RLAY Options History — January 2025

In January 2025, RLAY traded between $3.84 and $4.94. ATM implied volatility averaged 87.3%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 27.8%. IV traded below realized volatility by 10.6% (HV 20d: 97.9%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.12.

Notable Days

  • 2025-01-21: Highest Volume — 3,353 contracts
  • 2025-01-10: Largest IV spike — 132.0% change
  • 2025-01-13: Highest IV Rank — 36.9%
  • 2025-01-07: Largest Expected Move — 81.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.56$3.84$4.94$4.28$4.49
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV87.3%59.5%156.8%77.7%59.5%
Expected Move27.8%17.1%81.6%22.3%17.1%
HV 20d97.9%76.2%111.8%78.9%106.6%
HV 60d75.0%60.3%82.8%60.3%82.2%
IV Rank15.9%7.5%36.9%13.0%7.5%
IV Percentile49.1%10.3%86.1%48.8%10.3%
Term Structure7.9%-172.6%380.3%380.3%27.1%
VWIV90.7%56.5%252.3%71.5%56.5%
Skew 25d6.7%-37.1%46.4%-4.7%17.7%
Skew 10d3.7%-59.8%73.9%-28.8%25.5%
Call IV 25d89.7%54.4%141.1%68.5%91.8%
Put IV 25d96.4%63.8%166.3%63.8%109.5%
Bid-Ask Spread %129.30100.21174.71125.27162.47
Gamma HHI0.870.680.950.900.95
Net GEX38.0K7.9K71.6K24.4K57.9K
Net DEX-1.2M-1.9M-548.5K-698.2K-1.1M
Net VEX-4.3K-5.6K-3.0K-3.3K-4.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.120.001.570.000.25
Total Volume613.3143,35315315
Total OI7,859.95,0759,7355,9038,979

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$4.28$5.0077.7%22.3%78.9%13.0%0.0%-4.7%380.3%24.4K-698.2K-3.3K0.00125.27N/AN/A15305,620283
2025-01-03$4.40$5.0087.0%24.9%79.5%15.8%71.5%2.7%4.4%35.7K-929.8K-3.6K0.00116.75N/AN/A42605,767253
2025-01-06$4.61$5.0093.5%49.6%80.6%17.8%252.3%8.6%-172.6%39.1K-1.1M-3.9K0.00147.19N/AN/A67906,169253
2025-01-07$4.58$5.0070.0%81.6%76.2%10.7%65.9%32.2%-82.4%43.7K-1.0M-3.8K0.00174.71N/AN/A33806,661253
2025-01-08$4.84$5.0064.1%21.3%78.5%8.9%0.0%14.7%-3.0%71.6K-1.4M-4.4K0.00155.01N/AN/A33006,999253
2025-01-10$4.29$5.00148.7%27.0%87.7%34.4%86.9%-29.4%-30.4%9.3K-612.2K-3.0K0.01156.22N/AN/A1,752117,250253
2025-01-13$4.84$5.00156.8%27.4%87.7%36.9%95.2%-27.5%-3.4%59.1K-1.6M-4.3K0.01127.00N/AN/A49638,118262
2025-01-14$4.33$5.00100.3%29.9%94.4%19.8%0.0%-37.1%-13.0%11.1K-677.1K-3.2K0.00109.21N/AN/A26218,334264
2025-01-15$3.84$5.00123.8%35.5%102.9%26.9%123.9%-10.3%4.5%7.9K-548.5K-3.0K1.57117.49N/AN/A1111748,410265
2025-01-16$4.31$5.0081.1%23.2%111.8%14.0%64.8%-29.2%19.4%12.2K-634.7K-3.3K0.19121.39N/AN/A1,0272008,509438
2025-01-17$4.46$5.0089.2%25.6%110.4%16.5%89.9%0.8%-1.3%16.4K-766.2K-3.7K0.02109.76N/AN/A26969,097638
2025-01-21$4.63$5.0067.9%19.5%106.6%10.0%86.1%46.4%-16.0%19.8K-846.4K-3.8K0.02122.64N/AN/A3,303504,601474
2025-01-22$4.94$5.0072.7%20.8%108.3%11.5%72.7%24.9%-2.2%46.4K-1.7M-5.4K0.18100.21N/AN/A148267,081524
2025-01-23$4.94$5.0076.1%21.8%108.1%12.5%76.1%21.6%-2.6%44.0K-1.7M-5.4K0.00124.12N/AN/A69807,051548
2025-01-24$4.83$5.0087.1%25.0%108.3%15.8%87.9%22.5%-14.7%43.4K-1.8M-5.5K0.03108.11N/AN/A976337,577546
2025-01-27$4.78$5.0082.3%23.6%108.1%14.4%82.4%19.9%-2.3%52.2K-1.9M-5.4K0.00121.72N/AN/A52828,041525
2025-01-28$4.66$5.0075.6%21.7%107.8%12.4%72.2%21.5%18.8%56.3K-1.6M-5.6K0.05136.95N/AN/A209118,435527
2025-01-29$4.53$5.0068.4%19.6%108.3%10.2%0.0%17.5%45.9%51.5K-1.3M-5.0K0.00129.44N/AN/A1408,430539
2025-01-30$4.55$5.0063.4%18.2%107.0%8.7%67.5%21.5%0.8%57.8K-1.3M-5.1K0.07120.26N/AN/A1418,432539
2025-01-31$4.49$5.0059.5%17.1%106.6%7.5%56.5%17.7%27.1%57.9K-1.1M-4.7K0.25162.47N/AN/A1238,439540