CWH Options History — February 2021

In February 2021, CWH traded between $32.06 and $39.94. ATM implied volatility averaged 90.8%, placing in the 16.1% IV rank vs the trailing year. The 30-day expected move averaged 25.4%. IV traded above realized volatility by 32.1% (HV 20d: 58.7%). Max pain ranged from $28.09 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.65.

Notable Days

  • 2021-02-25: Highest Volume — 10,928 contracts
  • 2021-02-25: Largest IV drop — 10.7% change
  • 2021-02-01: Highest IV Rank — 27.3%
  • 2021-02-24: Largest Expected Move — 28.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.10$32.06$39.94$34.27$32.06
Max Pain$28.60$28.09$30.00$30.00$29.09
ATM IV90.8%79.4%105.1%105.1%79.4%
Expected Move25.4%21.6%28.3%26.8%22.9%
HV 20d58.7%47.0%67.2%66.3%63.0%
HV 60d62.3%58.0%70.7%69.7%64.4%
IV Rank16.1%7.3%27.3%27.3%7.3%
IV Percentile43.6%22.6%75.8%75.8%22.6%
Term Structure-2.0%-5.5%1.0%-2.4%0.1%
VWIV90.2%76.8%99.6%96.8%82.9%
Skew 25d3.0%0.1%7.0%0.9%4.9%
Skew 10d6.6%-3.7%13.7%9.1%-3.7%
Call IV 25d91.8%81.7%105.6%105.6%81.7%
Put IV 25d94.8%86.6%106.5%106.5%86.6%
Bid-Ask Spread %25.7118.1632.7720.2032.77
Gamma HHI0.090.040.260.050.04
Net GEX1.1M145.8K2.1M834.9K145.8K
Net DEX-82.4M-122.1M-20.4M-64.6M-20.4M
Net VEX-346.0K-371.4K-312.0K-368.9K-321.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.221.990.820.94
Total Volume5,093.4741,96110,9283,9298,947
Total OI85,851.63270,08594,88483,05984,427

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$34.27$30.00105.1%26.8%66.3%27.3%96.8%0.9%-2.4%834.9K-64.6M-368.9K0.8220.20N/AN/A2,1621,76747,55335,506
2021-02-02$35.86$30.0094.1%23.3%67.2%21.3%83.5%7.0%-1.2%1.1M-80.3M-364.3K0.7727.74N/AN/A2,0411,56248,41836,481
2021-02-03$37.55$30.0092.3%21.6%65.4%20.3%76.8%6.2%0.1%1.3M-98.3M-362.9K0.2831.62N/AN/A3,37995049,28337,030
2021-02-04$39.38$28.0991.4%24.6%66.5%19.8%90.0%1.2%-4.0%1.5M-116.6M-349.4K0.7022.97N/AN/A4,1782,93349,15836,482
2021-02-05$39.94$28.0990.4%25.6%66.4%19.3%88.0%2.9%-1.8%2.1M-122.1M-358.0K0.3525.82N/AN/A2,79398250,11438,572
2021-02-08$39.41$28.0991.4%25.9%64.0%19.3%88.9%0.1%-0.0%1.4M-106.5M-356.8K0.4128.38N/AN/A6,1162,50947,56137,073
2021-02-09$39.39$28.0991.9%25.7%63.5%19.6%91.4%4.0%-3.4%1.5M-110.6M-371.4K1.0027.61N/AN/A3,2943,30651,39639,023
2021-02-10$38.66$28.0992.5%25.6%57.8%18.2%89.7%6.6%-5.5%1.5M-102.1M-367.8K0.3126.53N/AN/A1,91160052,75539,289
2021-02-11$38.55$28.0992.8%26.0%56.6%15.2%90.3%2.4%-3.5%1.6M-100.5M-362.7K0.2226.88N/AN/A4,14290753,03739,482
2021-02-12$37.68$28.0991.2%25.5%56.0%14.2%90.1%2.1%-3.4%1.1M-91.8M-360.9K0.9026.65N/AN/A1,6451,48554,90239,982
2021-02-16$37.90$28.0991.5%26.0%53.5%14.4%95.8%2.0%1.0%1.3M-93.3M-343.1K0.7627.29N/AN/A1,11584651,86138,830
2021-02-17$38.23$28.0991.4%26.2%53.4%14.4%92.3%2.6%-2.6%1.5M-96.5M-336.0K0.3724.05N/AN/A1,63361252,86139,151
2021-02-18$36.68$28.0988.0%25.3%55.7%12.4%90.1%1.2%-0.1%789.9K-79.2M-328.9K1.9926.46N/AN/A1,8883,75253,47239,563
2021-02-19$36.93$29.0987.2%25.1%50.8%11.9%89.9%2.0%-1.4%862.0K-81.0M-329.6K0.6325.71N/AN/A3,3202,07553,63839,739
2021-02-22$36.71$28.0988.3%26.0%50.3%12.5%91.0%1.8%-2.1%613.0K-57.5M-322.9K0.4618.16N/AN/A2,03093538,13031,955
2021-02-23$36.27$28.0990.0%26.6%48.8%13.5%94.6%2.3%-3.2%618.9K-55.6M-324.9K0.6318.97N/AN/A3,2012,01339,29732,537
2021-02-24$37.12$29.0993.5%28.3%47.0%15.6%99.6%1.7%-5.1%706.4K-63.2M-332.3K0.3421.98N/AN/A3,6091,21040,93934,031
2021-02-25$32.37$29.0983.5%26.1%63.8%9.8%91.8%5.0%-0.2%271.6K-26.2M-312.0K0.4628.62N/AN/A7,4693,45942,62435,029
2021-02-26$32.06$29.0979.4%22.9%63.0%7.3%82.9%4.9%0.1%145.8K-20.4M-321.7K0.9432.77N/AN/A4,6084,33946,71237,715