REI Options History — April 2025

In April 2025, REI traded between $0.82 and $1.17. ATM implied volatility averaged 72.9%, placing in the 25.7% IV rank vs the trailing year. The 30-day expected move averaged 19.5%. IV traded below realized volatility by 5.0% (HV 20d: 77.9%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.75.

Notable Days

  • 2025-04-15: Highest Volume — 5,507 contracts
  • 2025-04-10: Largest IV spike — 73.2% change
  • 2025-04-10: Highest IV Rank — 47.4%
  • 2025-04-10: Largest Expected Move — 32.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.92$0.82$1.17$1.17$0.88
Max Pain$1.00$1.00$1.00$1.00$1.00
ATM IV72.9%45.3%113.4%73.5%55.8%
Expected Move19.5%12.6%32.5%16.5%16.0%
HV 20d77.9%48.4%87.4%48.7%87.4%
HV 60d58.5%43.0%63.8%43.1%63.8%
IV Rank25.7%10.9%47.4%26.0%16.5%
IV Percentile69.9%18.3%95.2%79.4%41.7%
Term Structure7.9%-46.9%38.0%-5.9%21.8%
VWIV108.2%48.8%218.3%48.8%134.3%
Skew 25d10.7%-27.1%92.6%-2.0%7.7%
Skew 10d22.0%-14.4%118.6%-5.5%20.2%
Call IV 25d68.0%42.7%89.0%46.2%76.9%
Put IV 25d78.7%36.7%150.8%44.2%84.5%
Bid-Ask Spread %93.1965.93131.4873.8288.68
Gamma HHI0.330.270.370.370.37
Net GEX10.2K5.9K14.2K14.2K12.1K
Net DEX-459.7K-640.7K-235.5K-561.4K-504.8K
Net VEX-4.4K-5.5K-3.0K-5.2K-4.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.006.090.000.00
Total Volume437.095235,5075023
Total OI25,420.57121,51828,99021,51828,990

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$1.17$1.0073.5%16.5%48.7%26.0%0.0%-2.0%-5.9%14.2K-561.4K-5.2K0.0073.8250020,708810
2025-04-02$1.17$1.0075.9%12.6%48.4%27.3%0.0%-4.5%36.6%13.8K-640.7K-5.5K0.0079.5236020,753810
2025-04-03$1.08$1.0058.2%17.1%51.9%17.8%48.8%-6.0%-19.9%11.3K-385.9K-4.1K0.0182.63148120,859810
2025-04-04$0.93$1.0084.2%18.3%73.1%31.8%0.0%9.9%-7.5%8.3K-311.1K-3.7K0.41126.9329212020,830807
2025-04-07$0.93$1.0096.0%24.9%73.1%38.1%0.0%27.1%-9.3%8.4K-400.8K-4.3K0.30131.48802421,084823
2025-04-08$0.85$1.0094.7%20.1%78.7%37.4%71.0%-27.1%29.3%6.7K-314.4K-3.7K0.03116.406762221,020847
2025-04-09$0.90$1.0065.5%18.8%78.0%21.7%0.0%25.3%9.1%7.3K-243.3K-3.2K0.0388.327652021,687875
2025-04-10$0.82$1.00113.4%32.5%83.1%47.4%218.3%-24.5%-1.6%6.8K-355.4K-3.9K0.21124.8124522,479895
2025-04-11$0.85$1.0080.0%22.9%83.2%29.5%148.1%17.8%-21.5%6.6K-257.6K-3.3K0.6597.991288322,501881
2025-04-14$0.83$1.0062.3%17.9%79.5%20.0%72.2%-12.1%38.0%6.9K-265.1K-3.2K0.12104.0966822,527964
2025-04-15$0.82$1.0062.7%18.0%79.2%20.2%69.6%92.6%0.7%5.9K-235.5K-3.0K0.00106.025,500722,565957
2025-04-16$0.84$1.0078.4%22.5%79.7%28.6%0.0%18.4%-7.1%11.2K-459.5K-4.3K0.01104.27130127,584963
2025-04-17$0.90$1.0073.6%21.1%85.6%26.1%78.4%31.2%5.6%11.8K-538.7K-4.7K0.3466.161575427,696964
2025-04-21$0.88$1.0073.0%20.9%85.4%25.8%80.4%2.4%3.8%10.5K-622.7K-5.1K6.09115.443320127,483931
2025-04-22$0.90$1.0066.9%19.2%86.3%22.4%0.0%1.2%29.6%11.4K-612.7K-5.2K0.0067.8161027,5151,132
2025-04-23$0.87$1.0045.3%13.0%86.3%10.9%165.6%37.2%31.8%12.2K-582.0K-5.2K1.8567.835410027,5491,132
2025-04-24$0.90$1.0069.7%20.0%86.3%24.0%92.2%1.2%28.9%12.0K-593.6K-5.2K1.4088.77304227,5791,232
2025-04-25$0.92$1.0088.8%25.5%87.2%34.2%119.4%14.8%-46.9%13.1K-625.9K-5.2K0.1265.9342527,5901,253
2025-04-28$0.93$1.0056.3%16.1%87.3%16.8%134.3%10.2%24.6%12.2K-598.3K-5.0K0.0267.9866127,6101,251
2025-04-29$0.91$1.0057.0%16.3%87.2%17.1%0.0%4.2%25.1%12.3K-544.3K-4.7K4.1792.042410027,6351,251
2025-04-30$0.88$1.0055.8%16.0%87.4%16.5%0.0%7.7%21.8%12.1K-504.8K-4.7K0.0088.6823027,6391,351