TUA Options History — January 2026

In January 2026, TUA traded between $21.63 and $21.95. ATM implied volatility averaged 21.3%, placing in the 36.4% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 17.0% (HV 20d: 4.3%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.31.

Notable Days

2026-01-15: Highest Volume — 80 contracts
2026-01-28: Largest IV spike — 92.4% change
2026-01-16: Highest IV Rank — 62.2%
2026-01-16: Largest Expected Move — 7.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.77	$21.63	$21.95	$21.89	$21.80
Max Pain	$22.00	$22.00	$22.00	$22.00	$22.00
ATM IV	21.3%	10.9%	33.8%	21.8%	14.2%
Expected Move	5.6%	3.1%	7.4%	6.3%	4.1%
HV 20d	4.3%	3.3%	5.2%	5.2%	3.6%
HV 60d	5.1%	4.6%	5.5%	5.4%	4.6%
IV Rank	36.4%	16.7%	62.2%	27.3%	26.7%
IV Percentile	78.0%	29.4%	96.8%	82.5%	50.4%
Term Structure	-2.8%	-11.8%	5.3%	-7.3%	1.8%
VWIV	14.5%	12.5%	16.5%	16.5%	12.5%
Skew 25d	3.9%	-18.1%	21.0%	-18.1%	2.7%
Skew 10d	4.6%	-13.6%	24.4%	-13.6%	1.7%
Call IV 25d	25.4%	12.6%	34.8%	30.5%	22.4%
Put IV 25d	29.3%	12.4%	36.5%	12.4%	25.1%
Bid-Ask Spread %	131.10	117.26	137.03	117.26	119.14
Gamma HHI	0.47	0.38	0.55	0.45	0.51
Net GEX	101.0K	56.7K	117.8K	114.9K	110.6K
Net DEX	-565.1K	-682.5K	-474.4K	-647.7K	-585.2K
Net VEX	-1.9K	-2.6K	-1.4K	-2.0K	-1.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.31	0.00	1.00	0.00	0.83
Total Volume	15.05	0	80	30	11
Total OI	1,074.7	1,033	1,104	1,068	1,100

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2026-01-02	$21.89	$22.00	21.8%	6.3%	5.2%	27.3%	0.0%	-18.1%	-7.3%	114.9K	-647.7K	-2.0K	0.00	117.26	N/A	N/A	30	0	1,010	58
2026-01-05	$21.95	$22.00	20.5%	6.1%	5.1%	25.1%	0.0%	6.1%	-5.8%	116.0K	-682.5K	-2.0K	0.00	136.74	N/A	N/A	0	0	1,010	58
2026-01-06	$21.91	$22.00	21.5%	5.7%	4.9%	26.8%	0.0%	0.4%	-3.6%	117.8K	-659.9K	-1.9K	0.00	136.64	N/A	N/A	0	0	1,010	58
2026-01-07	$21.91	$22.00	22.7%	5.3%	4.9%	28.7%	0.0%	5.3%	-0.1%	109.5K	-602.4K	-1.8K	0.00	131.72	N/A	N/A	0	0	986	58
2026-01-08	$21.88	$22.00	24.0%	5.5%	4.8%	31.0%	0.0%	-0.7%	-0.3%	111.7K	-602.7K	-1.9K	0.00	137.03	N/A	N/A	0	0	986	58
2026-01-09	$21.77	$22.00	25.6%	5.0%	4.6%	33.5%	0.0%	5.8%	1.9%	100.3K	-528.1K	-2.0K	0.00	130.24	N/A	N/A	0	0	986	58
2026-01-12	$21.77	$22.00	33.8%	4.8%	4.5%	47.1%	0.0%	15.3%	5.2%	110.4K	-517.8K	-1.7K	0.00	134.98	N/A	N/A	0	50	986	58
2026-01-13	$21.80	$22.00	24.5%	7.4%	4.6%	31.8%	0.0%	0.0%	-11.3%	79.4K	-575.7K	-2.3K	0.00	135.46	N/A	N/A	5	0	986	108
2026-01-14	$21.82	$22.00	20.7%	5.9%	4.5%	25.4%	0.0%	9.4%	-0.1%	93.1K	-560.1K	-2.1K	0.00	134.15	N/A	N/A	0	0	986	108
2026-01-15	$21.71	$22.00	20.9%	6.0%	4.6%	35.4%	16.5%	5.1%	-0.5%	85.9K	-514.0K	-2.1K	0.00	136.30	N/A	N/A	80	0	986	108
2026-01-16	$21.66	$22.00	25.9%	7.4%	4.6%	62.2%	0.0%	-16.8%	-11.8%	92.8K	-474.4K	-1.9K	0.00	135.61	N/A	N/A	5	0	996	108
2026-01-20	$21.66	$22.00	20.5%	5.9%	4.4%	45.8%	0.0%	0.9%	-0.7%	108.8K	-508.5K	-1.7K	0.00	135.50	N/A	N/A	0	50	941	92
2026-01-21	$21.68	$22.00	20.8%	6.0%	4.4%	46.9%	0.0%	5.1%	-0.1%	110.4K	-518.2K	-1.6K	0.00	135.82	N/A	N/A	0	0	941	142
2026-01-22	$21.63	$22.00	21.2%	6.1%	4.4%	47.8%	0.0%	20.9%	-1.2%	102.1K	-490.4K	-1.7K	0.00	135.22	N/A	N/A	0	0	941	142
2026-01-23	$21.66	$22.00	21.0%	6.0%	3.6%	47.5%	0.0%	5.6%	-5.7%	113.8K	-509.0K	-1.7K	0.00	135.25	N/A	N/A	0	0	941	142
2026-01-26	$21.69	$22.00	21.2%	6.1%	3.6%	47.8%	0.0%	21.0%	-3.5%	104.3K	-534.5K	-1.8K	0.00	133.07	N/A	N/A	0	0	941	142
2026-01-27	$21.70	$22.00	10.9%	3.1%	3.4%	16.7%	0.0%	5.9%	5.3%	114.1K	-515.3K	-1.4K	1.00	118.78	N/A	N/A	5	5	941	142
2026-01-28	$21.68	$22.00	21.0%	6.0%	3.3%	47.2%	0.0%	1.6%	-9.7%	56.7K	-637.9K	-2.6K	0.00	121.51	N/A	N/A	0	0	943	147
2026-01-29	$21.73	$22.00	14.4%	4.1%	3.4%	27.3%	0.0%	2.3%	-8.9%	66.4K	-638.4K	-2.4K	0.00	121.57	N/A	N/A	0	60	943	147
2026-01-30	$21.80	$22.00	14.2%	4.1%	3.6%	26.7%	12.5%	2.7%	1.8%	110.6K	-585.2K	-1.7K	0.83	119.14	N/A	N/A	6	5	943	157