ONDS Options History — January 2026

In January 2026, ONDS traded between $10.34 and $14.05. ATM implied volatility averaged 117.6%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 33.4%. IV traded above realized volatility by 1.9% (HV 20d: 115.8%). Max pain ranged from $5.50 to $12.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.32.

Notable Days

  • 2026-01-16: Highest Volume — 412,197 contracts
  • 2026-01-08: Largest IV spike — 7.5% change
  • 2026-01-08: Highest IV Rank — 25.5%
  • 2026-01-08: Largest Expected Move — 35.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.43$10.34$14.05$10.89$10.34
Max Pain$10.57$5.50$12.00$5.50$12.00
ATM IV117.6%107.7%126.6%120.6%107.7%
Expected Move33.4%31.2%35.3%34.3%31.2%
HV 20d115.8%105.8%129.0%111.6%117.4%
HV 60d136.5%133.4%143.6%141.3%136.2%
IV Rank21.9%17.5%25.5%22.6%17.5%
IV Percentile12.2%2.8%28.2%12.3%2.8%
Term Structure1.3%-6.5%7.2%1.1%7.2%
VWIV118.4%109.9%128.4%121.2%109.9%
Skew 25d-5.8%-12.9%0.5%-7.6%-5.2%
Skew 10d-7.9%-17.6%15.6%-16.4%-0.4%
Call IV 25d122.5%110.1%134.0%124.9%110.1%
Put IV 25d116.7%104.9%125.1%117.4%104.9%
Bid-Ask Spread %26.7612.2544.4114.0731.31
Gamma HHI0.110.090.140.140.10
Net GEX4.5M1.7M6.8M5.1M2.4M
Net DEX-489.5M-779.7M-181.3M-473.8M-181.3M
Net VEX-1.5M-1.8M-1.1M-1.1M-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.220.550.290.55
Total Volume260,316.75131,243412,197258,174243,748
Total OI1,022,170.55823,5911,217,089887,5601,202,849

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$10.89$5.50120.6%34.3%111.6%22.6%121.2%-7.6%1.1%5.1M-473.8M-1.1M0.2914.07200,12258,052712,758174,802
2026-01-05$12.34$9.00121.8%33.2%118.7%23.2%118.1%0.5%-6.5%4.8M-568.1M-1.2M0.2420.83302,46173,050661,295162,296
2026-01-06$12.77$9.00115.6%33.3%118.4%20.2%118.0%-5.0%4.3%5.7M-613.1M-1.3M0.2516.09146,27736,608721,665202,089
2026-01-07$12.16$10.00117.8%32.6%120.5%21.3%115.3%-0.4%-0.3%5.7M-555.5M-1.3M0.3618.1596,84734,396749,278215,320
2026-01-08$14.05$10.00126.6%35.3%129.0%25.5%123.9%-5.3%2.0%6.8M-779.7M-1.4M0.3015.80287,64485,239768,992224,252
2026-01-09$13.65$10.00119.2%33.7%123.2%21.9%118.0%-2.3%-6.3%5.3M-704.7M-1.4M0.4626.89234,964109,217787,754249,280
2026-01-12$13.00$10.00120.4%34.0%125.0%22.5%119.9%-12.9%1.8%5.3M-577.2M-1.5M0.3829.58191,20872,418754,769226,726
2026-01-13$13.86$10.00123.0%35.0%125.3%23.7%122.5%-7.6%1.4%6.2M-683.9M-1.6M0.2527.52158,01040,269789,424260,466
2026-01-14$13.48$10.00121.8%33.7%113.4%23.2%119.4%-8.3%-4.0%5.7M-629.9M-1.5M0.4144.2299,72341,060801,752273,678
2026-01-15$13.00$11.00123.0%35.2%115.3%25.2%128.4%-10.2%-0.9%5.3M-580.5M-1.5M0.3127.70203,49962,674828,451293,321
2026-01-16$12.25$11.00114.8%33.3%111.3%21.1%119.0%-7.3%2.2%3.3M-456.9M-1.5M0.3136.41314,71297,485892,891324,198
2026-01-20$13.11$11.00120.3%34.5%111.7%23.9%121.0%-2.8%1.7%4.6M-455.5M-1.6M0.2639.69251,87565,782669,623220,153
2026-01-21$12.43$11.00117.0%33.5%105.8%22.2%120.5%-6.6%3.9%3.7M-380.2M-1.6M0.2433.20232,03855,506706,895234,888
2026-01-22$12.54$12.00116.4%33.4%105.9%21.9%118.1%-7.8%3.5%4.3M-407.6M-1.7M0.2829.30159,77844,814757,190254,311
2026-01-23$12.14$12.00114.0%32.4%106.0%20.7%114.3%-7.4%-0.1%1.7M-353.2M-1.6M0.4023.79163,26764,809782,443273,548
2026-01-26$11.02$12.00111.1%31.5%113.1%19.2%113.9%-5.6%0.0%2.3M-267.6M-1.5M0.2912.25208,18959,758722,989237,333
2026-01-27$12.14$12.00113.9%32.4%113.4%20.6%115.5%-2.2%4.4%4.4M-398.6M-1.7M0.2227.03220,87648,644780,655270,744
2026-01-28$12.21$12.00114.4%32.5%113.0%20.9%114.9%-5.4%6.1%4.9M-422.8M-1.8M0.2744.41136,79136,688826,486286,359
2026-01-29$11.25$12.00113.2%32.3%117.5%20.3%116.2%-6.0%5.3%2.0M-299.2M-1.7M0.3616.95197,48870,349844,235297,253
2026-01-30$10.34$12.00107.7%31.2%117.4%17.5%109.9%-5.2%7.2%2.4M-181.3M-1.5M0.5531.31157,53986,209866,462336,387