CWH Options History — September 2020

In September 2020, CWH traded between $28.31 and $35.92. ATM implied volatility averaged 89.1%, placing in the 20.2% IV rank vs the trailing year. The 30-day expected move averaged 25.0%. IV traded above realized volatility by 3.8% (HV 20d: 85.3%). Max pain ranged from $29.00 to $33.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.32.

Notable Days

  • 2020-09-16: Highest Volume — 44,182 contracts
  • 2020-09-09: Largest IV drop — 21.1% change
  • 2020-09-08: Highest IV Rank — 37.4%
  • 2020-09-02: Largest Expected Move — 29.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.42$28.31$35.92$31.96$29.74
Max Pain$31.81$29.00$33.00$29.00$30.00
ATM IV89.1%77.5%121.2%103.2%77.5%
Expected Move25.0%22.2%29.8%29.6%22.2%
HV 20d85.3%71.1%115.1%115.1%71.1%
HV 60d92.9%90.4%94.8%94.7%93.1%
IV Rank20.2%14.0%37.4%27.8%14.0%
IV Percentile49.8%31.7%82.1%74.2%31.7%
Term Structure3.7%-8.0%13.5%-8.0%13.5%
VWIV87.6%78.2%105.6%104.0%79.5%
Skew 25d2.5%-8.6%6.9%-4.0%3.5%
Skew 10d6.8%-11.3%14.5%-5.0%9.4%
Call IV 25d87.0%77.8%110.3%106.2%77.8%
Put IV 25d89.5%80.3%102.2%102.2%81.3%
Bid-Ask Spread %16.749.5824.9424.9420.13
Gamma HHI0.110.070.510.080.10
Net GEX278.4K-3.1M1.6M511.6K207.4K
Net DEX-76.2M-152.7M-29.2M-95.9M-48.1M
Net VEX-385.0K-445.5K-347.0K-426.9K-356.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.160.770.770.37
Total Volume12,076.2382,75144,18220,9067,375
Total OI137,090.952100,507170,447140,732108,123

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-09-01$31.96$29.00103.2%29.6%115.1%27.8%104.0%-4.0%-8.0%511.6K-95.9M-426.9K0.7724.94N/AN/A11,8429,06475,54965,183
2020-09-02$31.97$29.00104.0%29.8%110.7%28.2%105.6%-8.6%-6.0%455.6K-99.7M-445.5K0.4218.39N/AN/A4,0131,67078,58573,346
2020-09-03$30.88$33.00102.5%27.4%73.1%27.3%96.2%2.0%-2.6%241.5K-81.3M-443.7K0.409.58N/AN/A6,1882,50079,15874,321
2020-09-04$30.57$33.00111.4%28.0%73.0%32.1%97.8%3.4%-3.2%109.4K-73.6M-433.7K0.5414.60N/AN/A5,1972,80077,84175,885
2020-09-08$33.63$33.00121.2%28.9%80.7%37.4%100.3%2.1%-6.9%685.7K-124.1M-422.8K0.3811.18N/AN/A12,9194,94878,59376,496
2020-09-09$35.26$33.0095.6%27.4%82.3%23.7%96.2%2.4%-4.4%1.1M-150.2M-414.4K0.2714.56N/AN/A5,6841,52979,29479,237
2020-09-10$35.31$33.0091.1%26.1%82.3%21.2%91.4%1.2%-0.8%1.3M-152.7M-391.5K0.2723.53N/AN/A13,5403,62079,55779,600
2020-09-11$34.25$33.0086.7%24.9%82.8%18.9%87.6%3.9%-0.4%1.0M-110.3M-396.1K0.2410.42N/AN/A4,7291,14474,12781,519
2020-09-14$35.92$33.0086.7%24.9%84.4%18.9%87.6%1.4%2.2%1.6M-140.5M-365.6K0.2110.03N/AN/A14,5703,11873,86881,708
2020-09-15$33.16$33.0079.7%22.9%86.3%15.2%78.2%2.5%4.9%1.3M-94.5M-360.1K0.2520.53N/AN/A19,5354,89278,68882,836
2020-09-16$30.35$33.0079.3%22.7%91.4%14.9%79.8%1.3%5.9%-995.5K-33.2M-355.7K0.4713.56N/AN/A29,98714,19579,88784,431
2020-09-17$30.98$32.0080.2%23.0%91.2%15.4%80.9%2.5%9.4%272.2K-64.0M-375.4K0.2516.67N/AN/A7,0981,75887,98279,755
2020-09-18$30.05$32.0078.5%22.5%87.6%14.5%78.8%3.8%11.1%-3.1M-43.1M-360.3K0.3414.90N/AN/A15,7215,27089,33381,114
2020-09-21$30.95$31.0083.2%23.9%88.4%17.0%84.5%5.3%8.6%251.4K-56.3M-372.7K0.2413.58N/AN/A4,7051,13552,09548,412
2020-09-22$31.22$32.0081.7%23.4%88.3%16.2%81.1%6.9%8.2%236.4K-56.7M-377.6K0.2116.66N/AN/A2,27947251,59248,937
2020-09-23$29.48$32.0082.2%23.6%81.9%16.5%80.8%5.8%7.8%122.0K-39.9M-363.7K0.1619.92N/AN/A7,8081,23352,28349,203
2020-09-24$28.31$32.0081.5%23.4%81.5%16.1%81.6%6.1%9.2%83.6K-29.2M-356.4K0.2221.90N/AN/A4,10989353,50749,856
2020-09-25$28.37$31.0082.8%23.7%81.3%16.8%83.1%4.1%9.2%131.5K-33.8M-366.2K0.3417.61N/AN/A4,5671,56855,16950,214
2020-09-28$28.46$31.0081.2%23.3%81.0%16.0%82.0%4.5%10.6%108.2K-32.7M-347.0K0.1819.73N/AN/A5,34397054,89750,052
2020-09-29$28.94$30.0081.2%23.3%77.3%16.0%82.8%3.6%10.2%176.9K-41.1M-352.5K0.2919.17N/AN/A2,81080356,39650,281
2020-09-30$29.74$30.0077.5%22.2%71.1%14.0%79.5%3.5%13.5%207.4K-48.1M-356.5K0.3720.13N/AN/A5,3951,98056,61951,504