REI Options History — October 2025

In October 2025, REI traded between $0.92 and $1.13. ATM implied volatility averaged 79.1%, placing in the 26.5% IV rank vs the trailing year. The 30-day expected move averaged 19.4%. IV traded above realized volatility by 16.4% (HV 20d: 62.7%). Max pain ranged from $0.50 to $1.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.04.

Notable Days

  • 2025-10-21: Highest Volume — 61,126 contracts
  • 2025-10-21: Largest IV spike — 292.9% change
  • 2025-10-21: Highest IV Rank — 100.0%
  • 2025-10-21: Largest Expected Move — 60.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.02$0.92$1.13$1.08$0.96
Max Pain$0.59$0.50$1.00$1.00$0.50
ATM IV79.1%47.8%211.2%68.4%87.1%
Expected Move19.4%13.0%60.6%19.6%25.0%
HV 20d62.7%48.2%76.2%48.2%70.9%
HV 60d65.4%60.7%68.9%62.0%67.6%
IV Rank26.5%8.1%100.0%20.7%30.2%
IV Percentile51.3%6.0%100.0%51.2%75.4%
Term Structure-0.6%-32.8%57.0%-23.7%-20.9%
VWIV69.0%43.2%92.0%88.0%88.3%
Skew 25d20.4%-22.6%196.1%-8.5%27.4%
Skew 10d27.0%-115.4%326.8%-38.9%44.6%
Call IV 25d67.0%50.1%93.5%53.3%93.5%
Put IV 25d87.4%34.9%267.8%44.9%120.9%
Bid-Ask Spread %91.7537.57134.0478.7273.55
Gamma HHI0.580.450.740.580.74
Net GEX108.6K77.4K125.0K111.0K123.3K
Net DEX-5.1M-7.1M-3.1M-5.7M-4.8M
Net VEX-21.5K-25.6K-17.2K-22.6K-20.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.040.000.110.010.06
Total Volume5,499.43546061,126460473
Total OI143,261.087134,198151,285134,198151,285

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-10-01$1.08$1.0068.4%19.6%48.2%20.7%88.0%-8.5%-23.7%111.0K-5.7M-22.6K0.0178.724573120,12414,074
2025-10-02$1.06$1.0058.2%16.7%48.5%14.7%70.2%-22.6%-12.1%114.5K-5.6M-22.5K0.0837.5754142120,39414,072
2025-10-03$1.10$1.0055.6%16.0%50.0%13.2%0.0%-4.9%19.7%118.7K-6.5M-23.2K0.0484.411,47255120,53314,064
2025-10-06$1.13$0.5076.9%13.6%50.2%25.8%60.1%-15.1%-14.5%121.3K-7.1M-22.9K0.0092.7938,332129120,25314,112
2025-10-07$1.13$0.5080.7%16.4%50.2%28.0%60.8%2.9%-14.6%115.6K-6.1M-23.7K0.0178.664,55037124,46914,233
2025-10-08$1.13$0.5085.0%16.6%49.5%30.6%61.6%2.9%16.3%108.2K-6.5M-25.6K0.0678.971,17966126,98214,260
2025-10-09$1.13$0.5090.2%16.8%49.5%33.6%62.4%2.9%-15.4%117.7K-6.5M-24.7K0.0577.491,20563127,57314,316
2025-10-10$1.02$0.50106.8%15.0%60.9%43.5%63.8%-21.4%-0.8%102.8K-4.7M-22.2K0.00125.411,2441127,86114,377
2025-10-13$1.06$0.5082.4%19.2%60.9%29.0%83.9%5.4%-6.2%103.0K-5.3M-23.0K0.01128.647228127,99014,378
2025-10-14$1.02$0.50128.6%13.0%60.9%56.4%47.8%-14.7%17.9%104.3K-4.5M-21.1K0.00132.571,6581128,35614,379
2025-10-15$1.04$0.5052.0%14.9%61.3%11.0%57.3%10.5%15.1%105.3K-4.7M-21.5K0.0583.2292846128,19414,377
2025-10-16$0.94$0.5063.7%18.3%70.7%18.0%67.8%196.1%-15.8%95.8K-3.1M-17.2K0.07130.401,12774128,43314,386
2025-10-17$0.92$1.0068.7%19.7%69.9%20.9%92.0%11.7%-32.8%82.8K-3.2M-17.8K0.08113.701,10889128,65114,347
2025-10-20$0.93$0.5053.8%15.4%69.5%12.1%60.0%27.4%-3.8%90.7K-3.1M-17.9K0.0056.767101126,90014,252
2025-10-21$0.95$0.50211.2%60.6%69.6%100.0%0.0%184.1%57.0%77.4K-3.7M-19.9K0.0081.4160,995131127,07314,253
2025-10-22$0.94$0.5055.6%15.9%65.9%12.5%57.2%-4.6%6.3%117.2K-4.3M-20.7K0.03134.041,58743133,08814,358
2025-10-23$1.04$0.5047.8%13.7%76.2%8.1%43.2%14.7%23.3%125.0K-5.8M-22.2K0.0272.621,55526133,05514,359
2025-10-24$1.02$0.5053.0%15.2%72.4%11.0%56.2%17.3%15.1%119.1K-5.9M-23.2K0.0391.922,17170134,23014,367
2025-10-27$1.00$0.5071.8%20.6%72.2%21.6%85.4%3.8%-20.8%113.7K-5.3M-20.5K0.02116.3661910136,04914,369
2025-10-28$0.98$0.5073.6%21.1%71.5%22.6%73.6%27.5%15.5%106.8K-4.9M-20.6K0.1160.7057161136,38014,374
2025-10-29$0.97$0.5066.4%19.0%71.5%18.5%86.7%5.9%4.5%104.2K-5.1M-20.7K0.07100.701,10272136,49014,414
2025-10-30$0.94$0.5081.5%23.4%72.0%27.0%82.4%20.8%-22.2%120.1K-4.9M-19.5K0.0379.671,11538136,14414,377
2025-10-31$0.96$0.5087.1%25.0%70.9%30.2%88.3%27.4%-20.9%123.3K-4.8M-20.1K0.0673.5544825136,89414,391