CWH Options History — April 2017

In April 2017, CWH traded between $28.12 and $31.81. ATM implied volatility averaged 46.2%, placing in the 18.7% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 1.4% (HV 20d: 44.9%). Max pain ranged from $20.00 to $35.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.66.

Notable Days

2017-04-19: Highest Volume — 338 contracts
2017-04-04: Largest IV drop — 60.4% change
2017-04-03: Highest IV Rank — 49.0%
2017-04-03: Largest Expected Move — 31.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.83	$28.12	$31.81	$30.17	$31.01
Max Pain	$26.58	$20.00	$35.00	$35.00	$30.00
ATM IV	46.2%	31.1%	109.0%	109.0%	42.4%
Expected Move	13.4%	8.9%	31.2%	31.2%	12.1%
HV 20d	44.9%	39.1%	54.2%	52.3%	40.8%
HV 60d	41.5%	40.3%	42.2%	40.3%	41.0%
IV Rank	18.7%	11.3%	49.0%	49.0%	16.8%
IV Percentile	60.8%	46.8%	92.9%	92.9%	55.6%
Term Structure	-8.7%	-137.4%	10.8%	-137.4%	-4.0%
VWIV	44.7%	31.9%	89.3%	89.3%	41.9%
Skew 25d	9.1%	-8.7%	30.4%	-8.7%	1.8%
Skew 10d	16.6%	-3.3%	51.7%	0.9%	5.0%
Call IV 25d	39.9%	33.2%	50.3%	38.9%	44.1%
Put IV 25d	48.9%	30.2%	65.2%	30.2%	45.9%
Bid-Ask Spread %	100.66	87.76	154.36	154.36	102.73
Gamma HHI	0.38	0.27	0.57	0.57	0.42
Net GEX	6.1K	-2.5K	16.4K	3.8K	15.9K
Net DEX	-414.5K	-819.0K	-40.7K	-144.1K	-780.6K
Net VEX	-2.0K	-2.4K	-1.4K	-1.4K	-2.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.66	0.40	1.14	0.79	0.46
Total Volume	236.632	172	338	217	200
Total OI	694.105	430	879	430	681

Daily Data (19 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
2017-04-03	$30.17	$35.00	109.0%	31.2%	52.3%	49.0%	89.3%	-8.7%	-137.4%	3.8K	-144.1K	-1.4K	0.79	154.36	N/A	N/A	121	96	255	175
2017-04-04	$28.70	$35.00	43.1%	12.4%	54.2%	17.1%	43.7%	0.3%	1.1%	-2.3K	-40.7K	-1.4K	0.62	107.97	N/A	N/A	170	106	293	188
2017-04-05	$28.12	$35.00	31.1%	8.9%	54.0%	11.3%	31.9%	1.9%	10.8%	-125	-95.7K	-1.7K	1.06	110.31	N/A	N/A	130	138	379	216
2017-04-06	$28.50	$20.00	36.2%	11.9%	51.4%	13.8%	41.1%	12.9%	-1.1%	2.8K	-112.0K	-1.9K	1.14	88.61	N/A	N/A	121	138	442	259
2017-04-07	$28.62	$20.00	39.5%	11.9%	48.9%	15.4%	41.7%	8.9%	2.8%	2.9K	-130.3K	-1.9K	0.67	94.51	N/A	N/A	123	82	444	259
2017-04-10	$28.62	$20.00	41.8%	13.2%	44.7%	16.5%	46.4%	8.6%	-4.9%	2.6K	-208.0K	-1.9K	0.98	97.30	N/A	N/A	87	85	447	251
2017-04-11	$28.60	$20.00	43.4%	12.5%	44.7%	17.3%	43.8%	11.5%	-3.2%	2.4K	-188.4K	-1.8K	0.98	94.23	N/A	N/A	87	85	447	256
2017-04-12	$28.50	$20.00	44.6%	12.8%	44.7%	17.9%	44.0%	-0.0%	-2.1%	2.2K	-133.5K	-1.7K	0.59	89.98	N/A	N/A	144	85	447	256
2017-04-13	$29.13	$20.00	40.5%	11.6%	43.9%	15.9%	40.5%	5.0%	1.0%	3.8K	-240.2K	-1.9K	0.65	87.76	N/A	N/A	144	94	477	256
2017-04-17	$28.91	$20.00	42.0%	12.1%	43.7%	16.6%	42.0%	10.8%	1.5%	4.4K	-277.9K	-1.9K	0.90	102.00	N/A	N/A	144	130	477	267
2017-04-18	$30.02	$20.00	38.6%	11.1%	46.6%	15.0%	38.5%	16.9%	1.6%	-1.9K	-476.1K	-2.2K	0.59	100.96	N/A	N/A	160	95	527	280
2017-04-19	$30.54	$30.00	46.6%	13.4%	44.1%	18.8%	45.2%	-2.7%	-4.6%	-2.5K	-610.3K	-2.2K	0.40	91.78	N/A	N/A	241	97	532	300
2017-04-20	$31.00	$30.00	46.5%	13.3%	39.6%	18.8%	42.7%	7.0%	-5.5%	3.4K	-650.5K	-2.3K	0.46	96.17	N/A	N/A	211	96	550	311
2017-04-21	$30.38	$30.00	46.4%	13.3%	39.1%	18.7%	45.1%	2.8%	-5.7%	14.3K	-683.2K	-2.3K	0.48	97.09	N/A	N/A	199	96	572	307
2017-04-24	$30.96	$30.00	44.4%	12.7%	39.7%	17.8%	37.9%	30.4%	-1.7%	16.4K	-706.3K	-2.3K	0.41	103.33	N/A	N/A	148	61	454	172
2017-04-25	$31.39	$30.00	49.8%	14.3%	40.0%	20.4%	47.5%	17.5%	-7.9%	14.9K	-765.7K	-2.3K	0.44	91.72	N/A	N/A	141	62	463	184
2017-04-26	$31.74	$30.00	48.8%	14.0%	40.0%	19.9%	45.1%	24.4%	-7.7%	16.1K	-813.8K	-2.4K	0.49	99.95	N/A	N/A	127	62	484	199
2017-04-27	$31.81	$30.00	44.1%	12.6%	39.9%	17.6%	40.9%	23.0%	1.6%	16.2K	-819.0K	-2.4K	0.50	101.74	N/A	N/A	127	63	482	199
2017-04-28	$31.01	$30.00	42.4%	12.1%	40.8%	16.8%	41.9%	1.8%	-4.0%	15.9K	-780.6K	-2.3K	0.46	102.73	N/A	N/A	137	63	482	199