S Options History — March 2026

In March 2026, S traded between $12.57 and $14.54. ATM implied volatility averaged 60.3%, placing in the 54.4% IV rank vs the trailing year. The 30-day expected move averaged 19.9%. IV traded above realized volatility by 13.2% (HV 20d: 47.1%). Max pain ranged from $13.00 to $14.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.29.

Notable Days

  • 2026-03-03: Highest Volume — 43,070 contracts
  • 2026-03-13: Largest IV drop — 26.5% change
  • 2026-03-03: Highest IV Rank — 89.5%
  • 2026-03-12: Largest Expected Move — 76.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.78$12.57$14.54$13.14$12.86
Max Pain$13.86$13.00$14.00$13.00$14.00
ATM IV60.3%46.4%78.1%75.4%54.8%
Expected Move19.9%13.4%76.6%25.1%15.7%
HV 20d47.1%35.1%58.3%58.3%51.8%
HV 60d46.7%43.0%53.4%53.4%50.1%
IV Rank54.4%25.6%89.5%83.8%45.4%
IV Percentile70.3%46.0%99.2%96.8%58.7%
Term Structure-1.9%-11.3%4.6%-5.3%1.1%
VWIV60.6%46.6%87.0%85.8%56.4%
Skew 25d2.7%-2.6%6.9%2.4%4.4%
Skew 10d6.8%-1.2%17.7%3.5%12.9%
Call IV 25d59.5%45.9%74.6%73.4%54.9%
Put IV 25d62.2%48.0%78.8%75.9%59.3%
Bid-Ask Spread %36.6317.1265.2146.9623.18
Gamma HHI0.170.130.260.130.13
Net GEX2.6M946.5K4.1M2.4M1.3M
Net DEX-69.0M-92.8M-31.4M-68.6M-36.9M
Net VEX-632.3K-710.3K-509.0K-695.6K-527.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.010.600.170.56
Total Volume12,115.8642,18843,0704,1362,588
Total OI271,361.227208,580311,478307,980221,883

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$13.14$13.0075.4%25.1%58.3%83.8%85.8%2.4%-5.3%2.4M-68.6M-695.6K0.1746.96N/AN/A3,531605262,10345,877
2026-03-03$13.25$13.0078.1%25.3%57.3%89.5%87.0%1.3%-8.2%2.6M-71.9M-701.5K0.0164.48N/AN/A42,528542262,41246,203
2026-03-04$13.48$13.0074.3%24.9%49.0%81.5%83.6%3.2%-7.1%2.7M-70.6M-663.9K0.4951.08N/AN/A3,7621,855255,71246,503
2026-03-05$14.00$14.0072.5%19.1%49.2%77.9%66.0%4.7%-5.0%3.5M-87.0M-699.3K0.6055.90N/AN/A5,3373,203257,21246,928
2026-03-06$14.13$14.0074.2%19.2%45.8%81.4%66.3%6.9%-5.0%3.9M-92.8M-705.3K0.2363.44N/AN/A6,5821,539258,27347,395
2026-03-09$14.34$14.0070.1%20.3%45.9%72.8%68.5%2.9%3.6%2.7M-92.6M-703.7K0.1265.21N/AN/A8,133993243,62546,603
2026-03-10$14.20$14.0072.2%18.6%46.1%77.1%65.0%3.5%-5.7%2.8M-91.1M-710.3K0.5053.58N/AN/A4,2502,141245,61246,675
2026-03-11$14.16$14.0072.9%19.0%44.0%78.6%68.6%-2.6%-3.7%2.8M-88.5M-682.7K0.0756.16N/AN/A11,609814247,80647,874
2026-03-12$13.79$14.0072.7%76.6%44.6%79.6%66.1%3.2%-11.3%2.5M-73.3M-651.4K0.5330.38N/AN/A21,26211,209245,54548,310
2026-03-13$14.49$14.0053.5%15.3%46.7%42.2%51.9%-0.1%-3.4%4.1M-85.7M-673.3K0.1925.12N/AN/A32,7276,116253,07258,406
2026-03-16$14.29$14.0050.7%14.2%44.1%35.6%50.0%1.7%1.4%3.2M-76.0M-642.8K0.4017.12N/AN/A5,7502,310240,31448,093
2026-03-17$14.47$14.0048.1%13.6%42.7%29.6%47.6%2.1%1.4%3.6M-81.9M-640.9K0.2818.64N/AN/A5,9971,700241,81547,431
2026-03-18$14.48$14.0047.0%13.4%42.7%27.0%46.6%1.5%0.5%3.9M-84.8M-647.5K0.2928.39N/AN/A2,262660242,97146,825
2026-03-19$14.54$14.0046.4%13.4%42.7%25.6%46.7%4.5%4.1%4.1M-85.5M-647.4K0.2624.72N/AN/A3,473904243,43146,491
2026-03-20$14.16$14.0048.5%13.6%40.2%30.5%47.4%2.9%4.6%3.4M-73.1M-615.6K0.2527.04N/AN/A8,3722,118243,41945,987
2026-03-23$14.42$14.0049.3%14.1%35.1%32.3%49.2%4.7%0.3%2.0M-64.4M-614.8K0.1428.13N/AN/A4,654640175,92332,657
2026-03-24$13.11$14.0049.9%14.4%49.7%33.9%52.6%1.7%0.3%1.2M-39.8M-542.5K0.3022.84N/AN/A7,1872,175178,88733,026
2026-03-25$13.38$14.0048.9%14.3%50.0%31.5%51.5%2.6%-1.1%1.3M-44.3M-561.7K0.1427.98N/AN/A3,840553182,33934,038
2026-03-26$13.36$14.0049.3%14.2%47.3%32.3%51.8%0.8%-0.7%1.3M-45.6M-558.9K0.1723.24N/AN/A1,871317183,95634,397
2026-03-27$12.57$14.0057.6%16.9%51.3%52.0%59.8%6.7%-1.9%946.5K-31.4M-509.0K0.6027.02N/AN/A19,82511,975184,72834,606
2026-03-30$12.61$14.0059.4%17.0%51.4%56.1%63.8%0.9%-0.4%962.2K-32.7M-515.4K0.1325.31N/AN/A7,646994177,45937,125
2026-03-31$12.86$14.0054.8%15.7%51.8%45.4%56.4%4.4%1.1%1.3M-36.9M-527.3K0.5623.18N/AN/A1,657931184,64837,235