CWH Options History — January 2022

In January 2022, CWH traded between $31.59 and $40.56. ATM implied volatility averaged 52.2%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded above realized volatility by 14.9% (HV 20d: 37.3%). Max pain ranged from $34.00 to $40.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 1.78.

Notable Days

  • 2022-01-20: Highest Volume — 23,050 contracts
  • 2022-01-21: Largest IV spike — 15.5% change
  • 2022-01-28: Highest IV Rank — 34.5%
  • 2022-01-24: Largest Expected Move — 19.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.92$31.59$40.56$40.56$32.99
Max Pain$36.40$34.00$40.00$40.00$34.00
ATM IV52.2%42.5%66.6%42.5%62.8%
Expected Move14.8%11.4%19.3%11.4%16.9%
HV 20d37.3%27.4%47.7%33.7%46.3%
HV 60d42.1%39.8%46.3%40.2%40.0%
IV Rank14.6%1.5%34.5%1.5%33.8%
IV Percentile32.0%0.8%78.2%0.8%68.3%
Term Structure1.2%-2.0%6.7%0.7%-2.0%
VWIV51.5%40.0%68.3%40.0%54.1%
Skew 25d4.1%1.9%10.0%3.4%6.7%
Skew 10d7.8%2.1%16.7%5.0%16.7%
Call IV 25d51.8%42.3%69.0%42.3%60.7%
Put IV 25d55.9%44.9%75.0%45.7%67.4%
Bid-Ask Spread %24.3410.2348.9148.9123.73
Gamma HHI0.120.070.250.100.19
Net GEX-258.4K-1.5M1.3M1.3M-358.7K
Net DEX12.9M-39.7M76.0M-39.7M16.1M
Net VEX-286.0K-322.5K-235.5K-322.5K-289.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.780.864.790.861.01
Total Volume11,470.656,84423,05011,3636,844
Total OI84,927.467,693108,02080,98668,977

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-01-03$40.56$40.0042.5%11.4%33.7%1.5%40.0%3.4%0.7%1.3M-39.7M-322.5K0.8648.91N/AN/A6,1205,24343,17737,809
2022-01-04$39.10$40.0042.5%11.7%34.8%1.6%40.6%1.9%0.4%610.5K-19.1M-311.6K0.8838.02N/AN/A5,5384,85943,46338,688
2022-01-05$38.99$40.0044.0%11.9%34.4%3.5%42.7%2.6%1.6%495.2K-15.9M-311.5K1.1329.05N/AN/A4,5805,17043,89439,361
2022-01-06$39.21$37.0043.9%13.1%34.3%3.4%48.1%2.6%-0.5%579.8K-20.3M-311.8K2.0026.72N/AN/A3,1786,35244,50539,874
2022-01-07$38.53$37.0044.2%13.2%34.6%3.7%46.4%2.4%0.4%-49.7K-3.2M-307.6K2.2310.23N/AN/A3,4607,72744,64441,951
2022-01-10$37.93$37.0046.1%13.5%33.0%6.2%47.8%2.5%0.9%152.9K-447.0K-288.2K1.7413.85N/AN/A3,9026,78543,09540,141
2022-01-11$37.59$37.0043.7%12.9%32.9%3.1%45.5%3.0%0.7%-351.2K7.2M-280.8K1.4411.59N/AN/A4,0065,77543,96542,870
2022-01-12$37.63$37.0043.2%12.4%32.6%2.5%44.4%3.3%-0.1%-491.7K4.9M-281.9K1.8414.25N/AN/A2,5764,74944,22144,393
2022-01-13$37.79$37.0044.7%13.1%30.9%4.5%45.7%3.1%1.2%-297.4K3.5M-278.8K1.0426.89N/AN/A7,8828,20044,69544,621
2022-01-14$37.01$37.0046.8%13.7%29.6%7.1%47.9%5.4%1.4%-1.5M11.0M-294.0K1.1312.72N/AN/A7,5098,47448,84448,036
2022-01-18$36.07$37.0050.9%14.6%30.3%12.5%51.0%2.4%4.8%-912.2K20.9M-282.7K2.0214.60N/AN/A3,3296,70950,26445,994
2022-01-19$36.08$37.0049.7%14.3%27.4%11.0%50.7%2.7%5.6%-1.3M22.0M-283.1K2.0623.69N/AN/A2,3494,83950,96248,124
2022-01-20$32.89$37.0051.8%14.5%40.5%13.7%51.6%2.6%5.8%-802.0K65.2M-235.5K2.7127.83N/AN/A6,21516,83551,24948,745
2022-01-21$31.59$34.0059.8%16.6%41.0%24.1%57.8%5.0%6.7%-611.1K76.0M-247.3K1.5622.69N/AN/A8,27112,91054,58153,439
2022-01-24$33.65$34.0065.3%19.3%47.7%31.3%68.3%3.9%-0.8%-209.2K17.4M-286.4K1.1517.00N/AN/A5,8546,71934,89032,803
2022-01-25$33.26$34.0064.9%18.6%47.4%30.7%63.4%7.2%0.7%-168.2K21.3M-288.9K1.7832.23N/AN/A2,7444,88937,26235,159
2022-01-26$32.56$34.0063.9%17.7%45.0%29.5%57.8%8.2%-0.9%-338.8K29.0M-277.5K1.9234.15N/AN/A2,5774,95038,08535,744
2022-01-27$32.54$34.0066.6%18.0%45.1%33.0%62.7%10.0%-1.2%-405.5K30.9M-271.9K2.3824.36N/AN/A2,0724,93738,72036,154
2022-01-28$32.35$34.0066.4%18.2%45.0%34.5%62.8%2.8%-1.2%-474.8K32.3M-268.2K4.7934.32N/AN/A2,46911,81638,99136,158
2022-01-31$32.99$34.0062.8%16.9%46.3%33.8%54.1%6.7%-2.0%-358.7K16.1M-289.5K1.0123.73N/AN/A3,4003,44434,13234,845