RIVN Options History — December 2025

In December 2025, RIVN traded between $16.63 and $22.43. ATM implied volatility averaged 66.5%, placing in the 34.4% IV rank vs the trailing year. The 30-day expected move averaged 19.3%. IV traded below realized volatility by 7.6% (HV 20d: 74.1%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.47.

Notable Days

2025-12-12: Highest Volume — 725,308 contracts
2025-12-18: Largest IV spike — 15.5% change
2025-12-18: Highest IV Rank — 48.2%
2025-12-18: Largest Expected Move — 21.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.04	$16.63	$22.43	$17.30	$19.79
Max Pain	$15.27	$15.00	$16.00	$15.00	$16.00
ATM IV	66.5%	61.3%	74.4%	67.0%	62.6%
Expected Move	19.3%	17.8%	21.4%	21.4%	17.8%
HV 20d	74.1%	51.9%	101.7%	101.7%	85.1%
HV 60d	73.5%	68.0%	79.7%	69.3%	78.7%
IV Rank	34.4%	25.2%	48.2%	35.4%	27.7%
IV Percentile	48.9%	29.0%	78.6%	51.6%	33.7%
Term Structure	-0.3%	-3.4%	2.4%	0.0%	0.8%
VWIV	69.2%	63.8%	76.7%	75.4%	64.4%
Skew 25d	-2.5%	-5.6%	1.7%	-4.5%	-4.1%
Skew 10d	-4.0%	-26.0%	20.3%	20.3%	-3.7%
Call IV 25d	69.9%	62.4%	80.7%	72.9%	65.4%
Put IV 25d	67.4%	61.3%	75.1%	68.4%	61.3%
Bid-Ask Spread %	22.73	10.70	40.37	35.54	14.02
Gamma HHI	0.13	0.07	0.37	0.09	0.14
Net GEX	15.9M	9.2M	39.8M	13.0M	11.4M
Net DEX	-1.13B	-2.26B	-641.0M	-886.0M	-996.2M
Net VEX	-7.0M	-7.7M	-6.4M	-6.5M	-7.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.47	0.24	1.00	0.30	0.43
Total Volume	248,993.864	41,727	725,308	313,973	78,025
Total OI	2,909,412.045	2,691,673	3,257,134	2,733,790	2,743,606

Daily Data (22 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
2025-12-01	$17.30	$15.00	67.0%	21.4%	101.7%	35.4%	75.4%	-4.5%	0.0%	13.0M	-886.0M	-6.5M	0.30	35.54	242,215	71,758	1,300,480	1,433,310
2025-12-02	$17.32	$15.00	67.4%	21.0%	101.2%	36.0%	76.7%	-4.8%	1.3%	14.5M	-914.2M	-6.7M	0.24	27.39	184,489	45,087	1,357,567	1,460,577
2025-12-03	$17.52	$15.00	69.5%	21.1%	97.5%	39.6%	74.8%	-5.3%	-2.7%	16.1M	-977.5M	-6.7M	0.26	40.37	137,408	35,948	1,391,575	1,481,361
2025-12-04	$18.02	$15.00	67.7%	19.6%	65.3%	36.5%	70.4%	-3.5%	2.4%	18.2M	-1.09B	-6.7M	0.37	19.16	181,754	67,063	1,408,325	1,491,338
2025-12-05	$18.05	$15.00	66.1%	18.9%	64.8%	33.7%	68.7%	-3.0%	1.2%	39.8M	-1.11B	-6.7M	0.34	19.06	210,848	72,206	1,425,404	1,516,603
2025-12-08	$17.57	$15.00	68.5%	19.5%	66.0%	37.9%	69.4%	-1.8%	-0.6%	14.1M	-878.5M	-6.6M	0.48	20.26	97,951	46,683	1,362,690	1,494,537
2025-12-09	$17.74	$15.00	69.1%	19.3%	61.6%	39.0%	69.1%	-0.2%	-2.2%	15.3M	-932.7M	-6.7M	0.34	20.76	82,392	28,240	1,394,091	1,509,910
2025-12-10	$17.89	$15.00	68.7%	19.4%	51.9%	38.3%	69.8%	-2.7%	-1.8%	18.4M	-1.00B	-6.7M	0.50	27.55	151,059	75,716	1,430,327	1,523,046
2025-12-11	$16.63	$15.00	64.0%	18.5%	57.0%	30.0%	66.9%	-3.6%	1.1%	10.6M	-641.0M	-6.4M	0.44	24.52	339,704	150,245	1,468,022	1,565,020
2025-12-12	$18.44	$15.00	66.5%	19.1%	64.6%	34.5%	69.3%	-2.1%	-0.2%	25.8M	-1.26B	-6.8M	0.49	22.90	485,500	239,808	1,516,561	1,599,747
2025-12-15	$18.83	$15.00	70.4%	20.1%	56.7%	41.2%	70.8%	-3.3%	-0.2%	14.3M	-1.16B	-6.9M	0.47	25.99	233,199	109,282	1,426,317	1,619,196
2025-12-16	$18.04	$15.00	65.4%	18.8%	57.6%	32.6%	67.3%	-3.5%	-0.3%	11.7M	-928.5M	-6.9M	0.39	20.89	134,490	52,773	1,470,078	1,631,408
2025-12-17	$17.73	$15.00	64.4%	18.5%	58.2%	30.7%	66.9%	-1.5%	1.2%	10.8M	-872.2M	-6.7M	0.71	24.09	60,377	43,109	1,479,034	1,629,070
2025-12-18	$20.24	$15.00	74.4%	21.4%	72.1%	48.2%	75.9%	-5.6%	-1.7%	22.3M	-1.57B	-7.0M	0.37	17.28	353,760	130,257	1,481,865	1,630,709
2025-12-19	$22.43	$15.00	71.8%	21.0%	77.9%	43.6%	74.3%	-2.0%	-2.7%	24.4M	-2.26B	-7.5M	0.59	15.27	387,689	227,109	1,580,056	1,677,078
2025-12-22	$21.79	$15.00	66.3%	19.0%	79.9%	34.1%	68.8%	1.3%	0.3%	13.2M	-1.48B	-7.3M	0.77	18.89	112,678	87,220	1,251,147	1,456,587
2025-12-23	$21.05	$16.00	63.3%	18.0%	81.8%	28.7%	65.2%	-0.5%	-1.9%	11.3M	-1.28B	-7.6M	1.00	36.72	88,951	89,139	1,273,657	1,498,070
2025-12-24	$21.30	$16.00	62.5%	18.0%	81.4%	27.3%	64.2%	1.7%	0.4%	13.1M	-1.37B	-7.7M	0.37	12.41	30,525	11,202	1,300,133	1,507,343
2025-12-26	$20.93	$16.00	61.3%	17.8%	81.0%	25.2%	63.8%	-1.0%	2.4%	10.2M	-1.27B	-7.5M	0.36	26.17	70,205	25,529	1,308,169	1,510,418
2025-12-29	$20.73	$16.00	63.7%	17.9%	81.0%	29.6%	65.0%	-1.4%	-0.5%	12.4M	-1.19B	-7.2M	0.43	10.70	46,406	20,094	1,236,127	1,455,546
2025-12-30	$19.44	$16.00	62.6%	18.1%	85.0%	27.6%	65.1%	-3.9%	-3.4%	9.2M	-901.4M	-7.0M	0.60	20.11	87,120	52,652	1,246,415	1,464,545
2025-12-31	$19.79	$16.00	62.6%	17.8%	85.1%	27.7%	64.4%	-4.1%	0.8%	11.4M	-996.2M	-7.1M	0.43	14.02	54,643	23,382	1,275,062	1,468,544