RNG Options History — December 2020

In December 2020, RNG traded between $305.10 and $399.79. ATM implied volatility averaged 47.1%, placing in the 26.1% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded above realized volatility by 3.3% (HV 20d: 43.8%). Max pain ranged from $270.00 to $310.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 1.44.

Notable Days

  • 2020-12-02: Highest Volume — 7,900 contracts
  • 2020-12-07: Largest IV spike — 5.6% change
  • 2020-12-22: Highest IV Rank — 28.6%
  • 2020-12-02: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$364.01$305.10$399.79$305.10$377.82
Max Pain$283.64$270.00$310.00$270.00$310.00
ATM IV47.1%45.4%48.7%45.5%47.5%
Expected Move13.5%12.5%14.0%13.9%12.5%
HV 20d43.8%35.4%61.3%57.3%35.4%
HV 60d47.4%46.1%50.1%48.2%47.3%
IV Rank26.1%23.7%28.6%23.9%25.7%
IV Percentile29.0%23.8%32.1%27.8%27.8%
Term Structure0.7%-0.4%2.2%1.4%0.4%
VWIV48.1%45.0%50.6%49.2%45.0%
Skew 25d3.1%0.6%4.7%2.8%3.5%
Skew 10d6.6%3.4%9.0%6.8%6.9%
Call IV 25d46.1%43.5%48.3%44.7%45.9%
Put IV 25d49.2%46.7%51.5%47.5%49.5%
Bid-Ask Spread %66.7158.3376.6158.6376.61
Gamma HHI0.100.060.230.060.23
Net GEX5.0M-10.7M11.3M3.0M-10.7M
Net DEX-358.2M-549.5M-173.8M-173.8M-232.7M
Net VEX-997.8K-1.1M-841.4K-1.0M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.440.513.740.643.74
Total Volume3,662.8181,3137,9002,8093,914
Total OI37,630.68232,43343,57036,50835,964

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-12-01$305.10$270.0045.5%13.9%57.3%23.9%49.2%2.8%1.4%3.0M-173.8M-1.0M0.6458.63N/AN/A1,7131,09617,63018,878
2020-12-02$327.58$270.0046.4%14.0%61.3%25.2%49.6%3.7%1.3%6.7M-315.4M-1.0M0.5158.33N/AN/A5,2412,65918,53419,196
2020-12-03$337.07$270.0046.0%13.3%59.6%24.6%47.9%3.8%2.2%8.2M-368.8M-1.0M0.9161.09N/AN/A2,2202,01519,28519,901
2020-12-04$332.68$280.0045.4%13.5%58.2%23.7%48.0%3.2%1.9%7.3M-336.4M-1.0M2.2766.14N/AN/A1,3032,95619,67620,642
2020-12-07$345.89$280.0048.0%13.9%58.6%27.5%50.6%4.7%0.4%6.2M-347.3M-1.0M0.6764.48N/AN/A1,9821,32217,84119,571
2020-12-08$347.85$280.0047.9%13.8%42.9%27.3%49.6%3.4%0.8%6.6M-356.2M-1.0M0.9264.11N/AN/A68462918,43819,884
2020-12-09$338.56$280.0047.6%13.8%43.4%27.0%48.9%4.0%0.6%5.4M-300.9M-1.0M0.8565.22N/AN/A1,01285818,45319,968
2020-12-10$347.35$280.0047.4%13.7%43.7%26.7%49.5%3.4%0.5%7.6M-359.6M-975.8K1.0067.19N/AN/A84284418,81520,306
2020-12-11$351.32$280.0046.9%13.5%38.8%26.0%49.1%3.6%0.0%9.8M-388.0M-971.5K1.8265.92N/AN/A1,7633,20618,97620,430
2020-12-14$352.96$280.0046.5%13.4%37.7%25.4%47.3%2.9%-0.2%7.2M-350.1M-949.2K1.0267.44N/AN/A1,0091,03217,82919,658
2020-12-15$351.83$280.0045.9%13.2%37.3%24.5%47.5%3.6%0.1%6.8M-341.9M-934.6K0.8069.00N/AN/A2,1921,74618,14120,107
2020-12-16$367.40$280.0046.1%13.2%39.1%24.7%46.6%2.7%-0.3%9.1M-434.8M-888.9K1.0069.01N/AN/A1,8911,88518,26220,993
2020-12-17$386.82$280.0048.1%13.8%40.2%27.6%48.7%1.4%0.2%11.3M-544.0M-841.4K0.8963.41N/AN/A3,6223,20818,72221,775
2020-12-18$387.21$280.0047.1%13.4%40.4%26.2%47.7%0.6%0.8%6.9M-549.5M-907.2K1.3064.79N/AN/A2,4003,12520,29523,275
2020-12-21$393.35$290.0048.3%13.6%40.1%28.0%49.3%3.2%0.8%4.5M-372.5M-927.6K2.0763.95N/AN/A1,5733,25514,60317,830
2020-12-22$399.79$290.0048.7%13.9%37.7%28.6%48.6%2.1%0.3%3.9M-413.2M-1.0M0.8866.87N/AN/A1,3581,19415,37620,342
2020-12-23$398.26$290.0047.4%12.9%36.2%26.7%46.6%3.3%-0.4%6.2M-411.0M-1.0M1.9368.92N/AN/A1,2252,36315,89520,861
2020-12-24$397.75$290.0046.3%13.1%36.7%24.8%46.0%2.3%1.4%9.5M-405.6M-1.1M2.0971.47N/AN/A8241,72616,16322,205
2020-12-28$388.72$290.0047.9%13.4%39.3%27.2%47.5%4.1%0.9%-383.2K-305.7M-1.1M2.2371.15N/AN/A1,0782,40614,54718,637
2020-12-29$385.24$290.0048.2%13.4%40.1%26.9%48.5%3.2%0.9%-4.0M-271.0M-1.1M2.4871.81N/AN/A7811,94014,89219,864
2020-12-30$387.65$300.0047.5%13.1%39.9%25.8%47.1%2.7%0.8%-1.9M-303.1M-1.1M1.7172.16N/AN/A9181,57215,12920,086
2020-12-31$377.82$310.0047.5%12.5%35.4%25.7%45.0%3.5%0.4%-10.7M-232.7M-1.1M3.7476.61N/AN/A8263,08815,43520,529