CWH Options History — August 2021

In August 2021, CWH traded between $36.13 and $43.47. ATM implied volatility averaged 51.6%, placing in the 4.4% IV rank vs the trailing year. The 30-day expected move averaged 14.9%. IV traded above realized volatility by 5.3% (HV 20d: 46.3%). Max pain ranged from $36.00 to $38.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.18.

Notable Days

  • 2021-08-24: Highest Volume — 12,961 contracts
  • 2021-08-03: Largest IV drop — 15.5% change
  • 2021-08-02: Highest IV Rank — 18.2%
  • 2021-08-02: Largest Expected Move — 19.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.66$36.13$43.47$40.41$39.85
Max Pain$37.11$36.00$38.00$38.00$38.00
ATM IV51.6%48.6%63.1%63.1%49.9%
Expected Move14.9%13.3%19.7%19.7%14.2%
HV 20d46.3%36.8%51.9%37.1%50.9%
HV 60d42.3%40.0%45.1%42.8%41.3%
IV Rank4.4%0.5%18.2%18.2%2.2%
IV Percentile5.8%0.4%22.2%22.2%2.8%
Term Structure0.6%-2.1%6.7%-0.1%0.7%
VWIV53.4%50.1%70.0%70.0%50.5%
Skew 25d3.3%-0.9%11.2%2.1%-0.9%
Skew 10d6.2%-1.6%15.7%9.6%-1.2%
Call IV 25d50.9%44.8%63.0%63.0%51.9%
Put IV 25d54.2%50.2%65.1%65.1%50.9%
Bid-Ask Spread %28.9613.4540.3913.4514.81
Gamma HHI0.100.080.130.080.11
Net GEX949.2K-422.6K2.5M872.6K806.3K
Net DEX-41.5M-97.8M4.9M-53.9M-42.7M
Net VEX-419.1K-462.7K-378.3K-462.7K-396.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.373.991.490.92
Total Volume6,202.3642,42312,9619,0922,591
Total OI94,756.27385,720102,81290,84598,277

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$40.41$38.0063.1%19.7%37.1%18.2%70.0%2.1%-0.1%872.6K-53.9M-462.7K1.4913.45N/AN/A3,6455,44742,61448,231
2021-08-03$39.89$38.0053.3%15.0%36.8%6.2%52.9%11.2%6.7%1.1M-45.8M-458.5K1.1718.89N/AN/A4,8425,64543,90049,972
2021-08-04$43.01$38.0053.4%13.3%45.0%6.3%53.8%4.7%-2.1%1.9M-88.6M-460.1K0.6528.09N/AN/A7,0164,58945,71354,276
2021-08-05$43.47$36.0052.6%15.3%44.2%5.7%53.6%3.9%1.2%2.2M-97.8M-460.2K0.6435.88N/AN/A3,4122,18846,74552,598
2021-08-06$42.81$36.0050.4%14.9%43.2%2.9%51.7%4.1%-0.7%2.5M-88.4M-459.9K0.5635.99N/AN/A3,0961,72747,43953,133
2021-08-09$40.53$37.0050.6%14.9%47.9%3.2%54.5%4.8%0.8%944.7K-47.0M-447.9K2.5930.33N/AN/A2,0875,39641,54249,267
2021-08-10$40.84$37.0050.5%14.8%46.4%3.0%56.7%3.4%1.0%1.0M-50.5M-441.3K1.7930.08N/AN/A1,4662,62442,38349,828
2021-08-11$41.01$37.0049.1%14.6%46.0%1.1%51.6%2.6%1.8%1.1M-53.0M-443.9K1.3624.49N/AN/A1,0251,39843,20651,754
2021-08-12$40.23$37.0050.0%14.6%46.4%2.4%51.6%1.6%1.4%838.3K-41.1M-431.9K3.9940.02N/AN/A1,0564,21143,58650,588
2021-08-13$38.76$37.0048.6%14.3%48.3%0.5%50.1%2.7%1.7%56.3K-19.8M-421.5K2.9038.80N/AN/A1,9925,77843,84150,097
2021-08-16$38.95$37.0050.2%14.5%48.0%2.6%54.7%3.0%-0.9%560.6K-26.2M-411.1K0.8534.46N/AN/A2,1031,79641,46447,608
2021-08-17$37.33$37.0052.1%15.0%44.1%5.3%52.6%4.8%-0.1%21.3K-6.7M-394.5K0.3729.56N/AN/A4,0521,49842,21148,424
2021-08-18$36.47$37.0051.5%14.8%44.5%4.4%51.6%4.1%0.3%-293.9K4.9M-378.3K0.8126.76N/AN/A1,3371,08943,18549,606
2021-08-19$36.13$36.0053.0%15.2%44.2%6.5%53.2%3.7%1.1%-422.6K4.9M-379.2K0.8729.20N/AN/A1,5771,36745,61650,517
2021-08-20$36.75$37.0051.3%14.7%44.8%4.1%52.7%3.8%0.1%13.2K-1.1M-382.9K0.4439.63N/AN/A5,4092,40646,18050,912
2021-08-23$37.24$37.0050.5%14.6%45.1%3.1%51.1%6.4%0.2%223.9K-13.7M-379.0K0.7219.15N/AN/A5,8894,21339,77845,942
2021-08-24$39.75$36.0051.6%14.8%50.9%4.6%52.6%2.7%0.3%1.3M-46.4M-384.4K0.7440.39N/AN/A7,4705,49142,57046,740
2021-08-25$39.97$37.0051.1%14.6%50.9%4.0%52.0%1.1%-0.6%2.0M-57.2M-396.5K0.6222.33N/AN/A3,6562,25946,33747,572
2021-08-26$38.93$37.5051.9%14.9%51.2%4.9%52.8%1.6%0.4%2.0M-39.4M-410.6K1.0726.80N/AN/A2,7252,91149,79151,039
2021-08-27$39.87$38.0050.7%14.0%51.9%3.4%51.2%1.5%0.7%1.2M-53.1M-417.6K0.6322.19N/AN/A2,3541,49250,50852,304
2021-08-30$40.26$38.0050.3%14.4%51.0%2.7%52.4%0.2%-0.9%920.9K-50.0M-402.1K0.7335.86N/AN/A2,3901,73745,88351,461
2021-08-31$39.85$38.0049.9%14.2%50.9%2.2%50.5%-0.9%0.7%806.3K-42.7M-396.8K0.9214.81N/AN/A1,3471,24446,07252,205