RNG Options History — February 2014

In February 2014, RNG traded between $17.64 and $23.52. ATM implied volatility averaged 47.4%. The 30-day expected move averaged 14.0%. IV traded below realized volatility by 3.3% (HV 20d: 50.7%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 7.68.

Notable Days

  • 2014-02-06: Highest Volume — 1,014 contracts
  • 2014-02-13: Largest IV spike — 27.0% change
  • 2014-02-06: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.01$17.64$23.52$17.81$21.65
Max Pain$21.67$20.00$22.50$20.00$22.50
ATM IV47.4%36.8%57.5%48.4%51.2%
Expected Move14.0%12.6%16.5%13.9%14.7%
HV 20d50.7%34.0%63.4%40.4%63.4%
HV 60d38.8%31.9%46.1%32.4%46.1%
Term Structure0.4%-5.0%2.0%1.8%1.6%
VWIV51.1%44.5%57.7%57.7%44.5%
Skew 25d2.4%-12.5%13.1%5.6%-12.5%
Skew 10d6.6%-4.3%15.7%9.2%1.4%
Call IV 25d45.1%41.1%49.8%45.8%46.1%
Put IV 25d47.6%33.6%55.2%51.3%33.6%
Bid-Ask Spread %96.3083.55113.19112.05108.82
Gamma HHI0.830.330.970.400.97
Net GEX-18.1K-24.9K1.5K1.1K-23.6K
Net DEX441.5K-79.1K726.3K-65.1K582.1K
Net VEX-4.5K-5.9K-527-528-5.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.680.0071.430.000.00
Total Volume56.78901,01402
Total OI9641561,1891561,179

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$17.81$20.0048.4%13.9%40.4%0.0%0.0%5.6%1.8%1.1K-65.1K-5280.00112.05N/AN/A009165
2014-02-04$17.79$20.0054.6%15.6%38.8%0.0%0.0%4.5%-5.0%1.1K-67.0K-5300.00109.38N/AN/A009165
2014-02-05$17.64$20.0050.1%14.4%36.4%0.0%0.0%0.2%0.7%1.1K-63.9K-5270.00113.19N/AN/A1509165
2014-02-06$18.12$20.0057.5%16.5%34.0%0.0%57.7%13.1%-1.4%1.5K-79.1K-59771.43107.05N/AN/A141,00010665
2014-02-07$20.26$0.0045.6%15.6%52.7%0.0%0.0%5.3%-3.7%-21.7K726.3K-5.9K0.0099.63N/AN/A301201,065
2014-02-10$21.11$0.0051.3%15.5%54.3%0.0%0.0%5.4%-0.7%-21.5K650.6K-5.8K0.0099.58N/AN/A1201171,065
2014-02-11$20.88$0.0042.7%13.4%53.7%0.0%0.0%1.5%1.8%-22.7K657.1K-5.8K0.0087.23N/AN/A001161,065
2014-02-12$21.35$0.0036.8%12.9%53.9%0.0%0.0%3.2%1.4%-23.0K600.9K-5.8K0.0083.55N/AN/A001161,065
2014-02-13$21.90$0.0046.7%13.4%53.8%0.0%0.0%4.3%-0.4%-23.1K544.5K-5.8K0.0084.13N/AN/A301161,065
2014-02-14$21.74$0.0045.1%12.9%53.7%0.0%0.0%2.5%2.0%-23.4K602.2K-5.7K0.0085.53N/AN/A051131,065
2014-02-18$22.29$0.0044.8%12.8%53.2%0.0%44.5%3.2%1.5%-22.5K505.9K-5.5K13.0085.67N/AN/A1131131,067
2014-02-19$21.88$22.5044.8%12.8%54.0%0.0%0.0%2.5%1.6%-23.0K566.4K-5.7K0.0086.13N/AN/A201121,077
2014-02-20$22.80$22.5044.2%12.7%55.3%0.0%0.0%2.9%1.6%-23.7K496.9K-5.3K0.0087.50N/AN/A101011,074
2014-02-21$22.56$22.5044.8%12.9%55.4%0.0%0.0%1.4%1.4%-23.6K495.1K-5.4K0.0089.92N/AN/A001011,074
2014-02-24$21.91$22.5044.3%12.7%52.4%0.0%0.0%4.2%1.3%-23.3K593.0K-5.5K0.0090.45N/AN/A10981,074
2014-02-25$21.86$22.5044.1%12.6%52.2%0.0%0.0%2.4%1.4%-24.9K596.9K-5.5K0.0092.31N/AN/A00991,074
2014-02-26$22.12$22.5052.0%14.9%51.9%0.0%0.0%-2.8%0.0%-24.3K584.5K-5.3K0.00106.16N/AN/A00991,074
2014-02-27$23.52$22.5051.9%14.9%53.8%0.0%0.0%-0.9%0.6%-23.9K460.4K-5.2K0.00101.33N/AN/A70991,074
2014-02-28$21.65$22.5051.2%14.7%63.4%0.0%0.0%-12.5%1.6%-23.6K582.1K-5.4K0.00108.82N/AN/A201051,074