RIVN Options History — May 2023

In May 2023, RIVN traded between $12.61 and $15.18. ATM implied volatility averaged 76.1%, placing in the 19.4% IV rank vs the trailing year. The 30-day expected move averaged 22.6%. IV traded above realized volatility by 31.1% (HV 20d: 45.0%). Max pain ranged from $13.50 to $15.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.66.

Notable Days

  • 2023-05-10: Highest Volume — 279,474 contracts
  • 2023-05-10: Largest IV drop — 27.2% change
  • 2023-05-09: Highest IV Rank — 40.3%
  • 2023-05-03: Largest Expected Move — 31.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.73$12.61$15.18$12.61$14.45
Max Pain$14.80$13.50$15.00$13.50$15.00
ATM IV76.1%66.6%94.5%86.8%70.5%
Expected Move22.6%19.6%31.6%28.7%21.6%
HV 20d45.0%41.6%48.0%44.1%46.0%
HV 60d74.8%60.3%78.7%78.5%60.5%
IV Rank19.4%6.1%40.3%30.0%18.1%
IV Percentile31.3%2.0%90.5%69.4%13.9%
Term Structure-1.7%-4.6%1.3%-1.0%-0.9%
VWIV79.1%66.0%110.6%98.7%77.7%
Skew 25d5.3%1.7%9.0%9.0%3.2%
Skew 10d10.1%2.4%16.6%16.6%5.3%
Call IV 25d74.9%65.1%92.8%82.6%70.3%
Put IV 25d80.3%69.4%99.9%91.6%73.6%
Bid-Ask Spread %2.601.228.253.182.97
Gamma HHI0.120.060.360.090.07
Net GEX1.2M-2.4M4.6M117.2K1.6M
Net DEX-19.2M-130.4M75.8M35.0M-49.5M
Net VEX-2.2M-2.4M-2.1M-2.1M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.331.110.840.66
Total Volume79,053.59118,036279,47440,52960,461
Total OI1,070,052.273980,1201,189,154980,1201,071,643

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$12.61$13.5086.8%28.7%44.1%30.0%98.7%9.0%-1.0%117.2K35.0M-2.1M0.843.1821,99318,536571,776408,344
2023-05-02$12.63$13.5092.9%30.3%44.2%38.2%105.1%7.4%-2.9%218.8K32.0M-2.1M0.662.4330,66920,188582,874420,426
2023-05-03$12.82$13.5090.1%31.6%44.7%34.5%110.6%7.1%-2.6%557.5K20.1M-2.1M0.683.8032,92322,503593,318429,245
2023-05-04$12.98$15.0093.8%26.3%43.4%39.4%91.3%7.1%-3.9%973.8K7.3M-2.2M0.732.0027,48920,106603,911441,732
2023-05-05$13.48$15.0091.8%25.8%46.0%36.7%87.6%5.4%-3.4%3.9M-30.7M-2.3M0.391.5359,14523,193612,645450,452
2023-05-08$13.86$15.0092.5%25.4%46.7%37.7%89.4%6.5%-2.6%532.6K-32.2M-2.3M0.691.2244,39030,558599,087431,631
2023-05-09$13.96$15.0094.5%25.7%46.8%40.3%93.0%5.9%-4.0%886.4K-48.9M-2.3M1.111.5389,52699,173622,448449,234
2023-05-10$14.11$15.0068.8%19.7%45.9%6.1%70.0%4.2%-0.3%2.0M-54.2M-2.3M0.771.74158,210121,264652,876499,356
2023-05-11$13.84$15.0069.5%19.9%46.3%7.1%70.3%4.4%0.1%784.9K-17.9M-2.3M0.561.9254,76930,676668,247513,182
2023-05-12$12.91$15.0069.0%20.0%46.5%6.4%69.9%7.0%1.0%-2.4M75.8M-2.1M0.641.2759,60837,981673,140516,014
2023-05-15$13.39$15.0068.5%19.8%47.9%7.9%68.4%4.7%-2.7%-626.5K22.5M-2.1M0.541.4745,11024,242608,982457,673
2023-05-16$13.09$15.0069.6%20.1%48.0%15.1%69.5%7.3%-2.6%-801.5K36.9M-2.1M0.731.4022,02916,019625,478461,650
2023-05-17$13.39$15.0068.2%19.6%45.8%11.3%66.0%6.0%-3.1%138.9K8.0M-2.1M0.731.6625,96418,914632,617465,752
2023-05-18$13.43$15.0068.5%19.9%42.8%12.2%67.8%5.5%-4.6%586.6K6.7M-2.1M0.632.0025,70416,297634,949468,813
2023-05-19$13.46$15.0068.8%20.1%42.7%13.0%68.8%3.6%-4.0%4.6M802.8K-2.1M0.331.4384,50227,669643,724474,144
2023-05-22$14.25$15.0066.6%19.6%46.5%6.9%68.8%4.4%1.3%1.3M-41.3M-2.2M0.375.5446,60017,467586,337407,393
2023-05-23$14.25$15.0066.9%20.0%44.3%7.6%69.6%4.2%0.4%2.1M-50.8M-2.2M0.823.2714,99512,254607,444416,848
2023-05-24$14.36$15.0068.2%20.5%44.3%11.4%71.4%4.5%-0.7%2.3M-54.7M-2.3M0.498.2512,0745,962617,015431,827
2023-05-25$14.59$15.0068.8%20.8%41.6%13.3%72.8%4.2%0.0%2.8M-73.4M-2.3M1.012.8030,81831,259620,656436,895
2023-05-26$15.18$15.0069.1%20.8%43.2%13.9%73.4%1.7%0.5%3.5M-130.4M-2.4M0.352.85101,14335,166626,676449,121
2023-05-30$14.96$15.0071.0%22.1%43.4%19.4%81.1%4.2%-1.2%2.0M-84.6M-2.4M0.862.9933,19928,431621,059434,516
2023-05-31$14.45$15.0070.5%21.6%46.0%18.1%77.7%3.2%-0.9%1.6M-49.5M-2.3M0.662.9736,37524,086630,155441,488