BULL Options History — February 2026

In February 2026, BULL traded between $5.64 and $6.83. ATM implied volatility averaged 77.5%, placing in the 24.4% IV rank vs the trailing year. The 30-day expected move averaged 22.3%. IV traded above realized volatility by 9.7% (HV 20d: 67.8%). Max pain ranged from $7.50 to $8.50. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.30.

Notable Days

  • 2026-02-05: Highest Volume — 156,755 contracts
  • 2026-02-17: Largest IV spike — 14.2% change
  • 2026-02-17: Highest IV Rank — 35.6%
  • 2026-02-17: Largest Expected Move — 25.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.16$5.64$6.83$6.83$5.83
Max Pain$7.55$7.50$8.50$8.50$7.50
ATM IV77.5%68.3%86.8%68.3%80.1%
Expected Move22.3%17.9%25.1%18.0%23.9%
HV 20d67.8%26.2%80.9%32.8%80.6%
HV 60d58.5%49.5%62.3%49.5%58.6%
IV Rank24.4%13.4%35.6%13.4%27.5%
IV Percentile35.1%21.8%55.0%21.8%40.1%
Term Structure-1.9%-12.7%4.7%-8.9%-1.0%
VWIV80.9%63.8%87.9%63.8%85.8%
Skew 25d0.1%-5.2%33.9%2.0%-3.3%
Skew 10d17.4%-11.0%81.7%81.7%17.0%
Call IV 25d80.0%71.6%85.8%71.7%83.7%
Put IV 25d80.1%72.3%112.9%73.7%80.4%
Bid-Ask Spread %23.4811.2259.5059.5029.25
Gamma HHI0.150.120.470.130.15
Net GEX813.2K-1.8M1.6M886.8K1.3M
Net DEX-38.2M-66.6M-4.8M-32.3M-42.5M
Net VEX-888.5K-1.0M-774.3K-931.8K-841.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.051.100.411.07
Total Volume68,320.52626,407156,755133,71854,751
Total OI897,265.211788,457955,048846,487854,879

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$6.83$8.5068.3%18.0%32.8%13.4%63.8%2.0%-8.9%886.8K-32.3M-931.8K0.4159.50N/AN/A94,62639,092712,748133,739
2026-02-03$6.63$7.5069.8%17.9%27.8%15.2%66.1%3.4%-0.2%986.3K-30.6M-939.7K0.2621.26N/AN/A87,71122,433743,441135,473
2026-02-04$6.67$7.5073.3%19.3%26.2%19.4%70.5%-3.1%4.7%972.8K-37.9M-954.6K0.0542.78N/AN/A107,4185,620755,499145,473
2026-02-05$5.84$7.5077.8%22.7%49.9%24.7%87.9%33.9%-1.9%643.2K-4.8M-774.3K0.2619.66N/AN/A124,30832,447780,845145,571
2026-02-06$6.61$7.5074.4%22.6%71.1%20.7%81.7%0.0%-2.1%1.0M-53.7M-999.7K0.2035.08N/AN/A121,38724,688801,410145,008
2026-02-09$6.81$7.5077.5%22.2%72.6%24.5%78.5%-4.6%-1.1%1.3M-66.6M-1.0M0.1615.74N/AN/A42,5526,637773,992140,272
2026-02-10$6.69$7.5077.7%22.1%72.5%24.7%83.6%2.8%-1.5%1.3M-62.4M-1.0M0.1718.26N/AN/A27,5484,613792,255142,912
2026-02-11$6.17$7.5075.8%22.6%76.7%22.4%82.9%-1.9%4.1%602.6K-31.4M-905.7K0.1415.53N/AN/A36,4525,002799,031143,678
2026-02-12$5.94$7.5075.0%21.6%76.5%21.5%79.1%0.3%-0.3%296.5K-26.8M-859.6K0.7319.61N/AN/A43,83232,132801,372141,131
2026-02-13$6.01$7.5076.0%22.3%77.1%22.7%80.0%-1.7%2.9%-1.8M-30.6M-851.8K0.2018.65N/AN/A41,5648,191808,648146,400
2026-02-17$5.89$7.5086.8%25.1%76.9%35.6%85.6%-1.9%-12.7%707.3K-32.5M-854.7K0.1414.51N/AN/A32,6934,552789,241130,775
2026-02-18$5.92$7.5078.1%22.4%76.8%25.2%80.6%-5.2%0.5%830.3K-31.3M-833.7K0.1720.17N/AN/A23,7254,145804,565132,117
2026-02-19$5.95$7.5080.1%23.1%77.1%27.6%84.8%-4.3%-3.0%897.6K-32.9M-849.0K0.2418.24N/AN/A21,2815,126812,796133,210
2026-02-20$5.92$7.5079.8%23.1%76.8%27.2%83.2%-2.8%-2.6%1.1M-36.2M-842.8K1.1020.67N/AN/A28,58931,373820,733126,155
2026-02-23$5.64$7.5081.6%23.7%77.5%29.3%87.9%-2.8%-4.0%719.9K-33.9M-820.1K0.1411.22N/AN/A30,3734,231676,026112,431
2026-02-24$5.74$7.5080.7%23.7%78.5%28.3%86.8%-0.7%-7.0%810.0K-36.6M-824.3K0.0816.70N/AN/A47,3603,842689,045114,668
2026-02-25$5.89$7.5078.0%23.7%79.8%25.1%83.8%-4.1%-2.2%1.2M-47.9M-853.0K0.0516.35N/AN/A62,3563,158702,145115,368
2026-02-26$6.05$7.5080.8%23.7%80.9%28.4%85.1%-3.5%0.3%1.6M-55.6M-858.4K0.0932.99N/AN/A29,5962,686728,935116,052
2026-02-27$5.83$7.5080.1%23.9%80.6%27.5%85.8%-3.3%-1.0%1.3M-42.5M-841.4K1.0729.25N/AN/A26,49728,254739,040115,839