CWH Options History — July 2020

In July 2020, CWH traded between $25.63 and $38.16. ATM implied volatility averaged 100.0%, placing in the 26.4% IV rank vs the trailing year. The 30-day expected move averaged 28.7%. IV traded above realized volatility by 21.0% (HV 20d: 79.0%). Max pain ranged from $24.00 to $28.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.51.

Notable Days

  • 2020-07-10: Highest Volume — 23,917 contracts
  • 2020-07-13: Largest IV spike — 21.2% change
  • 2020-07-14: Highest IV Rank — 37.9%
  • 2020-07-31: Largest Expected Move — 34.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.78$25.63$38.16$28.15$36.53
Max Pain$26.86$24.00$28.00$24.00$28.00
ATM IV100.0%80.8%122.1%86.3%118.8%
Expected Move28.7%23.2%34.1%24.7%34.1%
HV 20d79.0%73.3%87.4%87.0%84.3%
HV 60d101.5%96.5%104.1%103.8%96.5%
IV Rank26.4%18.1%37.9%21.1%36.1%
IV Percentile70.7%56.3%83.3%60.7%81.7%
Term Structure-4.9%-19.3%14.4%10.2%-19.3%
VWIV101.0%84.8%120.0%88.6%120.0%
Skew 25d8.7%-1.5%15.7%14.3%-1.5%
Skew 10d20.9%5.7%36.0%29.6%5.7%
Call IV 25d97.7%76.5%123.4%80.5%123.4%
Put IV 25d106.4%88.2%121.9%94.8%121.9%
Bid-Ask Spread %17.729.1826.7922.6225.08
Gamma HHI0.100.070.250.130.08
Net GEX293.0K-124.4K735.9K-30.2K735.9K
Net DEX-88.8M-121.4M-36.7M-54.6M-115.8M
Net VEX-254.7K-281.9K-228.3K-281.9K-280.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.091.680.620.09
Total Volume6,226.4551,84123,9172,6494,912
Total OI83,438.59174,41491,59882,57788,502

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$28.15$24.0086.3%24.7%87.0%21.1%88.6%14.3%10.2%-30.2K-54.6M-281.9K0.6222.62N/AN/A1,6311,01837,84944,728
2020-07-02$27.70$24.0080.8%23.2%87.4%18.1%84.8%11.7%14.4%-42.4K-51.4M-277.3K0.6324.91N/AN/A1,21776437,53244,611
2020-07-06$26.38$27.0089.2%28.3%87.1%22.2%98.8%14.4%-2.1%-79.4K-42.0M-267.9K0.7610.99N/AN/A3,4682,63337,96344,546
2020-07-07$25.63$27.0089.9%28.3%78.2%22.2%101.0%15.6%-0.3%-124.4K-36.7M-267.2K0.6810.14N/AN/A3,1002,12138,25045,457
2020-07-08$26.78$26.0091.8%28.6%79.5%22.1%99.5%15.7%-1.8%-51.6K-46.9M-275.1K0.2510.14N/AN/A1,72943140,11747,008
2020-07-09$26.13$27.0096.5%29.5%79.4%24.2%98.7%15.1%-2.1%-63.1K-42.7M-274.1K0.279.18N/AN/A1,45238940,86347,183
2020-07-10$30.02$27.0099.5%29.6%77.4%25.8%102.5%12.1%-5.0%82.0K-72.7M-278.1K1.689.68N/AN/A8,92314,99441,19747,286
2020-07-13$30.28$27.00120.6%30.0%73.3%37.1%104.4%8.3%-4.6%302.8K-83.8M-240.9K0.6412.50N/AN/A5,9193,77543,09041,802
2020-07-14$33.07$27.00122.1%29.8%74.3%37.9%106.4%9.3%-5.3%426.5K-104.2M-241.9K0.3814.08N/AN/A5,4522,08144,19043,484
2020-07-15$34.04$27.00102.9%29.5%74.1%27.6%105.2%9.2%-3.8%378.7K-109.8M-234.4K0.4914.90N/AN/A5,0302,47344,09044,597
2020-07-16$35.49$27.00103.8%29.8%74.6%28.1%106.9%8.0%-8.5%439.4K-121.4M-233.7K0.9011.98N/AN/A3,5593,21944,37344,701
2020-07-17$35.03$27.0099.8%28.6%75.1%25.9%101.1%6.0%-3.8%658.9K-120.7M-237.0K0.2513.02N/AN/A3,94697344,99346,605
2020-07-20$34.60$27.0099.3%28.5%75.0%25.7%101.0%6.7%-5.9%188.2K-95.2M-234.2K0.6216.84N/AN/A2,3901,49038,26236,470
2020-07-21$36.67$27.0098.9%28.3%76.3%25.4%99.5%7.2%-7.2%269.2K-109.2M-232.4K0.9120.15N/AN/A4,6934,29139,64036,449
2020-07-22$38.16$27.0098.4%28.2%75.3%25.2%99.6%7.8%-6.7%315.1K-114.1M-228.3K0.1325.99N/AN/A4,61558039,15735,257
2020-07-23$35.67$27.0095.7%27.4%76.0%23.7%97.2%6.3%-7.5%340.1K-97.0M-239.6K0.3122.18N/AN/A6,8652,09839,31535,544
2020-07-24$35.16$27.0096.3%27.6%76.5%24.1%96.3%5.2%-7.5%429.4K-98.9M-254.8K0.2725.11N/AN/A1,75448042,57737,104
2020-07-27$37.83$27.0099.3%28.5%78.6%25.7%100.1%5.9%-8.5%495.2K-115.9M-240.2K0.1021.17N/AN/A6,09661842,51337,287
2020-07-28$36.54$28.00101.7%29.2%80.5%27.0%100.3%5.7%-10.6%577.0K-109.1M-256.6K0.3623.39N/AN/A3,1681,14544,58637,455
2020-07-29$34.72$28.00101.1%29.0%83.8%26.6%103.8%5.3%-9.6%553.9K-98.1M-262.1K0.7226.79N/AN/A2,5061,79945,62538,203
2020-07-30$36.60$28.00107.6%30.9%84.8%30.1%107.3%2.0%-12.4%645.7K-113.0M-265.4K0.1219.05N/AN/A6,40777846,52838,660
2020-07-31$36.53$28.00118.8%34.1%84.3%36.1%120.0%-1.5%-19.3%735.9K-115.8M-280.9K0.0925.08N/AN/A4,49142149,54838,954