RNG Options History — December 2023

In December 2023, RNG traded between $30.26 and $34.81. ATM implied volatility averaged 50.4%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded below realized volatility by 14.5% (HV 20d: 65.0%). Max pain ranged from $30.00 to $34.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.52.

Notable Days

  • 2023-12-07: Highest Volume — 24,713 contracts
  • 2023-12-07: Largest IV spike — 20.8% change
  • 2023-12-07: Highest IV Rank — 33.6%
  • 2023-12-07: Largest Expected Move — 16.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.16$30.26$34.81$30.26$34.03
Max Pain$30.75$30.00$34.00$30.00$34.00
ATM IV50.4%46.2%58.0%46.2%46.6%
Expected Move14.4%12.6%16.3%14.2%12.6%
HV 20d65.0%57.6%74.2%65.8%57.6%
HV 60d58.3%53.7%60.0%53.7%58.6%
IV Rank16.3%6.6%33.6%6.6%7.5%
IV Percentile22.7%8.7%40.1%8.7%9.5%
Term Structure0.4%-8.2%11.7%0.4%2.7%
VWIV50.9%46.3%57.2%49.9%46.3%
Skew 25d-0.0%-6.1%2.9%1.6%0.8%
Skew 10d8.4%-5.8%23.5%3.7%4.0%
Call IV 25d51.8%45.9%61.6%45.9%46.8%
Put IV 25d51.8%47.5%57.0%47.5%47.5%
Bid-Ask Spread %37.475.2692.4326.8010.41
Gamma HHI0.260.190.340.250.28
Net GEX1.9M700.7K2.9M700.7K2.2M
Net DEX-42.3M-67.8M-16.2M-16.2M-43.5M
Net VEX-237.2K-294.8K-189.6K-189.6K-247.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.012.680.300.12
Total Volume5,033.268324,7131,6821,166
Total OI75,923.0562,02299,30262,82776,763

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$30.26$30.0046.2%14.2%65.8%6.6%49.9%1.6%0.4%700.7K-16.2M-189.6K0.3026.80N/AN/A1,29239043,66019,167
2023-12-04$32.23$30.0049.7%14.7%68.5%14.6%51.3%0.5%-0.1%995.1K-28.2M-203.3K0.1010.61N/AN/A3,77539142,78419,238
2023-12-05$31.01$30.0048.3%13.8%70.3%11.5%48.4%1.0%0.2%1.0M-20.2M-194.8K0.2379.77N/AN/A55712645,41919,351
2023-12-06$31.62$30.0048.0%13.7%70.0%10.7%48.3%-1.0%1.0%1.3M-25.3M-197.2K0.565.26N/AN/A1,54687045,56919,427
2023-12-07$32.97$30.0058.0%16.3%68.6%33.6%57.2%-1.7%-8.2%1.3M-35.0M-210.4K0.0692.43N/AN/A23,2231,49045,52719,484
2023-12-08$34.28$30.0055.4%15.6%67.6%27.7%54.3%-6.1%11.7%2.9M-64.9M-244.0K0.1238.05N/AN/A12,3691,49258,68820,454
2023-12-11$31.77$30.0055.4%15.9%74.2%27.8%51.5%1.3%-0.5%1.5M-29.6M-221.4K0.3290.91N/AN/A5,1891,67158,14021,015
2023-12-12$31.55$30.0052.4%14.7%72.0%20.7%52.9%1.0%-1.3%1.2M-24.3M-207.3K0.3887.49N/AN/A2,09478656,48422,382
2023-12-13$32.30$30.0049.7%14.6%70.4%14.7%50.6%-3.5%1.1%1.7M-31.1M-207.9K0.2589.81N/AN/A3,42385757,65723,070
2023-12-14$33.91$30.0051.7%14.8%65.9%19.2%51.7%-0.1%0.1%2.9M-56.0M-222.4K0.017.47N/AN/A22,17721760,17923,149
2023-12-15$33.55$30.0052.2%15.0%63.8%20.4%54.0%-0.4%0.1%2.6M-67.8M-294.8K0.0720.73N/AN/A2,30016476,14423,158
2023-12-18$33.81$30.0050.3%14.4%63.8%16.1%51.0%0.3%-1.4%2.3M-50.0M-266.9K0.1419.10N/AN/A1,06614559,01417,876
2023-12-19$34.52$31.0049.6%14.2%62.4%14.5%50.3%-0.1%-0.8%2.6M-58.8M-279.1K0.0615.55N/AN/A2,03712559,58017,968
2023-12-20$33.08$31.0051.2%14.7%61.1%18.0%52.6%-0.1%-0.6%2.2M-42.2M-251.1K2.6816.04N/AN/A1,1943,20559,17218,018
2023-12-21$33.89$31.0049.3%14.2%61.4%13.8%49.4%1.2%-0.2%2.5M-48.5M-265.0K0.4320.58N/AN/A60125759,49820,610
2023-12-22$34.13$32.0048.4%13.9%61.4%11.8%48.6%0.8%0.6%2.4M-50.2M-264.9K0.4916.11N/AN/A71134659,84020,655
2023-12-26$34.81$31.0050.2%14.2%58.5%15.7%53.7%2.9%0.9%2.0M-50.8M-261.7K0.4872.39N/AN/A52725556,51019,627
2023-12-27$34.75$31.0048.5%13.8%58.0%12.0%49.4%1.2%1.1%2.1M-51.3M-258.2K1.5515.87N/AN/A6551,01656,70519,794
2023-12-28$34.81$34.0047.6%13.2%58.0%9.8%46.8%-0.3%1.1%2.2M-51.5M-256.6K2.0314.08N/AN/A31664356,70519,980
2023-12-29$34.03$34.0046.6%12.6%57.6%7.5%46.3%0.8%2.7%2.2M-43.5M-247.6K0.1210.41N/AN/A1,03912756,66620,097