CWH Options History — April 2020

In April 2020, CWH traded between $4.54 and $9.70. ATM implied volatility averaged 139.8%, placing in the 48.9% IV rank vs the trailing year. The 30-day expected move averaged 39.3%. IV traded below realized volatility by 50.4% (HV 20d: 190.2%). Max pain ranged from $3.00 to $7.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.47.

Notable Days

  • 2020-04-09: Highest Volume — 2,755 contracts
  • 2020-04-20: Largest IV spike — 11.8% change
  • 2020-04-01: Highest IV Rank — 75.0%
  • 2020-04-01: Largest Expected Move — 54.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.16$4.54$9.70$4.72$8.99
Max Pain$5.81$3.00$7.00$6.00$7.00
ATM IV139.8%108.4%190.0%190.0%113.6%
Expected Move39.3%31.1%54.5%54.5%32.6%
HV 20d190.2%110.6%250.7%241.4%110.6%
HV 60d155.4%147.2%161.4%147.2%161.4%
IV Rank48.9%32.6%75.0%75.0%35.3%
IV Percentile90.3%82.9%98.0%98.0%83.3%
Term Structure-9.5%-45.0%1.1%-45.0%-8.8%
VWIV136.7%113.0%158.7%140.0%113.5%
Skew 25d25.3%13.2%35.0%13.2%23.4%
Skew 10d81.9%32.9%120.4%101.7%52.1%
Call IV 25d126.0%95.9%183.0%183.0%106.3%
Put IV 25d151.3%122.9%196.2%196.2%129.7%
Bid-Ask Spread %40.6518.4275.9232.4029.49
Gamma HHI0.160.120.240.130.17
Net GEX21.4K5.2K47.3K5.2K9.7K
Net DEX-2.7M-6.7M1.6M1.6M-5.2M
Net VEX-49.8K-63.6K-27.2K-27.2K-60.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.072.990.410.44
Total Volume1,2633032,7552,226420
Total OI34,812.04830,42339,17730,42334,664

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$4.72$6.00190.0%54.5%241.4%75.0%140.0%13.2%-45.0%5.2K1.6M-27.2K0.4132.40N/AN/A1,58064617,47712,946
2020-04-02$4.95$3.00168.6%45.8%240.6%63.9%158.7%24.0%-17.3%7.8K1.3M-30.7K0.4067.30N/AN/A33713618,91113,478
2020-04-03$4.54$3.00172.8%46.0%241.2%66.1%156.8%35.0%-17.4%7.3K1.1M-28.8K0.3075.92N/AN/A84325219,70213,501
2020-04-06$5.29$4.00162.8%39.1%248.1%60.9%139.2%21.6%-1.3%13.2K770.4K-33.6K0.3575.76N/AN/A54118920,25213,458
2020-04-07$5.82$4.00159.0%41.8%250.7%58.9%148.7%28.9%-8.8%18.0K-332.8K-39.7K0.1968.17N/AN/A1,72932420,56213,538
2020-04-08$6.52$4.00148.2%42.5%245.7%53.3%147.3%24.9%-12.9%31.7K-1.8M-46.1K0.2156.02N/AN/A1,27726621,86013,814
2020-04-09$7.18$5.00135.9%39.0%236.4%46.9%150.0%26.1%-0.7%47.0K-3.4M-52.9K0.3725.86N/AN/A2,01374222,92013,897
2020-04-13$6.90$6.00144.1%41.3%235.0%51.1%152.4%25.6%-1.9%37.2K-2.7M-49.9K0.5530.51N/AN/A64935822,75114,250
2020-04-14$7.10$6.00128.8%36.9%231.7%43.2%133.5%24.4%-2.5%47.3K-3.1M-51.4K2.9925.44N/AN/A12838323,13514,471
2020-04-15$6.91$6.00139.4%40.0%231.6%48.7%142.2%23.2%-11.5%44.9K-2.7M-50.6K0.3251.42N/AN/A68021723,72114,717
2020-04-16$6.82$6.00135.6%38.9%167.5%46.7%146.8%24.6%-6.0%46.7K-2.3M-49.8K0.8044.27N/AN/A16813524,35314,780
2020-04-17$7.57$6.00120.8%34.6%169.6%39.0%123.6%27.0%1.1%11.6K-4.2M-55.1K0.1130.08N/AN/A1,47216224,34714,830
2020-04-20$8.05$7.00135.0%38.7%166.8%46.4%145.7%29.4%-5.9%13.5K-4.1M-59.1K0.2631.42N/AN/A1,18831219,93512,446
2020-04-21$8.01$7.00146.0%41.9%167.1%52.1%143.1%23.3%-21.8%18.6K-4.4M-59.5K0.3628.64N/AN/A97935220,92012,717
2020-04-22$7.59$7.00135.0%38.7%140.3%46.4%120.6%24.4%-10.0%18.8K-3.4M-56.6K0.2218.42N/AN/A1,27428321,08112,888
2020-04-23$7.64$7.00132.9%38.1%137.2%45.3%126.2%29.3%-8.3%17.4K-3.1M-54.6K0.0735.99N/AN/A1,79011920,94913,092
2020-04-24$7.86$7.00127.0%36.4%136.2%42.2%134.9%29.2%-6.0%13.8K-3.0M-54.3K0.3937.23N/AN/A32712720,05413,142
2020-04-27$8.99$7.00116.4%33.4%140.9%36.7%120.1%20.6%-6.3%16.0K-5.4M-60.6K0.5624.65N/AN/A1,53886220,08513,233
2020-04-28$9.31$7.00116.1%33.3%128.9%36.6%115.1%33.0%-2.6%10.9K-6.0M-61.9K0.3538.49N/AN/A53618720,20013,860
2020-04-29$9.70$7.00108.4%31.1%127.2%32.6%113.0%20.5%-6.1%12.7K-6.7M-63.6K0.2326.19N/AN/A81518720,20513,911
2020-04-30$8.99$7.00113.6%32.6%110.6%35.3%113.5%23.4%-8.8%9.7K-5.2M-60.9K0.4429.49N/AN/A29112920,65614,008