RLAY Options History — January 2026

In January 2026, RLAY traded between $7.42 and $8.46. ATM implied volatility averaged 155.2%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 48.9%. IV traded above realized volatility by 106.3% (HV 20d: 48.9%). Max pain ranged from $8.00 to $8.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.24.

Notable Days

  • 2026-01-20: Highest Volume — 603 contracts
  • 2026-01-28: Largest IV spike — 258.8% change
  • 2026-01-12: Highest IV Rank — 51.9%
  • 2026-01-14: Largest Expected Move — 64.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.83$7.42$8.46$8.16$7.65
Max Pain$8.00$8.00$8.00$8.00$8.00
ATM IV155.2%54.0%250.2%76.9%197.4%
Expected Move48.9%15.5%64.8%22.0%56.6%
HV 20d48.9%35.6%64.8%49.5%64.1%
HV 60d66.7%61.1%74.3%74.3%68.0%
IV Rank27.7%2.0%51.9%7.8%38.5%
IV Percentile61.8%2.4%90.9%21.4%82.1%
Term Structure8.6%-78.5%84.1%44.0%84.1%
VWIV124.9%51.6%338.7%97.7%82.4%
Skew 25d61.4%-142.9%231.6%-24.2%-5.5%
Skew 10d19.2%-353.0%367.4%-227.2%-82.3%
Call IV 25d184.8%41.0%407.9%88.9%70.0%
Put IV 25d246.2%47.2%450.9%64.7%64.5%
Bid-Ask Spread %154.55144.80161.68146.30151.92
Gamma HHI0.590.190.930.890.51
Net GEX81.4K3.3K238.8K129.0K16.4K
Net DEX-2.1M-4.3M-243.4K-4.3M-714.1K
Net VEX-3.2K-6.0K-1.4K-6.0K-2.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.240.009.000.010.20
Total Volume1342603846
Total OI6,280.451,4849,8529,1472,433

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$8.16$8.0076.9%22.0%49.5%7.8%97.7%-24.2%44.0%129.0K-4.3M-6.0K0.01146.30N/AN/A8318,746401
2026-01-05$7.95$8.0077.9%52.5%50.2%8.1%71.7%227.8%6.8%135.1K-3.7M-5.6K1.30151.04N/AN/A771008,823401
2026-01-06$8.18$8.00146.3%45.0%49.2%25.5%119.4%101.0%26.8%148.1K-4.2M-5.5K0.29152.62N/AN/A2888,847501
2026-01-07$8.16$8.0082.4%45.3%49.2%9.2%0.0%109.7%4.3%177.3K-4.2M-5.2K0.03155.59N/AN/A10138,875510
2026-01-08$8.00$8.0092.7%53.4%49.9%11.8%204.1%-69.2%-21.9%169.9K-3.6M-5.0K3.47159.74N/AN/A381328,945513
2026-01-09$8.02$8.0089.7%49.4%49.8%11.1%0.0%49.6%9.5%151.1K-3.8M-4.8K0.38161.68N/AN/A26108,969645
2026-01-12$7.86$8.00250.2%43.8%50.0%51.9%117.4%80.4%-74.7%161.9K-3.3M-3.8K0.10157.63N/AN/A5968,961655
2026-01-13$7.90$8.00130.5%48.2%48.6%21.4%0.0%26.9%35.6%192.2K-3.2M-3.4K0.00157.96N/AN/A1708,994661
2026-01-14$8.09$8.00225.9%64.8%44.8%45.7%0.0%217.2%-78.5%238.8K-3.9M-3.0K7.14157.20N/AN/A282008,980661
2026-01-15$7.67$8.00198.2%56.8%48.0%38.6%338.7%2.4%-73.4%7.0K-282.3K-1.6K0.00159.05N/AN/A2208,991861
2026-01-16$7.42$8.00216.8%62.2%43.9%43.4%0.0%70.9%49.2%3.3K-243.4K-1.5K1.51160.54N/AN/A671018,972860
2026-01-20$7.46$8.0087.7%25.1%43.2%10.5%70.5%191.8%18.2%4.0K-611.8K-1.4K0.02150.74N/AN/A591121,258226
2026-01-21$7.54$8.00196.9%56.5%38.6%38.3%70.1%180.1%23.7%9.7K-791.2K-1.9K0.04155.50N/AN/A280121,808238
2026-01-22$7.65$8.00175.4%50.3%39.3%32.8%51.6%65.5%71.2%15.1K-878.7K-2.2K0.01154.06N/AN/A13422,140250
2026-01-23$7.51$8.00205.0%58.8%39.0%40.4%0.0%-142.9%20.6%7.4K-984.3K-2.4K0.00158.95N/AN/A202,138252
2026-01-26$7.55$8.00183.1%52.5%35.6%34.8%0.0%25.6%68.0%15.0K-839.4K-2.1K0.00155.43N/AN/A13102,140252
2026-01-27$8.46$8.0054.0%15.5%55.6%2.0%67.5%-85.2%-8.4%17.0K-1.2M-2.4K0.15144.80N/AN/A252372,269252
2026-01-28$7.67$8.00193.6%55.5%64.8%37.5%226.7%231.6%-38.0%12.7K-1.1M-2.4K9.00150.60N/AN/A6542,490287
2026-01-29$7.67$8.00223.7%64.1%64.8%45.1%106.1%-24.7%4.4%17.3K-620.2K-2.2K1.08149.62N/AN/A26282,063341
2026-01-30$7.65$8.00197.4%56.6%64.1%38.5%82.4%-5.5%84.1%16.4K-714.1K-2.4K0.20151.92N/AN/A512,064369