IT Options History — January 2026

In January 2026, IT traded between $209.36 and $248.42. ATM implied volatility averaged 46.6%, placing in the 53.5% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 10.6% (HV 20d: 36.1%). Max pain ranged from $230.00 to $260.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.29.

Notable Days

  • 2026-01-30: Highest Volume — 1,249 contracts
  • 2026-01-14: Largest IV spike — 21.0% change
  • 2026-01-29: Highest IV Rank — 84.1%
  • 2026-01-29: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$233.89$209.36$248.42$237.35$209.36
Max Pain$241.50$230.00$260.00$240.00$230.00
ATM IV46.6%33.6%63.3%33.6%59.4%
Expected Move14.3%9.6%18.1%9.6%17.0%
HV 20d36.1%29.4%46.0%32.0%46.0%
HV 60d37.7%34.8%39.4%38.6%39.4%
IV Rank53.5%29.6%84.1%29.6%77.0%
IV Percentile79.9%45.6%98.0%46.0%96.4%
Term Structure-4.7%-11.4%8.6%8.6%-9.1%
VWIV49.7%34.2%61.1%34.2%55.6%
Skew 25d4.5%1.7%7.0%2.9%7.0%
Skew 10d7.0%-2.0%14.5%-2.0%9.9%
Call IV 25d47.2%33.6%57.5%33.6%55.2%
Put IV 25d51.7%36.5%62.2%36.5%62.2%
Bid-Ask Spread %65.8155.5389.3089.3062.06
Gamma HHI0.080.070.090.070.08
Net GEX358.9K-351.0K1.1M536.5K-351.0K
Net DEX-4.9M-19.6M16.5M-10.1M16.5M
Net VEX-284.2K-305.4K-250.4K-286.2K-261.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.290.064.634.630.06
Total Volume235.55181,2494111,249
Total OI7,753.557,2288,4687,2908,468

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$237.35$240.0033.6%9.6%32.0%29.6%34.2%2.9%8.6%536.5K-10.1M-286.2K4.6389.30733384,6532,637
2026-01-05$240.02$260.0036.6%13.0%32.1%35.0%47.5%3.6%-2.6%717.7K-12.3M-294.8K1.8255.5339714,6742,748
2026-01-06$245.11$250.0034.5%13.4%32.7%31.2%45.3%5.8%-5.4%973.3K-15.6M-303.8K0.5061.3556284,6942,816
2026-01-07$245.75$250.0035.5%13.4%32.4%33.0%47.2%4.6%-4.6%957.9K-17.0M-303.1K1.4064.4110144,7032,830
2026-01-08$247.13$250.0038.2%13.7%32.1%38.0%45.9%4.9%-4.8%1.0M-18.7M-302.6K0.2163.26105224,7052,840
2026-01-09$248.42$250.0033.8%13.1%32.1%29.9%46.5%5.5%-3.9%1.1M-19.6M-297.9K0.6663.7844294,7862,850
2026-01-12$242.75$250.0040.7%13.4%33.5%42.6%48.6%6.0%-3.2%798.8K-13.1M-292.0K1.5763.957114,8012,853
2026-01-13$235.97$250.0040.4%13.7%35.2%42.0%49.4%4.9%-6.5%341.5K-4.6M-273.3K1.0761.5184904,8052,854
2026-01-14$237.79$250.0048.9%14.0%29.4%57.6%47.5%2.6%-4.2%429.1K-8.5M-281.2K0.1963.9078154,8582,913
2026-01-15$228.64$250.0046.9%13.5%32.1%54.1%49.7%4.0%-1.9%32.3K-208.0K-263.9K2.8165.091193344,9252,916
2026-01-16$231.59$240.0048.4%13.9%31.6%56.7%47.4%2.4%-3.3%-166.1K-1.1M-274.6K1.2164.3929355,0203,245
2026-01-20$222.06$240.0051.3%14.7%34.4%62.1%54.1%4.6%-6.2%-59.9K5.6M-250.4K3.2966.26481584,2302,998
2026-01-21$231.95$240.0052.9%15.2%38.6%65.0%51.6%6.5%-7.4%105.9K-208.6K-263.8K0.1863.37104194,2543,123
2026-01-22$236.45$230.0051.1%14.6%39.4%61.7%49.9%5.7%-6.0%266.6K-6.2M-278.2K1.1966.152703204,3333,131
2026-01-23$231.91$230.0051.7%14.8%39.8%62.8%51.3%3.0%-3.9%165.9K-2.6M-305.3K0.3767.6465244,5553,395
2026-01-26$235.97$230.0053.9%15.5%40.3%67.0%51.3%4.9%-5.9%288.8K-5.6M-305.4K0.9667.9453514,6043,406
2026-01-27$231.68$230.0054.9%15.7%40.7%68.6%53.4%2.3%-4.7%185.7K-3.1M-302.6K0.1365.39240314,6203,438
2026-01-28$226.12$230.0057.0%16.4%41.1%72.7%57.0%6.4%-8.1%74.7K2.1M-289.5K2.5271.0021534,7273,456
2026-01-29$211.72$230.0063.3%18.1%46.0%84.1%61.1%1.7%-11.4%-282.1K15.3M-253.7K1.0769.931811934,7363,471
2026-01-30$209.36$230.0059.4%17.0%46.0%77.0%55.6%7.0%-9.1%-351.0K16.5M-261.4K0.0662.061,178714,8603,608