REI Options History — August 2025

In August 2025, REI traded between $0.72 and $1.12. ATM implied volatility averaged 105.5%, placing in the 47.1% IV rank vs the trailing year. The 30-day expected move averaged 23.0%. IV traded above realized volatility by 39.3% (HV 20d: 66.2%). 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 13 of 21 days. Put/call ratio averaged 0.13.

Notable Days

  • 2025-08-01: Highest Volume — 11,887 contracts
  • 2025-08-20: Largest IV spike — 84.5% change
  • 2025-08-07: Highest IV Rank — 100.0%
  • 2025-08-05: Largest Expected Move — 55.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.90$0.72$1.12$0.72$1.08
Max Pain$0.98$0.50$1.00$0.50$1.00
ATM IV105.5%33.4%202.3%161.3%33.4%
Expected Move23.0%9.6%55.4%46.2%9.6%
HV 20d66.2%54.4%77.2%56.8%68.3%
HV 60d60.5%57.0%64.5%57.9%64.5%
IV Rank47.1%3.1%100.0%86.9%3.1%
IV Percentile65.4%0.4%100.0%97.6%0.4%
Term Structure-0.1%-120.5%43.3%-120.5%41.6%
VWIV93.5%24.1%195.1%180.7%24.1%
Skew 25d34.0%-12.9%85.3%15.4%-12.9%
Skew 10d46.5%9.2%85.8%9.8%9.9%
Call IV 25d70.2%49.6%93.1%60.2%62.3%
Put IV 25d104.1%49.4%177.5%75.6%49.4%
Bid-Ask Spread %64.7040.23114.51114.5163.45
Gamma HHI0.670.530.750.570.73
Net GEX94.9K36.7K182.9K36.7K182.9K
Net DEX-3.6M-7.1M-1.1M-1.1M-7.1M
Net VEX-14.4K-18.4K-7.4K-7.4K-16.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.130.001.800.000.24
Total Volume1,549.47621411,88711,887382
Total OI109,023.57189,775115,81789,775115,817

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$0.72$0.50161.3%46.2%56.8%86.9%180.7%15.4%-120.5%36.7K-1.1M-7.4K0.00114.5111,887088,3371,438
2025-08-04$0.74$1.00172.5%40.5%55.4%94.1%0.0%38.3%-45.4%42.8K-2.7M-13.5K0.0059.736051103,3331,438
2025-08-05$0.74$1.00180.9%55.4%54.4%99.5%195.1%85.3%-81.0%38.2K-2.9M-13.9K0.0158.625393103,5101,439
2025-08-06$0.76$1.00160.1%20.9%55.3%86.2%113.9%26.6%26.2%54.8K-1.9M-11.3K0.0362.6039013103,9971,441
2025-08-07$0.74$1.00202.3%24.1%56.1%100.0%0.0%23.2%-12.2%51.9K-1.5M-10.1K0.0479.392059104,2091,453
2025-08-08$0.80$1.00127.4%18.5%61.5%57.8%0.0%34.2%16.4%68.0K-2.2M-12.7K0.0261.341,72827104,3841,436
2025-08-11$0.81$1.00171.0%19.3%60.9%82.3%0.0%68.9%17.1%72.0K-2.2M-12.3K0.0378.542797105,3661,461
2025-08-12$0.81$1.00197.3%16.0%57.6%97.2%0.0%56.8%43.3%69.6K-2.2M-12.0K0.0062.333390105,4591,461
2025-08-13$0.83$1.0058.0%16.6%58.0%18.6%0.0%70.0%15.7%81.0K-2.2M-12.6K0.0672.2672841105,8101,461
2025-08-14$0.92$1.0089.9%25.8%67.6%36.6%90.3%42.0%-23.0%89.8K-3.7M-15.8K0.0465.081,91680106,4291,473
2025-08-15$0.96$1.0065.2%18.7%68.1%22.7%76.6%34.5%-4.4%109.8K-4.1M-15.8K1.8061.349971,798107,5981,550
2025-08-18$0.97$1.0067.2%19.3%67.9%23.8%75.5%38.7%10.7%113.8K-4.1M-16.1K0.1960.7833664107,3513,257
2025-08-19$0.88$1.0040.3%11.5%77.2%8.6%111.4%39.1%37.6%107.7K-2.3M-12.8K0.0461.971,05740107,7753,321
2025-08-20$0.92$1.0074.3%21.3%76.9%27.8%99.6%-2.0%5.6%89.3K-3.9M-16.6K0.0458.931,65760108,3373,338
2025-08-21$0.94$1.0073.8%21.2%75.5%27.5%86.2%31.2%6.5%99.7K-3.9M-16.1K0.0144.363784109,8803,397
2025-08-22$0.96$1.0061.2%17.5%74.7%19.5%86.3%27.0%-3.4%110.2K-4.3M-16.7K0.0167.5381110110,0163,399
2025-08-25$0.99$1.0073.3%21.0%74.4%26.4%76.0%49.2%15.8%126.7K-4.6M-16.7K0.0065.951,2994110,6023,406
2025-08-26$1.04$1.0064.9%18.6%75.7%21.6%48.0%34.2%33.3%179.3K-5.8M-17.5K0.1060.871,066104111,3893,410
2025-08-27$1.12$1.0084.2%24.2%73.6%32.6%95.6%6.5%-4.1%118.8K-6.8M-18.4K0.0058.912,0745111,5273,492
2025-08-28$1.10$1.0057.4%16.5%73.9%16.9%43.6%7.1%22.7%149.0K-7.0M-17.5K0.0040.231,5942111,8483,450
2025-08-29$1.08$1.0033.4%9.6%68.3%3.1%24.1%-12.9%41.6%182.9K-7.1M-16.7K0.2463.4530973112,3653,452