RNG Options History — May 2024

In May 2024, RNG traded between $30.04 and $37.84. ATM implied volatility averaged 41.6%, placing in the 12.4% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded below realized volatility by 9.3% (HV 20d: 50.8%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.78.

Notable Days

  • 2024-05-08: Highest Volume — 6,217 contracts
  • 2024-05-08: Largest IV drop — 34.4% change
  • 2024-05-01: Highest IV Rank — 49.4%
  • 2024-05-03: Largest Expected Move — 23.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.43$30.04$37.84$30.04$34.12
Max Pain$30.73$30.00$35.00$32.00$31.00
ATM IV41.6%32.2%64.1%64.1%32.2%
Expected Move12.4%9.3%23.6%22.9%10.5%
HV 20d50.8%34.7%57.3%36.8%54.2%
HV 60d45.7%41.6%49.0%41.6%45.0%
IV Rank12.4%0.0%49.4%49.4%0.0%
IV Percentile17.0%0.0%73.8%73.8%0.0%
Term Structure-0.1%-3.5%11.8%-2.7%-1.1%
VWIV43.3%32.3%81.9%79.8%36.0%
Skew 25d0.4%-14.8%2.9%-14.8%0.6%
Skew 10d1.9%-7.5%6.1%1.4%4.6%
Call IV 25d42.3%32.4%79.7%79.7%37.9%
Put IV 25d42.8%33.4%65.9%64.9%38.5%
Bid-Ask Spread %56.1135.2077.6040.4668.71
Gamma HHI0.160.090.330.090.14
Net GEX517.4K80.3K957.8K80.5K584.8K
Net DEX-17.4M-32.0M-4.0M-4.0M-13.9M
Net VEX-164.7K-172.4K-153.1K-157.2K-160.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.122.310.830.80
Total Volume1,361.7732186,2174331,523
Total OI33,229.530,38238,28833,51932,628

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$30.04$32.0064.1%22.9%36.8%49.4%79.8%-14.8%-2.7%80.5K-4.0M-157.2K0.8340.46N/AN/A23719617,08116,438
2024-05-02$30.41$32.0064.0%23.1%37.2%49.2%81.0%1.9%-3.5%111.9K-4.6M-158.6K1.6237.36N/AN/A10216517,12416,504
2024-05-03$30.48$32.0062.6%23.6%37.3%45.9%81.9%2.9%-2.6%97.7K-4.7M-157.5K0.9335.20N/AN/A72067217,15616,608
2024-05-06$30.38$30.0063.7%17.2%36.9%48.4%57.0%1.4%-1.9%96.0K-5.4M-156.3K1.2149.35N/AN/A29836016,89115,919
2024-05-07$30.09$30.0061.3%15.9%34.7%43.1%55.5%1.6%-2.3%80.3K-4.3M-153.1K1.0454.40N/AN/A1,1061,15217,18016,198
2024-05-08$34.16$30.0040.2%11.4%55.6%0.0%40.2%1.1%-0.5%666.2K-19.3M-164.2K1.0657.84N/AN/A3,0253,19218,20917,252
2024-05-09$35.36$30.0036.8%10.5%56.6%0.0%37.9%0.4%0.3%957.8K-26.0M-168.2K0.2748.64N/AN/A1,23632819,45818,825
2024-05-10$35.33$30.0035.4%10.3%55.2%0.0%36.4%0.7%1.0%924.1K-25.3M-166.4K0.2650.88N/AN/A89923319,35318,935
2024-05-13$36.59$30.0036.7%10.7%54.2%2.8%37.3%1.3%0.6%663.3K-26.5M-171.2K0.5761.41N/AN/A1,39480017,56214,402
2024-05-14$37.45$30.0037.4%10.5%54.1%4.1%37.6%1.5%-0.6%882.3K-30.9M-172.4K0.2349.68N/AN/A1,23528418,50014,551
2024-05-15$37.84$30.0035.3%9.3%53.1%0.0%33.4%-0.7%-2.4%913.7K-32.0M-171.6K1.6177.60N/AN/A48277618,35214,747
2024-05-16$36.77$30.0034.7%9.8%54.1%0.0%33.5%2.5%-0.6%678.2K-26.4M-171.4K0.4373.52N/AN/A1,15249118,59115,230
2024-05-17$36.95$30.0033.2%9.3%53.9%0.0%32.3%0.3%-0.6%504.1K-27.0M-169.8K1.2957.32N/AN/A58174718,96015,610
2024-05-20$37.34$30.0033.1%9.4%53.9%0.0%32.9%0.9%0.9%590.5K-23.8M-171.8K0.3254.95N/AN/A93830216,87313,509
2024-05-21$36.20$30.0032.6%9.3%55.5%0.0%32.7%1.0%2.5%516.0K-19.0M-169.5K0.5354.60N/AN/A1,11859517,14013,698
2024-05-22$35.27$35.0033.9%9.7%56.3%2.5%33.6%1.8%0.6%598.5K-16.7M-169.3K0.5151.23N/AN/A28214418,12714,124
2024-05-23$34.40$34.0034.3%9.5%57.3%3.5%33.7%0.6%11.8%458.3K-13.5M-163.5K2.3162.21N/AN/A33276618,22113,952
2024-05-24$34.69$30.0033.6%9.5%57.0%1.9%33.6%1.1%1.7%527.0K-15.0M-163.9K0.1559.56N/AN/A3174818,37314,027
2024-05-28$34.86$30.0036.0%10.0%56.7%6.9%36.3%2.5%-0.6%518.6K-16.3M-164.5K0.1261.88N/AN/A2643217,61513,802
2024-05-29$34.55$30.0035.9%10.1%53.8%6.6%35.7%1.1%-2.0%490.0K-15.1M-163.0K0.8264.54N/AN/A1209817,80313,825
2024-05-30$34.16$30.0037.2%10.4%54.2%9.2%35.0%0.2%-0.2%442.6K-13.8M-159.4K0.1763.03N/AN/A1,03817917,84513,851
2024-05-31$34.12$31.0032.2%10.5%54.2%0.0%36.0%0.6%-1.1%584.8K-13.9M-160.1K0.8068.71N/AN/A84467918,72813,900