RLAY Options History — April 2023

In April 2023, RLAY traded between $11.29 and $18.28. ATM implied volatility averaged 111.5%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 28.8%. IV traded below realized volatility by 5.2% (HV 20d: 116.7%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 3.21.

Notable Days

  • 2023-04-18: Highest Volume — 13,561 contracts
  • 2023-04-18: Largest IV drop — 43.5% change
  • 2023-04-10: Highest IV Rank — 50.1%
  • 2023-04-05: Largest Expected Move — 44.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.87$11.29$18.28$16.94$11.35
Max Pain$16.18$15.00$17.50$15.00$15.00
ATM IV111.5%65.6%200.2%145.1%67.5%
Expected Move28.8%18.8%44.4%41.6%19.3%
HV 20d116.7%45.5%178.9%63.1%175.9%
HV 60d86.4%54.1%112.2%66.5%110.6%
IV Rank19.9%4.3%50.1%31.3%4.9%
IV Percentile38.4%0.8%91.3%71.8%2.8%
Term Structure-15.4%-61.6%5.1%-61.6%3.4%
VWIV103.2%66.3%163.0%144.0%66.6%
Skew 25d5.1%-7.7%19.1%-2.7%-6.0%
Skew 10d16.6%-22.4%116.4%-9.1%-22.4%
Call IV 25d101.1%66.3%165.1%148.8%73.5%
Put IV 25d106.2%67.5%165.1%146.2%67.5%
Bid-Ask Spread %54.7434.9782.8154.2574.59
Gamma HHI0.360.200.840.350.37
Net GEX15.8K-101.6K132.7K28.3K2.6K
Net DEX-44.5K-6.3M6.9M-1.3M1.2M
Net VEX-11.0K-20.4K-4.3K-14.5K-5.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.210.0633.623.280.50
Total Volume2,107.94712213,561167227
Total OI11,778.1054,78719,7768,7645,331

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$16.94$15.00145.1%41.6%63.1%31.3%144.0%-2.7%-61.6%28.3K-1.3M-14.5K3.2854.25N/AN/A391284,6684,096
2023-04-04$16.80$15.00137.2%39.3%60.2%28.6%147.7%-7.7%-32.8%23.4K-1.1M-14.1K3.5343.00N/AN/A321134,7064,114
2023-04-05$17.20$15.00155.0%44.4%58.1%34.7%163.0%-0.1%-45.3%28.6K-1.5M-14.4K1.8448.72N/AN/A2704984,7384,204
2023-04-06$18.01$17.50159.8%30.6%49.9%36.3%108.8%19.1%-11.1%32.0K-2.2M-15.3K1.8844.44N/AN/A2414534,9484,674
2023-04-10$18.28$17.50200.2%34.2%48.6%50.1%117.3%11.3%-21.1%29.5K-2.3M-14.7K0.1938.13N/AN/A1,7293374,9985,065
2023-04-11$18.05$17.50190.8%33.3%45.5%46.9%115.7%10.5%-20.1%59.7K-2.9M-15.7K33.6241.09N/AN/A742,4886,6485,031
2023-04-12$16.04$17.50123.7%35.5%63.1%24.1%122.7%16.5%-26.5%23.1K-595.3K-14.3K0.1744.84N/AN/A5,4909566,7345,561
2023-04-13$18.18$17.50125.8%36.1%76.8%24.7%129.0%9.0%-24.0%129.1K-6.3M-20.4K2.0534.97N/AN/A1,1112,27811,3506,062
2023-04-14$17.55$17.50127.5%36.6%76.7%25.3%127.3%11.7%-27.7%110.7K-5.0M-19.7K2.7444.63N/AN/A4591,25711,4086,622
2023-04-17$18.17$17.50131.3%37.6%76.6%26.6%146.8%7.8%-28.0%132.7K-6.1M-17.1K5.7937.70N/AN/A4092,36811,6216,684
2023-04-18$11.71$17.5074.2%21.3%176.2%7.2%78.2%2.1%-2.9%-101.6K6.9M-4.3K0.6436.34N/AN/A8,2725,28911,7997,977
2023-04-19$12.50$17.5075.3%21.6%178.3%7.6%78.0%4.2%4.8%-90.6K5.8M-5.6K0.5876.01N/AN/A1,1216509,3468,139
2023-04-20$12.55$15.0072.8%20.9%178.3%6.7%70.4%-0.6%-3.7%-94.5K5.6M-6.0K0.3671.09N/AN/A1,1524179,9558,298
2023-04-21$12.66$15.0065.6%18.8%178.4%4.3%66.3%-0.7%2.3%-1.3K3.6M-5.8K3.4082.81N/AN/A21773710,8028,258
2023-04-24$12.05$15.0066.2%19.0%178.9%4.5%67.6%9.7%5.1%-3.5K1.2M-5.8K0.1556.47N/AN/A460712,6342,153
2023-04-25$11.79$15.0066.0%18.9%178.4%4.4%69.6%2.1%-6.3%-3.8K1.3M-5.4K0.1678.56N/AN/A105172,7412,200
2023-04-26$11.29$15.0067.7%19.4%178.4%5.0%69.4%1.5%1.3%-4.1K1.4M-5.0K0.0759.78N/AN/A415272,7522,206
2023-04-27$11.34$15.0067.2%19.3%175.9%4.8%71.6%8.8%2.1%4691.3M-5.4K0.0672.62N/AN/A13683,0452,216
2023-04-28$11.35$15.0067.5%19.3%175.9%4.9%66.6%-6.0%3.4%2.6K1.2M-5.4K0.5074.59N/AN/A151763,1572,174