IPOS Options History — January 2026

In January 2026, IPOS traded between $17.08 and $19.77. ATM implied volatility averaged 50.3%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 22.6% (HV 20d: 27.7%). Max pain ranged from $15.00 to $17.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2026-01-23: Highest Volume — 50 contracts
  • 2026-01-14: Largest IV drop — 61.5% change
  • 2026-01-13: Highest IV Rank — 39.0%
  • 2026-01-02: Largest Expected Move — 15.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.60$17.08$19.77$17.08$19.05
Max Pain$16.68$15.00$17.00$15.00$17.00
ATM IV50.3%36.1%93.7%53.5%41.9%
Expected Move11.1%9.8%15.3%15.3%12.0%
HV 20d27.7%24.1%29.4%24.1%27.9%
HV 60d24.5%23.5%26.2%24.8%25.2%
IV Rank14.6%6.6%39.0%16.4%9.9%
IV Percentile35.9%2.4%94.4%48.4%25.0%
Term Structure-7.6%-38.5%-3.7%-38.5%-8.7%
VWIV25.9%17.8%36.1%17.8%29.9%
Skew 25d-7.8%-23.7%1.1%1.1%-6.5%
Skew 10d-1.7%-23.5%18.6%5.8%-13.8%
Call IV 25d42.2%26.6%64.5%64.5%50.3%
Put IV 25d34.3%19.1%65.7%65.7%43.8%
Bid-Ask Spread %143.73139.51163.88163.88140.91
Gamma HHI0.810.630.950.770.87
Net GEX1.0K2173.1K1.3K2.1K
Net DEX-41.5K-69.6K-27.8K-34.8K-57.1K
Net VEX-84-230-30-63-216
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume3.4505001
Total OI42.1527773575

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$17.08$0.0053.5%15.3%24.1%16.4%0.0%1.1%-38.5%1.3K-34.8K-630.00163.88N/AN/A00305
2026-01-05$17.77$15.0054.4%9.8%27.4%16.9%17.8%-18.0%-6.6%1.4K-44.8K-410.00142.26N/AN/A01305
2026-01-06$18.01$15.0054.7%9.9%27.6%17.1%0.0%-14.2%-6.0%916-45.8K-430.00141.94N/AN/A00306
2026-01-07$18.47$15.0060.7%10.3%28.6%20.4%0.0%-3.6%-3.7%556-42.2K-430.00143.68N/AN/A40276
2026-01-08$18.22$17.0060.6%10.2%29.4%20.4%24.2%-11.8%-7.5%747-34.5K-370.00143.63N/AN/A01236
2026-01-09$18.41$17.0066.6%10.3%29.4%23.7%21.2%-6.9%-5.4%463-34.4K-420.00143.38N/AN/A10237
2026-01-12$18.48$17.0089.3%10.9%29.4%36.5%0.0%-8.1%-8.7%440-33.7K-350.00142.84N/AN/A00227
2026-01-13$18.45$17.0093.7%10.3%29.1%39.0%0.0%-3.8%-4.1%401-32.3K-410.00139.51N/AN/A00227
2026-01-14$18.41$17.0036.1%10.3%29.1%6.6%31.4%-6.0%-4.8%409-32.7K-410.00142.46N/AN/A02227
2026-01-15$18.48$17.0037.8%10.8%28.7%7.6%0.0%-8.8%-5.3%362-34.2K-330.00141.78N/AN/A00229
2026-01-16$18.45$17.0038.2%11.0%27.7%7.8%0.0%-8.0%-4.6%303-32.9K-400.00142.03N/AN/A00229
2026-01-20$18.44$17.0040.0%11.5%27.7%8.8%20.8%-16.6%-4.8%310-31.5K-410.00143.21N/AN/A10229
2026-01-21$18.98$17.0036.3%10.4%28.9%6.7%36.1%-4.2%-4.0%282-37.0K-330.00142.88N/AN/A50239
2026-01-22$19.03$17.0038.1%10.9%26.9%7.7%0.0%-3.8%-5.1%220-27.8K-310.00145.74N/AN/A00189
2026-01-23$19.02$17.0037.5%10.8%24.9%7.4%0.0%-3.7%-5.2%217-27.9K-300.00144.90N/AN/A500189
2026-01-26$18.86$17.0040.5%11.6%24.7%9.1%0.0%-23.7%-7.9%2.1K-55.0K-2300.00145.33N/AN/A00689
2026-01-27$19.54$17.0041.3%11.8%27.1%9.5%29.9%-2.0%-7.7%3.1K-63.4K-2040.00140.75N/AN/A30689
2026-01-28$19.77$17.0042.0%12.1%25.3%9.9%0.0%-8.8%-6.2%2.3K-69.6K-2300.00141.84N/AN/A00669
2026-01-29$19.09$17.0042.2%12.1%29.4%10.0%0.0%1.1%-7.4%2.1K-58.7K-2130.00141.60N/AN/A00669
2026-01-30$19.05$17.0041.9%12.0%27.9%9.9%0.0%-6.5%-8.7%2.1K-57.1K-2160.00140.91N/AN/A10669