OPEN Options History — January 2026

In January 2026, OPEN traded between $5.11 and $7.31. ATM implied volatility averaged 93.1%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 26.0%. IV traded above realized volatility by 8.8% (HV 20d: 84.3%). Max pain ranged from $6.00 to $7.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.25.

Notable Days

  • 2026-01-09: Highest Volume — 776,803 contracts
  • 2026-01-07: Largest IV spike — 19.7% change
  • 2026-01-07: Highest IV Rank — 20.2%
  • 2026-01-07: Largest Expected Move — 32.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.30$5.11$7.31$6.01$5.11
Max Pain$6.45$6.00$7.00$6.50$6.00
ATM IV93.1%80.0%111.8%80.0%93.0%
Expected Move26.0%21.2%32.1%22.1%27.2%
HV 20d84.3%57.7%94.0%66.0%94.0%
HV 60d105.2%100.9%108.0%101.4%104.2%
IV Rank13.2%8.2%20.2%8.2%13.1%
IV Percentile15.0%4.8%37.7%4.8%16.3%
Term Structure2.5%-2.8%12.7%2.2%4.4%
VWIV95.1%81.4%112.2%82.8%100.0%
Skew 25d-6.5%-14.2%1.7%-2.9%-8.7%
Skew 10d-12.1%-35.1%25.9%-6.6%-35.1%
Call IV 25d97.6%81.1%112.8%81.1%100.1%
Put IV 25d91.1%78.2%111.6%78.2%91.4%
Bid-Ask Spread %21.347.6750.9512.1215.21
Gamma HHI0.180.120.500.500.13
Net GEX2.0M425.7K3.9M3.9M425.7K
Net DEX-74.9M-211.5M-9.4M-37.9M-9.4M
Net VEX-551.6K-633.2K-358.9K-358.9K-500.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.250.090.550.380.42
Total Volume200,930.980,649776,803117,766151,755
Total OI764,814.7489,235922,645546,600832,189

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$6.01$6.5080.0%22.1%66.0%8.2%82.8%-2.9%2.2%3.9M-37.9M-358.9K0.3812.1285,31332,453409,257137,343
2026-01-05$6.25$6.0084.7%25.7%57.7%10.0%94.4%-2.5%1.9%1.5M-46.2M-382.9K0.1411.85124,57517,626365,154124,081
2026-01-06$6.94$6.0093.4%27.5%68.4%13.3%98.1%0.9%3.2%3.0M-112.0M-465.4K0.0912.49312,46628,880422,195131,790
2026-01-07$6.22$6.00111.8%32.1%78.4%20.2%112.2%-1.2%-1.5%2.5M-77.7M-495.7K0.5524.45252,928139,002526,735143,462
2026-01-08$6.42$6.00102.1%29.3%76.9%16.6%104.9%1.7%-2.1%3.4M-89.4M-538.5K0.359.46146,09051,299571,429197,295
2026-01-09$7.31$6.00100.7%29.2%89.7%16.1%104.9%-2.1%-1.5%2.7M-211.5M-600.6K0.1811.46659,230117,573595,920203,627
2026-01-12$7.03$6.0099.2%28.4%90.8%15.5%103.8%-12.4%-0.1%3.0M-125.3M-626.3K0.267.67154,92040,475556,664184,338
2026-01-13$6.79$7.0090.5%25.8%87.9%12.2%94.6%-10.1%1.1%3.0M-105.0M-617.8K0.2712.01104,04328,491616,568201,404
2026-01-14$6.63$7.0091.1%26.8%88.0%12.4%97.0%-14.2%-0.0%2.4M-86.7M-595.0K0.2620.61125,52332,560638,073214,804
2026-01-15$6.28$7.0091.3%26.5%89.0%12.5%99.4%-11.2%2.9%1.2M-57.0M-579.6K0.3022.70101,38330,664666,502224,391
2026-01-16$6.66$7.0093.7%26.9%86.3%13.4%96.7%-6.2%0.7%1.8M-97.4M-633.2K0.1811.69253,20344,728693,275229,370
2026-01-20$6.36$6.0095.5%27.4%88.0%14.1%100.2%-10.5%6.8%1.9M-78.0M-600.1K0.1840.78173,16831,043557,339194,797
2026-01-21$6.42$7.0093.9%26.9%88.1%13.5%98.0%-8.3%6.9%3.0M-84.2M-617.3K0.1136.57122,47113,945631,145201,870
2026-01-22$6.44$7.0087.7%24.5%87.8%11.1%88.4%-8.0%12.7%3.0M-81.7M-611.7K0.2026.1882,62016,129666,086206,855
2026-01-23$6.04$7.0086.6%23.8%90.2%10.7%87.5%-8.5%10.7%627.1K-43.1M-563.2K0.3923.88137,28153,140682,564208,589
2026-01-26$5.94$6.5091.5%23.3%90.3%12.6%84.4%-4.2%0.7%897.8K-47.1M-563.5K0.2427.4574,09817,640537,751177,874
2026-01-27$5.86$6.5092.3%23.3%89.7%12.9%85.3%-7.3%-0.2%859.9K-43.0M-563.1K0.1326.1180,49710,405558,137188,885
2026-01-28$5.76$6.5093.0%22.3%89.1%13.1%88.5%-5.3%-2.8%862.0K-41.3M-578.8K0.2450.9573,05717,295590,411194,941
2026-01-29$5.54$6.0090.8%21.2%90.1%12.3%81.4%-8.6%3.6%534.7K-23.8M-540.0K0.2023.1667,04513,604613,941199,243
2026-01-30$5.11$6.0093.0%27.2%94.0%13.1%100.0%-8.7%4.4%425.7K-9.4M-500.9K0.4215.21107,12644,629633,569198,620