CWH Options History — April 2021

In April 2021, CWH traded between $36.86 and $45.60. ATM implied volatility averaged 69.6%, placing in the 11.8% IV rank vs the trailing year. The 30-day expected move averaged 19.9%. IV traded above realized volatility by 15.3% (HV 20d: 54.4%). Max pain ranged from $32.00 to $38.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.55.

Notable Days

  • 2021-04-19: Highest Volume — 10,156 contracts
  • 2021-04-06: Largest IV spike — 10.4% change
  • 2021-04-26: Highest IV Rank — 17.9%
  • 2021-04-29: Largest Expected Move — 21.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.07$36.86$45.60$36.86$43.59
Max Pain$35.90$32.00$38.00$34.00$36.00
ATM IV69.6%61.9%73.5%61.9%71.3%
Expected Move19.9%16.1%21.8%16.1%21.7%
HV 20d54.4%39.2%77.7%77.7%42.1%
HV 60d65.0%61.9%68.8%68.7%61.9%
IV Rank11.8%1.7%17.9%1.7%15.6%
IV Percentile18.3%0.8%30.2%0.8%27.0%
Term Structure-0.7%-6.7%10.7%10.7%-3.4%
VWIV69.9%55.9%78.6%55.9%78.6%
Skew 25d3.9%-4.6%21.2%-2.0%0.0%
Skew 10d7.0%-2.2%30.7%12.9%-2.2%
Call IV 25d69.3%58.0%74.5%64.4%74.5%
Put IV 25d73.2%62.4%79.2%62.4%74.5%
Bid-Ask Spread %14.728.8139.0439.0418.28
Gamma HHI0.090.060.280.060.08
Net GEX1.3M747.2K2.6M862.0K1.2M
Net DEX-75.5M-106.1M-43.6M-45.8M-86.4M
Net VEX-337.3K-358.3K-315.5K-329.4K-355.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.261.340.491.01
Total Volume5,058.3812,31810,1563,2034,323
Total OI72,666.09563,86878,62171,68475,561

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$36.86$34.0061.9%16.1%77.7%1.7%55.9%-2.0%10.7%862.0K-45.8M-329.4K0.4939.04N/AN/A2,1481,05539,98231,702
2021-04-05$36.95$37.0065.1%19.1%77.4%4.8%66.5%-4.6%4.4%747.2K-43.6M-315.5K1.3413.51N/AN/A9891,32938,13930,894
2021-04-06$37.73$37.0071.9%19.5%73.6%10.8%68.8%2.3%-0.7%994.1K-50.0M-327.7K0.4413.26N/AN/A1,86081938,92931,983
2021-04-07$37.39$36.0070.1%19.5%72.5%10.2%67.4%3.9%5.1%950.6K-48.6M-326.2K0.3717.38N/AN/A1,90070140,14832,431
2021-04-08$38.01$36.0063.3%19.0%72.0%3.7%66.6%9.0%6.1%1.4M-55.8M-324.8K0.6014.38N/AN/A1,57895441,01332,686
2021-04-09$38.08$36.0067.2%18.8%54.6%8.5%66.0%21.2%-6.7%2.6M-57.4M-329.2K0.5116.03N/AN/A2,0511,04241,55033,141
2021-04-12$40.14$37.0067.5%19.2%57.8%9.1%68.0%4.6%-0.8%1.4M-72.1M-320.4K0.509.50N/AN/A3,8241,89539,73132,426
2021-04-13$39.47$37.0068.0%19.0%55.7%9.7%65.9%3.7%-1.6%1.6M-67.1M-324.2K0.3910.52N/AN/A7,2472,79741,12233,001
2021-04-14$40.82$37.0070.1%19.2%54.7%12.1%67.7%4.1%-2.0%1.9M-84.3M-328.9K0.9512.77N/AN/A5,1014,86042,73133,541
2021-04-15$41.61$38.0068.5%18.9%54.8%10.3%66.5%7.6%-3.3%1.6M-88.4M-330.5K0.4813.84N/AN/A2,7481,30843,10334,140
2021-04-16$41.58$38.0067.5%19.0%49.4%9.1%66.6%4.8%-1.0%1.0M-88.0M-331.0K0.2611.30N/AN/A6,7071,71143,65634,965
2021-04-19$43.00$32.0070.9%20.1%50.6%13.0%69.7%3.9%-1.3%933.9K-81.4M-335.3K0.489.78N/AN/A6,8443,31233,01630,852
2021-04-20$41.05$35.0073.5%20.9%53.7%16.1%73.2%4.6%-2.5%943.8K-68.7M-356.4K0.5615.46N/AN/A2,9591,66437,24132,922
2021-04-21$41.43$35.0073.4%21.0%49.5%15.9%73.4%3.5%-1.8%1.1M-73.5M-358.3K0.359.33N/AN/A2,24079538,03633,423
2021-04-22$40.86$35.0073.0%21.0%40.2%17.7%74.4%2.6%-2.7%1.3M-66.4M-352.0K0.508.81N/AN/A1,93697738,92833,850
2021-04-23$43.05$35.0071.0%20.5%42.2%15.1%71.6%3.9%-2.2%1.4M-99.6M-354.1K0.3411.99N/AN/A6,2332,10539,75334,360
2021-04-26$44.99$35.0073.1%21.4%43.1%17.9%75.1%0.7%-3.2%1.2M-100.9M-343.2K0.3911.05N/AN/A5,6872,23236,63931,969
2021-04-27$45.60$36.0071.7%21.2%40.9%16.0%74.4%1.9%-2.3%1.5M-106.1M-344.0K0.4214.08N/AN/A3,1551,34137,95833,315
2021-04-28$45.32$36.0071.2%21.2%39.2%15.3%74.9%2.4%-3.1%1.5M-102.9M-345.3K0.6118.10N/AN/A1,62899038,79834,139
2021-04-29$44.89$36.0071.6%21.8%39.6%15.9%75.9%3.0%-2.3%1.5M-98.9M-351.3K0.6420.66N/AN/A1,9381,24339,47334,741
2021-04-30$43.59$36.0071.3%21.7%42.1%15.6%78.6%0.0%-3.4%1.2M-86.4M-355.4K1.0118.28N/AN/A2,1462,17740,02235,539