RIVN Options History — December 2023

In December 2023, RIVN traded between $17.41 and $24.32. ATM implied volatility averaged 66.6%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded below realized volatility by 0.6% (HV 20d: 67.1%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.48.

Notable Days

2023-12-14: Highest Volume — 465,432 contracts
2023-12-14: Largest IV spike — 9.4% change
2023-12-14: Highest IV Rank — 31.4%
2023-12-20: Largest Expected Move — 19.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.22	$17.41	$24.32	$18.04	$23.44
Max Pain	$18.63	$17.50	$20.00	$17.50	$20.00
ATM IV	66.6%	63.3%	69.9%	63.3%	65.7%
Expected Move	19.1%	18.2%	19.8%	19.2%	18.3%
HV 20d	67.1%	56.6%	75.5%	65.6%	68.6%
HV 60d	86.7%	83.0%	90.0%	83.1%	85.1%
IV Rank	23.6%	15.9%	31.4%	15.9%	21.6%
IV Percentile	21.1%	11.9%	31.3%	11.9%	19.4%
Term Structure	0.1%	-1.1%	1.3%	1.3%	0.8%
VWIV	67.8%	64.9%	71.4%	68.2%	65.4%
Skew 25d	-1.9%	-4.5%	1.0%	1.0%	-2.7%
Skew 10d	-2.1%	-8.4%	4.6%	4.6%	-4.0%
Call IV 25d	69.0%	63.9%	73.2%	63.9%	68.6%
Put IV 25d	67.1%	64.7%	70.7%	64.9%	65.8%
Bid-Ask Spread %	1.83	0.70	3.02	3.02	2.58
Gamma HHI	0.12	0.07	0.31	0.31	0.14
Net GEX	8.4M	2.4M	13.8M	12.9M	2.4M
Net DEX	-494.8M	-841.5M	-81.4M	-208.6M	-603.6M
Net VEX	-4.3M	-4.7M	-4.0M	-4.1M	-4.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.48	0.30	0.82	0.37	0.48
Total Volume	171,855.4	78,677	465,432	186,268	128,116
Total OI	1,695,700.4	1,552,718	1,841,959	1,754,007	1,652,501

Daily Data (20 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
2023-12-01	$18.04	$17.50	63.3%	19.2%	65.6%	15.9%	68.2%	1.0%	1.3%	12.9M	-208.6M	-4.1M	0.37	3.02	135,611	50,657	909,597	844,410
2023-12-04	$17.88	$17.50	67.2%	19.3%	65.5%	25.1%	68.8%	-0.0%	0.2%	3.4M	-139.5M	-4.1M	0.43	1.08	78,870	34,227	860,056	816,840
2023-12-05	$17.41	$17.50	66.1%	19.0%	64.6%	22.5%	67.6%	0.0%	-0.0%	2.7M	-81.4M	-4.0M	0.44	1.11	57,929	25,637	884,258	828,208
2023-12-06	$18.39	$17.50	69.1%	19.8%	67.2%	29.6%	70.5%	-0.7%	-0.3%	6.2M	-230.2M	-4.2M	0.38	1.49	257,287	98,797	898,113	833,564
2023-12-07	$19.19	$17.50	67.8%	19.4%	67.9%	26.5%	68.5%	0.5%	0.6%	8.2M	-335.3M	-4.2M	0.54	1.24	97,352	52,081	914,262	856,923
2023-12-08	$19.05	$17.50	65.5%	18.7%	56.6%	21.2%	66.3%	-0.8%	-0.1%	12.3M	-319.7M	-4.2M	0.39	1.11	131,948	51,961	927,688	862,157
2023-12-11	$18.93	$17.50	64.7%	18.6%	56.8%	19.2%	65.5%	-0.7%	-0.0%	5.3M	-240.9M	-4.1M	0.39	1.01	56,536	22,141	877,064	828,864
2023-12-12	$18.21	$17.50	64.4%	18.5%	56.7%	18.5%	65.8%	0.4%	-0.3%	3.7M	-137.6M	-4.0M	0.45	0.70	87,257	39,527	889,041	831,435
2023-12-13	$19.57	$17.50	63.9%	18.2%	60.6%	17.2%	64.9%	-0.2%	-0.6%	8.9M	-365.7M	-4.2M	0.30	0.95	121,477	36,214	908,257	840,483
2023-12-14	$22.38	$17.50	69.9%	19.7%	75.5%	31.4%	71.4%	-2.5%	-1.1%	10.1M	-785.3M	-4.4M	0.38	1.21	338,505	126,927	916,654	851,904
2023-12-15	$22.63	$17.50	66.6%	18.9%	71.9%	23.7%	68.2%	-2.7%	-1.0%	13.8M	-836.6M	-4.5M	0.44	1.33	183,910	81,139	958,693	883,266
2023-12-18	$23.84	$20.00	68.6%	19.7%	73.0%	28.4%	69.6%	-4.0%	-1.0%	10.1M	-764.4M	-4.5M	0.62	2.46	148,847	92,638	807,591	745,127
2023-12-19	$24.32	$20.00	65.6%	18.7%	72.9%	21.2%	66.4%	-4.4%	0.7%	11.8M	-841.5M	-4.6M	0.54	2.04	104,110	55,822	845,429	784,120
2023-12-20	$23.38	$20.00	69.0%	19.8%	69.5%	29.2%	70.4%	-3.8%	-0.2%	10.4M	-704.6M	-4.7M	0.47	2.59	109,082	51,297	864,456	793,954
2023-12-21	$23.51	$20.00	67.2%	19.2%	69.5%	25.1%	68.4%	-4.5%	0.4%	10.0M	-699.7M	-4.7M	0.58	2.44	58,004	33,645	868,572	806,975
2023-12-22	$23.31	$20.00	66.2%	18.9%	70.1%	22.6%	67.3%	-3.3%	0.4%	7.3M	-663.1M	-4.5M	0.82	2.57	63,533	52,119	879,283	812,217
2023-12-26	$23.73	$20.00	68.3%	19.3%	70.1%	27.7%	68.7%	-3.3%	0.2%	9.3M	-665.3M	-4.4M	0.63	2.28	89,898	56,716	815,980	758,290
2023-12-27	$23.66	$20.00	66.1%	19.0%	70.1%	22.5%	67.5%	-3.0%	0.4%	9.9M	-640.4M	-4.6M	0.53	2.56	66,428	35,028	840,689	782,135
2023-12-28	$23.59	$20.00	66.1%	18.8%	70.3%	22.4%	66.6%	-2.9%	0.8%	9.5M	-632.6M	-4.5M	0.42	2.79	88,839	36,996	846,139	788,813
2023-12-29	$23.44	$20.00	65.7%	18.3%	68.6%	21.6%	65.4%	-2.7%	0.8%	2.4M	-603.6M	-4.4M	0.48	2.58	86,369	41,747	857,460	795,041