NBIS Options History — February 2026

In February 2026, NBIS traded between $73.91 and $106.92. ATM implied volatility averaged 96.9%, placing in the 52.2% IV rank vs the trailing year. The 30-day expected move averaged 28.0%. IV traded below realized volatility by 4.2% (HV 20d: 101.1%). Max pain ranged from $85.00 to $95.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.52.

Notable Days

  • 2026-02-27: Highest Volume — 183,396 contracts
  • 2026-02-27: Largest IV spike — 9.1% change
  • 2026-02-05: Highest IV Rank — 62.0%
  • 2026-02-04: Largest Expected Move — 31.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$94.04$73.91$106.92$88.26$90.25
Max Pain$88.68$85.00$95.00$95.00$90.00
ATM IV96.9%89.3%103.3%97.6%97.4%
Expected Move28.0%25.8%31.9%29.3%28.7%
HV 20d101.1%79.4%119.0%80.0%119.0%
HV 60d88.9%83.5%92.6%84.1%91.6%
IV Rank52.2%40.8%62.0%52.9%54.2%
IV Percentile65.7%48.0%77.0%66.7%70.2%
Term Structure-0.8%-5.1%2.5%0.7%0.1%
VWIV97.3%90.0%110.5%103.1%98.5%
Skew 25d8.1%1.9%15.0%4.9%11.4%
Skew 10d14.3%-5.8%20.1%10.2%19.3%
Call IV 25d93.4%83.7%104.4%95.1%92.8%
Put IV 25d101.4%93.7%110.4%100.0%104.2%
Bid-Ask Spread %32.6521.7844.0932.1021.89
Gamma HHI0.050.040.150.040.15
Net GEX11.9M-7.6M33.3M3.2M-7.6M
Net DEX-1.09B-1.93B-101.8M-764.1M-616.7M
Net VEX-8.8M-9.3M-7.5M-8.7M-8.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.310.970.430.63
Total Volume93,138.68443,201183,39676,399183,396
Total OI654,365.316580,015709,334632,870656,710

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$88.26$95.0097.6%29.3%80.0%52.9%103.1%4.9%0.7%3.2M-764.1M-8.7M0.4332.10N/AN/A53,54222,857366,341266,529
2026-02-03$89.47$95.00100.9%29.9%79.5%58.2%105.4%2.1%-2.1%6.1M-821.9M-8.8M0.9725.23N/AN/A26,61325,807383,310275,286
2026-02-04$81.94$95.00101.2%31.9%79.4%58.7%110.5%5.1%0.8%-1.4M-438.6M-8.2M0.5429.20N/AN/A62,54633,685385,959280,801
2026-02-05$73.91$85.00103.3%30.1%85.5%62.0%104.8%6.0%0.3%-3.2M-101.8M-7.5M0.6536.11N/AN/A50,61533,117388,380284,554
2026-02-06$86.19$85.00100.1%28.1%103.5%57.0%97.3%8.4%-4.9%4.4M-754.7M-8.5M0.4538.39N/AN/A66,67829,806395,297286,366
2026-02-09$93.40$85.00102.7%27.8%108.0%61.1%95.5%12.5%-5.1%10.7M-1.09B-9.0M0.3736.30N/AN/A51,63419,084367,346262,189
2026-02-10$92.25$85.0099.5%28.2%101.2%55.9%96.2%1.9%0.2%11.9M-1.09B-8.9M0.4741.08N/AN/A29,38013,821383,324266,150
2026-02-11$88.74$85.00100.5%28.9%101.4%57.5%100.5%5.8%0.9%9.0M-899.9M-8.6M0.5234.75N/AN/A55,32728,937386,452268,554
2026-02-12$88.62$85.0092.2%26.6%101.3%44.2%92.7%15.0%1.7%8.1M-807.9M-8.5M0.7144.09N/AN/A101,81572,365405,952281,639
2026-02-13$96.48$85.0093.2%26.9%105.9%45.8%91.8%8.4%2.5%23.1M-1.40B-9.0M0.4038.95N/AN/A122,00848,355414,135295,199
2026-02-17$97.40$90.0097.5%27.9%105.3%52.8%97.6%8.2%0.1%14.6M-1.31B-8.9M0.4536.96N/AN/A49,22222,279380,083263,879
2026-02-18$101.22$85.0092.7%26.6%103.0%45.1%93.5%8.2%-0.9%23.3M-1.56B-9.0M0.4941.42N/AN/A66,78233,060395,812272,803
2026-02-19$106.92$90.0094.8%27.2%104.5%48.5%94.3%9.3%-1.6%33.3M-1.93B-9.3M0.5132.50N/AN/A63,26832,389402,878280,652
2026-02-20$97.87$90.0092.4%26.5%109.5%44.6%92.3%9.0%-0.7%17.4M-1.25B-8.8M0.4431.69N/AN/A92,41140,286404,684289,323
2026-02-23$100.00$90.0096.3%27.8%109.3%52.4%95.2%8.0%-3.3%11.8M-1.28B-8.9M0.3124.85N/AN/A41,58112,691337,612242,403
2026-02-24$102.16$90.0094.1%27.6%109.0%48.7%94.8%9.8%0.4%16.2M-1.40B-9.0M0.4825.77N/AN/A32,08815,368352,901248,379
2026-02-25$106.69$90.0095.9%26.9%107.8%51.7%95.3%8.8%-2.0%22.0M-1.69B-9.3M0.5221.78N/AN/A49,51925,970360,093257,780
2026-02-26$104.92$90.0089.3%25.8%108.0%40.8%90.0%10.0%-2.4%22.9M-1.55B-9.1M0.5827.26N/AN/A38,88222,451373,745269,441
2026-02-27$90.25$90.0097.4%28.7%119.0%54.2%98.5%11.4%0.1%-7.6M-616.7M-8.3M0.6321.89N/AN/A112,54170,855381,078275,632