RNG Options History — January 2023

In January 2023, RNG traded between $33.56 and $39.92. ATM implied volatility averaged 69.4%, placing in the 31.6% IV rank vs the trailing year. The 30-day expected move averaged 21.0%. IV traded above realized volatility by 15.5% (HV 20d: 54.0%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.94.

Notable Days

  • 2023-01-20: Highest Volume — 7,941 contracts
  • 2023-01-17: Largest IV spike — 6.6% change
  • 2023-01-30: Highest IV Rank — 44.5%
  • 2023-01-31: Largest Expected Move — 26.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.40$33.56$39.92$34.34$38.89
Max Pain$37.15$35.00$40.00$36.00$39.00
ATM IV69.4%63.9%76.6%70.3%76.3%
Expected Move21.0%18.7%26.0%20.4%26.0%
HV 20d54.0%45.1%62.9%61.6%48.0%
HV 60d83.0%81.0%87.7%87.7%82.6%
IV Rank31.6%17.5%44.5%43.3%43.9%
IV Percentile34.7%9.1%66.3%41.3%65.9%
Term Structure0.2%-4.6%5.5%-1.7%-3.1%
VWIV72.7%64.3%91.9%68.7%91.9%
Skew 25d7.9%5.5%10.2%7.5%9.3%
Skew 10d15.1%10.6%20.4%16.5%17.5%
Call IV 25d65.4%59.4%72.2%66.4%71.4%
Put IV 25d73.3%65.1%80.6%73.9%80.6%
Bid-Ask Spread %34.8913.1871.1970.0920.67
Gamma HHI0.090.070.200.080.10
Net GEX959.6K-167.2K1.6M808.0K1.2M
Net DEX-47.4M-84.5M-25.2M-32.9M-69.5M
Net VEX-493.6K-534.5K-451.6K-494.2K-524.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.292.280.460.87
Total Volume2,842.51,2937,9413,8131,582
Total OI101,016.4585,399114,154100,84689,596

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$34.34$36.0070.3%20.4%61.6%43.3%68.7%7.5%-1.7%808.0K-32.9M-494.2K0.4670.09N/AN/A2,6151,19874,24926,597
2023-01-04$35.26$36.0069.3%19.7%60.0%39.4%66.5%5.8%0.3%959.6K-41.1M-507.1K0.3771.19N/AN/A1,00637776,68727,445
2023-01-05$33.56$35.0069.8%20.1%62.4%38.8%71.5%5.5%1.3%621.3K-25.2M-479.1K1.1438.62N/AN/A83695377,27227,686
2023-01-06$34.03$35.0067.9%19.9%62.5%31.6%71.0%7.7%0.5%475.0K-28.0M-479.9K0.2938.18N/AN/A1,49843977,67828,225
2023-01-09$35.12$35.0067.7%19.9%62.9%31.2%68.0%7.3%1.5%881.3K-38.2M-493.8K0.6242.60N/AN/A1,40287077,58627,693
2023-01-10$35.14$35.0067.2%19.9%62.7%27.9%70.0%7.7%1.4%888.8K-37.5M-490.4K0.3043.28N/AN/A1,69651578,57828,240
2023-01-11$35.84$35.0064.6%19.9%62.5%19.5%70.9%6.7%5.0%1.1M-44.4M-497.8K1.8434.90N/AN/A45683779,94928,414
2023-01-12$36.48$35.0065.1%19.5%60.8%20.6%64.3%6.1%3.5%1.3M-50.2M-499.4K1.8148.72N/AN/A53396580,12128,870
2023-01-13$36.49$40.0063.9%19.4%55.5%17.5%64.9%5.6%5.4%1.2M-48.8M-493.1K1.0633.83N/AN/A79384380,34229,243
2023-01-17$36.66$40.0068.2%19.8%53.4%26.5%67.7%9.2%0.7%1.2M-48.7M-477.4K0.8751.46N/AN/A86474879,73928,347
2023-01-18$36.30$40.0067.0%19.2%53.4%24.0%66.2%8.5%3.1%1.0M-45.0M-469.3K1.8338.48N/AN/A2,0093,68280,46228,775
2023-01-19$35.00$40.0066.1%18.7%45.1%22.2%64.6%8.3%5.5%232.3K-27.9M-451.6K0.7530.17N/AN/A1,8821,41281,51830,829
2023-01-20$36.05$40.0066.2%18.7%45.8%22.2%68.6%10.2%3.3%-167.2K-43.0M-468.4K2.2826.08N/AN/A2,4215,52082,84931,305
2023-01-23$38.15$35.0070.2%21.2%49.8%30.8%72.7%9.6%-1.7%1.2M-58.5M-503.9K0.4424.55N/AN/A1,72776758,24127,158
2023-01-24$37.73$35.0072.1%22.3%45.7%34.9%77.2%7.6%-3.8%1.2M-56.6M-500.9K1.4723.42N/AN/A1,2701,86159,32627,616
2023-01-25$37.38$38.0073.4%22.8%45.9%37.6%80.4%9.0%-4.5%1.1M-51.8M-491.7K0.9818.69N/AN/A1,3151,28560,40228,644
2023-01-26$37.95$38.0073.2%23.0%45.8%37.2%78.0%8.5%-4.6%1.4M-58.5M-506.7K0.4314.58N/AN/A2,7341,16561,32929,289
2023-01-27$39.92$38.0073.6%23.8%48.1%38.1%80.8%9.3%-3.9%1.6M-84.5M-534.5K0.5313.18N/AN/A1,76192563,31029,623
2023-01-30$37.79$38.0076.6%25.9%47.6%44.5%89.8%8.5%-3.3%1.0M-57.8M-509.5K0.4715.16N/AN/A2,7821,30658,38028,716
2023-01-31$38.89$39.0076.3%26.0%48.0%43.9%91.9%9.3%-3.1%1.2M-69.5M-524.4K0.8720.67N/AN/A84573760,07929,517