RLAY Options History — July 2025

In July 2025, RLAY traded between $3.51 and $3.80. ATM implied volatility averaged 137.3%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 38.9%. IV traded above realized volatility by 81.6% (HV 20d: 55.6%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.03.

Notable Days

  • 2025-07-24: Highest Volume — 1,104 contracts
  • 2025-07-30: Largest IV spike — 325.0% change
  • 2025-07-30: Highest IV Rank — 66.5%
  • 2025-07-30: Largest Expected Move — 87.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.64$3.51$3.80$3.51$3.52
Max Pain$3.64$2.50$5.00$2.50$2.50
ATM IV137.3%63.5%303.8%67.1%146.5%
Expected Move38.9%18.2%87.1%19.2%42.0%
HV 20d55.6%41.1%67.4%66.8%41.3%
HV 60d66.8%58.1%80.8%80.8%58.3%
IV Rank25.4%7.1%66.5%8.0%27.6%
IV Percentile63.7%15.5%97.6%17.9%79.0%
Term Structure-33.0%-290.1%62.6%62.6%-104.8%
VWIV119.5%54.2%229.9%54.2%75.0%
Bid-Ask Spread %152.3677.99181.82168.51139.09
Gamma HHI0.420.340.580.430.53
Net GEX664-1421.6K-1421.4K
Net DEX-101.2K-125.4K-61.5K-61.5K-110.1K
Net VEX-408-503-251-261-498
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.030.000.270.000.00
Total Volume115.63601,104140
Total OI1,668.5911,1292,9061,1292,906

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$3.51$2.5067.1%19.2%66.8%8.0%0.0%0.0%62.6%-142-61.5K-2610.00168.51N/AN/A140758371
2025-07-02$3.58$2.5071.8%20.6%66.0%9.2%0.0%0.0%-64.4%-88-64.1K-2540.00167.64N/AN/A70760371
2025-07-03$3.63$5.0094.4%0.0%65.9%14.8%0.0%0.0%-290.1%-48-67.5K-2510.27167.85N/AN/A113767371
2025-07-07$3.56$5.00178.4%0.0%66.4%35.5%0.0%0.0%11.0%160-75.5K-3300.00173.91N/AN/A1200836372
2025-07-08$3.60$5.0091.7%19.8%65.2%14.1%0.0%0.0%6.8%187-100.5K-3660.10151.16N/AN/A303954372
2025-07-09$3.80$5.00144.2%41.3%67.4%27.1%0.0%0.0%18.6%614-121.7K-4390.13169.23N/AN/A314958371
2025-07-10$3.73$5.0074.4%21.3%65.9%9.8%0.0%0.0%29.1%650-117.4K-4650.00169.09N/AN/A00969375
2025-07-11$3.59$5.00146.0%0.0%66.0%27.5%0.0%0.0%26.4%391-102.7K-4290.00177.99N/AN/A120969375
2025-07-14$3.65$5.00199.4%57.2%65.9%40.7%0.0%0.0%33.4%402-103.4K-4090.00181.82N/AN/A00981375
2025-07-15$3.54$5.0063.5%18.2%63.0%7.1%0.0%0.0%50.9%367-99.5K-4180.00154.43N/AN/A00981375
2025-07-16$3.60$5.00204.3%58.6%63.0%41.9%54.2%0.0%32.2%368-100.3K-4020.00169.72N/AN/A1210981375
2025-07-17$3.69$5.00229.9%65.9%57.6%48.2%229.9%0.0%-145.1%431-100.4K-3980.00162.84N/AN/A3001,031375
2025-07-18$3.54$2.50133.0%0.0%51.0%24.3%130.1%0.0%-25.6%379-95.0K-4090.00157.61N/AN/A37501,036375
2025-07-21$3.63$2.50197.2%56.5%45.0%40.2%0.0%0.0%-65.8%667-97.2K-4050.00163.54N/AN/A00955371
2025-07-22$3.71$2.50179.3%51.4%45.0%35.7%0.0%0.0%-205.2%776-105.0K-3900.00140.17N/AN/A1000955371
2025-07-23$3.79$2.5096.5%27.7%44.7%15.3%99.1%0.0%-27.7%1.3K-119.3K-4760.00136.94N/AN/A29601,055371
2025-07-24$3.71$2.50124.4%35.7%45.0%22.2%183.5%0.0%-106.9%1.1K-115.3K-4580.0077.99N/AN/A1,10401,346371
2025-07-25$3.77$2.50130.0%37.3%45.0%23.6%0.0%0.0%16.4%1.6K-125.4K-4700.0080.91N/AN/A702,380371
2025-07-28$3.73$2.5072.8%20.9%45.2%9.4%64.6%0.0%32.5%1.5K-123.5K-5030.00137.66N/AN/A18902,384371
2025-07-29$3.63$2.5071.5%20.5%41.1%9.1%0.0%0.0%-30.9%1.4K-108.5K-4580.00141.67N/AN/A1602,462371
2025-07-30$3.59$2.50303.8%87.1%41.3%66.5%75.0%0.0%20.6%1.3K-112.5K-4810.00162.05N/AN/A7102,464371
2025-07-31$3.52$2.50146.5%42.0%41.3%27.6%0.0%0.0%-104.8%1.4K-110.1K-4980.00139.09N/AN/A002,535371