CWH Options History — December 2019

In December 2019, CWH traded between $12.10 and $14.85. ATM implied volatility averaged 55.3%, placing in the 10.0% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded above realized volatility by 11.0% (HV 20d: 44.3%). Max pain ranged from $11.00 to $13.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.45.

Notable Days

  • 2019-12-18: Highest Volume — 16,065 contracts
  • 2019-12-06: Largest IV drop — 12.4% change
  • 2019-12-02: Highest IV Rank — 16.8%
  • 2019-12-02: Largest Expected Move — 17.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.82$12.10$14.85$12.10$14.73
Max Pain$12.71$11.00$13.00$11.00$13.00
ATM IV55.3%51.4%61.8%61.8%55.0%
Expected Move15.8%14.7%17.7%17.7%15.8%
HV 20d44.3%38.5%46.8%42.0%46.8%
HV 60d50.2%49.1%52.2%52.2%49.7%
IV Rank10.0%5.9%16.8%16.8%9.6%
IV Percentile21.5%7.9%40.5%40.5%23.4%
Term Structure3.6%-3.9%9.0%-3.9%-1.5%
VWIV55.1%51.5%62.4%62.4%54.9%
Skew 25d6.1%2.8%20.1%8.2%3.6%
Skew 10d21.6%3.6%41.9%20.7%13.9%
Call IV 25d52.2%43.6%57.8%57.8%53.9%
Put IV 25d58.3%53.7%66.0%66.0%57.5%
Bid-Ask Spread %14.249.8418.3518.3512.93
Gamma HHI0.410.270.920.460.37
Net GEX290.8K-129.4K2.0M-129.4K195.7K
Net DEX-12.0M-18.8M-4.4M-4.4M-12.1M
Net VEX-54.3K-58.1K-50.3K-58.1K-55.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.001.830.140.20
Total Volume1,832.0959216,06592193
Total OI36,473.33322,65248,15238,73223,712

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-12-02$12.10$11.0061.8%17.7%42.0%16.8%62.4%8.2%-3.9%-129.4K-4.4M-58.1K0.1418.35N/AN/A811116,40122,331
2019-12-03$12.41$11.0061.7%17.7%42.3%16.8%62.1%20.1%-2.7%-99.8K-5.7M-57.7K0.6515.91N/AN/A24015716,43622,336
2019-12-04$13.28$11.0059.8%17.1%46.0%14.7%59.1%4.5%-2.6%60.1K-11.4M-56.1K0.0911.62N/AN/A2,30621118,28322,383
2019-12-05$13.30$13.0059.2%16.3%43.8%14.1%54.5%6.8%5.6%76.3K-11.2M-55.3K0.0811.06N/AN/A5484218,47822,460
2019-12-06$13.61$13.0051.9%15.4%43.7%6.3%54.3%7.5%7.7%161.2K-13.2M-53.1K0.1618.00N/AN/A1,93231318,49122,496
2019-12-09$12.97$13.0056.0%15.9%43.0%10.7%55.9%5.7%7.8%97.6K-11.0M-54.1K1.1914.10N/AN/A55165519,55722,510
2019-12-10$13.22$13.0057.0%16.1%42.1%11.8%54.6%6.4%6.7%239.0K-12.3M-53.2K1.2312.49N/AN/A15519119,52922,876
2019-12-11$13.77$13.0054.8%15.7%43.2%9.4%55.1%9.4%7.4%313.3K-15.0M-52.1K0.0213.04N/AN/A8261919,61322,840
2019-12-12$13.80$13.0054.1%15.5%38.5%8.7%53.5%7.4%7.3%320.9K-15.8M-52.7K0.0012.59N/AN/A3,165720,27522,829
2019-12-13$13.13$13.0057.2%16.4%43.5%12.0%56.6%4.7%5.0%247.3K-9.9M-53.6K0.1613.34N/AN/A5559018,09422,829
2019-12-16$13.77$13.0052.4%15.0%46.1%6.9%54.6%5.8%9.0%295.9K-11.6M-51.0K1.0916.76N/AN/A17118716,56522,625
2019-12-17$13.99$13.0051.5%14.8%45.7%6.0%51.5%7.2%7.7%277.1K-12.5M-50.3K0.3112.50N/AN/A1294016,51422,792
2019-12-18$14.34$13.0055.7%16.0%45.9%10.4%54.8%3.8%7.2%231.0K-13.9M-50.3K0.0213.12N/AN/A15,68238316,55922,806
2019-12-19$14.49$13.0054.5%15.6%45.8%9.2%55.2%2.9%6.8%906.0K-17.4M-54.3K0.2015.88N/AN/A4,31784724,84623,066
2019-12-20$14.85$13.0051.4%14.7%44.5%5.9%51.7%3.4%7.8%2.0M-18.8M-54.1K0.2315.04N/AN/A1,25329124,25023,902
2019-12-23$14.76$13.0052.0%14.9%44.7%6.5%53.6%3.7%-0.0%186.8K-11.6M-52.6K0.1414.10N/AN/A1,86325914,6817,971
2019-12-24$14.55$13.0052.4%15.0%45.4%6.9%54.2%4.1%1.1%186.6K-11.7M-57.8K0.7317.23N/AN/A946915,5578,130
2019-12-26$14.29$13.0054.3%15.6%45.4%8.9%52.5%6.5%-0.7%186.6K-10.9M-56.7K0.2015.13N/AN/A2024115,5378,094
2019-12-27$14.53$13.0052.5%15.1%45.5%7.0%52.6%3.4%1.7%192.1K-11.6M-56.6K1.8316.09N/AN/A7513715,4608,114
2019-12-30$14.29$13.0056.0%16.0%46.3%10.7%53.9%2.8%-1.9%191.2K-10.9M-55.6K0.669.84N/AN/A1127415,4958,217
2019-12-31$14.73$13.0055.0%15.8%46.8%9.6%54.9%3.6%-1.5%195.7K-12.1M-55.7K0.2012.93N/AN/A1613215,4668,246