CWH Options History — January 2019

In January 2019, CWH traded between $12.69 and $16.06. ATM implied volatility averaged 63.4%, placing in the 44.8% IV rank vs the trailing year. The 30-day expected move averaged 18.0%. IV traded below realized volatility by 24.9% (HV 20d: 88.3%). Max pain ranged from $11.00 to $16.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.24.

Notable Days

  • 2019-01-10: Highest Volume — 6,230 contracts
  • 2019-01-04: Largest IV drop — 8.6% change
  • 2019-01-03: Highest IV Rank — 59.5%
  • 2019-01-02: Largest Expected Move — 20.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.23$12.69$16.06$12.69$14.22
Max Pain$13.52$11.00$16.00$13.00$16.00
ATM IV63.4%59.3%71.1%70.8%61.0%
Expected Move18.0%17.0%20.3%20.3%18.2%
HV 20d88.3%74.1%100.2%81.4%74.1%
HV 60d72.8%69.2%78.5%71.0%70.0%
IV Rank44.8%35.5%59.5%59.5%37.8%
IV Percentile64.3%48.4%83.3%82.9%56.7%
Term Structure0.8%-5.3%4.2%-3.3%-5.3%
VWIV62.9%59.2%70.6%70.6%62.7%
Skew 25d2.8%0.1%5.9%0.7%5.9%
Skew 10d7.8%-4.6%29.9%3.8%10.2%
Call IV 25d62.2%57.9%73.2%73.2%60.7%
Put IV 25d64.9%59.5%73.8%73.8%66.6%
Bid-Ask Spread %29.2117.5273.2417.5217.58
Gamma HHI0.270.110.720.130.18
Net GEX-33.3K-450.0K131.2K-2.6K-2.0K
Net DEX5.2M-4.2M9.6M7.5M5.9M
Net VEX-52.9K-59.8K-40.4K-40.4K-53.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.240.165.500.480.40
Total Volume2,014.3335586,2301,9601,259
Total OI35,320.8128,17941,63628,17936,348

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$12.69$13.0070.8%20.3%81.4%59.5%70.6%0.7%-3.3%-2.6K7.5M-40.4K0.4817.52N/AN/A1,32064014,88113,298
2019-01-03$13.07$11.0071.1%19.0%82.9%59.5%65.0%4.3%0.5%1.1K7.0M-42.6K0.3224.57N/AN/A3,2101,01215,38913,428
2019-01-04$13.98$11.0065.0%18.4%88.1%51.0%59.2%2.0%0.7%60.1K4.7M-50.8K0.7318.63N/AN/A1,31495517,48713,836
2019-01-07$14.64$12.0068.8%18.6%87.6%56.4%64.6%0.1%0.0%70.3K2.8M-54.9K0.1625.30N/AN/A80812817,52514,024
2019-01-08$15.08$12.0066.6%17.6%88.3%53.1%61.3%3.9%2.9%90.9K1.7M-54.5K0.1620.94N/AN/A2,13033217,82914,072
2019-01-09$14.74$13.0061.3%17.6%85.6%45.7%61.1%0.7%1.4%131.2K1.5M-57.6K0.5427.45N/AN/A1,15862819,56814,070
2019-01-10$13.49$14.0064.2%18.4%90.9%49.1%65.3%3.3%3.7%80.4K5.5M-50.7K5.5025.81N/AN/A9585,27219,73214,327
2019-01-11$13.53$14.0063.5%18.2%90.8%48.1%64.2%2.5%-0.4%-131.3K9.6M-53.5K2.1920.08N/AN/A8941,95620,18619,135
2019-01-14$13.81$14.0064.5%18.5%90.9%48.0%65.5%4.5%1.1%-181.7K8.6M-55.3K0.8826.92N/AN/A36331920,53419,611
2019-01-15$13.84$14.0063.0%18.1%90.4%45.8%66.5%1.7%2.2%-222.8K9.1M-52.4K1.0524.48N/AN/A27228620,68519,800
2019-01-16$14.44$14.0059.4%17.0%91.4%38.5%62.3%3.4%2.8%-253.8K5.4M-55.2K3.0423.48N/AN/A3501,06520,72719,829
2019-01-17$14.23$14.0059.8%17.2%87.7%39.2%61.7%4.3%4.2%-450.0K7.2M-54.1K1.3727.04N/AN/A8371,14320,64920,539
2019-01-18$16.06$14.0059.3%17.0%96.0%35.5%59.4%3.4%-1.6%90.4K-4.2M-59.8K0.6820.47N/AN/A3,5072,39620,64920,987
2019-01-22$14.95$14.0060.4%17.3%100.2%36.8%61.4%3.1%1.6%27.4K3.2M-55.4K2.2026.90N/AN/A34976817,75915,346
2019-01-23$14.45$14.0063.1%18.1%88.7%41.1%64.6%2.0%-0.9%2155.3M-53.6K1.7717.56N/AN/A39369417,86515,970
2019-01-24$14.60$14.0060.9%17.5%88.7%37.7%61.2%3.6%0.3%6.7K4.6M-55.5K1.9519.80N/AN/A36370918,07916,165
2019-01-25$14.59$14.0060.2%17.2%88.6%36.5%59.3%1.2%1.4%4.3K4.9M-54.6K1.4145.21N/AN/A55778718,19416,374
2019-01-28$14.47$14.0064.0%18.4%88.8%42.6%64.2%4.6%2.8%-1.1K5.3M-53.8K0.3942.20N/AN/A61724218,31316,651
2019-01-29$13.93$14.0062.3%17.9%89.7%39.8%62.1%2.1%0.3%-11.8K7.0M-51.6K0.3368.31N/AN/A77825418,87916,878
2019-01-30$14.11$14.0061.7%17.7%82.9%38.9%59.3%1.0%3.3%-6.0K6.4M-52.2K0.5373.24N/AN/A83744119,13016,989
2019-01-31$14.22$16.0061.0%18.2%74.1%37.8%62.7%5.9%-5.3%-2.0K5.9M-53.3K0.4017.58N/AN/A90035919,35316,995