REI Options History — May 2024

In May 2024, REI traded between $1.75 and $1.94. ATM implied volatility averaged 56.9%, placing in the 30.6% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 18.8% (HV 20d: 38.1%). 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 18 of 22 days. Put/call ratio averaged 0.10.

Notable Days

  • 2024-05-07: Highest Volume — 15,077 contracts
  • 2024-05-20: Largest IV spike — 67.3% change
  • 2024-05-13: Highest IV Rank — 100.0%
  • 2024-05-29: Largest Expected Move — 18.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.82$1.75$1.94$1.87$1.79
Max Pain$1.57$1.50$2.00$2.00$1.50
ATM IV56.9%34.6%120.6%54.2%57.3%
Expected Move12.8%8.2%18.0%15.5%16.4%
HV 20d38.1%23.3%55.3%26.2%54.7%
HV 60d42.6%40.3%46.3%41.0%46.2%
IV Rank30.6%3.3%100.0%30.5%28.8%
IV Percentile45.5%1.2%100.0%49.2%58.3%
Term Structure12.6%-13.9%30.6%13.2%20.4%
VWIV56.2%34.3%101.7%77.3%77.2%
Skew 25d14.4%2.5%61.0%22.9%21.3%
Skew 10d11.5%-14.3%146.6%2.4%-4.0%
Call IV 25d35.8%26.0%48.8%45.0%35.4%
Put IV 25d50.2%33.1%103.5%68.0%56.6%
Bid-Ask Spread %89.6055.95141.2773.42103.91
Gamma HHI0.370.300.470.430.34
Net GEX59.7K22.0K93.4K25.8K91.2K
Net DEX-2.9M-4.9M-1.5M-1.9M-4.1M
Net VEX-26.2K-33.2K-18.0K-20.2K-29.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.100.000.480.100.09
Total Volume1,620.0913115,07734547
Total OI94,213.18279,481102,81779,481102,817

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$1.87$2.0054.2%15.5%26.2%30.5%77.3%22.9%13.2%25.8K-1.9M-20.2K0.1073.423153062,26417,217
2024-05-02$1.87$2.0036.4%10.4%24.6%6.4%0.0%22.7%20.5%22.0K-2.0M-20.6K0.0079.831,108062,32917,237
2024-05-03$1.88$2.0038.1%10.9%23.3%8.8%101.7%27.7%18.5%26.4K-2.0M-20.6K0.0261.6254163,41417,237
2024-05-06$1.94$1.5045.1%14.0%26.1%18.1%48.8%5.4%6.2%33.9K-2.8M-21.8K0.0655.952361463,43917,238
2024-05-07$1.81$1.5037.9%11.3%35.2%8.4%41.7%61.0%2.1%29.7K-1.5M-18.0K0.0086.4215,077063,64817,252
2024-05-08$1.77$1.5062.7%8.2%34.7%42.0%34.3%6.2%24.2%47.1K-2.0M-25.0K0.4892.201597678,65917,227
2024-05-09$1.77$1.5066.4%8.3%32.8%47.1%39.6%6.2%26.7%44.8K-2.0M-25.6K0.08100.812602278,70017,272
2024-05-10$1.75$1.5078.6%11.1%32.3%63.6%44.3%5.5%-13.9%43.4K-1.9M-25.1K0.01100.91352478,74517,242
2024-05-13$1.77$1.50111.8%8.7%33.1%100.0%0.0%6.3%22.6%50.4K-1.6M-23.6K0.0078.1061078,59717,242
2024-05-14$1.75$1.50120.6%11.7%33.1%100.0%46.7%2.5%11.7%54.0K-2.0M-25.3K0.02100.962,0603278,63817,242
2024-05-15$1.75$1.5041.2%11.8%32.6%10.7%0.0%5.7%5.6%59.9K-2.0M-24.9K0.0460.549434080,44317,241
2024-05-16$1.75$1.5041.8%12.0%32.7%11.4%48.1%5.7%0.0%57.6K-2.2M-26.6K0.3759.991746581,21016,599
2024-05-17$1.85$1.5034.6%9.9%39.0%3.3%70.8%17.8%10.8%64.7K-2.8M-28.5K0.0993.902162081,26016,660
2024-05-20$1.90$1.5057.9%16.6%40.4%29.5%50.0%5.9%-6.2%75.1K-4.0M-29.2K0.00107.2410,701478,98212,221
2024-05-21$1.92$1.5058.0%16.6%40.7%29.6%46.9%10.8%-5.8%93.4K-4.9M-33.2K0.0077.1865087,53712,221
2024-05-22$1.83$1.5036.9%10.6%43.8%5.8%65.2%19.0%28.4%84.1K-3.9M-29.8K0.1295.2842587,54312,221
2024-05-23$1.77$1.5054.6%15.7%45.0%25.8%0.0%11.1%9.7%75.2K-4.0M-30.7K0.07141.2729287,57312,226
2024-05-24$1.79$1.5043.3%12.4%45.0%13.0%56.4%14.9%30.6%71.0K-3.7M-29.1K0.41100.11321387,58712,226
2024-05-28$1.92$1.5055.8%16.0%52.4%27.2%34.8%23.0%10.7%84.4K-4.5M-30.3K0.04109.243,07611087,57312,226
2024-05-29$1.81$1.5062.7%18.0%55.3%34.9%70.8%7.6%5.0%92.6K-4.1M-29.6K0.27102.50441290,61012,127
2024-05-30$1.79$1.5056.0%16.0%54.7%27.3%0.0%6.7%24.5%85.5K-3.8M-29.0K0.0089.72141090,62612,122
2024-05-31$1.79$1.5057.3%16.4%54.7%28.8%77.2%21.3%20.4%91.2K-4.1M-29.6K0.09103.9143490,69512,122