VERX Options History — February 2026

In February 2026, VERX traded between $12.05 and $18.73. ATM implied volatility averaged 79.9%, placing in the 61.1% IV rank vs the trailing year. The 30-day expected move averaged 21.1%. IV traded below realized volatility by 6.0% (HV 20d: 85.8%). Max pain ranged from $12.50 to $20.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.88.

Notable Days

  • 2026-02-17: Highest Volume — 1,026 contracts
  • 2026-02-11: Largest IV drop — 33.9% change
  • 2026-02-05: Highest IV Rank — 100.0%
  • 2026-02-04: Largest Expected Move — 27.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.05$12.05$18.73$18.73$14.52
Max Pain$16.58$12.50$20.00$20.00$12.50
ATM IV79.9%52.6%119.1%80.7%78.1%
Expected Move21.1%15.1%27.3%23.1%22.4%
HV 20d85.8%39.3%109.9%39.3%108.4%
HV 60d56.5%34.4%68.8%34.4%68.7%
IV Rank61.1%28.2%100.0%77.0%55.8%
IV Percentile84.0%47.2%100.0%94.8%91.3%
Term Structure-8.2%-49.8%21.4%-6.7%-9.1%
VWIV67.5%46.8%109.4%71.2%64.6%
Skew 25d3.0%-19.0%33.0%8.0%12.7%
Skew 10d16.0%-10.4%70.7%7.7%0.0%
Call IV 25d68.9%48.3%93.5%52.3%48.3%
Put IV 25d71.9%36.9%102.4%60.3%61.0%
Bid-Ask Spread %107.2899.44113.02105.36109.65
Gamma HHI0.360.200.570.530.23
Net GEX29.7K2.2K55.9K49.5K55.9K
Net DEX-422.7K-1.8M543.6K-876.8K-1.8M
Net VEX-5.8K-9.2K-2.9K-9.2K-7.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.006.440.000.42
Total Volume227.15821,026254
Total OI6,284.1055,3677,6525,3777,038

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$18.73$20.0080.7%23.1%39.3%77.0%71.2%8.0%-6.7%49.5K-876.8K-9.2K0.00105.36N/AN/A204,806571
2026-02-03$15.94$20.0084.1%24.1%68.1%81.9%71.1%-0.4%0.8%26.4K-288.5K-7.9K6.44110.84N/AN/A161034,808571
2026-02-04$15.71$20.0095.2%27.3%67.6%97.7%109.4%-5.6%-41.5%24.3K-161.1K-6.7K1.22109.04N/AN/A1802204,821546
2026-02-05$14.87$20.00114.8%24.7%68.7%100.0%0.0%1.4%-12.5%21.5K-195.7K-7.5K0.56113.02N/AN/A25145,001749
2026-02-06$15.60$20.00119.1%25.1%72.0%100.0%75.3%26.3%-21.2%18.9K87.3K-5.0K0.0099.44N/AN/A1105,013724
2026-02-09$15.36$20.00111.8%26.2%72.0%92.1%67.8%10.0%-49.8%22.5K-111.7K-6.6K0.05102.25N/AN/A6535,012724
2026-02-10$14.95$20.00117.1%23.3%71.9%97.8%80.7%-8.3%-17.4%19.1K4.6K-5.4K1.26101.21N/AN/A57725,060727
2026-02-11$12.52$20.0077.3%22.2%92.2%54.9%46.8%6.2%-37.1%5.2K543.6K-2.9K1.80112.85N/AN/A1001805,117815
2026-02-12$12.32$20.0077.2%22.1%91.9%54.7%68.7%33.0%-11.2%2.2K521.1K-3.1K0.17111.81N/AN/A80145,176818
2026-02-13$12.73$20.0060.5%17.4%93.9%36.7%66.3%-4.3%20.6%6.3K226.8K-3.5K0.06108.26N/AN/A415265,164622
2026-02-17$12.30$15.0064.1%18.4%92.8%40.6%61.0%-5.8%21.4%8.6K176.5K-3.8K0.01110.32N/AN/A1,01795,573644
2026-02-18$12.22$12.5052.6%15.1%92.9%28.2%52.6%-19.0%5.4%37.4K-351.3K-4.4K4.00106.25N/AN/A16646,583588
2026-02-19$12.80$12.5063.6%18.2%96.0%40.1%59.5%-16.4%15.2%35.3K-638.7K-5.4K0.00109.96N/AN/A46516,599620
2026-02-20$12.90$12.5058.0%16.6%93.4%34.0%56.6%-3.6%-1.5%50.0K-882.1K-5.7K0.22106.41N/AN/A72167,038614
2026-02-23$12.05$12.5068.1%19.5%94.5%44.9%67.9%-13.1%1.7%41.6K-529.0K-5.0K0.09104.41N/AN/A424406,306577
2026-02-24$13.16$12.5063.3%18.1%102.0%39.7%65.9%1.6%-16.4%42.5K-957.2K-6.8K0.36108.73N/AN/A84306,043616
2026-02-25$13.43$12.5064.3%18.4%103.0%40.8%55.1%16.5%0.9%44.2K-1.0M-5.4K0.02104.28N/AN/A30956,077636
2026-02-26$14.80$12.5067.5%19.4%109.9%44.3%75.0%17.0%2.8%52.5K-1.8M-7.7K0.11104.34N/AN/A114136,360641
2026-02-27$14.52$12.5078.1%22.4%108.4%55.8%64.6%12.7%-9.1%55.9K-1.8M-7.5K0.42109.65N/AN/A38166,387651