CWH Options History — February 2023

In February 2023, CWH traded between $23.02 and $26.59. ATM implied volatility averaged 54.0%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded above realized volatility by 17.7% (HV 20d: 36.3%). Max pain ranged from $24.00 to $26.00. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 2.30.

Notable Days

  • 2023-02-22: Highest Volume — 12,525 contracts
  • 2023-02-22: Largest IV drop — 20.0% change
  • 2023-02-21: Highest IV Rank — 46.2%
  • 2023-02-21: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.09$23.02$26.59$25.94$23.02
Max Pain$25.89$24.00$26.00$24.00$26.00
ATM IV54.0%44.9%63.1%52.8%47.3%
Expected Move15.7%12.7%19.6%12.7%14.4%
HV 20d36.3%24.0%42.1%42.1%38.7%
HV 60d45.1%43.5%46.8%46.2%45.1%
IV Rank25.2%4.4%46.2%22.4%10.0%
IV Percentile31.9%0.8%62.3%28.6%3.2%
Term Structure-1.2%-6.7%3.7%-6.7%-0.5%
VWIV55.9%48.3%67.8%48.3%51.9%
Skew 25d7.6%2.9%10.9%9.8%3.2%
Skew 10d11.5%-1.7%26.0%4.8%7.9%
Call IV 25d50.7%43.6%58.4%49.8%45.1%
Put IV 25d58.3%48.3%64.7%59.6%48.3%
Bid-Ask Spread %53.8334.1266.6454.1556.92
Gamma HHI0.150.100.370.100.19
Net GEX-347.8K-1.8M1.4M259.9K-1.1M
Net DEX8.4M-10.7M31.4M-3.2M23.5M
Net VEX-127.8K-139.2K-106.5K-134.5K-107.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.300.265.850.751.59
Total Volume3,552.63269812,5251,7481,556
Total OI50,139.26345,35959,68645,35946,638

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$25.94$24.0052.8%12.7%42.1%22.4%48.3%9.8%-6.7%259.9K-3.2M-134.5K0.7554.15N/AN/A1,00174719,74725,612
2023-02-02$26.59$26.0052.8%15.0%39.8%22.5%51.5%7.5%-4.2%282.1K-8.6M-138.8K0.2653.04N/AN/A2,83972820,09825,711
2023-02-03$26.59$26.0053.1%14.8%39.8%23.1%52.4%6.3%-5.8%232.0K-10.7M-139.2K0.5552.18N/AN/A1,19865721,51925,964
2023-02-06$26.55$26.0053.3%15.3%37.7%23.7%56.6%6.7%1.0%203.3K-7.1M-134.5K2.1938.79N/AN/A7251,59020,47825,055
2023-02-07$26.38$26.0053.1%16.0%36.1%23.2%57.4%10.9%3.7%220.8K-5.7M-135.0K4.2344.99N/AN/A2661,12421,05626,113
2023-02-08$25.98$26.0054.4%16.2%36.6%26.2%59.2%9.4%2.6%138.3K-1.2M-138.2K1.4451.66N/AN/A28641221,16726,917
2023-02-09$25.21$26.0056.4%16.8%37.7%30.7%57.9%10.2%3.2%-68.0K6.1M-135.4K0.8252.78N/AN/A81466721,21227,044
2023-02-10$25.02$26.0057.5%16.6%37.7%33.2%56.4%8.1%0.5%-120.5K6.5M-135.1K0.9357.51N/AN/A53850121,77527,426
2023-02-13$25.27$26.0057.8%16.4%37.4%33.9%58.0%10.5%-1.3%-126.4K4.8M-126.7K5.1356.75N/AN/A9164,69521,12126,963
2023-02-14$25.05$26.0058.4%16.7%37.5%35.2%59.1%8.8%-2.5%-914.9K10.8M-127.6K5.8553.33N/AN/A6833,99421,56830,888
2023-02-15$25.52$26.0053.8%15.4%24.0%24.8%56.7%8.9%-0.3%-1.0M5.5M-127.2K1.0557.76N/AN/A75278821,66232,226
2023-02-16$26.13$26.0060.0%17.4%24.7%39.0%60.8%9.8%-3.9%285.8K-3.7M-131.8K2.9542.36N/AN/A1,7015,01821,96032,449
2023-02-17$25.88$26.0059.1%17.3%25.1%37.0%62.3%8.3%-3.7%1.4M5.5M-135.1K1.5361.12N/AN/A1,1901,82122,65837,028
2023-02-21$23.88$26.0063.1%19.6%39.2%46.2%67.8%6.3%-1.5%-792.0K23.4M-126.3K2.3534.12N/AN/A2,7876,54319,28930,036
2023-02-22$23.58$26.0050.5%15.4%39.4%17.3%54.2%2.9%0.2%-1.2M30.0M-122.0K3.5759.63N/AN/A2,7409,78520,68833,862
2023-02-23$23.55$26.0044.9%13.4%38.7%4.4%48.8%6.6%-1.6%-1.8M31.4M-113.1K3.1366.64N/AN/A1,0493,27921,34633,999
2023-02-24$23.45$26.0048.6%14.2%38.7%12.9%52.4%5.3%-0.5%-1.4M31.2M-113.4K4.9265.36N/AN/A4382,15521,59133,981
2023-02-27$23.13$26.0048.8%14.5%38.7%13.2%49.4%4.8%-1.2%-1.2M21.4M-106.5K0.4863.64N/AN/A1,02449318,76727,032
2023-02-28$23.02$26.0047.3%14.4%38.7%10.0%51.9%3.2%-0.5%-1.1M23.5M-107.2K1.5956.92N/AN/A60095619,32227,316