RNG Options History — March 2023

In March 2023, RNG traded between $26.73 and $36.91. ATM implied volatility averaged 61.4%, placing in the 12.0% IV rank vs the trailing year. The 30-day expected move averaged 17.4%. IV traded below realized volatility by 22.7% (HV 20d: 84.1%). Max pain ranged from $30.00 to $40.00. Net GEX was positive for 14 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 1.78.

Notable Days

  • 2023-03-29: Highest Volume — 26,539 contracts
  • 2023-03-29: Largest IV drop — 6.5% change
  • 2023-03-23: Highest IV Rank — 21.9%
  • 2023-03-23: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.30$26.73$36.91$33.20$30.52
Max Pain$31.09$30.00$40.00$40.00$30.00
ATM IV61.4%56.6%66.0%59.3%59.0%
Expected Move17.4%15.7%19.0%17.2%15.7%
HV 20d84.1%47.9%116.4%116.4%52.6%
HV 60d80.5%78.9%81.6%80.0%80.0%
IV Rank12.0%1.9%21.9%7.6%5.2%
IV Percentile8.6%0.4%21.4%2.0%2.8%
Term Structure0.5%-1.8%4.5%-1.1%3.9%
VWIV59.6%54.3%65.2%54.3%56.0%
Skew 25d6.5%3.3%9.5%5.5%5.2%
Skew 10d12.2%7.1%18.3%7.1%10.3%
Call IV 25d58.8%54.7%63.3%57.5%55.9%
Put IV 25d65.4%59.5%71.7%63.0%61.1%
Bid-Ask Spread %26.1912.6155.9012.6127.19
Gamma HHI0.230.140.320.150.23
Net GEX72.5K-664.5K1.9M84.6K-184.8K
Net DEX14.2M-55.8M45.4M12.5M6.4M
Net VEX-452.7K-562.3K-369.7K-521.9K-458.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.780.138.594.830.24
Total Volume4,728.30467726,5399,3153,150
Total OI125,713.087114,187137,357133,353125,271

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$33.20$40.0059.3%17.2%116.4%7.6%54.3%5.5%-1.1%84.6K12.5M-521.9K4.8312.61N/AN/A1,5977,71871,09862,255
2023-03-02$33.97$40.0059.0%17.1%111.8%6.9%60.5%6.3%-0.8%231.9K2.2M-529.4K0.2814.01N/AN/A10,4542,96671,68162,425
2023-03-03$36.91$35.0057.2%16.8%112.7%3.0%59.1%5.0%-1.5%1.9M-55.8M-562.3K0.4215.87N/AN/A4,5561,91775,89061,467
2023-03-06$36.14$30.0058.0%16.6%112.6%4.9%56.7%5.8%-0.5%724.2K-29.6M-528.0K3.8035.48N/AN/A9963,78569,29559,466
2023-03-07$35.30$30.0057.0%16.1%112.5%2.7%54.7%4.5%-0.2%475.8K-15.4M-522.1K1.9221.91N/AN/A23244570,09161,077
2023-03-08$34.94$30.0056.6%15.8%110.2%1.9%55.3%4.8%-0.6%315.3K-8.6M-502.5K3.9633.69N/AN/A14356670,08861,349
2023-03-09$33.95$30.0058.4%16.0%110.3%5.7%56.2%4.1%-1.6%112.1K2.1M-493.3K0.1433.19N/AN/A87212570,13660,934
2023-03-10$32.66$30.0060.6%16.8%110.6%10.3%58.8%3.3%-1.8%283.2K15.0M-483.6K2.3120.88N/AN/A1,1862,74170,65060,225
2023-03-13$31.82$30.0064.0%18.5%109.7%17.7%65.2%6.5%0.7%140.9K19.3M-467.2K1.3422.63N/AN/A53171369,01458,386
2023-03-14$31.44$30.0062.9%18.3%106.9%15.3%59.8%7.8%0.6%91.5K20.9M-447.2K3.7637.61N/AN/A7542,83869,13257,778
2023-03-15$32.36$30.0063.4%18.5%106.1%16.2%61.3%6.3%2.4%181.6K11.8M-463.9K0.8622.20N/AN/A1,4621,25169,59758,076
2023-03-16$32.16$30.0063.1%17.8%100.9%15.8%58.9%7.0%0.5%150.0K15.2M-451.2K0.7855.90N/AN/A1,01678870,10858,162
2023-03-17$30.13$30.0064.6%18.4%47.9%18.8%64.0%8.6%-1.0%254.9K33.1M-428.8K1.4143.62N/AN/A2,1983,09070,91558,359
2023-03-20$28.23$30.0065.6%18.6%51.7%21.1%64.2%7.5%1.8%-375.0K38.1M-397.1K1.4313.76N/AN/A1,1831,69462,11752,070
2023-03-21$29.41$30.0062.3%17.8%54.7%13.9%61.7%8.4%2.6%-254.2K29.5M-408.2K1.8718.45N/AN/A1,5952,98262,88352,547
2023-03-22$28.05$30.0062.8%18.0%55.8%15.0%60.5%9.5%0.2%-412.5K38.5M-389.5K8.5939.87N/AN/A2982,55964,18053,235
2023-03-23$27.16$30.0066.0%19.0%56.2%21.9%63.2%8.3%-0.6%-557.4K42.0M-375.4K0.6423.41N/AN/A1,9971,27064,83452,180
2023-03-24$26.73$30.0064.0%18.3%56.2%17.6%62.6%7.9%-0.4%-664.5K45.4M-369.7K0.5539.01N/AN/A2,0501,12166,24252,538
2023-03-27$27.52$30.0063.9%17.5%57.9%17.3%61.0%8.4%0.8%-414.0K37.1M-372.7K0.9515.19N/AN/A1,5311,46266,51351,530
2023-03-28$28.45$30.0064.5%17.7%59.8%18.8%61.8%7.3%0.0%-222.0K28.4M-390.9K0.5516.87N/AN/A1,9151,04867,60252,774
2023-03-29$29.23$30.0060.4%16.5%61.1%9.9%57.0%6.2%4.5%7.6K21.6M-400.8K0.1320.41N/AN/A23,5682,97168,29153,557
2023-03-30$29.55$30.0059.9%16.2%60.4%8.7%58.0%5.5%3.4%-221.3K16.4M-447.2K0.2618.63N/AN/A1,12229571,64953,734
2023-03-31$30.52$30.0059.0%15.7%52.6%5.2%56.0%5.2%3.9%-184.8K6.4M-458.1K0.2427.19N/AN/A2,54960171,80353,468