CWH Options History — September 2019

In September 2019, CWH traded between $7.43 and $9.53. ATM implied volatility averaged 67.2%, placing in the 26.9% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded below realized volatility by 4.5% (HV 20d: 71.6%). Max pain ranged from $9.00 to $12.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 2.05.

Notable Days

  • 2019-09-09: Highest Volume — 1,986 contracts
  • 2019-09-24: Largest IV spike — 20.1% change
  • 2019-09-03: Highest IV Rank — 41.1%
  • 2019-09-03: Largest Expected Move — 22.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.68$7.43$9.53$7.43$8.94
Max Pain$9.30$9.00$12.00$12.00$9.00
ATM IV67.2%59.9%78.5%78.5%67.6%
Expected Move19.1%17.2%22.5%22.5%19.4%
HV 20d71.6%59.1%96.7%92.0%59.6%
HV 60d68.2%63.2%69.8%63.2%69.5%
IV Rank26.9%17.7%41.1%41.1%27.4%
IV Percentile63.9%33.3%89.7%89.7%66.7%
Term Structure3.2%-10.6%8.9%-10.6%8.4%
VWIV63.8%57.5%70.8%57.5%65.0%
Skew 25d8.5%4.0%18.1%9.2%9.8%
Skew 10d21.9%2.9%54.3%17.7%11.9%
Call IV 25d61.3%55.2%71.7%71.7%60.0%
Put IV 25d69.8%61.1%80.9%80.9%69.7%
Bid-Ask Spread %16.427.2724.2812.9416.27
Gamma HHI0.240.160.320.270.19
Net GEX-4.2K-42.4K55.1K-33.0K10.1K
Net DEX5.1M533.7K9.0M9.0M739.0K
Net VEX-35.2K-40.6K-28.5K-28.5K-37.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.050.1010.0510.050.11
Total Volume743.85431,986696740
Total OI29,869.2517,77535,33633,23020,182

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$7.43$12.0078.5%22.5%92.0%41.1%57.5%9.2%-10.6%-33.0K9.0M-28.5K10.0512.94N/AN/A6363314,65718,573
2019-09-04$7.79$12.0072.0%20.6%94.9%32.9%65.1%18.1%-1.9%-38.2K9.0M-29.9K0.937.27N/AN/A50146814,66818,649
2019-09-05$8.10$9.0069.0%19.3%96.7%29.1%66.5%8.8%2.8%-42.4K8.6M-32.2K0.4817.89N/AN/A33416214,81318,718
2019-09-06$7.84$9.0066.4%19.0%71.5%25.9%63.6%9.6%3.3%-36.3K8.7M-31.0K1.5418.34N/AN/A7411414,91518,705
2019-09-09$8.57$9.0068.2%18.3%78.5%28.2%62.1%13.6%3.1%-39.8K7.9M-34.1K0.1016.71N/AN/A1,80118514,95318,694
2019-09-10$9.16$9.0069.0%18.9%79.4%29.3%64.8%11.1%2.5%-13.6K6.0M-39.0K0.4615.69N/AN/A39018016,57018,719
2019-09-11$9.53$9.0061.8%17.7%80.3%20.1%66.0%6.1%3.9%-40.4K4.7M-40.5K0.7417.32N/AN/A48135616,55718,714
2019-09-12$9.49$9.0063.2%18.1%79.2%21.9%62.7%10.6%6.7%-9.2K4.8M-39.7K3.0516.93N/AN/A14845216,63818,698
2019-09-13$9.44$9.0065.3%18.7%71.6%24.6%61.1%10.9%1.7%-34.2K4.9M-40.6K0.8512.00N/AN/A36531216,27718,788
2019-09-16$9.23$9.0063.2%18.1%63.6%21.9%63.5%5.9%6.1%10.1K5.5M-38.5K1.9412.23N/AN/A5291,02816,16718,540
2019-09-17$9.01$9.0068.2%19.5%63.9%28.1%67.6%4.9%0.8%38.1K5.8M-37.7K0.7112.21N/AN/A25418016,38818,154
2019-09-18$8.90$9.0067.1%19.2%63.7%26.8%66.2%4.3%0.9%39.8K6.2M-35.6K0.7719.72N/AN/A22717416,40518,214
2019-09-19$8.72$9.0060.7%17.4%64.3%18.8%61.2%5.3%6.7%55.1K7.0M-34.9K5.3218.32N/AN/A7238316,59917,940
2019-09-20$8.78$9.0063.1%18.1%63.8%21.8%59.5%4.3%4.9%15.0K7.1M-33.9K5.8116.57N/AN/A2461,43016,60117,453
2019-09-23$8.93$9.0059.9%17.2%61.8%17.7%61.1%5.5%8.9%16.2K533.7K-34.3K0.1716.23N/AN/A5369010,3297,446
2019-09-24$8.43$9.0071.9%20.6%65.8%32.8%70.8%12.6%0.2%13.1K1.1M-32.9K6.2818.39N/AN/A1691,06210,8077,967
2019-09-25$8.44$9.0071.5%20.5%61.4%32.3%64.8%6.2%3.4%2.1K1.5M-34.3K0.6918.89N/AN/A23916410,8488,967
2019-09-26$8.39$9.0067.0%19.2%61.6%26.7%64.0%4.0%7.0%3261.5M-34.2K0.3420.19N/AN/A321110,9299,096
2019-09-27$8.48$9.0069.7%20.0%59.1%30.1%63.7%8.3%5.1%2.3K1.3M-34.7K0.6324.28N/AN/A17911310,9519,096
2019-09-30$8.94$9.0067.6%19.4%59.6%27.4%65.0%9.8%8.4%10.1K739.0K-37.1K0.1116.27N/AN/A6697111,0259,157