RDVI Options History — April 2025

In April 2025, RDVI traded between $20.69 and $23.95. ATM implied volatility averaged 63.3%, placing in the 36.3% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 19.8% (HV 20d: 43.5%). Max pain ranged from $20.00 to $21.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.17.

Notable Days

2025-04-17: Highest Volume — 29 contracts
2025-04-04: Largest IV spike — 172.8% change
2025-04-04: Highest IV Rank — 100.0%
2025-04-08: Largest Expected Move — 26.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.37	$20.69	$23.95	$23.74	$22.80
Max Pain	$20.88	$20.00	$21.00	$20.00	$21.00
ATM IV	63.3%	28.3%	148.9%	35.7%	39.8%
Expected Move	15.3%	7.8%	26.0%	7.8%	11.4%
HV 20d	43.5%	19.3%	51.7%	19.3%	51.1%
HV 60d	28.0%	16.1%	32.3%	16.2%	32.3%
IV Rank	36.3%	8.2%	100.0%	21.3%	17.0%
IV Percentile	82.2%	19.0%	100.0%	71.0%	81.3%
Term Structure	-13.7%	-31.8%	10.4%	-9.5%	-8.1%
VWIV	75.0%	65.7%	84.2%	65.7%	84.2%
Skew 25d	-3.1%	-48.8%	14.8%	0.0%	5.4%
Skew 10d	0.4%	-21.6%	20.7%	2.0%	-19.8%
Call IV 25d	62.2%	29.8%	123.7%	40.0%	42.0%
Put IV 25d	59.1%	33.5%	114.2%	40.0%	47.4%
Bid-Ask Spread %	152.55	138.18	174.99	150.04	139.92
Gamma HHI	0.14	0.10	0.20	0.20	0.11
Net GEX	840	557	1.1K	973	963
Net DEX	-11.7K	-18.3K	-5.5K	-11.0K	-13.1K
Net VEX	-99	-128	-79	-96	-87
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.17	0.00	0.50	0.00	0.04
Total Volume	2.476	0	29	0	0
Total OI	33.429	23	42	23	36

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
2025-04-01	$23.74	$0.00	35.7%	7.8%	19.3%	21.3%	0.0%	0.0%	-9.5%	973	-11.0K	-96	0.00	150.04	N/A	N/A	0	0	19	4
2025-04-02	$23.95	$0.00	36.8%	7.8%	19.5%	22.6%	0.0%	3.7%	-16.5%	1.0K	-12.4K	-97	0.00	150.25	N/A	N/A	1	0	19	4
2025-04-03	$22.69	$0.00	54.6%	10.9%	27.1%	43.6%	0.0%	1.2%	-6.1%	694	-7.2K	-90	0.00	162.65	N/A	N/A	2	0	19	4
2025-04-04	$21.61	$0.00	148.9%	23.6%	31.2%	100.0%	0.0%	-0.9%	-23.5%	573	-7.2K	-86	0.00	173.18	N/A	N/A	0	0	21	4
2025-04-07	$21.10	$0.00	138.5%	25.4%	31.6%	92.1%	65.7%	-22.6%	-25.3%	557	-5.5K	-79	0.50	167.19	N/A	N/A	4	2	21	4
2025-04-08	$20.69	$20.00	148.2%	26.0%	32.0%	99.5%	0.0%	5.9%	-27.3%	608	-7.4K	-90	0.00	157.66	N/A	N/A	1	0	25	6
2025-04-09	$22.62	$20.00	86.5%	24.8%	46.7%	52.5%	84.2%	-3.5%	-25.8%	630	-16.6K	-110	0.50	170.01	N/A	N/A	6	3	23	6
2025-04-10	$21.65	$21.00	89.6%	25.7%	48.9%	54.8%	0.0%	-24.9%	-22.9%	757	-11.3K	-111	0.00	167.62	N/A	N/A	0	0	29	9
2025-04-11	$22.28	$21.00	88.9%	25.5%	49.6%	54.3%	0.0%	-16.6%	-26.7%	952	-16.4K	-124	0.00	171.89	N/A	N/A	0	1	29	9
2025-04-14	$22.54	$21.00	90.3%	25.9%	49.6%	55.4%	0.0%	-48.8%	-31.8%	849	-18.3K	-128	0.00	174.99	N/A	N/A	0	0	29	10
2025-04-15	$22.43	$21.00	38.5%	11.0%	49.6%	16.0%	0.0%	-0.3%	-10.1%	945	-15.1K	-112	0.00	144.51	N/A	N/A	0	0	29	10
2025-04-16	$21.99	$21.00	36.8%	10.6%	49.6%	14.7%	0.0%	-0.5%	-2.0%	672	-8.5K	-87	0.00	139.90	N/A	N/A	0	3	29	10
2025-04-17	$22.25	$21.00	37.1%	10.6%	49.9%	14.9%	0.0%	0.6%	-3.7%	783	-7.5K	-102	0.04	150.59	N/A	N/A	28	1	29	13
2025-04-21	$21.62	$21.00	38.4%	11.0%	50.6%	15.9%	0.0%	1.3%	-7.3%	752	-7.7K	-102	0.00	140.30	N/A	N/A	0	0	27	9
2025-04-22	$22.18	$21.00	38.1%	10.9%	50.8%	15.7%	0.0%	1.7%	-6.1%	814	-9.3K	-97	0.00	141.94	N/A	N/A	0	0	27	9
2025-04-23	$22.38	$21.00	38.1%	10.9%	51.0%	15.7%	0.0%	0.6%	-11.7%	989	-13.8K	-104	0.00	140.85	N/A	N/A	0	0	27	9
2025-04-24	$22.84	$21.00	37.3%	10.7%	51.7%	15.1%	0.0%	4.9%	-7.5%	990	-13.9K	-94	0.00	139.16	N/A	N/A	0	0	27	9
2025-04-25	$22.74	$21.00	40.4%	11.6%	51.7%	17.4%	0.0%	4.4%	-15.9%	988	-14.7K	-101	0.00	143.75	N/A	N/A	0	0	27	9
2025-04-28	$22.84	$21.00	28.3%	8.1%	51.2%	8.2%	0.0%	8.2%	10.4%	1.0K	-13.4K	-87	0.00	138.18	N/A	N/A	0	0	27	9
2025-04-29	$22.92	$21.00	39.2%	11.2%	51.1%	16.5%	0.0%	14.8%	-10.3%	1.1K	-14.3K	-87	0.00	138.90	N/A	N/A	0	0	27	9
2025-04-30	$22.80	$21.00	39.8%	11.4%	51.1%	17.0%	0.0%	5.4%	-8.1%	963	-13.1K	-87	0.00	139.92	N/A	N/A	0	0	27	9