RNG Options History — March 2021

In March 2021, RNG traded between $282.02 and $383.59. ATM implied volatility averaged 47.4%, placing in the 7.6% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded below realized volatility by 7.4% (HV 20d: 54.8%). Max pain ranged from $320.00 to $390.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 1.74.

Notable Days

  • 2021-03-31: Highest Volume — 5,810 contracts
  • 2021-03-03: Largest IV spike — 10.8% change
  • 2021-03-05: Highest IV Rank — 17.9%
  • 2021-03-08: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$324.49$282.02$383.59$383.59$299.53
Max Pain$337.17$320.00$390.00$390.00$320.00
ATM IV47.4%42.5%53.4%46.9%43.8%
Expected Move13.7%12.4%15.2%13.0%13.2%
HV 20d54.8%43.9%58.7%45.6%48.2%
HV 60d45.1%39.2%47.9%41.1%47.9%
IV Rank7.6%0.0%17.9%5.4%3.3%
IV Percentile15.7%0.0%38.5%13.5%1.2%
Term Structure0.4%-3.4%6.0%-2.2%3.1%
VWIV48.0%43.1%53.7%47.1%44.8%
Skew 25d4.7%1.5%8.0%4.2%3.5%
Skew 10d9.5%3.7%15.7%5.3%3.7%
Call IV 25d45.5%40.2%51.1%44.5%43.9%
Put IV 25d50.2%45.1%59.1%48.7%47.4%
Bid-Ask Spread %71.7658.1680.0558.1672.34
Gamma HHI0.070.040.140.040.05
Net GEX-2.4M-4.2M-534.0K-978.9K-534.0K
Net DEX71.5M-63.9M156.5M-63.9M62.0M
Net VEX-1.2M-1.2M-1.0M-1.2M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.740.235.750.840.28
Total Volume2,098.4786755,8108225,810
Total OI27,799.8723,90132,26923,90132,269

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$383.59$390.0046.9%13.0%45.6%5.4%47.1%4.2%-2.2%-978.9K-63.9M-1.2M0.8458.16N/AN/A4473759,63614,265
2021-03-02$372.11$390.0046.0%13.0%43.9%3.7%46.2%1.5%-1.3%-2.0M-23.0M-1.2M1.7562.56N/AN/A5038829,88914,552
2021-03-03$335.51$390.0050.9%14.8%54.9%13.1%51.1%4.9%0.4%-2.8M85.8M-1.1M2.0477.31N/AN/A1,3032,65910,20214,911
2021-03-04$328.10$330.0051.0%14.5%55.1%13.3%49.5%6.0%1.1%-3.9M119.5M-1.1M4.2871.52N/AN/A6432,75011,16415,932
2021-03-05$319.43$340.0053.4%15.0%55.4%17.9%53.7%8.0%-1.0%-2.3M139.0M-1.2M2.2471.22N/AN/A1,0102,26111,48416,195
2021-03-08$318.39$330.0053.3%15.2%53.7%17.7%53.0%4.8%-0.4%-2.4M97.2M-1.1M0.6871.83N/AN/A98066711,02015,320
2021-03-09$336.31$330.0050.8%14.5%58.5%12.8%51.1%5.0%0.6%-1.6M42.9M-1.2M1.6270.41N/AN/A26042211,69115,635
2021-03-10$332.86$330.0050.3%14.6%55.0%11.9%49.5%6.4%1.7%-1.9M54.0M-1.2M1.4373.95N/AN/A32346211,82815,808
2021-03-11$349.79$330.0047.0%13.8%58.7%5.8%48.5%5.0%0.8%-842.5K-9.5M-1.2M2.3569.35N/AN/A42299012,02115,844
2021-03-12$342.96$330.0047.5%14.0%58.6%6.7%49.0%3.3%2.0%-1.4M21.4M-1.2M1.3771.44N/AN/A30641812,15016,207
2021-03-15$343.35$330.0048.8%14.1%57.1%9.0%47.2%4.4%-2.5%-1.5M12.8M-1.2M0.4372.49N/AN/A64427911,78515,547
2021-03-16$330.01$330.0046.4%13.4%57.9%4.5%47.1%4.8%-2.5%-3.1M60.6M-1.2M2.1475.46N/AN/A6531,39612,22615,693
2021-03-17$324.85$330.0047.5%13.6%57.5%7.8%50.6%4.1%0.4%-3.8M77.7M-1.1M5.7580.05N/AN/A4542,61012,57416,211
2021-03-18$314.77$330.0048.7%14.0%57.2%10.5%51.1%3.9%-0.6%-3.6M120.1M-1.1M1.9478.49N/AN/A37572612,78216,786
2021-03-19$316.79$330.0045.2%13.3%57.4%2.7%46.0%3.1%-3.4%-4.2M113.4M-1.1M1.0679.39N/AN/A9831,04612,99316,914
2021-03-22$322.92$330.0044.8%12.6%54.1%1.7%44.2%5.7%0.9%-967.6K42.4M-1.2M2.9365.65N/AN/A5151,50911,45115,100
2021-03-23$324.79$330.0043.2%12.4%54.4%0.0%43.1%4.9%0.4%-770.3K38.1M-1.2M0.8569.02N/AN/A36531011,76015,971
2021-03-24$309.24$330.0042.9%12.4%56.2%0.0%43.3%4.6%0.4%-2.0M90.3M-1.1M1.2768.05N/AN/A75996611,84815,948
2021-03-25$301.01$330.0042.5%13.1%55.7%0.0%44.9%4.7%6.0%-2.5M111.1M-1.1M1.6569.67N/AN/A8601,41712,39416,282
2021-03-26$289.01$330.0046.6%13.3%55.6%8.8%48.4%6.4%0.2%-4.2M151.8M-1.0M1.9774.63N/AN/A7021,38312,62616,742
2021-03-29$282.02$325.0046.2%13.0%54.9%7.8%46.6%4.4%3.0%-3.6M156.5M-1.0M0.9276.33N/AN/A78672111,84716,735
2021-03-30$285.85$320.0046.8%14.0%55.5%11.0%47.6%4.1%1.8%-3.4M143.9M-1.1M0.2371.08N/AN/A4,00191212,39216,767
2021-03-31$299.53$320.0043.8%13.2%48.2%3.3%44.8%3.5%3.1%-534.0K62.0M-1.2M0.2872.34N/AN/A4,5431,26715,13117,138