RLAY Options History — January 2023

In January 2023, RLAY traded between $15.13 and $21.80. ATM implied volatility averaged 92.8%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 25.7%. IV traded above realized volatility by 20.9% (HV 20d: 71.9%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.24.

Notable Days

  • 2023-01-10: Highest Volume — 1,599 contracts
  • 2023-01-04: Largest IV drop — 41.3% change
  • 2023-01-03: Highest IV Rank — 31.2%
  • 2023-01-03: Largest Expected Move — 41.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.95$15.13$21.80$15.13$21.46
Max Pain$15.25$15.00$17.50$17.50$15.00
ATM IV92.8%72.8%144.7%144.7%105.3%
Expected Move25.7%20.5%41.5%41.5%30.2%
HV 20d71.9%53.8%87.7%53.8%76.8%
HV 60d61.9%54.4%67.7%54.4%65.5%
IV Rank13.5%6.7%31.2%31.2%17.8%
IV Percentile19.6%4.8%70.6%70.6%36.1%
Term Structure-10.2%-104.8%67.9%-104.8%-29.0%
VWIV97.3%71.2%128.8%100.2%98.9%
Skew 25d1.6%-46.0%66.8%66.8%-5.5%
Skew 10d-20.9%-104.4%74.0%74.0%-5.8%
Call IV 25d98.0%81.9%125.0%88.8%98.2%
Put IV 25d99.6%68.3%155.6%155.6%92.6%
Bid-Ask Spread %98.0386.26112.64111.6899.38
Gamma HHI0.370.190.590.300.56
Net GEX30.2K7.6K84.3K14.3K25.4K
Net DEX-1.2M-2.3M-459.4K-546.8K-1.2M
Net VEX-2.0K-2.9K-1.5K-1.8K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.240.001.500.000.90
Total Volume227.121,5991219
Total OI1,755.61,3822,3411,4131,448

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$15.13$17.50144.7%41.5%53.8%31.2%100.2%66.8%-104.8%14.3K-546.8K-1.8K0.00111.68N/AN/A1201,33776
2023-01-04$15.96$17.5084.9%24.3%58.0%10.9%93.3%5.9%-17.6%16.6K-587.1K-1.8K0.0289.12N/AN/A4511,34576
2023-01-05$15.51$15.0082.8%21.2%58.5%10.1%0.0%16.8%37.8%15.4K-542.5K-1.6K0.00102.33N/AN/A201,39077
2023-01-06$15.74$15.0090.4%24.5%58.2%12.7%0.0%29.6%-7.1%14.1K-535.4K-1.6K0.05100.65N/AN/A10551,39277
2023-01-09$15.77$15.0088.0%20.5%57.8%11.9%93.7%-28.6%16.8%15.2K-540.7K-1.5K0.07105.45N/AN/A658491,49082
2023-01-10$15.84$15.00107.7%21.4%55.5%18.6%81.8%-46.0%-13.7%16.4K-459.4K-1.5K0.0099.90N/AN/A1,59451,715129
2023-01-11$16.59$15.0072.8%20.9%57.0%6.7%71.2%35.5%67.9%32.1K-817.7K-1.9K0.00112.64N/AN/A2702,131134
2023-01-12$20.04$15.0091.5%26.2%87.7%13.1%85.9%-8.3%11.5%78.9K-2.0M-2.7K0.7098.66N/AN/A57402,127134
2023-01-13$20.45$15.0087.8%25.2%87.6%11.8%94.6%-13.8%-16.4%84.3K-2.2M-2.9K0.0595.71N/AN/A352162,184154
2023-01-17$20.48$15.0076.8%22.0%87.1%8.1%97.8%32.4%-2.7%7.6K-2.3M-1.7K0.02103.42N/AN/A690162,104148
2023-01-18$20.47$15.0093.2%26.7%87.0%13.7%87.4%-7.3%-4.5%66.9K-1.7M-1.9K0.0295.03N/AN/A5212,149132
2023-01-19$20.20$15.0087.5%25.1%80.3%11.8%128.8%-3.5%-20.2%61.9K-1.5M-1.5K0.0196.36N/AN/A8912,183132
2023-01-20$20.63$15.0096.0%27.5%80.3%14.6%107.6%-18.5%-32.6%9.6K-1.6M-1.5K0.00107.75N/AN/A53912,208133
2023-01-23$20.73$15.0097.9%28.1%75.4%15.3%107.0%-12.0%-22.3%24.3K-1.2M-2.4K0.0089.98N/AN/A3101,266116
2023-01-24$20.56$15.0084.9%24.3%75.8%10.8%92.8%-10.6%-46.4%22.9K-1.2M-2.3K0.1787.14N/AN/A1221,273116
2023-01-25$20.30$15.0090.1%25.8%73.5%12.6%93.9%-2.0%-13.7%21.7K-1.1M-2.2K0.0086.26N/AN/A021,283118
2023-01-26$20.04$15.0087.5%25.1%73.8%11.7%101.3%-9.1%-16.8%21.6K-1.0M-2.1K0.0088.86N/AN/A301,283119
2023-01-27$21.80$15.0089.2%25.6%76.5%12.3%107.5%9.9%15.5%28.3K-1.3M-2.4K0.9894.69N/AN/A56551,285119
2023-01-30$21.31$15.0097.4%27.9%77.4%15.1%106.9%0.5%-4.9%25.8K-1.2M-2.2K1.5095.50N/AN/A231,292155
2023-01-31$21.46$15.00105.3%30.2%76.8%17.8%98.9%-5.5%-29.0%25.4K-1.2M-2.2K0.9099.38N/AN/A1091,291157