S Options History — February 2026

In February 2026, S traded between $12.36 and $14.31. ATM implied volatility averaged 70.0%, placing in the 72.6% IV rank vs the trailing year. The 30-day expected move averaged 20.8%. IV traded above realized volatility by 13.2% (HV 20d: 56.8%). Max pain ranged from $13.00 to $15.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.14.

Notable Days

  • 2026-02-09: Highest Volume — 32,877 contracts
  • 2026-02-12: Largest IV spike — 8.5% change
  • 2026-02-26: Highest IV Rank — 88.0%
  • 2026-02-27: Largest Expected Move — 23.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.30$12.36$14.31$14.31$13.16
Max Pain$13.45$13.00$15.00$15.00$13.00
ATM IV70.0%56.3%77.4%56.3%74.7%
Expected Move20.8%13.9%23.8%13.9%23.8%
HV 20d56.8%42.6%63.5%42.6%58.3%
HV 60d51.4%46.8%54.0%46.8%54.0%
IV Rank72.6%43.7%88.0%43.7%82.3%
IV Percentile90.0%62.7%98.8%62.7%95.2%
Term Structure1.5%-4.8%10.1%10.1%-2.6%
VWIV73.1%50.0%83.5%50.0%80.2%
Skew 25d1.2%-8.0%12.4%-4.0%4.6%
Skew 10d-1.6%-26.6%27.5%5.5%3.7%
Call IV 25d70.6%53.0%78.8%53.0%74.5%
Put IV 25d71.8%49.0%86.4%49.0%79.1%
Bid-Ask Spread %58.4846.7769.0569.0566.03
Gamma HHI0.120.100.150.120.13
Net GEX2.2M1.4M2.8M2.1M2.5M
Net DEX-69.3M-97.7M-45.7M-75.1M-70.5M
Net VEX-761.2K-850.2K-670.5K-805.1K-705.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.140.040.410.040.18
Total Volume15,301.0534,23232,87724,16010,971
Total OI316,252.053278,645338,977278,645316,527

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$14.31$15.0056.3%13.9%42.6%43.7%50.0%-4.0%10.1%2.1M-75.1M-805.1K0.0469.05N/AN/A23,317843226,80551,840
2026-02-03$13.14$15.0061.0%17.8%51.4%53.6%59.8%-8.0%5.8%1.4M-45.7M-715.1K0.1063.04N/AN/A25,9922,664232,36952,209
2026-02-04$13.61$14.5060.3%16.4%52.9%52.1%58.8%-4.8%4.2%2.0M-68.9M-776.3K0.0868.83N/AN/A11,497907245,68053,815
2026-02-05$12.98$14.0064.1%21.2%53.7%60.1%73.3%-3.2%6.8%1.6M-54.4M-729.6K0.4153.93N/AN/A6,7932,814251,25754,039
2026-02-06$13.11$14.0061.5%20.2%54.0%54.6%73.3%-0.8%7.6%2.0M-55.3M-731.5K0.2554.06N/AN/A9,9732,487253,33252,698
2026-02-09$13.18$14.0064.6%20.2%54.2%61.2%72.0%3.1%4.6%1.9M-57.3M-730.1K0.0856.59N/AN/A30,3632,514245,65252,504
2026-02-10$13.73$13.0067.4%19.9%56.8%67.0%70.6%4.0%1.6%2.6M-92.5M-850.2K0.0854.38N/AN/A20,9701,723268,62053,232
2026-02-11$13.48$13.0068.1%20.5%55.7%68.6%73.0%-0.8%2.5%2.7M-84.5M-836.0K0.1453.99N/AN/A5,411745278,95554,100
2026-02-12$13.16$13.0073.9%21.2%55.8%80.7%75.3%2.2%2.7%2.3M-70.1M-794.9K0.0752.77N/AN/A7,843573279,83654,380
2026-02-13$13.82$13.0075.3%20.9%58.8%83.7%72.9%9.7%-4.4%2.5M-97.7M-846.2K0.0651.35N/AN/A23,5201,409284,74954,228
2026-02-17$13.43$13.0075.7%21.5%59.4%84.6%78.0%1.1%-1.7%2.3M-77.0M-803.4K0.2154.29N/AN/A4,571979281,60353,167
2026-02-18$13.45$13.0075.3%21.6%59.0%83.6%75.2%0.2%-2.1%2.2M-73.1M-792.6K0.1246.77N/AN/A3,767465282,21353,465
2026-02-19$13.59$13.0073.9%21.3%59.0%80.7%75.0%1.2%-4.8%2.2M-76.6M-792.2K0.1358.58N/AN/A4,397561283,02453,677
2026-02-20$12.98$13.0074.0%21.5%59.9%81.0%75.2%3.2%-3.0%2.0M-59.9M-741.6K0.3765.04N/AN/A10,4483,902284,67852,431
2026-02-23$12.36$13.0075.1%22.4%61.7%83.3%81.7%-0.9%-2.5%1.7M-49.8M-670.5K0.1256.96N/AN/A19,1772,345257,37645,033
2026-02-24$12.73$13.0075.5%23.5%62.4%84.2%83.5%-0.2%1.2%2.2M-62.8M-704.1K0.0457.67N/AN/A29,9871,285264,96046,232
2026-02-25$12.91$13.0076.2%23.0%60.7%85.5%81.2%12.4%-1.0%2.4M-66.7M-705.6K0.0665.68N/AN/A10,546586271,95046,550
2026-02-26$13.50$13.0077.4%23.4%63.5%88.0%80.1%4.1%3.5%2.8M-79.3M-731.7K0.1462.04N/AN/A3,846529268,75146,852
2026-02-27$13.16$13.0074.7%23.8%58.3%82.3%80.2%4.6%-2.6%2.5M-70.5M-705.5K0.1866.03N/AN/A9,3111,660269,68846,839