RNG Options History — April 2023

In April 2023, RNG traded between $27.21 and $30.41. ATM implied volatility averaged 69.5%, placing in the 28.1% IV rank vs the trailing year. The 30-day expected move averaged 20.0%. IV traded above realized volatility by 27.5% (HV 20d: 42.0%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.92.

Notable Days

  • 2023-04-17: Highest Volume — 13,227 contracts
  • 2023-04-10: Largest IV spike — 6.0% change
  • 2023-04-25: Highest IV Rank — 40.2%
  • 2023-04-26: Largest Expected Move — 23.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.82$27.21$30.41$30.41$27.44
Max Pain$31.58$30.00$35.00$30.00$30.00
ATM IV69.5%60.6%75.1%60.9%74.3%
Expected Move20.0%15.8%23.3%15.8%23.0%
HV 20d42.0%28.9%52.9%52.5%29.2%
HV 60d78.2%74.1%79.4%79.4%74.1%
IV Rank28.1%8.5%40.2%9.2%38.4%
IV Percentile41.6%4.4%62.7%5.6%61.9%
Term Structure-0.6%-3.6%6.4%5.3%-3.0%
VWIV70.8%55.0%80.2%55.0%80.2%
Skew 25d8.5%4.3%12.1%4.3%9.2%
Skew 10d15.5%4.2%18.8%4.2%18.0%
Call IV 25d66.6%58.2%71.3%61.6%70.3%
Put IV 25d75.2%65.3%81.7%65.9%79.4%
Bid-Ask Spread %16.838.7229.4329.4320.48
Gamma HHI0.230.180.260.220.22
Net GEX-300.0K-576.3K-113.6K-184.6K-113.6K
Net DEX17.0M9.6M26.7M9.6M15.7M
Net VEX-384.9K-449.0K-316.2K-449.0K-316.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.920.1914.710.191.97
Total Volume3,467.4741,07313,2272,6692,451
Total OI115,768.89590,713129,524123,27892,712

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$30.41$30.0060.9%15.8%52.5%9.2%55.0%4.3%5.3%-184.6K9.6M-449.0K0.1929.43N/AN/A2,25041970,95952,319
2023-04-04$29.88$30.0060.6%15.8%52.3%8.5%55.8%7.1%6.4%-276.9K14.0M-439.4K0.3912.60N/AN/A1,04340571,33552,520
2023-04-05$29.14$30.0063.5%16.2%52.6%15.0%56.1%7.3%6.4%-422.1K21.4M-434.8K0.6322.31N/AN/A66041371,89552,693
2023-04-06$29.68$35.0064.5%19.3%52.9%17.2%69.3%8.2%5.1%-391.9K17.6M-435.0K0.5622.01N/AN/A1,07460572,15252,931
2023-04-10$29.31$35.0068.4%19.6%51.6%25.6%68.7%8.1%-1.1%-428.8K20.4M-414.6K0.5817.55N/AN/A85349371,67251,705
2023-04-11$29.02$35.0068.4%19.6%51.1%25.5%67.6%6.8%-0.6%-475.8K22.4M-411.0K0.2920.85N/AN/A1,89955672,36751,893
2023-04-12$28.63$35.0071.3%19.6%51.1%32.0%68.0%6.1%-3.4%-576.3K26.7M-402.0K0.4618.09N/AN/A3,9351,82073,68352,246
2023-04-13$29.19$35.0070.5%19.5%50.4%30.3%68.1%5.9%-2.9%-411.6K16.5M-411.9K1.1017.39N/AN/A9521,04976,67052,381
2023-04-14$28.84$35.0069.8%19.6%50.5%28.7%69.0%9.8%-1.9%-522.9K22.3M-402.9K0.5510.35N/AN/A1,22667676,73752,787
2023-04-17$29.05$30.0070.6%20.1%45.4%30.3%76.6%9.2%-1.0%-494.1K18.1M-407.1K14.7127.85N/AN/A84212,38576,20952,848
2023-04-18$29.07$30.0071.6%20.4%38.7%32.6%79.4%10.7%-3.6%-203.0K13.9M-376.4K2.8510.30N/AN/A1,0072,86676,68344,744
2023-04-19$29.19$30.0070.1%20.1%35.9%29.3%77.2%9.4%-1.8%-135.4K11.4M-371.2K4.158.87N/AN/A6762,80377,04343,102
2023-04-20$28.67$30.0072.4%20.9%32.1%34.3%76.9%12.1%-3.0%-265.5K19.6M-359.0K1.088.72N/AN/A1,7191,86176,53443,184
2023-04-21$28.66$30.0069.4%20.1%29.6%27.9%70.1%9.0%-1.9%-173.6K20.6M-361.9K0.6416.54N/AN/A1,30783176,90543,953
2023-04-24$28.52$30.0071.3%20.7%28.9%31.9%73.1%9.7%-2.9%-180.4K12.8M-348.7K3.5515.79N/AN/A2,3818,44254,31238,133
2023-04-25$27.21$30.0075.1%22.7%32.3%40.2%77.9%10.5%-2.8%-159.1K16.6M-318.2K1.5713.79N/AN/A9631,51056,04834,665
2023-04-26$27.88$30.0074.5%23.3%31.2%38.8%77.2%10.0%-3.0%-116.0K12.0M-329.5K0.4813.12N/AN/A1,05150656,38835,300
2023-04-27$27.79$30.0073.8%22.7%29.4%37.4%79.1%8.7%-2.5%-167.7K11.9M-323.8K0.7113.76N/AN/A1,14381056,80835,093
2023-04-28$27.44$30.0074.3%23.0%29.2%38.4%80.2%9.2%-3.0%-113.6K15.7M-316.2K1.9720.48N/AN/A8241,62757,42635,286