RZLV Options History — January 2026

In January 2026, RZLV traded between $2.63 and $4.66. ATM implied volatility averaged 132.8%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 37.2%. IV traded below realized volatility by 20.3% (HV 20d: 153.2%). Max pain ranged from $2.50 to $3.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.19.

Notable Days

  • 2026-01-15: Highest Volume — 148,310 contracts
  • 2026-01-15: Largest IV spike — 33.1% change
  • 2026-01-12: Highest IV Rank — 32.7%
  • 2026-01-02: Largest Expected Move — 46.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.46$2.63$4.66$2.90$2.63
Max Pain$2.60$2.50$3.00$3.00$3.00
ATM IV132.8%95.0%157.7%134.6%132.1%
Expected Move37.2%29.2%46.6%46.6%37.5%
HV 20d153.2%125.6%161.8%150.7%159.8%
HV 60d122.1%110.4%131.4%110.4%131.4%
IV Rank22.2%6.3%32.7%23.0%21.9%
IV Percentile43.0%1.4%76.5%42.0%40.7%
Term Structure0.3%-34.7%68.2%-4.1%7.0%
VWIV138.4%124.1%171.3%171.3%143.7%
Skew 25d-28.6%-98.1%23.4%23.4%-29.6%
Skew 10d-15.2%-95.2%149.9%149.9%58.5%
Call IV 25d152.6%107.8%196.1%137.4%163.8%
Put IV 25d124.0%69.5%160.9%160.9%134.2%
Bid-Ask Spread %60.1050.2876.1357.5360.07
Gamma HHI0.190.130.430.180.13
Net GEX358.9K177.6K795.2K237.6K177.6K
Net DEX-30.7M-67.6M-12.4M-17.8M-12.4M
Net VEX-148.6K-205.8K-103.0K-103.0K-140.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.190.040.810.220.18
Total Volume38,031.157,177148,31010,52717,211
Total OI314,261.3244,873405,416246,501362,914

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$2.90$3.00134.6%46.6%150.7%23.0%171.3%23.4%-4.1%237.6K-17.8M-103.0K0.2257.53N/AN/A8,6311,896217,32729,174
2026-01-05$3.24$2.50133.1%33.7%151.0%22.3%135.9%-1.9%-9.8%298.7K-24.7M-113.9K0.1754.31N/AN/A18,9433,291215,31529,558
2026-01-06$3.05$2.50130.1%36.8%151.7%21.1%137.7%-98.1%3.5%297.8K-20.4M-111.9K0.3050.28N/AN/A5,5221,655222,86731,656
2026-01-07$3.29$2.50145.8%39.1%153.6%27.7%138.0%-27.8%-1.7%326.4K-27.5M-115.9K0.1659.64N/AN/A14,9142,323225,44032,542
2026-01-08$3.74$2.50142.7%37.6%159.3%26.4%145.2%-22.5%1.9%337.2K-36.3M-129.2K0.1259.43N/AN/A55,8926,527228,64533,937
2026-01-09$3.63$2.50139.8%39.0%160.1%25.1%141.0%-11.2%-9.4%428.6K-39.1M-138.4K0.1053.29N/AN/A24,2412,488265,64238,326
2026-01-12$3.96$2.50157.7%38.4%160.0%32.7%142.4%-69.6%-22.7%514.8K-45.3M-145.6K0.1854.61N/AN/A32,3115,786260,41137,875
2026-01-13$3.70$2.50123.6%32.9%161.8%18.3%130.7%-54.0%-34.7%498.1K-36.6M-138.6K0.1252.26N/AN/A29,5473,547275,54541,864
2026-01-14$3.96$2.5095.0%33.6%158.9%6.3%125.2%-87.8%-7.7%585.1K-41.2M-144.0K0.8151.22N/AN/A34,23727,900282,63442,031
2026-01-15$4.66$2.50126.5%34.4%150.3%19.5%124.1%-29.0%30.2%384.6K-62.7M-190.9K0.0455.88N/AN/A142,6525,658296,46963,905
2026-01-16$4.63$2.50115.3%29.2%125.6%14.8%125.1%13.5%0.8%795.2K-67.6M-205.8K0.0767.10N/AN/A33,0922,354339,72865,688
2026-01-20$3.66$2.50139.3%38.7%153.7%24.9%141.8%-13.8%-5.2%380.0K-29.6M-169.3K0.2167.11N/AN/A53,18011,291255,11749,621
2026-01-21$3.63$2.50125.6%36.0%148.2%19.2%134.6%-5.9%6.7%341.0K-28.8M-173.8K0.1971.29N/AN/A19,7533,842268,34657,482
2026-01-22$3.50$2.50126.8%36.7%145.4%19.7%130.3%-14.0%-7.6%268.4K-26.0M-171.4K0.1569.15N/AN/A22,6673,325275,07259,776
2026-01-23$3.17$2.50120.9%34.1%150.0%17.2%130.3%-24.2%9.6%239.9K-19.6M-160.4K0.2276.13N/AN/A30,7356,898285,55661,321
2026-01-26$2.85$2.50131.1%37.6%154.8%21.5%130.3%-70.3%-14.7%193.4K-15.2M-148.0K0.2159.62N/AN/A24,4115,141245,19357,944
2026-01-27$3.04$2.50143.7%42.0%156.2%26.8%147.8%-2.1%68.2%245.3K-22.2M-162.2K0.0456.84N/AN/A67,1012,992257,17659,654
2026-01-28$3.08$3.00152.9%41.4%154.8%30.7%145.1%-38.9%12.9%417.0K-24.8M-160.2K0.2968.86N/AN/A11,5553,308293,63461,365
2026-01-29$2.83$3.00140.4%38.5%157.4%25.4%147.7%-8.6%-16.2%210.6K-16.7M-149.9K0.0957.37N/AN/A12,6541,152294,38564,091
2026-01-30$2.63$3.00132.1%37.5%159.8%21.9%143.7%-29.6%7.0%177.6K-12.4M-140.2K0.1860.07N/AN/A14,5502,661298,39764,517