REI Options History — February 2026

In February 2026, REI traded between $1.13 and $1.40. ATM implied volatility averaged 106.3%, placing in the 41.0% IV rank vs the trailing year. The 30-day expected move averaged 29.4%. IV traded above realized volatility by 45.3% (HV 20d: 61.0%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.02.

Notable Days

2026-02-13: Highest Volume — 23,657 contracts
2026-02-18: Largest IV spike — 98.3% change
2026-02-18: Highest IV Rank — 67.7%
2026-02-18: Largest Expected Move — 44.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.28	$1.13	$1.40	$1.13	$1.40
Max Pain	$1.00	$1.00	$1.00	$1.00	$1.00
ATM IV	106.3%	51.9%	153.8%	91.5%	87.4%
Expected Move	29.4%	14.9%	44.1%	26.2%	25.0%
HV 20d	61.0%	47.9%	72.9%	48.9%	71.9%
HV 60d	47.2%	42.1%	52.3%	44.6%	52.3%
IV Rank	41.0%	10.4%	67.7%	32.7%	30.3%
IV Percentile	74.7%	10.7%	96.4%	79.4%	70.2%
Term Structure	8.2%	-27.4%	53.8%	-7.7%	-5.0%
VWIV	79.1%	37.6%	112.8%	99.2%	84.4%
Skew 25d	28.2%	-30.0%	62.9%	2.7%	-9.2%
Skew 10d	30.6%	-4.0%	76.5%	61.9%	-4.0%
Call IV 25d	69.2%	40.7%	106.5%	81.1%	77.8%
Put IV 25d	97.4%	63.7%	150.7%	83.8%	68.6%
Bid-Ask Spread %	87.54	70.34	113.90	70.71	113.90
Gamma HHI	0.49	0.30	0.62	0.32	0.54
Net GEX	57.5K	18.9K	97.5K	19.6K	97.5K
Net DEX	-4.2M	-6.2M	-2.0M	-2.0M	-6.2M
Net VEX	-20.7K	-28.8K	-10.9K	-10.9K	-28.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.02	0.00	0.09	0.03	0.00
Total Volume	3,472.895	172	23,657	939	1,220
Total OI	71,058.895	38,135	92,816	38,135	92,558

Daily Data (19 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
2026-02-02	$1.13	$1.00	91.5%	26.2%	48.9%	32.7%	99.2%	2.7%	-7.7%	19.6K	-2.0M	-10.9K	0.03	70.71	916	23	32,882	5,253
2026-02-03	$1.17	$1.00	70.5%	20.2%	49.5%	20.8%	49.6%	53.4%	53.8%	20.1K	-2.1M	-11.0K	0.03	106.17	443	15	33,319	5,268
2026-02-04	$1.21	$1.00	66.3%	19.0%	48.2%	18.5%	62.3%	47.2%	39.8%	18.9K	-2.4M	-11.9K	0.00	98.56	21,799	5	33,446	5,279
2026-02-05	$1.19	$1.00	106.7%	25.9%	48.6%	41.2%	91.4%	39.1%	-8.6%	40.1K	-3.1M	-17.2K	0.01	82.75	240	2	53,409	5,280
2026-02-06	$1.23	$1.00	65.5%	21.0%	47.9%	18.0%	70.6%	20.7%	8.8%	39.6K	-3.4M	-17.3K	0.09	72.24	911	86	53,531	5,281
2026-02-09	$1.33	$1.00	122.8%	32.0%	52.6%	50.3%	37.6%	42.9%	27.9%	48.6K	-3.9M	-17.8K	0.02	85.17	2,733	47	53,425	5,258
2026-02-10	$1.33	$1.00	128.8%	21.1%	52.9%	53.7%	37.9%	60.6%	29.0%	42.7K	-4.1M	-18.2K	0.00	88.43	1,733	1	53,704	5,282
2026-02-11	$1.33	$1.00	122.6%	35.2%	52.3%	50.2%	52.0%	62.9%	33.3%	44.1K	-3.8M	-17.8K	0.01	87.66	2,434	15	54,057	5,282
2026-02-12	$1.21	$1.00	65.8%	18.9%	64.9%	18.2%	64.8%	36.6%	30.7%	42.0K	-3.5M	-17.4K	0.05	95.23	507	25	54,447	5,297
2026-02-13	$1.27	$1.00	51.9%	14.9%	66.1%	10.4%	65.8%	32.3%	34.0%	40.1K	-3.4M	-15.3K	0.00	87.59	23,636	21	54,282	5,294
2026-02-17	$1.25	$1.00	77.6%	22.2%	66.7%	24.8%	89.8%	42.9%	1.7%	69.0K	-4.9M	-25.7K	0.01	87.71	246	3	83,703	5,288
2026-02-18	$1.33	$1.00	153.8%	44.1%	66.8%	67.7%	87.0%	43.6%	-27.4%	78.7K	-5.5M	-25.9K	0.00	92.24	831	4	83,900	5,290
2026-02-19	$1.38	$1.00	121.0%	34.7%	66.6%	49.3%	101.7%	58.1%	-24.4%	77.6K	-5.8M	-25.8K	0.00	79.27	4,026	17	84,093	5,293
2026-02-20	$1.38	$1.00	136.5%	39.1%	66.8%	58.0%	77.0%	40.9%	0.1%	93.7K	-5.9M	-27.3K	0.02	89.51	942	17	87,523	5,293
2026-02-23	$1.29	$1.00	112.0%	32.1%	72.9%	44.2%	110.1%	-30.0%	9.3%	76.4K	-5.3M	-26.3K	0.01	70.34	1,697	10	85,894	5,244
2026-02-24	$1.31	$1.00	142.8%	40.9%	70.9%	61.5%	104.5%	0.8%	-26.7%	82.3K	-5.2M	-27.2K	0.04	80.35	748	30	86,643	5,250
2026-02-25	$1.27	$1.00	148.6%	42.6%	72.3%	64.8%	112.8%	-21.9%	-11.7%	77.5K	-4.7M	-24.3K	0.01	81.53	424	6	87,122	5,260
2026-02-26	$1.33	$1.00	147.8%	42.4%	72.9%	64.3%	103.8%	12.0%	-0.7%	84.6K	-5.3M	-27.5K	0.00	93.94	172	0	87,232	5,257
2026-02-27	$1.40	$1.00	87.4%	25.0%	71.9%	30.3%	84.4%	-9.2%	-5.0%	97.5K	-6.2M	-28.8K	0.00	113.90	1,220	0	87,301	5,257