RNG Options History — March 2020

In March 2020, RNG traded between $144.36 and $242.58. ATM implied volatility averaged 71.8%, placing in the 72.8% IV rank vs the trailing year. The 30-day expected move averaged 20.8%. IV traded below realized volatility by 5.2% (HV 20d: 77.0%). Max pain ranged from $195.00 to $220.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 1.05.

Notable Days

  • 2020-03-27: Highest Volume — 8,585 contracts
  • 2020-03-27: Largest IV spike — 37.1% change
  • 2020-03-12: Highest IV Rank — 100.0%
  • 2020-03-16: Largest Expected Move — 27.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$201.36$144.36$242.58$237.69$211.97
Max Pain$202.16$195.00$220.00$220.00$200.00
ATM IV71.8%49.0%96.8%49.1%73.7%
Expected Move20.8%14.1%27.5%14.1%20.4%
HV 20d77.0%37.5%126.0%37.5%126.0%
HV 60d50.4%26.5%76.5%26.5%76.5%
IV Rank72.8%43.5%100.0%43.8%65.7%
IV Percentile98.0%92.9%100.0%94.0%95.6%
Term Structure-0.6%-4.6%3.4%0.1%2.6%
VWIV74.0%50.0%98.1%50.0%72.1%
Skew 25d15.5%3.9%29.1%3.9%8.9%
Skew 10d30.0%8.1%54.0%9.0%17.2%
Call IV 25d64.7%45.4%88.1%47.7%72.3%
Put IV 25d80.2%51.6%109.5%51.6%81.3%
Bid-Ask Spread %43.8820.1064.5028.1253.84
Gamma HHI0.080.060.150.100.15
Net GEX563.6K-895.9K3.5M3.5M2.6M
Net DEX-30.3M-187.9M89.5M-126.8M-77.1M
Net VEX-689.7K-807.7K-460.8K-719.9K-744.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.182.260.500.52
Total Volume2,577.2275738,5851,0987,011
Total OI26,586.13623,52231,54423,52231,544

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$237.69$220.0049.1%14.1%37.5%43.8%50.0%3.9%0.1%3.5M-126.8M-719.9K0.5028.12N/AN/A73036813,7259,797
2020-03-03$228.52$220.0052.1%15.9%40.8%50.5%59.3%8.3%-0.3%2.2M-89.0M-721.2K0.9523.27N/AN/A1,2161,15714,0219,934
2020-03-04$230.57$220.0049.0%14.3%40.4%43.5%51.0%6.5%-1.6%2.1M-95.3M-729.5K1.8820.10N/AN/A46386914,42111,072
2020-03-05$225.51$200.0056.8%15.4%41.1%60.9%53.9%8.8%-0.7%757.8K-73.1M-750.8K1.4540.82N/AN/A8821,27514,47811,488
2020-03-06$213.65$200.0061.1%17.0%45.9%70.4%60.6%13.5%-1.2%-535.4K-16.4M-742.5K2.2644.17N/AN/A9442,13414,91012,426
2020-03-09$210.04$200.0065.7%17.9%46.2%80.6%63.3%14.0%-2.5%-212.0K-22.7M-742.2K1.4441.29N/AN/A64392413,43911,658
2020-03-10$213.58$200.0058.9%16.6%45.6%65.6%55.9%14.0%-0.2%-120.4K-32.2M-725.1K1.1146.89N/AN/A50856313,68011,565
2020-03-11$198.17$200.0065.9%18.3%45.7%81.1%67.6%17.5%-2.9%-738.7K12.8M-679.1K0.9960.93N/AN/A1,7931,77713,86311,577
2020-03-12$181.91$200.0077.7%22.7%51.5%100.0%80.2%19.0%3.4%-895.9K51.9M-658.1K1.2644.08N/AN/A43955214,89912,683
2020-03-13$166.56$200.0081.0%22.5%54.6%100.0%85.9%20.2%-3.9%-781.0K80.9M-564.9K1.1458.52N/AN/A1,0631,21114,56712,515
2020-03-16$144.36$200.0096.8%27.5%69.8%100.0%96.0%29.1%0.1%-525.8K89.5M-460.8K2.2141.83N/AN/A42193114,03612,008
2020-03-17$161.89$200.0086.8%24.7%84.9%85.2%78.8%25.6%0.5%-547.2K66.9M-553.6K0.9138.33N/AN/A87779914,20711,728
2020-03-18$161.23$200.0088.6%25.4%84.1%87.8%89.5%24.3%2.5%-371.8K56.9M-558.0K0.6048.18N/AN/A1,04162914,74711,438
2020-03-19$185.75$200.0079.7%22.9%102.1%74.7%80.3%22.1%-1.1%-99.8K3.1M-662.7K0.6849.17N/AN/A1,9301,31615,08011,857
2020-03-20$186.97$200.0088.8%25.8%102.0%88.2%96.5%21.3%-4.6%57.6K-579.7K-693.1K1.4748.82N/AN/A1,5782,31515,95612,572
2020-03-23$188.21$200.0078.1%23.1%102.1%72.3%81.2%20.1%-0.7%-549.9K-3.9M-686.4K1.0041.93N/AN/A1,2711,27212,46112,379
2020-03-24$203.79$200.0064.3%19.2%107.0%51.8%69.8%17.5%-0.8%414.8K-46.6M-721.9K0.6546.59N/AN/A62040413,32113,127
2020-03-25$195.61$195.0070.7%20.2%107.6%61.3%74.6%18.7%-0.1%-134.8K-22.2M-706.1K0.5745.81N/AN/A36420913,48713,241
2020-03-26$212.81$197.5064.9%20.2%112.5%52.6%70.7%16.5%-0.4%1.0M-75.5M-746.1K0.1843.84N/AN/A2,50144913,56813,262
2020-03-27$242.58$195.0088.9%27.1%122.2%88.3%98.1%5.9%-3.7%2.1M-187.9M-807.7K0.2664.50N/AN/A6,8221,76314,53613,440
2020-03-30$228.63$200.0081.4%26.4%123.9%77.1%92.3%5.5%1.7%3.1M-160.3M-799.9K1.1134.44N/AN/A1,2641,40116,52813,654
2020-03-31$211.97$200.0073.7%20.4%126.0%65.7%72.1%8.9%2.6%2.6M-77.1M-744.2K0.5253.84N/AN/A4,6242,38717,00014,544