RLAY Options History — November 2023

In November 2023, RLAY traded between $6.81 and $8.67. ATM implied volatility averaged 96.2%, placing in the 23.4% IV rank vs the trailing year. The 30-day expected move averaged 26.9%. IV traded above realized volatility by 16.7% (HV 20d: 79.5%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.82.

Notable Days

  • 2023-11-17: Highest Volume — 56 contracts
  • 2023-11-09: Largest IV spike — 159.6% change
  • 2023-11-09: Highest IV Rank — 68.1%
  • 2023-11-09: Largest Expected Move — 55.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.94$6.81$8.67$6.81$7.79
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV96.2%65.5%194.9%118.5%90.1%
Expected Move26.9%18.8%55.9%34.0%25.8%
HV 20d79.5%68.5%95.0%91.1%71.8%
HV 60d71.6%66.0%73.9%66.0%72.5%
IV Rank23.4%9.5%68.1%33.5%20.6%
IV Percentile56.3%19.0%96.8%76.6%61.5%
Term Structure4.0%-42.8%67.9%-19.4%-20.7%
VWIV86.0%59.9%117.4%116.0%103.8%
Skew 25d35.2%-14.4%212.1%212.1%46.9%
Skew 10d82.9%-3.9%286.0%286.0%103.8%
Call IV 25d82.0%43.3%176.0%118.5%64.8%
Put IV 25d117.2%69.9%330.6%330.6%111.7%
Bid-Ask Spread %96.4887.80120.26105.52102.10
Gamma HHI0.730.280.800.800.77
Net GEX8.8K1.3K16.5K6.3K4.2K
Net DEX-121.2K-481.8K23.0K-27.6K11.8K
Net VEX-1.2K-2.1K-618-1.1K-632
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.005.000.000.50
Total Volume10.8105619
Total OI2,225.9051,6022,6112,5841,630

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$6.81$7.50118.5%34.0%91.1%33.5%116.0%212.1%-19.4%6.3K-27.6K-1.1K0.00105.52N/AN/A102,322262
2023-11-02$7.42$7.50103.2%22.9%95.0%26.5%0.0%-0.8%-2.1%8.7K-58.3K-1.2K0.1798.16N/AN/A612,322262
2023-11-03$7.54$7.50106.6%23.5%90.5%28.1%72.8%7.2%59.8%11.0K-145.7K-1.5K0.1193.92N/AN/A1922,328262
2023-11-06$8.11$7.5098.2%29.7%94.3%24.3%87.1%29.0%-17.6%16.5K-285.3K-1.7K1.7599.93N/AN/A472,346262
2023-11-07$8.13$7.50107.4%28.7%91.8%28.5%83.8%17.7%-26.7%15.0K-224.0K-1.6K0.0090.35N/AN/A2002,349262
2023-11-08$7.76$7.5075.0%21.5%93.0%13.8%0.0%8.3%50.6%13.2K-200.0K-1.6K0.0095.22N/AN/A002,339262
2023-11-09$7.53$7.50194.9%55.9%85.8%68.1%0.0%70.5%-42.8%10.5K-481.8K-2.1K0.00120.26N/AN/A002,340262
2023-11-10$7.67$7.5090.8%26.0%85.5%20.9%0.0%-10.4%12.3%11.5K-118.2K-1.3K0.0093.64N/AN/A702,340262
2023-11-13$7.75$7.5086.9%24.9%72.9%19.2%73.1%27.4%-3.4%11.5K-106.8K-1.2K0.0096.54N/AN/A102,347262
2023-11-14$8.27$7.5096.0%27.5%70.9%23.3%0.0%27.6%67.9%15.9K-353.1K-1.6K5.0094.63N/AN/A152,347262
2023-11-15$8.67$7.5082.8%23.8%68.5%17.3%86.1%-14.4%-34.8%7.8K-151.2K-1.2K1.8688.17N/AN/A7132,346264
2023-11-16$8.02$7.50173.5%49.7%73.5%58.4%117.4%80.5%14.2%1.3K-24.2K-7560.05106.28N/AN/A2212,347259
2023-11-17$8.57$7.5065.5%18.8%75.9%9.5%81.2%4.9%36.4%8.3K-155.5K-1.2K2.5095.53N/AN/A16402,350259
2023-11-20$8.45$7.5078.8%22.6%74.6%15.5%78.0%12.9%3.0%7.5K-54.1K-1.0K1.0087.80N/AN/A551,398233
2023-11-21$8.04$7.5070.6%20.2%75.9%11.8%59.9%0.2%31.9%6.3K-29.9K-9980.0089.15N/AN/A011,398238
2023-11-22$8.02$7.5066.5%19.1%73.4%9.9%0.0%2.9%0.1%5.4K-14.7K-8120.0093.63N/AN/A001,398204
2023-11-24$8.09$7.5072.1%20.7%72.4%12.5%0.0%63.5%22.5%6.0K-39.1K-9180.0089.74N/AN/A001,398204
2023-11-27$7.87$7.5073.9%21.2%71.4%13.3%73.4%85.0%-10.0%4.1K23.0K-6180.1795.63N/AN/A611,398204
2023-11-28$8.18$7.5074.2%21.3%71.6%13.4%0.0%18.5%-25.9%6.2K-33.1K-7920.0090.95N/AN/A101,403205
2023-11-29$8.07$7.5094.6%27.1%70.5%22.6%0.0%50.1%-10.6%7.3K-77.0K-8760.0098.85N/AN/A2601,403205
2023-11-30$7.79$7.5090.1%25.8%71.8%20.6%103.8%46.9%-20.7%4.2K11.8K-6320.50102.10N/AN/A631,425205