RNG Options History — February 2024

In February 2024, RNG traded between $30.37 and $33.75. ATM implied volatility averaged 63.8%, placing in the 47.2% IV rank vs the trailing year. The 30-day expected move averaged 18.0%. IV traded above realized volatility by 27.1% (HV 20d: 36.8%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.04.

Notable Days

  • 2024-02-20: Highest Volume — 8,978 contracts
  • 2024-02-21: Largest IV drop — 36.1% change
  • 2024-02-16: Highest IV Rank — 86.1%
  • 2024-02-20: Largest Expected Move — 25.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.36$30.37$33.75$33.75$33.20
Max Pain$32.00$30.00$35.00$30.00$33.00
ATM IV63.8%45.7%80.8%68.0%45.7%
Expected Move18.0%13.0%25.4%17.4%13.3%
HV 20d36.8%29.6%44.7%32.3%41.7%
HV 60d49.0%44.9%53.1%53.1%44.9%
IV Rank47.2%5.3%86.1%56.8%5.3%
IV Percentile58.7%6.7%96.4%72.6%6.7%
Term Structure-2.5%-6.5%8.7%-3.8%-0.9%
VWIV63.8%46.2%87.9%65.2%46.3%
Skew 25d-0.3%-5.3%2.9%2.9%-1.9%
Skew 10d-0.5%-9.0%4.5%2.5%-2.1%
Call IV 25d65.2%47.0%87.2%68.9%47.5%
Put IV 25d64.9%45.5%81.9%71.8%45.5%
Bid-Ask Spread %40.2322.3462.9758.8536.26
Gamma HHI0.120.080.190.190.11
Net GEX169.8K-256.6K618.8K540.7K580.7K
Net DEX-8.6M-15.7M-1.9M-11.2M-15.7M
Net VEX-183.4K-208.7K-172.7K-208.7K-187.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.143.260.423.11
Total Volume2,110.952178,9781,1711,364
Total OI45,297.932,27053,98653,36434,994

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$33.75$30.0068.0%17.4%32.3%56.8%65.2%2.9%-3.8%540.7K-11.2M-208.7K0.4258.85N/AN/A82734435,35418,010
2024-02-02$33.67$30.0067.1%17.3%32.3%54.7%61.1%0.5%-2.6%618.8K-7.9M-203.6K0.9336.63N/AN/A50447035,89718,089
2024-02-05$33.00$30.0068.5%18.3%33.4%57.8%65.7%0.5%-2.8%311.5K-10.0M-189.4K0.9232.77N/AN/A39836832,99315,970
2024-02-06$33.20$30.0068.1%18.1%29.9%57.0%61.8%1.4%-3.8%258.5K-10.4M-187.7K0.8035.00N/AN/A20816733,19016,258
2024-02-07$33.00$30.0067.3%18.2%29.9%55.2%63.8%1.1%-3.6%62.1K-8.8M-185.6K0.1537.22N/AN/A1892833,26816,400
2024-02-08$33.25$30.0068.6%19.1%29.6%58.2%68.0%1.3%-2.5%61.6K-9.8M-184.7K2.1529.67N/AN/A14030133,32616,423
2024-02-09$33.58$30.0073.7%19.7%29.8%69.9%69.8%-1.5%-6.2%150.3K-11.6M-188.2K0.4035.44N/AN/A90235933,42316,605
2024-02-12$32.82$30.0076.8%21.8%31.0%77.0%77.0%-2.8%-5.1%-154.6K-8.4M-180.7K0.3135.60N/AN/A1,59449433,08516,286
2024-02-13$31.26$30.0076.8%21.8%35.4%77.0%76.9%0.3%-3.9%-256.6K-2.7M-173.5K0.9833.23N/AN/A83982034,16816,409
2024-02-14$32.44$30.0076.0%21.8%38.1%75.1%77.2%-1.9%-6.0%-159.1K-8.6M-177.6K0.2429.92N/AN/A2,16551734,31516,474
2024-02-15$32.73$30.0075.8%22.1%38.1%74.7%76.8%0.4%-6.5%-189.8K-9.4M-182.4K3.2662.97N/AN/A6442,10035,81116,553
2024-02-16$30.91$35.0080.8%23.6%41.2%86.1%82.1%-5.3%-4.7%122.6K-1.9M-173.2K1.4752.28N/AN/A1,4362,10535,91317,042
2024-02-20$30.91$35.0078.5%25.4%39.0%80.8%87.9%2.2%-4.4%177.5K-8.4M-175.2K1.2522.34N/AN/A3,9884,99018,99014,761
2024-02-21$31.56$35.0050.1%14.9%39.6%15.6%52.7%-1.4%-1.5%198.6K-8.4M-178.9K0.7650.00N/AN/A2,8812,17722,24619,070
2024-02-22$30.37$35.0048.7%13.7%41.1%12.4%50.5%-0.4%8.7%123.1K-2.3M-172.8K1.6251.50N/AN/A8451,37022,92319,556
2024-02-23$31.12$35.0046.2%13.0%42.3%6.6%46.2%-0.6%2.0%164.7K-5.8M-173.3K1.0454.01N/AN/A1,0221,06323,20419,612
2024-02-26$31.02$34.0047.6%13.4%42.3%9.8%48.1%1.2%-1.8%91.8K-5.7M-172.7K0.4738.52N/AN/A57327017,24815,022
2024-02-27$32.37$34.0046.2%13.7%43.6%6.5%49.4%-0.9%-0.5%240.8K-10.8M-185.6K0.3137.75N/AN/A1,64350317,59215,273
2024-02-28$33.11$34.0046.2%13.8%44.7%6.7%49.5%-1.8%-0.4%453.1K-14.8M-187.5K0.1434.70N/AN/A1,41919218,65615,549
2024-02-29$33.20$33.0045.7%13.3%41.7%5.3%46.3%-1.9%-0.9%580.7K-15.7M-187.2K3.1136.26N/AN/A3321,03219,37215,622