VERX Options History — January 2026

In January 2026, VERX traded between $18.48 and $20.09. ATM implied volatility averaged 69.5%, placing in the 61.5% IV rank vs the trailing year. The 30-day expected move averaged 19.0%. IV traded above realized volatility by 35.9% (HV 20d: 33.5%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 2.96.

Notable Days

  • 2026-01-29: Highest Volume — 45 contracts
  • 2026-01-20: Largest IV spike — 65.9% change
  • 2026-01-20: Highest IV Rank — 90.0%
  • 2026-01-20: Largest Expected Move — 25.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.45$18.48$20.09$19.02$18.48
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV69.5%48.5%89.7%66.3%84.4%
Expected Move19.0%13.2%25.7%19.0%24.2%
HV 20d33.5%27.1%42.6%32.6%42.6%
HV 60d40.9%35.1%42.2%41.3%35.1%
IV Rank61.5%32.3%90.0%57.2%82.2%
IV Percentile83.2%46.4%98.8%85.7%97.2%
Term Structure0.0%-40.0%27.6%-40.0%-9.8%
VWIV64.7%53.4%84.2%56.8%70.9%
Skew 25d5.1%-18.7%27.0%-6.0%-0.2%
Skew 10d8.9%-0.7%29.1%-0.7%9.4%
Call IV 25d60.1%32.2%87.1%47.6%83.8%
Put IV 25d65.2%38.9%89.8%41.5%83.6%
Bid-Ask Spread %126.04109.81138.40123.59130.25
Gamma HHI0.480.420.590.420.47
Net GEX50.4K42.6K61.3K52.5K42.6K
Net DEX-1.4M-1.7M-886.3K-1.7M-886.3K
Net VEX-10.9K-13.5K-8.2K-13.5K-8.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.960.0021.000.690.00
Total Volume14.65145271
Total OI5,338.055,2435,3845,3355,378

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$19.02$20.0066.3%19.0%32.6%57.2%0.0%-6.0%-40.0%52.5K-1.7M-13.5K0.69123.59N/AN/A16114,851484
2026-01-05$19.52$20.0054.2%16.1%33.7%40.2%56.8%-2.6%-2.1%48.3K-1.4M-11.9K0.20115.72N/AN/A514,865495
2026-01-06$19.75$20.0082.7%16.9%33.9%80.1%0.0%16.4%-1.9%51.6K-1.6M-13.0K0.33130.61N/AN/A314,869496
2026-01-07$19.98$20.0067.8%17.6%33.6%59.2%0.0%9.0%21.3%49.7K-1.6M-11.8K0.67124.98N/AN/A324,871497
2026-01-08$20.09$20.0072.7%14.9%33.2%66.1%54.8%21.0%15.8%57.6K-1.7M-12.7K6.00125.50N/AN/A164,873499
2026-01-09$19.91$20.0048.5%13.2%32.9%32.3%0.0%27.0%16.7%61.3K-1.7M-12.8K0.50135.24N/AN/A214,874505
2026-01-12$19.92$20.0064.2%17.6%32.9%54.3%61.5%16.2%7.5%54.0K-1.7M-12.1K0.38123.33N/AN/A1354,875505
2026-01-13$19.75$20.0055.1%14.0%33.0%41.5%68.8%1.3%11.4%55.4K-1.4M-11.7K0.00131.63N/AN/A0144,867506
2026-01-14$19.73$20.0067.9%19.5%32.7%59.4%0.0%-2.5%-0.2%49.8K-1.5M-11.2K0.00130.62N/AN/A104,867517
2026-01-15$19.05$20.0067.9%19.5%27.1%59.4%56.2%14.3%1.7%49.7K-1.4M-12.2K2.50133.25N/AN/A254,867517
2026-01-16$19.45$20.0054.1%15.5%28.3%40.1%63.3%26.6%15.2%46.8K-951.8K-8.2K0.18109.81N/AN/A2244,867515
2026-01-20$18.96$20.0089.7%25.7%29.2%90.0%84.2%3.3%-9.2%42.6K-1.2M-10.2K0.00133.58N/AN/A1204,777466
2026-01-21$18.68$20.0083.9%24.1%29.5%81.9%0.0%-17.8%-1.7%47.7K-1.1M-10.5K0.00138.40N/AN/A1604,787466
2026-01-22$19.59$20.0060.3%17.3%34.2%48.8%57.2%8.5%-8.5%51.8K-1.1M-8.7K17.00125.11N/AN/A2344,792466
2026-01-23$19.56$20.0067.6%19.4%33.8%59.1%0.0%11.1%-7.6%52.0K-1.3M-10.6K0.00118.48N/AN/A0124,793497
2026-01-26$19.78$20.0081.8%23.4%34.0%78.9%75.7%-9.6%-22.9%47.5K-1.4M-10.0K0.67125.91N/AN/A324,793496
2026-01-27$19.31$20.0074.5%21.3%34.8%68.6%74.1%-4.1%3.0%49.8K-1.2M-8.9K21.00116.75N/AN/A2424,796498
2026-01-28$19.81$20.0065.0%18.6%36.2%54.7%53.4%-18.7%27.6%51.7K-1.3M-8.7K0.00130.17N/AN/A404,797540
2026-01-29$18.57$20.0080.6%23.1%42.6%76.8%70.9%8.4%-15.5%45.5K-1.1M-10.3K3.09117.82N/AN/A11344,797540
2026-01-30$18.48$20.0084.4%24.2%42.6%82.2%0.0%-0.2%-9.8%42.6K-886.3K-8.5K0.00130.25N/AN/A104,807571