RLAY Options History — December 2023

In December 2023, RLAY traded between $8.27 and $11.59. ATM implied volatility averaged 85.4%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 21.2%. IV traded above realized volatility by 21.8% (HV 20d: 63.6%). 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 0.97.

Notable Days

  • 2023-12-08: Highest Volume — 211 contracts
  • 2023-12-12: Largest IV spike — 124.1% change
  • 2023-12-12: Highest IV Rank — 71.3%
  • 2023-12-19: Largest Expected Move — 32.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.05$8.27$11.59$8.57$11.09
Max Pain$9.88$7.50$10.00$7.50$10.00
ATM IV85.4%51.0%201.9%64.5%77.8%
Expected Move21.2%13.9%32.9%18.5%22.3%
HV 20d63.6%52.7%74.8%73.3%52.7%
HV 60d76.0%74.9%76.9%75.4%74.9%
IV Rank18.5%2.9%71.3%9.1%15.1%
IV Percentile43.7%0.8%98.8%16.7%48.4%
Term Structure7.6%-53.2%94.8%24.2%-33.0%
VWIV75.6%41.4%99.8%68.7%46.8%
Skew 25d19.1%-43.0%107.3%29.9%30.8%
Skew 10d50.7%-4.8%189.8%44.1%18.6%
Call IV 25d70.3%35.0%171.0%65.7%35.0%
Put IV 25d89.3%26.7%278.4%95.6%65.8%
Bid-Ask Spread %105.6388.21119.53106.44106.32
Gamma HHI0.580.270.890.760.39
Net GEX7.1K1.0K20.5K8.0K3.0K
Net DEX-137.4K-258.8K-10.1K-71.5K-155.5K
Net VEX-820-1.1K-537-859-592
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.009.000.270.25
Total Volume36.8522111410
Total OI1,262.558661,6621,629866

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$8.57$7.5064.5%18.5%73.3%9.1%68.7%29.9%24.2%8.0K-71.5K-8590.27106.44N/AN/A1131,427202
2023-12-04$8.27$10.00121.0%23.7%74.8%34.6%97.5%25.8%-1.4%6.6K-92.4K-8670.00106.46N/AN/A201,431203
2023-12-05$8.50$10.0090.0%22.2%70.9%20.6%0.0%9.9%18.9%1.5K-10.1K-7010.00105.00N/AN/A071,429203
2023-12-06$9.05$10.00108.4%29.0%74.1%28.9%97.5%-2.2%-28.9%11.2K-165.5K-1.1K0.11106.27N/AN/A4451,429210
2023-12-07$9.30$10.0068.8%20.1%71.8%11.0%65.3%2.9%-4.9%20.5K-172.6K-9760.00106.08N/AN/A1201,442215
2023-12-08$9.39$10.00112.4%28.4%70.3%30.7%0.0%10.8%-12.4%14.8K-133.0K-9240.06107.58N/AN/A200111,442220
2023-12-11$9.50$10.0090.1%13.9%70.2%20.6%0.0%8.1%19.4%12.2K-120.2K-8180.2599.09N/AN/A411,267229
2023-12-12$9.50$10.00201.9%25.0%70.4%71.3%78.5%-3.1%-12.7%12.1K-96.2K-8480.06116.31N/AN/A1611,265230
2023-12-13$10.04$10.0059.6%17.1%69.4%6.8%0.0%22.8%-0.8%12.0K-242.2K-9200.00113.44N/AN/A20101,281230
2023-12-14$9.96$10.0057.1%16.4%68.2%5.7%60.9%20.6%94.8%12.4K-134.3K-8130.84119.53N/AN/A19161,141230
2023-12-15$10.18$10.0073.9%21.2%60.5%13.3%60.5%12.8%81.1%3.0K-258.8K-8710.00105.48N/AN/A3001,136215
2023-12-18$10.16$10.0078.5%22.5%57.1%15.3%92.1%-3.2%-17.6%2.8K-84.3K-8630.20114.23N/AN/A51725194
2023-12-19$10.75$10.00114.8%32.9%58.9%31.8%99.8%107.3%-53.2%1.0K-101.4K-5370.00102.98N/AN/A280727195
2023-12-20$10.61$10.0074.4%21.3%55.1%13.5%0.0%102.0%11.9%2.9K-103.2K-8640.80114.00N/AN/A54727195
2023-12-21$10.75$10.0057.5%16.5%54.8%5.9%41.4%-15.3%19.0%2.7K-110.4K-7800.0095.78N/AN/A20730199
2023-12-22$11.27$10.0088.1%25.3%55.9%19.7%0.0%-43.0%-14.2%3.7K-143.4K-8369.00102.52N/AN/A19732199
2023-12-26$11.59$10.0062.0%17.8%53.5%7.9%90.8%10.4%13.5%4.0K-194.2K-8561.6788.21N/AN/A1830732190
2023-12-27$11.30$10.0055.7%16.0%55.3%5.0%82.5%28.9%20.2%3.9K-173.2K-7445.0093.82N/AN/A525728160
2023-12-28$11.30$10.0051.0%14.6%54.5%2.9%46.8%25.0%28.4%3.9K-185.0K-6350.00102.99N/AN/A110727148
2023-12-29$11.09$10.0077.8%22.3%52.7%15.1%0.0%30.8%-33.0%3.0K-155.5K-5920.25106.32N/AN/A82718148