CWH Options History — April 2018

In April 2018, CWH traded between $25.83 and $32.50. ATM implied volatility averaged 60.8%, placing in the 44.5% IV rank vs the trailing year. The 30-day expected move averaged 17.6%. IV traded below realized volatility by 2.4% (HV 20d: 63.2%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 2.02.

Notable Days

  • 2018-04-30: Highest Volume — 12,279 contracts
  • 2018-04-05: Largest IV spike — 22.1% change
  • 2018-04-30: Highest IV Rank — 62.0%
  • 2018-04-30: Largest Expected Move — 21.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.57$25.83$32.50$29.59$28.74
Max Pain$28.81$25.00$35.00$35.00$25.00
ATM IV60.8%52.3%75.5%60.8%75.5%
Expected Move17.6%15.5%21.7%17.4%21.7%
HV 20d63.2%49.8%75.5%71.6%49.8%
HV 60d54.6%52.4%57.1%52.4%57.1%
IV Rank44.5%34.5%62.0%43.9%62.0%
IV Percentile94.1%85.7%99.2%95.2%99.2%
Term Structure-5.3%-17.0%9.0%4.4%-15.6%
VWIV62.7%54.2%77.7%64.4%77.7%
Skew 25d2.7%-7.2%9.2%0.4%1.4%
Skew 10d8.3%-4.8%26.7%0.3%3.6%
Call IV 25d62.8%56.4%78.8%67.8%78.8%
Put IV 25d65.5%53.8%80.3%68.2%80.3%
Bid-Ask Spread %73.6950.8491.1768.5970.03
Gamma HHI0.260.180.360.240.18
Net GEX135.5K-44.5K401.9K159.8K277.3K
Net DEX202.8K-7.2M6.4M-1.6M-6.5M
Net VEX-55.7K-86.5K-36.1K-78.6K-65.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.020.0412.590.070.04
Total Volume2,256.90548712,2793,04012,279
Total OI23,026.76219,32226,34022,05326,340

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$29.59$35.0060.8%17.4%71.6%43.9%64.4%0.4%4.4%159.8K-1.6M-78.6K0.0768.59N/AN/A2,84219818,4093,644
2018-04-03$30.13$35.0055.4%15.9%71.9%37.6%55.5%6.3%6.7%92.1K-173.1K-64.2K5.3369.93N/AN/A2721,45016,2653,710
2018-04-04$31.30$35.0054.2%15.5%71.6%36.1%54.2%-5.6%9.0%195.6K-2.7M-69.9K0.7080.72N/AN/A2,1561,51216,2773,045
2018-04-05$32.50$30.0066.2%18.2%73.7%50.9%60.1%8.5%-9.1%401.9K-7.2M-86.5K1.6080.70N/AN/A18730018,1473,075
2018-04-06$30.89$30.0052.8%17.0%75.1%35.1%59.2%5.3%-2.8%292.9K-4.3M-75.0K8.1382.20N/AN/A2722,21118,1643,068
2018-04-09$29.76$30.0055.4%16.6%75.5%38.1%59.4%0.7%-1.9%69.9K-34.9K-65.8K12.5986.92N/AN/A1762,21618,2434,199
2018-04-10$29.41$30.0052.3%17.1%75.1%34.5%65.6%-7.2%-3.7%9.7K1.0M-60.1K0.8391.17N/AN/A35329218,2794,178
2018-04-11$28.29$30.0061.7%17.7%75.5%45.6%63.2%3.8%-8.5%-9.4K3.3M-49.0K0.7583.00N/AN/A44333118,4724,316
2018-04-12$28.38$30.0058.7%16.8%63.7%42.0%59.4%5.8%-2.3%-44.5K3.5M-48.6K0.6261.79N/AN/A53533418,5904,341
2018-04-13$27.38$30.0060.6%17.4%55.5%44.4%66.7%1.0%-9.5%16.9K5.2M-41.6K0.9174.18N/AN/A27725118,6674,345
2018-04-16$26.90$30.0061.6%17.7%55.4%45.5%59.7%4.9%-8.4%62.7K6.4M-36.1K3.0262.03N/AN/A4391,32618,6844,353
2018-04-17$27.70$30.0058.2%16.7%55.4%41.5%61.3%-0.7%-6.8%7.9K4.9M-41.3K1.9358.34N/AN/A33264118,8604,711
2018-04-18$28.19$30.0054.2%15.5%56.3%36.8%55.2%2.3%-3.6%177.6K5.4M-41.3K0.3875.40N/AN/A1,12742818,9434,794
2018-04-19$27.74$25.0056.7%16.2%56.3%39.6%60.3%1.5%-7.3%184.1K4.3M-43.9K0.4479.12N/AN/A1,07847819,8574,688
2018-04-20$27.14$25.0062.4%17.9%55.5%46.4%63.0%-0.8%0.6%221.4K2.7M-48.1K0.6865.21N/AN/A1,35991920,3614,781
2018-04-23$26.50$25.0065.7%18.8%55.7%50.3%66.1%3.6%-9.2%167.0K-1.0M-38.7K2.1971.64N/AN/A1,2792,79818,0383,040
2018-04-24$25.83$25.0065.4%18.7%56.0%50.0%65.7%1.4%-9.0%52.0K930.4K-46.3K0.4250.84N/AN/A1,04244018,3285,284
2018-04-25$27.13$25.0072.0%20.6%59.1%57.8%68.3%8.8%-17.0%122.6K-1.8M-51.1K0.8183.43N/AN/A1,14593218,9055,333
2018-04-26$28.40$25.0063.3%18.2%61.8%47.6%65.6%9.2%-8.8%199.1K-4.5M-58.7K0.4672.54N/AN/A93343119,3565,823
2018-04-27$28.07$25.0064.7%18.5%57.4%49.2%65.2%6.7%-8.6%189.1K-3.6M-58.4K0.5979.60N/AN/A87051119,7605,889
2018-04-30$28.74$25.0075.5%21.7%49.8%62.0%77.7%1.4%-15.6%277.3K-6.5M-65.6K0.0470.03N/AN/A11,75152820,1986,142