CWH Options History — March 2019

In March 2019, CWH traded between $12.59 and $14.20. ATM implied volatility averaged 61.1%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 17.9%. IV traded above realized volatility by 4.6% (HV 20d: 56.5%). Max pain ranged from $13.00 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.86.

Notable Days

  • 2019-03-01: Highest Volume — 6,191 contracts
  • 2019-03-08: Largest IV drop — 30.7% change
  • 2019-03-07: Highest IV Rank — 89.9%
  • 2019-03-07: Largest Expected Move — 27.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.36$12.59$14.20$13.06$13.87
Max Pain$14.30$13.00$15.00$15.00$14.00
ATM IV61.1%50.5%94.1%70.9%51.7%
Expected Move17.9%14.7%27.0%20.3%16.2%
HV 20d56.5%50.5%63.2%50.9%51.3%
HV 60d68.1%59.1%71.4%70.9%59.1%
IV Rank30.3%6.5%89.9%52.9%8.7%
IV Percentile35.8%1.6%98.8%81.0%3.6%
Term Structure1.0%-8.1%6.1%-8.1%5.0%
VWIV62.3%52.0%95.3%68.9%56.9%
Skew 25d2.9%-0.4%6.3%0.4%3.6%
Skew 10d10.7%-11.7%29.0%-0.2%7.4%
Call IV 25d54.9%47.1%67.9%67.9%50.2%
Put IV 25d57.8%51.1%68.6%68.2%53.8%
Bid-Ask Spread %26.9011.1263.1911.1218.49
Gamma HHI0.210.160.390.190.25
Net GEX68.9K21.7K206.3K56.5K82.8K
Net DEX2.9M-4.3M10.2M7.8M-3.4M
Net VEX-54.0K-58.6K-49.7K-49.7K-57.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.202.230.821.23
Total Volume2,080.8575576,1916,191751
Total OI36,436.52421,16350,56745,09524,873

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$13.06$15.0070.9%20.3%50.9%52.9%68.9%0.4%-8.1%56.5K7.8M-49.7K0.8211.12N/AN/A3,3992,79225,66319,432
2019-03-04$12.59$15.0078.7%22.6%52.2%65.3%77.6%2.4%-5.0%31.0K9.7M-50.2K0.8161.44N/AN/A1,13291426,06719,990
2019-03-05$13.06$15.0079.6%22.8%53.6%66.7%80.1%2.4%-2.9%55.3K7.9M-55.0K2.2359.46N/AN/A5151,14626,66820,604
2019-03-06$12.72$15.0084.8%24.3%54.0%75.1%84.4%2.0%-3.9%45.1K9.0M-53.5K1.3563.19N/AN/A8211,10926,73520,605
2019-03-07$12.93$15.0094.1%27.0%54.6%89.9%95.3%3.7%-3.0%57.9K7.8M-54.9K1.3259.75N/AN/A1,1021,45226,89820,646
2019-03-08$12.70$15.0065.3%18.7%54.4%43.8%66.5%0.1%3.1%50.4K9.9M-51.1K0.6460.09N/AN/A3,0161,91627,51921,147
2019-03-11$13.38$15.0065.1%16.3%57.9%43.5%56.0%6.3%4.2%138.0K6.2M-53.3K1.0612.94N/AN/A74078328,64621,244
2019-03-12$13.57$15.0053.9%16.3%58.2%25.5%55.8%2.0%3.3%206.3K5.0M-53.9K0.5513.22N/AN/A57331629,03321,414
2019-03-13$13.30$15.0051.7%16.0%57.5%21.9%55.5%2.6%4.0%129.6K6.7M-51.8K0.2015.06N/AN/A2,97860129,10521,462
2019-03-14$12.81$15.0051.6%16.2%53.2%21.7%56.4%-0.4%6.1%21.7K10.2M-50.2K0.4714.38N/AN/A1,98792928,25621,594
2019-03-15$13.48$15.0052.6%15.4%56.5%10.5%53.8%5.4%0.3%48.2K6.1M-51.3K1.2016.03N/AN/A1,9342,32028,36522,007
2019-03-18$13.51$0.0050.5%14.7%56.4%6.5%52.0%2.6%1.0%48.2K-1.5M-53.0K0.3815.95N/AN/A40515210,80710,356
2019-03-19$13.08$15.0052.8%15.5%56.4%10.9%54.0%3.5%1.2%43.3K-335.6K-52.2K0.3818.67N/AN/A77529811,08610,441
2019-03-20$13.34$13.0052.7%15.8%57.3%10.7%54.8%3.6%3.0%48.3K-1.1M-53.0K0.6619.34N/AN/A54936211,10110,617
2019-03-21$14.01$13.0051.0%15.5%60.3%7.4%54.3%3.9%2.6%60.4K-3.2M-55.8K0.2418.43N/AN/A1,60238011,40410,811
2019-03-22$13.38$13.0055.1%16.5%62.2%15.2%57.3%3.8%2.3%53.5K-1.5M-56.1K1.2418.17N/AN/A70387211,92211,030
2019-03-25$13.74$13.0056.5%16.3%62.8%17.7%56.9%3.4%0.0%55.2K-2.4M-57.0K0.6915.36N/AN/A43630012,31611,526
2019-03-26$13.66$13.0055.1%16.5%62.3%15.2%57.6%2.7%2.8%62.0K-2.5M-58.0K1.6917.37N/AN/A29449812,72111,709
2019-03-27$14.20$13.0055.1%16.2%63.2%15.1%55.7%4.1%2.2%75.4K-4.3M-58.6K0.2917.78N/AN/A1,40441012,89811,713
2019-03-28$14.18$14.0053.7%16.2%50.5%12.4%57.4%3.7%2.9%77.7K-4.3M-58.2K0.6418.70N/AN/A63140113,09911,637
2019-03-29$13.87$14.0051.7%16.2%51.3%8.7%56.9%3.6%5.0%82.8K-3.4M-57.3K1.2318.49N/AN/A33741413,22411,649