RNG Options History — July 2023

In July 2023, RNG traded between $32.25 and $42.77. ATM implied volatility averaged 67.2%, placing in the 37.2% IV rank vs the trailing year. The 30-day expected move averaged 19.5%. IV traded above realized volatility by 16.9% (HV 20d: 50.3%). Max pain ranged from $32.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.55.

Notable Days

  • 2023-07-11: Highest Volume — 29,055 contracts
  • 2023-07-05: Largest IV spike — 8.2% change
  • 2023-07-25: Highest IV Rank — 47.0%
  • 2023-07-31: Largest Expected Move — 23.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.94$32.25$42.77$33.55$41.22
Max Pain$36.20$32.00$40.00$32.00$40.00
ATM IV67.2%53.9%72.1%53.9%71.3%
Expected Move19.5%13.2%23.9%13.2%23.9%
HV 20d50.3%39.4%59.9%39.9%59.3%
HV 60d65.2%61.5%68.3%61.5%67.4%
IV Rank37.2%10.4%47.0%10.4%45.6%
IV Percentile50.4%9.9%71.8%9.9%71.0%
Term Structure-2.1%-5.2%5.9%4.6%-5.1%
VWIV67.2%46.7%84.0%46.7%84.0%
Skew 25d2.7%-0.3%8.0%8.0%2.3%
Skew 10d6.0%0.2%11.0%10.6%4.0%
Call IV 25d66.8%50.3%73.3%50.3%69.5%
Put IV 25d69.5%58.2%74.9%58.3%71.8%
Bid-Ask Spread %20.819.8830.9022.999.88
Gamma HHI0.290.210.480.480.23
Net GEX2.3M1.4M3.4M2.1M2.1M
Net DEX-80.2M-145.4M-17.2M-32.9M-91.1M
Net VEX-372.6K-419.2K-276.4K-301.4K-406.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.022.860.220.46
Total Volume4,855.051,13229,0551,2241,152
Total OI80,194.7571,75288,42771,75277,768

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$33.55$32.0053.9%13.2%39.9%10.4%46.7%8.0%4.6%2.1M-32.9M-301.4K0.2222.99N/AN/A1,00222250,64621,106
2023-07-05$33.08$32.0058.3%13.7%39.4%19.3%47.3%3.4%5.9%2.0M-28.2M-291.4K2.8613.91N/AN/A6221,77951,31321,266
2023-07-06$32.25$35.0062.0%18.2%39.9%26.8%59.4%-0.3%2.0%1.4M-17.2M-276.4K1.3727.70N/AN/A47765551,86422,678
2023-07-07$33.00$35.0059.6%17.3%40.5%21.8%59.7%6.7%4.4%2.2M-24.6M-283.8K0.2924.90N/AN/A3,5991,03052,13423,038
2023-07-10$34.11$35.0064.0%17.6%42.1%30.7%60.8%4.5%-2.9%3.2M-43.1M-300.0K0.6319.35N/AN/A1,08468654,58222,947
2023-07-11$35.34$35.0066.3%18.3%42.9%35.4%64.3%3.3%-3.8%3.4M-64.6M-324.1K0.0221.91N/AN/A28,46459155,54323,142
2023-07-12$38.54$35.0067.4%18.6%49.0%37.5%65.3%3.1%-2.2%2.1M-98.4M-398.0K0.1430.90N/AN/A11,5321,62459,47023,504
2023-07-13$39.16$35.0067.4%18.8%49.1%37.6%65.8%2.0%-2.1%2.7M-115.2M-413.3K0.3328.44N/AN/A4,3121,44163,68524,579
2023-07-14$38.21$35.0067.3%18.8%49.7%37.5%66.3%3.7%-2.8%2.5M-100.8M-400.7K0.2927.50N/AN/A1,90954563,22124,187
2023-07-17$38.47$35.0068.9%19.5%47.2%40.7%68.0%1.4%-2.7%2.6M-91.3M-391.5K0.3913.05N/AN/A1,88473359,27622,771
2023-07-18$39.81$35.0069.5%19.8%47.8%41.9%68.9%2.0%-4.9%2.5M-108.0M-399.4K0.1219.54N/AN/A3,38340960,36023,072
2023-07-19$42.77$35.0071.2%20.4%50.7%45.2%72.3%0.1%-4.7%2.3M-145.4M-419.2K0.4813.91N/AN/A5,7152,76461,72022,828
2023-07-20$40.07$35.0070.0%20.2%55.6%42.8%71.8%-0.3%-3.7%2.6M-114.5M-407.7K0.5028.24N/AN/A1,91394863,30323,708
2023-07-21$41.61$35.0071.1%20.9%56.0%45.1%73.5%1.6%-5.2%2.3M-130.7M-419.1K0.8827.49N/AN/A2,1101,86264,23524,192
2023-07-24$39.61$40.0071.7%21.8%59.0%46.3%78.9%3.3%-4.2%2.0M-79.7M-402.2K0.3616.06N/AN/A2,12876855,08721,504
2023-07-25$39.26$40.0072.1%22.1%59.3%47.0%77.6%2.0%-5.2%2.0M-76.5M-405.4K0.2516.28N/AN/A1,55138855,48422,025
2023-07-26$39.68$40.0070.3%21.9%59.2%43.4%78.2%3.0%-3.3%2.1M-81.2M-405.3K0.7117.92N/AN/A1,32993956,15822,228
2023-07-27$39.01$40.0071.2%22.6%59.9%45.3%56.4%2.8%-3.7%2.0M-74.4M-400.4K0.3618.01N/AN/A2,12576756,67222,294
2023-07-28$40.15$40.0070.4%22.3%59.1%43.6%78.7%2.2%-2.8%2.4M-86.2M-405.2K0.3918.32N/AN/A1,91874157,61622,689
2023-07-31$41.22$40.0071.3%23.9%59.3%45.6%84.0%2.3%-5.1%2.1M-91.1M-406.6K0.469.88N/AN/A78936355,91821,850