REI Options History — June 2025

In June 2025, REI traded between $0.74 and $0.88. ATM implied volatility averaged 86.3%, placing in the 32.9% IV rank vs the trailing year. The 30-day expected move averaged 21.5%. IV traded above realized volatility by 28.4% (HV 20d: 57.9%). Max pain ranged from $0.50 to $0.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.03.

Notable Days

2025-06-18: Highest Volume — 15,377 contracts
2025-06-11: Largest IV drop — 56.3% change
2025-06-05: Highest IV Rank — 65.8%
2025-06-04: Largest Expected Move — 28.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$0.80	$0.74	$0.88	$0.76	$0.81
Max Pain	$0.50	$0.50	$0.50	$0.50	$0.50
ATM IV	86.3%	50.0%	147.7%	94.2%	80.9%
Expected Move	21.5%	14.3%	28.6%	27.0%	23.2%
HV 20d	57.9%	48.5%	65.4%	54.9%	64.2%
HV 60d	66.5%	63.1%	70.4%	64.9%	70.4%
IV Rank	32.9%	13.4%	65.8%	37.1%	30.0%
IV Percentile	73.0%	21.0%	96.4%	87.3%	76.6%
Term Structure	9.8%	-40.4%	59.0%	-33.8%	-6.2%
VWIV	101.4%	61.1%	178.1%	178.1%	89.0%
Skew 25d	12.5%	-40.6%	50.8%	-0.5%	44.1%
Skew 10d	13.7%	-32.5%	35.6%	0.8%	35.0%
Call IV 25d	76.7%	42.5%	122.7%	81.1%	81.4%
Put IV 25d	89.1%	70.6%	125.5%	80.6%	125.5%
Bid-Ask Spread %	82.17	45.20	115.97	91.37	66.68
Gamma HHI	0.46	0.39	0.55	0.48	0.42
Net GEX	15.5K	10.9K	22.4K	11.7K	22.4K
Net DEX	-781.6K	-1.1M	-561.5K	-583.3K	-930.1K
Net VEX	-5.8K	-8.3K	-4.3K	-4.7K	-7.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.03	0.00	0.22	0.01	0.22
Total Volume	1,265.8	104	15,377	164	335
Total OI	42,579	36,943	56,076	36,943	51,216

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-06-02	$0.76	$0.50	94.2%	27.0%	54.9%	37.1%	178.1%	-0.5%	-33.8%	11.7K	-583.3K	-4.7K	0.01	91.37	163	1	35,765	1,178
2025-06-03	$0.77	$0.50	98.1%	28.1%	53.9%	39.2%	0.0%	8.7%	-34.7%	12.4K	-668.5K	-5.1K	0.00	105.60	181	0	35,879	1,178
2025-06-04	$0.76	$0.50	99.8%	28.6%	53.9%	40.1%	104.8%	-2.8%	59.0%	11.8K	-648.0K	-4.9K	0.00	89.45	270	1	35,971	1,178
2025-06-05	$0.74	$0.50	147.7%	24.9%	53.4%	65.8%	0.0%	15.1%	3.4%	10.9K	-616.6K	-4.8K	0.01	115.97	149	2	36,147	1,178
2025-06-06	$0.77	$0.50	108.0%	18.0%	55.5%	44.5%	110.4%	8.2%	31.3%	11.7K	-561.5K	-4.3K	0.01	96.62	133	1	36,093	1,180
2025-06-09	$0.79	$0.50	124.3%	19.0%	55.6%	53.3%	101.2%	31.7%	27.8%	13.1K	-685.1K	-4.9K	0.04	84.51	114	4	36,215	1,179
2025-06-10	$0.80	$0.50	131.4%	19.4%	52.8%	57.1%	79.5%	4.6%	1.4%	13.7K	-699.2K	-5.1K	0.00	83.34	407	0	36,271	1,183
2025-06-11	$0.82	$0.50	57.4%	16.5%	52.1%	17.4%	0.0%	33.5%	25.2%	14.8K	-732.9K	-5.3K	0.00	86.23	745	0	36,554	1,183
2025-06-12	$0.84	$0.50	71.6%	20.5%	52.1%	25.0%	73.3%	17.9%	-0.9%	14.6K	-632.5K	-4.5K	0.02	85.00	102	2	36,018	1,183
2025-06-13	$0.88	$0.50	50.0%	14.3%	48.5%	13.4%	61.1%	50.8%	48.8%	16.2K	-875.9K	-5.4K	0.01	45.20	1,418	17	36,091	1,185
2025-06-16	$0.81	$0.50	60.9%	17.5%	56.6%	19.2%	95.6%	33.8%	23.9%	13.0K	-654.4K	-4.5K	0.01	69.25	1,834	13	37,090	1,202
2025-06-17	$0.88	$0.50	65.6%	18.8%	63.7%	21.8%	70.4%	23.8%	23.1%	16.1K	-891.3K	-5.4K	0.01	88.69	900	6	38,822	1,215
2025-06-18	$0.86	$0.50	66.0%	18.9%	62.7%	22.0%	75.5%	19.9%	-40.4%	16.7K	-856.9K	-5.5K	0.01	66.44	15,255	122	39,567	1,221
2025-06-20	$0.81	$0.50	65.0%	18.6%	63.7%	21.4%	102.5%	35.9%	2.4%	21.6K	-1.1M	-8.3K	0.21	81.95	298	63	54,733	1,343
2025-06-23	$0.78	$0.50	65.0%	18.6%	65.4%	21.4%	118.4%	-17.0%	48.1%	18.7K	-987.7K	-7.9K	0.00	81.49	1,392	5	48,078	1,376
2025-06-24	$0.76	$0.50	81.7%	23.4%	63.3%	30.4%	104.6%	-5.2%	-25.1%	17.7K	-852.8K	-6.9K	0.03	80.88	487	15	49,156	1,381
2025-06-25	$0.77	$0.50	84.4%	24.2%	63.3%	31.9%	151.0%	-5.7%	-2.6%	17.9K	-891.7K	-6.9K	0.02	65.42	295	7	49,345	1,389
2025-06-26	$0.77	$0.50	86.3%	24.7%	61.9%	32.9%	97.3%	-6.7%	-3.6%	18.2K	-873.5K	-6.8K	0.00	82.62	153	0	49,400	1,396
2025-06-27	$0.76	$0.50	87.2%	25.0%	60.3%	33.4%	110.5%	-40.6%	48.7%	17.8K	-871.9K	-6.9K	0.00	76.74	425	1	49,445	1,396
2025-06-30	$0.81	$0.50	80.9%	23.2%	64.2%	30.0%	89.0%	44.1%	-6.2%	22.4K	-930.1K	-7.3K	0.22	66.68	275	60	49,820	1,396