OUST Options History — February 2026

In February 2026, OUST traded between $17.35 and $21.08. ATM implied volatility averaged 115.9%, placing in the 46.7% IV rank vs the trailing year. The 30-day expected move averaged 32.3%. IV traded above realized volatility by 24.4% (HV 20d: 91.5%). Max pain ranged from $20.00 to $24.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.55.

Notable Days

  • 2026-02-04: Highest Volume — 8,084 contracts
  • 2026-02-09: Largest IV spike — 9.3% change
  • 2026-02-09: Highest IV Rank — 52.2%
  • 2026-02-27: Largest Expected Move — 35.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.10$17.35$21.08$20.37$18.84
Max Pain$22.05$20.00$24.00$24.00$20.00
ATM IV115.9%109.2%121.1%109.2%116.9%
Expected Move32.3%26.8%35.4%27.3%35.4%
HV 20d91.5%78.3%99.5%83.6%91.2%
HV 60d78.8%73.8%81.1%76.4%79.5%
IV Rank46.7%39.6%52.2%39.6%47.7%
IV Percentile74.9%65.9%85.3%65.9%77.8%
Term Structure-4.6%-19.1%1.5%1.5%-5.3%
VWIV114.9%93.8%127.5%93.8%127.5%
Skew 25d-1.5%-9.4%7.0%-9.4%-0.1%
Skew 10d-7.8%-19.9%9.5%-10.5%-14.5%
Call IV 25d118.5%107.7%124.1%119.1%118.1%
Put IV 25d117.0%109.7%120.8%109.7%118.1%
Bid-Ask Spread %49.0134.6379.3271.9144.19
Gamma HHI0.070.060.160.060.06
Net GEX200.3K117.3K410.2K182.9K235.7K
Net DEX-16.2M-24.0M-9.4M-17.3M-19.5M
Net VEX-228.5K-257.6K-210.1K-227.6K-228.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.101.290.360.49
Total Volume2,610.5269918,0842,0372,454
Total OI59,217.36850,93763,68254,66257,513

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$20.37$24.00109.2%27.3%83.6%39.6%93.8%-9.4%1.5%182.9K-17.3M-227.6K0.3671.91N/AN/A1,50353441,46013,202
2026-02-03$20.16$24.00112.4%26.8%79.6%43.0%95.7%-1.0%1.5%175.2K-15.4M-222.8K0.3379.32N/AN/A2,96198541,91113,455
2026-02-04$19.26$24.00121.0%27.6%78.3%52.0%101.1%-1.8%-8.8%287.4K-12.9M-212.7K0.1075.16N/AN/A7,34374144,13613,798
2026-02-05$17.35$24.00119.3%33.2%84.5%50.3%116.0%-1.4%-8.0%185.0K-9.4M-210.1K0.9539.61N/AN/A1,00095448,69113,979
2026-02-06$19.34$24.00110.8%30.9%90.0%41.3%112.5%5.7%0.7%410.2K-15.8M-233.8K0.3441.45N/AN/A1,67856548,92613,601
2026-02-09$21.08$24.00121.1%31.2%96.2%52.2%110.7%-6.6%-19.1%270.0K-24.0M-257.6K0.6446.55N/AN/A2,6121,66545,64813,203
2026-02-10$20.20$23.00117.2%32.5%96.7%48.0%113.2%-5.9%-4.8%225.5K-21.5M-250.0K0.7334.63N/AN/A81659246,87914,483
2026-02-11$18.93$23.00118.3%32.1%98.0%49.2%111.9%-0.2%-5.8%149.6K-14.3M-231.7K0.5646.40N/AN/A1,48982947,19914,898
2026-02-12$18.10$22.00116.8%32.9%98.1%47.6%116.3%-2.9%-5.4%131.8K-11.2M-221.9K0.5349.70N/AN/A1,34670848,10215,344
2026-02-13$18.70$22.00114.3%32.2%99.5%45.0%116.9%-0.6%-4.2%140.0K-13.7M-232.0K1.2946.29N/AN/A61178948,32115,331
2026-02-17$18.70$22.00118.0%33.5%99.1%48.8%120.5%-3.4%1.0%131.3K-14.0M-228.0K0.4340.80N/AN/A1,27555046,99514,742
2026-02-18$18.56$21.00114.6%32.8%97.1%45.3%118.5%-2.4%-2.2%117.3K-12.6M-220.6K0.4449.08N/AN/A1,54868647,25815,056
2026-02-19$18.94$22.00115.4%33.4%97.0%46.1%119.1%-1.1%-7.9%146.9K-14.4M-228.7K0.4946.53N/AN/A66332848,18715,216
2026-02-20$18.66$20.00116.7%33.9%90.9%47.5%121.2%-2.3%-5.3%171.7K-16.3M-226.3K0.7846.08N/AN/A1,07683448,90814,774
2026-02-23$17.98$20.00115.5%34.0%87.5%46.2%119.0%7.0%-4.9%129.1K-14.4M-211.8K0.5045.84N/AN/A1,49975338,14712,790
2026-02-24$18.64$20.00115.5%34.2%88.9%46.2%123.5%-1.8%-1.6%162.8K-17.4M-224.9K0.6243.97N/AN/A1,38586038,99713,270
2026-02-25$19.69$20.00114.9%34.8%91.2%45.6%119.8%0.8%-4.5%227.1K-22.5M-237.5K0.2141.83N/AN/A3,52375640,04413,778
2026-02-26$19.38$20.00114.6%34.7%91.1%45.3%125.4%-1.1%-5.2%326.7K-21.4M-234.1K0.5941.81N/AN/A1,06262742,83814,050
2026-02-27$18.84$20.00116.9%35.4%91.2%47.7%127.5%-0.1%-5.3%235.7K-19.5M-228.7K0.4944.19N/AN/A1,64381143,28114,232