CWH Options History — May 2023

In May 2023, CWH traded between $21.84 and $27.52. ATM implied volatility averaged 43.1%, placing in the 7.5% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded below realized volatility by 7.6% (HV 20d: 50.7%). Max pain ranged from $20.00 to $24.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.84.

Notable Days

  • 2023-05-03: Highest Volume — 12,477 contracts
  • 2023-05-03: Largest IV drop — 14.5% change
  • 2023-05-02: Highest IV Rank — 22.0%
  • 2023-05-02: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.59$21.84$27.52$22.52$26.99
Max Pain$23.50$20.00$24.00$20.00$24.00
ATM IV43.1%39.5%52.3%48.8%42.6%
Expected Move13.2%11.7%16.9%15.8%14.4%
HV 20d50.7%35.5%54.8%35.5%53.9%
HV 60d44.3%37.3%46.3%37.3%44.8%
IV Rank7.5%0.0%22.0%14.1%9.6%
IV Percentile5.2%0.0%42.1%14.3%4.8%
Term Structure-0.5%-2.1%2.4%-1.2%-2.0%
VWIV47.0%40.6%63.9%55.5%49.0%
Skew 25d6.3%3.0%9.1%8.6%3.0%
Skew 10d11.9%2.1%22.6%15.7%6.1%
Call IV 25d40.8%37.1%48.9%45.4%41.9%
Put IV 25d47.1%43.1%58.0%54.0%45.0%
Bid-Ask Spread %48.5123.4162.2138.7151.10
Gamma HHI0.270.110.540.130.24
Net GEX1.0M-1.2M3.4M-155.4K1.3M
Net DEX-24.1M-60.9M8.0M2.7M-30.1M
Net VEX-156.4K-162.2K-145.7K-154.8K-155.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.068.371.360.67
Total Volume4,05665812,4771,9221,396
Total OI57,968.45548,13965,12448,13959,556

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$22.52$20.0048.8%15.8%35.5%14.1%55.5%8.6%-1.2%-155.4K2.7M-154.8K1.3638.71N/AN/A8151,10722,36225,777
2023-05-02$21.84$20.0052.3%16.9%37.2%22.0%63.9%9.1%-2.0%-241.0K8.0M-152.0K2.3744.03N/AN/A1,9374,59722,98026,711
2023-05-03$24.38$21.0044.8%13.5%48.1%4.8%47.0%5.5%-0.4%126.9K-10.1M-159.5K0.1955.87N/AN/A10,4572,02022,19528,215
2023-05-04$23.48$24.0044.0%13.6%51.1%3.7%48.8%5.7%-1.8%502.5K-4.9M-161.2K0.3540.89N/AN/A2,14775828,83228,887
2023-05-05$24.81$24.0041.1%12.6%53.6%0.0%46.1%6.0%-1.4%1.6M-20.7M-160.1K0.1850.49N/AN/A5,09492829,06929,228
2023-05-08$24.77$24.0042.3%12.7%53.5%3.3%44.9%5.9%1.2%491.4K-13.9M-161.5K0.2057.56N/AN/A2,12243126,58626,106
2023-05-09$25.30$24.0040.8%12.5%51.7%0.0%44.6%3.5%2.4%745.9K-20.6M-159.4K0.1359.20N/AN/A3,78149627,58626,396
2023-05-10$25.55$24.0039.5%12.1%50.0%0.0%45.0%5.8%0.8%1.2M-25.7M-159.5K0.2649.86N/AN/A1,38636129,70626,683
2023-05-11$25.21$24.0041.1%12.3%50.5%4.3%45.3%6.2%2.0%1.2M-22.5M-162.2K0.5462.21N/AN/A42723130,54926,845
2023-05-12$25.16$24.0042.2%12.2%50.5%7.3%43.6%4.2%0.3%1.3M-22.0M-159.4K0.1554.63N/AN/A3,55153330,56826,985
2023-05-15$25.73$24.0042.0%12.4%50.4%6.9%43.4%6.4%-0.4%2.2M-32.3M-157.8K0.1345.09N/AN/A3,15042535,27326,085
2023-05-16$25.61$24.0042.8%12.4%50.6%9.0%44.0%7.6%-0.2%2.8M-32.0M-160.2K0.3447.82N/AN/A1,04735637,37926,221
2023-05-17$26.75$24.0040.6%11.7%51.7%3.1%40.6%7.2%-0.5%3.2M-53.2M-153.3K0.3447.78N/AN/A1,02935338,07526,560
2023-05-18$27.01$24.0040.5%11.7%51.3%2.6%43.3%6.5%-2.1%3.4M-60.9M-145.7K0.4456.83N/AN/A1,28756438,45726,667
2023-05-19$26.38$24.0044.1%12.7%52.6%12.6%46.0%7.7%-1.6%2.4M-47.6M-149.8K8.3749.50N/AN/A9658,07737,08926,760
2023-05-22$26.07$24.0041.4%12.3%52.7%5.1%44.9%8.3%-1.5%-1.2M-9.1M-156.2K0.4143.36N/AN/A2,27093122,76931,877
2023-05-23$26.24$24.0043.4%12.8%52.7%10.6%46.3%6.1%-2.0%-947.8K-12.6M-155.6K0.1646.69N/AN/A1,82128924,93332,491
2023-05-24$27.43$24.0042.0%13.0%53.3%7.0%47.1%4.5%0.7%454.4K-30.4M-153.2K0.2823.41N/AN/A5,3781,48926,37232,352
2023-05-25$26.79$24.0046.1%14.4%54.4%18.0%50.2%8.5%-1.9%-30.1K-22.0M-160.5K1.3750.88N/AN/A1,6392,23930,44833,952
2023-05-26$27.49$24.0043.8%13.8%54.7%13.0%45.8%6.7%-1.3%821.1K-37.1M-153.6K0.0638.45N/AN/A6,02733831,51432,701
2023-05-30$27.52$24.0041.9%14.5%54.8%7.3%49.5%5.0%1.3%1.2M-33.4M-150.2K0.1752.82N/AN/A4,25672730,46725,042
2023-05-31$26.99$24.0042.6%14.4%53.9%9.6%49.0%3.0%-2.0%1.3M-30.1M-155.4K0.6751.10N/AN/A83656033,94525,611