RZLV Options History — October 2025

In October 2025, RZLV traded between $4.08 and $6.87. ATM implied volatility averaged 128.6%, placing in the 20.4% IV rank vs the trailing year. The 30-day expected move averaged 36.1%. IV traded above realized volatility by 1.8% (HV 20d: 126.8%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.21.

Notable Days

2025-10-01: Highest Volume — 89,230 contracts
2025-10-29: Largest IV spike — 103.1% change
2025-10-29: Highest IV Rank — 50.4%
2025-10-01: Largest Expected Move — 44.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.22	$4.08	$6.87	$5.17	$4.29
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	128.6%	98.4%	199.8%	149.4%	154.6%
Expected Move	36.1%	28.8%	44.7%	44.7%	31.0%
HV 20d	126.8%	85.8%	150.6%	136.2%	85.8%
HV 60d	111.6%	103.0%	114.5%	103.0%	114.5%
IV Rank	20.4%	7.7%	50.4%	29.2%	31.4%
IV Percentile	30.3%	2.5%	89.6%	62.2%	70.9%
Term Structure	3.9%	-12.6%	39.9%	10.9%	21.0%
VWIV	134.9%	116.3%	182.4%	182.4%	121.1%
Skew 25d	-23.1%	-72.2%	7.3%	-32.3%	-6.5%
Skew 10d	-2.9%	-123.9%	212.4%	-115.3%	42.9%
Call IV 25d	137.7%	108.3%	176.5%	176.5%	119.1%
Put IV 25d	114.6%	77.4%	145.9%	144.2%	112.7%
Bid-Ask Spread %	50.65	15.68	83.63	21.38	78.66
Gamma HHI	0.13	0.10	0.16	0.12	0.14
Net GEX	481.0K	275.9K	838.2K	488.4K	308.9K
Net DEX	-47.9M	-97.2M	-23.0M	-48.5M	-26.6M
Net VEX	-181.6K	-224.2K	-137.1K	-175.9K	-144.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.21	0.10	0.57	0.29	0.57
Total Volume	25,307.609	6,137	89,230	89,230	6,137
Total OI	264,827.609	221,314	298,774	285,673	240,319

Daily Data (23 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
2025-10-01	$5.17	$5.00	149.4%	44.7%	136.2%	29.2%	182.4%	-32.3%	10.9%	488.4K	-48.5M	-175.9K	0.29	21.38	N/A	N/A	69,366	19,864	235,671	50,002
2025-10-02	$6.33	$5.00	142.2%	43.5%	149.6%	26.2%	153.9%	-21.6%	12.3%	838.2K	-81.6M	-210.0K	0.24	17.75	N/A	N/A	44,668	10,642	242,200	49,486
2025-10-03	$6.87	$5.00	139.6%	43.1%	149.9%	25.1%	153.9%	-72.2%	-5.2%	742.6K	-97.2M	-224.2K	0.19	15.68	N/A	N/A	59,902	11,137	243,886	51,085
2025-10-06	$6.55	$5.00	121.5%	40.5%	150.6%	17.5%	148.1%	-61.5%	-12.0%	728.0K	-80.0M	-215.4K	0.24	29.68	N/A	N/A	35,029	8,383	229,517	39,100
2025-10-07	$6.29	$5.00	108.5%	39.6%	140.1%	12.0%	146.4%	-25.3%	18.1%	685.7K	-73.2M	-217.2K	0.10	34.08	N/A	N/A	28,512	2,825	237,497	43,967
2025-10-08	$6.21	$5.00	129.8%	38.2%	134.3%	20.9%	142.2%	-20.6%	-6.4%	659.6K	-70.9M	-217.1K	0.12	31.97	N/A	N/A	17,894	2,210	243,635	44,962
2025-10-09	$5.99	$5.00	136.9%	39.0%	127.4%	23.9%	141.1%	-19.1%	1.2%	622.6K	-65.6M	-213.5K	0.19	38.79	N/A	N/A	16,271	3,014	248,112	45,698
2025-10-10	$5.21	$5.00	135.5%	38.2%	135.8%	23.4%	149.5%	-22.1%	-9.1%	465.9K	-45.3M	-194.4K	0.18	42.01	N/A	N/A	25,643	4,662	251,861	46,643
2025-10-13	$5.42	$5.00	132.6%	38.7%	128.8%	22.1%	146.5%	-4.2%	4.1%	485.0K	-50.8M	-194.4K	0.13	47.22	N/A	N/A	19,688	2,607	239,467	41,700
2025-10-14	$5.53	$5.00	139.5%	38.8%	129.4%	25.0%	144.3%	0.0%	-10.5%	582.4K	-55.0M	-197.8K	0.32	53.16	N/A	N/A	15,160	4,834	246,604	41,854
2025-10-15	$5.46	$5.00	130.4%	36.3%	126.9%	21.2%	132.0%	-20.5%	5.4%	551.0K	-52.5M	-200.7K	0.12	55.45	N/A	N/A	11,926	1,425	250,616	44,743
2025-10-16	$5.04	$5.00	118.2%	35.5%	129.0%	16.0%	139.9%	-45.0%	9.8%	453.7K	-43.1M	-179.7K	0.10	50.31	N/A	N/A	27,952	2,714	253,129	45,032
2025-10-17	$4.91	$5.00	121.5%	34.8%	129.1%	17.4%	121.0%	-38.6%	5.6%	351.1K	-37.1M	-178.7K	0.32	49.95	N/A	N/A	12,279	3,968	254,580	44,194
2025-10-20	$4.87	$5.00	117.4%	33.3%	128.9%	15.7%	128.8%	-20.3%	-2.6%	351.6K	-37.4M	-175.2K	0.12	54.28	N/A	N/A	11,373	1,334	188,886	32,428
2025-10-21	$4.71	$5.00	111.4%	31.3%	120.1%	13.2%	124.2%	-9.3%	-1.1%	354.4K	-33.3M	-168.1K	0.17	52.46	N/A	N/A	11,507	1,945	193,992	32,782
2025-10-22	$4.30	$5.00	116.4%	33.4%	122.1%	15.3%	118.5%	-7.1%	3.1%	283.8K	-24.8M	-149.0K	0.15	78.58	N/A	N/A	18,104	2,794	195,604	33,250
2025-10-23	$4.38	$5.00	115.0%	33.1%	123.0%	14.7%	116.3%	-10.5%	-5.0%	327.9K	-27.9M	-151.4K	0.18	61.89	N/A	N/A	7,223	1,333	202,502	33,281
2025-10-24	$4.79	$5.00	119.8%	33.7%	124.8%	16.7%	117.3%	-9.9%	4.5%	379.5K	-35.5M	-166.3K	0.19	57.59	N/A	N/A	12,597	2,391	203,420	33,283
2025-10-27	$4.84	$5.00	112.2%	32.0%	117.1%	13.5%	116.4%	6.1%	2.3%	427.0K	-37.2M	-170.4K	0.15	61.47	N/A	N/A	13,757	2,004	194,459	31,829
2025-10-28	$4.46	$5.00	98.4%	29.8%	119.0%	7.7%	116.8%	7.3%	39.9%	375.9K	-29.2M	-151.0K	0.17	72.12	N/A	N/A	6,055	1,008	200,954	32,999
2025-10-29	$4.38	$5.00	199.8%	33.0%	118.2%	50.4%	122.5%	-63.2%	-12.6%	324.0K	-26.3M	-145.5K	0.19	83.63	N/A	N/A	9,213	1,780	202,607	32,914
2025-10-30	$4.08	$5.00	107.7%	28.8%	90.0%	11.6%	119.6%	-36.1%	16.3%	275.9K	-23.0M	-137.1K	0.40	76.88	N/A	N/A	6,408	2,537	206,524	33,761
2025-10-31	$4.29	$5.00	154.6%	31.0%	85.8%	31.4%	121.1%	-6.5%	21.0%	308.9K	-26.6M	-144.3K	0.57	78.66	N/A	N/A	3,916	2,221	207,054	33,265