RLAY Options History — April 2025

In April 2025, RLAY traded between $1.94 and $3.46. ATM implied volatility averaged 155.6%, placing in the 29.9% IV rank vs the trailing year. The 30-day expected move averaged 37.9%. IV traded above realized volatility by 52.6% (HV 20d: 103.0%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 7.98.

Notable Days

  • 2025-04-30: Highest Volume — 303 contracts
  • 2025-04-30: Largest IV spike — 195.1% change
  • 2025-04-07: Highest IV Rank — 78.0%
  • 2025-04-16: Largest Expected Move — 73.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.64$1.94$3.46$2.50$3.46
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV155.6%61.4%350.3%108.3%187.4%
Expected Move37.9%17.6%73.9%25.3%53.7%
HV 20d103.0%87.2%111.6%91.2%108.8%
HV 60d88.9%85.5%93.2%89.9%93.2%
IV Rank29.9%6.6%78.0%18.2%37.7%
IV Percentile69.3%12.7%98.8%67.5%88.1%
Term Structure25.1%-63.7%98.9%0.7%40.1%
VWIV123.3%28.3%257.8%31.7%124.8%
Skew 25d23.6%-29.3%131.4%-29.3%131.4%
Skew 10d33.8%-26.4%177.2%13.3%177.2%
Call IV 25d121.8%53.3%177.6%166.7%105.8%
Put IV 25d145.4%112.4%237.2%137.4%237.2%
Bid-Ask Spread %157.85130.15178.52169.52175.21
Gamma HHI0.670.511.000.530.65
Net GEX2.3K-1.1K4.9K1.1K4.9K
Net DEX-79.8K-307.9K114.3K-1.2K-307.9K
Net VEX-938-1.6K-145-799-1.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.980.00120.000.020.00
Total Volume49.762030351303
Total OI3,966.8573,6394,1323,6394,132

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$2.50$0.00108.3%25.3%91.2%18.2%0.0%0.0%0.0%1.1K-1.2K-7990.02169.52N/AN/A5013,133506
2025-04-02$2.48$0.00280.7%37.6%90.5%60.8%0.0%0.0%0.0%40436.4K-4800.00150.46N/AN/A2303,183507
2025-04-03$2.29$0.00168.7%38.4%87.2%33.1%0.0%0.0%0.0%43437.2K-5510.00171.79N/AN/A303,193507
2025-04-04$2.04$0.00145.0%33.8%93.3%27.3%0.0%-29.3%0.0%1.2K-41.1K-891120.00173.05N/AN/A11203,195507
2025-04-07$2.00$0.00350.3%36.8%93.1%78.0%0.0%0.0%0.0%-313101.9K-1450.11146.24N/AN/A160183,195627
2025-04-08$1.94$2.50127.1%25.4%89.1%22.8%0.0%67.2%0.7%-27598.7K-1490.00144.31N/AN/A403,355631
2025-04-09$2.27$2.50142.9%41.0%106.8%26.8%0.0%26.4%0.0%1.9K-162.2K-1.4K0.00149.02N/AN/A503,359631
2025-04-10$2.21$2.50150.1%43.0%103.4%28.5%0.0%0.0%0.0%-1.1K114.3K-1900.00146.98N/AN/A003,364631
2025-04-11$2.40$2.5093.5%26.8%104.9%14.5%31.7%-25.5%98.9%3.2K-62.9K-1.1K0.00143.83N/AN/A4003,364631
2025-04-14$2.55$2.5081.2%23.3%108.2%11.5%28.3%27.9%-3.5%2.2K26.7K-3770.12170.56N/AN/A4153,404631
2025-04-15$2.75$2.50166.2%47.6%108.0%32.5%115.6%5.1%16.1%4.4K-176.3K-1.3K0.00172.06N/AN/A203,444636
2025-04-16$2.59$2.50257.8%73.9%108.5%55.1%257.8%-9.1%0.0%3.2K-123.3K-1.2K0.00130.15N/AN/A083,446636
2025-04-17$2.69$2.50187.8%53.8%109.9%37.8%187.8%0.0%8.0%781-4.8K-3520.00178.52N/AN/A023,446644
2025-04-21$2.79$2.50113.1%32.4%109.7%19.4%28.8%-8.8%91.8%3.8K-113.9K-1.0K0.00162.61N/AN/A5503,340631
2025-04-22$2.88$2.50216.9%62.2%110.3%45.0%0.0%-6.4%37.7%3.5K-115.2K-1.1K0.00141.14N/AN/A503,335631
2025-04-23$3.10$2.50211.5%60.6%111.6%43.7%211.5%44.5%8.8%3.9K-211.8K-1.4K14.45173.88N/AN/A111593,338631
2025-04-24$3.16$2.5083.6%24.0%111.2%12.1%0.0%63.3%38.6%3.7K-231.4K-1.5K0.00162.16N/AN/A003,339775
2025-04-25$3.15$2.5061.4%17.6%110.0%6.6%0.0%29.7%59.6%3.7K-166.5K-1.3K1.00141.67N/AN/A223,339775
2025-04-28$3.23$2.5070.0%20.1%102.7%8.7%0.0%38.1%-6.6%4.2K-222.4K-1.5K0.00141.79N/AN/A503,339777
2025-04-29$3.06$2.5063.5%18.2%104.8%7.1%0.0%-0.5%-63.7%3.3K-150.5K-1.3K0.00169.91N/AN/A2003,339777
2025-04-30$3.46$2.50187.4%53.7%108.8%37.7%124.8%131.4%40.1%4.9K-307.9K-1.6K0.00175.21N/AN/A30213,355777