CWH Options History — May 2018

In May 2018, CWH traded between $19.05 and $28.65. ATM implied volatility averaged 62.5%, placing in the 46.6% IV rank vs the trailing year. The 30-day expected move averaged 16.8%. IV traded below realized volatility by 12.0% (HV 20d: 74.5%). Max pain ranged from $22.30 to $29.80. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.47.

Notable Days

  • 2018-05-23: Highest Volume — 13,303 contracts
  • 2018-05-23: Largest IV spike — 30.5% change
  • 2018-05-07: Highest IV Rank — 84.9%
  • 2018-05-02: Largest Expected Move — 26.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.59$19.05$28.65$28.65$19.07
Max Pain$24.45$22.30$29.80$25.00$22.30
ATM IV62.5%47.0%94.8%78.7%56.4%
Expected Move16.8%13.5%26.0%22.6%16.2%
HV 20d74.5%45.5%86.9%49.3%85.0%
HV 60d65.6%55.7%71.0%56.0%69.4%
IV Rank46.6%28.2%84.9%65.7%39.3%
IV Percentile84.2%63.9%99.6%99.2%83.7%
Term Structure-3.9%-31.3%3.4%-18.0%-2.6%
VWIV58.7%48.6%84.0%83.6%56.8%
Skew 25d2.2%-1.1%11.6%4.6%-1.0%
Skew 10d4.7%-10.6%22.5%22.5%-4.5%
Call IV 25d59.7%50.6%84.4%82.8%58.8%
Put IV 25d61.9%50.5%91.4%87.4%57.8%
Bid-Ask Spread %42.6913.6773.5073.5022.75
Gamma HHI0.250.110.440.220.19
Net GEX339.5K-25.7K739.3K633.4K207.9K
Net DEX706.8K-17.0M12.0M-12.9M2.0M
Net VEX-78.3K-111.3K-43.6K-80.6K-103.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.121.170.250.47
Total Volume5,006.7731,24513,3032,1926,655
Total OI45,171.13633,70762,74634,45145,626

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-05-01$28.65$25.0078.7%22.6%49.3%65.7%83.6%4.6%-18.0%633.4K-12.9M-80.6K0.2573.50N/AN/A1,75643627,9796,472
2018-05-02$27.31$25.0090.8%26.0%49.3%80.1%84.0%7.0%-31.3%483.6K-8.2M-70.8K0.3270.97N/AN/A1,61651227,1246,583
2018-05-03$26.25$29.8090.5%19.5%47.7%79.8%66.9%4.3%-11.6%425.1K-6.7M-69.5K0.1671.52N/AN/A2,36537828,2896,703
2018-05-04$26.37$29.8090.3%20.0%45.5%79.5%67.3%2.1%-12.4%525.6K-9.1M-70.1K0.2470.50N/AN/A2,24554329,8046,885
2018-05-07$27.89$29.8094.8%18.9%49.4%84.9%67.4%1.6%-9.7%739.3K-17.0M-81.7K0.6067.45N/AN/A4,1432,46730,9177,226
2018-05-08$23.48$29.8068.2%16.1%77.7%53.3%54.8%-0.2%-2.1%-25.7K9.8M-43.6K0.5949.67N/AN/A7,5624,44132,2499,709
2018-05-09$22.35$29.8056.9%16.3%78.3%39.9%55.8%0.2%0.0%73.2K11.4M-44.0K0.4364.20N/AN/A3,9611,68534,96010,603
2018-05-10$23.08$24.8054.4%15.6%79.7%36.9%54.6%1.9%0.4%205.9K5.6M-53.7K0.2332.68N/AN/A6,5451,52537,49211,485
2018-05-11$21.89$22.5053.6%15.4%80.7%36.0%54.4%0.3%2.1%279.6K10.7M-57.7K0.8716.54N/AN/A1,8431,59941,37212,382
2018-05-14$21.42$22.5055.0%15.8%80.7%37.6%55.8%2.6%0.9%255.0K12.0M-58.4K0.2229.47N/AN/A6,3921,40642,75612,987
2018-05-15$21.33$22.5054.3%15.6%79.3%36.9%53.2%0.2%0.4%283.1K11.2M-71.8K0.4138.17N/AN/A1,66267444,76013,893
2018-05-16$22.28$22.5056.8%16.3%81.2%39.8%58.3%2.1%-2.5%433.3K6.6M-81.8K0.1239.43N/AN/A5,08763545,75714,206
2018-05-17$22.01$22.5054.4%15.6%81.2%37.0%56.4%0.0%0.5%634.7K7.1M-85.3K1.1743.19N/AN/A1,7262,02748,21514,531
2018-05-18$22.11$22.5051.2%14.7%81.3%33.2%53.6%3.4%2.8%333.1K5.3M-84.4K0.8023.39N/AN/A2,9022,30948,68912,398
2018-05-21$21.75$22.5050.0%14.3%81.2%31.8%50.3%-1.1%-3.3%319.3K-3.3M-78.7K0.5213.67N/AN/A2,0941,08726,8067,374
2018-05-22$21.44$22.5047.0%13.5%81.0%28.2%48.6%-0.1%0.1%336.7K-2.8M-82.8K0.1415.18N/AN/A3,67650927,3578,107
2018-05-23$19.05$22.5061.3%17.6%86.5%45.2%60.8%3.2%-3.0%153.6K2.1M-76.0K0.1262.71N/AN/A11,8781,42528,2838,399
2018-05-24$19.91$22.5051.0%14.6%86.4%32.9%51.6%1.3%3.4%321.9K-3.4M-104.2K0.4727.28N/AN/A3,2401,52932,5809,557
2018-05-25$20.08$22.3052.0%14.9%86.9%34.2%52.7%0.2%-1.7%332.1K-4.0M-111.3K0.9528.69N/AN/A1,6241,54032,71310,650
2018-05-29$19.64$22.3054.7%15.7%85.6%37.3%54.2%11.6%-1.1%267.2K-1.0M-107.1K0.3926.52N/AN/A2,30290332,83111,735
2018-05-30$19.62$22.3052.5%15.0%85.6%34.7%51.4%4.4%1.9%251.0K53.7K-106.8K0.8551.71N/AN/A67457133,05512,266
2018-05-31$19.07$22.3056.4%16.2%85.0%39.3%56.8%-1.0%-2.6%207.9K2.0M-103.1K0.4722.75N/AN/A4,5322,12333,22012,406