CWH Options History — December 2018

In December 2018, CWH traded between $11.34 and $19.00. ATM implied volatility averaged 66.6%, placing in the 55.0% IV rank vs the trailing year. The 30-day expected move averaged 18.7%. IV traded above realized volatility by 14.3% (HV 20d: 52.3%). Max pain ranged from $13.00 to $20.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 1.65.

Notable Days

  • 2018-12-21: Highest Volume — 4,749 contracts
  • 2018-12-12: Largest IV drop — 12.1% change
  • 2018-12-27: Highest IV Rank — 67.1%
  • 2018-12-27: Largest Expected Move — 21.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.47$11.34$19.00$19.00$11.36
Max Pain$16.65$13.00$20.00$20.00$13.00
ATM IV66.6%58.4%75.7%58.4%74.7%
Expected Move18.7%16.8%21.7%16.8%21.4%
HV 20d52.3%45.4%66.6%46.1%66.6%
HV 60d62.5%60.2%66.6%60.7%66.6%
IV Rank55.0%44.1%67.1%44.1%65.7%
IV Percentile76.9%58.7%88.5%58.7%87.3%
Term Structure-1.5%-8.0%2.7%-3.0%-3.4%
VWIV64.5%56.6%75.1%56.6%71.8%
Skew 25d2.1%-2.8%7.4%3.7%5.4%
Skew 10d1.4%-21.4%39.2%6.3%-21.4%
Call IV 25d64.6%58.3%74.7%58.3%71.3%
Put IV 25d66.7%60.0%77.7%62.0%76.8%
Bid-Ask Spread %22.8216.3233.6318.8016.32
Gamma HHI0.240.110.460.120.12
Net GEX-163.0K-404.2K50.9K50.9K-9.2K
Net DEX17.3M6.4M26.5M6.4M8.9M
Net VEX-47.3K-80.1K-27.4K-80.1K-32.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.650.434.050.430.74
Total Volume1,874.356504,7491,0501,601
Total OI51,234.725,13462,29458,32026,936

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-12-03$19.00$20.0058.4%16.8%46.1%44.1%56.6%3.7%-3.0%50.9K6.4M-80.1K0.4318.80N/AN/A73331734,62723,693
2018-12-04$18.25$20.0060.8%17.4%48.1%47.2%60.4%3.8%-2.9%-120.5K10.7M-74.9K2.4230.46N/AN/A5041,22034,35323,787
2018-12-05$18.13$20.0065.3%18.7%48.2%53.2%62.5%3.8%-8.0%-113.1K11.1M-75.1K2.4829.20N/AN/A5041,25034,35323,787
2018-12-06$16.88$19.0065.9%17.3%50.5%54.0%59.5%4.2%-0.1%-219.5K16.8M-64.3K0.4422.25N/AN/A45219834,43623,504
2018-12-07$16.50$19.0065.6%16.8%49.4%53.7%59.4%1.6%2.2%-255.1K18.5M-59.4K2.2426.42N/AN/A4611,03334,69323,568
2018-12-10$15.45$18.0069.0%17.5%47.4%58.2%63.4%2.5%0.3%-330.3K22.5M-52.1K1.2119.92N/AN/A32739734,94724,366
2018-12-11$15.48$18.0068.3%17.4%45.7%57.3%60.5%1.4%0.5%-340.7K22.3M-51.4K1.4819.35N/AN/A38056234,96924,320
2018-12-12$15.65$18.0060.1%17.2%45.4%46.3%59.8%-0.5%-0.8%-358.9K21.9M-52.5K1.3819.49N/AN/A36650434,93324,454
2018-12-13$15.22$18.0061.0%17.5%45.4%47.5%63.5%-1.1%0.3%-404.2K23.5M-47.9K1.1418.72N/AN/A54161934,96924,475
2018-12-14$14.76$18.0061.1%17.5%46.2%47.7%59.9%0.7%-3.1%-385.3K24.3M-44.8K1.1233.63N/AN/A80490035,11224,582
2018-12-17$14.38$16.0062.3%17.9%46.6%49.3%62.6%-2.8%1.4%-349.2K24.9M-41.4K2.5520.90N/AN/A34387435,52124,637
2018-12-18$13.39$16.0064.9%18.6%51.5%52.7%64.7%-0.2%-0.4%-176.9K26.5M-35.3K0.9719.58N/AN/A1,6381,58135,71024,804
2018-12-19$12.97$15.0064.0%18.4%51.8%51.6%61.8%0.6%2.7%-94.6K26.1M-35.8K4.0526.09N/AN/A8023,24836,97425,320
2018-12-20$12.85$15.0066.9%19.2%49.5%55.4%67.4%4.0%-1.4%-81.5K25.0M-34.1K3.0622.64N/AN/A7272,22737,34924,427
2018-12-21$11.34$15.0069.4%19.9%61.6%58.8%63.9%2.6%2.7%-15.9K23.6M-27.4K1.9226.01N/AN/A1,6263,12337,59524,317
2018-12-24$11.56$14.0073.2%21.0%61.6%63.8%75.1%4.5%-3.9%-18.0K8.7M-31.2K1.0926.28N/AN/A1,4431,57013,13511,999
2018-12-26$11.88$14.0075.1%21.5%63.0%66.3%74.1%2.0%-6.2%-14.2K8.5M-33.6K1.6521.08N/AN/A48379613,45212,042
2018-12-27$11.93$14.0075.7%21.7%59.4%67.1%73.0%7.4%-2.0%-15.0K8.7M-34.2K1.5818.99N/AN/A55888313,69312,453
2018-12-28$12.38$13.0071.1%20.4%62.6%61.0%69.2%-1.9%-5.4%-9.8K8.0M-38.6K1.1120.36N/AN/A89599713,86712,535
2018-12-31$11.36$13.0074.7%21.4%66.6%65.7%71.8%5.4%-3.4%-9.2K8.9M-32.1K0.7416.32N/AN/A92168014,18912,747