RIVN Options History — March 2023

In March 2023, RIVN traded between $12.91 and $17.18. ATM implied volatility averaged 78.2%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 22.4%. IV traded below realized volatility by 27.3% (HV 20d: 105.5%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 0.68.

Notable Days

2023-03-01: Highest Volume — 373,595 contracts
2023-03-13: Largest IV spike — 8.5% change
2023-03-13: Highest IV Rank — 30.1%
2023-03-13: Largest Expected Move — 25.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.27	$12.91	$17.18	$15.61	$15.45
Max Pain	$17.61	$15.00	$20.00	$20.00	$15.00
ATM IV	78.2%	71.7%	87.5%	79.6%	73.1%
Expected Move	22.4%	20.7%	25.4%	23.6%	20.8%
HV 20d	105.5%	83.4%	114.1%	99.0%	83.4%
HV 60d	87.4%	82.6%	89.5%	82.6%	89.5%
IV Rank	18.3%	10.0%	30.1%	19.4%	11.8%
IV Percentile	30.2%	11.5%	59.5%	30.6%	17.1%
Term Structure	0.5%	-2.8%	3.0%	1.2%	2.8%
VWIV	79.4%	72.8%	86.1%	84.1%	73.6%
Skew 25d	5.5%	2.7%	8.6%	3.6%	2.7%
Skew 10d	11.0%	5.6%	18.1%	7.7%	7.1%
Call IV 25d	76.9%	71.8%	83.3%	79.5%	72.5%
Put IV 25d	82.4%	75.1%	91.9%	83.1%	75.2%
Bid-Ask Spread %	4.22	2.13	12.50	3.71	11.09
Gamma HHI	0.11	0.06	0.30	0.08	0.10
Net GEX	-123.2K	-3.8M	4.2M	-2.8M	3.3M
Net DEX	52.1M	-119.2M	138.6M	136.7M	-119.2M
Net VEX	-2.0M	-2.5M	-1.5M	-1.5M	-2.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.68	0.44	1.22	0.71	0.49
Total Volume	119,079.087	42,974	373,595	373,595	118,345
Total OI	1,059,586.87	909,357	1,243,627	977,038	1,043,337

Daily Data (23 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
2023-03-01	$15.61	$20.00	79.6%	23.6%	99.0%	19.4%	84.1%	3.6%	1.2%	-2.8M	136.7M	-1.5M	0.71	3.71	218,540	155,055	632,854	344,184
2023-03-02	$15.73	$20.00	78.8%	22.3%	97.9%	18.4%	80.1%	2.8%	-0.4%	-627.3K	85.5M	-1.8M	0.44	3.16	97,428	42,532	707,569	369,888
2023-03-03	$16.91	$20.00	75.5%	21.9%	100.8%	14.3%	77.6%	3.6%	0.6%	4.2M	-9.8M	-2.0M	0.48	3.29	174,570	83,903	717,040	377,801
2023-03-06	$17.18	$20.00	75.4%	21.3%	100.4%	14.1%	75.0%	3.7%	-1.4%	1.4M	-40.9M	-2.1M	0.48	4.37	64,428	30,928	632,450	332,168
2023-03-07	$14.70	$20.00	78.1%	21.7%	112.8%	17.5%	76.2%	4.8%	-1.1%	-2.2M	121.9M	-1.7M	0.96	2.89	158,082	151,364	656,833	345,880
2023-03-08	$15.20	$17.50	75.3%	21.0%	114.1%	14.0%	73.4%	4.4%	-1.1%	-396.0K	58.2M	-2.1M	1.22	3.64	89,398	108,781	737,425	411,657
2023-03-09	$14.50	$17.50	78.5%	21.9%	114.1%	18.2%	77.4%	4.1%	-2.0%	-1.6M	103.4M	-2.2M	0.69	3.23	61,105	42,026	763,894	456,832
2023-03-10	$14.11	$17.50	80.6%	22.6%	114.0%	21.2%	82.2%	5.8%	-1.6%	-2.9M	133.1M	-2.2M	0.59	3.48	63,069	37,274	776,005	467,622
2023-03-13	$13.73	$17.50	87.5%	25.4%	113.9%	30.1%	86.0%	8.6%	1.8%	-1.6M	116.2M	-2.1M	0.73	2.20	53,288	39,043	725,919	432,656
2023-03-14	$13.14	$17.50	84.8%	24.5%	114.0%	27.5%	85.3%	7.0%	0.6%	-3.3M	138.6M	-1.9M	0.78	2.13	53,382	41,505	737,117	436,741
2023-03-15	$13.04	$17.50	84.7%	24.4%	112.6%	27.3%	84.2%	8.0%	-0.2%	-3.8M	135.2M	-2.0M	1.04	3.06	44,664	46,345	754,450	450,446
2023-03-16	$13.39	$17.50	80.4%	23.7%	108.6%	21.6%	82.0%	8.2%	3.0%	-2.4M	94.9M	-2.0M	0.54	12.50	41,430	22,275	770,109	448,127
2023-03-17	$13.09	$17.50	83.1%	24.3%	108.5%	25.2%	82.4%	8.0%	2.4%	-286.1K	108.3M	-2.0M	0.77	2.69	42,143	32,512	775,111	450,783
2023-03-20	$12.91	$17.50	80.1%	23.0%	108.5%	21.2%	82.4%	7.4%	0.7%	167.5K	60.0M	-1.9M	0.59	4.42	40,352	23,914	562,762	346,595
2023-03-21	$13.64	$17.50	75.6%	21.6%	111.5%	15.2%	77.8%	7.0%	0.1%	954.0K	19.8M	-2.1M	0.60	3.60	43,112	26,023	578,248	358,804
2023-03-22	$13.45	$17.50	75.7%	21.7%	111.5%	15.3%	76.8%	4.7%	-0.3%	1.0M	27.1M	-2.0M	0.54	6.69	44,977	24,381	589,881	360,645
2023-03-23	$13.73	$17.50	79.9%	23.0%	111.9%	20.9%	86.1%	6.7%	-2.8%	1.5M	8.2M	-2.1M	0.64	3.45	34,185	21,843	597,537	371,927
2023-03-24	$13.61	$17.00	77.7%	22.4%	110.7%	17.9%	80.2%	5.8%	-1.4%	1.4M	18.9M	-2.1M	0.48	2.74	37,583	17,985	605,734	382,015
2023-03-27	$13.43	$16.50	74.9%	21.7%	106.4%	14.2%	78.1%	7.1%	2.8%	507.9K	30.3M	-2.0M	0.58	3.34	27,158	15,816	573,223	363,965
2023-03-28	$12.96	$16.50	75.2%	21.6%	104.0%	14.6%	77.5%	5.8%	1.7%	86.9K	51.3M	-2.0M	0.60	2.77	33,460	20,083	582,921	368,963
2023-03-29	$14.34	$15.00	71.7%	20.9%	83.9%	10.0%	74.4%	3.3%	2.3%	1.9M	-33.3M	-2.2M	0.51	3.91	76,485	38,831	595,287	380,229
2023-03-30	$14.43	$15.00	72.5%	20.7%	83.9%	11.0%	72.8%	4.1%	2.9%	2.6M	-45.8M	-2.3M	1.19	4.70	45,384	53,832	610,977	385,887
2023-03-31	$15.45	$15.00	73.1%	20.8%	83.4%	11.8%	73.6%	2.7%	2.8%	3.3M	-119.2M	-2.5M	0.49	11.09	79,166	39,179	625,690	417,647