RLAY Options History — July 2023

In July 2023, RLAY traded between $11.29 and $13.01. ATM implied volatility averaged 69.3%, placing in the 9.3% IV rank vs the trailing year. The 30-day expected move averaged 20.4%. IV traded above realized volatility by 5.0% (HV 20d: 64.3%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.34.

Notable Days

  • 2023-07-25: Highest Volume — 243 contracts
  • 2023-07-18: Largest IV spike — 71.7% change
  • 2023-07-18: Highest IV Rank — 33.7%
  • 2023-07-18: Largest Expected Move — 31.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.25$11.29$13.01$12.73$12.55
Max Pain$11.00$10.00$12.50$12.50$12.50
ATM IV69.3%51.7%109.3%60.2%63.9%
Expected Move20.4%15.8%31.3%17.3%18.3%
HV 20d64.3%51.5%69.0%51.5%66.9%
HV 60d77.6%54.5%111.2%109.7%54.5%
IV Rank9.3%0.0%33.7%2.7%7.1%
IV Percentile16.3%0.0%56.3%5.6%9.9%
Term Structure2.0%-82.1%80.1%80.1%-2.4%
VWIV68.3%43.5%115.3%55.0%64.4%
Skew 25d9.2%-31.1%54.2%21.8%1.7%
Skew 10d28.7%-3.6%108.1%18.4%-0.4%
Call IV 25d64.2%42.0%104.1%42.0%68.5%
Put IV 25d73.4%61.6%109.6%63.8%70.1%
Bid-Ask Spread %93.1376.01127.61126.5284.25
Gamma HHI0.660.200.870.770.47
Net GEX28.6K4.3K94.3K29.0K12.9K
Net DEX-366.5K-979.1K-18.9K-979.1K-251.1K
Net VEX-4.7K-6.0K-4.1K-6.0K-4.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.001.830.030.00
Total Volume84.20243089
Total OI3,252.353,0073,5513,2123,359

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$12.73$12.5060.2%17.3%51.5%2.7%0.0%21.8%80.1%29.0K-979.1K-6.0K0.00126.52N/AN/A002,1831,029
2023-07-05$12.54$12.5055.0%15.8%52.0%0.9%55.0%15.8%7.0%34.0K-622.9K-5.4K0.0076.01N/AN/A032,1831,029
2023-07-06$11.29$10.0052.3%18.7%63.8%0.0%0.0%54.2%15.7%21.5K-400.6K-5.1K0.03127.61N/AN/A10132,1831,028
2023-07-07$11.61$10.0051.7%19.5%64.3%0.0%0.0%11.8%-12.4%23.1K-182.5K-4.6K0.0099.66N/AN/A6702,0911,031
2023-07-10$12.13$10.0062.2%18.4%64.9%3.6%58.6%-31.1%2.2%28.1K-404.4K-5.0K0.0298.38N/AN/A5912,0631,031
2023-07-11$12.27$10.0070.5%21.6%62.6%6.4%79.0%14.8%-11.3%23.9K-361.7K-4.9K0.0096.39N/AN/A20302,0181,031
2023-07-12$13.00$10.0072.7%20.8%62.9%7.1%64.9%4.1%-27.2%26.6K-863.7K-5.3K0.0287.71N/AN/A21851,9761,031
2023-07-13$12.70$10.0065.0%18.6%62.2%4.6%43.5%7.9%26.0%32.5K-552.9K-4.9K0.8688.61N/AN/A58502,1251,026
2023-07-14$12.27$10.0078.7%22.6%63.2%15.8%56.3%3.8%-0.7%33.0K-308.6K-4.7K0.1684.82N/AN/A5892,1811,076
2023-07-17$13.01$10.0063.7%18.3%63.4%7.0%75.7%-10.1%7.5%33.6K-694.9K-4.9K0.1683.71N/AN/A182292,1941,085
2023-07-18$12.05$10.00109.3%31.3%67.9%33.7%0.0%40.0%-34.3%36.3K-312.9K-4.9K1.8394.02N/AN/A6112,3781,086
2023-07-19$12.29$10.0076.0%21.8%68.2%14.2%73.6%35.7%3.0%48.5K-389.7K-4.8K0.0388.91N/AN/A12442,3421,097
2023-07-20$12.07$10.0068.0%19.5%68.5%9.5%0.0%-2.0%42.4%52.6K-217.9K-4.5K0.0084.41N/AN/A102,4491,101
2023-07-21$12.37$10.00100.1%28.7%68.5%28.3%115.3%11.4%-82.1%94.3K-405.4K-4.6K1.1187.47N/AN/A18202,4501,101
2023-07-24$12.11$12.5072.5%20.8%69.0%12.2%72.4%-1.4%13.3%4.3K-18.9K-4.3K0.0296.40N/AN/A4711,9651,060
2023-07-25$12.09$12.5071.1%20.4%68.6%11.3%69.7%0.6%-0.7%5.2K-34.3K-4.1K0.1992.65N/AN/A204392,0101,061
2023-07-26$12.06$12.5064.5%18.5%66.0%7.5%64.4%3.5%15.8%10.9K-177.4K-4.5K0.2088.88N/AN/A2552,2141,100
2023-07-27$11.74$12.5065.2%18.7%65.2%7.9%0.0%-1.5%-2.5%10.0K-18.9K-4.1K1.5085.80N/AN/A10152,2391,098
2023-07-28$12.18$12.5062.8%18.0%66.4%6.5%62.8%3.7%-0.2%11.3K-131.3K-4.2K0.0090.31N/AN/A1902,2401,103
2023-07-31$12.55$12.5063.9%18.3%66.9%7.1%64.4%1.7%-2.4%12.9K-251.1K-4.2K0.0084.25N/AN/A8902,2561,103