CWH Options History — July 2021

In July 2021, CWH traded between $36.60 and $41.33. ATM implied volatility averaged 62.3%, placing in the 17.1% IV rank vs the trailing year. The 30-day expected move averaged 17.5%. IV traded above realized volatility by 23.3% (HV 20d: 39.0%). Max pain ranged from $36.00 to $38.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.78.

Notable Days

  • 2021-07-16: Highest Volume — 9,281 contracts
  • 2021-07-06: Largest IV spike — 31.8% change
  • 2021-07-06: Highest IV Rank — 22.7%
  • 2021-07-30: Largest Expected Move — 19.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.68$36.60$41.33$41.33$39.25
Max Pain$37.40$36.00$38.00$37.00$38.00
ATM IV62.3%50.7%66.8%50.7%63.4%
Expected Move17.5%12.7%19.4%13.5%19.4%
HV 20d39.0%27.7%43.0%27.7%42.4%
HV 60d47.9%42.6%49.9%48.1%42.6%
IV Rank17.1%3.0%22.7%3.0%18.5%
IV Percentile19.4%2.8%26.2%2.8%23.4%
Term Structure-0.6%-9.7%13.4%13.4%-3.4%
VWIV61.7%44.9%68.3%48.3%67.6%
Skew 25d0.8%-6.7%3.4%-0.6%1.9%
Skew 10d4.5%-2.4%11.9%-2.4%11.9%
Call IV 25d63.2%48.4%69.9%51.0%64.9%
Put IV 25d64.0%48.2%69.2%50.4%66.8%
Bid-Ask Spread %12.278.2918.3913.8314.09
Gamma HHI0.070.060.170.140.10
Net GEX555.3K-610.3K3.2M3.2M1.1M
Net DEX-28.0M-75.7M12.8K-75.7M-41.9M
Net VEX-503.4K-533.3K-477.3K-533.3K-479.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.221.950.831.95
Total Volume4,273.2861,6559,2813,9915,917
Total OI96,697.95289,903103,75699,80695,789

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$41.33$37.0050.7%13.5%27.7%3.0%48.3%-0.6%13.4%3.2M-75.7M-533.3K0.8313.83N/AN/A2,1841,80748,21051,596
2021-07-02$38.78$38.0050.7%12.7%35.8%3.0%44.9%-0.2%12.4%1.4M-23.1M-514.8K0.8418.39N/AN/A3,7983,18149,40752,241
2021-07-06$38.11$36.0066.8%17.4%36.0%22.7%61.5%-0.3%-9.7%-28.4K-16.6M-514.8K0.638.29N/AN/A3,0241,91842,47652,114
2021-07-07$38.58$36.0063.0%17.2%36.4%18.0%61.0%0.2%1.5%205.4K-23.0M-519.8K0.7513.37N/AN/A1,7821,33643,57853,300
2021-07-08$37.90$37.0065.5%17.8%36.1%21.0%62.7%2.3%-1.8%-67.4K-12.9M-517.3K0.539.20N/AN/A2,4971,32144,29253,635
2021-07-09$39.39$37.0063.9%17.4%38.9%19.2%61.4%2.6%1.8%730.0K-34.4M-519.2K1.108.59N/AN/A2,0642,26744,79954,240
2021-07-12$39.71$37.0061.6%17.2%38.7%16.3%60.6%-0.1%0.1%768.9K-39.0M-509.6K1.249.66N/AN/A1,6162,00143,64352,931
2021-07-13$38.48$37.0063.9%17.3%37.7%19.1%61.2%-6.7%-2.3%323.5K-21.6M-501.4K1.2810.25N/AN/A2,3082,96444,41353,701
2021-07-14$38.02$37.0061.6%17.0%37.9%16.3%60.0%0.6%-2.4%299.8K-14.3M-505.2K0.898.89N/AN/A2,7912,49545,68356,300
2021-07-15$37.51$38.0062.0%16.9%37.6%16.8%59.9%-0.1%-2.7%-195.4K-5.5M-497.2K0.519.90N/AN/A2,4011,21545,34156,774
2021-07-16$37.06$38.0060.9%16.9%37.0%15.4%58.8%-0.4%-2.5%-610.3K12.8K-492.4K0.2212.42N/AN/A7,5911,69046,49957,257
2021-07-19$36.60$38.0066.2%18.7%36.9%21.9%65.4%1.1%-0.1%-247.0K-6.2M-495.2K0.549.76N/AN/A3,1171,69439,09350,810
2021-07-20$39.17$37.0062.9%18.0%42.7%17.9%63.1%1.9%-1.7%344.4K-33.6M-519.2K0.3311.15N/AN/A2,34978541,19652,026
2021-07-21$39.46$37.0062.4%17.9%42.6%17.2%62.5%1.7%-2.2%662.6K-39.6M-509.9K0.6010.87N/AN/A2,0131,21042,02952,260
2021-07-22$38.71$37.5062.9%18.2%43.0%18.0%63.4%1.2%-2.4%585.6K-31.0M-506.2K0.6615.31N/AN/A99965642,96152,766
2021-07-23$38.82$38.0063.3%18.3%42.5%18.3%64.3%3.4%-0.9%775.1K-31.8M-501.1K1.2317.40N/AN/A1,8912,32743,24552,964
2021-07-26$38.84$38.0063.8%19.0%42.4%19.1%66.2%1.5%-1.4%391.9K-31.9M-491.6K0.4514.87N/AN/A2,3371,05041,18350,954
2021-07-27$38.49$38.0065.1%19.3%42.1%20.6%68.3%2.2%-2.7%376.9K-29.0M-482.4K0.4110.58N/AN/A1,74370841,82749,947
2021-07-28$38.65$38.0064.1%18.8%42.1%19.4%66.5%2.0%-2.4%589.3K-33.2M-477.3K0.7518.34N/AN/A1,31699243,43150,671
2021-07-29$39.52$38.0063.0%18.8%42.6%18.0%67.5%2.5%-2.4%1.1M-43.7M-484.0K0.6312.59N/AN/A2,6881,69643,96551,110
2021-07-30$39.25$38.0063.4%19.4%42.4%18.5%67.6%1.9%-3.4%1.1M-41.9M-479.3K1.9514.09N/AN/A2,0043,91344,72351,066