IBRN Options History — January 2026

In January 2026, IBRN traded between $27.80 and $34.92. ATM implied volatility averaged 47.0%, placing in the 6.6% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded below realized volatility by 76.4% (HV 20d: 123.4%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2026-01-27: Highest Volume — 2 contracts
2026-01-07: Largest IV spike — 246.4% change
2026-01-07: Highest IV Rank — 41.4%
2026-01-07: Largest Expected Move — 19.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.33	$27.80	$34.92	$32.34	$34.92
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	47.0%	28.1%	146.6%	31.7%	47.9%
Expected Move	10.0%	7.8%	19.8%	9.1%	13.7%
HV 20d	123.4%	79.9%	149.1%	149.1%	79.9%
HV 60d	165.3%	140.0%	179.0%	175.1%	140.0%
IV Rank	6.6%	0.0%	41.4%	1.2%	6.9%
IV Percentile	35.9%	0.0%	93.7%	7.1%	59.5%
Term Structure	-5.9%	-36.1%	1.9%	-7.5%	-4.0%
Skew 25d	2.1%	-27.7%	16.9%	3.7%	15.3%
Skew 10d	6.8%	-27.7%	37.2%	7.2%	25.8%
Call IV 25d	33.8%	22.7%	52.4%	37.8%	22.7%
Put IV 25d	35.9%	24.7%	48.3%	41.5%	38.0%
Bid-Ask Spread %	154.37	137.93	159.72	137.93	158.55
Gamma HHI	0.83	0.41	1.00	0.82	1.00
Net GEX	175	96	306	198	103
Net DEX	-7.0K	-10.6K	-2.9K	-10.1K	-4.9K
Net VEX	-13	-15	-9	-14	-11
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.1	0	2	0	0
Total OI	3.1	2	4	4	2

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	Spread %	Call Wall	Put Wall	Call Vol	Call OI
2026-01-02	$32.34	$25.00	31.7%	9.1%	149.1%	1.2%	0.0%	3.7%	-7.5%	198	-10.1K	-14	137.93	N/A	N/A	0	4
2026-01-05	$31.13	$0.00	37.7%	7.8%	146.0%	3.3%	0.0%	1.0%	-0.8%	207	-9.1K	-14	151.95	N/A	N/A	0	4
2026-01-06	$31.35	$0.00	42.3%	7.9%	146.0%	5.0%	0.0%	0.6%	-3.6%	213	-9.2K	-14	150.29	N/A	N/A	0	4
2026-01-07	$27.80	$0.00	146.6%	19.8%	137.8%	41.4%	0.0%	-27.7%	-36.1%	96	-6.1K	-15	154.28	N/A	N/A	0	4
2026-01-08	$31.33	$0.00	52.8%	8.6%	138.5%	8.6%	0.0%	-1.3%	-4.0%	205	-9.2K	-14	152.17	N/A	N/A	0	4
2026-01-09	$34.00	$0.00	65.4%	9.8%	135.3%	13.0%	0.0%	10.4%	-2.3%	156	-10.6K	-15	155.81	N/A	N/A	0	4
2026-01-12	$32.78	$0.00	70.8%	8.9%	135.9%	14.9%	0.0%	5.0%	1.9%	256	-10.1K	-13	155.01	N/A	N/A	0	4
2026-01-13	$31.38	$0.00	76.0%	8.7%	136.5%	16.7%	0.0%	0.3%	-6.2%	205	-9.3K	-13	158.58	N/A	N/A	0	4
2026-01-14	$31.37	$0.00	31.8%	9.1%	129.2%	1.3%	0.0%	-2.9%	-3.6%	172	-9.4K	-13	155.09	N/A	N/A	0	4
2026-01-15	$31.45	$0.00	36.2%	10.4%	126.0%	2.8%	0.0%	-0.2%	-15.5%	215	-8.9K	-13	144.29	N/A	N/A	0	4
2026-01-16	$30.83	$0.00	36.2%	10.4%	125.8%	2.8%	0.0%	0.2%	-5.6%	129	-9.1K	-12	155.91	N/A	N/A	0	4
2026-01-20	$30.87	$0.00	32.8%	9.4%	120.2%	1.6%	0.0%	-2.0%	-3.9%	155	-2.9K	-12	156.99	N/A	N/A	0	2
2026-01-21	$32.36	$0.00	28.1%	8.1%	121.2%	0.0%	0.0%	0.4%	-3.7%	210	-3.8K	-12	159.41	N/A	N/A	0	2
2026-01-22	$31.57	$0.00	36.7%	10.5%	116.6%	3.0%	0.0%	-2.7%	-7.8%	111	-3.4K	-12	155.87	N/A	N/A	0	2
2026-01-23	$33.53	$0.00	28.4%	8.1%	112.6%	0.1%	0.0%	1.7%	-4.5%	199	-4.7K	-11	154.25	N/A	N/A	0	2
2026-01-26	$34.25	$0.00	31.2%	8.9%	112.8%	1.1%	0.0%	6.6%	-2.8%	131	-4.7K	-11	157.43	N/A	N/A	0	2
2026-01-27	$34.25	$0.00	30.0%	8.6%	104.9%	0.7%	0.0%	7.5%	-2.8%	306	-5.2K	-9	157.55	N/A	N/A	2	2
2026-01-28	$34.25	$0.00	32.9%	9.4%	104.4%	1.7%	0.0%	8.5%	-2.1%	129	-4.7K	-11	159.72	N/A	N/A	0	2
2026-01-29	$34.92	$0.00	44.9%	12.9%	89.7%	5.9%	0.0%	16.9%	-3.9%	107	-4.9K	-11	156.26	N/A	N/A	0	2
2026-01-30	$34.92	$0.00	47.9%	13.7%	79.9%	6.9%	0.0%	15.3%	-4.0%	103	-4.9K	-11	158.55	N/A	N/A	0	2