REI Options History — April 2026

In April 2026, REI traded between $1.25 and $1.58. ATM implied volatility averaged 77.4%, placing in the 11.8% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded above realized volatility by 10.1% (HV 20d: 67.3%). Max pain ranged from $1.00 to $1.50. Net GEX was positive for 14 of 14 trading days. Term structure was in contango for 10 of 14 days. Put/call ratio averaged 0.17.

Notable Days

  • 2026-04-21: Highest Volume — 2,365 contracts
  • 2026-04-20: Largest IV spike — 211.8% change
  • 2026-04-20: Highest IV Rank — 54.3%
  • 2026-04-14: Largest Expected Move — 30.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.39$1.25$1.58$1.42$1.42
Max Pain$1.46$1.00$1.50$1.00$1.50
ATM IV77.4%28.9%245.1%39.0%136.0%
Expected Move16.3%8.3%30.5%11.2%20.9%
HV 20d67.3%52.8%81.1%52.8%81.1%
HV 60d64.7%59.6%69.6%59.7%69.6%
IV Rank11.8%0.0%54.3%1.4%26.9%
IV Percentile34.6%0.0%99.6%1.2%92.9%
Term Structure26.9%-77.1%202.6%0.2%-39.0%
VWIV84.6%63.1%119.5%87.9%72.9%
Skew 25d98.5%-44.4%298.0%7.1%28.4%
Skew 10d120.3%-16.1%327.4%11.8%35.6%
Call IV 25d74.3%45.8%105.9%85.9%70.5%
Put IV 25d172.8%61.5%380.9%93.0%98.9%
Bid-Ask Spread %79.6858.69115.0358.6967.09
Gamma HHI0.450.440.470.460.47
Net GEX91.5K68.1K110.2K97.7K98.1K
Net DEX-5.3M-7.5M-3.6M-5.9M-4.8M
Net VEX-29.4K-34.5K-24.8K-31.2K-27.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.000.950.950.00
Total Volume1,139.9293892,3651,1532,365
Total OI95,658.71490,09297,72394,21490,566

Daily Data (14 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-04-01$1.42$1.0039.0%11.2%52.8%1.4%87.9%7.1%0.2%97.7K-5.9M-31.2K0.9558.6959256190,8973,317
2026-04-02$1.48$1.5059.3%17.0%54.2%6.6%64.7%233.0%20.4%96.7K-6.5M-33.5K0.04100.818243391,1753,871
2026-04-06$1.54$1.5057.5%16.5%56.1%6.1%76.4%237.4%30.2%102.0K-7.3M-34.0K0.2969.7350314591,3533,869
2026-04-07$1.58$1.5047.6%13.6%55.9%3.6%64.5%226.7%40.1%110.2K-7.5M-34.5K0.6663.4685456591,4973,857
2026-04-08$1.40$1.50146.6%18.1%69.7%28.8%63.1%298.0%29.7%93.7K-5.4M-31.1K0.15115.031,91128292,4193,958
2026-04-09$1.38$1.5028.9%8.3%69.9%0.0%68.8%33.7%57.4%93.3K-5.2M-29.6K0.0277.051,0431793,1074,034
2026-04-10$1.35$1.5030.7%8.8%68.3%0.5%76.8%1.4%52.1%89.6K-4.8M-29.0K0.0182.62585393,4064,044
2026-04-13$1.38$1.5039.5%11.3%69.0%2.7%88.4%3.6%63.8%93.8K-5.3M-29.6K0.1281.623464393,4484,047
2026-04-14$1.29$1.50106.3%30.5%72.2%19.5%119.5%75.1%-3.7%68.1K-4.5M-27.1K0.0375.244041193,5754,065
2026-04-15$1.31$1.5035.4%10.1%72.5%1.6%93.4%296.3%1.6%89.6K-4.3M-26.7K0.0279.104761093,6554,068
2026-04-16$1.33$1.5032.8%9.4%71.0%1.0%97.3%-11.0%-2.1%81.7K-4.4M-26.9K0.0176.751,003793,8413,573
2026-04-17$1.25$1.5078.6%22.5%73.6%12.5%102.3%-44.4%202.6%76.8K-3.6M-24.8K0.0480.641,8387193,9233,565
2026-04-20$1.31$1.50245.1%29.4%76.2%54.3%108.1%-5.9%-77.1%90.0K-4.1M-25.9K0.0087.721,465286,6833,409
2026-04-21$1.42$1.50136.0%20.9%81.1%26.9%72.9%28.4%-39.0%98.1K-4.8M-27.6K0.0067.092,364187,1583,408