RLAY Options History — February 2025

In February 2025, RLAY traded between $3.26 and $4.78. ATM implied volatility averaged 103.7%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 29.1%. IV traded above realized volatility by 26.7% (HV 20d: 77.0%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.63.

Notable Days

  • 2025-02-03: Highest Volume — 1,366 contracts
  • 2025-02-12: Largest IV spike — 95.3% change
  • 2025-02-12: Highest IV Rank — 47.5%
  • 2025-02-12: Largest Expected Move — 55.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.01$3.26$4.78$4.49$3.26
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV103.7%66.9%192.0%66.9%142.1%
Expected Move29.1%18.9%55.0%19.2%40.7%
HV 20d77.0%53.0%107.2%105.7%68.0%
HV 60d83.1%81.8%85.8%82.2%85.8%
IV Rank20.8%9.7%47.5%9.7%32.4%
IV Percentile65.9%20.2%91.3%20.2%82.9%
Term Structure55.3%-67.8%227.0%15.1%178.7%
VWIV95.4%63.2%187.0%66.3%79.3%
Skew 25d27.3%-27.4%68.0%45.8%-11.7%
Skew 10d31.7%-42.9%71.1%71.1%-10.9%
Call IV 25d86.7%62.0%114.6%71.6%95.8%
Put IV 25d114.0%57.6%158.7%117.4%84.1%
Bid-Ask Spread %116.1692.40146.46146.46118.60
Gamma HHI0.850.700.960.940.91
Net GEX27.1K5.8K70.3K56.1K13.6K
Net DEX-709.0K-1.9M-222.1K-1.1M-262.1K
Net VEX-3.7K-5.9K-2.2K-4.5K-2.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.008.960.050.00
Total Volume302.789341,3661,36634
Total OI10,741.8958,45813,4928,9929,111

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$4.49$5.0066.9%19.2%105.7%9.7%66.3%45.8%15.1%56.1K-1.1M-4.5K0.05146.46N/AN/A1,298688,450542
2025-02-04$4.63$5.0077.8%22.3%105.8%13.0%76.3%46.2%-8.2%70.3K-1.6M-5.8K0.00136.23N/AN/A26409,648610
2025-02-05$4.78$5.0084.6%24.3%105.1%15.1%84.4%37.1%27.5%68.4K-1.9M-5.9K0.00138.34N/AN/A26609,895610
2025-02-06$4.56$5.0081.4%18.9%106.5%14.1%65.9%41.2%1.2%68.7K-1.6M-5.5K0.9695.97N/AN/A19819010,179610
2025-02-07$4.25$5.0088.0%23.4%107.2%16.1%82.7%32.2%-5.9%48.7K-1.1M-5.1K0.05115.54N/AN/A63310,364860
2025-02-10$4.04$5.00143.3%24.5%99.9%32.8%85.5%0.0%-9.6%17.9K-535.4K-3.5K0.01118.62N/AN/A91110,427862
2025-02-11$3.75$5.0098.3%39.8%91.5%19.2%104.6%0.0%-67.8%13.9K-429.0K-3.2K0.34125.08N/AN/A1555210,493863
2025-02-12$3.75$5.00192.0%55.0%83.8%47.5%0.0%0.0%27.1%12.2K-679.6K-3.7K0.00132.23N/AN/A38010,546915
2025-02-13$3.90$5.0088.9%25.5%73.9%16.4%81.0%56.3%9.3%18.7K-517.4K-3.5K0.00123.14N/AN/A215010,579925
2025-02-14$4.00$5.00103.9%29.8%61.1%20.9%108.3%17.9%-19.2%16.3K-515.4K-3.5K0.32109.41N/AN/A1575010,805925
2025-02-18$3.99$5.00107.6%30.8%59.5%22.0%86.6%68.0%6.8%21.4K-601.5K-3.7K0.05118.39N/AN/A3031610,925975
2025-02-19$4.13$5.00115.8%33.2%59.2%24.5%106.9%1.3%-20.3%6.9K-224.1K-2.5K0.0792.40N/AN/A1,2178011,2121,066
2025-02-20$4.08$5.0098.5%28.2%53.0%19.3%105.8%0.0%208.9%25.8K-752.3K-4.3K0.00110.53N/AN/A212012,3191,066
2025-02-21$3.95$5.00100.6%28.8%53.5%19.9%108.9%21.2%125.6%23.8K-709.2K-4.2K0.77103.08N/AN/A393012,4261,066
2025-02-24$3.88$5.0096.5%27.7%53.4%18.7%108.1%-27.4%137.0%6.8K-222.1K-2.3K0.37107.16N/AN/A136507,914544
2025-02-25$3.77$5.0083.6%24.0%53.8%14.8%63.2%0.0%161.9%5.8K-266.8K-2.4K0.00103.46N/AN/A24508,025593
2025-02-26$3.75$5.0080.7%23.1%53.6%13.9%117.1%0.0%227.0%6.1K-229.6K-2.2K0.00113.28N/AN/A4308,267593
2025-02-27$3.29$5.00119.8%34.4%68.3%25.7%187.0%-11.7%178.7%13.0K-261.1K-2.5K8.9699.07N/AN/A242158,293593
2025-02-28$3.26$5.00142.1%40.7%68.0%32.4%79.3%0.0%0.0%13.6K-262.1K-2.6K0.00118.60N/AN/A3408,318793