CWH Options History — January 2021

In January 2021, CWH traded between $26.45 and $38.74. ATM implied volatility averaged 79.3%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 21.6%. IV traded above realized volatility by 14.3% (HV 20d: 65.0%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.50.

Notable Days

  • 2021-01-25: Highest Volume — 21,684 contracts
  • 2021-01-25: Largest IV spike — 28.9% change
  • 2021-01-28: Highest IV Rank — 35.2%
  • 2021-01-27: Largest Expected Move — 28.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.17$26.45$38.74$26.45$33.97
Max Pain$26.89$25.00$30.00$25.00$30.00
ATM IV79.3%66.8%118.2%72.4%114.2%
Expected Move21.6%19.3%28.3%20.5%27.4%
HV 20d65.0%59.6%74.5%59.6%69.1%
HV 60d69.7%67.3%71.7%67.3%71.4%
IV Rank14.5%7.9%35.2%10.9%33.1%
IV Percentile30.5%8.7%81.7%24.2%80.6%
Term Structure0.0%-24.4%12.4%-0.2%-11.8%
VWIV75.8%67.2%99.8%71.2%96.3%
Skew 25d5.1%1.1%14.9%5.6%11.8%
Skew 10d10.4%4.2%28.0%10.0%28.0%
Call IV 25d79.5%64.8%128.8%70.8%123.7%
Put IV 25d84.5%69.4%143.7%76.4%135.5%
Bid-Ask Spread %16.499.1819.6715.6517.96
Gamma HHI0.080.040.180.060.09
Net GEX1.5M845.3K2.2M845.3K1.0M
Net DEX-78.8M-126.5M-28.8M-28.8M-63.2M
Net VEX-312.8K-379.2K-260.1K-260.3K-374.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.101.300.190.78
Total Volume8,364.2112,30821,6847,3624,326
Total OI90,235.63266,970106,64492,74096,899

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$26.45$25.0072.4%20.5%59.6%10.9%71.2%5.6%-0.2%845.3K-28.8M-260.3K0.1915.65N/AN/A6,1821,18054,08138,659
2021-01-05$28.28$25.0070.4%20.3%65.1%9.8%72.0%3.5%2.1%1.3M-53.7M-274.4K0.3218.45N/AN/A4,3581,40754,68038,834
2021-01-06$28.59$25.0069.7%20.1%65.1%9.4%72.3%4.3%0.4%1.4M-58.8M-276.7K0.6117.19N/AN/A4,8372,95755,68038,855
2021-01-07$28.74$25.0066.8%19.5%63.9%7.9%68.7%3.1%0.8%1.6M-62.4M-273.6K0.6314.55N/AN/A1,41889057,48037,745
2021-01-08$27.61$26.0066.9%19.4%65.4%7.9%67.8%4.2%1.7%1.7M-44.7M-260.1K0.8916.80N/AN/A4,5004,01457,63937,935
2021-01-11$28.84$26.0067.8%19.7%67.2%8.4%68.0%4.7%0.2%1.4M-61.1M-277.9K0.9315.41N/AN/A5,6495,24056,29039,331
2021-01-12$31.61$26.0070.0%19.9%74.5%9.6%70.0%3.6%-1.5%1.7M-106.5M-313.4K0.2218.75N/AN/A9,6012,15160,45843,006
2021-01-13$30.85$26.0069.7%19.6%73.2%9.4%69.4%1.1%-0.9%1.8M-92.7M-311.6K0.4417.56N/AN/A1,73975960,74943,932
2021-01-14$32.40$26.0068.8%19.6%64.0%9.0%67.9%1.9%0.3%1.6M-116.5M-306.4K0.1518.20N/AN/A8,7051,29660,98744,384
2021-01-15$31.23$26.0069.2%19.5%60.8%9.1%67.5%2.7%-1.8%2.1M-102.5M-311.5K0.2718.80N/AN/A4,4721,22862,02444,620
2021-01-19$31.79$26.0068.3%19.5%60.9%8.7%68.3%4.9%12.4%900.2K-54.4M-309.7K0.859.18N/AN/A1,9601,65938,06928,901
2021-01-20$32.74$27.0067.3%19.3%61.4%8.1%67.2%4.5%10.3%970.4K-62.5M-309.7K0.3010.21N/AN/A3,8291,14539,01429,985
2021-01-21$35.01$27.0071.3%20.0%62.4%10.3%69.8%3.7%9.6%1.1M-83.1M-311.9K0.5317.38N/AN/A8,2724,40840,10830,759
2021-01-22$35.84$28.0073.5%20.0%62.5%11.1%70.9%2.1%11.2%1.4M-96.7M-314.5K0.1014.58N/AN/A12,8101,31844,27430,648
2021-01-25$37.14$28.0094.8%24.7%62.7%22.6%87.4%4.5%-3.0%1.5M-105.2M-345.6K0.1518.03N/AN/A18,8182,86647,76729,815
2021-01-26$38.74$29.0098.0%25.3%63.5%24.4%87.7%6.3%-1.9%2.2M-126.5M-355.8K0.3516.71N/AN/A9,5963,33154,13831,600
2021-01-27$36.34$30.00109.2%28.3%66.1%30.4%99.8%8.8%-2.9%1.9M-95.7M-379.2K0.3819.67N/AN/A4,6331,78057,05534,352
2021-01-28$35.15$30.00118.2%28.0%67.3%35.2%98.8%14.9%-24.4%1.8M-82.6M-376.9K1.3018.25N/AN/A2,4263,16058,50635,218
2021-01-29$33.97$30.00114.2%27.4%69.1%33.1%96.3%11.8%-11.8%1.0M-63.2M-374.0K0.7817.96N/AN/A2,4261,90059,18937,710