BULL Options History — March 2026

In March 2026, BULL traded between $4.63 and $6.17. ATM implied volatility averaged 71.3%, placing in the 17.0% IV rank vs the trailing year. The 30-day expected move averaged 20.6%. IV traded above realized volatility by 12.4% (HV 20d: 58.9%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.34.

Notable Days

  • 2026-03-04: Highest Volume — 122,239 contracts
  • 2026-03-05: Largest IV drop — 11.9% change
  • 2026-03-04: Highest IV Rank — 31.9%
  • 2026-03-04: Largest Expected Move — 27.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.36$4.63$6.17$6.04$4.80
Max Pain$5.33$5.00$7.50$7.50$5.00
ATM IV71.3%63.9%83.7%80.8%65.5%
Expected Move20.6%18.2%27.0%25.3%18.8%
HV 20d58.9%46.8%85.2%81.4%53.8%
HV 60d58.7%56.7%60.4%59.3%60.3%
IV Rank17.0%8.2%31.9%28.3%10.2%
IV Percentile24.7%10.8%51.0%41.9%15.6%
Term Structure1.0%-9.3%16.9%0.5%-0.2%
VWIV72.9%63.6%98.4%89.0%64.6%
Skew 25d-1.8%-18.5%11.2%-0.9%6.2%
Skew 10d3.6%-13.6%39.9%3.6%20.6%
Call IV 25d75.0%64.4%89.4%85.0%65.3%
Put IV 25d73.2%65.6%89.9%84.2%71.5%
Bid-Ask Spread %24.278.6758.318.6713.94
Gamma HHI0.140.120.340.140.14
Net GEX859.2K-320.2K1.7M1.3M769.0K
Net DEX-33.2M-67.5M-12.6M-55.2M-21.8M
Net VEX-734.1K-925.5K-544.0K-887.6K-603.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.071.480.150.14
Total Volume49,995.47619,771122,23962,81628,793
Total OI856,126.19767,615945,537816,544800,229

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$6.04$7.5080.8%25.3%81.4%28.3%89.0%-0.9%0.5%1.3M-55.2M-887.6K0.158.67N/AN/A54,8118,005704,072112,472
2026-03-03$5.96$7.5082.5%26.4%81.1%30.4%96.8%-2.7%-2.8%1.4M-53.3M-864.5K0.2633.83N/AN/A30,1377,860731,517115,311
2026-03-04$6.17$7.0083.7%27.0%81.9%31.9%98.4%-18.5%-3.5%1.7M-67.5M-925.5K0.1617.39N/AN/A105,71516,524744,923119,605
2026-03-05$5.75$5.0073.7%20.6%85.2%19.9%72.8%-7.9%-3.1%1.0M-38.8M-809.3K0.1426.91N/AN/A103,26714,201805,546131,606
2026-03-06$5.46$5.0074.1%21.0%73.4%20.3%73.8%1.5%-9.3%-320.2K-25.2M-752.6K0.7741.50N/AN/A52,68640,526817,352128,185
2026-03-09$5.54$5.0074.5%21.4%56.6%20.9%77.4%-2.3%2.0%936.0K-36.9M-776.9K0.1039.50N/AN/A45,9254,551753,141116,709
2026-03-10$5.54$5.0072.5%20.7%54.9%18.5%76.9%-0.2%-1.6%1.1M-40.6M-787.4K0.1125.11N/AN/A34,1403,728768,002117,313
2026-03-11$5.46$5.0069.1%20.3%54.8%14.4%74.0%-0.9%1.9%1.0M-36.7M-768.5K0.1558.31N/AN/A23,2063,563777,773117,473
2026-03-12$5.36$5.0071.2%20.6%48.2%16.9%72.1%-3.2%-0.4%840.6K-33.6M-760.6K0.1912.90N/AN/A28,1985,359780,001118,911
2026-03-13$5.26$5.0070.9%20.4%47.1%16.6%73.4%-1.9%-0.0%918.4K-27.9M-719.5K1.4813.38N/AN/A21,92032,502784,254119,305
2026-03-16$5.29$5.0073.6%20.1%46.8%19.8%72.4%11.2%1.3%671.6K-29.5M-734.2K0.1412.14N/AN/A31,5494,453751,533117,394
2026-03-17$5.46$5.0070.5%18.9%48.4%16.1%66.7%-4.6%-1.3%967.2K-35.8M-756.0K0.169.84N/AN/A27,2954,443763,874118,940
2026-03-18$5.22$5.0070.1%19.0%50.4%15.6%66.2%-9.8%3.4%726.0K-27.7M-714.7K0.1832.93N/AN/A23,5314,140775,896118,645
2026-03-20$5.08$5.0068.8%18.9%50.7%14.1%65.5%-6.0%1.3%494.1K-24.6M-675.7K1.3217.57N/AN/A25,02233,134787,288116,320
2026-03-23$5.34$5.0063.9%18.2%54.7%8.2%64.0%3.6%3.3%802.4K-32.3M-705.4K0.1617.80N/AN/A34,3075,572669,777108,589
2026-03-24$5.13$5.0065.7%18.8%53.9%10.4%65.0%-0.4%0.8%859.4K-26.3M-677.8K0.1918.61N/AN/A24,1354,694687,753109,398
2026-03-25$5.21$5.0064.5%18.4%53.8%8.9%63.6%-0.0%3.3%995.5K-30.8M-696.1K0.2526.55N/AN/A15,8583,913692,891110,302
2026-03-26$5.04$5.0065.4%18.8%53.4%10.0%63.9%0.1%1.8%693.8K-22.7M-643.8K0.8639.06N/AN/A18,29615,721695,786110,809
2026-03-27$4.88$5.0066.7%19.2%52.4%11.6%66.3%1.0%7.6%654.2K-17.0M-612.6K0.2231.37N/AN/A34,3087,557701,023111,117
2026-03-30$4.63$5.0068.6%19.5%53.7%13.9%68.0%-1.7%16.9%497.9K-12.6M-544.0K0.0712.44N/AN/A61,9164,444672,11395,502
2026-03-31$4.80$5.0065.5%18.8%53.8%10.2%64.6%6.2%-0.2%769.0K-21.8M-603.6K0.1413.94N/AN/A25,1953,598703,84996,380