RZLV Options History — November 2025

In November 2025, RZLV traded between $2.75 and $4.11. ATM implied volatility averaged 133.8%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 39.3%. IV traded above realized volatility by 53.2% (HV 20d: 80.6%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.18.

Notable Days

  • 2025-11-20: Highest Volume — 19,671 contracts
  • 2025-11-11: Largest IV spike — 78.3% change
  • 2025-11-12: Highest IV Rank — 45.4%
  • 2025-11-17: Largest Expected Move — 47.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.34$2.75$4.11$4.11$3.04
Max Pain$4.74$4.00$5.00$5.00$4.00
ATM IV133.8%98.4%187.8%107.7%125.8%
Expected Move39.3%29.6%47.2%29.8%42.2%
HV 20d80.6%72.0%88.1%85.6%77.2%
HV 60d115.3%111.8%117.6%115.0%111.8%
IV Rank22.6%7.7%45.4%11.6%19.2%
IV Percentile40.4%2.9%86.1%5.4%32.6%
Term Structure3.8%-51.9%87.8%-29.0%29.8%
VWIV142.4%109.1%165.0%128.4%148.1%
Skew 25d-3.4%-61.5%51.1%18.7%-61.5%
Skew 10d27.0%-62.6%111.5%-11.1%59.7%
Call IV 25d132.8%77.2%172.0%90.4%142.6%
Put IV 25d129.4%81.2%201.3%109.1%81.2%
Bid-Ask Spread %71.0860.3888.2263.7769.86
Gamma HHI0.140.130.160.150.16
Net GEX205.1K135.2K299.9K289.8K239.7K
Net DEX-14.6M-23.3M-7.1M-23.3M-13.9M
Net VEX-108.3K-141.3K-84.2K-141.3K-100.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.180.070.400.070.10
Total Volume8,4122,99519,6719,8232,995
Total OI229,137.579198,848253,606227,595204,534

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$4.11$5.00107.7%29.8%85.6%11.6%128.4%18.7%-29.0%289.8K-23.3M-141.3K0.0763.77N/AN/A9,141682195,98831,607
2025-11-04$4.04$5.00113.2%31.2%85.4%13.9%109.1%47.4%87.8%290.7K-21.7M-136.3K0.2768.81N/AN/A7,6182,044200,28831,304
2025-11-05$4.08$5.00117.3%29.6%86.1%15.7%122.5%11.3%9.8%299.9K-22.8M-127.3K0.0862.20N/AN/A4,923373201,14831,285
2025-11-06$3.87$5.00126.5%37.8%86.7%19.5%128.7%-26.7%17.7%280.8K-20.4M-131.7K0.2671.20N/AN/A3,747985203,99031,377
2025-11-07$3.85$5.00111.7%38.8%74.8%13.3%140.4%20.9%13.2%238.1K-18.1M-126.4K0.0773.56N/AN/A11,165750204,39031,666
2025-11-10$3.81$5.0098.4%35.5%72.0%7.7%147.3%11.0%24.0%246.2K-19.5M-129.4K0.1076.10N/AN/A8,623835197,34830,215
2025-11-11$3.42$5.00175.5%44.8%77.3%40.2%139.4%-29.1%21.2%200.5K-14.5M-109.1K0.1171.03N/AN/A7,690828201,73730,673
2025-11-12$3.24$5.00187.8%38.4%77.9%45.4%144.8%30.0%-12.9%168.6K-11.5M-100.3K0.3273.03N/AN/A7,0442,254202,27430,807
2025-11-13$3.00$5.00110.0%38.5%77.6%12.6%139.3%19.8%29.0%146.4K-8.6M-93.1K0.4066.91N/AN/A6,2452,492205,22431,508
2025-11-14$3.00$5.00129.5%41.1%78.1%20.8%139.0%-19.0%7.9%143.6K-8.1M-91.0K0.3177.04N/AN/A8,4492,582207,57230,386
2025-11-17$2.75$5.00159.6%47.2%80.9%33.5%165.0%-33.1%-50.5%135.2K-7.1M-84.2K0.3188.22N/AN/A7,1892,198206,42429,129
2025-11-18$2.95$5.00114.5%33.2%88.1%14.5%140.2%-11.8%-21.2%152.9K-9.2M-92.3K0.2985.44N/AN/A4,3171,231210,50329,704
2025-11-19$3.01$5.00158.2%45.4%85.6%32.9%147.8%5.2%-51.9%165.8K-10.5M-94.7K0.0975.49N/AN/A7,193668212,70030,031
2025-11-20$3.06$5.00151.8%44.5%85.5%30.2%148.8%-33.8%-27.8%183.1K-12.7M-99.7K0.1470.72N/AN/A17,1892,482216,81629,920
2025-11-21$3.02$4.00137.6%39.1%75.6%24.2%146.3%51.1%6.5%171.0K-12.1M-102.0K0.2367.44N/AN/A7,2651,670222,85430,752
2025-11-24$3.20$4.00135.8%43.0%80.1%23.5%160.1%-22.4%8.3%186.6K-15.4M-104.1K0.0960.38N/AN/A6,829620177,98120,867
2025-11-25$3.00$4.00142.0%42.4%78.6%26.1%155.7%-47.0%-1.1%179.9K-13.0M-95.3K0.1664.32N/AN/A3,450556178,58720,991
2025-11-26$3.00$4.00139.7%43.3%78.9%25.1%154.1%3.9%10.6%178.8K-14.6M-98.7K0.1065.02N/AN/A5,020486179,66921,365
2025-11-28$3.04$4.00125.8%42.2%77.2%19.2%148.1%-61.5%29.8%239.7K-13.9M-100.2K0.1069.86N/AN/A2,715280182,87721,657