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Reformation Inc. REF

i

Market dataready · fetched 2026-11-03T14:41:33.151Z

Delta surfaceAlpaca · derived absolute-delta buckets · 2026-11-20

Calculation methodology

Options historyIV: ThetaData historical Greeks, equal-weight mean of call/put 50-delta IV across the next four listed Friday-cycle expirations, including holiday shifts verified against ThetaData’s market calendar. Missing inputs leave gaps. Skew: equal-weight mean of put minus call IV across those four expirations. IV-implied move history: mean of each expiration’s average call/put IV multiplied by the square root of remaining calendar days divided by 365.25; percentage of spot, not a quoted straddle premium.

History data

PriceAlpaca · sip · 2026-11-03T14:41:23.539282111Z

FundamentalsSEC EDGAR · ready · as of 2026-06-27 · fetched 2026-11-03T14:41:32.384032+00:00

Share price$16.08
1D-1.2%
$15.86$15.99$16.12$16.25$16.385:30 AM6:30 AM9:00 AM1:00 PMREF
Sold putSold call

Reformation Inc. options

Live interpolated REF call and put midpoint premiums by absolute delta.Reformation Inc.$0.23$1.13$2.04$2.94$3.85$11.58$13.94$16.30$18.66$21.0220Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive REF spot · $16.07REF PRICE$0.32$0.43$0.54$0.65$0.81$0.99$1.17$1.36$1.54$1.72$2.01$2.45$2.89$0.41$0.53$0.65$0.83$1.04$1.25$1.46$1.67$1.88$2.14$2.62$3.10$3.58
PutsCheap0.85×
CallsCheap0.77×
SkewBullish-1.12 pp
Implied moveBearish±$2.63
TiltBearish11.3% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ19.2684.0%21.8%13.7091.4%17.4%
25Δ18.7284.9%19.1%14.2489.8%14.7%
30Δ18.1885.7%16.4%14.7988.3%12.1%
35Δ17.6486.5%13.8%15.2487.4%10.4%
40Δ17.2187.1%12.1%15.6387.1%9.2%
45Δ16.8187.5%10.8%16.0286.7%8.1%
50Δ16.4287.9%9.4%16.4186.4%7.0%
55Δ16.0288.4%8.1%16.8086.0%5.9%
60Δ15.6288.8%6.8%17.1985.6%4.8%
65Δ15.2389.2%5.4%17.6185.4%3.8%
70Δ14.7690.5%4.3%18.2086.0%3.1%
75Δ14.2092.7%3.6%18.7986.5%2.4%
80Δ13.6495.0%2.8%19.3787.0%1.8%

20Δ

Calls
Pseudo strike
19.26
IV
84.0%
B/E move
21.8%
Puts
Pseudo strike
13.70
IV
91.4%
B/E move
17.4%

25Δ

Calls
Pseudo strike
18.72
IV
84.9%
B/E move
19.1%
Puts
Pseudo strike
14.24
IV
89.8%
B/E move
14.7%

30Δ

Calls
Pseudo strike
18.18
IV
85.7%
B/E move
16.4%
Puts
Pseudo strike
14.79
IV
88.3%
B/E move
12.1%

35Δ

Calls
Pseudo strike
17.64
IV
86.5%
B/E move
13.8%
Puts
Pseudo strike
15.24
IV
87.4%
B/E move
10.4%

40Δ

Calls
Pseudo strike
17.21
IV
87.1%
B/E move
12.1%
Puts
Pseudo strike
15.63
IV
87.1%
B/E move
9.2%

45Δ

Calls
Pseudo strike
16.81
IV
87.5%
B/E move
10.8%
Puts
Pseudo strike
16.02
IV
86.7%
B/E move
8.1%

50Δ

Calls
Pseudo strike
16.42
IV
87.9%
B/E move
9.4%
Puts
Pseudo strike
16.41
IV
86.4%
B/E move
7.0%

55Δ

Calls
Pseudo strike
16.02
IV
88.4%
B/E move
8.1%
Puts
Pseudo strike
16.80
IV
86.0%
B/E move
5.9%

60Δ

Calls
Pseudo strike
15.62
IV
88.8%
B/E move
6.8%
Puts
Pseudo strike
17.19
IV
85.6%
B/E move
4.8%

65Δ

Calls
Pseudo strike
15.23
IV
89.2%
B/E move
5.4%
Puts
Pseudo strike
17.61
IV
85.4%
B/E move
3.8%

70Δ

Calls
Pseudo strike
14.76
IV
90.5%
B/E move
4.3%
Puts
Pseudo strike
18.20
IV
86.0%
B/E move
3.1%

75Δ

Calls
Pseudo strike
14.20
IV
92.7%
B/E move
3.6%
Puts
Pseudo strike
18.79
IV
86.5%
B/E move
2.4%

80Δ

Calls
Pseudo strike
13.64
IV
95.0%
B/E move
2.8%
Puts
Pseudo strike
19.37
IV
87.0%
B/E move
1.8%

Options history

IV · four-Friday blend69.69%
Daily EOD
REF65.7%67.8%70.0%2026-10-19: 66.01%2026-10-20: 66.79%2026-10-21: 66.24%2026-10-22: 68.11%2026-10-23: 67.52%2026-10-26: 68.45%2026-10-27: 67.89%2026-10-28: 67.75%2026-10-29: 67.52%2026-10-30: 69.69%Oct 19Oct 23Oct 30
10 observations2026-10-19 — 2026-10-30
Table
DateIV (%)
66.01%
66.79%
66.24%
68.11%
67.52%
68.45%
67.89%
67.75%
67.52%
69.69%