RCUS Options History — March 2023

In March 2023, RCUS traded between $16.15 and $18.26. ATM implied volatility averaged 64.6%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 18.0%. IV traded above realized volatility by 15.8% (HV 20d: 48.7%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 2 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 5.37.

Notable Days

  • 2023-03-24: Highest Volume — 2,926 contracts
  • 2023-03-10: Largest IV spike — 88.6% change
  • 2023-03-14: Highest IV Rank — 42.6%
  • 2023-03-10: Largest Expected Move — 22.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.26$16.15$18.26$17.59$18.16
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV64.6%41.0%119.6%63.8%65.7%
Expected Move18.0%13.0%22.9%18.3%18.8%
HV 20d48.7%41.6%55.4%50.1%54.8%
HV 60d79.6%53.9%99.1%99.1%56.8%
IV Rank11.1%0.0%42.6%6.3%13.4%
IV Percentile10.5%0.0%84.5%2.4%9.1%
Term Structure13.4%-2.6%65.3%0.4%1.7%
VWIV63.3%40.1%99.8%47.9%49.9%
Skew 25d6.3%-17.3%41.3%-11.9%25.3%
Skew 10d10.4%-32.8%94.4%-9.3%39.7%
Call IV 25d60.8%44.1%78.1%63.8%47.0%
Put IV 25d67.1%51.2%101.4%51.9%72.3%
Bid-Ask Spread %90.5148.73102.8665.4086.91
Gamma HHI0.380.270.560.340.30
Net GEX-40.4K-94.4K18.8K-28.4K5.4K
Net DEX2.1M-1.5M4.3M2.6M-1.5M
Net VEX-20.0K-26.4K-13.5K-23.1K-25.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.370.0063.7563.750.05
Total Volume376.52212,9261,03639
Total OI12,059.1749,32713,20812,80312,750

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$17.59$20.0063.8%18.3%50.1%6.3%47.9%-11.9%0.4%-28.4K2.6M-23.1K63.7565.40N/AN/A161,0207,3505,453
2023-03-02$17.51$20.0060.1%17.2%45.7%4.1%0.0%-17.3%6.0%-14.0K2.4M-20.4K0.0048.73N/AN/A017,3754,785
2023-03-03$18.26$20.0062.3%17.9%43.2%5.4%65.4%-9.7%2.6%18.8K1.3M-22.4K0.9276.56N/AN/A3803517,3754,785
2023-03-06$17.77$20.0054.4%17.1%43.4%0.8%61.9%-3.1%19.4%-23.5K2.4M-21.6K1.1187.78N/AN/A1421577,7425,159
2023-03-07$17.75$20.0055.0%18.9%42.6%1.1%72.3%3.0%10.2%-27.4K2.3M-21.7K0.7183.40N/AN/A21157,8365,292
2023-03-08$17.76$20.0053.6%17.5%41.6%0.3%52.9%2.5%13.9%-38.9K2.5M-21.2K2.5091.28N/AN/A257,8375,293
2023-03-09$16.59$20.0041.0%17.9%46.6%0.0%65.8%-1.1%7.7%-61.9K3.9M-17.9K0.2788.63N/AN/A2677,8395,293
2023-03-10$16.50$20.0077.3%22.9%46.2%19.7%84.5%5.3%2.3%-9.0K2.5M-20.2K24.0095.47N/AN/A1247,8425,291
2023-03-13$17.25$20.0080.6%16.6%50.1%21.5%59.5%-0.2%14.1%-62.1K3.2M-19.1K0.0097.21N/AN/A907,8335,302
2023-03-14$17.09$20.00119.6%14.9%50.1%42.6%57.0%2.0%18.1%-49.3K3.2M-18.2K10.1498.99N/AN/A353557,8625,302
2023-03-15$16.96$20.0064.6%18.5%50.0%12.8%67.0%3.6%20.6%-29.6K3.1M-17.7K0.6996.25N/AN/A74517,8975,248
2023-03-16$17.01$20.0058.5%16.8%50.1%9.5%99.8%1.0%38.0%-92.9K3.7M-16.9K6.5688.93N/AN/A9597,9605,248
2023-03-17$16.27$20.0055.8%16.0%51.8%8.0%61.3%6.2%14.6%-79.4K4.3M-15.1K0.13100.43N/AN/A601787,9695,196
2023-03-20$16.50$20.0057.8%16.6%48.9%9.1%78.9%41.3%65.3%-69.0K3.6M-15.5K0.9797.97N/AN/A96934,5004,827
2023-03-21$16.95$20.0055.3%15.8%43.7%7.7%60.7%6.6%14.6%-83.2K3.4M-15.2K2.3097.47N/AN/A461064,5264,830
2023-03-22$16.15$20.0068.2%19.5%45.1%14.7%0.0%18.5%-2.6%-86.0K4.0M-13.5K2.57102.86N/AN/A7184,5774,916
2023-03-23$16.29$20.0045.4%13.0%44.7%2.4%57.3%8.3%9.2%-94.4K3.7M-13.9K0.58101.44N/AN/A2551484,5844,938
2023-03-24$17.64$20.0077.6%22.2%54.1%19.8%64.7%8.7%11.4%-44.7K1.6M-18.4K0.0094.16N/AN/A2,912144,8174,778
2023-03-27$17.82$20.0049.3%14.1%54.2%4.5%48.0%2.0%15.8%-42.7K-703.1K-25.4K0.05102.37N/AN/A478257,2694,787
2023-03-28$17.54$20.0076.7%22.0%54.5%19.4%74.0%18.2%-2.5%-6.9K-391.8K-25.8K0.1887.08N/AN/A78147,3964,807
2023-03-29$18.07$20.0067.5%19.4%54.2%14.4%59.9%17.5%22.0%-5.7K-1.3M-26.4K0.58100.74N/AN/A1901107,4304,816
2023-03-30$17.53$20.0075.1%21.5%55.4%18.5%40.1%18.3%5.7%-5.1K-252.0K-25.3K0.0091.59N/AN/A59207,5804,869
2023-03-31$18.16$20.0065.7%18.8%54.8%13.4%49.9%25.3%1.7%5.4K-1.5M-25.8K0.0586.91N/AN/A3727,8764,874