REI Options History — November 2014

In November 2014, REI traded between $9.56 and $16.56. ATM implied volatility averaged 66.0%. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 3.6% (HV 20d: 62.4%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 7 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 2.05.

Notable Days

  • 2014-11-04: Highest Volume — 456 contracts
  • 2014-11-07: Largest IV spike — 146.7% change
  • 2014-11-28: Largest Expected Move — 21.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.46$9.56$16.56$16.56$9.56
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV66.0%36.0%151.1%39.8%76.9%
Expected Move14.1%11.5%21.8%11.5%21.8%
HV 20d62.4%54.2%82.8%56.5%82.8%
HV 60d45.1%38.3%59.2%38.3%59.2%
Term Structure-12.4%-96.1%13.6%0.7%-23.1%
VWIV47.2%37.6%57.2%47.4%57.2%
Skew 25d-4.2%-61.5%28.4%28.4%-34.9%
Skew 10d14.1%-51.2%89.5%38.0%-51.2%
Call IV 25d60.1%28.5%136.0%36.1%103.9%
Put IV 25d56.0%37.4%105.8%64.5%69.1%
Bid-Ask Spread %104.3469.37138.82126.30109.00
Gamma HHI0.450.240.680.620.25
Net GEX-2.0K-9.1K1.2K-4.1K208
Net DEX118.8K-4.5K205.4K-4.5K151.1K
Net VEX-1.1K-1.4K-754-951-919
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.050.6915.002.0815.00
Total Volume223.89504563330
Total OI563.526406624406624

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-11-03$16.56$15.0039.8%11.5%56.5%0.0%47.4%28.4%0.7%-4.1K-4.5K-9512.08126.30108225121285
2014-11-04$15.87$15.0047.3%12.4%59.1%0.0%42.1%0.4%-12.6%-5.8K43.0K-9170.9875.87230226121285
2014-11-05$15.88$15.0037.9%11.8%59.0%0.0%45.3%8.9%5.5%-7.9K-4.1K-1.4K0.9890.83230226246286
2014-11-06$14.66$15.0036.0%12.4%60.4%0.0%44.5%4.3%-3.5%-9.1K85.5K-1.4K0.6969.37250173246286
2014-11-07$14.61$15.0088.8%12.9%59.3%0.0%45.8%-3.3%-12.1%-2.1K83.5K-1.4K1.43123.72121173276287
2014-11-10$14.36$15.0042.5%12.0%59.3%0.0%44.4%0.5%-22.0%-5.7K68.7K-1.4K0.8481.47134113303287
2014-11-11$14.36$15.00101.8%15.3%59.3%0.0%45.8%-61.5%13.6%-77150.0K-1.3K0.84120.56134113295246
2014-11-12$13.83$15.00114.9%12.7%56.2%0.0%44.3%-30.2%-12.6%-528104.3K-1.1K0.84138.82134113316287
2014-11-13$13.60$15.0038.8%13.0%54.3%0.0%46.1%-4.6%10.7%-895191.4K-1.1K0.9086.83125113316287
2014-11-14$13.76$15.0066.3%12.6%54.2%0.0%0.0%-7.0%-13.2%-2.9K183.1K-9650.00103.1000316287
2014-11-17$13.21$15.00151.1%13.5%55.9%0.0%55.3%17.4%-96.1%1.2K156.3K-1.2K0.9099.43125113316287
2014-11-18$12.82$15.0063.5%17.5%55.8%0.0%48.1%9.7%-4.5%-79191.1K-1.0K1.07102.16106113316287
2014-11-19$12.10$15.0057.7%14.5%58.7%0.0%0.0%-6.7%-22.1%223199.7K-9140.00126.0400317287
2014-11-20$12.88$15.0059.9%14.7%63.1%0.0%52.7%17.5%-6.4%-203205.4K-9451.05124.39106111317287
2014-11-21$13.47$15.0055.1%15.2%65.5%0.0%52.0%-4.9%-22.9%109137.1K-1.2K0.86121.2810691317271
2014-11-24$12.14$15.0049.1%13.9%74.3%0.0%37.6%0.9%-1.3%436110.5K-7912.9080.543190304196
2014-11-25$11.20$15.0082.5%16.7%77.6%0.0%57.2%-14.1%-18.9%271105.9K-1.1K1.46114.43124181335256
2014-11-26$10.86$15.0044.0%14.3%75.0%0.0%0.0%0.3%5.7%312199.5K-75415.0088.41115335276
2014-11-28$9.56$15.0076.9%21.8%82.8%0.0%0.0%-34.9%-23.1%208151.1K-9190.00109.0000336288