RLAY Options History — March 2025

In March 2025, RLAY traded between $2.67 and $3.63. ATM implied volatility averaged 170.4%, placing in the 38.1% IV rank vs the trailing year. The 30-day expected move averaged 40.5%. IV traded above realized volatility by 87.7% (HV 20d: 82.8%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.71.

Notable Days

  • 2025-03-20: Highest Volume — 393 contracts
  • 2025-03-19: Largest IV spike — 193.7% change
  • 2025-03-20: Highest IV Rank — 100.0%
  • 2025-03-07: Largest Expected Move — 90.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.21$2.67$3.63$3.10$2.67
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV170.4%51.8%439.4%112.7%147.4%
Expected Move40.5%20.6%90.9%32.3%32.4%
HV 20d82.8%69.0%93.2%69.0%90.4%
HV 60d86.9%83.7%89.8%86.3%89.8%
IV Rank38.1%5.2%100.0%23.6%27.9%
IV Percentile76.9%4.0%100.0%75.4%81.0%
Term Structure-123.3%-396.4%97.2%4.0%97.2%
VWIV116.0%70.0%212.5%112.7%70.0%
Skew 25d-114.9%-289.9%-20.8%-289.9%-33.9%
Skew 10d-134.4%-289.9%-55.8%-289.9%-57.5%
Call IV 25d218.0%88.6%461.9%461.9%103.6%
Put IV 25d103.2%67.9%172.0%172.0%69.6%
Bid-Ask Spread %133.89101.48185.54105.41153.00
Gamma HHI0.680.340.910.820.59
Net GEX3.9K-44010.8K10.1K2.1K
Net DEX-128.0K-306.0K150.7K-306.0K-58.3K
Net VEX-1.5K-2.3K-110-2.3K-982
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.710.0016.090.3612.63
Total Volume79039319109
Total OI7,695.3333,5449,8489,1473,545

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$3.10$5.00112.7%32.3%69.0%23.6%112.7%0.0%4.0%10.1K-306.0K-2.3K0.36105.41N/AN/A1458,354793
2025-03-04$3.21$5.00116.4%33.4%71.3%24.7%90.6%0.0%-28.5%10.8K-220.2K-2.3K0.01110.56N/AN/A18618,377798
2025-03-05$3.27$5.0076.2%21.9%70.3%12.6%0.0%0.0%15.4%-440150.7K-1100.00101.48N/AN/A1708,321799
2025-03-06$3.52$5.00146.5%42.0%75.6%33.8%0.0%0.0%39.9%5.4K-148.8K-2.1K0.00128.00N/AN/A308,338799
2025-03-07$3.41$5.00317.0%90.9%74.9%85.2%89.5%-289.9%45.9%4.9K-176.1K-2.2K0.00113.53N/AN/A13608,341799
2025-03-10$3.26$5.00154.9%44.4%72.9%36.3%125.8%0.0%-307.0%4.6K-134.2K-1.9K0.02120.11N/AN/A5718,468799
2025-03-11$3.42$5.00150.9%43.3%74.6%35.1%0.0%0.0%-255.2%5.1K-158.8K-2.1K0.00118.77N/AN/A008,525799
2025-03-12$3.63$5.00189.2%40.8%74.0%46.6%0.0%0.0%-82.4%5.7K-207.9K-2.3K0.00114.49N/AN/A9308,525799
2025-03-13$3.30$5.00129.8%37.2%81.1%28.7%0.0%0.0%-350.2%4.7K-200.7K-2.1K0.00117.03N/AN/A7808,618799
2025-03-14$3.54$5.00132.9%38.1%84.1%29.7%212.5%-20.8%-396.4%5.6K-264.9K-2.2K0.00104.81N/AN/A10908,697608
2025-03-17$3.58$5.0051.8%78.7%83.6%5.2%101.5%0.0%-130.1%5.8K-242.9K-2.0K0.00134.34N/AN/A708,805608
2025-03-18$3.23$5.0083.8%55.1%90.4%14.8%125.2%0.0%-356.8%4.2K-224.9K-1.9K1.22127.36N/AN/A9118,812608
2025-03-19$3.33$5.00246.2%44.8%90.2%63.9%70.0%0.0%-286.0%4.4K-264.3K-1.9K2.17121.72N/AN/A6138,819619
2025-03-20$3.26$0.00376.4%0.0%90.3%100.0%0.0%-33.9%0.0%4.4K-206.5K-1.8K16.09185.54N/AN/A233708,824632
2025-03-21$3.09$0.00439.4%0.0%91.2%100.0%0.0%0.0%0.0%3.8K-168.5K-1.7K1.71185.02N/AN/A7128,8461,002
2025-03-24$3.13$0.00170.5%24.9%91.6%33.6%0.0%0.0%-85.2%11232.8K-2270.00151.03N/AN/A6703,144419
2025-03-25$2.95$0.00136.2%32.9%93.0%25.1%0.0%0.0%-57.1%16744.2K-2440.00157.11N/AN/A4303,203419
2025-03-26$2.87$0.00133.4%24.7%93.2%24.4%0.0%0.0%36.8%-41649.1K-1510.01169.89N/AN/A7013,244419
2025-03-27$3.01$0.00173.0%20.6%84.4%34.2%0.0%0.0%97.2%5646.1K-2290.00169.29N/AN/A21003,314420
2025-03-28$2.71$0.0094.2%30.4%91.7%14.7%0.0%0.0%0.0%1.9K-28.5K-8850.00123.10N/AN/A103,124420
2025-03-31$2.67$0.00147.4%32.4%90.4%27.9%0.0%0.0%0.0%2.1K-58.3K-98212.63153.00N/AN/A81013,125420