RLAY Options History — May 2023

In May 2023, RLAY traded between $10.02 and $11.79. ATM implied volatility averaged 75.9%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 21.1%. IV traded below realized volatility by 36.7% (HV 20d: 112.6%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.39.

Notable Days

  • 2023-05-22: Highest Volume — 378 contracts
  • 2023-05-31: Largest IV spike — 53.1% change
  • 2023-05-24: Highest IV Rank — 20.0%
  • 2023-05-24: Largest Expected Move — 32.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.85$10.02$11.79$11.43$11.09
Max Pain$12.84$12.50$15.00$15.00$12.50
ATM IV75.9%56.0%111.7%65.7%109.3%
Expected Move21.1%16.1%32.0%18.8%31.3%
HV 20d112.6%48.0%177.9%175.8%49.6%
HV 60d111.0%109.6%112.0%110.2%111.1%
IV Rank7.8%1.0%20.0%4.3%19.2%
IV Percentile13.3%0.4%46.8%1.2%45.2%
Term Structure-0.2%-31.9%88.0%6.2%-27.6%
VWIV74.1%56.9%105.3%67.6%90.7%
Skew 25d6.5%-15.3%85.4%7.5%52.9%
Skew 10d35.1%-21.6%174.5%-5.1%38.6%
Call IV 25d73.8%56.6%102.6%66.0%85.3%
Put IV 25d80.3%57.9%151.2%73.5%138.3%
Bid-Ask Spread %85.1570.11106.2472.90106.24
Gamma HHI0.440.340.640.420.64
Net GEX5.7K-17.0K26.1K4.9K25.1K
Net DEX571.4K-524.3K1.3M1.1M-379.4K
Net VEX-5.9K-8.1K-4.8K-5.4K-7.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.003.420.230.00
Total Volume132.455163789525
Total OI5,597.5454,0196,1425,5115,437

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$11.43$15.0065.7%18.8%175.8%4.3%67.6%7.5%6.2%4.9K1.1M-5.4K0.2372.90N/AN/A77183,2792,232
2023-05-02$10.57$15.0071.2%20.4%175.6%6.2%71.0%-5.4%-11.3%1.8K1.3M-4.8K3.4270.11N/AN/A602053,3372,225
2023-05-03$11.21$15.0069.5%19.9%177.9%5.6%65.6%3.5%-29.9%6151.1M-5.7K1.7089.67N/AN/A40683,3682,403
2023-05-04$11.30$12.5086.7%18.8%177.5%11.4%71.3%-0.7%-23.5%8251.1M-5.5K0.1383.44N/AN/A7293,4002,348
2023-05-05$11.27$12.5087.2%18.9%175.9%11.6%68.4%-5.7%-11.9%1.9K1.0M-5.9K0.0577.41N/AN/A9253,4162,351
2023-05-08$10.82$12.5090.2%20.8%175.4%12.7%74.9%4.9%10.9%1701.0M-5.1K0.1273.62N/AN/A136163,4672,172
2023-05-09$10.64$12.5066.8%21.5%175.4%4.7%76.8%-6.5%-6.9%-3.2K1.0M-5.0K0.0674.60N/AN/A14193,5592,166
2023-05-10$10.71$12.5056.0%16.1%172.3%1.0%67.8%2.9%30.5%2.9K933.4K-4.9K0.0281.68N/AN/A20443,6912,164
2023-05-11$10.38$12.5070.1%20.1%163.5%5.8%67.7%8.9%4.9%-5.4K959.0K-5.2K0.0383.93N/AN/A10233,8232,166
2023-05-12$10.29$12.5082.3%23.6%163.6%10.0%78.0%17.5%-6.3%-5.3K823.4K-5.7K0.0087.63N/AN/A0283,9242,169
2023-05-15$10.32$12.5059.6%17.1%162.4%2.2%68.6%85.4%15.8%-2.6K958.8K-5.0K0.0885.22N/AN/A6253,9242,182
2023-05-16$10.02$12.5072.0%20.7%53.5%6.5%70.4%-12.6%-1.1%-14.7K915.0K-4.8K0.4585.19N/AN/A97443,9842,075
2023-05-17$10.32$12.5072.5%20.8%48.2%6.6%73.0%2.8%-3.7%5.8K641.6K-5.2K0.0781.76N/AN/A1514,0682,024
2023-05-18$10.20$12.5066.8%19.1%48.0%4.7%71.5%-15.3%88.0%-17.0K757.0K-5.1K0.1386.98N/AN/A6384,0732,025
2023-05-19$10.47$12.5061.6%17.7%49.3%2.9%64.0%-7.2%0.6%7.2K576.8K-5.4K0.3090.50N/AN/A2374,1152,027
2023-05-22$11.16$12.5058.2%16.7%53.3%1.8%56.9%15.0%-6.5%9.9K204.9K-5.7K0.0190.59N/AN/A37352,5561,463
2023-05-23$11.79$12.5076.5%21.9%56.8%8.0%77.2%-7.9%-18.6%16.5K-272.6K-6.9K0.5885.92N/AN/A156902,9161,466
2023-05-24$11.59$12.50111.7%32.0%54.8%20.0%105.3%-4.0%-31.9%20.3K-524.3K-8.1K0.0584.36N/AN/A198103,4461,620
2023-05-25$11.36$12.5082.9%23.8%55.3%10.2%82.5%-7.0%-13.1%25.5K-337.8K-7.7K0.2185.07N/AN/A179383,6611,630
2023-05-26$10.98$12.5081.6%23.4%56.6%9.7%81.0%9.8%8.0%24.7K-278.0K-7.5K0.0099.68N/AN/A2603,7691,620
2023-05-30$10.86$12.5071.4%20.5%56.6%6.3%80.0%3.4%22.5%26.1K-49.1K-6.8K0.4596.71N/AN/A138623,7851,620
2023-05-31$11.09$12.50109.3%31.3%49.6%19.2%90.7%52.9%-27.6%25.1K-379.4K-7.5K0.00106.24N/AN/A2503,7831,654