CWH Options History — May 2019

In May 2019, CWH traded between $10.47 and $14.86. ATM implied volatility averaged 65.0%, placing in the 34.7% IV rank vs the trailing year. The 30-day expected move averaged 17.0%. IV traded below realized volatility by 3.1% (HV 20d: 68.1%). Max pain ranged from $13.00 to $14.00. Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 3.76.

Notable Days

  • 2019-05-02: Highest Volume — 16,793 contracts
  • 2019-05-15: Largest IV drop — 30.8% change
  • 2019-05-08: Highest IV Rank — 87.8%
  • 2019-05-02: Largest Expected Move — 22.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.30$10.47$14.86$14.62$10.47
Max Pain$13.59$13.00$14.00$14.00$13.00
ATM IV65.0%52.3%93.8%64.6%59.5%
Expected Move17.0%15.0%22.6%18.5%17.1%
HV 20d68.1%48.6%80.6%51.4%68.3%
HV 60d57.7%50.7%61.9%50.8%57.5%
IV Rank34.7%11.4%87.8%34.0%24.7%
IV Percentile50.2%8.3%98.4%65.9%39.3%
Term Structure-3.8%-19.8%3.7%-9.9%-3.3%
VWIV59.2%52.2%89.3%66.0%56.0%
Skew 25d8.8%4.6%17.0%4.8%11.3%
Skew 10d14.1%-13.3%37.9%-1.3%9.8%
Call IV 25d54.8%49.2%71.6%62.9%53.2%
Put IV 25d63.5%55.0%85.6%67.6%64.5%
Bid-Ask Spread %16.358.2070.6120.4310.98
Gamma HHI0.330.140.960.190.21
Net GEX-511.4K-6.1M78.7K78.7K-67.4K
Net DEX7.2M-3.1M20.8M-3.1M6.3M
Net VEX-54.0K-68.1K-44.4K-57.2K-44.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.760.2831.672.911.55
Total Volume3,317.81831916,7939922,329
Total OI34,510.22724,66545,54425,23227,636

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$14.62$14.0064.6%18.5%51.4%34.0%66.0%4.8%-9.9%78.7K-3.1M-57.2K2.9120.43N/AN/A25473812,82512,407
2019-05-02$14.39$14.0078.7%22.6%51.9%60.0%89.3%17.0%-19.8%60.0K-1.9M-56.5K31.6770.61N/AN/A51416,27912,89212,459
2019-05-03$14.59$14.0075.4%21.6%48.6%53.9%76.0%11.4%-19.1%-201.3K429.2K-68.0K1.2135.61N/AN/A68883313,07027,327
2019-05-06$14.86$14.0085.6%17.3%49.0%72.7%61.2%11.7%-6.2%-163.4K-639.9K-67.0K8.7115.22N/AN/A3733,24913,31627,404
2019-05-07$14.36$14.0092.5%18.2%49.9%85.5%64.5%11.5%-8.3%-311.9K2.5M-67.7K3.7316.14N/AN/A2891,07913,47429,987
2019-05-08$14.06$14.0093.8%18.5%49.7%87.8%64.4%13.2%-11.5%-345.2K3.7M-68.1K4.0616.57N/AN/A3871,57313,66530,598
2019-05-09$11.97$14.0067.0%16.6%74.7%38.5%56.5%12.6%-3.0%-853.7K18.8M-56.5K2.7016.24N/AN/A4,37911,81513,80331,623
2019-05-10$11.55$14.0056.1%15.2%74.4%18.4%53.3%10.4%2.8%-588.2K18.7M-50.4K2.1212.43N/AN/A1,7623,72714,70127,370
2019-05-13$11.31$14.0072.5%17.4%74.4%48.6%56.9%5.9%-2.5%-496.5K20.2M-45.7K3.3314.08N/AN/A23678514,70127,370
2019-05-14$12.18$14.0078.4%16.4%80.6%59.4%55.4%9.9%1.6%-674.0K13.3M-56.7K3.7311.15N/AN/A1,4795,51615,95726,780
2019-05-15$12.27$14.0054.3%15.6%80.3%15.0%54.4%5.1%2.7%-1.1M13.5M-58.0K3.7711.10N/AN/A24190816,23129,056
2019-05-16$12.31$14.0052.3%15.0%80.3%11.4%52.3%5.8%2.6%-39.8K9.6M-54.1K2.3012.98N/AN/A5621,29216,35528,453
2019-05-17$11.95$14.0053.0%15.2%80.3%12.7%54.1%4.9%3.7%-6.1M20.8M-53.1K3.9913.26N/AN/A1,0494,18816,36429,180
2019-05-20$11.86$13.0055.4%15.9%77.3%17.1%55.5%4.6%-1.9%-40.4K3.1M-52.8K0.288.20N/AN/A2506912,04512,620
2019-05-21$11.89$13.0053.6%15.4%77.3%13.8%52.2%5.3%1.0%-43.8K3.2M-52.7K0.4210.07N/AN/A28511912,09812,679
2019-05-22$11.39$13.0056.9%16.3%77.9%19.8%56.0%9.9%-4.2%-52.4K4.2M-49.8K1.259.10N/AN/A28034912,16912,707
2019-05-23$11.15$13.0058.2%16.7%78.0%22.2%52.3%8.8%-2.6%-59.2K4.8M-47.5K0.3211.76N/AN/A78925612,19912,823
2019-05-24$11.01$13.0054.3%15.6%69.0%15.0%53.9%4.7%1.1%-56.7K5.0M-47.1K0.4212.95N/AN/A76332212,65312,889
2019-05-28$11.07$13.0056.4%16.2%67.9%18.9%61.4%6.8%-1.5%-53.4K5.0M-46.5K1.6311.45N/AN/A35057113,02212,949
2019-05-29$10.72$13.0056.4%16.2%68.1%19.0%56.4%11.6%-3.5%-62.8K5.8M-44.4K0.868.34N/AN/A41535613,19513,379
2019-05-30$10.69$13.0054.5%15.6%68.3%15.4%54.0%5.9%-0.9%-65.2K5.7M-44.6K1.7711.09N/AN/A46782713,28513,509
2019-05-31$10.47$13.0059.5%17.1%68.3%24.7%56.0%11.3%-3.3%-67.4K6.3M-44.4K1.5510.98N/AN/A9121,41713,57514,061