RNG Options History — May 2021

In May 2021, RNG traded between $235.11 and $315.97. ATM implied volatility averaged 43.4%, placing in the 13.3% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded below realized volatility by 10.6% (HV 20d: 54.0%). Max pain ranged from $260.00 to $320.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.68.

Notable Days

  • 2021-05-05: Highest Volume — 7,094 contracts
  • 2021-05-05: Largest IV drop — 17.2% change
  • 2021-05-12: Highest IV Rank — 37.9%
  • 2021-05-04: Largest Expected Move — 15.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$259.39$235.11$315.97$315.97$262.17
Max Pain$279.50$260.00$320.00$320.00$260.00
ATM IV43.4%39.1%50.5%45.7%39.8%
Expected Move12.7%11.1%15.5%14.6%11.1%
HV 20d54.0%30.7%63.1%30.7%62.8%
HV 60d50.9%45.9%53.1%45.9%49.0%
IV Rank13.3%0.0%37.9%11.9%2.1%
IV Percentile10.6%0.0%43.3%15.1%1.6%
Term Structure0.3%-1.0%2.4%-1.0%1.5%
VWIV44.2%38.6%53.8%49.2%38.6%
Skew 25d4.6%0.1%8.0%0.1%4.4%
Skew 10d9.1%1.3%18.6%9.2%2.4%
Call IV 25d41.7%37.1%53.4%44.2%37.1%
Put IV 25d46.3%41.5%57.1%44.3%41.5%
Bid-Ask Spread %64.6151.3076.8264.0061.44
Gamma HHI0.110.060.300.060.17
Net GEX-500.9K-5.6M4.8M818.3K4.8M
Net DEX67.9M-71.8M175.6M-71.8M-11.9M
Net VEX-1.4M-1.6M-1.3M-1.4M-1.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.082.120.630.08
Total Volume3,363.91,0797,0943,1834,499
Total OI35,339.4525,44838,50925,44837,605

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$315.97$320.0045.7%14.6%30.7%11.9%49.2%0.1%-1.0%818.3K-71.8M-1.4M0.6364.00N/AN/A1,9511,23213,21612,232
2021-05-04$294.23$320.0047.2%15.5%39.1%16.0%53.8%5.6%0.2%-339.8K-3.0M-1.4M2.1264.97N/AN/A1,8573,94614,84313,099
2021-05-05$290.63$310.0039.1%12.6%39.3%0.0%42.0%5.4%2.4%-2.6M16.8M-1.4M0.8651.30N/AN/A3,8223,27217,28316,139
2021-05-06$261.52$300.0042.9%12.6%52.0%11.9%43.5%4.7%0.4%-4.6M157.0M-1.3M1.2266.15N/AN/A2,4993,04217,81217,422
2021-05-07$255.87$290.0041.8%11.8%51.8%8.9%40.4%5.0%0.1%-5.6M175.6M-1.3M1.8362.09N/AN/A1,5862,90019,09418,437
2021-05-10$259.67$280.0042.5%12.2%52.3%11.3%42.7%7.3%-0.9%-1.6M90.5M-1.4M0.5164.25N/AN/A2,3481,20016,76515,593
2021-05-11$267.33$280.0044.9%12.7%52.4%19.0%44.8%5.5%-0.6%-217.5K53.2M-1.5M0.6166.53N/AN/A1,8191,10518,15716,229
2021-05-12$250.21$280.0050.5%14.2%55.9%37.9%51.0%3.7%-0.3%-1.7M119.8M-1.4M0.7863.50N/AN/A1,8171,42418,73116,757
2021-05-13$239.24$280.0048.2%13.9%54.7%30.0%47.7%8.0%-0.2%-2.2M158.1M-1.4M0.7366.47N/AN/A1,9991,46519,77517,496
2021-05-14$240.49$280.0045.1%12.9%55.2%19.9%44.8%6.1%-0.0%-4.8M146.4M-1.4M0.8770.23N/AN/A2,2121,93220,80517,704
2021-05-17$235.11$280.0046.4%13.2%55.1%24.1%46.2%5.0%0.9%-1.4M136.3M-1.4M0.3362.98N/AN/A90830119,26716,643
2021-05-18$239.31$280.0043.7%12.5%54.5%15.1%44.6%4.0%1.1%-1.0M119.2M-1.4M0.2970.09N/AN/A83424519,83516,647
2021-05-19$245.75$270.0046.8%13.4%56.2%25.5%46.8%5.1%0.7%194.2K83.6M-1.5M0.2667.85N/AN/A2,45562620,43116,465
2021-05-20$258.60$260.0043.0%12.3%60.4%12.8%43.7%3.8%0.5%2.2M8.9M-1.6M0.2671.47N/AN/A1,75045221,61716,824
2021-05-21$250.07$260.0042.0%12.0%60.8%9.6%41.7%3.9%0.1%288.4K63.0M-1.5M0.5876.82N/AN/A1,8701,07621,39816,948
2021-05-24$247.07$260.0041.0%11.8%59.6%6.3%41.9%4.4%-0.2%-212.9K74.7M-1.5M0.5259.28N/AN/A1,49577419,02015,981
2021-05-25$254.45$260.0039.5%11.6%61.5%1.4%40.9%3.7%-0.5%1.8M33.9M-1.5M0.3359.14N/AN/A1,36945820,08816,533
2021-05-26$261.38$260.0039.3%11.3%63.1%0.8%40.0%3.9%0.3%3.1M-5.7M-1.6M0.3960.93N/AN/A2,04779320,06116,610
2021-05-27$258.82$260.0039.3%11.4%62.8%0.6%40.3%3.1%2.0%3.1M13.0M-1.5M0.4062.81N/AN/A1,35554320,25016,977
2021-05-28$262.17$260.0039.8%11.1%62.8%2.1%38.6%4.4%1.5%4.8M-11.9M-1.6M0.0861.44N/AN/A4,14935020,49417,111