RLAY Options History — March 2024

In March 2024, RLAY traded between $7.50 and $10.34. ATM implied volatility averaged 85.0%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 20.7%. IV traded above realized volatility by 18.2% (HV 20d: 66.8%). 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 14 of 20 days. Put/call ratio averaged 15.60.

Notable Days

2024-03-07: Highest Volume — 286 contracts
2024-03-07: Largest IV spike — 146.8% change
2024-03-12: Highest IV Rank — 65.8%
2024-03-14: Largest Expected Move — 26.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.79	$7.50	$10.34	$10.02	$8.34
Max Pain	$8.88	$7.50	$10.00	$10.00	$7.50
ATM IV	85.0%	62.9%	189.8%	75.4%	75.6%
Expected Move	20.7%	16.6%	26.6%	21.6%	21.7%
HV 20d	66.8%	60.6%	73.4%	68.0%	69.0%
HV 60d	57.5%	53.2%	61.6%	54.7%	60.5%
IV Rank	18.3%	8.3%	65.8%	14.0%	14.1%
IV Percentile	51.2%	19.0%	97.2%	53.2%	57.9%
Term Structure	8.7%	-28.5%	174.7%	-10.8%	1.7%
VWIV	77.2%	64.3%	108.9%	69.6%	90.4%
Skew 25d	21.5%	-25.5%	193.7%	7.8%	-25.5%
Skew 10d	55.0%	-9.5%	337.3%	11.2%	-7.3%
Call IV 25d	72.5%	47.2%	97.7%	63.3%	87.8%
Put IV 25d	94.0%	62.3%	266.2%	71.1%	62.3%
Bid-Ask Spread %	108.03	91.28	128.82	118.18	111.74
Gamma HHI	0.42	0.36	0.56	0.41	0.40
Net GEX	2.0K	463	5.0K	5.0K	1.4K
Net DEX	-44.5K	-224.3K	74.7K	-147.7K	-27.1K
Net VEX	-740	-985	-524	-980	-748
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	15.60	0.00	285.00	0.83	0.44
Total Volume	40.75	1	286	97	49
Total OI	788.5	506	1,124	737	648

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-03-01	$10.02	$10.00	75.4%	21.6%	68.0%	14.0%	69.6%	7.8%	-10.8%	5.0K	-147.7K	-980	0.83	118.18	N/A	N/A	53	44	559	178
2024-03-04	$10.08	$10.00	73.8%	18.9%	67.9%	13.2%	0.0%	17.4%	7.1%	4.2K	-121.7K	-966	0.89	98.22	N/A	N/A	9	8	577	220
2024-03-05	$9.91	$10.00	64.3%	18.5%	66.7%	8.9%	0.0%	4.3%	6.5%	3.9K	-103.5K	-959	0.00	102.12	N/A	N/A	1	0	581	228
2024-03-06	$10.30	$10.00	66.8%	21.0%	66.2%	10.1%	76.9%	-1.2%	1.7%	4.0K	-154.3K	-985	0.83	95.94	N/A	N/A	12	10	581	238
2024-03-07	$10.25	$10.00	164.8%	18.2%	64.7%	54.4%	0.0%	1.3%	4.8%	1.5K	-224.3K	-849	285.00	97.88	N/A	N/A	1	285	591	238
2024-03-08	$10.34	$10.00	62.9%	18.5%	64.7%	8.3%	64.3%	6.3%	9.5%	4.2K	-160.5K	-969	7.10	102.20	N/A	N/A	10	71	592	519
2024-03-11	$9.54	$10.00	95.0%	20.9%	71.4%	22.8%	75.9%	-4.0%	2.3%	3.0K	-59.9K	-858	0.00	108.39	N/A	N/A	44	0	592	520
2024-03-12	$9.39	$10.00	189.8%	16.6%	69.9%	65.8%	0.0%	6.5%	11.9%	2.9K	-40.3K	-818	0.33	102.26	N/A	N/A	6	2	599	520
2024-03-13	$9.13	$10.00	66.5%	19.1%	67.9%	9.9%	73.4%	-1.9%	4.1%	1.1K	45.8K	-716	0.17	91.28	N/A	N/A	24	4	605	519
2024-03-14	$8.11	$10.00	92.7%	26.6%	73.4%	21.8%	79.7%	30.8%	-15.0%	629	74.7K	-547	0.41	93.90	N/A	N/A	17	7	600	514
2024-03-15	$8.00	$10.00	68.2%	19.6%	62.7%	10.7%	72.7%	37.4%	7.2%	495	6.5K	-585	0.00	128.82	N/A	N/A	1	0	607	443
2024-03-18	$7.50	$7.50	66.5%	19.1%	64.7%	9.9%	66.5%	193.7%	7.6%	463	20.1K	-524	0.07	101.04	N/A	N/A	15	1	358	148
2024-03-19	$7.75	$7.50	74.9%	21.5%	67.1%	13.8%	75.0%	11.7%	0.4%	594	18.4K	-547	0.00	113.52	N/A	N/A	12	0	373	149
2024-03-20	$7.97	$7.50	74.5%	21.4%	68.8%	13.6%	68.5%	28.6%	-6.9%	676	13.0K	-569	0.29	118.95	N/A	N/A	14	4	380	149
2024-03-21	$8.11	$7.50	90.0%	25.8%	68.7%	20.6%	108.9%	23.9%	-28.5%	861	-1.6K	-614	0.00	120.82	N/A	N/A	31	0	387	153
2024-03-22	$7.81	$7.50	78.8%	22.6%	64.1%	15.5%	79.7%	17.4%	-9.7%	909	2.1K	-610	0.00	115.16	N/A	N/A	1	0	416	153
2024-03-25	$7.62	$7.50	87.5%	25.1%	61.7%	19.5%	79.1%	53.6%	-3.9%	793	9.1K	-572	0.00	114.16	N/A	N/A	50	0	417	153
2024-03-26	$7.55	$7.50	66.5%	19.1%	60.6%	9.9%	0.0%	32.4%	8.8%	1.2K	-2.7K	-598	0.00	112.15	N/A	N/A	0	27	466	153
2024-03-27	$8.07	$7.50	64.9%	18.6%	67.2%	9.2%	0.0%	-10.3%	174.7%	1.4K	-35.4K	-780	0.00	113.95	N/A	N/A	2	0	466	180
2024-03-28	$8.34	$7.50	75.6%	21.7%	69.0%	14.1%	90.4%	-25.5%	1.7%	1.4K	-27.1K	-748	0.44	111.74	N/A	N/A	34	15	468	180