REI Options History — May 2016

In May 2016, REI traded between $6.40 and $8.11. ATM implied volatility averaged 65.5%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 17.8%. IV traded below realized volatility by 7.3% (HV 20d: 72.9%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.65.

Notable Days

  • 2016-05-02: Highest Volume — 298 contracts
  • 2016-05-27: Largest IV spike — 43.4% change
  • 2016-05-04: Highest IV Rank — 52.4%
  • 2016-05-04: Largest Expected Move — 28.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.26$6.40$8.11$7.04$8.10
Max Pain$7.14$5.00$7.50$5.00$7.50
ATM IV65.5%41.1%97.5%73.4%55.8%
Expected Move17.8%11.8%28.0%21.0%16.0%
HV 20d72.9%51.4%84.9%79.4%51.4%
HV 60d71.1%65.7%75.0%74.9%65.7%
IV Rank24.6%3.4%52.4%31.4%16.2%
IV Percentile47.5%0.8%92.9%73.0%24.2%
Term Structure-3.4%-32.6%20.9%-14.6%-11.5%
VWIV67.6%45.7%115.8%113.7%57.4%
Skew 25d10.6%-17.0%71.1%9.0%-9.0%
Skew 10d27.8%-13.5%87.8%19.2%-13.5%
Call IV 25d61.4%41.8%107.3%64.3%68.0%
Put IV 25d72.1%47.1%178.4%73.3%59.0%
Bid-Ask Spread %64.6939.26110.9352.1757.87
Gamma HHI0.660.370.960.420.92
Net GEX2.5K2775.6K1.8K3.7K
Net DEX-134.6K-185.5K-84.1K-116.0K-139.2K
Net VEX-284-350-153-265-247
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.181.760.181.52
Total Volume210.85790298298101
Total OI475.667422587422454

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-05-02$7.04$5.0073.4%21.0%79.4%31.4%113.7%9.0%-14.6%1.8K-116.0K-2650.1852.172534532795
2016-05-03$6.58$5.0076.8%22.0%84.9%34.4%115.8%-10.0%-8.2%1.6K-105.4K-2710.1859.092534532795
2016-05-04$6.62$5.0097.5%28.0%82.4%52.4%113.2%4.8%-32.6%1.6K-105.9K-3100.2285.652094535795
2016-05-05$6.70$7.5078.9%18.0%82.3%36.3%68.3%6.5%-0.1%1.8K-111.9K-2920.2279.862094535795
2016-05-06$6.49$7.5091.5%18.6%82.8%47.2%65.8%-6.8%-3.0%1.7K-101.9K-2750.2378.401994535795
2016-05-09$6.40$7.5071.7%17.3%80.5%30.0%63.1%-17.0%-4.9%1.9K-105.1K-2760.2353.361994537295
2016-05-10$6.84$7.5088.3%19.7%82.6%44.4%77.2%5.8%-10.0%2.0K-129.9K-3140.23110.931994537295
2016-05-11$6.85$7.5056.4%16.2%82.3%16.7%60.2%-4.6%-1.1%2.0K-129.3K-2630.2393.511994537295
2016-05-12$7.24$7.5055.7%16.0%83.8%16.0%56.7%3.5%5.5%2.2K-149.3K-2600.2357.611994537295
2016-05-13$7.26$7.5050.3%14.4%83.8%11.3%52.1%14.5%2.2%2.3K-144.7K-2530.3173.382096537295
2016-05-16$7.53$7.5059.2%17.0%82.6%19.1%60.5%28.1%1.5%1.9K-160.1K-2810.3460.8119465382115
2016-05-17$7.72$7.5057.0%16.3%82.5%17.2%56.7%9.7%3.2%1.8K-163.5K-2540.3454.6519465367115
2016-05-18$7.42$7.5073.4%21.0%78.6%31.4%71.1%27.3%-10.0%3.1K-185.5K-3500.3656.3418265457115
2016-05-19$7.39$7.5056.9%16.3%63.6%17.1%57.9%4.6%0.3%3.5K-178.4K-3270.3858.0517365469115
2016-05-20$7.41$7.5059.8%17.1%63.4%19.6%60.2%26.7%-6.2%3.2K-184.8K-3430.3873.2617365472115
2016-05-23$7.42$7.5060.4%17.3%63.3%20.1%61.2%5.7%2.6%3.4K-86.1K-3271.7151.043865337115
2016-05-24$7.43$7.5061.4%17.6%55.3%21.0%60.5%6.2%4.2%3.4K-84.1K-3241.7655.183765337115
2016-05-25$7.81$7.5041.1%11.8%54.7%3.4%45.7%39.3%20.9%5.6K-119.2K-3011.6540.563456339115
2016-05-26$8.11$7.5045.5%13.0%55.2%7.1%46.7%7.5%7.0%3.7K-148.3K-2861.5639.263656339126
2016-05-27$8.10$7.5065.2%18.7%54.5%24.3%55.0%71.1%-15.4%277-177.9K-1531.5267.534061329126
2016-05-31$8.10$7.5055.8%16.0%51.4%16.2%57.4%-9.0%-11.5%3.7K-139.2K-2471.5257.874061327127