RNG Options History — February 2020

In February 2020, RNG traded between $204.90 and $248.96. ATM implied volatility averaged 41.6%, placing in the 27.0% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 12.7% (HV 20d: 28.9%). Max pain ranged from $170.00 to $220.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.81.

Notable Days

  • 2020-02-10: Highest Volume — 12,321 contracts
  • 2020-02-11: Largest IV drop — 24.4% change
  • 2020-02-28: Highest IV Rank — 64.5%
  • 2020-02-28: Largest Expected Move — 17.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$228.50$204.90$248.96$204.95$232.73
Max Pain$206.84$170.00$220.00$170.00$220.00
ATM IV41.6%33.2%58.4%43.6%58.4%
Expected Move12.1%9.6%17.5%13.8%17.5%
HV 20d28.9%18.5%37.1%20.4%37.1%
HV 60d24.6%20.9%27.4%21.1%26.3%
IV Rank27.0%8.3%64.5%31.5%64.5%
IV Percentile60.8%11.9%99.2%80.6%99.2%
Term Structure-0.9%-3.8%1.2%-2.1%-3.8%
VWIV42.8%34.3%58.0%48.7%58.0%
Skew 25d3.8%2.2%8.4%4.1%8.4%
Skew 10d7.2%3.5%15.0%8.4%15.0%
Call IV 25d39.8%31.7%55.4%40.5%55.4%
Put IV 25d43.6%34.7%63.7%44.6%63.7%
Bid-Ask Spread %40.1417.0256.2048.6124.00
Gamma HHI0.120.080.200.090.20
Net GEX4.6M2.3M10.0M2.7M4.2M
Net DEX-172.7M-309.3M-96.4M-107.9M-96.4M
Net VEX-580.2K-740.6K-471.4K-481.9K-740.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.272.300.350.82
Total Volume3,972.94767912,3211,0484,227
Total OI26,43118,86736,13318,86727,732

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$204.95$170.0043.6%13.8%20.4%31.5%48.7%4.1%-2.1%2.7M-107.9M-481.9K0.3548.61N/AN/A77627210,4568,411
2020-02-04$209.32$170.0042.5%13.8%18.5%29.1%48.6%3.4%-1.4%3.1M-124.9M-471.4K0.8056.20N/AN/A64851710,6608,528
2020-02-05$206.53$175.0043.6%14.0%19.7%31.4%49.8%3.9%-1.4%3.0M-112.3M-489.7K0.4652.99N/AN/A46621310,8628,907
2020-02-06$204.90$195.0044.6%12.1%19.2%33.8%41.6%3.3%-1.5%3.2M-107.3M-481.9K1.2843.23N/AN/A9261,18411,0699,053
2020-02-07$207.22$200.0045.0%12.3%19.0%34.5%42.9%3.5%-2.2%3.0M-109.9M-511.9K0.5536.14N/AN/A2,6601,45811,80010,142
2020-02-10$212.85$200.0045.6%12.5%19.6%36.0%43.3%4.5%-1.1%2.9M-134.4M-517.5K0.9033.27N/AN/A6,4685,85313,16210,971
2020-02-11$227.69$200.0034.5%9.7%28.8%11.2%35.4%3.9%-0.8%10.0M-246.2M-494.3K0.6348.23N/AN/A7,0224,40616,52216,167
2020-02-12$234.51$210.0033.2%9.7%29.1%8.4%34.3%3.3%0.6%10.0M-274.8M-512.1K0.6748.26N/AN/A2,7121,80916,83217,089
2020-02-13$243.26$210.0034.7%10.0%30.3%11.8%36.0%3.0%-0.2%7.2M-309.3M-521.9K0.5845.37N/AN/A3,9032,27416,48317,538
2020-02-14$241.71$220.0033.2%9.6%31.0%8.3%34.8%2.4%0.7%6.5M-298.3M-583.5K0.7346.59N/AN/A1,9081,39217,58518,548
2020-02-18$245.45$220.0033.7%9.7%31.0%9.5%35.7%3.1%1.2%5.1M-235.3M-570.4K1.4451.59N/AN/A7311,05114,27112,165
2020-02-19$248.96$220.0034.8%10.0%30.9%11.8%35.4%2.6%0.5%4.8M-252.0M-563.8K0.8353.11N/AN/A1,7011,40614,50212,724
2020-02-20$243.77$220.0037.1%10.6%32.7%17.1%37.2%2.2%1.0%4.1M-224.8M-629.1K0.5852.97N/AN/A3,3761,95715,17213,446
2020-02-21$234.81$220.0039.2%11.2%36.9%21.7%39.0%2.2%0.3%2.9M-162.6M-681.0K0.7529.82N/AN/A1,4091,06315,57714,601
2020-02-24$234.43$220.0042.4%12.1%36.6%28.9%44.0%4.3%-1.1%2.3M-107.0M-673.9K0.6225.26N/AN/A2,6301,64312,75310,379
2020-02-25$235.40$220.0043.9%12.7%36.3%32.2%45.5%4.6%-1.1%4.9M-128.2M-691.9K2.3025.94N/AN/A8071,85614,62910,914
2020-02-26$235.33$220.0045.1%12.9%35.8%34.8%45.5%5.3%-1.7%3.1M-116.7M-694.6K0.8417.02N/AN/A72060714,08812,131
2020-02-27$237.62$220.0054.5%16.4%35.7%55.9%57.0%3.9%-2.4%3.5M-132.8M-711.9K0.2724.03N/AN/A2,69574014,13112,189
2020-02-28$232.73$220.0058.4%17.5%37.1%64.5%58.0%8.4%-3.8%4.2M-96.4M-740.6K0.8224.00N/AN/A2,3241,90315,25012,482