OCSL Options History — January 2026

In January 2026, OCSL traded between $12.32 and $13.04. ATM implied volatility averaged 29.8%, placing in the 38.1% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 7.6% (HV 20d: 22.2%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 4.67.

Notable Days

  • 2026-01-30: Highest Volume — 2,342 contracts
  • 2026-01-06: Largest IV spike — 65.3% change
  • 2026-01-13: Highest IV Rank — 83.5%
  • 2026-01-28: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.73$12.32$13.04$12.75$12.32
Max Pain$10.13$10.00$12.50$12.50$10.00
ATM IV29.8%16.9%54.7%16.9%30.0%
Expected Move8.1%4.8%10.6%4.8%8.6%
HV 20d22.2%19.8%25.5%21.2%21.8%
HV 60d21.1%19.7%22.6%21.7%19.7%
IV Rank38.1%14.5%83.5%14.5%38.5%
IV Percentile75.8%21.8%98.8%21.8%82.1%
Term Structure3.7%-4.6%42.4%5.8%16.9%
VWIV28.7%22.6%36.5%22.6%30.5%
Skew 25d14.2%-94.8%133.8%-94.8%9.5%
Skew 10d31.2%-123.0%241.4%-123.0%14.7%
Call IV 25d26.8%18.8%110.8%110.8%28.4%
Put IV 25d41.0%16.0%159.1%16.0%37.9%
Bid-Ask Spread %89.5177.58109.59109.5987.72
Gamma HHI0.380.330.450.350.45
Net GEX121.5K100.4K148.4K132.4K100.9K
Net DEX-21.6M-22.7M-19.9M-21.7M-19.9M
Net VEX-9.9K-11.6K-7.7K-11.2K-7.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.670.0083.330.296.51
Total Volume364.45272,3423062,342
Total OI23,428.1522,28023,76422,28023,690

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$12.75$12.5016.9%4.8%21.2%14.5%0.0%-94.8%5.8%132.4K-21.7M-11.2K0.29109.592376920,7241,556
2026-01-05$12.93$10.0023.3%8.7%21.9%26.3%22.6%10.3%-3.5%142.0K-22.2M-10.8K0.0690.026264020,8921,591
2026-01-06$12.73$10.0038.5%7.6%22.2%54.1%26.7%9.5%-0.5%129.4K-21.9M-11.6K0.0086.07242121,3601,629
2026-01-07$12.52$10.0021.1%7.4%22.6%22.3%25.8%8.1%0.5%125.5K-21.3M-9.9K0.3993.6038815221,5401,630
2026-01-08$12.91$10.0027.7%7.5%25.4%34.3%26.2%9.9%2.2%128.2K-22.6M-10.8K0.0096.36363021,7361,760
2026-01-09$12.92$10.0031.0%8.9%25.4%40.3%30.9%13.2%-3.5%138.1K-22.7M-11.1K0.0087.55763021,7771,760
2026-01-12$12.77$10.0034.2%8.0%25.5%46.2%28.7%10.2%-0.9%132.2K-22.0M-11.6K0.0688.892501521,9681,760
2026-01-13$12.59$10.0054.7%8.2%25.5%83.5%30.2%9.0%-0.8%134.3K-21.1M-11.6K0.2491.451674021,8791,768
2026-01-14$12.89$10.0029.9%8.6%19.8%38.3%31.1%11.5%-1.3%128.1K-22.2M-10.4K0.3289.131424521,8451,793
2026-01-15$13.04$10.0027.5%7.9%20.2%34.0%28.6%61.6%42.4%102.8K-22.6M-9.4K0.04100.5826121,9321,832
2026-01-16$12.93$10.0028.8%8.3%20.4%36.3%29.1%16.8%-4.6%129.8K-22.3M-10.3K0.0384.56192521,8811,832
2026-01-20$12.71$10.0027.7%7.9%21.3%34.3%28.1%9.5%1.1%113.0K-21.5M-8.8K0.1583.961852821,8671,625
2026-01-21$12.87$10.0028.8%8.3%21.4%36.4%28.8%10.3%1.9%107.1K-22.1M-9.1K0.0590.602271121,9601,642
2026-01-22$12.89$10.0026.6%7.6%21.3%32.3%28.1%8.6%2.7%103.4K-22.1M-9.5K0.1996.5032622,0581,653
2026-01-23$12.79$10.0023.6%6.8%21.2%26.8%24.5%7.9%7.3%100.4K-21.8M-9.0K0.0988.092041822,0721,657
2026-01-26$12.63$10.0029.3%8.4%21.6%37.2%29.3%133.8%5.0%104.4K-21.0M-8.0K1.0083.82363621,8701,657
2026-01-27$12.55$10.0029.8%8.6%21.6%38.2%30.0%9.8%0.2%116.5K-20.7M-9.3K0.2582.68852121,7691,675
2026-01-28$12.43$10.0036.8%10.6%21.8%51.0%36.5%24.8%1.3%148.4K-20.3M-10.5K0.4181.42291221,7701,686
2026-01-29$12.43$10.0029.6%8.5%21.7%37.7%30.0%5.5%0.9%112.7K-20.2M-8.1K83.3377.58325021,7741,693
2026-01-30$12.32$10.0030.0%8.6%21.8%38.5%30.5%9.5%16.9%100.9K-19.9M-7.7K6.5187.723122,03021,7761,914