0.50Open0.55Pre Close8 Volume40 Open Interest30.00Strike Price467.00Turnover57.20%IV0.10%PremiumAug 16, 2024Expiry Date0.60Intrinsic Value100Multiplier0DDays to Expiry0.03Extrinsic Value100Contract SizeAmericanOptions Type0.8560Delta0.3898Gamma48.96Leverage Ratio-0.1667Theta0.0003Rho41.91Eff Leverage0.0023Vega
Range Resources Stock Discussion
I want to see it drop to 2 now
No matter what, price will go down soon.
It may hit 37$ but that is the point where it stops and ⬇️
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Maintain our OW rating and raise our PT (NAV based) to $33 from $31. We expect RRC to be nearly FCF neutral this quarter despite gas macro weakness, aided by RRC's low decline asset base and prudent hedging strategy.
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1. Activity Cadence and Hedging Update. RRC is currently running 3 rigs in the Marcellus, but plans to drop two of them by Q4'23. Public data shows 11 / 6 gross spuds / completions through 6/30/2...
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