BRSL Options History — February 2026

In February 2026, BRSL traded between $13.04 and $14.38. ATM implied volatility averaged 34.4%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 6.7% (HV 20d: 27.7%). Max pain ranged from $12.00 to $15.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.51.

Notable Days

2026-02-18: Highest Volume — 3,405 contracts
2026-02-05: Largest IV spike — 70.0% change
2026-02-23: Highest IV Rank — 40.1%
2026-02-23: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.83	$13.04	$14.38	$14.32	$13.52
Max Pain	$13.32	$12.00	$15.00	$15.00	$12.00
ATM IV	34.4%	21.1%	43.8%	22.2%	31.0%
Expected Move	10.1%	6.0%	12.6%	6.4%	8.9%
HV 20d	27.7%	22.6%	32.1%	30.2%	32.1%
HV 60d	25.4%	23.9%	27.3%	24.0%	27.3%
IV Rank	25.6%	5.0%	40.1%	6.8%	20.4%
IV Percentile	63.9%	1.5%	91.1%	2.3%	55.3%
Term Structure	-0.4%	-13.1%	18.9%	18.9%	7.5%
VWIV	34.0%	17.4%	46.4%	30.5%	29.5%
Skew 25d	7.7%	-7.4%	46.5%	7.5%	11.5%
Skew 10d	28.0%	-12.5%	150.7%	29.4%	85.2%
Call IV 25d	31.3%	18.4%	42.1%	24.6%	25.5%
Put IV 25d	39.0%	24.7%	75.3%	32.1%	37.0%
Bid-Ask Spread %	110.26	72.53	132.24	98.68	103.50
Gamma HHI	0.24	0.19	0.38	0.19	0.38
Net GEX	15.9K	-24.4K	64.2K	18.7K	-24.4K
Net DEX	1.2M	-263.9K	2.0M	1.3M	-263.9K
Net VEX	-27.5K	-30.9K	-21.9K	-30.2K	-29.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.51	0.00	2.88	2.88	0.82
Total Volume	347.368	4	3,405	167	60
Total OI	14,098.263	12,581	16,117	12,581	16,115

Daily Data (19 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
2026-02-02	$14.32	$15.00	22.2%	6.4%	30.2%	6.8%	30.5%	7.5%	18.9%	18.7K	1.3M	-30.2K	2.88	98.68	43	124	7,803	4,778
2026-02-03	$14.15	$14.00	31.9%	9.1%	30.2%	21.7%	17.4%	24.6%	6.4%	11.3K	1.4M	-30.4K	0.60	72.53	50	30	7,823	4,798
2026-02-04	$14.38	$14.00	21.1%	6.0%	30.0%	5.0%	21.7%	11.3%	18.1%	10.0K	1.5M	-29.4K	0.09	115.79	47	4	7,854	4,808
2026-02-05	$14.07	$15.00	35.8%	11.2%	26.0%	27.7%	36.4%	13.8%	-5.1%	8.8K	1.7M	-27.9K	0.36	120.90	22	8	7,859	4,812
2026-02-06	$14.29	$15.00	27.5%	10.7%	24.3%	15.0%	41.4%	-3.1%	-1.2%	4.7K	1.2M	-30.9K	0.86	111.66	14	12	7,854	4,816
2026-02-09	$14.25	$15.00	32.7%	10.0%	23.4%	23.1%	32.8%	8.5%	-4.7%	530	1.8M	-27.2K	0.08	113.25	13	1	7,861	4,826
2026-02-10	$14.38	$15.00	40.3%	11.2%	23.7%	34.8%	38.0%	9.0%	-5.0%	8.2K	1.2M	-30.5K	0.04	119.04	52	2	7,872	4,826
2026-02-11	$14.21	$15.00	37.8%	10.8%	22.6%	30.8%	34.1%	12.4%	-3.3%	19.5K	1.1M	-29.9K	0.00	120.61	0	4	7,874	4,828
2026-02-12	$13.52	$15.00	34.1%	9.8%	28.3%	25.1%	46.4%	0.5%	-13.1%	-13.2K	2.0M	-27.9K	0.09	132.24	1,113	102	7,875	4,829
2026-02-13	$13.41	$12.00	41.8%	12.0%	28.3%	37.1%	34.5%	8.5%	-1.4%	23.3K	1.4M	-24.3K	0.09	126.42	56	5	9,246	4,833
2026-02-17	$13.44	$12.00	43.6%	12.5%	27.6%	39.8%	41.5%	-7.4%	-12.5%	21.6K	1.6M	-22.7K	0.38	104.96	78	30	9,254	4,838
2026-02-18	$13.58	$12.00	34.8%	10.0%	25.6%	26.3%	39.9%	-4.4%	-1.9%	7.3K	1.4M	-21.9K	0.29	112.06	2,641	764	9,286	4,850
2026-02-19	$13.58	$12.00	42.0%	12.0%	25.3%	37.3%	42.8%	-6.5%	-0.6%	64.0K	614.1K	-28.8K	0.03	128.47	36	1	10,621	5,215
2026-02-20	$13.50	$12.00	40.3%	11.6%	25.3%	34.7%	30.1%	7.1%	-5.2%	64.2K	1.1M	-28.0K	1.34	121.68	47	63	10,657	5,215
2026-02-23	$13.04	$12.00	43.8%	12.6%	27.8%	40.1%	41.4%	-0.7%	-8.3%	63.1K	1.7M	-24.7K	0.83	102.72	484	401	10,449	5,021
2026-02-24	$13.56	$12.00	33.8%	9.7%	31.5%	24.7%	31.2%	46.5%	5.0%	5.6K	704.3K	-24.8K	0.22	101.42	184	41	10,655	5,413
2026-02-25	$13.77	$12.00	29.8%	8.5%	32.1%	18.5%	28.7%	6.6%	1.3%	-12.9K	283.1K	-25.8K	0.12	98.62	25	3	10,684	5,402
2026-02-26	$13.75	$12.00	28.9%	8.3%	31.7%	17.1%	26.7%	0.8%	-1.7%	22.1K	129.1K	-27.1K	0.00	90.39	40	0	10,714	5,403
2026-02-27	$13.52	$12.00	31.0%	8.9%	32.1%	20.4%	29.5%	11.5%	7.5%	-24.4K	-263.9K	-29.4K	0.82	103.50	33	27	10,712	5,403