REI Options History — February 2024

In February 2024, REI traded between $1.27 and $1.44. ATM implied volatility averaged 57.1%, placing in the 25.3% IV rank vs the trailing year. The 30-day expected move averaged 17.1%. IV traded above realized volatility by 12.9% (HV 20d: 44.2%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.21.

Notable Days

2024-02-22: Highest Volume — 3,544 contracts
2024-02-21: Largest IV spike — 59.7% change
2024-02-21: Highest IV Rank — 48.8%
2024-02-05: Largest Expected Move — 25.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.36	$1.27	$1.44	$1.38	$1.42
Max Pain	$1.00	$1.00	$1.00	$1.00	$1.00
ATM IV	57.1%	37.7%	83.1%	37.7%	62.5%
Expected Move	17.1%	10.9%	25.8%	18.6%	17.9%
HV 20d	44.2%	37.3%	50.1%	37.3%	45.0%
HV 60d	47.8%	46.0%	53.4%	53.4%	47.9%
IV Rank	25.3%	4.9%	48.8%	4.9%	48.1%
IV Percentile	48.3%	2.0%	96.8%	2.0%	71.8%
Term Structure	5.1%	-25.6%	51.6%	-5.9%	27.3%
VWIV	87.9%	52.8%	162.9%	65.3%	116.1%
Skew 25d	17.3%	-16.8%	95.0%	11.5%	38.0%
Skew 10d	23.5%	-3.7%	107.2%	19.7%	20.9%
Call IV 25d	58.4%	33.4%	81.8%	60.7%	57.7%
Put IV 25d	75.7%	56.3%	139.3%	72.2%	95.6%
Bid-Ask Spread %	65.04	41.98	95.23	71.97	62.32
Gamma HHI	0.62	0.46	0.78	0.55	0.62
Net GEX	79.2K	50.8K	139.2K	70.1K	84.5K
Net DEX	-2.0M	-2.5M	-1.3M	-2.1M	-2.5M
Net VEX	-10.6K	-12.0K	-8.8K	-12.0K	-11.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.21	0.00	1.78	0.00	0.00
Total Volume	369.5	25	3,544	241	69
Total OI	74,968.6	73,766	76,691	73,766	76,691

Daily Data (20 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
2024-02-01	$1.38	$1.00	37.7%	18.6%	37.3%	4.9%	65.3%	11.5%	-5.9%	70.1K	-2.1M	-12.0K	0.00	71.97	241	0	71,777	1,989
2024-02-02	$1.31	$1.00	58.9%	20.2%	40.3%	22.1%	116.7%	22.9%	-9.5%	62.8K	-2.0M	-11.1K	0.00	57.35	505	0	71,969	1,989
2024-02-05	$1.27	$1.00	60.2%	25.8%	40.6%	23.1%	0.0%	-7.2%	-25.6%	50.8K	-1.8M	-10.7K	0.02	44.53	47	1	72,195	1,950
2024-02-06	$1.29	$1.00	83.1%	19.7%	40.7%	41.8%	110.9%	-16.7%	-15.4%	58.0K	-1.9M	-11.1K	0.01	69.05	101	1	72,218	1,933
2024-02-07	$1.29	$1.00	69.5%	19.9%	40.6%	30.7%	81.5%	-16.8%	-17.2%	57.2K	-1.9M	-10.8K	0.03	71.04	121	4	72,292	1,932
2024-02-08	$1.31	$1.00	81.8%	23.4%	41.2%	40.7%	88.3%	4.3%	-18.6%	58.6K	-1.9M	-10.4K	0.09	42.41	23	2	72,393	1,935
2024-02-09	$1.29	$1.00	71.5%	20.5%	40.4%	32.3%	83.9%	-0.6%	-19.1%	57.2K	-1.9M	-10.7K	0.00	51.18	25	0	72,425	1,936
2024-02-12	$1.35	$1.00	75.7%	21.7%	44.0%	35.7%	0.0%	5.2%	0.2%	66.3K	-2.1M	-11.6K	0.02	62.42	192	3	72,435	1,876
2024-02-13	$1.31	$1.00	59.7%	17.1%	41.2%	22.8%	54.8%	5.9%	11.0%	63.4K	-1.6M	-9.5K	0.07	74.58	58	4	72,605	1,877
2024-02-14	$1.31	$1.00	40.5%	11.6%	40.8%	7.1%	0.0%	15.0%	28.2%	67.1K	-1.3M	-8.8K	1.36	59.55	326	444	72,608	1,878
2024-02-15	$1.38	$1.00	57.4%	16.5%	44.7%	20.9%	65.0%	-0.1%	-21.6%	78.7K	-2.3M	-10.2K	0.02	41.98	178	3	72,748	2,321
2024-02-16	$1.42	$1.00	59.7%	17.1%	45.4%	22.8%	59.9%	8.3%	0.3%	89.5K	-2.4M	-10.8K	0.00	76.53	534	0	72,673	2,324
2024-02-20	$1.38	$1.00	39.4%	11.3%	46.6%	6.3%	85.0%	32.3%	36.0%	98.4K	-1.7M	-9.2K	0.00	58.04	163	0	72,729	1,865
2024-02-21	$1.44	$1.00	62.9%	18.0%	48.8%	48.8%	63.5%	5.9%	-2.6%	89.3K	-2.5M	-10.2K	0.38	95.23	239	90	72,811	1,865
2024-02-22	$1.40	$1.00	46.2%	13.2%	49.9%	22.7%	162.9%	95.0%	51.6%	92.1K	-2.2M	-11.0K	0.02	79.33	3,483	61	72,832	1,948
2024-02-23	$1.38	$1.00	42.1%	12.1%	49.6%	16.3%	0.0%	34.2%	35.4%	101.2K	-1.9M	-10.8K	0.00	72.70	76	0	74,539	2,008
2024-02-26	$1.38	$1.00	45.4%	13.0%	49.3%	21.5%	52.8%	37.1%	-4.2%	100.0K	-1.8M	-10.2K	1.78	70.19	58	103	74,524	2,005
2024-02-27	$1.42	$1.00	37.9%	10.9%	50.1%	9.7%	112.5%	38.6%	22.9%	139.2K	-2.1M	-11.5K	0.14	86.29	70	10	74,549	2,057
2024-02-28	$1.42	$1.00	49.9%	14.3%	47.7%	28.5%	116.1%	33.5%	27.8%	99.4K	-2.3M	-11.2K	0.18	54.17	131	24	74,604	2,067
2024-02-29	$1.42	$1.00	62.5%	17.9%	45.0%	48.1%	0.0%	38.0%	27.3%	84.5K	-2.5M	-11.0K	0.00	62.32	69	0	74,624	2,067