RNG Options History — April 2017

In April 2017, RNG traded between $27.20 and $31.98. ATM implied volatility averaged 37.4%, placing in the 22.5% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 13.0% (HV 20d: 24.4%). Max pain ranged from $24.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.41.

Notable Days

2017-04-25: Highest Volume — 1,954 contracts
2017-04-12: Largest IV spike — 36.8% change
2017-04-24: Highest IV Rank — 48.3%
2017-04-24: Largest Expected Move — 13.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.08	$27.20	$31.98	$27.80	$31.98
Max Pain	$27.68	$24.00	$30.00	$24.00	$30.00
ATM IV	37.4%	30.1%	45.5%	33.2%	30.6%
Expected Move	11.3%	8.8%	13.0%	9.5%	8.8%
HV 20d	24.4%	20.7%	27.5%	24.6%	26.6%
HV 60d	30.8%	27.9%	32.5%	32.0%	28.8%
IV Rank	22.5%	0.0%	48.3%	7.9%	1.7%
IV Percentile	33.4%	0.0%	74.6%	10.3%	0.4%
Term Structure	-2.5%	-7.6%	7.9%	7.8%	0.3%
VWIV	41.0%	31.1%	48.0%	34.3%	31.1%
Skew 25d	3.4%	0.6%	5.4%	1.2%	1.8%
Skew 10d	6.9%	-4.8%	13.9%	6.0%	11.1%
Call IV 25d	38.6%	29.9%	46.2%	32.5%	32.1%
Put IV 25d	42.1%	33.1%	48.9%	33.7%	33.9%
Bid-Ask Spread %	69.98	57.54	94.51	89.78	83.65
Gamma HHI	0.36	0.14	0.68	0.25	0.41
Net GEX	104.8K	15.1K	186.2K	81.7K	157.0K
Net DEX	-3.6M	-5.0M	-1.5M	-3.5M	-4.5M
Net VEX	-7.1K	-11.5K	-5.6K	-6.7K	-11.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.24	0.72	0.59	0.41
Total Volume	1,211.684	820	1,954	1,402	1,036
Total OI	2,828.842	1,366	3,349	2,845	3,249

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2017-04-03	$27.80	$24.00	33.2%	9.5%	24.6%	7.9%	34.3%	1.2%	7.8%	81.7K	-3.5M	-6.7K	0.59	89.78	N/A	N/A	883	519	1,952	893
2017-04-04	$27.68	$24.00	32.5%	9.3%	24.6%	5.5%	34.1%	0.6%	7.9%	84.7K	-3.4M	-6.5K	0.25	88.06	N/A	N/A	883	218	1,962	883
2017-04-05	$27.20	$24.00	33.5%	9.6%	25.6%	8.7%	33.7%	2.2%	6.6%	80.3K	-3.1M	-6.5K	0.31	94.51	N/A	N/A	756	237	1,962	872
2017-04-06	$27.30	$28.00	32.5%	11.7%	25.2%	5.6%	40.7%	4.4%	-3.6%	83.1K	-3.2M	-6.4K	0.31	57.54	N/A	N/A	776	237	1,967	891
2017-04-07	$27.30	$28.00	31.6%	11.7%	25.1%	2.8%	41.2%	3.5%	-4.2%	85.0K	-3.1M	-6.3K	0.28	63.19	N/A	N/A	874	247	1,964	891
2017-04-10	$27.70	$28.00	31.5%	11.8%	25.6%	2.2%	41.3%	4.6%	-5.1%	91.3K	-3.4M	-5.6K	0.31	60.18	N/A	N/A	808	247	1,924	891
2017-04-11	$28.68	$28.00	30.1%	11.7%	27.5%	0.0%	41.7%	3.7%	-4.7%	105.0K	-4.0M	-5.8K	0.28	70.06	N/A	N/A	940	263	1,940	891
2017-04-12	$28.55	$28.00	41.2%	11.8%	25.9%	34.8%	43.4%	5.0%	-3.4%	132.4K	-4.1M	-6.4K	0.28	60.18	N/A	N/A	940	263	2,109	916
2017-04-13	$28.60	$28.00	41.4%	11.9%	25.7%	35.6%	42.1%	3.8%	-2.9%	131.2K	-4.0M	-6.2K	0.24	67.42	N/A	N/A	919	223	2,060	921
2017-04-17	$28.75	$28.00	44.8%	12.8%	25.7%	46.3%	45.9%	4.0%	-6.2%	159.0K	-4.2M	-6.1K	0.24	67.34	N/A	N/A	919	223	2,126	926
2017-04-18	$28.88	$28.00	43.8%	12.6%	25.2%	43.1%	45.2%	3.7%	-5.9%	186.2K	-4.3M	-5.8K	0.46	64.86	N/A	N/A	960	441	2,127	927
2017-04-19	$29.43	$28.00	44.1%	12.6%	21.0%	44.0%	45.9%	3.4%	-6.3%	171.2K	-4.8M	-6.5K	0.49	61.86	N/A	N/A	937	459	2,176	1,107
2017-04-20	$29.55	$28.00	43.8%	12.6%	20.7%	43.1%	46.1%	4.7%	-5.9%	166.4K	-5.0M	-6.4K	0.48	59.35	N/A	N/A	958	458	2,226	1,123
2017-04-21	$29.50	$28.00	44.4%	12.7%	20.8%	45.0%	44.3%	5.3%	-7.6%	15.1K	-4.9M	-6.1K	0.46	59.59	N/A	N/A	893	408	2,091	1,118
2017-04-24	$30.30	$28.00	45.5%	13.0%	22.3%	48.3%	45.5%	5.4%	-6.3%	19.7K	-1.5M	-6.4K	0.68	58.91	N/A	N/A	489	331	893	473
2017-04-25	$30.75	$28.00	44.6%	12.8%	22.4%	45.6%	48.0%	2.7%	-6.2%	32.5K	-1.8M	-6.7K	0.53	63.66	N/A	N/A	1,278	676	1,024	473
2017-04-26	$30.58	$30.00	31.5%	9.0%	22.8%	4.4%	42.9%	1.5%	-0.1%	97.4K	-2.7M	-11.4K	0.72	81.55	N/A	N/A	640	459	1,955	949
2017-04-27	$31.98	$30.00	31.1%	8.9%	26.6%	3.1%	32.6%	3.8%	-1.3%	111.1K	-3.9M	-10.7K	0.44	78.00	N/A	N/A	848	376	1,954	942
2017-04-28	$31.98	$30.00	30.6%	8.8%	26.6%	1.7%	31.1%	1.8%	0.3%	157.0K	-4.5M	-11.5K	0.41	83.65	N/A	N/A	734	302	2,287	962