ORBS Options History — February 2026

Name: ORBS Options Analytics - February 2026
Creator: Options Analysis Suite

In February 2026, ORBS traded between $1.04 and $1.37. ATM implied volatility averaged 163.5%. The 30-day expected move averaged 49.1%. IV traded above realized volatility by 55.1% (HV 20d: 108.3%). Max pain ranged from $1.50 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 1.66.

Notable Days

2026-02-25: Highest Volume — 809 contracts
2026-02-24: Largest IV spike — 130.8% change
2026-02-17: Largest Expected Move — 81.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.25	$1.04	$1.37	$1.33	$1.04
Max Pain	$3.92	$1.50	$5.00	$1.50	$5.00
ATM IV	163.5%	99.1%	283.7%	111.0%	142.6%
Expected Move	49.1%	26.6%	81.3%	31.8%	40.9%
HV 20d	108.3%	91.5%	116.9%	95.3%	100.1%
HV 60d	116.0%	106.4%	125.0%	125.0%	107.5%
Term Structure	38.0%	-127.2%	268.4%	49.5%	163.6%
VWIV	175.2%	103.3%	368.6%	125.4%	163.5%
Skew 25d	15.1%	-116.8%	186.0%	66.2%	-86.3%
Skew 10d	32.2%	-114.6%	270.8%	123.9%	28.0%
Call IV 25d	159.1%	79.8%	242.6%	101.0%	205.3%
Put IV 25d	174.2%	114.6%	296.9%	167.2%	119.0%
Bid-Ask Spread %	101.36	53.86	134.46	103.70	57.85
Gamma HHI	0.21	0.17	0.31	0.19	0.19
Net GEX	4.4K	2.6K	8.0K	7.7K	2.8K
Net DEX	220.8K	-322.3K	747.2K	-225.5K	92.9K
Net VEX	-4.4K	-6.8K	-2.1K	-6.8K	-3.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.66	0.00	23.27	0.02	0.00
Total Volume	421.895	67	809	458	626
Total OI	39,051.684	35,817	40,756	39,301	36,815

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2026-02-02	$1.33	$1.50	111.0%	31.8%	95.3%	0.0%	125.4%	66.2%	49.5%	7.7K	-225.5K	-6.8K	0.02	103.70	N/A	N/A	449	9	30,095	9,206
2026-02-03	$1.37	$1.50	102.6%	29.4%	91.6%	0.0%	103.3%	18.4%	71.2%	5.8K	278.5K	-4.5K	0.24	106.65	N/A	N/A	349	83	30,203	9,206
2026-02-04	$1.35	$1.50	99.1%	28.4%	91.5%	0.0%	107.6%	93.0%	74.3%	8.0K	-322.3K	-6.0K	0.01	115.41	N/A	N/A	415	3	30,334	9,196
2026-02-05	$1.17	$2.50	100.3%	68.6%	99.9%	0.0%	0.0%	88.6%	-122.7%	5.0K	41.7K	-5.5K	0.25	127.05	N/A	N/A	233	59	30,378	9,196
2026-02-06	$1.36	$2.50	150.7%	26.6%	116.9%	0.0%	0.0%	186.0%	-15.1%	6.0K	156.8K	-5.7K	0.23	134.46	N/A	N/A	226	51	30,331	9,177
2026-02-09	$1.35	$2.50	156.7%	46.7%	116.4%	0.0%	182.9%	-1.8%	-120.7%	4.5K	584.2K	-3.1K	0.03	98.32	N/A	N/A	609	19	30,458	9,151
2026-02-10	$1.35	$2.50	131.1%	54.3%	116.3%	0.0%	0.0%	6.1%	-127.2%	6.6K	120.3K	-5.0K	23.27	110.38	N/A	N/A	26	605	30,776	9,150
2026-02-11	$1.27	$5.00	177.0%	50.8%	115.5%	0.0%	0.0%	116.4%	-93.3%	2.6K	747.2K	-2.1K	0.74	116.93	N/A	N/A	103	76	30,789	9,455
2026-02-12	$1.19	$5.00	186.4%	53.4%	114.5%	0.0%	0.0%	-23.7%	268.4%	4.4K	186.7K	-5.0K	0.08	114.71	N/A	N/A	140	11	30,845	9,412
2026-02-13	$1.23	$5.00	152.5%	43.7%	116.1%	0.0%	0.0%	-2.1%	128.8%	4.0K	170.9K	-5.3K	0.51	110.97	N/A	N/A	203	103	30,856	9,415
2026-02-17	$1.23	$5.00	283.7%	81.3%	112.2%	0.0%	0.0%	11.7%	83.1%	2.9K	382.9K	-4.2K	0.06	90.90	N/A	N/A	63	4	31,006	9,415
2026-02-18	$1.23	$5.00	234.0%	67.1%	111.7%	0.0%	368.6%	-18.2%	39.8%	3.2K	355.1K	-4.3K	0.41	92.68	N/A	N/A	548	225	31,006	9,413
2026-02-19	$1.23	$5.00	101.1%	29.0%	111.5%	0.0%	0.0%	-34.5%	115.4%	4.1K	316.4K	-4.0K	1.53	117.34	N/A	N/A	115	176	31,332	9,424
2026-02-20	$1.23	$5.00	133.2%	38.2%	111.5%	0.0%	163.5%	-116.8%	-1.8%	4.4K	3.3K	-5.5K	3.17	112.44	N/A	N/A	109	345	31,274	9,397
2026-02-23	$1.19	$5.00	113.1%	32.4%	111.7%	0.0%	0.0%	80.6%	18.6%	2.7K	333.3K	-3.4K	0.72	53.86	N/A	N/A	337	244	27,407	8,410
2026-02-24	$1.20	$5.00	261.1%	74.9%	109.9%	0.0%	0.0%	-14.3%	25.2%	2.7K	356.2K	-3.2K	0.25	109.03	N/A	N/A	241	61	27,591	8,617
2026-02-25	$1.21	$5.00	197.5%	56.6%	106.9%	0.0%	0.0%	-32.4%	59.6%	3.1K	327.7K	-3.3K	0.04	85.81	N/A	N/A	776	33	27,657	8,633
2026-02-26	$1.13	$5.00	272.1%	78.0%	109.0%	0.0%	0.0%	-50.3%	104.8%	3.0K	289.3K	-3.5K	0.01	67.41	N/A	N/A	339	2	28,304	8,652
2026-02-27	$1.04	$5.00	142.6%	40.9%	100.1%	0.0%	0.0%	-86.3%	163.6%	2.8K	92.9K	-3.9K	0.00	57.85	N/A	N/A	623	3	28,201	8,614