RNG Options History — April 2024

In April 2024, RNG traded between $29.31 and $33.89. ATM implied volatility averaged 59.6%, placing in the 39.4% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded above realized volatility by 25.5% (HV 20d: 34.1%). Max pain ranged from $33.00 to $35.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 2.10.

Notable Days

  • 2024-04-18: Highest Volume — 3,354 contracts
  • 2024-04-04: Largest IV spike — 29.0% change
  • 2024-04-19: Highest IV Rank — 49.8%
  • 2024-04-30: Largest Expected Move — 23.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.34$29.31$33.89$33.89$29.82
Max Pain$34.55$33.00$35.00$34.00$33.00
ATM IV59.6%44.2%64.3%53.0%63.6%
Expected Move17.7%12.6%23.1%12.7%23.1%
HV 20d34.1%24.8%47.3%46.6%36.6%
HV 60d41.0%39.7%42.4%40.2%41.8%
IV Rank39.4%5.0%49.8%24.7%48.4%
IV Percentile62.0%4.4%72.2%50.0%72.2%
Term Structure-0.7%-3.8%6.4%-2.0%-2.4%
VWIV62.1%43.8%79.5%44.6%79.5%
Skew 25d2.5%-5.7%20.5%-5.7%0.9%
Skew 10d2.9%-12.6%8.5%-6.0%3.7%
Call IV 25d61.3%54.4%71.7%59.4%64.2%
Put IV 25d63.8%53.7%74.9%53.7%65.0%
Bid-Ask Spread %48.1527.7862.2256.5634.04
Gamma HHI0.120.090.160.120.09
Net GEX40.4K-166.3K239.7K239.7K61.4K
Net DEX-6.1M-15.5M1.5M-15.5M-3.4M
Net VEX-168.1K-186.0K-147.0K-186.0K-156.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.100.169.400.511.15
Total Volume1,043.1822303,354860491
Total OI32,745.72730,45135,03631,50333,197

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$33.89$34.0053.0%12.7%46.6%24.7%44.6%-5.7%-2.0%239.7K-15.5M-186.0K0.5156.56N/AN/A57128916,92014,583
2024-04-02$33.00$33.0058.1%12.8%47.3%36.0%45.8%1.7%0.2%167.6K-11.8M-180.6K1.0954.72N/AN/A45349617,24514,862
2024-04-03$33.05$33.0044.2%12.6%43.0%5.0%43.8%2.0%2.8%130.7K-12.3M-181.6K1.9958.14N/AN/A7715317,39715,305
2024-04-04$32.69$35.0057.1%16.8%42.9%33.7%58.3%5.4%4.8%75.8K-10.2M-180.5K0.7951.19N/AN/A55443717,44215,427
2024-04-05$32.47$35.0057.4%17.3%28.1%34.5%59.6%20.5%-1.8%55.2K-8.5M-182.7K1.9754.71N/AN/A48896017,43415,716
2024-04-08$32.84$35.0056.9%17.4%24.8%33.2%60.4%0.9%2.3%-3.7K-9.6M-178.3K0.4754.63N/AN/A2089716,89915,480
2024-04-09$33.82$35.0057.8%17.1%27.6%35.4%59.6%2.2%1.2%176.3K-13.2M-181.6K0.6054.84N/AN/A61136617,01815,563
2024-04-10$32.20$35.0059.1%17.4%31.3%38.1%59.6%2.4%1.3%-136.3K-7.7M-179.4K2.1162.22N/AN/A6181,30517,45115,780
2024-04-11$32.55$35.0057.2%16.8%31.9%34.0%59.4%2.1%2.2%-166.3K-8.7M-172.2K5.5557.15N/AN/A15887717,75215,157
2024-04-12$31.59$35.0057.4%17.5%31.7%34.5%60.0%2.2%6.4%85.0K-4.1M-172.0K1.9542.34N/AN/A7111,38517,79615,563
2024-04-15$30.55$35.0061.8%18.0%33.2%44.3%63.4%2.4%-3.4%-113.4K-2.7M-164.5K1.2346.43N/AN/A27133217,82315,271
2024-04-16$30.38$35.0062.7%18.1%31.8%46.2%62.8%5.0%-2.0%-138.4K-1.9M-161.2K0.6159.19N/AN/A43626818,03115,214
2024-04-17$29.88$35.0063.2%18.1%31.9%47.3%63.6%2.6%-2.0%-166.0K-277.8K-155.6K8.5358.15N/AN/A8169118,09715,248
2024-04-18$29.34$35.0063.2%18.3%31.0%47.5%63.9%0.8%-3.1%-114.1K1.5M-147.0K1.7856.41N/AN/A1,2062,14818,10715,062
2024-04-19$29.31$35.0064.3%18.7%30.7%49.8%65.5%2.0%-2.5%27.7K1.5M-154.4K0.4355.82N/AN/A25210919,11615,920
2024-04-22$29.68$35.0062.7%18.8%31.6%46.2%66.1%1.4%-3.6%58.5K-2.3M-154.2K0.5332.61N/AN/A63634016,11514,336
2024-04-23$30.55$35.0062.3%19.1%34.3%45.4%66.8%1.8%-3.0%106.9K-5.0M-160.8K0.1627.78N/AN/A70311316,62914,445
2024-04-24$30.13$35.0062.5%19.4%33.5%45.7%70.7%1.9%-2.8%136.4K-4.1M-159.1K9.4031.63N/AN/A2101,97517,11914,467
2024-04-25$29.88$34.0062.6%19.8%32.1%46.0%70.0%1.4%-2.8%65.9K-2.6M-163.0K0.4635.34N/AN/A2009117,26715,877
2024-04-26$30.55$34.0061.7%19.6%33.8%44.1%69.4%0.4%-3.8%136.1K-4.5M-160.5K3.9737.86N/AN/A21685817,35815,925
2024-04-29$31.21$34.0062.9%21.0%34.4%46.8%74.1%1.3%-2.3%204.6K-8.2M-167.2K1.0137.55N/AN/A25325616,88316,109
2024-04-30$29.82$33.0063.6%23.1%36.6%48.4%79.5%0.9%-2.4%61.4K-3.4M-156.3K1.1534.04N/AN/A22826316,95216,245