IMCG Options History — January 2026

In January 2026, IMCG traded between $80.69 and $83.48. ATM implied volatility averaged 19.4%, placing in the 6.7% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 6.1% (HV 20d: 13.3%). Max pain ranged from $76.00 to $78.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2026-01-12: Highest Volume — 14 contracts
2026-01-14: Largest IV drop — 53.3% change
2026-01-13: Highest IV Rank — 22.2%
2026-01-20: Largest Expected Move — 5.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$82.67	$80.69	$83.48	$80.69	$81.76
Max Pain	$76.10	$76.00	$78.00	$78.00	$76.00
ATM IV	19.4%	14.8%	32.0%	18.0%	18.0%
Expected Move	4.7%	4.2%	5.5%	5.1%	5.2%
HV 20d	13.3%	10.0%	15.3%	10.0%	15.3%
HV 60d	14.3%	14.0%	14.8%	14.3%	14.4%
IV Rank	6.7%	1.0%	22.2%	4.9%	5.0%
IV Percentile	34.3%	0.8%	92.9%	21.8%	22.2%
Term Structure	0.3%	-4.1%	4.0%	0.1%	-1.3%
VWIV	14.9%	14.2%	16.0%	16.0%	14.2%
Skew 25d	0.4%	-0.8%	3.5%	1.3%	0.5%
Skew 10d	4.3%	-0.1%	15.1%	15.1%	7.3%
Call IV 25d	16.7%	14.1%	20.8%	20.8%	18.7%
Put IV 25d	17.1%	13.6%	22.1%	22.1%	19.2%
Bid-Ask Spread %	143.07	132.01	158.96	158.96	140.62
Gamma HHI	0.37	0.13	0.55	0.14	0.44
Net GEX	9.7K	3.9K	14.0K	4.8K	13.8K
Net DEX	-116.3K	-154.7K	-59.2K	-59.2K	-143.8K
Net VEX	-330	-491	-193	-210	-491
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	1.75	0	14	0	0
Total OI	23.3	13	33	13	33

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	$80.69	$78.00	18.0%	5.1%	10.0%	4.9%	0.0%	1.3%	0.1%	4.8K	-59.2K	-210	158.96	N/A	N/A	0	13
2026-01-05	$81.76	$76.00	19.1%	4.4%	11.1%	6.4%	0.0%	-0.0%	2.1%	4.5K	-67.3K	-201	145.15	N/A	N/A	0	13
2026-01-06	$83.05	$76.00	18.9%	4.3%	12.3%	6.1%	0.0%	-0.6%	-0.7%	3.9K	-72.6K	-193	136.77	N/A	N/A	0	13
2026-01-07	$82.17	$76.00	21.6%	4.2%	12.9%	9.4%	16.0%	0.8%	0.5%	4.5K	-70.7K	-195	142.24	N/A	N/A	9	13
2026-01-08	$81.72	$76.00	23.2%	4.3%	13.0%	11.4%	14.6%	1.0%	0.4%	6.3K	-83.2K	-255	148.11	N/A	N/A	1	17
2026-01-09	$82.66	$76.00	23.1%	4.6%	13.0%	11.3%	0.0%	-0.1%	0.6%	6.4K	-94.4K	-260	142.82	N/A	N/A	0	18
2026-01-12	$82.90	$76.00	29.2%	4.2%	13.0%	18.7%	14.2%	-0.0%	1.5%	6.7K	-97.0K	-255	140.99	N/A	N/A	14	18
2026-01-13	$82.95	$76.00	32.0%	4.3%	12.0%	22.2%	0.0%	-0.1%	4.0%	10.3K	-128.0K	-328	148.29	N/A	N/A	0	25
2026-01-14	$82.55	$76.00	14.9%	4.3%	12.1%	1.2%	0.0%	-0.0%	1.3%	12.0K	-123.7K	-322	147.53	N/A	N/A	0	25
2026-01-15	$83.41	$76.00	14.8%	4.2%	12.3%	1.0%	0.0%	0.1%	3.7%	10.3K	-134.9K	-319	145.08	N/A	N/A	0	25
2026-01-16	$83.48	$76.00	15.1%	4.3%	11.8%	1.4%	0.0%	1.2%	2.0%	11.2K	-136.9K	-312	144.59	N/A	N/A	3	25
2026-01-20	$81.92	$76.00	19.1%	5.5%	13.9%	6.3%	0.0%	3.5%	-1.0%	10.6K	-112.5K	-356	132.01	N/A	N/A	0	25
2026-01-21	$83.13	$76.00	17.1%	4.9%	14.7%	3.9%	0.0%	-0.8%	-0.8%	11.7K	-118.8K	-351	136.28	N/A	N/A	3	25
2026-01-22	$83.38	$76.00	17.8%	5.1%	14.4%	4.7%	0.0%	1.2%	0.0%	11.9K	-142.0K	-405	139.28	N/A	N/A	1	28
2026-01-23	$82.78	$76.00	16.0%	4.6%	14.7%	2.5%	0.0%	0.7%	-0.5%	11.6K	-137.3K	-426	140.38	N/A	N/A	1	29
2026-01-26	$83.22	$76.00	17.8%	5.1%	14.8%	4.8%	0.0%	-0.4%	0.8%	13.1K	-147.5K	-436	140.14	N/A	N/A	0	30
2026-01-27	$83.48	$76.00	16.3%	4.7%	14.7%	2.9%	0.0%	-0.1%	0.4%	14.0K	-154.2K	-423	145.28	N/A	N/A	0	30
2026-01-28	$83.46	$76.00	18.3%	5.2%	14.7%	5.3%	0.0%	0.3%	-2.8%	13.1K	-154.7K	-415	149.51	N/A	N/A	1	30
2026-01-29	$82.88	$76.00	17.7%	5.1%	14.9%	4.6%	0.0%	-0.2%	-4.1%	13.0K	-148.2K	-445	137.39	N/A	N/A	2	31
2026-01-30	$81.76	$76.00	18.0%	5.2%	15.3%	5.0%	0.0%	0.5%	-1.3%	13.8K	-143.8K	-491	140.62	N/A	N/A	0	33