BRSL Options History — January 2026

In January 2026, BRSL traded between $13.86 and $15.71. ATM implied volatility averaged 27.5%, placing in the 15.0% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 1.0% (HV 20d: 26.4%). Max pain ranged from $14.00 to $16.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 2.18.

Notable Days

2026-01-07: Highest Volume — 20,094 contracts
2026-01-12: Largest IV spike — 50.2% change
2026-01-29: Highest IV Rank — 18.2%
2026-01-13: Largest Expected Move — 9.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.59	$13.86	$15.71	$15.38	$14.40
Max Pain	$15.00	$14.00	$16.00	$14.00	$15.00
ATM IV	27.5%	23.5%	39.8%	23.5%	26.0%
Expected Move	7.8%	6.3%	9.7%	6.7%	7.5%
HV 20d	26.4%	19.2%	30.2%	20.3%	30.2%
HV 60d	22.6%	20.5%	24.0%	20.5%	24.0%
IV Rank	15.0%	12.3%	18.2%	12.3%	12.7%
IV Percentile	35.0%	25.2%	46.9%	25.4%	25.2%
Term Structure	12.4%	-2.3%	41.5%	10.7%	4.6%
VWIV	26.9%	16.5%	31.1%	23.8%	27.4%
Skew 25d	3.7%	-10.1%	51.6%	1.6%	9.8%
Skew 10d	16.9%	-0.1%	83.3%	16.0%	15.9%
Call IV 25d	26.3%	17.9%	36.2%	24.1%	22.8%
Put IV 25d	30.0%	17.4%	77.4%	25.6%	32.6%
Bid-Ask Spread %	101.04	67.99	137.52	87.92	75.97
Gamma HHI	0.41	0.16	0.85	0.59	0.20
Net GEX	243.6K	1.1K	694.2K	639.0K	12.8K
Net DEX	-6.0M	-17.6M	2.2M	-15.6M	1.8M
Net VEX	-30.7K	-40.5K	-22.7K	-40.3K	-26.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.18	0.00	16.56	8.33	1.16
Total Volume	1,199.9	25	20,094	28	190
Total OI	27,835.4	10,316	51,253	51,151	12,448

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	$15.38	$14.00	23.5%	6.7%	20.3%	0.0%	23.8%	1.6%	10.7%	639.0K	-15.6M	-40.3K	8.33	87.92	3	25	28,156	22,995
2026-01-05	$15.43	$16.00	24.5%	6.3%	19.2%	0.0%	24.3%	-7.5%	8.4%	668.1K	-15.9M	-40.5K	0.04	115.76	128	5	28,156	22,994
2026-01-06	$15.71	$15.00	25.7%	7.6%	19.8%	0.0%	16.5%	-5.4%	2.3%	694.2K	-17.6M	-35.1K	0.20	108.60	45	9	28,219	22,995
2026-01-07	$14.96	$15.00	26.5%	7.3%	26.9%	0.0%	28.6%	-9.2%	5.3%	565.1K	-12.4M	-39.9K	2.98	123.96	5,048	15,046	28,259	22,994
2026-01-08	$15.39	$15.00	27.0%	7.7%	27.6%	0.0%	26.7%	3.8%	8.1%	242.5K	-14.3M	-36.3K	0.25	111.39	20	5	24,054	11,130
2026-01-09	$15.07	$15.00	26.5%	7.7%	26.8%	0.0%	27.5%	5.6%	7.8%	192.5K	-13.0M	-35.1K	0.05	110.50	39	2	24,074	11,132
2026-01-12	$14.95	$15.00	39.8%	9.0%	25.9%	0.0%	28.4%	-10.1%	-2.3%	377.8K	-11.6M	-34.0K	16.56	108.78	9	149	24,085	11,071
2026-01-13	$14.60	$15.00	28.8%	9.7%	26.6%	0.0%	31.0%	9.3%	37.2%	607.9K	-9.3M	-32.1K	0.26	127.59	38	10	24,091	11,077
2026-01-14	$14.61	$15.00	25.7%	7.4%	26.6%	0.0%	28.2%	8.9%	19.0%	397.6K	-9.7M	-30.9K	1.35	137.52	110	149	24,112	11,072
2026-01-15	$14.64	$15.00	33.6%	9.6%	26.4%	0.0%	30.9%	3.7%	24.7%	388.4K	-9.6M	-30.2K	3.58	104.98	12	43	24,211	11,074
2026-01-16	$14.32	$15.00	26.7%	7.7%	27.2%	0.0%	27.2%	3.6%	8.1%	21.4K	-8.4M	-25.6K	2.55	100.97	139	355	24,222	11,042
2026-01-20	$13.86	$15.00	23.7%	6.8%	27.6%	0.0%	25.5%	-0.3%	34.9%	3.2K	2.0M	-22.7K	1.84	76.56	69	127	6,696	3,620
2026-01-21	$14.00	$15.00	24.6%	7.1%	28.0%	0.0%	30.6%	-4.8%	-0.6%	4.1K	2.2M	-22.8K	0.35	119.10	99	35	6,825	3,746
2026-01-22	$14.02	$15.00	27.8%	8.0%	28.1%	0.0%	27.3%	-3.1%	8.9%	4.3K	1.8M	-24.7K	0.84	104.97	872	736	6,882	3,786
2026-01-23	$14.07	$15.00	25.8%	7.4%	27.9%	12.3%	19.5%	-1.1%	9.5%	6.4K	2.0M	-26.2K	0.13	77.61	39	5	7,683	4,516
2026-01-26	$14.18	$15.00	26.8%	7.7%	28.3%	13.8%	26.7%	2.1%	9.0%	15.6K	1.5M	-29.1K	0.69	67.99	169	116	7,715	4,521
2026-01-27	$14.20	$15.00	28.1%	8.0%	28.3%	15.8%	0.0%	7.1%	8.3%	14.5K	1.5M	-29.2K	0.00	80.54	32	0	7,707	4,636
2026-01-28	$14.00	$15.00	28.8%	8.3%	28.4%	16.9%	29.6%	51.6%	41.5%	16.0K	1.6M	-27.2K	1.73	105.19	11	19	7,714	4,636
2026-01-29	$14.07	$15.00	29.6%	8.5%	28.5%	18.2%	31.1%	8.8%	3.4%	1.1K	2.0M	-26.0K	0.61	74.80	56	34	7,719	4,643
2026-01-30	$14.40	$15.00	26.0%	7.5%	30.2%	12.7%	27.4%	9.8%	4.6%	12.8K	1.8M	-26.1K	1.16	75.97	88	102	7,772	4,676