RNG Options History — August 2020

In August 2020, RNG traded between $265.37 and $305.26. ATM implied volatility averaged 49.1%, placing in the 29.1% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded below realized volatility by 3.1% (HV 20d: 52.2%). Max pain ranged from $265.00 to $280.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.04.

Notable Days

  • 2020-08-03: Highest Volume — 14,854 contracts
  • 2020-08-07: Largest IV spike — 16.5% change
  • 2020-08-03: Highest IV Rank — 42.6%
  • 2020-08-03: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$287.17$265.37$305.26$305.26$291.24
Max Pain$277.98$265.00$280.00$265.00$280.00
ATM IV49.1%44.7%58.1%58.1%50.9%
Expected Move14.0%12.7%18.1%18.1%14.9%
HV 20d52.2%44.1%59.8%53.7%44.1%
HV 60d57.7%54.3%60.3%58.3%54.3%
IV Rank29.1%22.7%42.6%42.6%31.8%
IV Percentile52.2%44.4%69.4%69.4%53.6%
Term Structure0.0%-1.2%2.1%-1.1%0.8%
VWIV49.5%44.3%63.9%63.9%49.9%
Skew 25d5.5%2.9%8.8%6.5%6.6%
Skew 10d12.1%7.2%19.5%14.8%10.0%
Call IV 25d46.7%42.4%55.9%55.9%47.3%
Put IV 25d52.2%46.3%62.4%62.4%53.9%
Bid-Ask Spread %59.9550.4272.0753.1256.10
Gamma HHI0.080.050.370.070.07
Net GEX3.5M-11.9M8.9M5.0M3.9M
Net DEX-161.9M-250.2M9.2M-250.2M-158.2M
Net VEX-1.1M-1.2M-1.0M-1.2M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.423.421.383.42
Total Volume3,739.7141,25514,85414,8542,303
Total OI41,996.04828,67850,00942,41331,071

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$305.26$265.0058.1%18.1%53.7%42.6%63.9%6.5%-1.1%5.0M-250.2M-1.2M1.3853.12N/AN/A6,2298,62518,96623,447
2020-08-04$295.23$277.5049.1%14.0%55.1%29.2%50.7%8.8%-0.4%3.3M-190.6M-1.1M0.9054.76N/AN/A4,8374,36921,37428,301
2020-08-05$291.28$275.0050.4%14.1%54.6%31.2%55.1%5.9%-1.1%2.5M-173.8M-1.2M0.8956.37N/AN/A1,6581,47021,22428,082
2020-08-06$288.11$270.0047.8%13.6%54.7%27.2%47.7%4.7%0.2%1.6M-166.2M-1.1M0.5861.80N/AN/A1,69598421,75928,041
2020-08-07$266.29$270.0055.6%15.6%59.8%38.9%54.4%8.0%-1.2%-11.9M9.2M-1.1M1.8856.04N/AN/A3,9167,38121,99928,010
2020-08-10$265.37$280.0053.1%14.9%52.8%35.1%54.2%7.1%-0.2%1.2M-58.6M-1.2M0.8154.92N/AN/A1,7321,41121,10323,503
2020-08-11$281.46$280.0054.1%15.2%56.5%36.6%53.3%6.3%-0.9%4.8M-166.2M-1.2M0.7959.60N/AN/A3,2032,53321,92224,214
2020-08-12$280.71$280.0050.9%14.5%56.3%31.9%51.1%6.2%-0.7%4.8M-160.6M-1.2M0.8363.05N/AN/A93977822,04824,942
2020-08-13$287.49$280.0049.3%14.0%56.0%29.5%50.2%6.9%-0.5%5.2M-203.4M-1.2M0.5963.76N/AN/A1,52289722,13125,077
2020-08-14$284.43$280.0046.4%13.7%56.0%25.2%48.0%2.9%2.1%2.6M-186.3M-1.1M1.1064.39N/AN/A81489922,11425,016
2020-08-17$293.64$280.0046.8%13.4%53.4%25.7%46.9%5.1%-0.2%5.6M-209.2M-1.1M0.4366.32N/AN/A1,32257319,95923,433
2020-08-18$290.90$280.0044.8%12.9%51.3%22.9%44.3%4.6%0.1%6.1M-194.7M-1.1M1.2469.95N/AN/A75293520,21723,700
2020-08-19$289.10$280.0044.7%12.8%51.1%22.7%45.3%4.4%1.7%5.8M-182.1M-1.1M1.5571.45N/AN/A59792820,53224,260
2020-08-20$291.59$280.0044.9%12.8%50.4%23.0%44.3%4.6%0.5%6.8M-196.2M-1.1M0.6972.07N/AN/A74851820,58124,541
2020-08-21$290.68$280.0044.8%12.7%48.9%22.8%44.3%3.5%-0.0%8.9M-189.1M-1.1M0.4470.78N/AN/A1,59570120,55224,843
2020-08-24$283.22$280.0046.4%13.1%48.1%25.2%44.3%4.5%-0.7%2.3M-122.6M-1.0M1.0953.94N/AN/A1,1191,22116,05712,621
2020-08-25$283.67$280.0045.8%13.0%48.1%24.3%45.9%6.0%0.4%2.1M-125.7M-1.0M0.9650.42N/AN/A75872616,50613,346
2020-08-26$290.23$280.0048.5%13.5%48.1%28.4%48.0%3.1%0.3%3.6M-156.4M-1.1M0.6852.96N/AN/A2,7011,83116,75513,655
2020-08-27$287.33$280.0047.6%13.7%48.3%26.9%47.6%5.3%0.8%3.4M-141.8M-1.1M1.1352.51N/AN/A59066518,12414,731
2020-08-28$293.39$280.0050.0%14.4%48.0%30.5%49.0%4.4%0.1%6.0M-178.0M-1.1M0.4254.63N/AN/A1,44661318,24814,912
2020-08-31$291.24$280.0050.9%14.9%44.1%31.8%49.9%6.6%0.8%3.9M-158.2M-1.1M3.4256.10N/AN/A5211,78217,76213,309