2.75Open3.60Pre Close1 Volume190 Open Interest33.00Strike Price275.00Turnover46.34%IV-0.30%PremiumAug 16, 2024Expiry Date2.84Intrinsic Value100Multiplier4DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type-0.9681Delta0.0614Gamma10.58Leverage Ratio-0.0079Theta-0.0017Rho-10.24Eff 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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