RDVI Options History — September 2025

In September 2025, RDVI traded between $25.28 and $25.88. ATM implied volatility averaged 29.1%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 18.2% (HV 20d: 10.9%). Max pain ranged from $22.00 to $26.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-09-02: Highest Volume — 100 contracts
  • 2025-09-26: Largest IV spike — 50.4% change
  • 2025-09-09: Highest IV Rank — 23.4%
  • 2025-09-03: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.65$25.28$25.88$25.28$25.82
Max Pain$25.00$22.00$26.00$22.00$26.00
ATM IV29.1%19.1%41.5%28.2%31.3%
Expected Move7.7%5.5%9.7%8.1%9.0%
HV 20d10.9%8.5%12.3%11.6%9.8%
HV 60d11.0%10.6%11.4%11.3%10.6%
IV Rank14.6%7.4%23.4%14.0%16.2%
IV Percentile41.1%15.1%86.5%33.3%55.2%
Term Structure-6.1%-15.9%14.9%-9.7%-10.3%
VWIV16.3%9.1%23.5%23.5%9.1%
Skew 25d2.4%-3.7%19.2%-3.0%0.7%
Skew 10d3.8%1.6%21.3%5.3%2.0%
Call IV 25d31.0%11.7%40.4%36.1%38.3%
Put IV 25d33.4%25.2%41.6%33.1%39.1%
Bid-Ask Spread %150.22141.53153.82141.53149.60
Gamma HHI0.870.751.000.921.00
Net GEX-5.2K-12.5K13.2K1.8K13.2K
Net DEX28.5K-132.1K94.8K-8.0K-129.1K
Net VEX-124-250-2-20-225
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume9.61901001000
Total OI86.238111614101

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$25.28$22.0028.2%8.1%11.6%14.0%23.5%-3.0%-9.7%1.8K-8.0K-200.00141.53N/AN/A0100122
2025-09-03$25.30$25.0033.8%9.7%11.6%17.9%0.0%1.2%-8.5%-11.2K94.8K-2300.00142.41N/AN/A0012102
2025-09-04$25.62$0.0034.0%7.1%12.3%18.1%0.0%2.5%-4.3%-11.0K78.0K-2150.00151.34N/AN/A0012102
2025-09-05$25.55$0.0033.2%7.0%12.1%17.5%0.0%1.3%-4.6%-11.5K81.0K-2130.00151.86N/AN/A0012102
2025-09-08$25.51$0.0038.9%7.3%12.0%21.5%0.0%1.5%-5.3%-11.4K84.2K-1890.00152.96N/AN/A0012102
2025-09-09$25.48$0.0041.5%7.4%12.0%23.4%0.0%1.4%-5.5%-11.6K85.7K-1800.00153.82N/AN/A0012102
2025-09-10$25.41$0.0026.0%7.4%11.3%12.4%0.0%1.1%-5.4%-11.8K89.5K-1700.00152.84N/AN/A1012102
2025-09-11$25.77$0.0025.0%7.2%11.9%11.7%0.0%-3.7%-13.4%-11.4K66.4K-1540.00149.77N/AN/A0013102
2025-09-12$25.66$0.0026.2%7.5%12.0%12.5%0.0%1.1%-14.8%-11.6K73.2K-1490.00152.49N/AN/A0013102
2025-09-15$25.56$0.0027.4%7.9%11.5%13.4%0.0%1.7%-15.4%-11.9K79.1K-1130.00152.16N/AN/A0013102
2025-09-16$25.50$0.0027.8%8.0%11.6%13.7%0.0%1.3%-7.0%-12.5K81.7K-1010.00150.31N/AN/A0013102
2025-09-17$25.63$0.0027.5%7.9%11.6%13.4%0.0%1.1%-15.9%-12.5K73.5K-810.00149.25N/AN/A0013102
2025-09-18$25.86$0.0027.4%7.9%12.0%13.4%0.0%1.3%-4.8%-11.9K59.3K-540.00152.89N/AN/A1013102
2025-09-19$25.84$0.0027.9%8.0%10.9%13.7%0.0%0.9%-5.1%-10.9K62.7K-140.00152.83N/AN/A0014102
2025-09-22$25.88$0.0028.6%8.2%8.6%14.2%0.0%1.7%-5.7%13-2.5K-20.00151.70N/AN/A0010
2025-09-23$25.88$0.0029.2%8.4%8.5%14.6%0.0%1.3%-6.4%13-2.5K-20.00150.93N/AN/A0010
2025-09-24$25.88$0.0019.4%5.6%8.5%7.7%0.0%15.0%14.9%14-2.5K-20.00148.85N/AN/A0010
2025-09-25$25.59$0.0019.1%5.5%9.5%7.4%9.1%19.2%13.4%15-2.4K-20.00145.65N/AN/A100010
2025-09-26$25.84$26.0028.7%8.2%10.1%14.3%0.0%2.3%-6.5%12.9K-131.0K-2500.00149.75N/AN/A001010
2025-09-29$25.87$26.0030.4%8.7%10.0%15.5%0.0%0.8%-8.7%13.1K-132.1K-2310.00151.62N/AN/A001010
2025-09-30$25.82$26.0031.3%9.0%9.8%16.2%0.0%0.7%-10.3%13.2K-129.1K-2250.00149.60N/AN/A001010