IPOS Options History — March 2026

In March 2026, IPOS traded between $17.52 and $20.76. ATM implied volatility averaged 57.1%, placing in the 19.8% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded above realized volatility by 2.2% (HV 20d: 54.9%). Max pain ranged from $18.00 to $21.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.18.

Notable Days

  • 2026-03-31: Highest Volume — 25 contracts
  • 2026-03-26: Largest IV spike — 136.2% change
  • 2026-03-30: Highest IV Rank — 40.8%
  • 2026-03-30: Largest Expected Move — 26.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.80$17.52$20.76$20.63$18.12
Max Pain$18.64$18.00$21.00$20.00$18.00
ATM IV57.1%32.6%91.4%37.9%61.8%
Expected Move15.8%9.8%26.2%10.9%17.7%
HV 20d54.9%33.3%60.8%33.3%47.5%
HV 60d39.2%28.1%40.8%28.1%40.8%
IV Rank19.8%5.0%40.8%7.6%22.8%
IV Percentile63.5%1.6%94.8%8.3%81.0%
Term Structure-3.5%-16.8%12.2%-3.1%-2.9%
VWIV60.0%60.0%60.0%60.0%60.0%
Skew 25d7.7%2.0%23.6%2.0%2.7%
Skew 10d8.0%-12.1%39.9%17.3%-5.0%
Call IV 25d55.8%37.7%78.7%48.9%65.5%
Put IV 25d63.5%48.1%99.5%50.9%68.2%
Bid-Ask Spread %92.6150.31155.96155.9650.31
Gamma HHI0.790.600.980.980.66
Net GEX6.0K1.8K12.3K12.3K2.2K
Net DEX-93.2K-193.3K-42.1K-168.4K-45.5K
Net VEX-336-472-218-413-226
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.180.001.000.000.10
Total Volume40252025
Total OI169.54591214177113

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$20.63$20.0037.9%10.9%33.3%7.6%0.0%2.0%-3.1%12.3K-168.4K-4130.00155.96N/AN/A2001761
2026-03-03$18.98$20.0062.2%17.8%45.2%21.3%0.0%7.3%-16.8%7.8K-106.8K-4180.00145.08N/AN/A001961
2026-03-04$20.10$20.0056.9%16.3%49.5%19.8%0.0%12.0%-10.1%8.5K-166.5K-4690.00154.03N/AN/A001961
2026-03-05$20.76$0.0045.9%9.8%50.6%13.1%0.0%10.3%-2.1%11.5K-193.3K-4720.00129.78N/AN/A001961
2026-03-06$19.00$0.0062.6%12.3%60.2%23.3%0.0%6.9%-4.6%7.8K-104.4K-3930.00136.99N/AN/A001961
2026-03-09$18.65$0.0074.8%13.9%60.5%30.7%0.0%11.8%-4.4%6.8K-97.4K-3570.00134.22N/AN/A1501961
2026-03-10$18.99$0.0074.0%14.3%60.8%30.2%0.0%5.4%-3.2%8.2K-115.8K-4180.00133.30N/AN/A002101
2026-03-11$19.05$0.0051.2%14.7%60.0%16.3%0.0%7.1%9.3%7.9K-125.0K-4260.00133.80N/AN/A002101
2026-03-12$18.71$0.0050.4%0.0%60.2%15.9%0.0%7.4%-7.7%7.4K-107.1K-3930.0069.06N/AN/A002101
2026-03-13$18.70$0.0050.6%0.0%57.7%16.0%0.0%6.6%12.2%7.1K-112.2K-3860.0063.59N/AN/A002101
2026-03-16$18.92$0.0057.4%15.2%57.9%20.1%60.0%2.7%-8.6%8.1K-109.0K-3580.0071.43N/AN/A102101
2026-03-17$18.70$21.0050.2%14.2%58.0%15.7%0.0%4.6%7.0%7.4K-96.2K-3281.0064.88N/AN/A222111
2026-03-18$18.68$18.0052.9%14.9%57.8%17.4%0.0%4.2%-6.5%7.5K-88.9K-3210.0067.19N/AN/A102113
2026-03-19$18.57$18.0051.5%14.2%57.7%16.5%0.0%6.9%-5.7%7.0K-76.3K-2830.0057.50N/AN/A002113
2026-03-20$18.16$18.0056.3%16.5%57.6%19.4%0.0%2.2%4.5%1.9K-56.1K-2710.0058.89N/AN/A002113
2026-03-23$18.27$18.0056.0%16.6%57.6%19.2%0.0%8.1%-4.4%2.3K-50.3K-2600.0059.40N/AN/A00883
2026-03-24$18.58$18.0049.4%16.0%55.5%15.2%0.0%2.7%-11.1%2.3K-47.9K-2480.0067.42N/AN/A00883
2026-03-25$18.70$18.0032.6%16.6%55.5%5.0%0.0%6.3%-4.8%2.5K-52.6K-2620.0067.75N/AN/A00883
2026-03-26$18.07$18.0077.0%22.1%55.2%32.0%0.0%23.6%-0.3%2.0K-45.2K-2420.0084.17N/AN/A00883
2026-03-27$17.77$18.0052.2%15.0%55.1%16.9%0.0%8.6%-3.2%1.9K-43.4K-2310.0059.45N/AN/A00883
2026-03-30$17.52$18.0091.4%26.2%53.6%40.8%0.0%20.8%-10.1%1.8K-42.1K-2180.1073.20N/AN/A202883
2026-03-31$18.12$18.0061.8%17.7%47.5%22.8%0.0%2.7%-2.9%2.2K-45.5K-2260.0050.31N/AN/A0251085