REI Options History — April 2024

In April 2024, REI traded between $1.92 and $2.13. ATM implied volatility averaged 49.6%, placing in the 24.3% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded above realized volatility by 10.7% (HV 20d: 38.9%). Max pain ranged from $1.50 to $2.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.94.

Notable Days

  • 2024-04-23: Highest Volume — 5,142 contracts
  • 2024-04-04: Largest IV spike — 47.9% change
  • 2024-04-17: Highest IV Rank — 46.4%
  • 2024-04-17: Largest Expected Move — 18.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.02$1.92$2.13$1.98$1.92
Max Pain$1.93$1.50$2.00$1.50$2.00
ATM IV49.6%34.4%65.9%49.3%44.5%
Expected Move15.1%10.3%18.9%14.1%12.7%
HV 20d38.9%27.2%48.3%48.2%29.3%
HV 60d43.9%41.1%45.3%45.2%41.1%
IV Rank24.3%3.6%46.4%23.8%17.3%
IV Percentile34.8%0.8%83.7%29.0%13.5%
Term Structure0.8%-16.6%22.9%4.9%5.9%
VWIV51.8%28.8%62.6%49.4%54.9%
Skew 25d29.0%-3.2%100.7%100.7%2.9%
Skew 10d46.5%0.8%155.4%155.4%9.5%
Call IV 25d48.5%38.3%53.0%52.5%52.9%
Put IV 25d77.5%47.3%153.2%153.2%55.8%
Bid-Ask Spread %70.7056.8787.5476.6387.54
Gamma HHI0.310.270.420.270.33
Net GEX95.5K25.8K156.5K99.7K25.8K
Net DEX-4.1M-5.4M-2.6M-4.2M-2.6M
Net VEX-25.7K-28.3K-22.6K-27.7K-22.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.940.0039.490.020.03
Total Volume559.5305,14259330
Total OI77,621.31873,87279,45476,72279,454

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$1.98$1.5049.3%14.1%48.2%23.8%49.4%100.7%4.9%99.7K-4.2M-27.7K0.0276.635801364,56012,162
2024-04-02$1.98$1.5037.4%10.7%45.9%7.8%28.8%-3.2%11.4%100.5K-4.0M-26.3K0.0774.865704164,67112,175
2024-04-03$2.06$1.5036.1%10.3%45.0%5.9%33.9%2.2%22.9%117.4K-4.9M-28.3K0.0477.349213664,71312,216
2024-04-04$2.00$2.0053.4%18.4%48.3%29.4%59.3%13.6%2.5%103.2K-4.3M-27.6K0.4762.9921810365,17012,249
2024-04-05$2.04$2.0042.5%17.1%48.2%14.7%59.0%5.3%-1.6%104.6K-4.6M-27.4K0.1960.023106065,18012,350
2024-04-08$2.06$2.0034.4%14.5%44.6%3.6%50.3%5.4%0.4%123.1K-4.7M-26.8K0.0262.12261565,22012,400
2024-04-09$2.05$2.0036.4%17.9%42.9%6.5%61.8%5.5%-7.3%122.8K-4.5M-26.7K0.0665.501761165,15212,400
2024-04-10$2.08$2.0051.8%14.9%42.4%27.3%50.9%50.3%-2.8%122.4K-4.8M-26.6K0.1667.192333865,24612,409
2024-04-11$2.13$2.0055.2%15.8%42.4%31.9%55.1%44.7%-0.7%116.5K-5.4M-27.6K0.1756.8759210065,31812,445
2024-04-12$2.08$2.0053.0%15.2%42.0%28.9%52.8%15.0%4.4%116.1K-5.0M-27.2K0.0161.71772465,16112,545
2024-04-15$2.06$2.0051.5%14.8%41.3%26.8%50.0%53.8%2.1%120.6K-4.8M-26.4K0.0760.141411065,20312,547
2024-04-16$2.05$2.0052.5%15.1%41.2%28.2%52.5%2.4%1.5%121.6K-4.6M-26.2K0.2362.112656065,21012,552
2024-04-17$2.00$2.0065.9%18.9%41.0%46.4%0.0%11.5%-16.5%95.2K-4.1M-24.3K0.0070.50190065,37512,581
2024-04-18$1.98$2.0061.6%17.7%37.9%40.5%62.6%8.5%-7.1%150.8K-3.8M-23.7K0.3566.74572065,45312,581
2024-04-19$2.00$2.0050.5%14.5%37.7%25.5%50.5%8.8%6.2%156.5K-4.0M-24.5K0.5875.011076265,46812,591
2024-04-22$2.01$2.0053.4%15.3%36.1%29.4%53.4%9.3%-3.3%76.5K-3.7M-24.7K0.0379.893241061,79512,077
2024-04-23$2.00$2.0061.3%17.6%30.1%40.2%61.6%9.2%-10.4%73.4K-3.8M-24.5K39.4974.391275,01561,96012,087
2024-04-24$1.98$2.0062.6%17.9%28.0%41.9%62.6%9.1%-16.6%42.4K-2.9M-23.4K0.3477.6129910262,03117,078
2024-04-25$1.98$2.0044.6%12.8%27.9%17.5%44.6%91.1%11.2%38.5K-3.0M-25.0K0.3676.43983562,02917,178
2024-04-26$2.00$2.0044.9%12.9%27.8%18.0%45.5%91.4%6.4%35.8K-3.1M-24.6K0.0279.56165462,05917,210
2024-04-29$1.98$2.0049.3%14.1%27.2%23.8%49.3%100.7%4.1%38.2K-2.9M-23.5K0.0080.35144062,19417,214
2024-04-30$1.92$2.0044.5%12.7%29.3%17.3%54.9%2.9%5.9%25.8K-2.6M-22.6K0.0387.5429162,24017,214