ORBS Options History — March 2026

In March 2026, ORBS traded between $0.77 and $1.29. ATM implied volatility averaged 185.5%. The 30-day expected move averaged 52.0%. IV traded above realized volatility by 43.2% (HV 20d: 142.3%). Max pain ranged from $0.50 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.25.

Notable Days

  • 2026-03-16: Highest Volume — 100,713 contracts
  • 2026-03-09: Largest IV spike — 94.7% change
  • 2026-03-16: Largest Expected Move — 69.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.01$0.77$1.29$1.10$0.95
Max Pain$2.05$0.50$5.00$5.00$1.00
ATM IV185.5%62.0%253.6%178.5%217.8%
Expected Move52.0%17.8%69.4%51.2%62.4%
HV 20d142.3%74.4%198.2%102.3%198.2%
HV 60d122.5%104.8%137.1%106.1%137.1%
Term Structure17.6%-148.4%315.1%315.1%-8.0%
VWIV206.9%130.9%253.8%211.5%229.5%
Skew 25d-34.5%-148.2%50.9%-10.8%-148.2%
Skew 10d-12.6%-265.5%82.5%-10.5%-265.5%
Call IV 25d209.6%99.7%350.5%154.4%350.5%
Put IV 25d175.1%124.8%265.5%143.6%202.3%
Bid-Ask Spread %51.4017.91168.1385.0724.40
Gamma HHI0.270.180.500.220.27
Net GEX5.8K41923.1K3.2K6.5K
Net DEX-518.2K-3.0M499.1K321.4K-773.9K
Net VEX-6.2K-13.0K-1.8K-2.9K-10.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.250.011.030.010.18
Total Volume16,12342100,7133834,046
Total OI81,489.8137,305135,89237,305118,311

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$1.10$5.00178.5%51.2%102.3%0.0%211.5%-10.8%315.1%3.2K321.4K-2.9K0.0185.07N/AN/A379428,6918,614
2026-03-03$1.04$5.00135.1%0.0%95.9%0.0%0.0%-31.6%-13.7%1.3K499.1K-1.8K0.13168.13N/AN/A1341729,0008,614
2026-03-04$1.15$5.00121.8%34.9%103.1%0.0%130.9%50.9%258.4%3.7K279.3K-2.6K1.03117.19N/AN/A36537629,1128,628
2026-03-05$1.06$2.5062.0%17.8%106.3%0.0%207.7%-59.8%99.0%3.1K165.2K-3.4K0.35100.44N/AN/A311129,3438,991
2026-03-06$1.04$2.5073.2%21.0%94.5%0.0%232.1%-4.2%196.5%41935.7K-2.4K0.0492.93N/AN/A115529,3688,992
2026-03-09$1.04$2.50142.5%46.7%74.4%0.0%147.0%39.7%-110.8%2.7K320.4K-2.7K0.0152.50N/AN/A378329,4808,869
2026-03-10$0.77$2.50253.6%42.4%126.1%0.0%191.9%22.9%-33.1%1.7K263.6K-2.1K0.0668.83N/AN/A1,4938429,6178,866
2026-03-11$0.79$2.50147.6%42.3%127.2%0.0%191.0%-33.2%-23.9%2.1K182.4K-2.3K0.0565.92N/AN/A1,1286030,3828,938
2026-03-12$0.93$2.50202.9%58.1%143.1%0.0%199.5%-43.6%-148.4%3.3K103.3K-2.9K0.4341.58N/AN/A17,0317,29031,2498,986
2026-03-13$0.00$0.00185.4%0.0%143.1%0.0%0.0%0.0%0.0%11.3K-271.2K-3.7K0.000.00N/AN/A0000
2026-03-16$1.10$2.50237.7%69.4%143.1%0.0%252.0%-71.1%-77.0%12.5K-925.5K-5.1K0.0725.66N/AN/A94,1596,55444,18916,128
2026-03-17$0.97$0.50206.3%57.8%147.4%0.0%209.4%-62.7%-24.5%23.1K-1.4M-6.6K0.2217.91N/AN/A37,0968,09880,80321,024
2026-03-18$0.89$1.00201.8%54.6%147.9%0.0%186.6%-2.0%-17.8%8.2K-511.0K-6.0K0.3721.93N/AN/A38,03913,99592,69726,863
2026-03-19$0.90$1.00200.1%52.0%148.2%0.0%138.9%-72.6%37.3%1.1K130.8K-6.9K0.2419.00N/AN/A7,5691,78597,28436,746
2026-03-20$0.91$1.00196.3%54.4%148.5%0.0%198.3%3.0%-11.0%1.5K208.8K-7.5K0.7021.36N/AN/A5,6893,95788,61638,333
2026-03-23$1.02$1.00212.7%62.1%156.2%0.0%199.5%9.7%-37.5%1.7K-578.7K-9.0K0.1322.18N/AN/A6,04781559,86035,932
2026-03-24$1.29$1.00237.5%66.9%180.2%0.0%234.3%-64.5%-0.4%6.7K-2.0M-11.1K0.3029.43N/AN/A28,4748,44663,12336,038
2026-03-25$1.27$1.00226.9%69.3%179.9%0.0%230.1%-45.0%-32.1%11.5K-3.0M-13.0K0.0623.98N/AN/A25,7921,50779,07943,967
2026-03-26$1.13$1.00215.3%56.8%184.1%0.0%242.8%-38.7%25.8%11.9K-2.2M-12.2K0.1126.71N/AN/A5,49162890,74145,151
2026-03-27$1.04$1.00219.3%62.1%185.7%0.0%250.8%-96.5%-35.9%7.8K-1.5M-11.7K0.3433.59N/AN/A3,4721,17389,39845,634
2026-03-30$0.86$1.00206.4%57.5%195.0%0.0%253.8%-67.0%12.3%2.9K-629.0K-9.4K0.4120.71N/AN/A4,8601,98777,14138,488
2026-03-31$0.95$1.00217.8%62.4%198.2%0.0%229.5%-148.2%-8.0%6.5K-773.9K-10.3K0.1824.40N/AN/A3,42562178,20140,110