RLAY Options History — February 2023

In February 2023, RLAY traded between $16.24 and $22.62. ATM implied volatility averaged 91.5%, placing in the 13.1% IV rank vs the trailing year. The 30-day expected move averaged 25.4%. IV traded above realized volatility by 28.2% (HV 20d: 63.3%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.86.

Notable Days

2023-02-23: Highest Volume — 633 contracts
2023-02-27: Largest IV spike — 80.9% change
2023-02-27: Highest IV Rank — 32.0%
2023-02-27: Largest Expected Move — 42.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.11	$16.24	$22.62	$21.89	$16.24
Max Pain	$19.74	$15.00	$20.00	$15.00	$20.00
ATM IV	91.5%	68.7%	147.0%	71.8%	136.8%
Expected Move	25.4%	19.7%	42.1%	20.6%	39.2%
HV 20d	63.3%	44.8%	80.0%	76.8%	52.0%
HV 60d	65.3%	63.2%	66.2%	65.4%	66.0%
IV Rank	13.1%	5.3%	32.0%	6.4%	28.5%
IV Percentile	21.3%	2.0%	74.2%	4.4%	67.5%
Term Structure	-7.2%	-145.7%	30.4%	-21.0%	-54.5%
VWIV	92.3%	53.1%	182.9%	80.8%	53.1%
Skew 25d	-3.8%	-119.9%	46.6%	27.6%	46.6%
Skew 10d	-24.7%	-95.6%	76.2%	23.4%	-18.1%
Call IV 25d	101.5%	78.7%	181.2%	88.2%	93.0%
Put IV 25d	97.8%	61.2%	139.5%	115.8%	139.5%
Bid-Ask Spread %	100.65	90.62	110.81	103.12	90.62
Gamma HHI	0.46	0.26	0.70	0.60	0.30
Net GEX	17.0K	5.3K	33.4K	27.8K	16.6K
Net DEX	-792.6K	-1.4M	-307.2K	-1.4M	-376.8K
Net VEX	-1.7K	-2.6K	-881	-2.2K	-2.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.86	0.00	6.00	0.03	0.20
Total Volume	85.158	0	633	31	6
Total OI	1,512.158	1,066	1,810	1,457	1,810

Daily Data (19 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-02-01	$21.89	$15.00	71.8%	20.6%	76.8%	6.4%	80.8%	27.6%	-21.0%	27.8K	-1.4M	-2.2K	0.03	103.12	N/A	N/A	30	1	1,291	166
2023-02-02	$22.62	$20.00	97.5%	23.6%	75.9%	15.1%	0.0%	9.1%	-5.9%	29.4K	-1.4M	-2.2K	0.33	103.57	N/A	N/A	3	1	1,298	167
2023-02-03	$22.12	$20.00	87.1%	24.1%	75.4%	11.6%	0.0%	9.0%	-9.2%	33.4K	-1.4M	-2.1K	0.00	91.37	N/A	N/A	1	0	1,303	168
2023-02-06	$21.32	$20.00	128.9%	25.5%	77.8%	25.8%	90.2%	-0.3%	-30.6%	24.0K	-1.2M	-1.8K	0.13	100.22	N/A	N/A	8	1	1,304	169
2023-02-07	$21.30	$20.00	94.4%	27.4%	77.9%	14.1%	0.0%	-16.6%	-16.4%	25.0K	-984.5K	-1.5K	0.00	100.69	N/A	N/A	0	0	1,304	169
2023-02-08	$20.55	$20.00	89.2%	25.6%	79.9%	12.3%	81.1%	3.6%	5.5%	22.3K	-1.0M	-1.5K	0.00	101.28	N/A	N/A	6	0	1,304	169
2023-02-09	$20.05	$20.00	68.7%	19.7%	80.0%	5.3%	68.2%	4.1%	16.7%	16.1K	-829.6K	-1.2K	0.20	104.78	N/A	N/A	103	21	1,304	169
2023-02-10	$19.47	$20.00	88.4%	25.4%	44.8%	12.1%	0.0%	-8.9%	6.8%	18.1K	-953.9K	-1.8K	0.20	109.69	N/A	N/A	10	2	1,404	174
2023-02-13	$18.40	$20.00	79.9%	22.9%	48.1%	9.1%	96.9%	8.5%	16.6%	8.0K	-675.4K	-1.2K	1.55	94.22	N/A	N/A	11	17	1,409	174
2023-02-14	$19.00	$20.00	85.2%	24.4%	49.8%	10.9%	96.5%	-10.4%	9.4%	11.6K	-793.7K	-1.3K	0.11	95.61	N/A	N/A	97	11	1,412	179
2023-02-15	$18.35	$20.00	74.0%	21.2%	51.0%	7.1%	79.4%	-6.0%	29.1%	10.0K	-681.7K	-1.2K	6.00	100.48	N/A	N/A	1	6	1,441	189
2023-02-16	$17.28	$20.00	73.1%	21.0%	54.5%	6.8%	72.9%	-1.2%	2.2%	6.7K	-529.4K	-881	4.00	97.50	N/A	N/A	2	8	1,441	186
2023-02-17	$18.48	$20.00	87.2%	25.0%	60.0%	11.6%	100.9%	-5.7%	18.5%	5.3K	-671.3K	-1.1K	0.00	95.00	N/A	N/A	506	0	1,440	186
2023-02-21	$17.59	$20.00	71.1%	20.4%	61.8%	6.2%	75.9%	3.1%	30.4%	17.7K	-504.9K	-1.8K	1.69	110.81	N/A	N/A	35	59	977	89
2023-02-22	$17.55	$20.00	79.5%	22.8%	61.8%	9.0%	92.6%	-14.2%	10.1%	12.8K	-355.8K	-1.8K	0.04	109.65	N/A	N/A	26	1	1,005	148
2023-02-23	$17.32	$20.00	97.9%	28.1%	61.8%	15.3%	132.7%	-119.9%	5.8%	11.3K	-540.6K	-2.1K	1.03	105.42	N/A	N/A	312	321	1,027	149
2023-02-24	$17.11	$20.00	81.3%	23.3%	61.8%	9.6%	80.0%	0.8%	-4.3%	14.1K	-307.2K	-2.2K	0.00	99.22	N/A	N/A	1	0	1,332	470
2023-02-27	$16.48	$20.00	147.0%	42.1%	52.1%	32.0%	182.9%	-0.4%	-145.7%	13.0K	-468.1K	-2.6K	0.00	99.07	N/A	N/A	11	0	1,334	470
2023-02-28	$16.24	$20.00	136.8%	39.2%	52.0%	28.5%	53.1%	46.6%	-54.5%	16.6K	-376.8K	-2.1K	0.20	90.62	N/A	N/A	5	1	1,340	470