RNG Options History — May 2023

In May 2023, RNG traded between $25.38 and $34.97. ATM implied volatility averaged 64.0%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded above realized volatility by 2.2% (HV 20d: 61.8%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.81.

Notable Days

  • 2023-05-26: Highest Volume — 16,941 contracts
  • 2023-05-10: Largest IV drop — 38.3% change
  • 2023-05-08: Highest IV Rank — 65.7%
  • 2023-05-03: Largest Expected Move — 29.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.45$25.38$34.97$27.88$34.72
Max Pain$31.68$30.00$35.00$30.00$32.00
ATM IV64.0%52.5%86.8%74.3%59.2%
Expected Move19.1%15.0%29.1%24.9%18.0%
HV 20d61.8%27.0%95.2%27.0%93.3%
HV 60d65.6%53.6%76.7%72.3%65.0%
IV Rank21.9%0.0%65.7%38.4%14.8%
IV Percentile26.7%0.0%86.1%62.3%7.5%
Term Structure-1.2%-5.5%2.1%-2.0%-1.8%
VWIV66.3%52.5%98.5%87.4%63.2%
Skew 25d7.4%5.5%9.9%9.9%5.5%
Skew 10d14.2%8.9%19.9%19.9%12.0%
Call IV 25d61.0%50.1%82.8%69.0%56.8%
Put IV 25d68.4%56.0%91.0%78.8%62.2%
Bid-Ask Spread %8.602.0720.8211.5318.18
Gamma HHI0.220.180.310.210.23
Net GEX333.1K-526.9K1.7M-94.3K1.7M
Net DEX-6.0M-57.5M26.3M12.7M-55.8M
Net VEX-311.8K-377.7K-253.9K-322.9K-377.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.141.511.160.91
Total Volume3,835.86456516,9411,2501,413
Total OI93,315.36477,960110,75091,95187,221

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$27.88$30.0074.3%24.9%27.0%38.4%87.4%9.9%-2.0%-94.3K12.7M-322.9K1.1611.53N/AN/A58067056,51935,432
2023-05-02$26.71$30.0077.4%26.7%30.2%45.2%91.9%9.9%-2.2%-206.9K19.7M-306.9K1.3712.24N/AN/A8301,13956,86435,829
2023-05-03$25.97$30.0080.9%29.1%30.9%52.9%98.5%9.4%-3.2%-253.2K24.0M-296.2K1.1520.82N/AN/A1,0951,25557,52436,402
2023-05-04$25.38$35.0084.0%22.7%30.8%59.5%84.2%8.7%-3.5%-293.4K26.3M-291.7K0.225.28N/AN/A4,10788958,34136,731
2023-05-05$26.24$35.0085.0%22.6%32.8%61.8%79.5%9.6%-5.5%-145.9K20.4M-301.3K1.085.20N/AN/A1,8091,96158,49836,882
2023-05-08$26.74$35.0086.8%23.9%33.9%65.7%81.7%9.5%-1.5%-114.0K16.1M-309.0K1.295.36N/AN/A1,8892,42856,38637,720
2023-05-09$26.55$35.0086.8%24.3%33.8%65.6%82.9%6.8%-1.5%-127.0K16.7M-306.7K1.175.84N/AN/A5,6666,62857,90439,292
2023-05-10$30.52$35.0053.5%15.9%61.0%0.0%57.2%5.8%2.1%569.0K-19.7M-340.1K0.764.47N/AN/A5,7024,34262,21745,155
2023-05-11$28.93$35.0053.8%15.6%63.9%0.7%54.2%6.0%0.4%143.4K-470.0K-311.3K0.803.32N/AN/A1,5091,21364,00545,706
2023-05-12$27.66$35.0053.8%15.3%65.7%0.5%54.4%6.7%-0.3%-368.8K18.0M-281.5K0.902.42N/AN/A1,9231,72464,83945,911
2023-05-15$28.42$30.0052.5%15.0%66.4%0.0%55.0%6.7%1.7%-261.1K9.6M-281.3K0.922.07N/AN/A1,06797758,58837,942
2023-05-16$27.13$30.0057.7%16.6%68.3%11.4%53.9%5.6%-3.2%-526.9K22.9M-253.9K0.502.56N/AN/A1,14157358,92238,455
2023-05-17$29.21$30.0053.3%15.3%73.6%1.8%52.5%7.4%0.6%-155.9K-405.9K-288.5K0.593.81N/AN/A1,53390659,30538,497
2023-05-18$31.16$30.0054.4%15.7%76.7%4.2%55.0%8.8%-1.4%425.7K-28.3M-309.6K0.685.13N/AN/A1,35791959,85138,496
2023-05-19$31.13$30.0055.2%16.0%76.7%6.0%53.4%8.0%-2.1%1.4M-31.1M-304.9K0.547.51N/AN/A1,62287359,99939,000
2023-05-22$32.01$30.0053.2%15.6%77.1%1.7%53.2%5.9%0.5%808.8K-25.5M-313.1K0.6112.70N/AN/A56534651,59626,364
2023-05-23$31.57$30.0053.6%16.0%75.0%2.6%55.3%6.2%0.6%839.0K-23.3M-319.9K0.6013.10N/AN/A46928053,78626,607
2023-05-24$30.59$30.0055.6%16.7%75.9%6.9%56.1%6.5%-1.5%628.1K-15.8M-308.0K0.329.99N/AN/A42713854,27626,917
2023-05-25$29.63$30.0057.7%17.4%77.0%11.4%60.6%7.6%-0.2%344.5K-7.0M-289.5K1.5110.75N/AN/A49675154,24127,250
2023-05-26$34.86$30.0059.3%18.5%95.2%14.9%64.1%6.2%-0.3%1.3M-54.1M-368.8K0.1416.48N/AN/A14,8142,12754,56827,724
2023-05-30$34.97$30.0059.8%18.3%95.2%16.1%65.0%5.6%-1.7%1.7M-57.5M-376.5K0.7010.41N/AN/A2,4911,74558,07727,099
2023-05-31$34.72$32.0059.2%18.0%93.3%14.8%63.2%5.5%-1.8%1.7M-55.8M-377.7K0.9118.18N/AN/A73867559,14328,078