IPOS Options History — February 2026

In February 2026, IPOS traded between $18.80 and $20.96. ATM implied volatility averaged 43.6%, placing in the 10.8% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 15.4% (HV 20d: 28.2%). Max pain ranged from $17.00 to $23.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2026-02-24: Highest Volume — 120 contracts
  • 2026-02-11: Largest IV drop — 33.7% change
  • 2026-02-10: Highest IV Rank — 18.4%
  • 2026-02-04: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.71$18.80$20.96$18.80$20.04
Max Pain$20.47$17.00$23.00$17.00$20.00
ATM IV43.6%36.5%57.1%45.5%45.8%
Expected Move11.6%10.1%13.5%13.0%13.1%
HV 20d28.2%23.3%34.5%28.1%32.0%
HV 60d25.9%25.2%27.9%25.4%27.6%
IV Rank10.8%6.8%18.4%11.9%12.1%
IV Percentile29.8%4.0%64.3%37.7%42.9%
Term Structure-6.3%-10.9%3.1%-2.4%-8.2%
VWIV33.7%27.9%38.1%27.9%35.1%
Skew 25d4.4%-9.7%19.3%-2.8%6.0%
Skew 10d15.7%-21.9%33.9%-7.1%11.8%
Call IV 25d41.9%26.6%54.1%29.3%50.2%
Put IV 25d46.4%26.5%56.2%26.5%56.2%
Bid-Ask Spread %154.61139.54162.31139.54155.43
Gamma HHI0.870.770.980.820.98
Net GEX3.5K1.9K10.4K1.9K10.0K
Net DEX-67.6K-177.5K-41.0K-57.2K-141.4K
Net VEX-237-454-166-208-419
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume9.632012000
Total OI85.8955717776177

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$18.80$17.0045.5%13.0%28.1%11.9%0.0%-2.8%-2.4%1.9K-57.2K-2080.00139.54N/AN/A00679
2026-02-03$18.84$17.0046.8%13.4%24.9%12.6%27.9%-9.7%-10.6%2.1K-54.3K-2010.00140.43N/AN/A100679
2026-02-04$19.05$17.0047.2%13.5%24.8%12.9%0.0%-1.2%-10.9%2.0K-54.6K-2060.00142.71N/AN/A00659
2026-02-05$18.82$23.0049.0%10.4%23.9%13.9%0.0%4.2%-4.5%2.4K-41.9K-1660.00158.89N/AN/A00659
2026-02-06$18.95$23.0046.4%10.1%23.3%12.4%0.0%3.1%-5.3%2.5K-43.7K-1720.00157.87N/AN/A00659
2026-02-09$19.12$23.0053.9%10.7%23.3%16.6%0.0%2.3%-6.3%1.9K-41.0K-1930.00159.17N/AN/A510579
2026-02-10$19.64$23.0057.1%10.5%24.9%18.4%0.0%4.0%-4.9%2.1K-49.8K-2100.00161.05N/AN/A00589
2026-02-11$19.42$23.0037.9%10.9%25.4%7.6%0.0%1.8%-7.2%2.3K-44.2K-1930.00158.05N/AN/A01589
2026-02-12$20.30$23.0037.1%10.6%29.3%7.2%38.1%0.6%-7.4%2.4K-59.2K-2170.00147.92N/AN/A105810
2026-02-13$20.21$20.0037.8%10.8%29.5%7.5%0.0%2.5%-6.8%2.4K-59.1K-2180.00156.93N/AN/A005910
2026-02-17$20.23$20.0039.1%11.2%29.4%8.3%0.0%19.3%-4.1%2.5K-59.2K-2120.00156.01N/AN/A005910
2026-02-18$19.90$20.0038.5%11.0%30.3%7.9%0.0%1.7%-8.4%2.3K-51.2K-2070.00158.24N/AN/A005910
2026-02-19$19.65$20.0039.8%11.4%29.3%8.7%0.0%14.9%-5.9%2.1K-47.3K-2040.00160.41N/AN/A005910
2026-02-20$19.99$20.0039.8%11.4%29.8%8.6%0.0%4.1%-5.8%2.5K-55.9K-2010.00156.51N/AN/A005910
2026-02-23$20.08$20.0036.5%10.5%29.8%6.8%0.0%5.0%3.1%2.5K-51.1K-2030.00158.17N/AN/A00561
2026-02-24$20.96$20.0042.1%12.1%32.7%10.0%35.1%18.9%-6.9%2.8K-65.2K-2090.00162.31N/AN/A1200561
2026-02-25$20.63$20.0043.8%12.6%31.5%10.9%0.0%6.7%-7.5%10.4K-177.5K-4540.00155.61N/AN/A001761
2026-02-26$19.85$20.0044.9%12.9%34.5%11.6%0.0%3.0%-9.7%9.7K-130.8K-4100.00152.36N/AN/A001761
2026-02-27$20.04$20.0045.8%13.1%32.0%12.1%0.0%6.0%-8.2%10.0K-141.4K-4190.00155.43N/AN/A001761