CWH Options History — March 2021

In March 2021, CWH traded between $31.98 and $43.51. ATM implied volatility averaged 68.0%, placing in the 2.3% IV rank vs the trailing year. The 30-day expected move averaged 19.4%. IV traded below realized volatility by 8.4% (HV 20d: 76.4%). Max pain ranged from $29.09 to $36.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.57.

Notable Days

  • 2021-03-11: Highest Volume — 23,930 contracts
  • 2021-03-09: Largest IV drop — 6.3% change
  • 2021-03-08: Highest IV Rank — 5.2%
  • 2021-03-03: Largest Expected Move — 22.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.24$31.98$43.51$33.66$36.55
Max Pain$32.97$29.09$36.00$29.09$34.00
ATM IV68.0%59.6%75.8%71.9%62.3%
Expected Move19.4%17.3%22.0%20.4%17.3%
HV 20d76.4%58.2%92.6%64.7%77.7%
HV 60d67.5%64.4%70.6%64.5%69.9%
IV Rank2.3%0.0%5.2%3.0%2.0%
IV Percentile8.0%0.0%23.4%15.5%1.2%
Term Structure1.5%-3.5%15.4%-0.6%14.0%
VWIV68.2%59.8%77.0%72.8%59.8%
Skew 25d4.3%1.2%8.3%4.4%6.8%
Skew 10d5.7%-19.0%13.8%8.6%-4.3%
Call IV 25d67.6%59.9%75.4%72.4%59.9%
Put IV 25d71.9%62.1%81.9%76.8%66.7%
Bid-Ask Spread %30.5519.2849.6737.1228.42
Gamma HHI0.090.040.430.050.05
Net GEX1.1M144.3K3.8M571.8K735.4K
Net DEX-64.1M-147.2M-21.4M-38.7M-42.8M
Net VEX-326.1K-353.4K-308.3K-312.7K-325.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.091.320.381.28
Total Volume5,578.9132,37623,9306,1622,630
Total OI80,67263,30193,64280,80871,166

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$33.66$29.0971.9%20.4%64.7%3.0%72.8%4.4%-0.6%571.8K-38.7M-312.7K0.3837.12N/AN/A4,4601,70244,77536,033
2021-03-02$32.49$29.0973.1%21.1%65.8%3.7%74.0%4.5%-2.6%384.5K-28.3M-308.3K0.7934.81N/AN/A1,6131,27246,33336,595
2021-03-03$31.98$29.0973.3%22.0%63.4%3.8%77.0%7.2%-0.6%254.3K-23.9M-308.8K0.5229.23N/AN/A3,8251,99247,05837,585
2021-03-04$32.02$33.0075.3%20.9%60.5%5.0%73.0%5.8%-0.9%284.8K-23.5M-316.1K0.8626.34N/AN/A2,0871,80447,70838,311
2021-03-05$32.84$33.0073.5%21.0%58.2%3.9%74.0%7.5%-3.5%906.4K-31.3M-315.6K0.9223.25N/AN/A2,8582,62948,27138,394
2021-03-08$35.30$33.0075.8%21.1%64.6%5.2%72.5%8.3%-3.3%896.3K-56.0M-314.9K0.4535.56N/AN/A4,2701,90646,23336,485
2021-03-09$36.69$33.0071.0%19.9%66.4%2.4%71.2%7.1%-1.0%1.4M-73.9M-316.6K0.3630.92N/AN/A3,4431,25548,59137,124
2021-03-10$37.82$33.0068.9%19.9%67.5%1.2%68.5%5.7%0.3%1.7M-89.9M-318.4K0.4919.28N/AN/A3,3001,60550,41437,355
2021-03-11$42.90$33.0069.3%19.6%81.0%1.4%69.2%4.1%-0.6%1.7M-147.2M-320.7K0.1631.66N/AN/A20,6133,31751,29237,785
2021-03-12$41.79$35.0070.6%20.1%81.7%2.2%71.0%4.5%-0.6%1.9M-110.9M-337.0K0.2625.66N/AN/A5,1871,36947,99639,471
2021-03-15$43.51$35.0070.1%20.1%82.0%1.9%69.7%4.6%-0.1%1.9M-131.0M-337.0K0.1724.63N/AN/A5,9731,04148,56237,619
2021-03-16$41.39$36.0067.7%19.4%84.5%0.5%68.6%1.2%0.9%2.0M-112.6M-352.1K0.9730.21N/AN/A1,7841,73051,19438,130
2021-03-17$42.05$36.0067.2%19.3%84.6%0.2%69.1%3.7%0.2%1.9M-118.5M-353.4K0.0940.93N/AN/A5,56350851,50239,341
2021-03-18$39.44$30.0068.1%19.5%86.6%0.8%68.9%2.1%0.0%2.1M-95.4M-347.6K1.3226.37N/AN/A1,5081,99753,36639,583
2021-03-19$39.64$32.0064.9%18.7%86.6%0.0%65.4%2.6%-1.2%3.8M-94.2M-338.8K0.2332.47N/AN/A4,8321,13553,44440,198
2021-03-22$39.93$32.0061.0%17.3%86.5%0.0%61.3%2.9%3.8%629.0K-56.5M-329.9K0.2734.12N/AN/A4,0521,10132,61130,690
2021-03-23$37.83$33.0059.6%17.3%88.8%0.0%62.1%1.6%4.3%557.6K-41.8M-323.9K0.9034.15N/AN/A2,6742,39834,82431,323
2021-03-24$35.06$34.0062.1%17.5%92.6%1.9%62.0%3.4%0.2%144.3K-21.4M-310.3K0.5429.58N/AN/A3,5091,90135,45432,251
2021-03-25$36.28$34.0063.6%18.3%78.6%3.0%64.5%3.1%0.1%321.8K-30.8M-323.0K0.4527.08N/AN/A3,6821,66536,54932,571
2021-03-26$35.80$34.0066.0%18.9%78.7%4.9%65.7%3.3%2.2%368.4K-32.4M-333.6K0.7823.25N/AN/A1,8721,46939,14432,733
2021-03-29$34.90$34.0063.5%19.0%77.7%3.0%66.2%1.9%15.4%408.1K-29.6M-322.7K0.4949.67N/AN/A1,62078838,13431,033
2021-03-30$36.63$34.0064.5%17.9%78.1%3.7%62.0%1.6%8.0%695.1K-43.1M-332.9K0.4027.94N/AN/A1,69767938,82231,403
2021-03-31$36.55$34.0062.3%17.3%77.7%2.0%59.8%6.8%14.0%735.4K-42.8M-325.7K1.2828.42N/AN/A1,1521,47839,48531,681