ONDS Options History — February 2026

In February 2026, ONDS traded between $8.41 and $11.39. ATM implied volatility averaged 121.7%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 35.1%. IV traded below realized volatility by 3.2% (HV 20d: 124.9%). Max pain ranged from $7.50 to $11.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.36.

Notable Days

  • 2026-02-20: Highest Volume — 324,260 contracts
  • 2026-02-17: Largest IV spike — 7.3% change
  • 2026-02-19: Highest IV Rank — 30.4%
  • 2026-02-19: Largest Expected Move — 38.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.05$8.41$11.39$10.72$9.96
Max Pain$9.00$7.50$11.50$11.50$9.00
ATM IV121.7%114.5%133.3%114.5%119.8%
Expected Move35.1%32.4%38.5%32.4%34.9%
HV 20d124.9%104.1%136.0%112.5%124.6%
HV 60d130.4%115.1%143.0%136.3%115.4%
IV Rank24.6%21.0%30.4%21.0%23.6%
IV Percentile23.9%10.3%49.6%10.3%18.7%
Term Structure0.9%-6.6%9.7%9.7%3.4%
VWIV124.0%114.3%132.0%114.5%122.7%
Skew 25d-0.8%-5.5%4.9%-1.2%-0.1%
Skew 10d-0.5%-12.2%16.8%-2.6%-6.4%
Call IV 25d123.1%116.8%131.0%116.8%120.4%
Put IV 25d122.3%113.7%134.9%115.6%120.3%
Bid-Ask Spread %22.4312.6537.5522.8437.55
Gamma HHI0.090.070.110.100.09
Net GEX3.1M621.6K6.3M3.0M2.8M
Net DEX-260.0M-456.4M-92.4M-285.0M-252.2M
Net VEX-1.6M-1.9M-1.4M-1.7M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.170.990.180.99
Total Volume196,919.737102,080324,260209,516260,953
Total OI1,191,219.7371,051,1111,373,2691,051,1111,247,586

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$10.72$11.50114.5%32.4%112.5%21.0%114.5%-1.2%9.7%3.0M-285.0M-1.7M0.1822.84177,79131,725789,378261,733
2026-02-03$11.25$11.50119.6%32.7%104.1%23.5%114.3%-3.8%0.4%4.4M-347.1M-1.8M0.3118.2796,10329,364836,345271,103
2026-02-04$9.61$11.50116.9%33.5%116.2%22.1%120.8%-0.7%9.6%1.7M-186.0M-1.5M0.2129.84237,45651,049854,197288,261
2026-02-05$8.41$7.50118.3%34.9%123.2%22.9%126.7%-3.5%8.1%621.6K-92.4M-1.4M0.3612.65189,88268,696875,315301,346
2026-02-06$9.68$7.50118.3%34.7%122.5%22.9%123.6%4.9%3.7%2.4M-204.3M-1.6M0.3515.76173,49460,658911,631309,460
2026-02-09$10.32$7.50120.4%34.9%125.9%23.9%122.8%-2.0%1.2%3.3M-283.3M-1.7M0.2626.63132,05434,786832,190276,865
2026-02-10$9.70$7.50119.0%33.6%126.5%23.2%120.0%-0.0%-3.8%2.7M-222.7M-1.6M0.4418.0470,78231,298871,030298,828
2026-02-11$9.23$7.50117.2%33.5%123.5%22.3%120.5%0.7%0.7%1.7M-162.9M-1.5M0.3824.4099,41637,560886,524317,417
2026-02-12$8.91$9.00117.8%33.7%123.6%22.6%122.2%-5.5%-0.6%1.4M-141.2M-1.5M0.6015.1475,30045,038909,518326,424
2026-02-13$9.29$9.00117.9%33.8%125.4%22.7%120.5%0.7%-0.5%1.8M-173.9M-1.5M0.4314.84117,69650,069922,821340,138
2026-02-17$9.84$9.00126.6%36.4%126.9%27.0%127.9%-3.5%-4.9%2.5M-243.4M-1.6M0.2219.02202,72244,951843,531305,149
2026-02-18$10.89$9.00128.3%36.8%130.2%27.9%128.6%0.8%-2.4%4.7M-385.7M-1.8M0.2620.91228,33359,527909,375323,700
2026-02-19$11.39$9.00133.3%38.5%130.5%30.4%132.0%4.3%-6.6%6.3M-456.4M-1.9M0.3724.86181,66967,804951,763345,233
2026-02-20$10.16$9.00125.7%36.3%136.0%26.6%128.0%-4.0%-2.1%2.8M-283.6M-1.8M0.5535.76209,434114,826989,385383,884
2026-02-23$10.20$9.00127.9%37.3%135.9%27.7%131.2%-2.8%-1.4%3.2M-282.5M-1.7M0.1719.24140,99223,711791,426313,106
2026-02-24$10.39$9.00127.5%37.5%132.1%27.5%128.7%2.0%1.1%4.1M-305.0M-1.7M0.2319.15113,11925,785827,004322,381
2026-02-25$10.52$9.00124.8%35.2%126.9%26.1%125.1%-1.5%1.3%4.8M-325.1M-1.8M0.2824.1196,86127,192849,487334,683
2026-02-26$10.41$9.00117.8%35.9%126.8%22.6%125.4%-0.6%1.1%4.7M-307.8M-1.8M0.3427.1999,75533,624867,311347,647
2026-02-27$9.96$9.00119.8%34.9%124.6%23.6%122.7%-0.1%3.4%2.8M-252.2M-1.7M0.9937.55131,355129,598888,882358,704