REI Options History — April 2019

In April 2019, REI traded between $5.13 and $5.86. ATM implied volatility averaged 67.8%, placing in the 55.5% IV rank vs the trailing year. The 30-day expected move averaged 20.4%. IV traded above realized volatility by 27.1% (HV 20d: 40.7%). 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 2 of 21 days. Put/call ratio averaged 0.39.

Notable Days

2019-04-10: Highest Volume — 817 contracts
2019-04-03: Largest IV spike — 54.5% change
2019-04-15: Highest IV Rank — 68.2%
2019-04-15: Largest Expected Move — 21.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.46	$5.13	$5.86	$5.72	$5.13
Max Pain	$7.38	$5.00	$7.50	$7.50	$5.00
ATM IV	67.8%	44.8%	75.8%	73.7%	70.8%
Expected Move	20.4%	19.3%	21.7%	21.0%	20.3%
HV 20d	40.7%	35.1%	47.0%	47.0%	36.0%
HV 60d	46.0%	40.6%	49.9%	49.9%	40.6%
IV Rank	55.5%	19.4%	68.2%	64.7%	60.2%
IV Percentile	67.5%	6.0%	89.3%	86.1%	71.4%
Term Structure	-1.5%	-7.3%	19.1%	0.2%	-3.4%
VWIV	67.3%	45.0%	75.8%	67.5%	68.0%
Skew 25d	11.3%	2.6%	33.5%	2.6%	24.6%
Skew 10d	23.2%	-2.5%	53.1%	4.2%	40.7%
Call IV 25d	61.8%	42.2%	69.9%	65.4%	53.3%
Put IV 25d	73.1%	65.1%	78.5%	68.0%	77.9%
Bid-Ask Spread %	59.66	16.60	90.71	72.98	26.27
Gamma HHI	0.55	0.38	0.72	0.66	0.38
Net GEX	12.8K	9.4K	15.2K	12.3K	13.3K
Net DEX	-433.5K	-522.8K	-349.5K	-436.1K	-351.4K
Net VEX	-3.8K	-4.3K	-3.4K	-3.6K	-3.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.39	0.04	2.44	0.17	1.43
Total Volume	249.333	7	817	7	102
Total OI	5,032.476	4,283	5,782	4,283	5,756

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2019-04-01	$5.72	$7.50	73.7%	21.0%	47.0%	64.7%	0.0%	2.6%	0.2%	12.3K	-436.1K	-3.6K	0.17	72.98	6	1	3,543	740
2019-04-02	$5.80	$7.50	44.8%	19.3%	43.8%	19.4%	67.5%	4.2%	19.1%	13.0K	-457.0K	-3.6K	0.06	78.49	107	6	3,546	740
2019-04-03	$5.51	$7.50	69.2%	20.6%	42.3%	57.7%	71.7%	6.9%	-2.1%	10.2K	-349.5K	-3.4K	0.18	48.16	102	18	3,582	745
2019-04-04	$5.66	$7.50	61.2%	20.4%	43.7%	45.1%	71.3%	9.3%	-2.0%	11.9K	-404.5K	-3.5K	0.14	71.87	128	18	3,626	754
2019-04-05	$5.82	$7.50	52.7%	20.0%	43.9%	31.9%	69.7%	3.3%	-3.1%	13.6K	-471.4K	-3.6K	0.09	71.10	201	18	3,626	754
2019-04-08	$5.86	$7.50	52.2%	21.0%	44.0%	31.0%	0.0%	5.5%	-0.5%	14.4K	-505.3K	-3.8K	0.46	72.96	59	27	3,691	754
2019-04-09	$5.69	$7.50	68.5%	19.9%	44.3%	56.6%	66.0%	6.1%	-0.8%	12.4K	-414.4K	-3.6K	0.22	71.26	183	41	3,740	766
2019-04-10	$5.71	$7.50	74.3%	21.3%	44.4%	65.8%	51.4%	8.8%	-2.2%	13.3K	-460.5K	-3.7K	0.23	90.71	666	151	3,885	768
2019-04-11	$5.45	$7.50	70.0%	20.1%	47.0%	59.0%	57.4%	3.8%	-1.8%	12.6K	-522.8K	-4.3K	0.10	89.97	618	61	4,477	888
2019-04-12	$5.40	$7.50	69.7%	20.0%	46.8%	58.5%	45.0%	6.9%	-1.6%	12.0K	-481.7K	-4.3K	0.10	74.18	608	61	4,487	898
2019-04-15	$5.36	$7.50	75.8%	21.7%	44.6%	68.2%	75.8%	9.0%	-7.3%	11.3K	-458.0K	-4.1K	0.38	70.97	13	5	4,512	900
2019-04-16	$5.27	$7.50	71.0%	20.4%	38.1%	60.6%	71.0%	7.2%	-1.6%	9.4K	-408.5K	-3.9K	0.23	50.68	22	5	4,520	905
2019-04-17	$5.32	$7.50	68.0%	19.5%	35.2%	55.9%	68.0%	12.6%	-0.6%	10.4K	-414.5K	-3.9K	0.08	90.11	62	5	4,510	905
2019-04-18	$5.28	$7.50	70.5%	20.2%	35.1%	59.8%	70.5%	32.4%	-1.8%	13.9K	-420.4K	-3.9K	0.09	73.49	53	5	4,560	905
2019-04-22	$5.42	$7.50	72.2%	20.7%	37.0%	62.5%	72.0%	11.5%	-1.1%	15.1K	-493.6K	-4.1K	0.44	21.43	89	39	4,433	675
2019-04-23	$5.48	$7.50	73.2%	21.0%	36.1%	64.0%	73.3%	7.9%	-6.1%	15.2K	-495.0K	-4.1K	2.44	53.66	16	39	4,455	711
2019-04-24	$5.34	$7.50	72.3%	20.7%	36.0%	62.5%	72.3%	8.5%	-5.2%	13.7K	-410.8K	-3.7K	0.21	16.60	211	45	4,447	711
2019-04-25	$5.20	$7.50	72.4%	20.8%	36.5%	62.8%	72.3%	7.6%	-5.2%	13.1K	-387.6K	-3.8K	0.05	53.13	620	29	4,514	721
2019-04-26	$5.15	$7.50	67.9%	19.5%	36.5%	55.7%	68.0%	33.5%	-0.5%	13.8K	-375.6K	-4.0K	0.04	27.87	718	31	5,029	721
2019-04-29	$5.17	$7.50	73.2%	21.0%	36.7%	64.1%	0.0%	26.2%	-4.0%	14.1K	-384.3K	-3.9K	1.14	26.88	22	25	5,061	721
2019-04-30	$5.13	$5.00	70.8%	20.3%	36.0%	60.2%	0.0%	24.6%	-3.4%	13.3K	-351.4K	-3.8K	1.43	26.27	42	60	5,039	717