RIVN Options History — September 2025

In September 2025, RIVN traded between $13.48 and $15.84. ATM implied volatility averaged 61.1%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 17.6%. IV traded above realized volatility by 11.9% (HV 20d: 49.2%). Max pain ranged from $12.50 to $14.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.44.

Notable Days

2025-09-22: Highest Volume — 289,810 contracts
2025-09-03: Largest IV spike — 6.1% change
2025-09-22: Highest IV Rank — 34.1%
2025-09-25: Largest Expected Move — 19.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.55	$13.48	$15.84	$13.89	$14.77
Max Pain	$13.24	$12.50	$14.00	$12.50	$14.00
ATM IV	61.1%	53.2%	66.3%	53.2%	63.0%
Expected Move	17.6%	15.0%	19.2%	15.0%	18.8%
HV 20d	49.2%	39.4%	54.8%	39.4%	54.8%
HV 60d	45.6%	41.9%	48.2%	41.9%	46.8%
IV Rank	24.9%	11.2%	34.1%	11.2%	28.3%
IV Percentile	26.9%	9.1%	40.9%	9.1%	31.0%
Term Structure	0.3%	-3.1%	9.2%	0.4%	9.2%
VWIV	62.8%	53.0%	70.0%	53.0%	66.9%
Skew 25d	-2.3%	-6.9%	0.0%	-0.2%	-2.1%
Skew 10d	0.5%	-34.9%	28.9%	25.4%	-34.9%
Call IV 25d	64.7%	55.8%	72.4%	55.8%	67.0%
Put IV 25d	62.4%	55.6%	66.6%	55.6%	64.9%
Bid-Ask Spread %	20.67	3.14	33.15	3.14	33.15
Gamma HHI	0.10	0.08	0.17	0.10	0.08
Net GEX	9.4M	4.9M	15.3M	8.6M	8.2M
Net DEX	-418.3M	-656.5M	-158.1M	-287.9M	-429.5M
Net VEX	-6.2M	-6.6M	-5.8M	-5.8M	-6.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.21	0.97	0.48	0.61
Total Volume	159,811.143	58,664	289,810	97,489	110,642
Total OI	2,745,711.905	2,429,597	3,003,762	2,697,864	2,550,812

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
2025-09-02	$13.89	$12.50	53.2%	15.0%	39.4%	11.2%	53.0%	-0.2%	0.4%	8.6M	-287.9M	-5.8M	0.48	3.14	66,053	31,436	1,298,675	1,399,189
2025-09-03	$14.48	$12.50	56.4%	16.3%	39.5%	16.8%	59.6%	-1.6%	0.0%	11.7M	-448.2M	-6.2M	0.38	4.41	188,866	70,859	1,319,629	1,405,506
2025-09-04	$13.64	$13.00	56.6%	16.2%	44.4%	17.1%	57.6%	-0.9%	-0.1%	6.7M	-229.3M	-5.8M	0.40	11.44	123,768	49,832	1,333,196	1,434,512
2025-09-05	$14.39	$13.00	57.8%	16.4%	46.5%	19.2%	59.3%	-0.9%	-0.3%	10.8M	-421.5M	-6.0M	0.48	5.45	151,294	72,611	1,348,014	1,436,035
2025-09-08	$14.04	$13.00	58.9%	16.7%	46.9%	21.1%	59.5%	-0.1%	-0.6%	8.1M	-320.8M	-6.0M	0.97	22.11	63,007	61,175	1,332,113	1,451,693
2025-09-09	$13.91	$13.00	58.7%	16.7%	47.3%	20.7%	59.1%	-1.8%	-0.1%	6.7M	-277.9M	-6.0M	0.42	25.39	41,347	17,317	1,355,045	1,489,052
2025-09-10	$13.96	$13.00	59.2%	16.7%	47.2%	21.6%	59.5%	0.0%	-1.0%	7.0M	-285.3M	-5.9M	0.45	5.18	68,345	30,587	1,362,899	1,490,482
2025-09-11	$14.04	$13.00	59.5%	16.9%	46.1%	22.1%	59.9%	-0.3%	-0.6%	8.5M	-320.5M	-6.0M	0.72	4.43	74,678	53,782	1,378,141	1,501,390
2025-09-12	$13.48	$13.00	60.7%	17.3%	48.5%	24.2%	61.9%	-0.7%	-0.4%	6.0M	-158.1M	-5.9M	0.34	31.27	174,747	60,239	1,383,787	1,517,978
2025-09-15	$13.68	$13.00	61.6%	17.6%	48.4%	25.8%	62.5%	-3.0%	1.3%	4.9M	-241.7M	-5.9M	0.28	9.15	73,699	20,304	1,382,358	1,510,107
2025-09-16	$14.46	$13.00	62.1%	17.8%	51.6%	26.7%	63.0%	-2.2%	-0.9%	10.8M	-441.1M	-6.1M	0.26	25.50	147,252	38,803	1,392,711	1,514,663
2025-09-17	$14.21	$13.00	60.9%	17.5%	51.9%	24.6%	62.3%	-3.2%	-1.1%	9.3M	-377.4M	-6.1M	0.54	31.12	82,290	44,502	1,413,154	1,525,382
2025-09-18	$14.73	$13.00	64.4%	18.5%	52.0%	30.7%	65.4%	-1.6%	-1.5%	15.3M	-523.1M	-6.3M	0.36	23.19	125,326	45,128	1,428,109	1,537,809
2025-09-19	$14.38	$13.00	62.8%	18.1%	53.3%	28.0%	64.3%	-2.9%	-0.6%	9.2M	-436.0M	-6.2M	0.42	30.18	129,992	54,308	1,446,617	1,557,145
2025-09-22	$15.36	$13.00	66.3%	19.1%	52.3%	34.1%	70.0%	-4.2%	-3.1%	8.6M	-519.4M	-6.3M	0.29	21.88	225,149	64,661	1,115,405	1,314,192
2025-09-23	$15.55	$14.00	64.9%	19.0%	52.4%	31.6%	67.7%	-2.4%	-0.3%	10.8M	-583.4M	-6.4M	0.29	28.12	129,952	37,472	1,175,150	1,335,204
2025-09-24	$15.84	$14.00	64.9%	19.0%	52.5%	31.6%	67.5%	-6.9%	-0.6%	12.5M	-656.5M	-6.6M	0.29	25.51	104,643	30,116	1,195,566	1,335,336
2025-09-25	$15.70	$14.00	65.6%	19.2%	52.8%	32.9%	68.4%	-4.3%	-0.9%	13.1M	-641.1M	-6.6M	0.21	28.97	178,051	37,233	1,219,998	1,342,796
2025-09-26	$15.66	$14.00	61.7%	17.7%	52.2%	26.0%	63.4%	-4.6%	0.2%	10.8M	-643.3M	-6.6M	0.32	31.59	120,621	38,039	1,252,894	1,351,726
2025-09-29	$15.36	$14.00	63.2%	18.4%	52.9%	28.7%	67.4%	-3.7%	8.2%	9.7M	-543.4M	-6.6M	0.74	32.86	67,697	50,211	1,199,409	1,326,071
2025-09-30	$14.77	$14.00	63.0%	18.8%	54.8%	28.3%	66.9%	-2.1%	9.2%	8.2M	-429.5M	-6.4M	0.61	33.15	68,665	41,977	1,220,559	1,330,253