RWO Options History — January 2018

In January 2018, RWO traded between $47.59 and $48.95. ATM implied volatility averaged 12.2%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded above realized volatility by 2.2% (HV 20d: 9.9%). Max pain ranged from $49.00 to $51.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.04.

Notable Days

2018-01-31: Highest Volume — 41 contracts
2018-01-04: Largest IV spike — 36.2% change
2018-01-30: Highest IV Rank — 32.6%
2018-01-30: Largest Expected Move — 4.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.24	$47.59	$48.95	$48.82	$48.38
Max Pain	$50.81	$49.00	$51.00	$49.00	$51.00
ATM IV	12.2%	6.5%	15.3%	6.5%	14.4%
Expected Move	3.3%	1.6%	4.4%	1.9%	4.1%
HV 20d	9.9%	8.9%	11.3%	8.9%	11.3%
HV 60d	7.8%	6.9%	8.8%	6.9%	8.8%
IV Rank	21.1%	0.0%	32.6%	0.0%	29.3%
IV Percentile	37.2%	0.0%	81.7%	0.0%	71.8%
Term Structure	14.3%	-4.4%	38.1%	3.1%	-0.4%
VWIV	13.2%	6.5%	16.5%	6.5%	15.3%
Skew 25d	-0.1%	-5.4%	3.3%	3.3%	-3.4%
Skew 10d	0.8%	-5.9%	5.0%	3.0%	-5.7%
Call IV 25d	11.7%	6.8%	15.3%	8.7%	15.3%
Put IV 25d	11.7%	8.0%	13.9%	12.1%	11.9%
Bid-Ask Spread %	145.68	133.95	160.19	160.19	140.36
Gamma HHI	0.52	0.33	1.00	1.00	0.38
Net GEX	1.9K	256	5.2K	829	2.0K
Net DEX	-36.0K	-52.1K	973	-1.3K	-47.7K
Net VEX	-223	-305	-8	-19	-283
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.04	0.00	0.24	0.07	0.24
Total Volume	30.81	15	41	15	41
Total OI	19.476	5	25	5	23

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-01-02	$48.82	$49.00	6.5%	1.9%	8.9%	0.0%	6.5%	3.3%	3.1%	829	-1.3K	-19	0.07	160.19	N/A	N/A	14	1	4	1
2018-01-03	$48.95	$49.00	7.6%	2.2%	8.9%	4.1%	7.6%	-0.4%	2.5%	884	-2.3K	-20	0.07	153.38	N/A	N/A	14	1	4	1
2018-01-04	$48.34	$51.00	10.4%	2.6%	9.9%	14.4%	11.7%	-0.7%	0.5%	613	727	-14	0.07	141.61	N/A	N/A	14	1	4	1
2018-01-05	$48.48	$51.00	13.7%	3.1%	10.0%	26.6%	13.6%	-0.2%	38.1%	453	580	-13	0.07	153.32	N/A	N/A	14	1	4	1
2018-01-08	$48.61	$51.00	12.7%	1.6%	10.0%	23.1%	12.9%	1.2%	2.9%	256	973	-8	0.03	133.95	N/A	N/A	34	1	4	1
2018-01-09	$48.24	$51.00	15.3%	3.2%	10.2%	32.5%	14.1%	-0.3%	35.4%	1.7K	-51.7K	-305	0.03	151.82	N/A	N/A	34	1	24	1
2018-01-10	$47.79	$51.00	11.8%	3.4%	10.6%	19.9%	12.7%	1.2%	34.5%	1.6K	-50.4K	-298	0.03	146.27	N/A	N/A	34	1	24	1
2018-01-11	$47.70	$51.00	11.8%	3.4%	10.4%	19.7%	11.9%	0.9%	35.0%	1.8K	-52.0K	-295	0.03	147.97	N/A	N/A	34	1	24	1
2018-01-12	$47.59	$51.00	11.8%	3.4%	10.2%	19.6%	12.8%	1.3%	36.7%	1.7K	-45.3K	-297	0.03	146.47	N/A	N/A	34	1	24	1
2018-01-16	$47.69	$51.00	11.4%	3.3%	10.3%	18.2%	12.6%	0.9%	33.3%	1.6K	-49.5K	-290	0.03	141.10	N/A	N/A	34	1	24	1
2018-01-17	$48.05	$51.00	12.7%	3.6%	10.6%	23.1%	13.6%	0.3%	11.4%	2.8K	-41.2K	-294	0.03	139.79	N/A	N/A	34	1	24	1
2018-01-18	$47.70	$51.00	12.8%	3.7%	10.3%	23.5%	13.4%	1.3%	36.6%	1.8K	-49.5K	-290	0.03	145.65	N/A	N/A	34	1	24	1
2018-01-19	$47.83	$51.00	12.2%	3.5%	9.1%	21.2%	12.7%	1.3%	37.0%	1.6K	-48.2K	-287	0.03	147.41	N/A	N/A	34	1	24	1
2018-01-22	$48.23	$51.00	12.0%	3.4%	9.2%	20.3%	13.5%	-2.1%	0.3%	1.6K	-52.1K	-288	0.00	145.42	N/A	N/A	33	0	23	0
2018-01-23	$48.74	$51.00	12.0%	3.4%	9.8%	20.4%	12.8%	-0.7%	1.1%	5.2K	-45.1K	-289	0.00	147.46	N/A	N/A	33	0	23	0
2018-01-24	$48.73	$51.00	12.5%	3.6%	9.7%	22.4%	15.2%	0.1%	-3.0%	2.4K	-47.2K	-281	0.00	142.07	N/A	N/A	33	0	23	0
2018-01-25	$48.58	$51.00	11.9%	3.4%	9.6%	20.1%	15.3%	-1.6%	-0.1%	2.4K	-46.9K	-280	0.00	145.37	N/A	N/A	33	0	23	0
2018-01-26	$48.65	$51.00	12.5%	3.6%	9.5%	22.3%	16.5%	-1.5%	-0.2%	2.2K	-47.9K	-284	0.00	145.93	N/A	N/A	33	0	23	0
2018-01-29	$48.08	$51.00	14.3%	4.1%	10.2%	28.9%	16.0%	-5.4%	-0.1%	4.0K	-35.2K	-267	0.00	142.54	N/A	N/A	33	0	23	0
2018-01-30	$47.80	$51.00	15.3%	4.4%	10.3%	32.6%	15.6%	2.6%	-4.4%	1.9K	-44.7K	-274	0.00	141.26	N/A	N/A	33	0	23	0
2018-01-31	$48.38	$51.00	14.4%	4.1%	11.3%	29.3%	15.3%	-3.4%	-0.4%	2.0K	-47.7K	-283	0.24	140.36	N/A	N/A	33	8	23	0