REI Options History — January 2025

In January 2025, REI traded between $1.31 and $1.50. ATM implied volatility averaged 82.3%, placing in the 30.7% IV rank vs the trailing year. The 30-day expected move averaged 26.5%. IV traded above realized volatility by 39.4% (HV 20d: 42.9%). Max pain ranged from $1.00 to $2.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.09.

Notable Days

  • 2025-01-28: Highest Volume — 15,551 contracts
  • 2025-01-15: Largest IV spike — 154.3% change
  • 2025-01-17: Highest IV Rank — 84.1%
  • 2025-01-17: Largest Expected Move — 52.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.43$1.31$1.50$1.42$1.31
Max Pain$1.85$1.00$2.00$1.00$2.00
ATM IV82.3%45.2%181.7%68.9%48.1%
Expected Move26.5%13.0%52.1%19.8%13.8%
HV 20d42.9%32.9%48.7%48.7%32.9%
HV 60d53.2%52.5%53.8%53.8%53.6%
IV Rank30.7%10.8%84.1%23.5%12.4%
IV Percentile69.6%23.0%99.6%80.2%30.2%
Term Structure-5.9%-47.3%29.4%-27.9%25.9%
VWIV78.1%47.7%100.0%92.2%78.6%
Skew 25d50.3%-12.0%156.7%-12.0%17.1%
Skew 10d54.1%5.4%186.3%5.4%8.6%
Call IV 25d56.9%37.1%89.4%89.4%49.7%
Put IV 25d107.2%65.2%213.2%77.3%66.8%
Bid-Ask Spread %79.9147.78105.5447.7954.25
Gamma HHI0.440.340.710.360.66
Net GEX66.1K36.9K108.0K58.8K90.4K
Net DEX-2.0M-2.6M-1.5M-2.0M-2.3M
Net VEX-11.9K-15.7K-8.6K-10.7K-14.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.090.000.830.020.00
Total Volume3,034.8512615,551581126
Total OI93,984.858,168103,179101,99496,991

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$1.42$1.0068.9%19.8%48.7%23.5%92.2%-12.0%-27.9%58.8K-2.0M-10.7K0.0247.7957110100,3591,635
2025-01-03$1.44$1.0067.0%19.2%48.1%22.5%72.1%7.2%3.8%57.0K-2.0M-10.4K0.0162.924633100,5521,645
2025-01-06$1.44$1.0075.6%22.8%48.1%27.1%47.7%7.8%-14.2%57.7K-2.0M-10.3K0.2385.71474107100,9811,647
2025-01-07$1.44$2.0063.3%41.7%43.4%20.5%0.0%120.0%-24.5%46.6K-1.8M-9.6K0.0195.885927101,1821,754
2025-01-08$1.46$2.0085.1%22.6%42.5%32.2%0.0%22.9%-13.7%59.9K-2.1M-10.5K0.00105.541690101,3031,750
2025-01-10$1.50$2.0075.3%43.7%43.5%27.0%84.4%125.0%-20.7%62.0K-2.2M-10.8K0.2195.9637179101,2981,750
2025-01-13$1.50$2.0099.6%36.6%43.5%40.0%87.7%83.7%-21.3%62.5K-2.2M-10.4K0.0183.125115101,3311,848
2025-01-14$1.46$2.0068.4%24.3%44.8%23.3%81.8%24.6%-16.1%59.2K-1.9M-9.4K0.0769.7620315101,2231,853
2025-01-15$1.50$2.00173.9%49.8%45.2%79.9%90.1%149.5%-20.1%65.4K-2.1M-10.4K0.0184.895274101,2041,850
2025-01-16$1.46$2.00171.3%49.1%44.3%78.5%57.8%154.3%-27.6%50.9K-1.7M-8.7K0.38103.9214053100,9881,847
2025-01-17$1.48$2.00181.7%52.1%42.5%84.1%100.0%156.7%-47.3%36.9K-1.5M-8.6K0.8385.906,0705,041100,9451,850
2025-01-21$1.48$2.0078.2%22.4%40.3%28.5%82.5%12.7%-14.6%45.2K-1.5M-11.8K0.0066.7014,776152,0466,122
2025-01-22$1.42$2.0077.4%22.2%43.8%28.1%76.1%5.2%-16.1%58.1K-1.8M-13.4K0.0065.2910,4972765,5006,123
2025-01-23$1.42$2.0065.6%18.8%43.2%21.8%65.9%5.2%-7.0%86.0K-2.6M-15.0K0.0081.54249075,5386,049
2025-01-24$1.40$2.0053.5%15.3%43.0%15.3%66.7%16.8%20.6%79.6K-2.5M-15.1K0.0194.873,4912775,4946,049
2025-01-27$1.37$2.0047.0%13.5%41.2%11.8%87.9%31.5%25.1%73.4K-1.8M-13.2K0.03101.11127476,4986,069
2025-01-28$1.33$2.0046.3%13.3%42.4%11.4%0.0%23.3%29.4%63.7K-1.7M-13.2K0.0084.3715,5312076,5786,069
2025-01-29$1.35$2.0054.0%15.5%42.0%15.5%78.6%27.1%22.0%108.0K-2.4M-15.7K0.0080.89248190,7256,085
2025-01-30$1.35$2.0045.2%13.0%34.1%10.8%0.0%27.6%26.8%100.1K-2.3M-15.4K0.0047.78157090,8796,086
2025-01-31$1.31$2.0048.1%13.8%32.9%12.4%0.0%17.1%25.9%90.4K-2.3M-14.9K0.0054.25126090,9056,086