CWH Options History — May 2021

In May 2021, CWH traded between $39.83 and $48.15. ATM implied volatility averaged 57.7%, placing in the 5.3% IV rank vs the trailing year. The 30-day expected move averaged 16.7%. IV traded below realized volatility by 1.3% (HV 20d: 59.0%). Max pain ranged from $35.09 to $40.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.50.

Notable Days

  • 2021-05-03: Highest Volume — 13,858 contracts
  • 2021-05-04: Largest IV drop — 16.0% change
  • 2021-05-12: Highest IV Rank — 13.7%
  • 2021-05-03: Largest Expected Move — 22.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.60$39.83$48.15$43.97$44.32
Max Pain$37.41$35.09$40.00$37.00$39.09
ATM IV57.7%52.6%69.1%69.1%53.3%
Expected Move16.7%14.9%22.1%22.1%14.9%
HV 20d59.0%42.0%64.6%42.0%63.7%
HV 60d64.6%61.2%68.1%61.2%62.0%
IV Rank5.3%0.0%13.7%12.5%0.9%
IV Percentile2.2%0.0%15.1%15.1%0.8%
Term Structure0.8%-1.6%2.1%0.1%2.0%
VWIV59.0%52.7%76.3%76.3%53.7%
Skew 25d1.1%-1.4%9.0%0.8%-1.4%
Skew 10d0.4%-7.2%11.8%11.8%-3.4%
Call IV 25d58.5%52.9%71.7%71.7%54.1%
Put IV 25d59.6%52.8%74.5%72.6%52.8%
Bid-Ask Spread %38.8114.7654.9614.7627.21
Gamma HHI0.110.060.300.090.13
Net GEX1.5M-1.0M2.8M1.1M1.9M
Net DEX-82.2M-141.7M-25.1M-87.9M-111.8M
Net VEX-393.0K-429.5K-347.1K-351.8K-428.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.121.430.360.38
Total Volume7,6683,33913,85813,8589,327
Total OI92,148.5574,005106,29474,00598,467

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$43.97$37.0069.1%22.1%42.0%12.5%76.3%0.8%0.1%1.1M-87.9M-351.8K0.3614.76N/AN/A10,2123,64638,71135,294
2021-05-04$48.15$37.0058.0%17.9%51.1%0.0%63.1%-0.4%1.6%2.6M-141.7M-347.1K0.3136.74N/AN/A10,4433,23745,65238,290
2021-05-05$45.78$37.0056.4%16.7%55.3%0.0%59.1%-0.3%0.7%2.7M-115.4M-365.2K0.8934.23N/AN/A6,8666,10947,16638,985
2021-05-06$44.64$35.0956.8%16.7%56.6%0.4%59.5%-0.1%1.6%2.1M-93.0M-382.2K0.3151.37N/AN/A5,2381,64148,64742,694
2021-05-07$46.17$35.0952.6%15.7%57.3%0.0%54.7%1.0%0.2%2.8M-119.8M-374.9K0.7142.70N/AN/A3,1862,26852,41642,198
2021-05-10$45.58$36.0955.7%16.1%55.5%4.0%56.8%1.0%-0.4%2.1M-100.3M-373.3K0.4030.10N/AN/A2,38595445,27540,968
2021-05-11$43.38$36.0957.8%16.7%58.4%6.6%58.9%0.5%0.0%1.4M-70.5M-372.2K1.2254.19N/AN/A2,2702,78046,13041,551
2021-05-12$41.91$36.0963.2%17.9%58.9%13.7%63.0%9.0%0.2%827.0K-51.9M-385.7K0.1747.70N/AN/A5,54697046,66343,103
2021-05-13$44.45$36.0962.5%17.7%62.1%12.7%62.2%1.6%-1.6%2.2M-90.9M-404.2K0.1241.78N/AN/A5,06560750,05643,756
2021-05-14$45.73$36.0958.1%16.9%62.7%7.1%58.9%6.0%1.9%2.7M-118.8M-400.9K0.4354.96N/AN/A3,4741,49753,47043,881
2021-05-17$45.30$36.0960.0%17.2%62.0%9.5%60.7%0.9%0.7%2.2M-101.8M-391.9K1.4350.97N/AN/A4,9087,01547,59543,019
2021-05-18$42.81$40.0059.2%17.0%63.1%8.5%59.7%1.0%0.1%1.1M-59.1M-402.2K0.5630.32N/AN/A3,3091,86151,19146,530
2021-05-19$42.10$40.0060.3%17.3%63.4%9.9%61.0%0.6%1.5%734.3K-47.9M-403.9K0.4454.30N/AN/A4,5822,00751,83847,300
2021-05-20$41.20$40.0058.0%16.5%63.7%6.9%58.9%0.3%2.1%572.7K-38.1M-405.9K0.4838.75N/AN/A4,9282,36054,91448,532
2021-05-21$40.08$39.0956.5%16.1%61.3%5.0%57.6%0.9%1.5%-1.0M-25.1M-406.7K0.3344.12N/AN/A6,6682,22857,15649,138
2021-05-24$39.83$37.0955.1%15.9%58.7%3.2%55.9%-1.3%1.1%635.4K-38.2M-401.4K0.3136.34N/AN/A5,9101,84643,55941,358
2021-05-25$40.14$38.0954.8%15.3%58.5%2.8%54.2%0.7%0.6%982.9K-44.3M-410.4K0.4732.77N/AN/A3,1271,47546,67242,800
2021-05-26$42.05$38.0953.6%15.1%61.4%1.2%53.2%1.5%1.4%1.6M-74.4M-422.0K0.2527.27N/AN/A5,3701,32148,98343,767
2021-05-27$44.34$39.0953.2%15.0%64.6%0.7%52.7%-0.3%1.0%1.6M-112.0M-429.5K0.3625.56N/AN/A4,9501,77450,95844,288
2021-05-28$44.32$39.0953.3%14.9%63.7%0.9%53.7%-1.4%2.0%1.9M-111.8M-428.3K0.3827.21N/AN/A6,7682,55953,55844,909