RNG Options History — March 2024

In March 2024, RNG traded between $31.56 and $36.50. ATM implied volatility averaged 45.4%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded below realized volatility by 4.0% (HV 20d: 49.4%). Max pain ranged from $30.00 to $33.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.88.

Notable Days

  • 2024-03-07: Highest Volume — 3,373 contracts
  • 2024-03-14: Largest IV drop — 5.9% change
  • 2024-03-11: Highest IV Rank — 14.4%
  • 2024-03-11: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.93$31.56$36.50$33.77$34.75
Max Pain$30.30$30.00$33.00$33.00$33.00
ATM IV45.4%42.0%49.6%45.8%42.2%
Expected Move13.0%11.6%14.4%13.5%11.6%
HV 20d49.4%42.2%57.3%42.2%46.0%
HV 60d42.7%40.9%46.0%43.2%40.9%
IV Rank5.6%0.0%14.4%5.7%0.5%
IV Percentile9.2%0.0%28.6%7.9%0.4%
Term Structure2.2%-1.2%8.4%-0.7%8.4%
VWIV45.8%40.7%50.0%48.1%41.1%
Skew 25d-0.8%-3.4%1.1%-1.8%1.1%
Skew 10d-1.9%-9.5%2.4%-2.7%1.7%
Call IV 25d46.6%40.9%51.7%47.6%40.9%
Put IV 25d45.8%42.0%50.0%45.9%42.0%
Bid-Ask Spread %57.7142.1375.8356.5358.94
Gamma HHI0.150.090.340.170.11
Net GEX477.5K6.5K890.2K690.8K248.4K
Net DEX-20.6M-29.7M-6.9M-17.5M-18.5M
Net VEX-196.2K-204.4K-181.7K-189.9K-188.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.145.480.390.62
Total Volume804.751813,3731,059436
Total OI33,783.831,76935,90435,90433,114

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$33.77$33.0045.8%13.5%42.2%5.7%48.1%-1.8%-0.7%690.8K-17.5M-189.9K0.3956.53N/AN/A76029919,46816,436
2024-03-04$33.27$30.0047.0%13.3%42.5%8.3%47.7%-1.1%-0.1%282.9K-14.5M-189.8K0.8361.10N/AN/A1048618,42915,936
2024-03-05$31.56$30.0048.1%13.9%45.9%11.0%47.2%-0.5%0.1%6.5K-6.9M-181.7K1.3875.83N/AN/A40155218,47315,996
2024-03-06$32.08$30.0047.3%13.8%46.3%9.1%50.0%0.9%-0.0%11.4K-9.0M-187.6K0.4372.06N/AN/A27111618,57216,291
2024-03-07$35.03$30.0048.0%14.2%56.1%10.8%49.0%0.6%3.5%658.2K-23.0M-194.0K0.2171.37N/AN/A2,79358018,65916,370
2024-03-08$36.27$30.0048.5%14.0%57.2%11.8%48.5%0.0%-0.9%890.2K-29.7M-202.1K0.1463.52N/AN/A1,41219419,00616,698
2024-03-11$36.02$30.0049.6%14.4%57.3%14.4%49.4%-3.2%2.6%576.3K-26.4M-201.1K0.3864.25N/AN/A2559818,49415,747
2024-03-12$36.50$30.0046.7%13.4%56.6%7.8%46.6%-2.1%-0.0%620.7K-28.5M-204.4K0.3263.27N/AN/A43013718,50315,786
2024-03-13$36.41$30.0048.5%13.4%53.0%11.8%47.4%-3.4%1.1%635.1K-28.5M-204.2K0.4166.18N/AN/A67927818,73015,843
2024-03-14$35.27$30.0045.6%13.1%53.5%5.3%46.4%-3.0%0.1%586.8K-23.8M-202.1K1.0958.54N/AN/A15717119,08516,066
2024-03-15$34.92$30.0045.4%13.2%53.7%4.8%47.4%-1.9%1.4%728.4K-21.0M-199.6K5.4862.65N/AN/A2821,54619,12616,136
2024-03-18$35.59$30.0044.8%12.9%49.0%3.4%45.7%0.3%6.1%450.6K-21.4M-203.5K0.2742.13N/AN/A49213417,09714,672
2024-03-19$35.52$30.0043.7%12.5%49.0%0.9%44.1%-0.7%4.5%521.4K-21.9M-200.2K0.4144.64N/AN/A1666817,53814,636
2024-03-20$35.98$30.0043.0%12.3%48.8%0.0%43.3%-0.3%6.3%583.8K-23.6M-200.6K0.7748.01N/AN/A1027917,67514,645
2024-03-21$36.16$30.0042.8%12.3%45.8%0.0%43.2%0.8%1.4%617.7K-24.2M-200.6K1.7448.76N/AN/A16428617,75914,690
2024-03-22$35.50$30.0042.0%12.0%46.4%0.0%42.2%0.2%0.7%610.4K-22.1M-197.5K0.9449.73N/AN/A34732617,83014,940
2024-03-25$35.11$30.0043.8%12.5%46.7%4.0%43.1%1.1%4.8%321.3K-18.6M-197.1K0.5648.15N/AN/A48627317,18914,674
2024-03-26$34.14$30.0042.3%12.1%46.1%0.8%44.0%-1.1%-1.2%188.2K-15.0M-190.8K0.1450.01N/AN/A6549417,48014,931
2024-03-27$34.80$30.0042.5%11.8%45.9%1.3%40.7%-1.2%5.4%320.7K-18.5M-189.6K1.0748.55N/AN/A18720017,97214,984
2024-03-28$34.75$33.0042.2%11.6%46.0%0.5%41.1%1.1%8.4%248.4K-18.5M-188.2K0.6258.94N/AN/A26916718,05815,056