CWH Options History — December 2021

In December 2021, CWH traded between $37.10 and $42.51. ATM implied volatility averaged 49.0%, placing in the 5.5% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded above realized volatility by 9.8% (HV 20d: 39.2%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 1.19.

Notable Days

  • 2021-12-10: Highest Volume — 39,768 contracts
  • 2021-12-21: Largest IV drop — 8.7% change
  • 2021-12-03: Highest IV Rank — 17.7%
  • 2021-12-03: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.97$37.10$42.51$42.51$40.62
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV49.0%41.3%58.6%55.1%42.5%
Expected Move14.0%11.1%18.3%16.7%11.4%
HV 20d39.2%33.7%53.9%53.9%33.7%
HV 60d41.6%40.3%42.3%41.6%40.3%
IV Rank5.5%0.0%17.7%12.8%1.6%
IV Percentile16.1%0.0%48.8%38.5%0.8%
Term Structure0.2%-2.2%2.1%0.3%0.8%
VWIV49.6%39.6%63.7%59.2%40.3%
Skew 25d3.2%1.4%6.0%2.2%1.5%
Skew 10d7.4%1.6%14.2%1.6%3.5%
Call IV 25d48.3%40.4%58.1%55.2%42.0%
Put IV 25d51.5%42.9%61.1%57.3%43.5%
Bid-Ask Spread %35.5116.7157.0220.6857.02
Gamma HHI0.090.060.130.070.11
Net GEX386.8K-1.1M1.8M44.3K1.7M
Net DEX-21.3M-49.0M16.3M-41.2M-44.3M
Net VEX-326.9K-365.8K-290.8K-365.8K-329.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.190.144.130.880.75
Total Volume12,919.5453,84639,7685,91010,977
Total OI84,476.90971,09893,74093,40683,572

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$42.51$40.0055.1%16.7%53.9%12.8%59.2%2.2%0.3%44.3K-41.2M-365.8K0.8820.68N/AN/A3,1362,77443,95649,450
2021-12-02$41.42$40.0055.2%16.8%39.3%13.0%59.0%1.8%0.7%-73.9K-25.0M-357.1K0.8236.87N/AN/A2,1101,73644,37449,271
2021-12-03$41.36$40.0058.6%18.3%38.9%17.7%63.7%3.0%0.8%70.9K-23.5M-354.7K2.9931.12N/AN/A2,9978,96644,51449,226
2021-12-06$42.26$40.0054.6%15.5%38.3%12.1%55.6%6.0%0.7%555.2K-44.7M-337.0K0.9944.16N/AN/A2,3772,36142,28539,862
2021-12-07$41.51$40.0051.5%14.9%38.7%7.8%52.1%4.1%0.8%617.1K-35.8M-327.6K4.1324.20N/AN/A2,2519,30443,34239,974
2021-12-08$40.92$40.0051.1%14.1%38.8%7.4%49.7%2.1%0.2%-846.7K-18.1M-324.3K2.0647.03N/AN/A1,9193,95143,83544,076
2021-12-09$40.54$40.0049.0%14.2%38.5%4.5%49.0%4.5%1.0%-1.1M-9.4M-315.1K1.7916.71N/AN/A3,5526,37144,22244,663
2021-12-10$39.20$40.0047.4%13.5%39.5%2.2%44.4%3.2%1.2%-574.4K16.3M-290.8K0.2032.98N/AN/A33,1056,66344,27945,515
2021-12-13$38.69$40.0049.1%13.9%39.5%4.5%54.1%2.8%-0.8%87.2K-5.3M-309.4K0.1837.10N/AN/A19,1353,50242,12538,918
2021-12-14$38.20$40.0049.5%13.8%39.0%5.1%50.1%2.1%-0.9%-87.9K-1.1M-299.4K0.1443.91N/AN/A18,9732,74342,80839,534
2021-12-15$39.28$40.0049.8%14.2%38.9%5.5%50.4%3.4%-0.7%433.0K-14.5M-308.4K0.8950.97N/AN/A13,35011,93643,72739,738
2021-12-16$38.02$40.0050.2%14.3%40.1%6.1%52.3%1.4%-0.3%-516.3K6.5M-320.0K0.9643.41N/AN/A5,9945,77547,48043,662
2021-12-17$38.53$40.0049.6%13.9%39.9%5.2%48.7%4.5%-2.2%523.1K-7.3M-315.6K0.7250.44N/AN/A8,1775,85948,16544,068
2021-12-20$37.10$40.0053.4%15.2%40.7%10.5%52.9%4.7%-0.8%52.4K1.6M-298.2K1.2034.44N/AN/A5,6996,82937,13733,961
2021-12-21$38.15$40.0048.8%14.0%39.4%4.1%49.3%2.2%-0.9%303.2K-10.7M-317.8K1.2420.70N/AN/A5,8997,33138,98935,691
2021-12-22$38.82$40.0047.1%13.5%40.2%1.8%47.3%4.5%0.4%555.5K-16.5M-334.8K1.2027.03N/AN/A5,2126,27540,62637,704
2021-12-23$39.54$40.0044.9%12.9%36.4%0.0%45.0%2.7%-0.6%1.1M-27.5M-344.4K1.3824.94N/AN/A4,0615,62442,19839,046
2021-12-27$39.79$40.0044.4%12.6%36.5%0.0%44.7%4.0%1.2%856.6K-26.8M-331.7K0.8226.30N/AN/A5,5824,59541,09838,385
2021-12-28$41.10$40.0042.4%12.3%38.4%0.0%42.8%3.3%0.3%1.4M-49.0M-341.3K0.9236.72N/AN/A4,9654,55042,89838,928
2021-12-29$40.89$40.0042.7%11.8%38.4%0.3%42.0%3.0%1.1%1.6M-45.1M-341.6K0.9438.36N/AN/A4,5074,23843,04839,162
2021-12-30$40.85$40.0041.3%11.1%34.8%0.0%39.6%2.5%2.1%1.8M-47.3M-327.0K0.8936.10N/AN/A4,6824,18743,86439,116
2021-12-31$40.62$40.0042.5%11.4%33.7%1.6%40.3%1.5%0.8%1.7M-44.3M-329.0K0.7557.02N/AN/A6,2674,71044,45039,122