RNG Options History — March 2022

In March 2022, RNG traded between $99.50 and $128.26. ATM implied volatility averaged 65.0%, placing in the 60.1% IV rank vs the trailing year. The 30-day expected move averaged 20.1%. IV traded below realized volatility by 12.4% (HV 20d: 77.4%). Max pain ranged from $145.00 to $155.00. Net GEX was positive for 9 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 0.62.

Notable Days

2022-03-18: Highest Volume — 13,588 contracts
2022-03-02: Largest IV drop — 10.2% change
2022-03-08: Highest IV Rank — 89.4%
2022-03-07: Largest Expected Move — 24.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$116.78	$99.50	$128.26	$125.89	$117.75
Max Pain	$148.48	$145.00	$155.00	$155.00	$145.00
ATM IV	65.0%	55.8%	78.4%	70.8%	58.3%
Expected Move	20.1%	17.8%	24.4%	21.4%	18.4%
HV 20d	77.4%	66.5%	89.5%	80.4%	70.9%
HV 60d	69.4%	64.1%	73.0%	71.8%	72.9%
IV Rank	60.1%	40.1%	89.4%	72.7%	45.5%
IV Percentile	84.7%	71.4%	98.0%	91.7%	75.4%
Term Structure	0.9%	-7.7%	12.5%	-4.6%	10.4%
VWIV	68.2%	61.4%	82.0%	63.3%	64.5%
Skew 25d	9.3%	4.2%	14.2%	12.9%	6.0%
Skew 10d	17.6%	5.3%	29.1%	20.6%	29.1%
Call IV 25d	61.1%	51.4%	69.7%	63.5%	53.5%
Put IV 25d	70.4%	59.4%	83.1%	76.4%	59.4%
Bid-Ask Spread %	58.08	43.64	71.35	61.88	53.81
Gamma HHI	0.11	0.07	0.17	0.07	0.14
Net GEX	-73.4K	-678.1K	700.6K	-412.2K	153.4K
Net DEX	101.4M	27.6M	149.4M	104.8M	72.9M
Net VEX	-801.7K	-925.6K	-621.4K	-902.0K	-808.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.62	0.38	0.93	0.93	0.74
Total Volume	10,203.435	8,376	13,588	12,833	10,668
Total OI	53,577.565	49,184	56,950	52,457	55,485

Daily Data (23 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
2022-03-01	$125.89	$155.00	70.8%	21.4%	80.4%	72.7%	63.3%	12.9%	-4.6%	-412.2K	104.8M	-902.0K	0.93	61.88	N/A	N/A	6,637	6,196	28,791	23,666
2022-03-02	$126.53	$155.00	63.6%	19.5%	80.7%	57.0%	62.8%	10.3%	1.8%	-481.7K	108.7M	-911.3K	0.88	64.25	N/A	N/A	6,330	5,559	29,115	24,241
2022-03-03	$118.41	$155.00	64.4%	20.2%	82.4%	58.9%	64.6%	9.5%	1.2%	-678.1K	132.2M	-797.8K	0.74	71.35	N/A	N/A	6,797	5,024	29,219	24,309
2022-03-04	$114.04	$155.00	67.3%	21.4%	79.7%	65.1%	69.5%	8.0%	-4.1%	-580.8K	138.3M	-789.1K	0.55	56.80	N/A	N/A	6,889	3,770	30,105	24,655
2022-03-07	$113.43	$155.00	73.7%	24.4%	77.6%	79.2%	78.7%	14.2%	-2.4%	-440.8K	129.7M	-790.5K	0.54	63.76	N/A	N/A	6,314	3,425	28,480	23,882
2022-03-08	$111.93	$155.00	78.4%	23.6%	77.5%	89.4%	82.0%	13.3%	-6.0%	-499.8K	134.6M	-780.9K	0.62	66.83	N/A	N/A	5,780	3,603	28,766	24,399
2022-03-09	$116.64	$155.00	71.1%	21.2%	78.2%	73.4%	73.0%	11.0%	-2.8%	-541.6K	129.5M	-805.3K	0.56	66.14	N/A	N/A	6,091	3,405	28,914	24,525
2022-03-10	$110.48	$150.00	71.2%	22.4%	75.6%	73.6%	79.6%	12.4%	-0.9%	-493.6K	140.2M	-736.8K	0.61	64.05	N/A	N/A	6,265	3,848	29,221	24,494
2022-03-11	$104.24	$150.00	70.2%	22.8%	76.4%	71.5%	79.8%	11.7%	0.5%	-428.6K	149.4M	-688.0K	0.65	66.04	N/A	N/A	6,476	4,179	29,557	25,202
2022-03-14	$99.50	$145.00	74.2%	20.9%	76.7%	80.1%	72.1%	11.8%	-7.7%	-335.0K	149.0M	-621.4K	0.49	61.31	N/A	N/A	6,515	3,214	28,975	24,774
2022-03-15	$102.50	$145.00	70.8%	20.5%	78.4%	72.8%	69.8%	12.5%	-2.3%	-253.7K	146.0M	-642.9K	0.51	53.17	N/A	N/A	6,426	3,273	29,322	24,462
2022-03-16	$106.89	$145.00	65.9%	19.5%	79.4%	62.1%	64.0%	7.9%	-1.2%	-208.5K	143.2M	-670.1K	0.52	56.82	N/A	N/A	7,337	3,780	29,541	24,734
2022-03-17	$115.32	$145.00	61.8%	19.0%	86.1%	53.2%	64.2%	8.6%	0.5%	-238.6K	123.7M	-740.1K	0.48	54.26	N/A	N/A	6,659	3,213	30,686	25,745
2022-03-18	$121.70	$145.00	61.1%	18.8%	88.8%	51.6%	66.4%	5.4%	-0.2%	-261.6K	103.0M	-806.6K	0.38	56.47	N/A	N/A	9,869	3,719	31,149	25,801
2022-03-21	$120.81	$145.00	61.9%	19.2%	86.9%	53.4%	65.6%	7.7%	0.7%	700.6K	51.4M	-859.7K	0.59	57.22	N/A	N/A	5,519	3,260	27,042	22,142
2022-03-22	$127.51	$145.00	58.8%	18.8%	89.5%	46.7%	63.5%	9.2%	0.7%	694.1K	27.6M	-925.6K	0.58	47.16	N/A	N/A	5,292	3,084	27,934	22,943
2022-03-23	$123.21	$145.00	58.3%	18.8%	67.7%	45.6%	65.0%	9.2%	1.3%	657.5K	47.6M	-888.7K	0.64	46.38	N/A	N/A	5,185	3,332	28,060	23,400
2022-03-24	$122.00	$145.00	59.9%	18.4%	66.5%	49.0%	63.9%	5.3%	1.8%	482.1K	56.5M	-874.4K	0.67	43.64	N/A	N/A	5,101	3,440	28,758	24,040
2022-03-25	$117.22	$145.00	59.4%	18.9%	67.7%	48.1%	66.5%	6.6%	3.6%	144.5K	78.3M	-816.1K	0.56	52.17	N/A	N/A	5,693	3,175	29,004	24,352
2022-03-28	$119.80	$145.00	57.3%	18.4%	67.9%	43.4%	65.0%	8.0%	12.5%	222.9K	70.0M	-838.9K	0.58	57.80	N/A	N/A	6,838	3,996	28,167	23,703
2022-03-29	$128.26	$145.00	55.8%	17.8%	71.4%	40.1%	61.4%	8.3%	8.4%	665.3K	33.7M	-902.9K	0.72	54.98	N/A	N/A	5,636	4,075	29,919	25,143
2022-03-30	$121.93	$145.00	60.4%	18.3%	73.7%	50.1%	64.2%	4.2%	8.2%	444.9K	62.0M	-841.9K	0.77	59.46	N/A	N/A	5,520	4,272	30,198	25,264
2022-03-31	$117.75	$145.00	58.3%	18.4%	70.9%	45.5%	64.5%	6.0%	10.4%	153.4K	72.9M	-808.1K	0.74	53.81	N/A	N/A	6,119	4,549	30,412	25,073