CWH Options History — March 2022

In March 2022, CWH traded between $27.83 and $32.28. ATM implied volatility averaged 57.5%, placing in the 49.5% IV rank vs the trailing year. The 30-day expected move averaged 18.1%. IV traded below realized volatility by 1.8% (HV 20d: 59.3%). Max pain ranged from $25.00 to $36.00. Net GEX was positive for 7 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 0.76.

Notable Days

2022-03-23: Highest Volume — 26,970 contracts
2022-03-16: Largest IV drop — 10.5% change
2022-03-14: Highest IV Rank — 82.9%
2022-03-07: Largest Expected Move — 20.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.15	$27.83	$32.28	$31.47	$27.83
Max Pain	$30.91	$25.00	$36.00	$32.00	$29.00
ATM IV	57.5%	49.0%	68.0%	58.8%	54.4%
Expected Move	18.1%	16.4%	20.9%	18.7%	17.4%
HV 20d	59.3%	50.8%	67.1%	57.0%	57.7%
HV 60d	49.7%	46.3%	53.5%	46.3%	53.5%
IV Rank	49.5%	24.0%	82.9%	50.6%	40.7%
IV Percentile	57.5%	17.9%	92.9%	63.5%	50.4%
Term Structure	2.0%	-3.0%	11.6%	-0.5%	10.4%
VWIV	64.7%	54.1%	90.1%	67.6%	57.0%
Skew 25d	4.6%	0.4%	8.3%	2.3%	0.4%
Skew 10d	9.7%	2.9%	15.8%	6.7%	2.9%
Call IV 25d	56.7%	47.4%	67.8%	60.2%	55.7%
Put IV 25d	61.3%	51.5%	71.6%	62.5%	56.0%
Bid-Ask Spread %	26.87	13.26	55.81	30.53	20.04
Gamma HHI	0.15	0.10	0.27	0.12	0.14
Net GEX	-206.4K	-1.2M	643.9K	587.4K	-1.1M
Net DEX	21.5M	-8.4M	46.2M	-2.5M	46.2M
Net VEX	-289.8K	-355.2K	-225.3K	-255.3K	-307.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.76	0.19	1.95	0.38	0.48
Total Volume	12,928.565	5,855	26,970	15,117	9,877
Total OI	80,466.348	56,969	91,185	77,892	89,326

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-03-01	$31.47	$32.00	58.8%	18.7%	57.0%	50.6%	67.6%	2.3%	-0.5%	587.4K	-2.5M	-255.3K	0.38	30.53	N/A	N/A	10,959	4,158	44,353	33,539
2022-03-02	$32.28	$32.00	55.8%	17.0%	55.7%	42.1%	60.2%	4.1%	1.0%	643.9K	-8.4M	-252.9K	0.35	27.27	N/A	N/A	7,777	2,746	45,381	35,340
2022-03-03	$31.36	$32.00	58.1%	17.4%	56.4%	48.7%	61.1%	3.7%	-1.7%	5.6K	5.1M	-239.0K	0.55	22.10	N/A	N/A	3,775	2,080	46,314	35,773
2022-03-04	$30.51	$32.00	61.0%	18.0%	56.7%	57.2%	57.5%	5.0%	0.1%	-464.9K	15.4M	-225.3K	1.51	52.03	N/A	N/A	4,841	7,309	46,427	36,016
2022-03-07	$28.59	$32.00	66.5%	20.9%	60.6%	73.2%	78.7%	3.9%	-0.8%	-153.5K	39.4M	-233.2K	0.55	24.12	N/A	N/A	8,137	4,471	36,063	36,206
2022-03-08	$29.44	$32.00	64.7%	19.9%	61.5%	72.6%	76.6%	0.5%	2.0%	-33.5K	28.6M	-251.2K	0.89	47.31	N/A	N/A	4,446	3,970	40,781	39,091
2022-03-09	$30.99	$32.00	62.0%	19.0%	63.6%	64.3%	61.9%	3.9%	-1.8%	93.6K	12.5M	-264.4K	0.19	47.42	N/A	N/A	12,455	2,309	40,806	40,465
2022-03-10	$30.68	$32.00	61.9%	18.0%	63.3%	64.1%	63.2%	4.5%	0.3%	-300.8K	16.2M	-260.4K	0.42	55.81	N/A	N/A	14,665	6,133	41,544	41,082
2022-03-11	$30.13	$32.00	64.1%	18.6%	62.0%	70.9%	90.1%	5.8%	2.2%	-1.2M	32.5M	-292.3K	0.23	52.49	N/A	N/A	12,963	2,923	38,117	45,470
2022-03-14	$29.50	$36.00	68.0%	20.1%	62.3%	82.9%	71.6%	6.8%	-2.3%	-360.2K	35.5M	-277.7K	0.25	19.02	N/A	N/A	10,617	2,641	36,144	40,847
2022-03-15	$30.00	$36.00	64.6%	19.5%	62.7%	72.2%	70.0%	8.3%	-3.0%	-291.7K	30.2M	-284.0K	0.82	24.64	N/A	N/A	10,003	8,236	37,765	41,080
2022-03-16	$30.70	$36.00	57.8%	17.3%	63.2%	51.1%	62.9%	6.9%	-0.2%	-214.1K	22.9M	-301.4K	1.08	33.74	N/A	N/A	5,448	5,875	38,575	42,196
2022-03-17	$30.68	$0.00	54.9%	17.8%	63.2%	42.2%	62.5%	6.2%	-1.1%	80.3K	22.6M	-303.3K	1.10	17.10	N/A	N/A	3,691	4,074	39,549	42,137
2022-03-18	$31.38	$35.00	50.3%	17.1%	63.7%	28.1%	65.3%	6.7%	1.2%	-91.2K	12.8M	-300.6K	0.52	14.00	N/A	N/A	7,724	4,005	39,682	41,894
2022-03-21	$30.01	$25.00	52.4%	17.3%	65.4%	34.4%	59.0%	3.8%	1.3%	-324.2K	18.8M	-295.2K	1.09	15.35	N/A	N/A	12,799	13,929	23,654	33,315
2022-03-22	$31.17	$25.00	49.0%	16.4%	67.1%	24.0%	57.1%	4.0%	0.5%	309.2K	6.5M	-319.1K	0.61	13.26	N/A	N/A	6,338	3,884	33,005	37,717
2022-03-23	$29.65	$25.00	52.2%	18.2%	54.5%	33.7%	64.5%	5.6%	2.0%	-228.1K	22.6M	-310.9K	1.95	17.78	N/A	N/A	9,134	17,836	35,381	38,779
2022-03-24	$29.90	$29.00	52.3%	17.9%	50.8%	34.1%	63.9%	2.8%	2.0%	-1.2M	24.7M	-355.2K	0.62	13.88	N/A	N/A	5,040	3,149	41,327	49,260
2022-03-25	$28.90	$29.00	52.9%	17.9%	52.2%	36.1%	62.6%	5.0%	5.3%	-144.7K	43.4M	-336.0K	1.92	18.19	N/A	N/A	3,998	7,678	41,843	49,342
2022-03-28	$28.70	$29.00	54.4%	17.4%	51.7%	40.5%	61.7%	5.1%	6.4%	-524.4K	32.1M	-324.7K	0.56	16.07	N/A	N/A	4,632	2,594	39,936	42,719
2022-03-29	$30.50	$29.00	53.3%	17.3%	55.2%	37.2%	59.5%	7.0%	10.9%	507.6K	8.9M	-347.9K	0.39	18.18	N/A	N/A	7,307	2,850	41,505	43,303
2022-03-30	$29.07	$29.00	53.1%	17.2%	56.6%	36.5%	54.1%	4.4%	11.6%	-300.2K	28.7M	-327.7K	0.90	17.71	N/A	N/A	4,138	3,743	43,451	44,226
2022-03-31	$27.83	$29.00	54.4%	17.4%	57.7%	40.7%	57.0%	0.4%	10.4%	-1.1M	46.2M	-307.7K	0.48	20.04	N/A	N/A	6,652	3,225	43,598	45,728