REI Options History — March 2026

In March 2026, REI traded between $1.44 and $1.60. ATM implied volatility averaged 137.4%, placing in the 38.4% IV rank vs the trailing year. The 30-day expected move averaged 28.7%. IV traded above realized volatility by 74.3% (HV 20d: 63.2%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.03.

Notable Days

  • 2026-03-18: Highest Volume — 21,259 contracts
  • 2026-03-19: Largest IV spike — 1184.7% change
  • 2026-03-17: Highest IV Rank — 100.0%
  • 2026-03-27: Largest Expected Move — 122.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.51$1.44$1.60$1.50$1.52
Max Pain$1.00$1.00$1.00$1.00$1.00
ATM IV137.4%30.4%495.1%84.3%49.7%
Expected Move28.7%12.8%122.3%24.2%14.2%
HV 20d63.2%47.5%74.5%74.5%48.9%
HV 60d55.4%53.2%57.6%53.2%57.6%
IV Rank38.4%0.0%100.0%28.6%4.1%
IV Percentile57.1%0.0%100.0%66.3%7.1%
Term Structure5.1%-40.9%126.5%-3.0%23.5%
VWIV87.8%64.4%123.1%84.3%87.3%
Skew 25d19.2%-9.3%72.5%18.9%-6.3%
Skew 10d19.7%-7.7%100.1%30.4%21.0%
Call IV 25d71.5%56.2%104.8%72.6%75.0%
Put IV 25d90.7%59.3%154.4%91.4%68.7%
Bid-Ask Spread %66.4345.65113.9058.0957.60
Gamma HHI0.540.450.780.550.46
Net GEX130.6K87.7K302.8K116.5K100.8K
Net DEX-7.4M-8.5M-5.9M-7.8M-7.0M
Net VEX-31.7K-35.0K-27.6K-30.9K-34.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.030.000.120.000.02
Total Volume3,206.95552621,2596,8441,381
Total OI99,002.36489,580108,42794,25493,917

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$1.50$1.0084.3%24.2%74.5%28.6%84.3%18.9%-3.0%116.5K-7.8M-30.9K0.0058.096,842288,9975,257
2026-03-03$1.44$1.00178.0%51.0%73.3%81.3%119.5%62.1%-22.5%89.2K-7.3M-30.1K0.0195.794,5262692,2545,259
2026-03-04$1.50$1.00100.2%28.7%73.6%37.6%100.5%19.5%-4.8%109.2K-7.4M-30.3K0.0152.382,9562193,0355,265
2026-03-05$1.54$1.0079.8%39.2%73.4%26.1%99.4%58.9%25.7%135.0K-8.0M-30.5K0.02102.352,9396894,5465,270
2026-03-06$1.54$1.0094.3%32.9%72.8%34.3%123.1%15.6%8.3%113.6K-8.5M-31.4K0.02113.901,7733795,6015,316
2026-03-09$1.50$1.0084.2%27.6%73.6%28.6%97.6%-9.3%14.6%116.9K-8.1M-30.7K0.0092.843,309996,6355,344
2026-03-10$1.44$1.0095.9%16.9%71.1%35.2%64.4%6.9%4.7%120.7K-6.8M-30.1K0.0098.851,471797,6895,310
2026-03-11$1.44$1.0086.1%24.7%71.1%29.7%76.4%9.6%-7.6%126.7K-6.7M-29.2K0.0891.294864098,1125,315
2026-03-12$1.50$1.0073.2%12.8%72.2%22.4%95.2%5.1%2.4%144.7K-7.6M-30.0K0.0046.131,767198,2615,340
2026-03-13$1.50$1.0087.9%26.9%61.8%30.7%87.9%24.4%15.5%154.6K-7.1M-29.6K0.0156.032,1761198,9995,341
2026-03-16$1.46$1.00163.0%23.3%61.5%72.9%81.8%-1.3%11.4%176.5K-7.2M-29.4K0.1053.471,291123100,7895,347
2026-03-17$1.46$1.00495.1%20.7%61.0%100.0%73.2%14.6%23.2%108.9K-7.2M-27.6K0.1246.12974117100,5055,466
2026-03-18$1.52$1.0037.3%18.7%58.9%2.2%65.4%31.8%4.1%302.8K-8.3M-30.7K0.0048.4021,21544100,8945,569
2026-03-19$1.52$1.00479.2%23.3%57.8%100.0%90.3%35.6%126.5%169.7K-8.2M-34.5K0.0160.843,60831102,8195,608
2026-03-20$1.50$1.00167.7%30.0%58.2%75.5%104.8%8.3%-40.9%188.1K-7.5M-33.6K0.0045.653,57417101,4555,588
2026-03-23$1.44$1.0030.4%18.8%54.5%0.0%65.6%3.8%-3.3%87.7K-5.9M-31.8K0.0070.321,073486,8493,137
2026-03-24$1.54$1.0051.7%22.6%58.6%10.3%79.8%72.5%-24.3%100.6K-6.8M-33.8K0.0155.641,6681886,4403,140
2026-03-25$1.56$1.0047.0%21.5%56.8%7.6%75.7%-1.3%8.3%104.2K-7.1M-34.4K0.1158.711,09612186,8553,158
2026-03-26$1.58$1.0054.9%15.7%55.2%12.1%86.1%0.9%-18.7%98.0K-7.4M-34.8K0.0046.281,892786,7433,263
2026-03-27$1.58$1.00426.7%122.3%52.9%100.0%87.8%24.7%-20.0%103.2K-7.4M-34.9K0.0060.891,057588,2253,267
2026-03-30$1.60$1.0056.5%16.2%47.5%5.9%86.1%27.2%-10.2%106.0K-7.6M-35.0K0.0249.832,7185288,6053,267
2026-03-31$1.52$1.0049.7%14.2%48.9%4.1%87.3%-6.3%23.5%100.8K-7.0M-34.2K0.0257.601,3483390,6313,286