RNG Options History — July 2014

In July 2014, RNG traded between $12.70 and $15.56. ATM implied volatility averaged 54.3%, placing in the 42.9% IV rank vs the trailing year. The 30-day expected move averaged 15.9%. IV traded above realized volatility by 12.9% (HV 20d: 41.3%). Max pain ranged from $12.50 to $17.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 2.00.

Notable Days

  • 2014-07-29: Highest Volume — 2,799 contracts
  • 2014-07-30: Largest IV drop — 30.3% change
  • 2014-07-29: Highest IV Rank — 96.3%
  • 2014-07-29: Largest Expected Move — 21.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.43$12.70$15.56$15.56$14.93
Max Pain$14.09$12.50$17.50$17.50$12.50
ATM IV54.3%43.0%76.0%50.8%55.8%
Expected Move15.9%12.3%21.8%14.6%16.0%
HV 20d41.3%28.3%81.9%32.1%81.8%
HV 60d48.6%44.9%58.9%52.8%58.7%
IV Rank42.9%15.4%96.3%34.5%46.7%
IV Percentile56.9%7.5%99.4%47.1%68.0%
Term Structure-4.7%-19.3%7.7%3.0%-7.9%
VWIV54.2%30.3%76.0%40.7%35.9%
Skew 25d4.3%-7.9%27.9%12.7%-1.2%
Skew 10d8.0%-15.6%42.4%12.2%0.1%
Call IV 25d51.2%33.8%67.2%33.8%44.2%
Put IV 25d55.5%37.1%84.6%46.5%43.0%
Bid-Ask Spread %90.6668.31100.7387.1791.13
Gamma HHI0.400.320.700.330.32
Net GEX27.2K2.2K109.2K22.2K11.2K
Net DEX324.0K-1.5M1.4M648.5K-1.5M
Net VEX-5.1K-7.0K-3.5K-6.6K-7.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.000.0037.500.240.00
Total Volume255.63612,79925630
Total OI4,755.8641,7736,4576,0725,085

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-07-01$15.56$17.5050.8%14.6%32.1%34.5%40.7%12.7%3.0%22.2K648.5K-6.6K0.2487.17N/AN/A206502,5543,518
2014-07-02$15.32$17.5044.4%12.7%32.6%18.8%0.0%-5.3%0.9%27.5K701.3K-6.6K0.00100.73N/AN/A302,7043,568
2014-07-03$15.47$17.5043.0%12.3%32.2%15.4%0.0%5.4%7.7%39.6K616.4K-6.0K0.0093.99N/AN/A5002,7073,568
2014-07-07$14.91$15.0044.8%15.0%33.5%19.7%0.0%9.4%-1.8%29.3K810.9K-6.0K0.1493.78N/AN/A250362,7073,568
2014-07-08$14.51$15.0043.9%15.8%35.6%17.6%0.0%-0.0%-1.7%2.2K1.3M-6.1K0.0090.97N/AN/A9002,6253,528
2014-07-09$14.83$15.0046.8%14.9%35.1%24.7%51.8%-1.7%-0.9%11.1K1.1M-5.8K0.0086.79N/AN/A23502,6253,528
2014-07-10$14.50$15.0052.5%15.1%36.4%38.6%52.1%9.8%-2.0%14.8K1.3M-6.1K0.0089.70N/AN/A2702,8103,528
2014-07-11$14.75$15.0052.6%15.1%36.5%38.9%62.5%2.8%-3.5%20.4K961.8K-5.6K0.0089.73N/AN/A102,8373,528
2014-07-14$15.09$15.0053.3%15.3%36.4%40.5%0.0%5.5%-3.4%69.5K698.2K-5.2K0.0087.49N/AN/A10202,8383,528
2014-07-15$14.87$15.0050.9%14.6%36.8%34.8%55.6%-2.4%0.2%76.9K786.4K-5.4K37.5089.71N/AN/A2752,9293,528
2014-07-16$14.74$12.5050.3%14.4%28.3%33.2%30.3%10.5%0.2%109.2K916.1K-5.1K0.5085.99N/AN/A212,9303,492
2014-07-17$13.98$12.5058.7%16.8%34.1%53.8%57.1%-3.4%-8.7%21.1K1.3M-4.3K0.0991.11N/AN/A280252,6993,491
2014-07-18$13.66$12.5059.0%16.9%34.8%54.6%0.0%-3.6%-4.0%16.2K1.4M-3.8K0.3890.47N/AN/A100382,5283,516
2014-07-21$13.49$12.5061.3%17.6%34.7%60.3%55.8%-0.7%-11.7%16.0K-295.6K-3.7K0.8391.76N/AN/A30251,239534
2014-07-22$13.98$12.5054.6%15.7%37.3%43.9%55.4%6.6%-6.6%17.1K-352.2K-3.9K0.0093.95N/AN/A301,263559
2014-07-23$13.94$12.5058.9%16.9%37.2%54.4%60.7%7.8%-9.1%18.4K-391.6K-3.9K0.1794.86N/AN/A4071,266559
2014-07-24$14.63$12.5055.5%15.9%40.9%46.0%55.5%12.3%-7.2%21.1K-542.1K-4.1K0.5396.05N/AN/A30161,258566
2014-07-25$13.61$15.0063.9%18.3%47.8%66.7%55.1%4.6%-11.6%16.5K-320.7K-3.7K0.0193.38N/AN/A20011,275582
2014-07-28$12.80$12.5063.5%18.2%51.7%65.5%65.9%-7.9%-11.2%10.2K-143.3K-3.5K0.1493.16N/AN/A173241,440581
2014-07-29$12.70$12.5076.0%21.8%51.4%96.3%76.0%27.9%-19.3%14.8K-229.9K-3.7K3.2194.31N/AN/A6652,1341,589576
2014-07-30$15.10$12.5052.9%15.2%81.9%39.7%56.8%6.3%-5.1%11.8K-1.5M-6.8K0.3068.31N/AN/A5161572,2512,624
2014-07-31$14.93$12.5055.8%16.0%81.8%46.7%35.9%-1.2%-7.9%11.2K-1.5M-7.0K0.0091.13N/AN/A3002,3752,710