RYLD Options History — March 2023

In March 2023, RYLD traded between $17.51 and $19.37. ATM implied volatility averaged 17.6%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded below realized volatility by 0.3% (HV 20d: 17.9%). Max pain ranged from $17.00 to $19.00. Net GEX was positive for 15 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 1.04.

Notable Days

  • 2023-03-13: Highest Volume — 2,451 contracts
  • 2023-03-14: Largest IV spike — 300.2% change
  • 2023-03-14: Highest IV Rank — 100.0%
  • 2023-03-10: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.18$17.51$19.37$19.14$17.96
Max Pain$18.04$17.00$19.00$19.00$17.00
ATM IV17.6%9.3%105.4%9.3%12.2%
Expected Move3.5%1.8%6.2%2.7%3.5%
HV 20d17.9%10.5%22.1%10.7%21.3%
HV 60d12.8%10.0%14.4%10.3%14.4%
IV Rank16.7%6.8%100.0%9.4%9.2%
IV Percentile50.9%23.7%100.0%23.7%43.7%
Term Structure2.7%-17.2%73.2%2.3%-2.0%
VWIV13.6%7.2%18.2%11.2%12.2%
Skew 25d7.9%-0.5%19.1%1.8%-0.5%
Skew 10d13.5%-0.5%45.3%2.4%-0.5%
Call IV 25d10.8%6.9%15.4%9.0%11.2%
Put IV 25d18.7%10.7%29.3%10.8%10.7%
Bid-Ask Spread %82.2344.01128.5596.3874.61
Gamma HHI0.520.270.780.640.77
Net GEX51.0K-787.3K443.3K-418.6K443.3K
Net DEX23.7K-2.0M5.4M199.8K-2.0M
Net VEX-14.3K-18.4K-7.2K-15.8K-16.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.0012.260.140.06
Total Volume444.609322,45158246
Total OI7,152.3045,7818,1847,8057,378

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$19.14$19.009.3%2.7%10.7%9.4%11.2%1.8%2.3%-418.6K199.8K-15.8K0.1496.38N/AN/A5174,3773,428
2023-03-02$19.21$19.0012.2%3.5%10.5%13.5%12.2%19.1%-4.1%-204.7K79.9K-13.4K0.6886.03N/AN/A28194,4263,431
2023-03-03$19.37$19.0011.5%3.3%11.0%12.6%13.6%6.3%-0.8%-67.2K-1.6M-18.4K0.4594.25N/AN/A42194,4493,447
2023-03-06$19.23$18.0016.4%2.8%11.2%19.6%0.0%4.4%-2.3%-73.9K-151.2K-13.7K0.35124.78N/AN/A68244,4573,460
2023-03-07$19.09$19.0013.3%2.9%11.5%15.1%10.0%14.6%-4.0%-399.0K-109.1K-16.2K1.00128.55N/AN/A33334,4673,480
2023-03-08$19.07$19.0010.6%2.8%11.5%11.3%0.0%6.0%-3.0%-787.3K1.1M-12.9K0.1981.42N/AN/A226424,4703,492
2023-03-09$18.63$19.0019.3%1.8%13.9%23.8%7.2%13.3%0.6%-330.6K2.9M-14.8K2.7894.41N/AN/A591644,5273,528
2023-03-10$17.98$19.0016.4%6.2%18.3%19.5%16.9%5.7%-17.2%17.4K5.4M-7.3K12.26104.23N/AN/A1071,3124,5623,622
2023-03-13$17.84$19.0026.3%4.2%18.2%33.8%14.5%6.8%-0.8%-3.3K4.1M-7.2K1.2796.85N/AN/A1,0811,3704,6312,953
2023-03-14$18.04$19.00105.4%3.8%18.9%100.0%13.6%19.1%-0.2%169.4K-179.3K-10.9K0.68104.24N/AN/A19135,1491,084
2023-03-15$17.73$19.0016.0%4.6%19.3%12.9%18.2%12.6%-1.2%112.5K332.5K-10.7K0.1099.52N/AN/A1,0571025,1511,093
2023-03-16$18.06$18.0013.5%3.9%21.0%10.5%14.2%9.8%73.2%200.2K-794.2K-14.4K1.52103.69N/AN/A25385,5521,134
2023-03-17$17.63$18.0013.5%3.9%22.1%10.4%13.9%10.1%5.3%146.3K-192.5K-14.6K0.2791.71N/AN/A97265,5401,159
2023-03-20$17.56$18.0016.4%4.7%22.1%13.3%16.1%7.1%0.0%143.6K-221.3K-12.9K0.1762.36N/AN/A7291274,7701,011
2023-03-21$17.74$17.0013.6%3.9%21.4%10.6%13.9%9.5%0.6%191.3K-842.8K-15.2K1.1053.48N/AN/A60665,2121,018
2023-03-22$17.63$17.009.7%2.8%21.4%6.8%15.4%6.7%9.2%185.5K-518.6K-13.9K0.0058.88N/AN/A83945,2811,038
2023-03-23$17.51$17.0013.3%3.8%21.0%10.3%16.9%6.1%1.4%186.1K-607.3K-15.1K0.0685.36N/AN/A531325,4971,039
2023-03-24$17.59$17.0010.1%2.9%21.2%7.2%16.2%4.4%4.0%246.3K-622.2K-14.9K0.2457.34N/AN/A4221015,6151,066
2023-03-27$17.76$17.0012.8%3.7%21.5%9.8%12.3%5.7%3.0%267.1K-1.2M-16.8K0.0149.14N/AN/A30625,7931,166
2023-03-28$17.73$17.0011.9%3.4%21.3%9.0%13.8%2.7%-2.1%315.6K-1.2M-16.8K0.3053.79N/AN/A125385,9201,166
2023-03-29$17.86$17.0011.8%3.4%21.7%8.8%11.9%8.8%-0.5%404.0K-1.6M-17.0K0.2346.18N/AN/A270625,9781,199
2023-03-30$17.87$17.0010.2%2.9%21.6%7.2%10.4%1.9%0.4%428.6K-1.7M-17.9K0.0244.01N/AN/A20046,0341,253
2023-03-31$17.96$17.0012.2%3.5%21.3%9.2%12.2%-0.5%-2.0%443.3K-2.0M-16.9K0.0674.61N/AN/A232146,1231,255