CWH Options History — January 2023

In January 2023, CWH traded between $22.16 and $25.82. ATM implied volatility averaged 50.1%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 3.7% (HV 20d: 46.4%). Max pain ranged from $23.00 to $26.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 1.18.

Notable Days

  • 2023-01-18: Highest Volume — 24,160 contracts
  • 2023-01-13: Largest IV drop — 11.2% change
  • 2023-01-31: Highest IV Rank — 27.3%
  • 2023-01-03: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.36$22.16$25.82$22.16$25.21
Max Pain$23.90$23.00$26.00$26.00$24.00
ATM IV50.1%43.0%54.9%53.9%54.9%
Expected Move13.8%12.7%15.4%15.4%13.6%
HV 20d46.4%41.0%54.1%52.8%41.6%
HV 60d50.6%46.2%52.1%50.9%46.2%
IV Rank16.4%0.0%27.3%25.8%27.3%
IV Percentile14.7%0.0%36.9%31.7%36.9%
Term Structure1.3%-6.5%6.6%-1.7%-6.5%
VWIV49.2%45.1%54.5%54.1%48.6%
Skew 25d7.8%5.7%11.3%6.2%9.7%
Skew 10d14.1%5.1%22.9%7.2%15.8%
Call IV 25d46.6%39.9%52.8%52.8%50.1%
Put IV 25d54.4%46.6%59.8%59.0%59.8%
Bid-Ask Spread %49.6536.0262.7862.7843.15
Gamma HHI0.110.080.140.080.11
Net GEX-12.6K-706.6K595.7K-290.9K17.4K
Net DEX8.8M-4.7M29.4M18.9M2.5M
Net VEX-126.9K-141.5K-103.6K-103.6K-131.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.168.360.820.58
Total Volume3,974.3569124,1603,1551,834
Total OI51,021.942,76072,17245,08144,337

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$22.16$26.0053.9%15.4%52.8%25.8%54.1%6.2%-1.7%-290.9K18.9M-103.6K0.8262.78N/AN/A1,7351,42022,29022,791
2023-01-04$23.27$26.0052.4%14.6%48.9%22.5%51.6%6.4%0.9%-16.2K12.9M-115.1K0.7060.30N/AN/A1,22885423,78923,683
2023-01-05$23.27$23.0051.9%14.7%48.2%21.1%52.1%7.3%0.7%124.8K12.8M-115.1K0.9936.44N/AN/A34834324,60023,997
2023-01-06$24.24$23.0049.7%14.3%48.2%15.0%49.7%7.5%-0.2%124.3K6.3M-117.9K0.4843.09N/AN/A2,08999324,83724,131
2023-01-09$25.11$23.0049.3%14.3%49.7%14.0%49.1%7.9%0.4%340.7K1.2M-127.9K0.3747.86N/AN/A1,75664525,86323,871
2023-01-10$25.23$23.0049.6%14.1%49.4%14.7%51.1%7.9%-0.3%505.5K-644.5K-129.6K0.6046.58N/AN/A1,29678127,10124,143
2023-01-11$25.68$23.0047.8%13.7%47.5%10.5%49.5%6.7%-0.1%540.0K-4.7M-131.7K0.6538.07N/AN/A89558227,29724,344
2023-01-12$25.43$23.0048.4%13.5%46.4%11.9%50.1%7.6%-1.2%566.3K-2.1M-127.6K0.2047.60N/AN/A1,94138327,30024,398
2023-01-13$25.82$24.0043.0%12.7%46.6%0.0%48.9%6.7%1.7%595.7K-4.4M-126.0K0.8652.48N/AN/A75665027,29624,618
2023-01-17$25.70$24.0046.6%13.4%45.2%8.4%45.6%8.8%3.7%260.6K-1.1M-122.7K0.9856.07N/AN/A5,5025,39426,14424,145
2023-01-18$23.73$24.0050.8%14.6%54.1%18.0%54.5%8.1%1.6%-362.4K19.6M-116.5K2.8950.64N/AN/A6,20617,95430,28328,116
2023-01-19$23.55$24.0049.8%14.0%48.0%15.5%46.4%8.0%6.6%-706.6K29.4M-141.5K0.5556.18N/AN/A3,9442,18332,99439,178
2023-01-20$23.77$24.0048.3%13.4%46.4%12.1%49.6%9.0%4.9%-628.1K27.3M-138.0K1.0948.78N/AN/A1,0331,13033,04838,769
2023-01-23$23.88$24.0048.0%13.5%45.9%11.4%45.8%5.7%6.2%-312.0K12.6M-133.6K0.9036.02N/AN/A1,5911,43719,09326,507
2023-01-24$23.75$24.0050.8%13.5%43.7%17.9%47.7%6.7%0.5%-176.1K12.5M-134.2K0.1662.20N/AN/A2,11433720,26526,425
2023-01-25$24.23$24.0049.7%13.2%42.3%15.3%46.8%8.9%1.7%-113.8K9.0M-133.1K1.0253.29N/AN/A1,1971,21920,15626,486
2023-01-26$24.24$24.0051.7%13.3%41.6%20.0%50.4%7.2%3.2%-59.5K9.0M-131.8K8.3646.61N/AN/A4263,56020,29026,653
2023-01-27$24.41$24.0052.4%13.0%41.2%21.6%45.1%11.3%6.5%-378.7K7.6M-132.8K1.0357.51N/AN/A81183720,42428,016
2023-01-30$24.52$24.0054.0%13.7%41.0%25.2%47.6%7.6%-3.1%-283.0K8.0M-128.6K0.3947.37N/AN/A1,50457917,82124,939
2023-01-31$25.21$24.0054.9%13.6%41.6%27.3%48.6%9.7%-6.5%17.4K2.5M-131.2K0.5843.15N/AN/A1,15967519,05225,285