RDVI Options History — July 2025

In July 2025, RDVI traded between $24.59 and $25.09. ATM implied volatility averaged 16.8%, placing in the 3.3% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 6.2% (HV 20d: 10.6%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-07-09: Highest Volume — 100 contracts
2025-07-03: Largest IV spike — 65.5% change
2025-07-08: Highest IV Rank — 18.7%
2025-07-08: Largest Expected Move — 7.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.89	$24.59	$25.09	$24.96	$24.76
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	16.8%	10.7%	39.4%	22.6%	11.8%
Expected Move	4.4%	3.1%	7.5%	6.5%	3.4%
HV 20d	10.6%	9.0%	11.9%	11.1%	9.0%
HV 60d	16.7%	12.3%	29.2%	29.2%	12.3%
IV Rank	3.3%	0.0%	18.7%	6.3%	0.8%
IV Percentile	11.6%	0.0%	80.2%	7.1%	1.2%
Term Structure	8.2%	-4.2%	17.1%	10.8%	11.1%
VWIV	12.4%	10.7%	14.0%	14.0%	10.7%
Skew 25d	5.6%	-2.7%	15.8%	11.7%	9.8%
Skew 10d	5.4%	0.8%	24.8%	5.6%	4.6%
Call IV 25d	22.7%	10.4%	30.1%	25.1%	21.0%
Put IV 25d	28.3%	22.3%	36.8%	36.7%	30.8%
Bid-Ask Spread %	145.98	137.79	154.84	143.66	139.45
Gamma HHI	0.99	0.98	0.99	0.99	0.99
Net GEX	88.4K	35.9K	160.1K	91.4K	116.2K
Net DEX	-387.0K	-531.0K	-182.4K	-391.6K	-271.3K
Net VEX	-705	-939	-503	-806	-568
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	9.091	0	100	0	0
Total OI	330.909	207	409	309	307

Daily Data (22 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	Call OI	Put OI
2025-07-01	$24.96	$25.00	22.6%	6.5%	11.1%	6.3%	0.0%	11.7%	10.8%	91.4K	-391.6K	-806	143.66	N/A	N/A	0	305	4
2025-07-02	$24.94	$25.00	20.4%	5.9%	10.9%	4.7%	0.0%	15.8%	17.1%	160.1K	-378.6K	-791	148.04	N/A	N/A	0	305	4
2025-07-03	$25.05	$25.00	33.8%	7.3%	11.0%	14.6%	0.0%	4.2%	-3.3%	36.1K	-409.2K	-774	154.84	N/A	N/A	0	305	4
2025-07-07	$24.77	$25.00	37.6%	7.4%	11.9%	17.4%	0.0%	1.7%	-4.2%	35.9K	-361.8K	-690	148.86	N/A	N/A	0	305	4
2025-07-08	$24.94	$25.00	39.4%	7.5%	11.5%	18.7%	0.0%	2.9%	-4.0%	36.8K	-388.7K	-675	153.86	N/A	N/A	0	305	4
2025-07-09	$24.98	$25.00	13.9%	4.0%	11.5%	0.0%	14.0%	1.2%	5.9%	54.8K	-376.5K	-648	143.17	N/A	N/A	100	305	4
2025-07-10	$25.09	$25.00	13.8%	4.0%	11.6%	0.0%	0.0%	-0.4%	6.1%	77.3K	-531.0K	-939	142.11	N/A	N/A	0	405	4
2025-07-11	$24.91	$25.00	14.5%	4.2%	11.8%	0.5%	0.0%	3.7%	10.3%	88.9K	-508.5K	-913	150.09	N/A	N/A	0	405	4
2025-07-14	$24.89	$25.00	11.9%	3.4%	11.8%	0.0%	0.0%	2.6%	9.4%	87.5K	-497.1K	-818	148.93	N/A	N/A	0	405	4
2025-07-15	$24.59	$25.00	12.4%	3.5%	11.7%	0.4%	0.0%	9.2%	10.2%	83.3K	-384.4K	-717	147.40	N/A	N/A	0	405	4
2025-07-16	$24.65	$25.00	12.5%	3.6%	11.0%	0.5%	0.0%	10.5%	9.3%	88.2K	-401.1K	-702	147.76	N/A	N/A	0	405	4
2025-07-17	$24.77	$25.00	13.9%	4.0%	10.7%	1.4%	0.0%	7.4%	8.9%	89.7K	-446.9K	-681	146.75	N/A	N/A	0	405	4
2025-07-18	$24.78	$25.00	12.3%	3.5%	10.7%	0.3%	0.0%	5.8%	10.1%	97.0K	-441.6K	-589	149.43	N/A	N/A	0	405	4
2025-07-21	$24.77	$25.00	12.4%	3.6%	10.6%	0.4%	0.0%	7.5%	9.5%	59.4K	-182.4K	-503	143.42	N/A	N/A	0	205	2
2025-07-22	$24.93	$25.00	11.2%	3.2%	10.3%	0.0%	10.7%	1.8%	10.5%	72.8K	-258.0K	-526	145.47	N/A	N/A	100	205	2
2025-07-23	$25.02	$25.00	14.9%	4.3%	9.6%	2.7%	0.0%	2.4%	9.8%	107.3K	-423.3K	-763	146.58	N/A	N/A	0	305	2
2025-07-24	$24.96	$25.00	14.6%	4.2%	9.4%	2.5%	0.0%	2.8%	10.4%	104.3K	-395.0K	-752	147.81	N/A	N/A	0	305	2
2025-07-25	$25.05	$25.00	10.7%	3.1%	9.5%	0.0%	0.0%	-2.7%	10.7%	112.6K	-436.5K	-727	146.05	N/A	N/A	0	305	2
2025-07-28	$24.98	$25.00	12.3%	3.5%	9.5%	1.2%	0.0%	0.1%	9.6%	109.6K	-393.8K	-680	141.28	N/A	N/A	0	305	2
2025-07-29	$24.96	$25.00	11.0%	3.2%	9.4%	0.2%	0.0%	15.8%	12.2%	126.3K	-371.1K	-662	137.79	N/A	N/A	0	305	2
2025-07-30	$24.73	$25.00	12.0%	3.4%	9.0%	0.9%	0.0%	10.2%	10.4%	109.7K	-265.3K	-588	138.78	N/A	N/A	0	305	2
2025-07-31	$24.76	$25.00	11.8%	3.4%	9.0%	0.8%	0.0%	9.8%	11.1%	116.2K	-271.3K	-568	139.45	N/A	N/A	0	305	2