CWH Options History — April 2023

In April 2023, CWH traded between $19.45 and $22.30. ATM implied volatility averaged 50.8%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 8.6% (HV 20d: 42.2%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 7 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.93.

Notable Days

  • 2023-04-20: Highest Volume — 7,689 contracts
  • 2023-04-04: Largest IV spike — 4.8% change
  • 2023-04-14: Highest IV Rank — 23.0%
  • 2023-04-26: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.23$19.45$22.30$20.49$22.30
Max Pain$20.84$20.00$22.50$22.50$20.00
ATM IV50.8%48.2%52.8%50.3%49.4%
Expected Move14.3%12.4%15.9%12.5%14.8%
HV 20d42.2%36.6%46.6%40.1%38.2%
HV 60d38.7%37.5%40.8%39.1%37.6%
IV Rank18.5%12.7%23.0%17.3%15.3%
IV Percentile25.9%10.3%40.5%20.2%17.1%
Term Structure-0.7%-4.7%1.7%1.7%0.2%
VWIV50.8%40.7%56.0%40.7%52.6%
Skew 25d7.2%3.9%9.8%8.2%6.7%
Skew 10d19.2%3.6%47.3%36.8%6.6%
Call IV 25d48.7%45.8%51.5%49.4%46.1%
Put IV 25d55.8%52.0%59.9%57.7%52.9%
Bid-Ask Spread %38.4516.4671.7470.0224.03
Gamma HHI0.230.100.730.130.14
Net GEX173.9K-653.1K3.4M-257.3K-236.4K
Net DEX9.8M-3.2M20.4M16.4M2.8M
Net VEX-139.7K-157.1K-117.6K-127.4K-157.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.104.320.510.37
Total Volume2,952.3164247,6891,0601,420
Total OI47,009.31640,21455,76940,21451,248

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$20.49$22.5050.3%12.5%40.1%17.3%40.7%8.2%1.7%-257.3K16.4M-127.4K0.5170.02N/AN/A70335717,47322,741
2023-04-04$19.45$22.5052.7%13.1%43.3%22.8%45.2%8.7%1.3%-305.6K20.4M-117.6K1.7171.74N/AN/A6031,03417,91722,951
2023-04-05$19.73$22.0051.7%12.4%43.9%20.5%44.5%8.1%-1.2%-320.4K19.7M-123.5K1.1165.90N/AN/A38242518,10923,696
2023-04-06$20.12$21.0051.8%14.7%44.6%20.7%50.9%7.2%1.7%-268.5K17.7M-128.6K0.4630.09N/AN/A83638618,26523,983
2023-04-10$20.62$21.0051.8%14.5%45.3%20.8%51.5%9.5%-1.3%-317.5K16.0M-129.5K0.5040.52N/AN/A86643017,85223,663
2023-04-11$21.64$21.0052.1%14.8%45.4%21.6%51.8%3.9%0.3%-190.3K9.2M-141.4K0.1436.43N/AN/A4,79567918,59223,905
2023-04-12$21.04$21.0052.2%14.7%46.6%21.7%53.7%9.8%-1.5%51.4K11.9M-135.7K0.7344.27N/AN/A59143122,20724,456
2023-04-13$21.05$21.0051.7%14.6%46.4%20.5%51.6%7.7%-0.7%78.7K11.6M-136.0K2.1937.99N/AN/A13329122,44324,631
2023-04-14$20.96$21.0052.8%14.4%45.9%23.0%50.1%5.0%-4.7%310.9K13.3M-130.9K0.2135.01N/AN/A1,40828922,50024,779
2023-04-17$21.46$21.0051.4%14.5%45.1%20.0%50.9%7.4%0.4%-54.1K9.8M-133.4K0.1021.11N/AN/A4,57347320,04923,950
2023-04-18$21.51$21.0049.9%14.2%45.0%16.6%50.8%7.8%-2.3%433.3K6.8M-139.4K0.7617.08N/AN/A2,0261,53223,90124,203
2023-04-19$22.09$21.0049.6%14.2%44.2%15.8%53.2%6.8%-2.7%808.7K-2.6M-145.7K0.2831.47N/AN/A3,42794826,64325,492
2023-04-20$21.91$20.0048.9%14.1%41.0%14.3%49.2%7.1%-1.6%1.7M-3.2M-147.3K0.1517.74N/AN/A6,70698329,64026,129
2023-04-21$21.94$20.0048.2%13.9%37.2%12.7%52.6%6.8%-0.0%3.4M-917.4K-148.6K2.3716.46N/AN/A9292,19928,11326,777
2023-04-24$21.70$20.0049.0%14.2%37.1%14.6%50.9%6.2%-2.2%-186.5K8.9M-147.4K4.3249.96N/AN/A1,3175,69321,08225,082
2023-04-25$21.81$20.0050.8%15.3%36.6%18.6%54.1%6.8%0.4%-653.1K10.7M-153.5K1.1024.51N/AN/A3,2093,53721,81127,918
2023-04-26$21.51$20.0050.8%15.9%37.2%18.6%55.2%6.4%-0.9%-376.8K11.5M-154.5K0.4849.74N/AN/A57127223,05627,163
2023-04-27$22.13$20.0049.9%15.2%38.1%16.6%56.0%6.0%0.4%-330.3K5.6M-157.0K0.2346.47N/AN/A1,33630423,39127,366
2023-04-28$22.30$20.0049.4%14.8%38.2%15.3%52.6%6.7%0.2%-236.4K2.8M-157.1K0.3724.03N/AN/A1,03638423,65327,595