RZLV Options History — February 2026

In February 2026, RZLV traded between $2.17 and $2.75. ATM implied volatility averaged 138.4%, placing in the 24.5% IV rank vs the trailing year. The 30-day expected move averaged 41.4%. IV traded above realized volatility by 7.1% (HV 20d: 131.3%). Max pain ranged from $2.50 to $3.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.22.

Notable Days

  • 2026-02-02: Highest Volume — 34,696 contracts
  • 2026-02-19: Largest IV spike — 19.0% change
  • 2026-02-19: Highest IV Rank — 29.8%
  • 2026-02-23: Largest Expected Move — 43.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.40$2.17$2.75$2.71$2.33
Max Pain$2.74$2.50$3.00$3.00$2.50
ATM IV138.4%126.7%150.7%134.9%131.6%
Expected Move41.4%36.2%43.7%40.9%36.2%
HV 20d131.3%100.5%157.4%153.5%100.5%
HV 60d135.9%131.6%139.4%131.6%134.9%
IV Rank24.5%19.6%29.8%23.1%21.7%
IV Percentile52.1%31.1%74.1%43.6%38.0%
Term Structure9.6%-56.5%77.3%35.1%4.2%
VWIV153.4%129.9%164.4%149.3%163.2%
Skew 25d-14.2%-44.4%32.9%-44.4%-12.1%
Skew 10d5.0%-75.8%112.9%1.3%-53.0%
Call IV 25d150.8%113.6%166.3%152.2%144.1%
Put IV 25d136.6%107.8%152.1%107.8%131.9%
Bid-Ask Spread %67.4059.1275.7071.4463.31
Gamma HHI0.140.120.160.130.14
Net GEX155.5K108.5K213.3K180.5K133.8K
Net DEX-13.1M-17.4M-9.6M-14.6M-14.0M
Net VEX-125.2K-147.8K-108.6K-139.2K-119.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.220.070.490.070.22
Total Volume12,958.9474,80834,69634,6965,412
Total OI321,482.842247,844355,846317,324268,485

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$2.71$3.00134.9%40.9%153.5%23.1%149.3%-44.4%35.1%180.5K-14.6M-139.2K0.0771.44N/AN/A32,3002,396261,19656,128
2026-02-03$2.65$3.00141.0%41.9%147.5%25.7%157.1%-29.1%-1.2%200.8K-15.9M-143.6K0.3563.48N/AN/A8,9043,105283,82457,466
2026-02-04$2.35$3.00145.1%41.9%151.7%27.4%148.0%-21.0%16.1%171.3K-10.2M-123.6K0.2259.12N/AN/A12,3662,781285,62358,831
2026-02-05$2.25$3.00132.3%43.7%148.3%22.0%164.4%-14.0%31.5%148.2K-9.6M-123.0K0.2571.56N/AN/A6,0371,527289,33659,044
2026-02-06$2.71$3.00139.1%42.7%157.1%24.8%155.0%-21.3%4.6%206.1K-16.9M-147.8K0.1167.08N/AN/A29,2243,265291,09359,807
2026-02-09$2.75$3.00140.3%42.9%157.4%25.3%157.1%-35.0%2.9%213.3K-17.4M-139.7K0.2863.16N/AN/A7,1501,976275,31257,286
2026-02-10$2.60$3.00139.2%42.9%153.3%24.9%152.1%-7.1%20.9%194.6K-14.5M-135.6K0.1070.81N/AN/A10,6921,031279,36558,558
2026-02-11$2.42$2.50138.9%36.2%153.5%24.8%129.9%32.9%-56.5%160.7K-12.6M-130.0K0.1169.89N/AN/A10,5461,183282,81958,481
2026-02-12$2.29$2.50128.6%43.0%150.2%20.4%163.9%-5.0%23.4%149.7K-9.8M-123.9K0.1369.84N/AN/A11,3641,496288,77358,687
2026-02-13$2.29$2.50136.7%42.9%133.0%23.8%146.2%-11.2%8.2%155.7K-10.2M-124.2K0.2367.63N/AN/A10,9032,560295,01657,801
2026-02-17$2.21$2.50142.5%40.2%132.6%26.3%158.7%-22.9%63.5%123.8K-11.2M-108.6K0.1667.39N/AN/A12,5062,050288,13352,499
2026-02-18$2.24$3.00126.7%36.3%110.9%19.6%152.4%-4.5%77.3%118.2K-10.2M-115.5K0.1373.97N/AN/A8,1151,094295,67152,513
2026-02-19$2.21$3.00150.7%42.1%110.8%29.8%151.7%-9.9%6.2%112.0K-11.6M-114.1K0.3767.00N/AN/A6,6952,491300,02452,437
2026-02-20$2.17$2.50141.7%40.2%110.7%26.0%146.3%-10.1%-12.8%111.6K-10.5M-116.4K0.2073.31N/AN/A8,7271,739301,95153,895
2026-02-23$2.20$2.50146.4%43.7%107.8%27.9%158.9%-1.6%-31.8%108.5K-13.7M-115.1K0.1762.33N/AN/A7,0021,160207,28140,563
2026-02-24$2.38$2.50137.5%43.0%107.7%24.2%160.7%-20.8%2.9%139.7K-14.5M-121.9K0.2659.93N/AN/A13,5723,476210,72541,173
2026-02-25$2.38$2.50143.6%42.8%104.2%26.8%149.1%-13.9%-25.6%165.7K-14.5M-124.2K0.4963.57N/AN/A4,4112,156218,22343,893
2026-02-26$2.38$2.50132.4%43.2%103.9%22.0%149.8%-19.0%12.6%161.2K-16.1M-113.4K0.2275.70N/AN/A3,941867220,85845,404
2026-02-27$2.33$2.50131.6%36.2%100.5%21.7%163.2%-12.1%4.2%133.8K-14.0M-119.6K0.2263.31N/AN/A4,420992222,79145,694