IT Options History — February 2026

In February 2026, IT traded between $144.69 and $205.22. ATM implied volatility averaged 51.2%, placing in the 60.7% IV rank vs the trailing year. The 30-day expected move averaged 14.9%. IV traded below realized volatility by 45.6% (HV 20d: 96.8%). Max pain ranged from $150.00 to $230.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 1.52.

Notable Days

  • 2026-02-03: Highest Volume — 4,388 contracts
  • 2026-02-03: Largest IV drop — 18.3% change
  • 2026-02-02: Highest IV Rank — 81.3%
  • 2026-02-02: Largest Expected Move — 17.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$158.21$144.69$205.22$205.22$156.46
Max Pain$182.89$150.00$230.00$230.00$150.00
ATM IV51.2%44.2%61.7%61.7%54.6%
Expected Move14.9%12.9%17.7%17.7%15.6%
HV 20d96.8%41.8%103.2%41.8%101.9%
HV 60d62.7%35.8%65.9%35.8%65.9%
IV Rank60.7%48.8%81.3%81.3%65.7%
IV Percentile86.8%76.6%97.2%97.2%90.1%
Term Structure-0.1%-13.0%4.2%-13.0%0.8%
VWIV51.7%45.4%62.3%62.3%54.5%
Skew 25d5.4%-0.1%8.9%7.8%4.2%
Skew 10d11.7%-7.6%32.2%8.1%16.3%
Call IV 25d50.6%43.8%57.7%57.7%53.0%
Put IV 25d56.0%49.9%65.6%65.6%57.2%
Bid-Ask Spread %74.7654.2380.0354.2375.47
Gamma HHI0.150.060.340.110.13
Net GEX394.1K-1.0M1.9M31.4K931.7K
Net DEX17.2M-7.4M48.3M16.2M-7.4M
Net VEX-232.3K-316.2K-125.0K-258.1K-316.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.520.076.780.181.14
Total Volume2,023.1587324,3883,3401,770
Total OI15,148.7379,62618,2329,62615,540

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$205.22$230.0061.7%17.7%41.8%81.3%62.3%7.8%-13.0%31.4K16.2M-258.1K0.1854.232,8225185,9683,658
2026-02-03$158.48$200.0050.4%14.5%97.9%60.5%49.1%-0.1%-1.6%-278.7K48.3M-125.0K1.4069.601,8312,5578,6644,079
2026-02-04$158.25$190.0044.9%12.9%97.0%50.3%46.2%1.8%2.6%-62.1K35.0M-182.7K0.5980.031,3758189,7724,495
2026-02-05$151.21$220.0048.1%15.5%96.9%56.3%52.0%7.2%-2.2%-259.5K36.0M-171.0K1.9679.268271,6259,6814,442
2026-02-06$156.35$200.0044.2%13.2%98.5%49.1%45.4%6.4%4.2%-302.3K28.7M-186.4K3.1176.524011,2489,7284,397
2026-02-09$160.90$200.0044.2%13.8%99.7%48.8%49.3%5.0%2.6%-198.7K23.5M-204.1K1.5075.7232248410,0854,427
2026-02-10$158.81$195.0046.3%13.8%99.8%52.7%46.8%4.4%2.2%-150.6K23.2M-209.5K0.1971.632,62151010,3004,559
2026-02-11$160.17$195.0048.9%14.0%100.3%57.5%48.4%5.8%2.8%1.3M10.3M-245.7K0.0773.849496412,3504,708
2026-02-12$154.32$185.0053.1%15.2%99.9%64.1%51.7%8.9%0.1%829.1K17.1M-242.0K2.0277.1446493912,8154,686
2026-02-13$157.41$180.0049.0%14.0%100.7%55.8%47.3%5.2%2.2%1.1M12.9M-246.3K1.7275.027291,25712,7854,617
2026-02-17$155.46$180.0050.2%14.4%100.1%58.2%50.2%4.5%1.8%986.3K14.3M-237.6K0.4776.1849723513,1934,655
2026-02-18$161.97$180.0049.9%14.3%102.0%57.5%49.8%6.3%-0.0%1.9M361.0K-259.5K0.3072.631,13533813,3704,741
2026-02-19$157.71$170.0049.4%14.2%99.6%56.6%50.9%6.5%-3.2%1.2M9.4M-251.4K6.7876.673062,07513,4284,759
2026-02-20$154.52$170.0050.2%14.4%98.5%58.1%50.8%5.3%-1.2%-1.0M16.3M-243.3K2.0479.5945893613,4564,776
2026-02-23$144.69$165.0058.7%16.8%99.8%74.5%58.3%6.2%-2.6%64.5K20.9M-223.6K2.4976.312987417,9674,344
2026-02-24$147.69$165.0057.0%16.3%100.0%70.6%56.9%5.7%-1.1%109.3K18.0M-240.5K0.3877.891,5806068,1064,478
2026-02-25$150.28$150.0056.7%16.2%101.0%69.9%55.9%5.6%-0.3%630.7K7.4M-270.7K0.8976.376095459,5064,737
2026-02-26$156.06$150.0054.6%15.7%103.2%65.9%56.0%5.5%4.1%735.4K-2.9M-299.2K1.7076.371,4642,4869,7444,810
2026-02-27$156.46$150.0054.6%15.6%101.9%65.7%54.5%4.2%0.8%931.7K-7.4M-316.2K1.1475.4782894210,4855,055