REI Options History — May 2025

In May 2025, REI traded between $0.74 and $0.92. ATM implied volatility averaged 90.2%, placing in the 35.0% IV rank vs the trailing year. The 30-day expected move averaged 21.1%. IV traded above realized volatility by 31.8% (HV 20d: 58.4%). Max pain ranged from $0.50 to $1.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.07.

Notable Days

  • 2025-05-30: Highest Volume — 10,057 contracts
  • 2025-05-21: Largest IV spike — 69.2% change
  • 2025-05-30: Highest IV Rank — 80.5%
  • 2025-05-30: Largest Expected Move — 50.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.83$0.74$0.92$0.90$0.75
Max Pain$0.98$0.50$1.00$1.00$0.50
ATM IV90.2%49.1%175.0%77.3%175.0%
Expected Move21.1%11.1%50.2%22.2%50.2%
HV 20d58.4%49.0%88.2%88.2%55.5%
HV 60d65.2%64.0%66.3%64.1%65.7%
IV Rank35.0%12.9%80.5%28.1%80.5%
IV Percentile77.3%21.0%98.8%79.8%98.8%
Term Structure3.3%-60.8%44.5%-17.1%-60.8%
VWIV97.8%57.1%174.3%64.1%174.3%
Skew 25d28.5%-12.6%70.0%14.1%13.7%
Skew 10d27.1%-10.0%60.6%24.7%15.4%
Call IV 25d66.4%38.8%126.6%72.2%61.6%
Put IV 25d94.9%72.9%170.6%86.3%75.3%
Bid-Ask Spread %88.6559.37106.7567.9888.58
Gamma HHI0.400.350.480.370.38
Net GEX10.3K7.7K13.8K12.1K8.3K
Net DEX-448.2K-548.4K-334.1K-509.0K-406.8K
Net VEX-4.2K-4.6K-3.5K-4.6K-3.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.070.000.260.200.00
Total Volume689.952610,057610,057
Total OI30,404.23828,99331,91428,99331,914

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$0.90$1.0077.3%22.2%88.2%28.1%64.1%14.1%-17.1%12.1K-509.0K-4.6K0.2067.985127,6611,332
2025-05-02$0.92$1.0081.0%23.2%85.4%30.0%146.1%27.6%-13.5%12.9K-548.4K-4.6K0.03105.156582127,6661,333
2025-05-05$0.88$1.0088.9%15.5%68.8%34.3%57.1%19.9%6.2%11.6K-470.5K-4.3K0.2664.58461228,3051,316
2025-05-06$0.88$1.0093.2%15.6%68.8%36.6%57.7%20.1%18.8%10.7K-492.8K-4.5K0.2059.372565028,3111,322
2025-05-07$0.85$1.0094.7%18.6%62.0%37.4%64.1%43.1%19.8%9.9K-446.3K-4.2K0.0081.5499028,5461,372
2025-05-08$0.83$1.0096.3%15.4%58.6%38.2%0.0%62.1%30.2%9.3K-368.9K-3.7K0.0063.1047028,5651,372
2025-05-09$0.85$1.00107.3%15.9%49.0%44.1%85.2%70.0%16.5%11.2K-433.5K-4.4K0.0295.4349128,6021,372
2025-05-12$0.89$1.00113.6%16.9%50.0%47.5%60.1%23.4%-16.2%13.8K-448.0K-4.4K0.0396.21191628,6201,363
2025-05-13$0.92$1.00136.5%11.1%50.2%59.8%133.8%48.4%35.8%12.7K-537.4K-4.6K0.0081.75160028,7351,367
2025-05-14$0.89$1.0049.1%14.1%51.7%12.9%59.0%49.6%37.5%11.3K-475.2K-4.3K0.0296.50110228,8401,367
2025-05-15$0.83$1.0058.8%16.9%57.3%18.1%0.0%39.1%23.9%10.6K-439.5K-4.3K0.0198.16506328,9301,368
2025-05-16$0.81$1.0058.2%16.7%51.5%17.8%0.0%29.1%-14.2%10.3K-495.6K-4.6K0.0195.71696529,2221,369
2025-05-19$0.82$1.0061.7%17.7%51.5%19.7%0.0%35.7%44.5%10.0K-513.9K-4.5K0.1196.861742029,4961,223
2025-05-20$0.79$1.0059.8%17.2%51.8%18.7%0.0%23.9%-17.3%9.5K-410.6K-4.1K0.0295.0163129,6061,243
2025-05-21$0.75$1.00101.2%29.0%53.5%40.9%73.4%20.4%3.8%8.5K-457.4K-4.4K0.1888.851983629,6491,244
2025-05-22$0.75$1.00103.0%29.5%51.3%41.8%124.7%16.6%3.0%7.7K-334.1K-3.5K0.22106.75691529,7171,266
2025-05-23$0.79$1.0062.9%18.0%54.7%20.3%119.9%8.2%1.8%9.6K-465.8K-4.2K0.0588.5786429,7551,277
2025-05-27$0.80$1.0069.1%19.8%54.8%23.7%120.5%1.9%-22.2%9.8K-387.3K-3.8K0.0288.0085229,7871,281
2025-05-28$0.77$1.0084.5%24.2%55.7%31.9%0.0%-12.6%-2.5%8.2K-344.1K-3.5K0.00105.35562029,8371,283
2025-05-29$0.74$1.00121.9%34.9%56.1%52.0%126.6%44.0%-8.7%7.8K-428.0K-4.0K0.0298.15190330,3721,283
2025-05-30$0.75$0.50175.0%50.2%55.5%80.5%174.3%13.7%-60.8%8.3K-406.8K-3.7K0.0088.5810,055230,7381,176