RNG Options History — January 2024

In January 2024, RNG traded between $31.05 and $36.08. ATM implied volatility averaged 58.5%, placing in the 34.9% IV rank vs the trailing year. The 30-day expected move averaged 16.9%. IV traded above realized volatility by 16.8% (HV 20d: 41.7%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.69.

Notable Days

  • 2024-01-26: Highest Volume — 7,623 contracts
  • 2024-01-10: Largest IV spike — 16.1% change
  • 2024-01-31: Highest IV Rank — 59.4%
  • 2024-01-25: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.70$31.05$36.08$32.45$34.02
Max Pain$33.86$30.00$35.00$34.00$34.00
ATM IV58.5%47.2%69.2%48.0%69.2%
Expected Move16.9%13.4%19.0%13.5%14.5%
HV 20d41.7%34.9%56.2%56.2%36.4%
HV 60d56.9%53.3%59.4%58.8%53.3%
IV Rank34.9%8.9%59.4%10.8%59.4%
IV Percentile47.6%12.3%75.0%14.7%75.0%
Term Structure1.3%-6.2%17.1%17.1%-4.2%
VWIV60.1%48.1%69.3%48.1%51.9%
Skew 25d1.4%-1.3%5.6%1.1%0.8%
Skew 10d5.4%-2.1%18.9%0.2%2.1%
Call IV 25d58.8%47.1%70.1%49.9%70.1%
Put IV 25d60.2%48.9%70.9%50.9%70.9%
Bid-Ask Spread %44.9513.1890.2676.8638.94
Gamma HHI0.320.200.480.360.20
Net GEX1.4M772.8K2.0M1.2M772.8K
Net DEX-26.8M-37.6M-14.9M-22.6M-14.9M
Net VEX-220.7K-242.1K-204.4K-215.8K-216.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.690.0414.180.150.57
Total Volume1,926.3334857,6232,4841,992
Total OI63,834.8141,46276,58171,37253,673

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$32.45$34.0048.0%13.5%56.2%10.8%48.1%1.1%17.1%1.2M-22.6M-215.8K0.1576.86N/AN/A2,16831651,61219,760
2024-01-03$31.05$34.0048.1%13.4%54.0%11.0%48.8%1.0%2.1%968.0K-17.6M-207.3K2.0158.26N/AN/A5731,15453,42019,962
2024-01-04$31.26$35.0047.7%16.1%52.3%10.1%58.1%0.6%1.5%1.0M-18.4M-216.1K4.9788.46N/AN/A2571,27853,68020,430
2024-01-05$31.16$35.0048.3%16.3%51.8%11.4%55.4%1.8%4.3%856.9K-16.8M-213.8K1.6090.26N/AN/A18729953,84921,354
2024-01-08$32.53$35.0047.5%16.0%51.9%9.5%55.9%1.1%8.2%1.3M-22.7M-217.5K0.1977.70N/AN/A85316052,24321,397
2024-01-09$32.67$35.0047.2%16.0%49.8%8.9%58.2%1.8%8.7%1.5M-25.3M-220.2K0.3169.30N/AN/A50215752,96721,516
2024-01-10$33.13$35.0054.8%16.5%41.8%26.4%57.5%5.6%2.1%1.6M-29.1M-222.2K1.9533.72N/AN/A5471,06753,39821,645
2024-01-11$33.09$35.0052.8%16.4%41.7%21.6%57.6%-0.3%9.0%1.7M-28.4M-215.6K1.3834.48N/AN/A31743953,55021,655
2024-01-12$33.09$35.0056.4%16.4%40.9%30.1%57.7%-1.3%2.3%1.7M-27.7M-211.7K0.8337.27N/AN/A28623653,66421,665
2024-01-16$33.16$35.0059.5%17.1%36.9%37.3%60.3%1.9%2.5%1.4M-23.8M-204.4K14.1821.88N/AN/A1832,59552,17121,450
2024-01-17$33.20$35.0060.1%17.2%36.7%38.6%62.2%2.4%2.0%1.4M-23.1M-209.5K1.6623.79N/AN/A54289952,28524,029
2024-01-18$33.50$30.0061.8%17.7%36.8%42.5%64.6%4.0%0.8%1.5M-24.7M-211.7K0.4727.83N/AN/A63630152,34324,038
2024-01-19$34.48$30.0062.8%18.0%37.5%44.7%66.8%3.5%-0.1%1.6M-29.4M-220.5K2.2335.93N/AN/A7501,67552,39024,191
2024-01-22$35.56$30.0063.9%18.1%35.5%47.4%64.6%0.0%-3.0%1.4M-33.7M-226.5K0.2020.46N/AN/A1,34826828,99112,471
2024-01-23$36.08$34.0063.8%18.3%34.9%47.2%65.3%0.8%-3.6%1.6M-37.6M-234.6K0.1017.41N/AN/A1,34713929,84812,613
2024-01-24$35.84$34.0066.4%18.3%35.0%53.1%64.8%0.9%-4.5%1.7M-36.8M-235.5K0.4113.18N/AN/A34514030,62612,696
2024-01-25$35.03$34.0066.7%19.0%35.5%53.8%69.3%0.7%-4.4%1.6M-31.5M-229.7K0.4517.41N/AN/A41718930,76212,833
2024-01-26$34.83$34.0067.1%18.2%35.5%54.7%62.8%-0.0%-6.2%2.0M-29.7M-224.2K1.5360.53N/AN/A3,0084,61531,11813,006
2024-01-29$36.00$34.0068.2%18.9%37.4%57.3%65.6%1.3%-3.1%1.3M-33.7M-242.1K0.0447.03N/AN/A3,67915831,97417,106
2024-01-30$35.63$34.0068.0%18.3%36.6%56.7%66.5%1.3%-3.6%1.7M-34.3M-238.7K0.3053.28N/AN/A3,4171,01434,97617,174
2024-01-31$34.02$34.0069.2%14.5%36.4%59.4%51.9%0.8%-4.2%772.8K-14.9M-216.5K0.5738.94N/AN/A1,27072235,62118,052