REI Options History — July 2025

In July 2025, REI traded between $0.75 and $0.84. ATM implied volatility averaged 86.7%, placing in the 37.7% IV rank vs the trailing year. The 30-day expected move averaged 23.3%. IV traded above realized volatility by 30.0% (HV 20d: 56.7%). Max pain ranged from $0.50 to $0.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.02.

Notable Days

  • 2025-07-29: Highest Volume — 34,186 contracts
  • 2025-07-15: Largest IV spike — 106.8% change
  • 2025-07-16: Highest IV Rank — 63.1%
  • 2025-07-16: Largest Expected Move — 35.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.79$0.75$0.84$0.81$0.77
Max Pain$0.50$0.50$0.50$0.50$0.50
ATM IV86.7%58.3%123.8%83.2%104.4%
Expected Move23.3%16.7%35.5%23.9%29.9%
HV 20d56.7%45.9%66.1%64.1%52.1%
HV 60d57.1%54.4%68.7%68.7%56.3%
IV Rank37.7%21.2%63.1%31.2%50.6%
IV Percentile75.1%42.5%95.2%79.0%89.7%
Term Structure9.1%-47.3%56.0%-30.7%-43.4%
VWIV108.1%56.9%169.7%132.1%118.3%
Skew 25d28.6%-14.0%65.0%39.8%20.4%
Skew 10d29.4%-20.4%61.9%56.6%13.1%
Call IV 25d69.7%44.2%95.7%92.1%56.1%
Put IV 25d98.3%73.3%135.5%131.9%76.6%
Bid-Ask Spread %102.7465.55137.2170.9294.61
Gamma HHI0.430.380.620.410.60
Net GEX23.8K18.2K50.6K20.2K48.9K
Net DEX-972.7K-1.5M-604.9K-917.5K-1.5M
Net VEX-6.9K-9.4K-5.2K-7.0K-9.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.020.000.170.000.00
Total Volume2,036.6361334,186439248
Total OI56,575.68251,41689,61551,41689,615

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$0.81$0.5083.2%23.9%64.1%31.2%132.1%39.8%-30.7%20.2K-917.5K-7.0K0.0070.92438149,9611,455
2025-07-02$0.82$0.5087.0%24.9%64.1%33.2%123.3%53.5%-8.6%23.4K-944.1K-7.1K0.0065.55509050,2251,456
2025-07-03$0.81$0.5088.2%18.4%64.0%33.9%0.0%38.4%40.6%21.1K-938.4K-7.4K0.00111.4713050,6001,456
2025-07-07$0.77$0.50121.8%18.7%66.1%51.9%71.5%3.1%44.9%19.1K-956.6K-7.4K0.02116.7641150,6061,456
2025-07-08$0.79$0.50104.7%19.3%65.2%42.8%102.6%3.9%42.6%20.4K-914.3K-7.0K0.0097.26363050,6361,457
2025-07-09$0.78$0.5067.5%19.4%64.7%27.1%0.0%5.8%43.6%19.3K-921.8K-7.1K0.00115.74208050,9381,457
2025-07-10$0.78$0.5068.4%19.6%64.5%27.7%112.5%-11.3%40.7%19.8K-942.2K-7.2K0.00116.21219050,9661,457
2025-07-11$0.81$0.5058.3%16.7%65.4%21.2%0.0%29.2%38.5%21.5K-942.4K-7.2K0.0298.224881051,1381,457
2025-07-14$0.79$0.5058.9%16.9%65.2%21.6%56.9%24.6%42.0%20.4K-940.4K-6.8K0.03124.204081251,5201,455
2025-07-15$0.75$0.50121.8%34.9%64.7%61.8%0.0%65.0%-45.7%18.3K-606.8K-5.5K0.00115.14616051,7231,466
2025-07-16$0.75$0.50123.8%35.5%58.3%63.1%0.0%42.3%-47.3%18.2K-613.3K-5.4K0.1799.481061852,0701,466
2025-07-17$0.76$0.5074.4%21.3%49.1%31.5%93.6%46.0%-23.3%19.4K-662.0K-5.3K0.0097.21490152,1911,468
2025-07-18$0.75$0.50105.6%30.3%48.8%51.4%0.0%34.8%26.3%18.3K-604.9K-5.2K0.00106.511,032152,6741,384
2025-07-21$0.77$0.5081.0%23.2%45.9%35.7%0.0%42.7%-26.4%21.4K-811.1K-6.3K0.00114.32439251,4761,367
2025-07-22$0.80$0.5069.1%19.8%46.0%28.1%0.0%52.9%-25.1%23.8K-888.3K-6.8K0.01117.617291051,6471,369
2025-07-23$0.84$0.5074.1%21.2%47.8%31.3%87.2%56.2%34.4%24.0K-1.1M-7.0K0.0098.962,156552,1301,379
2025-07-24$0.81$0.5073.3%21.0%49.9%30.8%131.5%-14.0%56.0%22.3K-1.2M-7.4K0.04114.823301354,0001,388
2025-07-25$0.79$0.5072.5%20.8%50.8%30.3%0.0%3.4%37.4%21.6K-1.2M-7.1K0.0083.3487054,2311,396
2025-07-28$0.82$0.5082.0%23.5%52.1%36.4%0.0%46.7%32.3%24.0K-1.2M-7.2K0.0984.952312054,2561,396
2025-07-29$0.83$0.5085.2%24.4%47.2%38.4%98.0%39.9%-11.1%26.7K-1.1M-7.1K0.00137.2134,180654,4951,411
2025-07-30$0.78$0.50102.2%29.3%52.3%49.3%169.7%5.1%-17.1%50.6K-1.5M-8.6K0.0279.801,3482787,5591,412
2025-07-31$0.77$0.50104.4%29.9%52.1%50.6%118.3%20.4%-43.4%48.9K-1.5M-9.4K0.0094.61248088,1771,438