CWH Options History — March 2017

In March 2017, CWH traded between $30.39 and $36.32. ATM implied volatility averaged 72.9%, placing in the 31.5% IV rank vs the trailing year. The 30-day expected move averaged 17.2%. IV traded above realized volatility by 28.6% (HV 20d: 44.3%). Max pain ranged from $22.50 to $35.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.51.

Notable Days

2017-03-09: Highest Volume — 277 contracts
2017-03-06: Largest IV spike — 69.3% change
2017-03-08: Highest IV Rank — 56.2%
2017-03-31: Largest Expected Move — 27.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.12	$30.39	$36.32	$36.32	$32.22
Max Pain	$33.37	$22.50	$35.00	$22.50	$35.00
ATM IV	72.9%	40.3%	124.0%	92.9%	96.8%
Expected Move	17.2%	10.4%	27.7%	26.6%	27.7%
HV 20d	44.3%	31.5%	52.5%	31.5%	49.0%
HV 60d	35.9%	32.5%	38.8%	32.5%	38.2%
IV Rank	31.5%	15.8%	56.2%	41.2%	43.1%
IV Percentile	77.6%	64.3%	96.4%	87.3%	87.3%
Term Structure	-17.6%	-113.5%	25.5%	-45.9%	-113.5%
VWIV	58.7%	33.1%	91.5%	78.6%	91.5%
Skew 25d	0.8%	-60.1%	49.5%	-5.2%	26.1%
Skew 10d	3.8%	-122.9%	87.5%	-28.9%	87.5%
Call IV 25d	60.7%	27.2%	102.1%	75.0%	27.2%
Put IV 25d	61.5%	34.6%	107.1%	69.8%	53.2%
Bid-Ask Spread %	135.48	114.63	153.74	119.87	148.13
Gamma HHI	0.55	0.39	0.81	0.63	0.58
Net GEX	8.2K	3.7K	18.1K	8.5K	3.8K
Net DEX	-319.9K	-452.6K	-184.9K	-395.0K	-184.9K
Net VEX	-1.3K	-1.6K	-904	-904	-1.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.51	0.32	1.00	0.34	1.00
Total Volume	183.826	111	277	114	178
Total OI	375	229	507	229	430

Daily Data (23 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
2017-03-01	$36.32	$22.50	92.9%	26.6%	31.5%	41.2%	78.6%	-5.2%	-45.9%	8.5K	-395.0K	-904	0.34	119.87	N/A	N/A	85	29	171	58
2017-03-02	$35.23	$22.50	49.6%	14.2%	34.0%	20.3%	49.9%	0.2%	7.3%	12.4K	-386.0K	-1.1K	0.34	128.76	N/A	N/A	85	29	205	58
2017-03-03	$35.18	$22.50	72.7%	20.8%	34.0%	31.4%	49.8%	3.6%	2.8%	9.9K	-376.3K	-989	0.34	137.91	N/A	N/A	85	29	207	58
2017-03-06	$36.04	$35.00	123.0%	17.1%	34.7%	55.7%	60.5%	5.6%	4.4%	9.5K	-412.3K	-1.1K	0.46	124.95	N/A	N/A	90	41	207	58
2017-03-07	$35.28	$35.00	117.1%	15.9%	35.8%	52.9%	64.0%	3.2%	8.2%	8.9K	-391.3K	-1.2K	0.59	129.25	N/A	N/A	70	41	216	71
2017-03-08	$35.44	$35.00	124.0%	13.0%	35.1%	56.2%	54.5%	-1.8%	6.7%	9.5K	-428.1K	-1.2K	0.47	122.43	N/A	N/A	87	41	237	71
2017-03-09	$33.35	$35.00	56.1%	12.7%	42.4%	23.4%	64.4%	41.4%	-25.2%	14.3K	-289.2K	-1.0K	0.53	114.63	N/A	N/A	181	96	290	71
2017-03-10	$31.69	$35.00	79.4%	11.2%	43.6%	34.7%	40.1%	-10.8%	-8.3%	11.9K	-270.3K	-1.4K	0.32	120.53	N/A	N/A	210	67	347	103
2017-03-13	$33.27	$35.00	62.1%	15.8%	47.2%	26.3%	57.2%	-28.2%	-9.7%	15.5K	-393.5K	-1.4K	0.42	123.46	N/A	N/A	166	69	373	106
2017-03-14	$33.20	$35.00	72.5%	10.4%	47.1%	31.4%	33.1%	-6.0%	25.5%	18.1K	-452.6K	-1.5K	0.42	141.90	N/A	N/A	163	69	380	112
2017-03-15	$32.79	$35.00	44.2%	12.7%	47.2%	17.7%	42.7%	-20.0%	10.6%	13.9K	-316.2K	-1.2K	0.42	136.43	N/A	N/A	144	60	369	112
2017-03-16	$33.78	$35.00	40.3%	11.6%	46.3%	15.8%	41.8%	-13.7%	-6.4%	3.7K	-388.5K	-1.4K	0.39	138.32	N/A	N/A	175	69	394	113
2017-03-17	$33.96	$35.00	60.2%	17.3%	45.7%	25.4%	60.0%	-35.7%	-43.6%	4.3K	-433.6K	-1.5K	0.38	140.98	N/A	N/A	183	69	389	103
2017-03-20	$33.82	$35.00	72.3%	20.7%	45.1%	31.3%	66.6%	-60.1%	-22.3%	6.8K	-379.8K	-1.5K	0.44	140.82	N/A	N/A	103	45	220	102
2017-03-21	$32.14	$35.00	43.9%	12.6%	47.9%	17.5%	40.4%	4.3%	-17.2%	6.3K	-288.8K	-1.4K	0.54	137.03	N/A	N/A	103	56	226	102
2017-03-22	$30.39	$35.00	58.0%	16.6%	51.2%	24.4%	59.7%	28.2%	-21.3%	5.2K	-194.8K	-1.5K	0.68	142.92	N/A	N/A	113	77	230	117
2017-03-23	$31.22	$35.00	49.3%	14.1%	52.5%	20.1%	44.3%	-2.2%	-21.0%	3.8K	-231.5K	-1.6K	0.70	143.42	N/A	N/A	110	77	250	133
2017-03-24	$31.01	$35.00	51.8%	14.9%	51.3%	21.4%	37.1%	13.9%	-20.2%	3.7K	-214.5K	-1.6K	0.46	140.64	N/A	N/A	127	58	250	133
2017-03-27	$31.11	$35.00	79.9%	22.9%	50.5%	34.9%	56.6%	49.5%	-22.7%	4.5K	-248.5K	-1.6K	0.48	153.42	N/A	N/A	127	61	250	133
2017-03-28	$31.45	$35.00	82.3%	23.6%	50.8%	36.1%	90.4%	29.6%	-25.3%	5.7K	-233.6K	-1.3K	0.52	153.74	N/A	N/A	127	66	250	133
2017-03-29	$31.62	$35.00	58.8%	16.9%	48.1%	24.7%	85.9%	-25.4%	-17.9%	4.1K	-233.7K	-1.5K	0.48	147.96	N/A	N/A	128	62	250	143
2017-03-30	$31.27	$35.00	89.1%	25.5%	47.3%	39.4%	82.1%	23.0%	-48.7%	4.8K	-215.9K	-1.5K	0.99	128.48	N/A	N/A	89	88	251	143
2017-03-31	$32.22	$35.00	96.8%	27.7%	49.0%	43.1%	91.5%	26.1%	-113.5%	3.8K	-184.9K	-1.4K	1.00	148.13	N/A	N/A	89	89	255	175