REI Options History — September 2014

In September 2014, REI traded between $14.54 and $16.81. ATM implied volatility averaged 76.6%. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 52.7% (HV 20d: 23.9%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 7.63.

Notable Days

  • 2014-09-02: Highest Volume — 31 contracts
  • 2014-09-26: Largest IV spike — 220.1% change
  • 2014-09-17: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.47$14.54$16.81$16.80$14.74
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV76.6%38.1%155.8%67.8%134.8%
Expected Move13.0%8.9%19.0%12.0%18.3%
HV 20d23.9%21.3%27.1%26.4%27.1%
Term Structure-19.0%-114.0%31.7%-14.9%-38.3%
VWIV40.7%29.9%58.2%30.8%45.6%
Skew 25d9.9%-53.6%102.2%102.2%82.9%
Skew 10d17.3%-112.3%102.2%102.2%94.3%
Call IV 25d52.7%29.7%120.9%56.6%66.2%
Put IV 25d62.6%36.4%158.8%158.8%149.2%
Bid-Ask Spread %111.2339.38172.71141.11167.43
Gamma HHI0.410.340.720.470.34
Net GEX113-4421.1K1.1K107
Net DEX41.0K-23.3K71.7K-23.3K27.2K
Net VEX-511-689-396-451-689
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.630.0030.0030.000.50
Total Volume4.762031310
Total OI168.952113212113212

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-09-02$16.80$20.0067.8%12.0%26.4%0.0%30.8%102.2%-14.9%1.1K-23.3K-45130.00141.111308231
2014-09-03$16.81$20.0085.1%8.9%24.9%0.0%0.0%7.5%-11.1%52316.3K-5640.00172.71008361
2014-09-04$16.15$20.0095.3%12.9%26.4%0.0%40.0%25.0%-114.0%39427.0K-4990.00138.080108361
2014-09-05$15.85$20.0039.8%12.4%23.2%0.0%0.0%11.4%-1.9%8840.8K-5030.0067.82018371
2014-09-08$15.88$20.0038.1%11.9%23.4%0.0%0.0%11.0%-0.0%9445.1K-5000.0054.59008372
2014-09-09$15.82$20.00107.6%14.7%23.4%0.0%0.0%13.7%-32.5%13435.2K-5240.00167.80008372
2014-09-10$15.96$20.00128.0%12.8%24.1%0.0%0.0%33.1%-14.1%12739.9K-5240.0082.94008372
2014-09-11$16.12$20.0040.7%11.8%24.5%0.0%0.0%3.3%1.5%6841.1K-5220.0087.91008372
2014-09-12$15.71$20.0070.0%12.2%25.4%0.0%0.0%-8.5%-56.1%2345.1K-4880.0075.63008372
2014-09-15$15.35$20.0096.8%14.0%25.7%0.0%0.0%-5.0%-50.7%24027.8K-5230.00169.390108372
2014-09-16$15.15$20.0040.8%11.3%21.4%0.0%39.4%1.8%-0.4%-44271.7K-3960.0063.25108382
2014-09-17$15.04$20.0077.3%19.0%21.3%0.0%58.2%-25.9%-27.5%-12537.9K-5330.00144.531208481
2014-09-18$14.90$20.0071.3%12.2%21.3%0.0%29.9%-17.3%-8.9%9336.9K-5490.5074.031059681
2014-09-19$15.12$20.0052.9%14.9%22.6%0.0%0.0%5.5%10.2%-31343.1K-5460.00122.250010686
2014-09-22$15.05$20.0060.3%13.8%21.8%0.0%0.0%-1.6%31.7%5371.4K-4240.00103.480010686
2014-09-23$14.95$20.0043.9%11.3%21.8%0.0%0.0%-31.1%10.6%-4257.3K-4950.0083.640010686
2014-09-24$14.97$20.0038.3%11.5%22.0%0.0%0.0%2.9%2.8%-5456.2K-5190.0039.380010686
2014-09-25$14.54$20.0048.7%12.0%23.1%0.0%0.0%-5.8%5.6%-1553.2K-4870.00143.340010686
2014-09-26$14.85$20.00155.8%12.6%25.3%0.0%0.0%-53.6%-53.9%20761.5K-4710.0078.660010686
2014-09-29$15.15$20.00114.2%13.5%26.6%0.0%45.6%56.6%-36.2%13450.1K-5320.00157.8602010686
2014-09-30$14.74$20.00134.8%18.3%27.1%0.0%0.0%82.9%-38.3%10727.2K-6890.00167.4300106106