BULL Options History — January 2026

In January 2026, BULL traded between $7.01 and $8.70. ATM implied volatility averaged 62.8%, placing in the 6.9% IV rank vs the trailing year. The 30-day expected move averaged 17.9%. IV traded above realized volatility by 17.7% (HV 20d: 45.1%). Max pain ranged from $8.50 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.27.

Notable Days

  • 2026-01-21: Highest Volume — 111,152 contracts
  • 2026-01-08: Largest IV spike — 8.1% change
  • 2026-01-20: Highest IV Rank — 13.3%
  • 2026-01-20: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.03$7.01$8.70$8.20$7.01
Max Pain$9.63$8.50$10.00$10.00$8.50
ATM IV62.8%59.4%68.2%59.6%63.1%
Expected Move17.9%16.0%19.6%16.0%17.3%
HV 20d45.1%37.6%56.4%56.4%41.2%
HV 60d51.5%49.7%54.5%53.6%50.5%
IV Rank6.9%2.9%13.3%3.1%7.3%
IV Percentile8.0%1.9%17.6%1.9%10.7%
Term Structure3.0%-3.6%10.5%2.5%3.9%
VWIV66.0%58.7%71.3%58.7%62.0%
Skew 25d-5.0%-11.9%4.2%-1.8%-5.7%
Skew 10d-3.1%-27.1%35.2%3.6%8.5%
Call IV 25d66.1%55.4%71.1%61.7%66.7%
Put IV 25d61.1%54.2%65.6%59.9%61.0%
Bid-Ask Spread %26.659.5556.3818.2956.38
Gamma HHI0.130.110.140.120.11
Net GEX1.8M901.6K3.0M1.8M901.6K
Net DEX-62.8M-92.6M-31.5M-63.2M-31.5M
Net VEX-1.2M-1.4M-1.0M-1.3M-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.070.880.110.41
Total Volume68,553.2523,932111,15283,137100,315
Total OI1,018,406.25785,1191,186,8151,132,482916,191

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$8.20$10.0059.6%16.0%56.4%3.1%58.7%-1.8%2.5%1.8M-63.2M-1.3M0.1118.29N/AN/A75,0808,057949,412183,070
2026-01-05$8.54$10.0061.1%18.1%55.8%4.9%68.3%4.2%4.9%2.6M-83.8M-1.4M0.3917.77N/AN/A71,63227,843933,267177,486
2026-01-06$8.70$10.0061.0%18.4%56.3%4.8%67.6%-11.9%0.4%3.0M-92.6M-1.4M0.1219.98N/AN/A40,3404,687957,953190,522
2026-01-07$8.48$10.0059.4%17.6%55.6%2.9%68.1%-5.6%2.0%2.6M-75.6M-1.3M0.1630.73N/AN/A20,7053,227969,490190,735
2026-01-08$8.41$10.0064.2%18.2%51.6%8.6%68.3%-10.0%-3.6%2.3M-68.6M-1.3M0.5519.98N/AN/A26,29114,369972,291192,252
2026-01-09$8.36$10.0060.5%17.4%51.2%4.2%66.3%-4.3%5.7%1.9M-65.0M-1.3M0.2020.61N/AN/A43,4188,683977,988192,396
2026-01-12$8.36$10.0062.7%18.5%49.3%6.8%68.7%-7.0%0.6%1.9M-61.8M-1.3M0.0820.67N/AN/A82,4376,325948,247180,026
2026-01-13$8.25$10.0063.7%17.6%45.6%7.9%67.5%-9.0%4.4%1.8M-51.0M-1.2M0.1719.50N/AN/A43,6277,310949,687182,842
2026-01-14$8.34$10.0065.8%19.1%39.9%10.5%68.2%-4.5%5.3%2.2M-60.5M-1.2M0.0836.68N/AN/A49,4383,871959,378185,951
2026-01-15$8.18$10.0065.9%18.2%40.3%10.7%70.8%-4.7%-0.6%2.0M-52.6M-1.2M0.2735.33N/AN/A84,76923,235974,252186,578
2026-01-16$8.18$10.0063.2%18.1%39.9%7.4%69.3%-6.3%0.2%2.2M-58.9M-1.2M0.8819.48N/AN/A43,97338,807997,883188,932
2026-01-20$7.86$10.0068.2%19.6%42.2%13.3%71.3%-6.4%-0.5%1.1M-64.3M-1.1M0.1954.18N/AN/A60,35511,500646,141138,978
2026-01-21$7.78$10.0064.3%18.4%41.9%8.6%64.7%-5.2%2.6%979.2K-60.3M-1.1M0.2125.43N/AN/A92,21018,942671,551146,168
2026-01-22$7.83$10.0062.2%18.0%40.0%6.2%65.4%-3.6%0.8%1.2M-72.3M-1.2M0.1423.04N/AN/A39,1345,578712,520158,956
2026-01-23$7.83$9.5061.2%17.3%39.0%5.1%64.8%-3.7%2.8%1.9M-67.7M-1.2M0.7811.62N/AN/A42,88433,296719,616157,163
2026-01-26$7.71$9.0062.1%16.9%39.2%6.1%62.5%-3.9%3.2%1.3M-65.4M-1.1M0.119.55N/AN/A51,0005,560692,285150,011
2026-01-27$7.63$8.5060.4%17.2%37.9%4.0%61.1%-1.4%10.5%1.2M-60.4M-1.1M0.1314.50N/AN/A44,3235,862711,173152,182
2026-01-28$7.63$8.5063.1%17.6%37.6%7.3%63.7%-4.9%9.1%1.4M-62.0M-1.1M0.0742.76N/AN/A40,5082,638718,753153,473
2026-01-29$7.30$8.5063.3%17.7%40.3%7.5%62.5%-4.5%5.9%933.6K-39.3M-1.0M0.3436.52N/AN/A66,38122,455728,482153,844
2026-01-30$7.01$8.5063.1%17.3%41.2%7.3%62.0%-5.7%3.9%901.6K-31.5M-1.0M0.4156.38N/AN/A71,06729,248754,401161,790