84.9%	24.3%	46.1%	15.4%	85.8%	35.6%	7.9%	2.5K	-129.0K	-1.2K	0.09	84.53	180	17	7,202	1,267
2026-01-26	$0.94	$1.00	99.6%	28.6%	43.3%	21.1%	0.0%	48.8%	58.5%	2.8K	-182.8K	-1.3K	0.24	86.57	63	15	7,360	1,268
2026-01-27	$0.88	$1.00	60.3%	17.3%	47.2%	6.0%	70.8%	-6.1%	94.3%	2.4K	-136.9K	-1.2K	9.10	69.73	10	91	7,361	1,273
2026-01-28	$0.83	$1.00	134.5%	38.6%	49.7%	34.4%	0.0%	80.7%	62.5%	2.1K	-202.0K	-1.3K	2.55	84.22	29	74	7,367	1,257
2026-01-29	$0.82	$1.00	90.0%	25.8%	49.6%	17.4%	113.1%	6.8%	63.6%	2.0K	-93.2K	-977	0.28	81.72	61	17	7,388	1,231
2026-01-30	$0.83	$1.00	76.7%	22.0%	50.6%	12.3%	0.0%	146.8%	41.4%	2.0K	-118.1K	-1.1K	0.41	82.64	17	7	7,408	1,231