RIVN Options History — May 2025

In May 2025, RIVN traded between $12.58 and $16.95. ATM implied volatility averaged 60.2%, placing in the 10.0% IV rank vs the trailing year. The 30-day expected move averaged 17.4%. IV traded above realized volatility by 0.7% (HV 20d: 59.5%). Max pain ranged from $12.00 to $14.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.63.

Notable Days

2025-05-20: Highest Volume — 376,837 contracts
2025-05-07: Largest IV drop — 17.6% change
2025-05-05: Highest IV Rank — 32.9%
2025-05-01: Largest Expected Move — 24.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.86	$12.58	$16.95	$13.84	$14.54
Max Pain	$12.88	$12.00	$14.00	$12.00	$14.00
ATM IV	60.2%	54.2%	73.3%	73.0%	57.6%
Expected Move	17.4%	15.2%	24.8%	24.8%	16.1%
HV 20d	59.5%	51.7%	70.2%	70.2%	58.5%
HV 60d	66.8%	65.0%	69.8%	66.9%	65.9%
IV Rank	10.0%	0.0%	32.9%	32.3%	6.8%
IV Percentile	10.0%	0.0%	47.6%	46.4%	3.6%
Term Structure	0.1%	-7.5%	18.6%	-2.8%	2.2%
VWIV	62.1%	53.8%	88.2%	88.2%	57.6%
Skew 25d	1.5%	-2.6%	22.6%	3.6%	1.2%
Skew 10d	4.8%	-2.5%	26.3%	7.0%	1.1%
Call IV 25d	60.4%	49.7%	72.5%	72.5%	57.9%
Put IV 25d	61.9%	55.2%	76.2%	76.2%	59.1%
Bid-Ask Spread %	12.73	2.29	34.03	28.40	22.22
Gamma HHI	0.09	0.07	0.12	0.08	0.07
Net GEX	8.7M	2.2M	12.9M	7.5M	3.6M
Net DEX	-491.4M	-872.3M	-72.6M	-369.3M	-312.9M
Net VEX	-6.0M	-6.6M	-5.1M	-5.7M	-6.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.63	0.34	1.33	0.64	0.63
Total Volume	170,381.952	73,587	376,837	134,006	84,089
Total OI	2,585,079.857	2,409,909	2,703,283	2,443,134	2,703,283

Daily Data (21 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
2025-05-01	$13.84	$12.00	73.0%	24.8%	70.2%	32.3%	88.2%	3.6%	-2.8%	7.5M	-369.3M	-5.7M	0.64	28.40	81,812	52,194	1,192,702	1,250,432
2025-05-02	$13.77	$12.00	70.2%	24.2%	63.4%	26.6%	86.3%	3.5%	-2.0%	5.4M	-342.4M	-5.6M	0.50	27.40	70,266	35,129	1,208,160	1,265,475
2025-05-05	$13.57	$12.50	73.3%	19.5%	63.3%	32.9%	68.2%	3.2%	-3.6%	5.2M	-287.7M	-5.5M	0.55	6.55	63,373	35,069	1,179,263	1,230,646
2025-05-06	$13.43	$12.50	71.6%	18.7%	62.8%	29.4%	67.0%	22.6%	-7.5%	5.8M	-269.8M	-5.5M	1.12	2.56	81,891	91,652	1,216,886	1,236,433
2025-05-07	$12.58	$12.50	59.0%	16.9%	65.8%	3.6%	58.4%	3.7%	0.1%	2.2M	-72.6M	-5.1M	0.60	34.03	144,844	86,320	1,255,549	1,279,562
2025-05-08	$13.82	$12.50	58.4%	16.5%	64.4%	2.4%	58.8%	1.6%	0.6%	8.7M	-349.7M	-5.5M	0.73	13.24	157,948	116,059	1,257,886	1,287,438
2025-05-09	$14.39	$12.50	58.7%	17.0%	62.3%	3.1%	59.6%	1.6%	0.1%	12.2M	-487.4M	-5.8M	0.60	21.56	208,172	125,151	1,295,756	1,325,222
2025-05-12	$14.54	$12.50	55.2%	15.6%	62.3%	0.0%	55.1%	0.1%	-0.9%	9.6M	-448.4M	-5.7M	0.45	2.42	97,112	43,933	1,230,166	1,308,140
2025-05-13	$14.91	$12.50	54.2%	15.2%	60.0%	0.0%	53.8%	-0.4%	-1.4%	11.6M	-531.9M	-5.8M	0.36	2.29	115,026	40,849	1,250,744	1,321,991
2025-05-14	$14.80	$12.50	56.4%	15.9%	59.1%	4.4%	58.2%	-0.7%	-1.5%	10.7M	-507.4M	-5.8M	0.50	2.77	85,389	42,716	1,265,505	1,340,778
2025-05-15	$15.25	$12.50	56.5%	16.0%	56.2%	4.7%	57.8%	-1.4%	-1.0%	12.9M	-617.0M	-5.9M	0.39	2.44	178,238	69,555	1,286,753	1,347,380
2025-05-16	$15.79	$12.50	55.5%	15.7%	56.7%	2.6%	57.2%	-2.6%	-1.1%	10.4M	-745.4M	-6.2M	0.48	17.23	150,366	71,682	1,313,417	1,367,546
2025-05-19	$16.21	$12.50	57.8%	16.5%	51.7%	7.2%	59.0%	-1.4%	-0.0%	11.6M	-717.4M	-6.2M	0.53	9.49	129,199	68,120	1,221,725	1,289,480
2025-05-20	$16.95	$12.50	58.7%	16.8%	52.1%	9.1%	60.8%	-1.7%	-0.3%	12.9M	-872.3M	-6.5M	0.34	12.19	280,480	96,357	1,241,593	1,326,608
2025-05-21	$16.26	$12.50	59.7%	17.1%	55.8%	11.0%	60.9%	-0.0%	2.3%	10.8M	-723.9M	-6.6M	0.64	10.33	100,253	64,512	1,309,736	1,372,289
2025-05-22	$15.96	$14.00	56.1%	16.1%	57.1%	3.9%	59.8%	-2.1%	0.3%	10.8M	-646.0M	-6.5M	0.94	23.68	60,201	56,627	1,309,205	1,383,700
2025-05-23	$15.64	$14.00	58.0%	16.7%	58.0%	7.6%	59.9%	-1.0%	-1.3%	8.4M	-569.9M	-6.4M	0.74	13.83	49,659	36,508	1,318,810	1,379,464
2025-05-27	$15.30	$14.00	57.1%	16.7%	56.1%	5.9%	59.8%	0.3%	18.6%	7.2M	-482.4M	-6.3M	0.38	7.54	77,968	29,805	1,258,052	1,355,624
2025-05-28	$15.50	$14.00	59.3%	16.7%	56.1%	10.2%	59.3%	-0.1%	-1.1%	9.1M	-538.6M	-6.3M	0.82	3.78	40,538	33,049	1,279,226	1,361,652
2025-05-29	$15.07	$14.00	57.4%	16.0%	56.7%	6.5%	57.4%	0.8%	2.5%	6.7M	-426.5M	-6.2M	1.33	3.28	53,938	71,972	1,284,621	1,377,779
2025-05-30	$14.54	$14.00	57.6%	16.1%	58.5%	6.8%	57.6%	1.2%	2.2%	3.6M	-312.9M	-6.2M	0.63	22.22	51,448	32,641	1,297,678	1,405,605