RLAY Options History — February 2026

In February 2026, RLAY traded between $8.11 and $10.25. ATM implied volatility averaged 177.7%, placing in the 33.5% IV rank vs the trailing year. The 30-day expected move averaged 46.4%. IV traded above realized volatility by 103.4% (HV 20d: 74.3%). Max pain ranged from $6.00 to $8.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.93.

Notable Days

  • 2026-02-27: Highest Volume — 865 contracts
  • 2026-02-11: Largest IV drop — 43.9% change
  • 2026-02-10: Highest IV Rank — 57.5%
  • 2026-02-02: Largest Expected Move — 63.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.92$8.11$10.25$8.23$10.25
Max Pain$6.32$6.00$8.00$8.00$6.00
ATM IV177.7%107.6%272.3%221.1%135.4%
Expected Move46.4%30.8%63.4%63.4%38.8%
HV 20d74.3%58.0%80.2%68.6%65.6%
HV 60d67.0%58.2%70.9%69.5%60.6%
IV Rank33.5%15.6%57.5%44.5%22.7%
IV Percentile72.0%43.3%93.3%88.1%54.8%
Term Structure62.4%-1.7%123.4%50.4%63.9%
VWIV76.7%47.3%110.0%85.0%95.2%
Skew 25d-26.0%-216.3%222.7%222.7%-216.3%
Skew 10d-55.7%-283.0%142.2%48.0%-253.0%
Call IV 25d206.4%75.7%308.4%75.7%308.4%
Put IV 25d180.4%46.2%345.0%298.4%92.1%
Bid-Ask Spread %149.08127.07159.32145.25127.07
Gamma HHI0.370.280.720.490.29
Net GEX20.9K11.1K36.9K21.4K14.6K
Net DEX-1.4M-1.9M-928.9K-928.9K-1.6M
Net VEX-2.4K-2.9K-2.0K-2.4K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.0012.500.570.02
Total Volume142.105386533865
Total OI2,784.4741,9843,3862,4382,478

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$8.23$8.00221.1%63.4%68.6%44.5%85.0%222.7%50.4%21.4K-928.9K-2.4K0.57145.25N/AN/A21122,068370
2026-02-03$8.60$8.00198.2%56.8%69.5%38.7%57.8%-186.5%10.2%22.6K-1.1M-2.2K0.00151.47N/AN/A14102,080382
2026-02-04$8.52$8.00201.2%57.7%69.0%39.4%53.7%-32.3%21.3%27.2K-1.1M-2.3K0.00150.79N/AN/A702,204382
2026-02-05$8.11$6.00166.2%46.0%71.4%30.5%0.0%44.3%-1.7%11.7K-981.2K-2.5K12.50159.32N/AN/A4502,208382
2026-02-06$8.89$6.00223.4%41.2%78.0%45.1%0.0%-17.1%58.7%23.7K-1.3M-2.3K4.14150.39N/AN/A7292,210432
2026-02-09$8.61$6.00254.5%42.7%79.1%53.0%76.8%-1.3%61.0%21.9K-1.2M-2.3K0.17150.20N/AN/A2342,215461
2026-02-10$8.98$6.00272.3%46.6%79.8%57.5%92.8%-0.8%32.9%21.9K-1.3M-2.2K0.00152.67N/AN/A73302,224465
2026-02-11$9.04$6.00152.8%43.8%79.7%27.1%69.2%12.4%55.6%22.8K-1.7M-2.9K0.00157.38N/AN/A1302,894465
2026-02-12$8.82$6.00159.8%45.8%80.2%28.9%0.0%90.7%47.6%19.6K-1.6M-2.9K0.00156.30N/AN/A302,906465
2026-02-13$8.94$6.00161.1%46.2%77.3%29.2%81.3%-34.1%26.3%20.4K-1.6M-2.9K0.00150.82N/AN/A2102,908465
2026-02-17$9.25$6.00172.0%49.3%76.3%32.0%0.0%-35.9%49.6%29.8K-1.9M-2.2K0.00144.55N/AN/A602,916465
2026-02-18$9.15$6.00159.9%45.9%76.7%28.9%82.2%-28.1%69.6%27.8K-1.7M-2.5K0.00156.25N/AN/A802,917465
2026-02-19$8.87$6.00173.3%49.7%78.0%32.3%55.5%-12.9%110.6%36.9K-1.6M-2.2K0.00148.85N/AN/A602,918465
2026-02-20$8.70$6.00178.2%51.1%78.6%33.6%78.7%-119.7%110.8%12.0K-1.5M-2.1K0.04144.12N/AN/A7232,921465
2026-02-23$8.85$6.00183.3%52.6%78.1%34.9%47.3%-116.1%113.0%11.1K-949.4K-2.0K0.01143.22N/AN/A17111,740244
2026-02-24$9.27$6.00108.0%31.0%79.3%15.7%90.8%-188.4%104.6%16.7K-1.2M-2.2K0.00143.03N/AN/A2501,897245
2026-02-25$9.18$6.00148.7%42.6%69.4%26.1%110.0%93.7%76.9%14.0K-1.1M-2.2K0.21148.33N/AN/A285601,899245
2026-02-26$9.30$6.00107.6%30.8%58.0%15.6%74.6%31.8%123.4%21.6K-1.3M-2.6K0.01152.47N/AN/A12912,134305
2026-02-27$10.25$6.00135.4%38.8%65.6%22.7%95.2%-216.3%63.9%14.6K-1.6M-2.7K0.02127.07N/AN/A850152,173305