CWH Options History — February 2020

In February 2020, CWH traded between $13.67 and $16.48. ATM implied volatility averaged 70.0%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 20.7%. IV traded above realized volatility by 30.6% (HV 20d: 39.4%). Max pain ranged from $11.00 to $15.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.54.

Notable Days

  • 2020-02-28: Highest Volume — 1,112 contracts
  • 2020-02-12: Largest IV spike — 18.1% change
  • 2020-02-27: Highest IV Rank — 50.5%
  • 2020-02-27: Largest Expected Move — 26.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.49$13.67$16.48$15.74$13.67
Max Pain$11.89$11.00$15.00$15.00$12.00
ATM IV70.0%55.1%93.8%55.5%90.6%
Expected Move20.7%15.9%26.9%15.9%26.0%
HV 20d39.4%27.5%58.3%58.3%38.1%
HV 60d46.8%45.2%49.2%49.2%49.2%
IV Rank25.5%9.8%50.5%10.2%47.2%
IV Percentile66.2%29.0%95.2%31.0%93.7%
Term Structure-6.2%-17.6%12.4%12.4%-13.1%
VWIV72.3%55.7%93.4%55.7%91.1%
Skew 25d6.5%2.8%12.8%2.8%9.1%
Skew 10d11.7%-11.5%30.2%4.1%-3.0%
Call IV 25d68.8%54.3%88.5%55.6%88.5%
Put IV 25d75.3%58.1%99.4%58.4%97.6%
Bid-Ask Spread %18.7312.2357.9313.0057.93
Gamma HHI0.160.130.210.130.16
Net GEX120.4K73.5K218.3K107.2K73.6K
Net DEX-10.2M-13.6M-6.2M-10.4M-6.2M
Net VEX-47.6K-49.6K-45.4K-49.6K-45.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.091.430.140.38
Total Volume357.474611,112891,112
Total OI17,334.63216,14118,65816,89416,882

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$15.74$15.0055.5%15.9%58.3%10.2%55.7%2.8%12.4%107.2K-10.4M-49.6K0.1413.00N/AN/A781111,6755,219
2020-02-04$15.90$15.0058.1%16.7%54.8%13.0%58.5%6.0%7.7%108.9K-10.7M-49.6K0.2715.61N/AN/A481311,6825,227
2020-02-05$16.05$15.0056.9%16.3%53.6%11.6%56.6%2.8%10.6%111.2K-11.0M-49.6K0.3416.24N/AN/A1224211,7065,239
2020-02-06$15.82$11.0055.1%18.8%53.9%9.8%68.4%5.8%-3.4%114.2K-10.6M-49.3K0.6315.60N/AN/A28017511,7825,269
2020-02-07$15.44$11.0059.0%19.5%52.1%13.8%69.0%6.2%-5.8%105.0K-9.7M-48.8K1.3818.05N/AN/A9012411,7705,419
2020-02-10$15.39$11.0056.2%19.7%51.6%11.0%68.2%6.0%-6.4%108.2K-9.6M-47.9K0.3615.17N/AN/A903211,7505,359
2020-02-11$15.10$11.0060.1%20.0%44.4%15.0%71.2%4.8%-6.4%105.3K-9.0M-47.8K0.3014.54N/AN/A57317411,8065,388
2020-02-12$15.44$11.0071.0%20.3%33.8%26.5%72.8%6.0%-7.9%131.5K-10.0M-48.1K0.0918.67N/AN/A4734112,1005,452
2020-02-13$15.88$11.0067.7%19.4%30.2%23.0%68.8%4.8%-6.3%168.2K-11.4M-48.6K0.2016.75N/AN/A1442912,4965,475
2020-02-14$16.03$11.0067.2%19.3%30.0%22.5%66.6%6.0%-6.5%175.8K-11.9M-47.6K0.3314.29N/AN/A672212,5675,498
2020-02-18$15.95$11.0072.2%20.7%30.0%27.8%71.4%6.4%-10.2%187.8K-11.7M-46.4K0.1212.23N/AN/A4745612,5805,478
2020-02-19$16.18$11.0070.8%20.3%30.5%26.3%70.3%6.2%-9.6%218.3K-12.6M-46.5K1.1215.62N/AN/A819112,9135,526
2020-02-20$16.48$11.0070.2%20.1%27.5%25.6%70.0%8.6%-7.6%180.1K-13.6M-46.2K0.3217.52N/AN/A2167012,9255,568
2020-02-21$16.30$11.0074.4%21.3%27.7%30.1%72.1%7.4%-11.2%79.5K-13.4M-46.5K0.2918.28N/AN/A34910113,0595,599
2020-02-24$15.82$12.0080.5%23.1%27.9%36.5%79.7%8.6%-13.3%81.0K-10.1M-46.8K0.7017.50N/AN/A18312911,0575,084
2020-02-25$14.99$12.0086.7%24.8%32.0%43.0%85.2%7.5%-13.1%79.8K-8.6M-46.7K1.0718.93N/AN/A37540111,1615,187
2020-02-26$14.47$12.0084.5%24.2%34.0%40.8%84.2%5.5%-9.8%77.9K-7.7M-47.0K1.4318.13N/AN/A466611,2315,486
2020-02-27$13.68$12.0093.8%26.9%38.3%50.5%93.4%12.8%-17.6%73.5K-6.2M-45.5K0.7921.85N/AN/A23118311,2525,491
2020-02-28$13.67$12.0090.6%26.0%38.1%47.2%91.1%9.1%-13.1%73.6K-6.2M-45.4K0.3857.93N/AN/A80730511,3005,582