RNG Options History — April 2021

In April 2021, RNG traded between $298.55 and $328.88. ATM implied volatility averaged 45.0%, placing in the 8.4% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 4.4% (HV 20d: 40.6%). Max pain ranged from $310.00 to $320.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.81.

Notable Days

2021-04-13: Highest Volume — 5,410 contracts
2021-04-05: Largest IV spike — 15.7% change
2021-04-06: Highest IV Rank — 18.5%
2021-04-06: Largest Expected Move — 13.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$319.20	$298.55	$328.88	$304.10	$319.82
Max Pain	$314.17	$310.00	$320.00	$320.00	$320.00
ATM IV	45.0%	41.3%	49.5%	42.4%	44.9%
Expected Move	13.1%	12.1%	13.9%	12.1%	13.5%
HV 20d	40.6%	31.2%	49.1%	48.4%	31.2%
HV 60d	47.4%	45.8%	48.2%	48.0%	45.9%
IV Rank	8.4%	0.0%	18.5%	0.0%	9.7%
IV Percentile	9.0%	0.0%	31.3%	0.0%	7.9%
Term Structure	-0.6%	-3.5%	4.7%	3.8%	-2.4%
VWIV	45.4%	37.9%	49.1%	37.9%	47.3%
Skew 25d	3.4%	1.1%	7.2%	2.9%	3.7%
Skew 10d	5.5%	-3.2%	12.5%	10.8%	3.8%
Call IV 25d	42.9%	38.7%	46.2%	42.8%	42.7%
Put IV 25d	46.4%	42.4%	52.6%	45.7%	46.3%
Bid-Ask Spread %	58.54	49.47	78.50	78.50	53.76
Gamma HHI	0.10	0.05	0.40	0.07	0.40
Net GEX	3.8M	124.6K	10.0M	2.1M	10.0M
Net DEX	-122.8M	-222.0M	5.1M	-8.9M	-102.0M
Net VEX	-1.5M	-1.5M	-1.4M	-1.5M	-1.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.81	0.13	3.14	0.72	1.48
Total Volume	1,697.381	586	5,410	2,080	2,066
Total OI	31,337.048	26,147	36,710	35,940	28,807

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-04-01	$304.10	$320.00	42.4%	12.1%	48.4%	0.0%	37.9%	2.9%	3.8%	2.1M	-8.9M	-1.5M	0.72	78.50	N/A	N/A	1,208	872	18,032	17,908
2021-04-05	$298.55	$310.00	49.0%	13.9%	47.9%	17.3%	49.1%	4.0%	-2.2%	124.6K	5.1M	-1.5M	3.14	57.46	N/A	N/A	292	917	17,035	16,341
2021-04-06	$306.79	$310.00	49.5%	13.9%	49.1%	18.5%	47.9%	7.2%	-3.5%	604.8K	-34.8M	-1.5M	0.54	56.54	N/A	N/A	671	363	17,206	16,625
2021-04-07	$306.02	$310.00	46.1%	13.6%	44.4%	9.5%	47.5%	1.1%	2.8%	936.7K	-35.0M	-1.5M	0.13	58.51	N/A	N/A	2,697	361	17,507	16,718
2021-04-08	$314.98	$310.00	45.4%	13.1%	45.9%	7.7%	46.2%	4.1%	0.1%	5.2M	-117.8M	-1.5M	0.24	60.39	N/A	N/A	1,556	380	19,146	16,732
2021-04-09	$317.03	$310.00	43.4%	12.6%	41.7%	2.7%	44.5%	3.7%	-0.3%	5.5M	-131.3M	-1.5M	0.37	64.58	N/A	N/A	860	319	19,876	16,834
2021-04-12	$318.14	$310.00	45.6%	12.9%	41.4%	8.4%	44.9%	2.5%	-0.5%	4.9M	-132.2M	-1.5M	1.18	63.87	N/A	N/A	434	510	18,167	15,551
2021-04-13	$327.19	$310.00	43.5%	13.0%	42.9%	3.0%	45.5%	2.4%	0.4%	5.0M	-186.7M	-1.5M	0.90	64.30	N/A	N/A	2,841	2,569	18,334	15,831
2021-04-14	$318.96	$310.00	44.4%	12.7%	41.6%	5.2%	44.2%	1.1%	1.8%	5.4M	-143.9M	-1.4M	0.49	62.93	N/A	N/A	709	348	18,425	15,963
2021-04-15	$328.76	$310.00	43.4%	12.4%	42.7%	2.7%	43.5%	3.5%	-1.3%	5.9M	-222.0M	-1.4M	0.43	64.89	N/A	N/A	811	345	18,673	15,607
2021-04-16	$325.90	$310.00	41.3%	12.4%	41.2%	0.0%	43.4%	4.4%	4.7%	5.6M	-215.6M	-1.4M	0.86	66.18	N/A	N/A	1,291	1,109	18,885	15,585
2021-04-19	$317.80	$310.00	45.3%	13.0%	42.2%	10.6%	44.9%	3.1%	0.2%	3.5M	-123.4M	-1.4M	0.64	50.64	N/A	N/A	1,284	825	14,864	11,283
2021-04-20	$325.83	$310.00	45.3%	13.0%	42.6%	10.6%	43.9%	3.4%	-1.4%	4.4M	-155.5M	-1.5M	1.06	49.47	N/A	N/A	1,007	1,072	15,493	11,887
2021-04-21	$326.12	$320.00	45.1%	12.9%	42.5%	10.0%	45.4%	3.2%	-1.1%	4.0M	-153.8M	-1.5M	0.18	51.52	N/A	N/A	1,288	232	15,669	12,609
2021-04-22	$328.55	$317.50	45.1%	12.9%	38.4%	10.1%	45.6%	3.6%	-0.3%	4.4M	-166.6M	-1.5M	0.47	51.03	N/A	N/A	819	387	15,771	12,686
2021-04-23	$322.34	$320.00	44.4%	12.9%	37.7%	8.4%	45.9%	4.1%	-2.5%	1.3M	-138.1M	-1.4M	0.97	54.41	N/A	N/A	614	593	15,661	12,797
2021-04-26	$328.88	$320.00	45.4%	13.6%	34.2%	11.0%	45.7%	1.8%	-2.0%	2.9M	-148.0M	-1.4M	0.37	53.89	N/A	N/A	857	320	14,266	12,176
2021-04-27	$327.07	$320.00	44.8%	13.0%	32.6%	9.4%	46.1%	2.1%	-3.5%	3.1M	-146.8M	-1.5M	0.96	55.25	N/A	N/A	475	454	14,762	12,584
2021-04-28	$324.62	$320.00	45.4%	13.6%	32.9%	11.1%	46.0%	3.5%	-2.5%	3.1M	-135.4M	-1.4M	0.85	55.38	N/A	N/A	316	270	15,023	12,694
2021-04-29	$315.83	$320.00	45.5%	13.7%	31.4%	11.3%	47.4%	6.1%	-2.5%	1.7M	-86.9M	-1.4M	1.01	55.85	N/A	N/A	647	656	15,172	12,893
2021-04-30	$319.82	$320.00	44.9%	13.5%	31.2%	9.7%	47.3%	3.7%	-2.4%	10.0M	-102.0M	-1.4M	1.48	53.76	N/A	N/A	834	1,232	15,459	13,348