RLAY Options History — October 2025

In October 2025, RLAY traded between $5.26 and $7.55. ATM implied volatility averaged 147.6%, placing in the 27.9% IV rank vs the trailing year. The 30-day expected move averaged 46.9%. IV traded above realized volatility by 63.1% (HV 20d: 84.5%). Max pain ranged from $2.50 to $6.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.36.

Notable Days

  • 2025-10-09: Highest Volume — 5,333 contracts
  • 2025-10-03: Largest IV spike — 280.4% change
  • 2025-10-03: Highest IV Rank — 69.5%
  • 2025-10-03: Largest Expected Move — 90.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.50$5.26$7.55$5.26$7.20
Max Pain$4.41$2.50$6.00$2.50$6.00
ATM IV147.6%70.9%315.9%70.9%111.9%
Expected Move46.9%20.3%90.6%20.3%32.1%
HV 20d84.5%76.1%97.6%79.5%81.7%
HV 60d71.0%64.6%76.2%65.9%74.0%
IV Rank27.9%9.0%69.5%9.0%19.1%
IV Percentile64.7%24.2%96.8%24.2%58.3%
Term Structure26.1%-179.9%173.2%-17.0%-39.5%
VWIV116.6%85.0%212.2%86.6%100.7%
Skew 25d25.2%-315.2%189.9%-26.3%-17.4%
Skew 10d-43.0%-316.4%292.6%-54.7%-288.5%
Call IV 25d138.5%65.3%385.0%84.8%104.9%
Put IV 25d163.8%38.6%360.2%58.5%87.5%
Bid-Ask Spread %152.91117.61175.35163.84159.46
Gamma HHI0.420.300.710.670.35
Net GEX84.0K30.0K160.8K40.0K139.3K
Net DEX-4.4M-6.8M-1.7M-1.9M-6.2M
Net VEX-12.3K-15.2K-7.3K-7.7K-13.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.002.380.002.38
Total Volume421.565145,333126142
Total OI14,064.6968,75316,3778,83816,377

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$5.26$2.5070.9%20.3%79.5%9.0%86.6%-26.3%-17.0%40.0K-1.9M-7.7K0.00163.84N/AN/A12608,470368
2025-10-02$5.31$2.5083.0%23.8%78.6%12.0%108.3%-315.2%92.7%30.0K-2.0M-8.1K0.00162.85N/AN/A4508,396368
2025-10-03$5.46$2.50315.9%90.6%78.1%69.5%212.2%115.6%82.2%36.3K-1.7M-7.4K0.00175.35N/AN/A17908,400368
2025-10-06$5.63$3.0098.1%67.1%76.4%15.7%110.3%-7.3%49.6%39.3K-1.8M-7.3K0.00167.84N/AN/A1,73808,385368
2025-10-07$5.77$3.00229.6%54.7%76.4%48.2%124.3%52.9%-44.7%53.1K-2.2M-9.1K0.00171.39N/AN/A13909,915368
2025-10-08$6.04$3.0072.9%49.8%76.1%9.5%102.0%42.6%-21.8%51.1K-2.8M-9.9K0.00165.86N/AN/A61219,935368
2025-10-09$6.86$3.00233.5%35.3%84.9%49.1%161.2%178.8%-66.9%79.2K-4.0M-11.5K0.00141.41N/AN/A5,328510,455369
2025-10-10$6.46$5.00151.2%56.5%89.5%28.8%116.5%155.6%116.0%84.7K-4.9M-15.2K0.01159.18N/AN/A117115,629373
2025-10-13$6.19$5.00109.9%80.5%92.1%18.6%0.0%179.2%-28.4%80.1K-4.4M-14.5K0.00157.46N/AN/A28015,689373
2025-10-14$6.13$5.00147.8%61.0%92.5%28.0%123.3%116.9%118.4%73.4K-4.5M-13.8K0.05158.49N/AN/A85415,699373
2025-10-15$6.46$5.0092.8%26.6%91.6%14.4%107.3%6.4%154.7%79.6K-5.1M-14.3K0.00138.22N/AN/A14015,710377
2025-10-16$6.42$4.0087.1%25.0%85.2%13.0%0.0%-37.4%173.2%68.6K-5.3M-14.2K0.00159.26N/AN/A21015,713377
2025-10-17$6.35$4.00145.7%41.8%85.6%27.4%139.2%-4.1%127.1%71.9K-4.8M-13.6K0.00155.04N/AN/A114015,715377
2025-10-20$7.11$4.00173.2%49.7%92.1%34.2%89.7%-107.3%42.3%101.6K-5.4M-14.2K1.15144.29N/AN/A263015,271369
2025-10-21$7.02$4.00133.7%38.3%91.1%24.5%137.2%-7.1%16.2%107.8K-4.8M-13.4K0.00150.27N/AN/A46015,290399
2025-10-22$6.50$4.00130.0%37.3%97.6%23.6%134.1%-90.8%62.6%83.8K-3.9M-11.5K0.42141.48N/AN/A1536515,312399
2025-10-23$6.77$6.00253.0%72.5%96.2%53.9%95.7%-10.9%45.1%83.2K-4.9M-13.5K2.22147.36N/AN/A5412015,275634
2025-10-24$7.12$6.00129.7%37.2%79.3%23.5%99.1%90.0%-37.2%96.5K-5.9M-14.6K0.02129.58N/AN/A213415,305751
2025-10-27$7.31$6.00145.8%41.8%79.0%27.5%129.5%148.2%-50.0%108.9K-6.0M-13.9K0.11140.90N/AN/A1041115,497753
2025-10-28$7.55$6.00303.0%86.9%79.1%66.3%98.6%189.9%-179.9%118.0K-6.8M-14.6K0.00154.99N/AN/A60015,512764
2025-10-29$7.33$6.0091.3%26.2%80.9%14.0%88.1%-61.3%4.3%144.6K-6.1M-14.0K0.54117.61N/AN/A482615,530764
2025-10-30$7.29$6.0085.5%24.5%81.2%12.6%85.0%-10.5%0.5%160.8K-5.8M-14.0K1.47154.76N/AN/A152215,560788
2025-10-31$7.20$6.00111.9%32.1%81.7%19.1%100.7%-17.4%-39.5%139.3K-6.2M-13.6K2.38159.46N/AN/A4210015,567810