RNG Options History — June 2020

In June 2020, RNG traded between $250.49 and $292.46. ATM implied volatility averaged 55.4%, placing in the 38.5% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded below realized volatility by 5.2% (HV 20d: 60.6%). Max pain ranged from $210.00 to $255.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.70.

Notable Days

  • 2020-06-04: Highest Volume — 8,527 contracts
  • 2020-06-26: Largest IV spike — 14.2% change
  • 2020-06-29: Highest IV Rank — 50.8%
  • 2020-06-29: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$271.64$250.49$292.46$279.93$284.35
Max Pain$224.77$210.00$255.00$255.00$255.00
ATM IV55.4%50.1%63.6%56.8%62.6%
Expected Move15.5%14.2%17.3%15.8%16.1%
HV 20d60.6%55.2%70.6%57.8%70.6%
HV 60d79.8%67.3%93.1%92.4%70.6%
IV Rank38.5%30.7%50.8%40.7%49.2%
IV Percentile74.7%67.9%82.9%78.2%82.1%
Term Structure0.3%-4.0%5.7%-1.0%-0.5%
VWIV54.3%49.4%61.4%56.6%57.4%
Skew 25d3.7%0.6%6.3%6.3%2.4%
Skew 10d5.7%-4.3%12.5%12.5%8.3%
Call IV 25d53.9%48.1%61.0%54.9%60.3%
Put IV 25d57.6%51.3%64.6%61.2%62.7%
Bid-Ask Spread %65.9756.6078.5656.6061.83
Gamma HHI0.080.050.200.080.05
Net GEX2.5M-2.1M7.5M1.7M3.4M
Net DEX-158.9M-262.4M-67.4M-165.7M-193.7M
Net VEX-856.7K-1.1M-680.7K-686.2K-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.261.410.580.60
Total Volume3,365.3189348,5272,0871,944
Total OI26,994.27319,81032,46119,81031,356

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$279.93$255.0056.8%15.8%57.8%40.7%56.6%6.3%-1.0%1.7M-165.7M-686.2K0.5856.60N/AN/A1,31876911,0468,764
2020-06-02$272.43$255.0054.0%15.0%55.2%36.5%52.5%2.6%-1.7%1.4M-143.7M-680.7K0.5358.16N/AN/A1,21563811,4589,225
2020-06-03$272.13$255.0050.1%14.2%55.3%30.7%49.4%5.5%3.1%1.1M-147.4M-705.7K0.9060.08N/AN/A49244212,0999,552
2020-06-04$252.22$210.0053.0%14.7%60.8%35.0%51.7%5.8%-1.0%85.5K-78.7M-681.6K0.7661.90N/AN/A4,8333,69412,1399,613
2020-06-05$250.49$210.0051.9%14.2%57.8%33.3%50.0%1.8%2.3%-465.3K-67.4M-757.4K1.3766.43N/AN/A1,7032,33214,29711,147
2020-06-08$259.64$210.0053.1%14.6%58.4%35.1%51.2%5.8%-1.8%1.1M-113.1M-788.4K0.7164.97N/AN/A1,07075913,79210,951
2020-06-09$258.39$210.0053.7%15.0%56.7%36.1%51.4%4.3%-0.8%918.5K-107.4M-794.3K0.4864.35N/AN/A77036614,08711,373
2020-06-10$275.18$210.0053.5%15.3%61.2%35.7%53.8%5.7%-0.1%2.8M-175.6M-807.3K0.4772.43N/AN/A2,4051,12414,24011,583
2020-06-11$258.12$210.0058.9%16.8%64.9%43.7%59.2%4.3%-1.2%648.6K-100.5M-836.9K0.9169.41N/AN/A1,1251,01914,90212,264
2020-06-12$259.84$210.0060.3%16.9%63.8%45.8%58.9%3.6%-1.4%-2.1M-104.0M-820.0K0.6667.99N/AN/A2,0731,37814,97212,624
2020-06-15$269.46$210.0056.8%16.2%62.3%40.5%56.1%3.5%1.3%1.6M-147.9M-845.1K0.3572.68N/AN/A1,77962114,39911,426
2020-06-16$276.99$210.0053.3%15.3%56.1%35.4%53.6%2.4%-0.5%3.7M-191.3M-836.3K0.5472.99N/AN/A3,0081,63915,24511,905
2020-06-17$270.90$210.0053.4%15.3%56.7%35.6%53.7%4.4%-4.0%3.0M-160.2M-864.4K0.2678.18N/AN/A3,17881815,80512,925
2020-06-18$283.98$210.0051.8%14.8%59.0%33.2%51.4%3.5%-1.6%7.5M-244.6M-889.5K0.5474.15N/AN/A1,76394717,07013,181
2020-06-19$277.09$220.0052.2%15.1%59.7%33.9%53.0%4.3%-0.6%3.9M-204.2M-907.1K0.8678.56N/AN/A2,0531,76618,60613,855
2020-06-22$287.31$220.0053.3%15.0%60.8%35.4%52.8%3.8%1.9%5.3M-230.9M-911.9K0.4962.40N/AN/A2,00499116,17111,014
2020-06-23$279.14$220.0052.8%14.8%60.0%34.7%52.3%2.2%4.2%4.9M-196.8M-947.0K1.2261.59N/AN/A2,4302,96417,07311,768
2020-06-24$268.45$220.0055.5%15.5%62.0%38.7%54.7%0.6%3.7%2.2M-140.1M-940.9K0.5965.81N/AN/A1,7791,04117,24312,217
2020-06-25$278.20$240.0055.1%15.5%62.3%38.1%54.2%0.9%5.7%4.5M-195.3M-984.2K1.4160.15N/AN/A1,2811,81217,75612,741
2020-06-26$292.46$240.0063.0%17.1%62.8%49.8%61.4%3.5%1.6%6.9M-262.4M-1.0M0.3759.76N/AN/A5,5082,05418,10414,034
2020-06-29$269.42$255.0063.6%17.3%68.6%50.8%60.1%3.7%-0.4%1.7M-124.7M-1.0M0.7961.01N/AN/A1,7511,38116,91612,936
2020-06-30$284.35$255.0062.6%16.1%70.6%49.2%57.4%2.4%-0.5%3.4M-193.7M-1.1M0.6061.83N/AN/A1,21672817,48013,876