ORBS Options History — January 2026

In January 2026, ORBS traded between $1.35 and $1.95. ATM implied volatility averaged 140.3%. The 30-day expected move averaged 40.4%. IV traded above realized volatility by 26.5% (HV 20d: 113.8%). Max pain ranged from $1.50 to $5.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.81.

Notable Days

  • 2026-01-05: Highest Volume — 7,359 contracts
  • 2026-01-20: Largest IV spike — 49.3% change
  • 2026-01-09: Largest Expected Move — 59.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.64$1.35$1.95$1.82$1.50
Max Pain$2.52$1.50$5.00$5.00$1.50
ATM IV140.3%104.0%216.6%171.2%122.6%
Expected Move40.4%29.8%59.2%49.1%35.1%
HV 20d113.8%86.5%127.5%127.3%95.0%
HV 60d124.9%119.9%128.7%128.2%123.3%
Term Structure11.0%-73.2%238.5%-59.9%44.5%
VWIV127.0%101.7%148.4%141.4%119.1%
Skew 25d15.0%-53.1%92.0%22.9%31.3%
Skew 10d-0.1%-94.2%93.9%-2.9%32.1%
Call IV 25d124.7%78.3%175.4%175.4%90.7%
Put IV 25d139.7%97.7%204.1%198.3%122.0%
Bid-Ask Spread %100.3152.22128.4852.22114.83
Gamma HHI0.220.170.310.230.17
Net GEX4.1K-3.0K10.1K-3.0K10.1K
Net DEX1.4M-706.0K3.3M3.3M-706.0K
Net VEX-7.9K-10.3K-2.8K-9.6K-8.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.035.611.990.03
Total Volume1,319.852747,3591,932274
Total OI51,908.9532,78066,00765,41439,311

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$1.82$5.00171.2%49.1%127.3%0.0%141.4%22.9%-59.9%-3.0K3.3M-9.6K1.9952.22N/AN/A6461,28634,69830,716
2026-01-05$1.95$5.00155.7%47.4%127.5%0.0%142.3%5.9%21.5%-1.6K3.2M-10.0K1.4463.35N/AN/A3,0214,33834,95729,786
2026-01-06$1.90$2.50163.5%37.0%125.3%0.0%146.5%0.5%142.4%1.4K2.8M-10.3K1.0793.96N/AN/A77282736,91628,178
2026-01-07$1.76$2.50136.1%42.8%126.3%0.0%135.0%15.3%-30.2%2.5K2.5M-10.2K0.12106.60N/AN/A1,41617637,29228,135
2026-01-08$1.73$2.50150.3%50.1%121.0%0.0%138.2%19.6%-39.7%2.2K2.8M-9.2K0.64102.02N/AN/A28518137,96628,041
2026-01-09$1.66$2.50216.6%59.2%118.8%0.0%126.3%92.0%-27.0%1.6K2.7M-8.6K0.2289.13N/AN/A4048938,18027,606
2026-01-12$1.67$2.50120.9%42.7%119.5%0.0%148.4%25.6%16.5%-1153.0M-7.6K5.6191.16N/AN/A3251,82238,33427,610
2026-01-13$1.75$2.50169.7%42.6%122.0%0.0%148.2%14.1%47.0%6.2K2.5M-9.0K0.36108.47N/AN/A72126038,57526,653
2026-01-14$1.83$2.50135.2%38.8%120.7%0.0%139.2%16.6%21.0%6.3K2.7M-8.8K0.81105.34N/AN/A66554239,03026,465
2026-01-15$1.79$2.50127.6%36.6%118.2%0.0%105.6%6.5%238.5%6.9K1.0M-9.5K0.25104.16N/AN/A1,20329539,30319,007
2026-01-16$1.62$2.50107.4%30.8%118.8%0.0%114.0%-53.1%10.5%5.6K1.1M-8.4K1.10103.95N/AN/A22725039,76718,888
2026-01-20$1.55$2.50160.3%46.0%119.2%0.0%106.7%49.5%-73.2%4.8K49.8K-7.0K0.08117.11N/AN/A1,68513924,1588,622
2026-01-21$1.50$2.00124.7%35.7%116.2%0.0%112.7%6.9%-54.2%4.2K337.9K-5.3K0.06128.48N/AN/A6343625,1178,667
2026-01-22$1.48$2.00120.4%34.5%110.6%0.0%128.9%-13.2%-23.5%5.4K-104.5K-6.2K0.38115.78N/AN/A2168128,2368,660
2026-01-23$1.44$2.00131.3%37.6%104.5%0.0%134.3%-23.2%-24.2%3.3K786.0K-2.8K0.48102.18N/AN/A36817728,3498,738
2026-01-26$1.35$2.00150.4%43.1%105.9%0.0%129.0%18.6%-41.2%6.1K98.3K-5.6K1.4183.26N/AN/A33847828,6578,769
2026-01-27$1.44$2.00104.0%29.8%100.6%0.0%101.7%21.4%55.9%7.3K-9.4K-6.6K0.04107.57N/AN/A6282528,7689,244
2026-01-28$1.42$2.00119.0%34.1%86.5%0.0%119.1%19.4%-40.2%6.1K-162.3K-6.8K0.04116.32N/AN/A3031329,1579,267
2026-01-29$1.60$2.00120.1%34.4%93.1%0.0%102.9%24.2%34.9%7.7K-36.2K-7.7K0.04100.39N/AN/A1,2054629,0769,280
2026-01-30$1.50$1.50122.6%35.1%95.0%0.0%119.1%31.3%44.5%10.1K-706.0K-8.8K0.03114.83N/AN/A266830,0999,212