CWH Options History — March 2023

In March 2023, CWH traded between $19.05 and $23.06. ATM implied volatility averaged 47.7%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 11.4% (HV 20d: 36.3%). Max pain ranged from $23.00 to $25.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 1.60.

Notable Days

  • 2023-03-15: Highest Volume — 19,169 contracts
  • 2023-03-23: Largest IV spike — 12.5% change
  • 2023-03-23: Highest IV Rank — 23.7%
  • 2023-03-23: Largest Expected Move — 15.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.01$19.05$23.06$22.49$20.76
Max Pain$23.61$23.00$25.00$25.00$23.00
ATM IV47.7%42.6%53.0%47.3%45.8%
Expected Move13.6%12.1%15.3%14.1%12.1%
HV 20d36.3%30.7%40.0%37.5%40.0%
HV 60d40.6%38.6%45.3%45.3%39.1%
IV Rank11.4%0.0%23.7%9.9%7.2%
IV Percentile11.6%0.0%38.1%3.2%3.6%
Term Structure2.0%-2.6%11.0%0.1%7.9%
VWIV46.6%39.0%51.5%49.3%42.6%
Skew 25d7.0%2.1%10.8%4.8%9.0%
Skew 10d12.9%-3.2%32.1%-3.2%16.3%
Call IV 25d45.3%39.2%49.2%45.2%39.2%
Put IV 25d52.3%45.0%59.2%50.0%48.1%
Bid-Ask Spread %54.8230.7368.7459.4157.72
Gamma HHI0.230.120.650.230.13
Net GEX-933.1K-1.9M-235.1K-1.4M-306.0K
Net DEX24.6M14.4M34.2M27.2M14.4M
Net VEX-109.6K-135.1K-86.4K-98.2K-133.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.600.408.981.270.94
Total Volume2,900.08782819,1691,5442,042
Total OI45,964.08738,27954,94747,36142,472

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$22.49$25.0047.3%14.1%37.5%9.9%49.3%4.8%0.1%-1.4M27.2M-98.2K1.2759.41N/AN/A68186319,57727,784
2023-03-02$22.45$25.0046.0%13.6%35.3%6.9%49.2%4.9%-0.1%-1.5M28.0M-96.8K0.8962.03N/AN/A1,01990919,86528,260
2023-03-03$23.06$25.0043.1%12.9%35.5%0.2%45.5%4.0%-1.0%-1.6M21.9M-101.2K1.0753.99N/AN/A1,0561,12820,26028,749
2023-03-06$22.96$25.0042.6%12.2%35.5%0.0%43.2%2.1%1.7%-1.6M22.2M-95.3K1.3338.42N/AN/A9221,22319,65927,469
2023-03-07$22.61$24.0042.8%12.2%35.5%0.3%43.0%3.2%0.1%-1.8M25.1M-93.3K2.6056.40N/AN/A4421,14920,09628,322
2023-03-08$22.32$24.0042.9%12.1%35.5%0.5%39.0%3.4%1.8%-1.9M29.7M-91.3K0.9256.41N/AN/A99191220,20829,136
2023-03-09$22.48$25.0044.7%12.8%35.8%4.6%44.8%4.0%0.3%-1.9M25.8M-92.9K1.2254.64N/AN/A8461,02920,82329,561
2023-03-10$21.96$24.0045.7%13.1%35.3%7.0%45.9%3.0%2.2%-1.9M30.5M-86.4K1.1957.62N/AN/A1,5041,78321,29829,295
2023-03-13$20.91$24.0050.8%14.7%38.4%18.7%49.0%8.6%1.6%-1.2M33.8M-91.5K2.4149.97N/AN/A1,0802,59820,57128,293
2023-03-14$20.79$23.0049.6%14.3%37.8%15.8%50.1%8.4%0.3%-1.1M34.2M-88.7K3.2258.45N/AN/A9823,16121,20628,010
2023-03-15$20.57$23.0050.6%14.2%37.8%18.2%48.7%7.8%-0.7%-968.3K32.1M-93.6K8.9863.11N/AN/A1,92117,24821,82027,344
2023-03-16$20.98$23.0050.2%13.9%37.9%17.1%47.8%7.3%-1.7%-924.5K29.1M-130.4K1.2260.72N/AN/A1,0181,24223,50630,593
2023-03-17$20.34$23.0051.8%14.9%36.4%20.8%51.5%9.2%0.4%-267.3K32.3M-124.4K2.9561.86N/AN/A8392,47424,21430,733
2023-03-20$20.27$23.0052.4%15.0%36.5%22.2%49.5%9.0%-2.6%-338.0K18.9M-125.0K0.4053.89N/AN/A1,52960415,74722,532
2023-03-21$21.02$23.0047.3%13.5%30.7%10.6%46.2%9.6%-0.6%-310.2K15.8M-135.1K0.4035.75N/AN/A1,13445316,63423,038
2023-03-22$20.13$23.0047.2%13.5%33.3%10.3%44.0%6.8%2.2%-350.6K19.2M-127.7K1.0562.66N/AN/A53956617,28223,302
2023-03-23$19.30$23.0053.0%15.3%35.3%23.7%50.0%10.5%-1.4%-389.2K23.2M-114.8K0.6530.73N/AN/A1,22579617,38923,507
2023-03-24$19.05$23.0051.7%14.8%35.3%20.6%50.9%9.5%-0.8%-471.7K23.2M-113.2K1.6245.75N/AN/A1,1851,91517,80223,515
2023-03-27$19.49$23.0049.8%14.4%37.1%16.2%47.6%10.5%5.9%-378.6K21.8M-116.3K0.8062.45N/AN/A1,4631,17016,85524,124
2023-03-28$19.71$23.0048.1%13.9%37.8%12.4%47.7%6.3%10.4%-289.1K19.6M-124.8K0.6568.54N/AN/A50332517,88223,938
2023-03-29$19.80$23.0046.1%13.1%37.6%8.0%43.1%10.8%8.2%-256.4K19.5M-124.0K0.5341.68N/AN/A55229418,20724,058
2023-03-30$19.88$23.0047.8%12.8%37.7%11.7%43.6%7.9%11.0%-235.1K19.0M-123.7K0.4368.74N/AN/A97141618,27823,960
2023-03-31$20.76$23.0045.8%12.1%40.0%7.2%42.6%9.0%7.9%-306.0K14.4M-133.0K0.9457.72N/AN/A1,05299018,34924,123