REI Options History — December 2014

In December 2014, REI traded between $7.81 and $10.95. ATM implied volatility averaged 72.7%. The 30-day expected move averaged 19.6%. IV traded below realized volatility by 56.4% (HV 20d: 129.1%). Max pain ranged from $10.00 to $15.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 2.03.

Notable Days

  • 2014-12-17: Highest Volume — 756 contracts
  • 2014-12-26: Largest IV spike — 45.9% change
  • 2014-12-02: Largest Expected Move — 24.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.45$7.81$10.95$7.81$10.50
Max Pain$14.50$10.00$15.00$15.00$10.00
ATM IV72.7%48.2%110.3%93.5%64.6%
Expected Move19.6%16.4%24.9%20.2%19.5%
HV 20d129.1%94.8%150.7%94.8%105.5%
HV 60d88.2%71.2%98.2%71.2%98.2%
Term Structure-0.6%-42.0%33.0%-28.1%4.2%
VWIV65.2%53.6%91.0%91.0%67.0%
Skew 25d8.3%-27.6%44.0%-27.6%4.3%
Skew 10d25.2%-37.8%74.7%-36.1%63.5%
Call IV 25d68.6%38.1%132.6%120.3%66.8%
Put IV 25d76.8%48.8%122.2%92.8%71.1%
Bid-Ask Spread %99.2383.26142.5799.0599.68
Gamma HHI0.400.240.770.240.24
Net GEX666-4.1K4.8K-2391.8K
Net DEX12.8K-246.3K171.1K170.3K-180.7K
Net VEX-1.4K-2.3K-484-484-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.030.0016.671.760.00
Total Volume433.09107564770
Total OI1,107.9096241,4286241,216

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-12-01$7.81$15.0093.5%20.2%94.8%0.0%91.0%-27.6%-28.1%-239170.3K-4841.7699.05173304336288
2014-12-02$9.01$15.00110.3%24.9%114.8%0.0%78.4%-14.2%-42.0%-1.1K140.2K-1.1K1.21111.56282341384467
2014-12-03$9.02$15.0072.1%20.1%115.3%0.0%60.2%33.9%-21.8%-659144.5K-1.0K1.2596.66282353494473
2014-12-04$9.34$15.0074.4%20.1%117.0%0.0%0.0%17.1%-7.2%-543122.8K-1.2K16.67102.36350494485
2014-12-05$9.09$15.0065.7%17.8%115.3%0.0%53.6%-2.9%5.8%-511137.9K-1.0K1.2486.69285353497485
2014-12-08$8.06$15.0092.6%16.5%120.0%0.0%54.4%5.2%20.9%-2.5K163.7K-8660.7983.26295232497485
2014-12-09$8.86$15.0088.8%19.0%127.8%0.0%58.2%27.8%15.9%-909156.9K-1.1K0.8587.00274232510545
2014-12-10$8.39$15.0093.8%16.4%127.9%0.0%58.1%-11.8%-11.5%-3.2K145.0K-9700.8993.80262232513545
2014-12-11$8.46$15.0073.3%20.0%128.4%0.0%65.9%-20.1%-20.0%-2.6K147.8K-8280.9095.02257232531545
2014-12-12$8.61$15.0072.0%17.1%129.3%0.0%53.7%-13.2%-18.8%-1.9K153.4K-8030.90104.59257232530545
2014-12-15$8.15$15.0071.5%18.2%129.1%0.0%63.9%17.2%-12.2%-4.1K171.1K-6350.9690.93257247530545
2014-12-16$8.31$15.0071.3%18.6%130.0%0.0%65.6%10.9%-7.8%-3.5K164.3K-7550.9899.16257253530580
2014-12-17$10.07$15.0062.3%19.6%150.7%0.0%72.3%23.7%8.4%95372.6K-1.4K0.5088.56503253530596
2014-12-18$10.46$12.5066.8%20.2%150.7%0.0%69.8%28.1%5.1%3.7K-56.1K-1.9K0.5189.02494253782596
2014-12-19$10.83$10.0054.0%22.0%149.3%0.0%67.0%14.5%33.0%4.8K-203.5K-2.2K9.3393.32328882546
2014-12-22$10.31$0.0067.8%21.0%148.5%0.0%0.0%3.6%6.0%4.1K-175.5K-2.2K0.47142.57358167857338
2014-12-23$10.74$0.0054.3%19.5%145.7%0.0%0.0%4.6%17.1%4.8K-234.4K-2.3K0.49108.61339167886338
2014-12-24$10.95$0.0048.2%19.8%143.2%0.0%0.0%15.3%25.6%4.6K-246.3K-2.3K0.88103.35189167895358
2014-12-26$10.73$0.0070.3%20.4%143.0%0.0%0.0%23.6%-0.1%4.5K-232.1K-2.3K0.88103.67189167895358
2014-12-29$9.91$0.0071.7%19.9%138.3%0.0%0.0%-2.4%-7.5%4.3K-146.6K-2.0K1.22101.68137167895358
2014-12-30$10.36$0.0059.2%20.1%115.9%0.0%0.0%44.0%21.5%2.9K-132.8K-2.0K0.00102.4420856358
2014-12-31$10.50$0.0064.6%19.5%105.5%0.0%0.0%4.3%4.2%1.8K-180.7K-2.1K0.0099.6800858358