RLAY Options History — August 2025

In August 2025, RLAY traded between $3.24 and $3.67. ATM implied volatility averaged 96.9%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 29.6%. IV traded above realized volatility by 43.2% (HV 20d: 53.7%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 4.51.

Notable Days

2025-08-22: Highest Volume — 264 contracts
2025-08-21: Largest IV spike — 346.1% change
2025-08-21: Highest IV Rank — 44.5%
2025-08-21: Largest Expected Move — 61.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.48	$3.24	$3.67	$3.38	$3.55
Max Pain	$2.50	$2.50	$2.50	$2.50	$2.50
ATM IV	96.9%	46.2%	214.6%	124.1%	61.8%
Expected Move	29.6%	13.3%	61.5%	35.6%	17.7%
HV 20d	53.7%	43.2%	60.5%	43.2%	59.9%
HV 60d	56.8%	55.1%	60.2%	58.2%	56.5%
IV Rank	15.4%	2.9%	44.5%	22.1%	6.7%
IV Percentile	45.5%	2.0%	93.3%	69.4%	13.9%
Term Structure	-26.3%	-185.0%	73.7%	-57.8%	-10.7%
VWIV	118.9%	55.1%	255.2%	86.9%	55.1%
Bid-Ask Spread %	153.64	88.64	180.84	156.82	168.09
Gamma HHI	0.58	0.41	0.70	0.54	0.48
Net GEX	269	-400	1.6K	1.1K	-59
Net DEX	-72.0K	-122.5K	-43.1K	-93.1K	-64.5K
Net VEX	-381	-700	-230	-468	-318
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.51	0.00	73.67	10.00	0.00
Total Volume	50.143	0	264	22	2
Total OI	2,498.524	1,701	3,314	2,906	1,862

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-08-01	$3.38	$2.50	124.1%	35.6%	43.2%	22.1%	86.9%	0.0%	-57.8%	1.1K	-93.1K	-468	10.00	156.82	N/A	N/A	2	20	2,535	371
2025-08-04	$3.67	$2.50	90.4%	49.4%	52.4%	13.8%	90.1%	0.0%	26.6%	1.6K	-119.6K	-522	73.67	129.74	N/A	N/A	3	221	2,536	391
2025-08-05	$3.58	$2.50	154.9%	27.0%	53.1%	29.7%	0.0%	0.0%	-6.1%	-274	-66.7K	-310	0.00	143.75	N/A	N/A	2	0	2,537	611
2025-08-06	$3.54	$2.50	93.6%	26.9%	49.1%	14.6%	113.2%	0.0%	49.9%	-241	-65.5K	-325	0.77	157.42	N/A	N/A	52	40	2,538	611
2025-08-07	$3.46	$2.50	94.8%	32.9%	49.3%	14.9%	0.0%	0.0%	51.2%	-258	-62.0K	-313	0.00	165.78	N/A	N/A	44	0	2,587	651
2025-08-08	$3.30	$2.50	91.6%	48.9%	50.2%	14.1%	255.2%	0.0%	-107.1%	-261	-57.1K	-372	1.00	138.79	N/A	N/A	2	2	2,591	651
2025-08-11	$3.24	$2.50	115.8%	32.4%	49.9%	20.0%	122.8%	0.0%	-122.3%	-264	-63.7K	-274	0.00	169.35	N/A	N/A	14	0	2,593	651
2025-08-12	$3.35	$2.50	144.4%	45.2%	50.8%	27.1%	0.0%	0.0%	13.0%	-335	-59.5K	-308	0.00	157.84	N/A	N/A	1	0	2,587	651
2025-08-13	$3.48	$2.50	144.9%	41.6%	52.4%	27.3%	125.8%	0.0%	-98.1%	1.1K	-102.4K	-573	0.00	169.75	N/A	N/A	100	0	2,587	651
2025-08-14	$3.38	$2.50	64.2%	18.4%	52.3%	7.3%	118.4%	0.0%	0.0%	-192	-84.5K	-230	0.00	164.95	N/A	N/A	110	0	2,613	651
2025-08-15	$3.54	$2.50	94.8%	27.2%	53.3%	14.9%	102.4%	0.0%	-27.4%	1.2K	-107.3K	-554	0.08	114.16	N/A	N/A	77	6	2,663	651
2025-08-18	$3.50	$2.50	84.2%	24.1%	52.6%	12.2%	0.0%	0.0%	-23.0%	541	-53.8K	-386	0.09	88.64	N/A	N/A	64	6	1,124	577
2025-08-19	$3.38	$2.50	46.2%	13.3%	53.1%	2.9%	0.0%	0.0%	73.7%	-269	-43.1K	-323	0.00	178.18	N/A	N/A	8	0	1,145	571
2025-08-20	$3.42	$2.50	48.1%	13.8%	52.6%	3.3%	0.0%	0.0%	10.5%	-400	-43.7K	-296	0.00	174.19	N/A	N/A	0	0	1,152	571
2025-08-21	$3.40	$2.50	214.6%	61.5%	52.2%	44.5%	0.0%	0.0%	-185.0%	1.1K	-122.5K	-700	0.00	180.84	N/A	N/A	0	0	1,152	571
2025-08-22	$3.67	$2.50	91.5%	26.2%	59.3%	14.0%	55.1%	0.0%	-62.3%	1.3K	-75.1K	-429	0.00	162.37	N/A	N/A	264	0	1,152	571
2025-08-25	$3.54	$2.50	56.4%	16.2%	60.5%	5.4%	0.0%	0.0%	4.1%	-195	-50.4K	-324	0.00	176.12	N/A	N/A	3	0	1,206	571
2025-08-26	$3.51	$2.50	94.4%	27.1%	59.8%	14.8%	0.0%	0.0%	-36.3%	960	-63.5K	-417	0.00	116.62	N/A	N/A	4	0	1,207	571
2025-08-27	$3.56	$2.50	59.4%	17.0%	60.0%	6.1%	0.0%	0.0%	-14.6%	-269	-53.6K	-286	0.00	174.32	N/A	N/A	4	0	1,207	571
2025-08-28	$3.67	$2.50	64.1%	18.4%	60.5%	7.3%	0.0%	0.0%	-3.3%	-246	-59.9K	-275	0.00	138.78	N/A	N/A	2	0	1,209	571
2025-08-29	$3.55	$2.50	61.8%	17.7%	59.9%	6.7%	0.0%	0.0%	-10.7%	-59	-64.5K	-318	0.00	168.09	N/A	N/A	2	0	1,291	571