RLAY Options History — September 2023

In September 2023, RLAY traded between $8.21 and $10.98. ATM implied volatility averaged 80.6%, placing in the 20.2% IV rank vs the trailing year. The 30-day expected move averaged 22.2%. IV traded above realized volatility by 28.7% (HV 20d: 51.9%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.56.

Notable Days

  • 2023-09-22: Highest Volume — 885 contracts
  • 2023-09-12: Largest IV spike — 107.2% change
  • 2023-09-27: Highest IV Rank — 64.0%
  • 2023-09-27: Largest Expected Move — 45.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.28$8.21$10.98$10.98$8.39
Max Pain$9.38$7.50$10.00$10.00$7.50
ATM IV80.6%50.1%158.6%156.7%60.1%
Expected Move22.2%14.4%45.5%44.9%17.2%
HV 20d51.9%44.1%67.7%67.7%44.7%
HV 60d60.7%56.3%63.0%62.8%56.3%
IV Rank20.2%3.1%64.0%62.9%8.7%
IV Percentile32.9%0.4%92.9%90.5%9.1%
Term Structure-3.5%-210.5%109.7%-210.5%12.3%
VWIV77.3%49.2%246.2%246.2%71.1%
Skew 25d25.6%-35.7%217.6%31.0%217.6%
Skew 10d57.7%-34.0%229.2%71.1%229.2%
Call IV 25d70.3%49.2%118.5%53.2%84.8%
Put IV 25d95.9%49.1%302.4%84.2%302.4%
Bid-Ask Spread %87.7562.03107.97101.2177.87
Gamma HHI0.580.300.790.300.79
Net GEX10.3K5.0K14.7K9.3K14.7K
Net DEX-348.3K-658.6K-55.9K-658.6K-408.8K
Net VEX-2.7K-3.8K-2.2K-3.8K-2.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.002.500.000.43
Total Volume65.608851233
Total OI2,470.351,4763,1303,1192,381

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$10.98$10.00156.7%44.9%67.7%62.9%246.2%31.0%-210.5%9.3K-658.6K-3.8K0.00101.21N/AN/A1202,134985
2023-09-05$10.57$7.5077.8%22.3%60.8%18.6%65.3%10.9%12.2%9.8K-430.0K-3.3K0.6093.39N/AN/A532,137985
2023-09-06$10.13$7.5057.0%18.3%52.9%7.0%0.0%1.6%10.7%11.4K-250.8K-3.0K0.0780.88N/AN/A2722,142988
2023-09-07$10.13$7.5081.7%19.3%52.8%20.8%0.0%-35.7%-2.0%12.6K-507.9K-3.0K0.11107.97N/AN/A1822,164789
2023-09-08$9.71$7.5060.2%19.0%54.3%8.8%0.0%-21.9%-25.2%10.7K-347.8K-2.9K0.0090.91N/AN/A002,154791
2023-09-11$9.82$10.0064.4%20.3%54.6%11.1%70.6%0.4%-18.5%13.0K-333.3K-2.7K0.1789.32N/AN/A1832,154780
2023-09-12$9.82$10.00133.4%19.2%52.8%49.8%67.3%3.2%3.0%13.1K-240.4K-2.6K1.2599.35N/AN/A452,165777
2023-09-13$9.54$10.0064.2%18.4%50.6%11.0%61.2%31.4%-6.0%8.2K-331.4K-2.7K0.79101.72N/AN/A14112,168778
2023-09-14$9.61$10.0061.1%17.5%50.7%9.3%61.1%90.2%-23.3%8.1K-55.9K-2.4K1.34100.28N/AN/A32432,175776
2023-09-15$9.23$10.0068.6%19.7%52.0%13.5%56.2%-1.7%-13.2%6.8K-119.8K-2.4K0.7796.44N/AN/A13102,174737
2023-09-18$8.93$10.0061.6%17.7%51.6%9.6%66.5%18.4%109.7%7.1K-287.1K-2.2K0.2698.77N/AN/A39101,258218
2023-09-19$9.25$10.0050.1%14.4%53.7%3.1%49.2%10.2%5.4%7.6K-293.6K-2.3K0.0486.94N/AN/A4921,275221
2023-09-20$8.84$10.0058.1%16.7%55.3%7.6%51.4%3.1%-0.1%6.6K-316.8K-2.3K0.7188.58N/AN/A751,321218
2023-09-21$8.68$10.0068.0%19.5%53.8%13.1%63.4%1.7%73.8%6.6K-218.2K-2.2K0.00100.62N/AN/A901,328222
2023-09-22$8.64$10.0080.9%23.2%48.0%20.4%67.7%8.8%9.0%5.0K-391.0K-2.2K0.0274.04N/AN/A866191,329222
2023-09-25$8.45$10.0072.4%20.7%47.0%15.6%77.9%3.4%22.0%13.6K-479.1K-3.0K2.5066.90N/AN/A252,149212
2023-09-26$8.36$10.00106.8%30.6%45.8%34.9%84.2%9.6%-30.7%14.0K-428.9K-2.9K0.0065.66N/AN/A022,147217
2023-09-27$8.21$10.00158.6%45.5%44.1%64.0%0.0%128.8%-7.4%14.0K-432.3K-2.9K0.8072.20N/AN/A542,147217
2023-09-28$8.26$10.0070.8%20.3%44.2%14.7%71.1%0.9%9.6%14.3K-434.2K-2.8K0.2262.03N/AN/A2762,151221
2023-09-29$8.39$7.5060.1%17.2%44.7%8.7%0.0%217.6%12.3%14.7K-408.8K-2.9K0.4377.87N/AN/A23102,154227