RNG Options History — November 2023

In November 2023, RNG traded between $25.44 and $30.48. ATM implied volatility averaged 52.6%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 15.2%. IV traded below realized volatility by 9.4% (HV 20d: 62.1%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.68.

Notable Days

  • 2023-11-06: Highest Volume — 19,280 contracts
  • 2023-11-07: Largest IV drop — 39.4% change
  • 2023-11-01: Highest IV Rank — 67.3%
  • 2023-11-01: Largest Expected Move — 27.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.32$25.44$30.48$25.44$28.20
Max Pain$30.71$30.00$35.00$30.00$30.00
ATM IV52.6%44.5%79.1%79.1%46.7%
Expected Move15.2%12.7%27.8%27.8%14.1%
HV 20d62.1%49.9%69.6%49.9%66.5%
HV 60d49.0%44.8%53.1%44.8%51.8%
IV Rank18.3%2.6%67.3%67.3%7.7%
IV Percentile22.6%1.2%89.3%88.9%9.1%
Term Structure-1.3%-5.9%1.4%-4.4%-0.8%
VWIV53.3%44.8%100.3%100.3%49.5%
Skew 25d3.6%1.5%6.8%6.8%2.5%
Skew 10d7.7%-1.2%15.5%15.5%4.2%
Call IV 25d51.5%44.6%76.3%74.8%46.0%
Put IV 25d55.0%47.1%82.3%81.6%48.5%
Bid-Ask Spread %20.077.4458.1221.6612.18
Gamma HHI0.190.110.230.140.18
Net GEX309.5K-241.3K1.2M-241.3K413.6K
Net DEX-3.2M-19.0M13.3M13.3M-3.9M
Net VEX-185.5K-205.8K-167.3K-170.8K-170.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.101.831.830.53
Total Volume2,922.23842519,2801,590560
Total OI65,174.23858,30175,57258,30162,748

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$25.44$30.0079.1%27.8%49.9%67.3%100.3%6.8%-4.4%-241.3K13.3M-170.8K1.8321.66N/AN/A5621,02836,34621,955
2023-11-02$27.44$35.0077.4%20.4%56.3%64.1%70.0%5.9%-4.8%-46.4K5.1M-185.6K0.4525.88N/AN/A1,57770236,72722,288
2023-11-03$28.24$35.0078.8%19.9%54.4%66.8%70.4%6.0%-4.6%18.5K670.8K-193.4K0.5917.12N/AN/A1,9591,15937,39322,162
2023-11-06$28.12$35.0077.9%20.2%54.4%65.1%72.4%5.8%-5.9%-58.2K2.2M-189.6K0.4823.48N/AN/A12,9946,28636,78422,028
2023-11-07$28.91$30.0047.2%13.5%55.3%7.2%50.2%4.6%-0.2%252.4K-3.2M-205.3K0.9529.33N/AN/A3,7243,53847,05327,386
2023-11-08$27.62$30.0047.4%13.2%57.4%7.7%47.6%3.8%-1.6%68.3K5.0M-189.5K0.778.76N/AN/A1,5631,20147,96427,199
2023-11-09$26.76$30.0048.6%14.4%57.7%9.9%48.2%3.4%1.4%-194.3K9.0M-178.1K1.257.44N/AN/A1,1231,40448,42726,699
2023-11-10$27.55$30.0045.5%12.9%58.7%4.0%46.8%4.1%-1.2%-31.2K4.8M-182.5K0.9514.66N/AN/A1,2471,18948,74126,831
2023-11-13$26.38$30.0048.7%14.0%58.1%12.3%45.0%5.1%-0.9%-167.4K7.3M-167.3K0.338.52N/AN/A1,22740243,05220,932
2023-11-14$27.80$30.0044.5%12.7%61.5%2.6%44.8%3.4%1.1%135.1K-1.2M-179.5K0.3458.12N/AN/A1,96566043,69220,974
2023-11-15$30.30$30.0047.1%13.5%68.2%8.7%47.1%2.5%-0.8%657.7K-19.0M-205.8K0.3723.70N/AN/A3,7321,38144,45321,202
2023-11-16$29.05$30.0046.7%13.4%69.6%7.8%46.7%3.4%0.6%686.3K-10.5M-195.3K0.2729.31N/AN/A1,11530646,46721,384
2023-11-17$29.13$30.0046.4%13.3%67.7%7.0%47.5%1.5%-0.7%1.2M-12.0M-193.9K0.1011.15N/AN/A1,19112446,46821,450
2023-11-20$30.48$30.0045.7%13.2%64.7%5.5%46.2%1.8%-0.4%890.4K-18.0M-201.5K0.4329.03N/AN/A75132543,09519,424
2023-11-21$28.87$30.0047.6%13.8%67.5%9.8%48.6%4.0%-1.4%521.5K-7.4M-184.7K0.6816.21N/AN/A1,34792143,52019,458
2023-11-22$29.05$30.0047.0%13.5%66.6%8.4%47.4%1.7%-1.6%632.4K-9.0M-187.0K1.1015.21N/AN/A39543544,33219,611
2023-11-24$29.30$30.0045.3%13.2%65.6%4.5%45.2%2.2%-0.3%543.5K-10.6M-189.6K0.9016.25N/AN/A24922444,49719,647
2023-11-27$28.07$30.0046.2%13.8%67.7%6.5%48.0%2.0%-0.8%292.5K-3.0M-170.7K0.6918.27N/AN/A25217342,93818,980
2023-11-28$29.01$30.0046.0%13.6%68.2%6.1%48.1%2.0%0.5%470.7K-8.0M-176.5K0.1420.45N/AN/A5697743,09418,974
2023-11-29$28.98$30.0045.9%14.0%67.7%6.0%49.1%2.3%0.5%496.1K-8.8M-179.0K1.1614.66N/AN/A80093043,30018,984
2023-11-30$28.20$30.0046.7%14.1%66.5%7.7%49.5%2.5%-0.8%413.6K-3.9M-170.7K0.5312.18N/AN/A36619443,60719,141