RDVI Options History — January 2025

In January 2025, RDVI traded between $24.14 and $25.59. ATM implied volatility averaged 36.2%, placing in the 37.0% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 21.7% (HV 20d: 14.5%). Max pain ranged from $24.00 to $24.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2025-01-23: Highest Volume — 2 contracts
2025-01-15: Largest IV drop — 60.3% change
2025-01-14: Highest IV Rank — 92.7%
2025-01-03: Largest Expected Move — 11.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.03	$24.14	$25.59	$24.17	$25.41
Max Pain	$24.00	$24.00	$24.00	$24.00	$24.00
ATM IV	36.2%	23.5%	69.1%	35.9%	33.5%
Expected Move	8.0%	4.7%	11.1%	10.3%	9.6%
HV 20d	14.5%	12.3%	18.0%	13.8%	12.6%
HV 60d	18.4%	17.9%	18.8%	18.1%	18.2%
IV Rank	37.0%	15.9%	92.7%	36.6%	28.5%
IV Percentile	52.0%	2.0%	98.8%	71.4%	59.5%
Term Structure	-5.4%	-26.8%	13.0%	-26.8%	-11.5%
VWIV	46.0%	43.0%	48.2%	46.7%	43.0%
Skew 25d	-7.9%	-20.1%	2.1%	-0.8%	-20.1%
Skew 10d	2.6%	-2.8%	11.6%	2.3%	1.5%
Call IV 25d	32.1%	23.8%	45.1%	44.3%	36.9%
Put IV 25d	24.2%	15.0%	45.7%	43.5%	16.8%
Bid-Ask Spread %	155.83	151.17	158.95	151.17	155.44
Gamma HHI	0.26	0.23	0.30	0.23	0.26
Net GEX	2.0K	1.5K	2.5K	1.6K	2.5K
Net DEX	-34.4K	-41.2K	-25.6K	-26.1K	-38.9K
Net VEX	-175	-188	-161	-187	-172
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.3	0	2	1	1
Total OI	39.6	39	41	39	41

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	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-01-02	$24.17	$0.00	35.9%	10.3%	13.8%	36.6%	46.7%	-0.8%	-26.8%	1.6K	-26.1K	-187	151.17	N/A	N/A	1	0	31	8
2025-01-03	$24.43	$0.00	38.7%	11.1%	14.5%	41.4%	0.0%	0.6%	-22.2%	1.6K	-29.5K	-188	152.67	N/A	N/A	0	0	31	8
2025-01-06	$24.59	$24.00	35.4%	7.4%	14.9%	35.8%	0.0%	-0.5%	-2.6%	1.7K	-30.8K	-186	154.45	N/A	N/A	0	0	31	8
2025-01-07	$24.52	$24.00	40.9%	7.5%	14.9%	45.1%	0.0%	-0.7%	-2.8%	1.7K	-29.9K	-184	155.06	N/A	N/A	0	0	31	8
2025-01-08	$24.50	$24.00	46.4%	6.4%	14.9%	54.3%	0.0%	1.0%	-0.7%	1.7K	-29.7K	-183	155.38	N/A	N/A	0	0	31	8
2025-01-10	$24.14	$24.00	45.9%	4.7%	15.5%	53.6%	0.0%	1.9%	13.0%	1.5K	-25.6K	-178	152.47	N/A	N/A	0	0	31	8
2025-01-13	$24.48	$24.00	62.1%	4.9%	16.2%	80.8%	0.0%	2.1%	11.5%	1.6K	-29.8K	-179	151.97	N/A	N/A	0	0	31	8
2025-01-14	$24.76	$24.00	69.1%	7.8%	16.8%	92.7%	0.0%	-0.4%	-3.2%	1.7K	-33.0K	-179	154.55	N/A	N/A	0	0	31	8
2025-01-15	$25.29	$24.00	27.4%	7.9%	18.0%	22.5%	0.0%	-7.3%	-6.2%	1.9K	-35.2K	-169	158.14	N/A	N/A	0	0	31	8
2025-01-16	$25.36	$24.00	28.2%	8.1%	17.9%	23.7%	0.0%	-6.9%	-7.5%	1.7K	-40.1K	-175	157.71	N/A	N/A	0	0	31	8
2025-01-17	$25.43	$24.00	28.7%	8.2%	17.7%	24.6%	0.0%	-3.2%	-5.8%	2.2K	-36.3K	-166	157.38	N/A	N/A	0	1	31	8
2025-01-21	$25.59	$24.00	26.6%	7.6%	12.9%	21.0%	0.0%	-5.4%	2.4%	2.5K	-38.5K	-161	158.95	N/A	N/A	0	0	31	8
2025-01-22	$25.48	$24.00	30.1%	8.6%	13.1%	26.9%	0.0%	-15.3%	-8.5%	2.3K	-36.9K	-161	157.92	N/A	N/A	0	0	31	8
2025-01-23	$25.45	$24.00	30.2%	8.7%	12.9%	27.1%	0.0%	-16.8%	-8.1%	2.4K	-37.0K	-162	157.80	N/A	N/A	2	0	31	8
2025-01-24	$25.32	$24.00	23.6%	6.8%	13.1%	16.0%	0.0%	-17.7%	-5.7%	2.4K	-36.6K	-176	157.80	N/A	N/A	0	0	33	8
2025-01-27	$25.34	$24.00	32.7%	9.4%	13.1%	31.3%	0.0%	-16.4%	-10.4%	2.2K	-36.6K	-173	157.82	N/A	N/A	0	0	33	8
2025-01-28	$25.41	$24.00	32.3%	9.3%	13.1%	30.7%	0.0%	-18.9%	-9.9%	2.5K	-37.9K	-171	158.03	N/A	N/A	0	0	33	8
2025-01-29	$25.45	$24.00	32.9%	9.4%	12.5%	31.7%	48.2%	-18.8%	-11.9%	2.5K	-39.1K	-172	156.29	N/A	N/A	1	0	33	8
2025-01-30	$25.54	$24.00	23.5%	6.7%	12.3%	15.9%	0.0%	-13.6%	9.9%	2.5K	-41.2K	-173	155.58	N/A	N/A	0	0	33	8
2025-01-31	$25.41	$24.00	33.5%	9.6%	12.6%	28.5%	43.0%	-20.1%	-11.5%	2.5K	-38.9K	-172	155.44	N/A	N/A	1	0	33	8