S Options History — January 2026

In January 2026, S traded between $13.59 and $15.48. ATM implied volatility averaged 41.6%, placing in the 12.9% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 9.5% (HV 20d: 32.1%). Max pain ranged from $14.00 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.32.

Notable Days

  • 2026-01-27: Highest Volume — 50,373 contracts
  • 2026-01-27: Largest IV spike — 13.9% change
  • 2026-01-27: Highest IV Rank — 30.4%
  • 2026-01-30: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.53$13.59$15.48$14.61$13.91
Max Pain$14.60$14.00$15.00$14.00$15.00
ATM IV41.6%36.7%50.0%36.7%47.7%
Expected Move11.8%10.2%13.4%10.2%13.4%
HV 20d32.1%22.5%60.9%60.4%42.2%
HV 60d46.2%45.6%47.3%46.6%47.3%
IV Rank12.9%2.5%30.4%2.5%25.6%
IV Percentile31.9%3.2%56.7%3.2%53.2%
Term Structure0.7%-3.6%8.3%2.5%1.2%
VWIV41.9%36.4%47.5%36.4%46.8%
Skew 25d0.2%-1.9%2.6%1.3%-0.0%
Skew 10d3.5%-16.4%17.6%4.1%5.1%
Call IV 25d42.3%37.1%48.7%37.1%48.6%
Put IV 25d42.6%38.1%48.6%38.3%48.6%
Bid-Ask Spread %66.7623.7181.0948.7369.70
Gamma HHI0.150.110.350.140.12
Net GEX2.5M1.3M4.4M2.4M1.6M
Net DEX-72.6M-108.7M-39.1M-68.5M-62.8M
Net VEX-755.2K-861.6K-683.7K-757.5K-786.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.040.750.580.14
Total Volume11,312.454,09050,3736,9206,966
Total OI323,298.35245,916381,840370,042288,199

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$14.61$14.0036.7%10.2%60.4%2.5%36.4%1.3%2.5%2.4M-68.5M-757.5K0.5848.73N/AN/A4,3922,528298,31771,725
2026-01-05$14.86$14.0038.9%11.3%60.9%7.2%40.7%0.5%-1.9%2.4M-77.3M-770.8K0.1423.71N/AN/A10,2991,443293,20872,291
2026-01-06$15.11$14.0038.6%11.0%24.1%6.4%38.7%-1.2%-0.8%2.6M-89.0M-771.0K0.0467.90N/AN/A11,684434291,85773,141
2026-01-07$15.48$14.0038.6%11.2%24.1%6.5%38.4%-1.5%-1.5%2.9M-108.7M-806.8K0.1568.74N/AN/A7,7531,140296,37173,050
2026-01-08$15.23$14.0039.8%10.9%24.9%9.0%39.1%1.6%0.3%3.1M-99.2M-783.5K0.5970.79N/AN/A2,5711,519299,02172,761
2026-01-09$15.14$14.0038.4%11.0%23.8%6.1%38.9%1.1%-0.9%2.9M-94.8M-769.8K0.6167.92N/AN/A2,8161,705299,74473,266
2026-01-12$15.09$14.0038.9%11.2%22.5%7.2%40.1%0.3%0.9%2.8M-90.9M-759.3K0.2764.48N/AN/A4,8271,306295,79071,825
2026-01-13$14.52$14.0038.7%11.2%26.3%6.7%37.8%-0.6%1.1%2.7M-65.4M-719.2K0.5463.95N/AN/A10,8835,831297,17171,268
2026-01-14$14.21$15.0040.3%11.0%26.9%10.2%40.3%2.6%-3.6%2.7M-55.6M-726.4K0.3573.41N/AN/A6,0702,151303,96775,480
2026-01-15$14.07$15.0040.2%11.5%27.0%9.9%44.1%2.6%-0.9%3.0M-46.0M-709.2K0.2670.98N/AN/A8,6072,215304,68277,158
2026-01-16$13.88$15.0041.8%11.8%26.8%13.2%44.0%0.2%-0.4%4.4M-39.1M-700.2K0.7574.04N/AN/A11,1128,372307,60272,909
2026-01-20$13.59$15.0042.6%12.2%27.4%14.9%44.0%-0.9%-1.6%1.3M-43.1M-684.2K0.5078.71N/AN/A6,7803,397198,95646,960
2026-01-21$13.75$15.0041.8%12.0%27.9%13.2%42.5%-1.1%-1.3%1.3M-46.0M-683.7K0.1868.81N/AN/A5,7331,060201,56648,861
2026-01-22$14.16$15.0041.5%11.9%29.3%12.5%42.0%-0.1%-0.3%1.8M-58.4M-726.8K0.1762.54N/AN/A5,401938204,03949,127
2026-01-23$14.29$15.0043.1%12.3%29.4%16.0%42.4%-1.9%0.7%1.6M-64.2M-738.1K0.0673.56N/AN/A11,811755206,25749,486
2026-01-26$14.57$15.0043.9%12.7%30.3%17.6%44.3%1.8%3.1%2.1M-73.7M-759.6K0.3366.61N/AN/A6,2752,076204,37748,709
2026-01-27$15.13$15.0050.0%13.2%33.0%30.4%46.0%1.9%8.3%2.5M-95.8M-804.3K0.1072.75N/AN/A45,8544,519206,63550,821
2026-01-28$15.07$15.0043.9%12.7%33.0%17.7%44.8%-1.0%6.3%3.2M-108.5M-861.6K0.1581.09N/AN/A7,1481,041228,87454,232
2026-01-29$13.96$15.0047.4%13.3%42.3%25.0%47.5%-0.5%2.0%1.8M-64.6M-786.5K0.4666.69N/AN/A4,6972,140231,72454,540
2026-01-30$13.91$15.0047.7%13.4%42.2%25.6%46.8%-0.0%1.2%1.6M-62.8M-786.0K0.1469.70N/AN/A6,092874232,09756,102