NBIS Options History — January 2026

In January 2026, NBIS traded between $85.28 and $107.95. ATM implied volatility averaged 90.4%, placing in the 37.2% IV rank vs the trailing year. The 30-day expected move averaged 26.3%. IV traded above realized volatility by 10.5% (HV 20d: 79.9%). Max pain ranged from $60.00 to $95.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.53.

Notable Days

  • 2026-01-30: Highest Volume — 150,284 contracts
  • 2026-01-06: Largest IV spike — 9.5% change
  • 2026-01-29: Highest IV Rank — 50.2%
  • 2026-01-28: Largest Expected Move — 27.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$98.30$85.28$107.95$90.41$85.28
Max Pain$90.25$60.00$95.00$60.00$95.00
ATM IV90.4%78.2%97.1%78.2%95.3%
Expected Move26.3%22.4%27.7%22.4%27.6%
HV 20d79.9%70.0%91.6%82.0%84.1%
HV 60d86.7%83.5%89.5%87.4%85.1%
IV Rank37.2%19.4%50.2%19.4%49.2%
IV Percentile48.2%13.9%65.5%13.9%61.9%
Term Structure2.6%-1.5%8.5%-1.5%2.3%
VWIV92.3%78.4%97.2%78.4%96.3%
Skew 25d3.2%-1.3%8.1%6.1%0.2%
Skew 10d8.0%-5.8%18.6%15.0%2.0%
Call IV 25d89.2%75.7%100.2%75.7%100.2%
Put IV 25d92.4%81.7%100.4%81.7%100.4%
Bid-Ask Spread %30.7010.2343.6810.2326.21
Gamma HHI0.050.030.120.050.12
Net GEX12.4M-16.1M31.2M12.5M-16.1M
Net DEX-1.70B-2.79B-375.5M-1.59B-375.5M
Net VEX-9.2M-9.7M-8.4M-8.5M-8.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.340.930.930.79
Total Volume92,186.2547,932150,284100,126150,284
Total OI716,802.75587,503822,623750,109699,305

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$90.41$60.0078.2%22.4%82.0%19.4%78.4%6.1%-1.5%12.5M-1.59B-8.5M0.9310.23N/AN/A51,91448,212448,929301,180
2026-01-05$92.87$85.0082.8%24.9%80.8%25.9%87.1%3.9%4.3%12.4M-1.72B-8.7M0.4843.68N/AN/A41,09119,658434,259287,323
2026-01-06$100.31$90.0090.7%26.5%84.6%37.0%93.1%5.2%0.4%19.9M-2.26B-9.2M0.4035.80N/AN/A87,26535,015447,694294,193
2026-01-07$96.59$90.0087.1%26.2%85.5%31.9%91.5%3.4%4.9%19.3M-2.03B-9.1M0.8928.72N/AN/A46,83841,676460,646301,190
2026-01-08$99.10$90.0087.2%26.3%85.4%32.0%92.0%4.7%1.9%22.6M-2.16B-9.3M0.3435.45N/AN/A57,56219,811464,591314,302
2026-01-09$97.80$90.0086.4%26.0%85.0%30.9%91.5%2.2%8.5%18.3M-2.11B-9.2M0.3934.05N/AN/A93,06836,557474,588319,641
2026-01-12$107.90$90.0090.7%26.4%91.6%37.1%93.1%1.4%2.3%22.0M-2.72B-9.7M0.3832.16N/AN/A90,30334,186456,061301,456
2026-01-13$104.23$90.0085.0%25.6%88.8%29.0%90.3%0.3%3.7%21.3M-2.47B-9.6M0.5130.95N/AN/A31,65916,273474,979311,538
2026-01-14$102.13$90.0090.5%26.6%82.7%36.8%93.5%1.9%2.2%17.5M-2.29B-9.4M0.5338.34N/AN/A35,58118,880478,476316,555
2026-01-15$104.90$90.0089.6%26.1%82.5%35.5%91.7%-1.3%5.2%22.1M-2.53B-9.6M0.5126.37N/AN/A56,51228,923483,925322,904
2026-01-16$107.95$90.0089.1%25.8%78.3%34.8%91.1%4.8%1.6%31.2M-2.79B-9.7M0.4827.34N/AN/A89,93742,882493,053329,570
2026-01-20$100.13$90.0094.3%27.0%84.6%42.1%94.4%3.6%5.9%9.5M-1.29B-9.3M0.5728.21N/AN/A65,45037,612343,060244,443
2026-01-21$98.39$95.0093.3%26.8%71.2%40.7%93.8%3.5%4.4%6.4M-1.18B-9.3M0.4229.48N/AN/A73,99730,845356,883264,837
2026-01-22$97.41$95.0090.6%25.8%70.5%37.0%91.3%1.9%4.6%4.9M-1.14B-9.3M0.5124.19N/AN/A46,72423,822369,691277,251
2026-01-23$94.88$95.0092.3%26.4%70.0%39.3%93.7%8.1%0.2%-7.5M-960.7M-9.1M0.5830.92N/AN/A54,77431,770380,847284,782
2026-01-26$92.59$95.0095.8%26.4%70.6%44.2%93.0%2.3%0.2%3.1M-893.6M-8.8M0.5332.38N/AN/A56,16529,943350,203260,974
2026-01-27$98.56$95.0097.1%27.3%72.2%46.1%95.6%2.6%-0.4%9.5M-1.23B-9.3M0.4331.70N/AN/A53,31722,802361,789277,978
2026-01-28$100.25$95.0096.2%27.7%71.8%44.7%97.2%6.2%0.8%16.2M-1.41B-9.4M0.4834.43N/AN/A37,99918,292381,236286,089
2026-01-29$94.25$95.0095.9%27.5%75.7%50.2%96.4%3.6%1.5%3.1M-950.5M-9.0M0.4033.42N/AN/A61,40024,726387,980291,654
2026-01-30$85.28$95.0095.3%27.6%84.1%49.2%96.3%0.2%2.3%-16.1M-375.5M-8.4M0.7926.21N/AN/A83,96166,323398,432300,873