RWO Options History — April 2020

In April 2020, RWO traded between $32.78 and $39.22. ATM implied volatility averaged 42.2%, placing in the 31.4% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded below realized volatility by 27.7% (HV 20d: 69.9%). Max pain ranged from $28.00 to $34.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 6 of 21 days.

Notable Days

  • 2020-04-20: Highest Volume — 174 contracts
  • 2020-04-08: Largest IV drop — 44.1% change
  • 2020-04-07: Highest IV Rank — 50.5%
  • 2020-04-01: Largest Expected Move — 18.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.79$32.78$39.22$33.72$38.33
Max Pain$28.29$28.00$34.00$34.00$28.00
ATM IV42.2%34.5%63.3%62.8%36.3%
Expected Move11.4%9.9%18.0%18.0%10.4%
HV 20d69.9%44.1%94.4%88.9%44.1%
HV 60d58.7%54.8%60.8%54.8%60.8%
IV Rank31.4%24.5%50.5%50.1%26.1%
IV Percentile81.0%71.8%94.8%94.8%73.8%
Term Structure-1.3%-22.0%43.5%-21.9%23.1%
Skew 25d8.0%-5.0%20.9%-5.0%20.7%
Skew 10d1.6%-15.2%14.6%-15.2%1.4%
Call IV 25d36.6%23.2%68.9%68.9%24.2%
Put IV 25d44.6%29.5%63.9%63.9%44.9%
Bid-Ask Spread %130.27117.47138.74137.62132.24
Gamma HHI0.760.340.990.730.99
Net GEX-4.0K-13.9K-66-668-9.5K
Net DEX58.2K670186.2K12.0K103.2K
Net VEX-403-1.2K-6-28-833
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume8.333017400
Total OI73.47641789178

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$33.72$34.0062.8%18.0%88.9%50.1%0.0%-5.0%-21.9%-66812.0K-280.00137.62N/AN/A0018
2020-04-02$33.35$28.0051.2%12.2%88.9%39.6%0.0%6.7%-8.8%-84912.6K-260.00122.84N/AN/A0018
2020-04-03$32.78$28.0050.1%12.0%88.9%38.6%0.0%6.4%-7.6%-82913.9K-250.00123.60N/AN/A0018
2020-04-06$34.90$28.0049.6%9.9%92.2%38.1%0.0%5.5%-4.2%-9618.8K-220.00128.01N/AN/A0018
2020-04-07$36.33$28.0063.3%11.9%94.0%50.5%0.0%2.5%-8.7%-6826.1K-200.00133.96N/AN/A0118
2020-04-08$37.39$28.0035.4%10.1%94.4%25.3%0.0%9.0%-3.2%-6344.4K-210.00132.23N/AN/A0019
2020-04-09$39.22$28.0034.7%10.0%88.4%24.7%0.0%7.4%0.1%-280670-60.00135.94N/AN/A0019
2020-04-13$38.30$28.0038.3%11.0%88.2%27.9%0.0%-0.1%-13.0%-4382.7K-170.00136.34N/AN/A0019
2020-04-14$38.87$28.0036.5%10.5%74.6%26.3%0.0%4.5%-9.0%-3211.8K-140.00136.30N/AN/A0019
2020-04-15$37.35$28.0045.3%13.0%76.2%34.3%0.0%4.9%-9.7%-6104.5K-200.00138.74N/AN/A0019
2020-04-16$36.86$28.0037.9%10.9%63.6%27.6%0.0%5.5%-6.8%-6793.4K-160.00127.22N/AN/A0019
2020-04-17$37.94$28.0036.4%10.4%64.0%26.2%0.0%6.2%-1.2%-661.2K-130.00128.38N/AN/A0019
2020-04-20$36.95$28.0041.3%11.8%64.4%30.6%0.0%18.7%43.5%-1071.6K-140.00117.47N/AN/A017413
2020-04-21$36.18$28.0034.5%9.9%61.5%24.5%0.0%14.1%15.4%-9.5K171.6K-1.2K0.00120.79N/AN/A001177
2020-04-22$36.50$28.0037.4%10.7%54.4%27.1%0.0%16.7%-7.2%-8.2K186.2K-1.2K0.00122.42N/AN/A001177
2020-04-23$36.44$28.0040.3%11.6%48.0%29.7%0.0%9.7%-22.0%-9.2K160.8K-1.2K0.00125.64N/AN/A001177
2020-04-24$36.56$28.0040.1%11.5%47.6%29.6%0.0%20.9%9.6%-9.1K152.5K-1.1K0.00127.16N/AN/A001177
2020-04-27$37.60$28.0040.4%11.6%48.4%29.8%0.0%4.6%-6.3%-6.6K148.3K-1.1K0.00135.14N/AN/A001177
2020-04-28$38.09$28.0038.4%11.0%48.5%28.0%0.0%7.6%-1.1%-9.9K107.5K-8940.00134.93N/AN/A001177
2020-04-29$39.01$28.0035.9%10.3%48.9%25.8%0.0%0.7%12.7%-13.9K118.9K-7220.00138.74N/AN/A001177
2020-04-30$38.33$28.0036.3%10.4%44.1%26.1%0.0%20.7%23.1%-9.5K103.2K-8330.00132.24N/AN/A001177