RLAY Options History — March 2023

In March 2023, RLAY traded between $14.96 and $17.82. ATM implied volatility averaged 116.9%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 33.0%. IV traded above realized volatility by 57.3% (HV 20d: 59.5%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 3.01.

Notable Days

  • 2023-03-27: Highest Volume — 1,446 contracts
  • 2023-03-07: Largest IV spike — 76.2% change
  • 2023-03-14: Highest IV Rank — 34.6%
  • 2023-03-29: Largest Expected Move — 43.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.05$14.96$17.82$16.13$16.26
Max Pain$16.63$15.00$20.00$20.00$15.00
ATM IV116.9%74.8%154.8%95.8%147.8%
Expected Move33.0%22.8%43.8%27.5%42.4%
HV 20d59.5%51.0%68.4%51.5%61.3%
HV 60d66.9%65.0%69.6%65.7%66.2%
IV Rank21.7%7.4%34.6%14.5%32.2%
IV Percentile47.3%7.1%76.6%27.0%74.2%
Term Structure-24.9%-114.3%28.6%24.8%-40.2%
VWIV126.8%98.1%186.9%186.9%150.1%
Skew 25d-9.1%-82.7%34.5%34.5%5.4%
Skew 10d-35.5%-157.8%53.1%8.7%-33.5%
Call IV 25d133.1%66.9%194.3%66.9%145.5%
Put IV 25d124.0%65.1%168.6%101.5%151.0%
Bid-Ask Spread %78.2751.14115.0993.8761.64
Gamma HHI0.390.280.520.340.33
Net GEX17.8K-4.4K38.7K17.9K16.1K
Net DEX-613.1K-1.5M577.4K-280.5K-620.7K
Net VEX-7.3K-14.5K-1.5K-1.7K-14.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.010.0123.071.000.26
Total Volume459.8711,44612498
Total OI4,275.2611,8168,4651,8168,465

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$16.13$20.0095.8%27.5%51.5%14.5%186.9%34.5%24.8%17.9K-280.5K-1.7K1.0093.87N/AN/A661,345471
2023-03-02$16.36$20.00136.5%39.1%51.0%28.4%100.7%-82.7%-114.3%9.8K-196.9K-2.0K0.03115.09N/AN/A3911,351477
2023-03-03$17.11$20.0079.7%22.8%52.7%9.1%0.0%-34.9%-19.2%8.5K-144.0K-1.7K0.00105.11N/AN/A011,354478
2023-03-06$16.94$17.5074.8%32.4%52.6%7.4%101.2%7.2%-19.2%9.8K-170.8K-1.5K0.0185.61N/AN/A1,192101,354479
2023-03-07$17.82$17.50131.8%30.1%56.4%26.8%109.5%18.3%-36.3%38.7K-1.4M-4.9K0.6481.62N/AN/A4873102,528485
2023-03-08$16.93$17.5086.9%25.6%58.3%11.5%120.6%0.6%-16.1%31.6K-1.1M-4.0K0.2682.06N/AN/A5961542,330194
2023-03-09$15.51$17.5082.8%32.1%63.8%10.1%119.9%-10.6%-23.8%28.8K-981.4K-5.0K0.5974.94N/AN/A3762232,791341
2023-03-10$15.16$17.50139.7%28.7%63.7%29.5%116.4%-17.4%-11.2%24.2K-906.7K-6.2K0.8478.05N/AN/A77653,198555
2023-03-13$16.08$17.50126.5%33.1%68.4%25.0%0.0%-25.2%-21.7%30.8K-1.2M-6.6K0.2992.77N/AN/A723,274570
2023-03-14$16.29$17.50154.8%36.2%66.5%34.6%113.8%-16.2%-36.3%29.7K-1.3M-6.8K6.8377.03N/AN/A6413,281574
2023-03-15$16.80$17.50116.7%33.5%66.4%21.7%103.3%-49.6%-28.1%35.9K-1.5M-7.1K8.3683.37N/AN/A141173,287621
2023-03-16$16.20$17.50116.6%33.4%66.5%21.6%116.3%-26.5%-14.3%26.9K-1.0M-7.0K3.6079.53N/AN/A2057383,296728
2023-03-17$15.78$15.00108.5%31.1%63.9%18.9%114.5%4.3%12.0%25.6K-936.4K-8.3K1.5871.34N/AN/A741173,4771,410
2023-03-20$15.51$15.00105.6%30.3%58.1%17.9%114.1%-33.9%-18.3%17.1K-587.3K-8.3K0.3663.29N/AN/A74272,6461,394
2023-03-21$15.63$15.00103.8%29.8%56.4%17.3%98.1%6.4%-14.4%20.9K-525.6K-8.0K23.0779.52N/AN/A143232,7041,411
2023-03-22$15.30$15.0087.8%25.2%56.6%11.9%126.6%32.9%28.6%17.3K-688.2K-8.6K7.7784.66N/AN/A715522,7161,734
2023-03-23$15.30$15.00109.8%31.5%56.6%19.3%117.8%15.6%-33.0%9.1K-475.1K-9.8K3.9870.53N/AN/A632512,7862,272
2023-03-24$15.32$15.0096.2%27.6%56.6%14.7%133.6%10.3%-34.5%323577.4K-8.8K0.7571.18N/AN/A20152,8092,467
2023-03-27$15.68$15.00144.6%41.5%56.2%31.2%145.3%12.6%-40.4%6.1K-179.1K-10.0K2.4570.24N/AN/A4191,0272,8112,457
2023-03-28$14.96$15.00149.7%42.9%58.2%32.9%152.4%-26.1%-52.0%-4.4K424.5K-11.2K2.5568.61N/AN/A1203063,1803,402
2023-03-29$16.00$15.00153.0%43.8%63.5%34.0%172.2%-20.9%-52.5%-485-417.7K-12.3K0.1458.92N/AN/A1,0601533,2523,638
2023-03-30$16.00$15.00138.3%39.7%63.2%29.0%149.7%-14.0%-11.6%10.3K-567.8K-14.1K0.8451.14N/AN/A3913294,2063,732
2023-03-31$16.26$15.00147.8%42.4%61.3%32.2%150.1%5.4%-40.2%16.1K-620.7K-14.5K0.2661.64N/AN/A3951034,4484,017