RNG Options History — June 2023

In June 2023, RNG traded between $32.05 and $35.86. ATM implied volatility averaged 50.9%, placing in the 3.0% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded below realized volatility by 21.0% (HV 20d: 71.9%). Max pain ranged from $30.00 to $32.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.90.

Notable Days

  • 2023-06-09: Highest Volume — 5,975 contracts
  • 2023-06-16: Largest IV drop — 8.1% change
  • 2023-06-15: Highest IV Rank — 9.6%
  • 2023-06-01: Largest Expected Move — 17.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.89$32.05$35.86$35.69$32.71
Max Pain$30.29$30.00$32.50$32.50$31.00
ATM IV50.9%48.8%56.3%56.3%48.9%
Expected Move14.6%12.9%17.0%17.0%12.9%
HV 20d71.9%38.8%93.0%92.2%38.8%
HV 60d63.1%61.5%65.4%65.1%61.6%
IV Rank3.0%0.0%9.6%8.4%0.3%
IV Percentile1.8%0.0%4.8%4.0%0.4%
Term Structure2.2%-1.6%10.7%-0.5%4.0%
VWIV51.5%44.6%60.0%60.0%44.6%
Skew 25d3.6%1.7%4.9%4.9%4.7%
Skew 10d7.3%3.4%10.8%8.4%4.4%
Call IV 25d49.8%45.8%55.1%55.1%45.8%
Put IV 25d53.4%50.1%60.0%60.0%50.5%
Bid-Ask Spread %23.5212.5054.1916.2414.01
Gamma HHI0.340.240.450.240.45
Net GEX1.9M878.3K5.2M2.0M1.8M
Net DEX-42.8M-75.9M-18.7M-65.5M-26.0M
Net VEX-336.5K-380.2K-297.4K-380.2K-297.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.083.500.522.30
Total Volume1,886.4293555,9752,3971,180
Total OI81,892.28672,04393,80587,75774,378

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$35.69$32.5056.3%17.0%92.2%8.4%60.0%4.9%-0.5%2.0M-65.5M-380.2K0.5216.24N/AN/A1,57682159,34228,415
2023-06-02$35.17$32.5054.1%16.4%91.7%3.6%56.8%3.3%-1.5%1.9M-59.8M-368.6K0.1514.21N/AN/A2,66439959,26028,615
2023-06-05$34.34$30.0054.1%15.5%92.6%3.5%53.9%4.7%0.3%1.7M-46.4M-348.8K1.4654.19N/AN/A1,1071,61557,16526,662
2023-06-06$34.73$30.0050.5%14.8%92.6%0.0%52.3%3.8%0.9%1.8M-49.2M-346.8K0.4836.09N/AN/A34916756,90127,501
2023-06-07$34.05$30.0050.4%14.4%93.0%0.0%52.6%2.7%0.5%1.7M-41.1M-333.0K1.6033.51N/AN/A19731657,03227,607
2023-06-08$33.61$30.0048.8%14.3%80.3%0.0%52.7%3.2%0.4%1.6M-35.7M-325.1K0.1314.45N/AN/A1,00313157,18127,805
2023-06-09$32.88$30.0049.3%14.4%78.0%1.1%52.1%4.1%-0.2%1.3M-28.5M-316.2K0.0818.47N/AN/A5,55442158,12528,121
2023-06-12$34.72$30.0050.8%14.7%77.3%4.2%51.8%3.7%1.1%2.3M-57.5M-363.1K0.3033.07N/AN/A1,65049462,07427,148
2023-06-13$34.77$30.0050.3%14.6%77.2%3.1%51.0%3.5%0.9%2.5M-59.2M-362.4K0.8418.68N/AN/A1,16498363,05827,390
2023-06-14$34.19$30.0049.8%14.5%75.0%2.2%54.2%3.8%0.6%2.3M-50.4M-357.1K0.2753.59N/AN/A2,25560163,39228,114
2023-06-15$35.86$30.0053.5%15.3%72.6%9.6%53.2%4.4%-1.6%3.2M-75.9M-368.4K0.6012.50N/AN/A1,46888164,74328,538
2023-06-16$35.31$30.0049.2%14.3%70.2%0.8%49.9%1.7%1.0%5.2M-70.2M-360.5K1.0027.60N/AN/A1,3921,38665,22128,584
2023-06-20$34.14$30.0051.3%14.7%71.6%5.1%51.8%4.3%2.3%1.9M-43.1M-343.9K0.9728.74N/AN/A77174651,98720,056
2023-06-21$33.05$30.0050.2%14.4%72.2%3.0%51.3%4.2%3.6%1.5M-31.1M-323.5K1.0017.07N/AN/A60360252,49820,479
2023-06-22$32.75$30.0050.2%14.2%72.1%2.9%50.3%3.9%4.4%1.3M-27.3M-317.5K3.5021.15N/AN/A5631,97152,78920,967
2023-06-23$32.05$30.0050.0%14.0%71.6%2.4%51.2%3.3%4.0%878.3K-18.7M-307.7K1.2621.18N/AN/A43554853,08622,591
2023-06-26$32.50$30.0051.3%14.0%70.5%5.2%49.3%3.7%3.9%1.2M-23.2M-312.2K0.4113.09N/AN/A95339050,13022,243
2023-06-27$33.20$30.0050.6%13.8%39.6%3.7%47.6%2.1%7.4%1.5M-30.4M-317.1K0.3016.33N/AN/A91327450,68222,287
2023-06-28$33.39$30.0050.1%13.7%39.6%2.7%47.5%2.9%10.7%1.7M-33.5M-315.7K0.5816.83N/AN/A22413151,39322,282
2023-06-29$32.61$30.0049.1%13.6%40.3%0.7%47.5%3.1%4.0%1.3M-25.2M-302.1K1.2313.01N/AN/A32239551,61622,280
2023-06-30$32.71$31.0048.9%12.9%38.8%0.3%44.6%4.7%4.0%1.8M-26.0M-297.4K2.3014.01N/AN/A35882251,74822,630