EVCM Options History — January 2026

In January 2026, EVCM traded between $11.63 and $12.77. ATM implied volatility averaged 75.4%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 25.2%. IV traded above realized volatility by 18.9% (HV 20d: 56.6%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 6.90.

Notable Days

2026-01-20: Highest Volume — 365 contracts
2026-01-26: Largest IV spike — 53.3% change
2026-01-29: Highest IV Rank — 35.9%
2026-01-29: Largest Expected Move — 32.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.15	$11.63	$12.77	$11.63	$12.02
Max Pain	$14.88	$12.50	$15.00	$12.50	$15.00
ATM IV	75.4%	48.0%	112.5%	55.5%	106.5%
Expected Move	25.2%	15.9%	32.2%	15.9%	30.5%
HV 20d	56.6%	36.0%	79.7%	79.7%	41.4%
HV 60d	70.8%	70.1%	71.5%	70.2%	71.4%
IV Rank	21.0%	9.9%	35.9%	12.9%	33.5%
IV Percentile	77.7%	45.6%	94.4%	60.7%	92.9%
Term Structure	3.9%	-40.3%	56.2%	56.2%	-3.6%
VWIV	33.3%	24.1%	42.4%	24.1%	42.4%
Skew 25d	58.0%	-12.0%	87.7%	-12.0%	73.8%
Skew 10d	32.1%	-39.3%	107.7%	-39.3%	11.6%
Call IV 25d	60.9%	35.9%	109.5%	59.4%	74.5%
Put IV 25d	118.9%	47.5%	148.3%	47.5%	148.3%
Bid-Ask Spread %	132.42	93.77	142.23	93.77	132.47
Gamma HHI	0.46	0.34	0.80	0.40	0.35
Net GEX	-1.8K	-11.4K	925	-2.4K	522
Net DEX	149.0K	-197.1K	322.9K	218.2K	66.6K
Net VEX	-576	-1.0K	-300	-1.0K	-423
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	6.90	0.00	72.00	0.00	0.00
Total Volume	21.4	0	365	2	0
Total OI	919.8	368	1,112	1,104	737

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2026-01-02	$11.63	$12.50	55.5%	15.9%	79.7%	12.9%	24.1%	-12.0%	56.2%	-2.4K	218.2K	-1.0K	0.00	93.77	N/A	N/A	2	0	423	681
2026-01-05	$11.95	$15.00	48.0%	26.1%	79.1%	9.9%	0.0%	75.3%	-19.3%	-3.3K	322.9K	-821	0.00	135.05	N/A	N/A	0	0	424	681
2026-01-06	$11.78	$15.00	57.6%	25.6%	79.4%	13.8%	0.0%	72.3%	-20.4%	-3.0K	254.4K	-866	0.00	137.69	N/A	N/A	0	0	424	681
2026-01-07	$12.23	$15.00	50.2%	26.0%	79.1%	10.8%	0.0%	71.4%	-19.3%	-4.5K	245.0K	-877	0.00	137.40	N/A	N/A	0	0	424	681
2026-01-08	$12.10	$15.00	50.3%	26.6%	79.1%	10.8%	0.0%	66.1%	-18.0%	-3.8K	257.8K	-840	0.00	139.01	N/A	N/A	1	0	424	681
2026-01-09	$12.06	$15.00	48.7%	26.7%	77.7%	10.2%	0.0%	72.8%	-15.6%	-4.1K	307.0K	-756	0.00	141.46	N/A	N/A	1	0	424	681
2026-01-12	$12.02	$15.00	66.9%	24.5%	77.3%	17.5%	0.0%	70.3%	-1.4%	-3.5K	232.6K	-704	0.00	142.23	N/A	N/A	0	3	424	681
2026-01-13	$11.84	$15.00	76.5%	30.6%	70.3%	21.4%	0.0%	66.7%	-40.3%	-3.6K	299.0K	-643	0.00	141.16	N/A	N/A	0	3	424	684
2026-01-14	$11.97	$15.00	78.9%	22.6%	55.6%	22.4%	0.0%	52.0%	19.8%	-2.5K	206.1K	-606	0.00	131.61	N/A	N/A	0	0	424	687
2026-01-15	$12.45	$15.00	74.3%	21.3%	57.7%	20.5%	42.4%	70.2%	26.6%	-11.4K	205.8K	-473	0.00	126.68	N/A	N/A	3	0	424	687
2026-01-16	$12.77	$15.00	69.0%	19.8%	45.9%	18.4%	0.0%	73.5%	23.1%	297	-197.1K	-339	1.00	131.00	N/A	N/A	14	14	425	687
2026-01-20	$12.13	$15.00	80.6%	23.1%	43.4%	23.0%	0.0%	83.6%	24.9%	-10	84.3K	-300	72.00	122.68	N/A	N/A	5	360	164	204
2026-01-21	$12.38	$15.00	82.5%	23.7%	36.0%	23.8%	0.0%	3.3%	6.4%	405	88.7K	-341	1.50	127.22	N/A	N/A	2	3	155	565
2026-01-22	$12.66	$15.00	66.9%	19.2%	36.8%	17.6%	0.0%	31.9%	49.3%	925	63.4K	-430	0.75	130.31	N/A	N/A	4	3	157	567
2026-01-23	$12.65	$15.00	72.0%	20.6%	36.7%	19.6%	0.0%	41.6%	37.0%	840	58.3K	-449	0.00	134.33	N/A	N/A	0	3	161	570
2026-01-26	$12.62	$15.00	110.3%	31.6%	36.7%	35.0%	0.0%	30.8%	-11.6%	494	44.5K	-484	0.00	136.13	N/A	N/A	0	0	161	573
2026-01-27	$12.16	$15.00	91.0%	26.1%	39.2%	27.3%	0.0%	42.8%	-3.8%	582	66.0K	-430	0.00	138.04	N/A	N/A	1	0	161	573
2026-01-28	$11.89	$15.00	110.6%	31.7%	39.9%	35.1%	0.0%	87.7%	-2.4%	774	74.3K	-366	0.67	135.45	N/A	N/A	3	2	162	573
2026-01-29	$11.71	$15.00	112.5%	32.2%	40.3%	35.9%	0.0%	85.9%	-9.6%	705	81.5K	-356	0.00	134.75	N/A	N/A	1	0	162	575
2026-01-30	$12.02	$15.00	106.5%	30.5%	41.4%	33.5%	0.0%	73.8%	-3.6%	522	66.6K	-423	0.00	132.47	N/A	N/A	0	0	162	575