RDVI Options History — March 2025

In March 2025, RDVI traded between $23.18 and $24.27. ATM implied volatility averaged 32.8%, placing in the 18.0% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 15.3% (HV 20d: 17.5%). Max pain ranged from $21.82 to $23.82. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.67.

Notable Days

2025-03-10: Highest Volume — 5 contracts
2025-03-11: Largest IV drop — 29.3% change
2025-03-10: Highest IV Rank — 29.4%
2025-03-14: Largest Expected Move — 14.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.89	$23.18	$24.27	$24.27	$23.71
Max Pain	$22.28	$21.82	$23.82	$21.82	$23.82
ATM IV	32.8%	27.1%	42.5%	35.5%	31.6%
Expected Move	9.4%	5.0%	14.5%	10.2%	7.7%
HV 20d	17.5%	15.7%	19.6%	15.7%	19.4%
HV 60d	15.2%	14.5%	16.2%	14.5%	16.2%
IV Rank	18.0%	11.3%	29.4%	21.2%	16.5%
IV Percentile	51.0%	9.1%	88.5%	68.7%	46.8%
Term Structure	-12.3%	-21.9%	-0.4%	-10.0%	-2.3%
VWIV	22.8%	22.8%	22.8%	22.8%	22.8%
Skew 25d	2.7%	-4.2%	23.2%	-0.8%	4.3%
Skew 10d	2.2%	-2.3%	5.4%	5.4%	1.9%
Call IV 25d	33.5%	16.3%	41.2%	41.2%	38.3%
Put IV 25d	36.1%	22.1%	42.5%	40.3%	42.5%
Bid-Ask Spread %	145.06	135.31	153.71	137.79	146.91
Gamma HHI	0.25	0.19	0.33	0.27	0.19
Net GEX	1.3K	902	1.6K	1.4K	956
Net DEX	-14.4K	-18.6K	-8.0K	-8.0K	-10.8K
Net VEX	-104	-125	-72	-72	-95
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.67	0.00	2.00	0.00	0.00
Total Volume	0.476	0	5	0	0
Total OI	31.571	23	39	31	23

Daily Data (21 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
2025-03-03	$24.27	$21.82	35.5%	10.2%	15.7%	21.2%	0.0%	-0.8%	-10.0%	1.4K	-8.0K	-72	0.00	137.79	N/A	N/A	0	0	25	6
2025-03-04	$24.10	$21.82	35.0%	10.0%	15.8%	20.6%	0.0%	0.9%	-8.9%	1.3K	-15.6K	-103	0.00	138.71	N/A	N/A	0	0	25	6
2025-03-05	$24.19	$21.82	36.0%	10.3%	15.7%	21.7%	0.0%	2.3%	-15.6%	1.5K	-15.5K	-101	0.00	135.31	N/A	N/A	0	0	25	6
2025-03-06	$23.95	$21.82	39.4%	11.3%	15.7%	25.8%	0.0%	1.5%	-18.8%	1.3K	-13.8K	-97	0.00	140.59	N/A	N/A	0	0	25	6
2025-03-07	$24.20	$21.82	39.1%	11.2%	16.3%	25.4%	0.0%	3.6%	-15.4%	1.5K	-15.8K	-101	0.00	138.47	N/A	N/A	0	0	25	6
2025-03-10	$23.80	$21.82	42.5%	12.2%	17.1%	29.4%	22.8%	2.0%	-19.6%	1.1K	-12.2K	-84	0.00	135.60	N/A	N/A	5	0	25	6
2025-03-11	$23.64	$21.82	30.0%	13.0%	16.8%	14.7%	0.0%	0.6%	-21.9%	1.3K	-18.4K	-113	0.00	141.22	N/A	N/A	0	0	30	6
2025-03-12	$23.53	$21.82	29.7%	13.5%	16.7%	14.4%	0.0%	1.8%	-18.0%	1.3K	-17.3K	-111	0.00	140.11	N/A	N/A	0	0	30	6
2025-03-13	$23.18	$21.82	30.2%	13.6%	16.8%	14.9%	0.0%	2.4%	-7.1%	1.1K	-12.9K	-98	2.00	140.66	N/A	N/A	1	2	30	6
2025-03-14	$23.62	$21.82	30.6%	14.5%	18.2%	15.4%	0.0%	4.0%	-19.0%	1.4K	-16.7K	-125	0.00	143.23	N/A	N/A	0	0	31	8
2025-03-17	$23.87	$23.82	31.0%	5.2%	18.5%	15.9%	0.0%	3.2%	-19.6%	1.4K	-17.1K	-121	0.00	153.71	N/A	N/A	0	0	30	8
2025-03-18	$23.77	$23.82	31.6%	5.2%	17.9%	16.5%	0.0%	1.7%	-21.9%	1.3K	-14.9K	-117	0.00	151.56	N/A	N/A	0	0	30	8
2025-03-19	$24.09	$23.82	29.6%	5.0%	18.7%	14.2%	0.0%	2.8%	-19.2%	1.6K	-18.6K	-116	0.00	148.29	N/A	N/A	0	0	30	8
2025-03-20	$23.96	$0.00	30.2%	7.5%	18.6%	14.9%	0.0%	1.9%	-5.2%	1.5K	-16.2K	-115	0.00	153.65	N/A	N/A	0	1	30	8
2025-03-21	$23.65	$0.00	31.9%	7.7%	16.1%	16.9%	0.0%	-2.7%	-5.8%	939	-10.1K	-107	0.00	152.29	N/A	N/A	0	0	30	9
2025-03-24	$24.20	$0.00	31.4%	7.4%	18.3%	16.3%	0.0%	5.8%	-5.8%	1.2K	-15.7K	-106	0.00	151.88	N/A	N/A	1	0	20	4
2025-03-25	$24.24	$0.00	31.5%	7.4%	18.4%	16.4%	0.0%	1.9%	-5.7%	1.1K	-14.8K	-104	0.00	152.97	N/A	N/A	0	0	19	4
2025-03-26	$24.17	$0.00	32.8%	8.9%	18.4%	18.0%	0.0%	23.2%	-0.4%	1.1K	-14.6K	-107	0.00	145.91	N/A	N/A	0	0	19	4
2025-03-27	$24.00	$0.00	32.7%	7.5%	18.3%	17.8%	0.0%	-0.1%	-8.0%	1.1K	-12.8K	-102	0.00	152.78	N/A	N/A	0	0	19	4
2025-03-28	$23.48	$0.00	27.1%	7.9%	19.6%	11.3%	0.0%	-4.2%	-9.6%	902	-9.7K	-97	0.00	144.64	N/A	N/A	0	0	19	4
2025-03-31	$23.71	$0.00	31.6%	7.7%	19.4%	16.5%	0.0%	4.3%	-2.3%	956	-10.8K	-95	0.00	146.91	N/A	N/A	0	0	19	4