RWO Options History — January 2023

In January 2023, RWO traded between $40.73 and $44.83. ATM implied volatility averaged 26.8%, placing in the 34.1% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 5.0% (HV 20d: 21.8%). Max pain ranged from $42.00 to $45.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.79.

Notable Days

2023-01-04: Highest Volume — 341 contracts
2023-01-12: Largest IV spike — 54.8% change
2023-01-04: Highest IV Rank — 51.7%
2023-01-04: Largest Expected Move — 9.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.97	$40.73	$44.83	$40.94	$44.71
Max Pain	$42.17	$42.00	$45.00	$45.00	$42.00
ATM IV	26.8%	18.4%	33.2%	32.6%	24.0%
Expected Move	7.5%	5.3%	9.5%	9.3%	6.9%
HV 20d	21.8%	19.4%	25.3%	19.6%	19.4%
HV 60d	24.3%	23.2%	25.6%	24.9%	23.2%
IV Rank	34.1%	20.6%	51.7%	50.3%	22.3%
IV Percentile	43.7%	5.6%	76.2%	71.4%	26.2%
Term Structure	-3.9%	-11.2%	2.9%	-7.7%	-3.8%
Skew 25d	3.2%	-8.6%	11.8%	1.8%	-8.6%
Skew 10d	4.3%	-1.4%	9.9%	7.3%	5.0%
Call IV 25d	26.4%	12.9%	37.4%	37.4%	27.2%
Put IV 25d	29.6%	18.6%	39.2%	39.2%	18.6%
Bid-Ask Spread %	125.06	84.50	159.37	159.37	123.36
Gamma HHI	0.27	0.18	1.00	1.00	0.18
Net GEX	-907	-5.3K	4.1K	175	-4.0K
Net DEX	-141.0K	-252.4K	19.0K	-1.8K	-224.2K
Net VEX	-2.1K	-2.5K	-6	-6	-2.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.79	0.70	0.89	0.70	0.89
Total Volume	29	0	341	0	0
Total OI	216.5	1	253	1	240

Daily Data (20 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
2023-01-03	$40.94	$0.00	32.6%	9.3%	19.6%	50.3%	0.0%	1.8%	-7.7%	175	-1.8K	-6	0.00	159.37	N/A	N/A	0	0	1	0
2023-01-04	$41.58	$0.00	33.2%	9.5%	19.8%	51.7%	0.0%	4.2%	-11.2%	187	-2.1K	-6	0.70	144.85	N/A	N/A	201	140	1	0
2023-01-05	$40.73	$45.00	28.0%	5.7%	21.0%	40.7%	0.0%	7.0%	-1.5%	-1.1K	19.0K	-2.5K	0.00	112.45	N/A	N/A	0	0	127	126
2023-01-06	$41.69	$42.00	27.2%	6.3%	22.7%	39.0%	0.0%	3.6%	-2.3%	-122	-36.2K	-2.4K	0.00	117.85	N/A	N/A	0	0	127	112
2023-01-09	$41.65	$42.00	29.0%	6.9%	22.5%	42.8%	0.0%	11.8%	-3.6%	-1.5K	-79.7K	-2.4K	0.00	96.81	N/A	N/A	0	0	127	112
2023-01-10	$41.52	$42.00	21.6%	7.3%	22.5%	27.3%	0.0%	-1.6%	2.9%	-1.1K	-61.2K	-2.4K	0.00	95.28	N/A	N/A	0	0	127	112
2023-01-11	$42.86	$42.00	18.4%	5.3%	25.3%	20.6%	0.0%	8.9%	-0.2%	-2.7K	-159.3K	-2.4K	0.89	84.50	N/A	N/A	126	112	127	112
2023-01-12	$43.45	$42.00	28.5%	8.2%	24.9%	41.7%	0.0%	4.1%	-8.8%	4.1K	-188.1K	-2.2K	0.00	124.36	N/A	N/A	0	1	127	112
2023-01-13	$43.31	$42.00	23.4%	6.7%	25.0%	31.1%	0.0%	4.9%	-1.1%	75	-165.7K	-2.3K	0.00	136.27	N/A	N/A	0	0	127	113
2023-01-17	$43.42	$42.00	28.2%	8.1%	24.2%	41.1%	0.0%	3.9%	-6.1%	2.3K	-187.6K	-2.3K	0.00	142.50	N/A	N/A	0	0	127	113
2023-01-18	$43.05	$42.00	27.2%	7.8%	23.4%	39.0%	0.0%	3.3%	-5.7%	-1.2K	-164.5K	-2.4K	0.00	139.21	N/A	N/A	0	0	127	113
2023-01-19	$42.88	$42.00	27.4%	7.9%	21.1%	32.1%	0.0%	2.1%	-3.3%	915	-152.5K	-2.3K	0.00	141.19	N/A	N/A	0	0	127	113
2023-01-20	$43.16	$42.00	26.6%	7.6%	21.0%	28.6%	0.0%	2.1%	-3.6%	2.0K	-156.3K	-2.3K	0.00	138.08	N/A	N/A	0	0	127	113
2023-01-23	$43.61	$42.00	27.8%	8.0%	21.1%	31.5%	0.0%	2.9%	-3.6%	1.1K	-188.0K	-2.2K	0.00	137.02	N/A	N/A	0	0	127	113
2023-01-24	$43.83	$42.00	23.9%	6.8%	20.9%	22.0%	0.0%	4.3%	0.5%	-3.3K	-187.5K	-2.3K	0.00	116.72	N/A	N/A	0	0	127	113
2023-01-25	$43.81	$42.00	28.1%	8.1%	20.9%	32.2%	0.0%	0.3%	-5.0%	-1.7K	-194.9K	-2.2K	0.00	122.10	N/A	N/A	0	0	127	113
2023-01-26	$44.09	$42.00	27.7%	7.9%	20.9%	31.2%	0.0%	5.8%	-3.9%	-5.3K	-213.4K	-2.2K	0.00	122.92	N/A	N/A	0	0	127	113
2023-01-27	$44.83	$42.00	25.1%	7.2%	19.8%	25.0%	0.0%	5.9%	-3.7%	-2.5K	-252.4K	-2.0K	0.00	123.87	N/A	N/A	0	0	127	113
2023-01-30	$44.31	$42.00	27.6%	7.9%	19.7%	30.9%	0.0%	-2.6%	-5.6%	-4.5K	-224.0K	-2.2K	0.00	122.44	N/A	N/A	0	0	127	113
2023-01-31	$44.71	$42.00	24.0%	6.9%	19.4%	22.3%	0.0%	-8.6%	-3.8%	-4.0K	-224.2K	-2.1K	0.00	123.36	N/A	N/A	0	0	127	113