RNG Options History — February 2021

In February 2021, RNG traded between $372.46 and $442.91. ATM implied volatility averaged 51.4%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded above realized volatility by 11.0% (HV 20d: 40.4%). Max pain ranged from $380.00 to $400.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 1.50.

Notable Days

  • 2021-02-16: Highest Volume — 10,498 contracts
  • 2021-02-25: Largest IV spike — 11.4% change
  • 2021-02-01: Highest IV Rank — 40.1%
  • 2021-02-01: Largest Expected Move — 17.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$408.48$372.46$442.91$388.38$379.53
Max Pain$390.00$380.00$400.00$380.00$390.00
ATM IV51.4%45.9%58.7%58.7%49.0%
Expected Move14.8%13.2%17.5%17.5%14.1%
HV 20d40.4%35.7%47.7%38.5%45.5%
HV 60d40.0%36.7%46.3%46.3%41.3%
IV Rank24.6%3.7%40.1%40.1%9.5%
IV Percentile30.6%6.7%60.7%60.7%22.6%
Term Structure-0.8%-4.7%1.7%-4.7%0.5%
VWIV52.1%45.9%61.6%61.6%48.5%
Skew 25d2.9%-1.2%5.3%3.1%1.2%
Skew 10d5.8%0.6%12.0%3.2%10.6%
Call IV 25d50.4%44.7%57.8%57.1%50.8%
Put IV 25d53.3%46.7%60.9%60.3%52.0%
Bid-Ask Spread %50.1034.5864.1747.6356.99
Gamma HHI0.060.030.110.060.05
Net GEX-113.3K-5.9M3.3M-1.4M-1.8M
Net DEX-143.9M-263.3M-5.9M-96.6M-39.4M
Net VEX-1.2M-1.3M-1.1M-1.2M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.500.902.661.541.64
Total Volume2,643.73761910,4981,5421,353
Total OI25,968.42122,08833,98122,08826,572

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$388.38$380.0058.7%17.5%38.5%40.1%61.6%3.1%-4.7%-1.4M-96.6M-1.2M1.5447.63N/AN/A6079358,00314,085
2021-02-02$400.91$380.0053.2%16.3%39.9%31.5%57.7%-1.2%-0.4%520.3K-140.1M-1.1M1.6846.60N/AN/A6171,0398,29014,420
2021-02-03$395.49$380.0052.6%16.4%40.3%30.5%57.7%4.5%0.1%38.1K-121.3M-1.1M0.9047.92N/AN/A6796108,56114,648
2021-02-04$395.11$390.0050.8%14.5%38.2%27.7%51.1%4.8%-0.4%707.1K-123.4M-1.2M1.2341.75N/AN/A2773428,95114,892
2021-02-05$405.68$390.0051.4%14.4%35.7%28.7%50.9%4.2%-0.2%550.9K-171.3M-1.1M2.0134.58N/AN/A8491,7039,04114,937
2021-02-08$407.31$390.0053.3%14.9%35.7%31.6%53.6%5.0%-2.5%272.8K-150.6M-1.1M1.8338.10N/AN/A4608448,63714,217
2021-02-09$425.76$390.0054.2%15.0%38.4%33.0%52.7%2.7%-1.9%1.3M-206.8M-1.1M0.9344.14N/AN/A1,2711,1868,75014,528
2021-02-10$430.59$390.0057.8%15.8%38.4%38.8%56.1%4.9%-3.0%2.3M-226.9M-1.1M1.6843.23N/AN/A1,0051,6859,80314,744
2021-02-11$431.68$390.0057.2%15.9%38.3%37.8%55.8%3.0%-2.0%2.3M-224.2M-1.2M0.9141.83N/AN/A60454710,05915,313
2021-02-12$442.91$390.0055.9%15.7%36.6%35.7%55.7%1.6%-2.0%3.3M-263.3M-1.1M1.0546.01N/AN/A1,9942,08410,31415,623
2021-02-16$435.38$390.0053.3%15.2%36.4%31.7%53.4%1.8%-0.3%2.8M-228.8M-1.2M1.1254.97N/AN/A4,9455,55310,39314,946
2021-02-17$421.71$390.0047.7%13.7%39.1%22.2%48.3%0.8%0.7%-5.9M-152.9M-1.3M2.2661.83N/AN/A1,8644,21713,68719,581
2021-02-18$426.23$390.0046.1%13.2%38.9%18.3%46.7%1.6%0.7%-4.4M-182.8M-1.3M1.4060.58N/AN/A1,5512,17913,74120,019
2021-02-19$426.95$400.0045.9%13.2%38.4%14.8%45.9%1.7%-0.3%2.7M-197.7M-1.3M1.0564.17N/AN/A1,0581,11313,95720,024
2021-02-22$396.51$400.0046.2%13.6%47.4%12.1%47.4%3.0%1.7%-664.7K-82.3M-1.3M1.5951.82N/AN/A6891,09310,37614,439
2021-02-23$392.40$400.0046.1%13.6%47.6%6.8%47.9%3.9%-0.5%-1.1M-68.0M-1.3M1.2555.39N/AN/A78097810,72714,754
2021-02-24$386.20$390.0045.9%13.4%47.7%3.7%46.9%3.3%0.3%-1.3M-52.1M-1.3M1.7653.00N/AN/A27147710,96315,207
2021-02-25$372.46$390.0051.1%14.7%46.6%13.5%52.0%5.3%-0.2%-2.3M-5.9M-1.3M2.6661.42N/AN/A7582,01411,06715,131
2021-02-26$379.53$390.0049.0%14.1%45.5%9.5%48.5%1.2%0.5%-1.8M-39.4M-1.3M1.6456.99N/AN/A51284111,32715,245