CWH Options History — July 2023

In July 2023, CWH traded between $28.51 and $32.58. ATM implied volatility averaged 46.0%, placing in the 29.4% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 3.5% (HV 20d: 42.6%). Max pain ranged from $28.00 to $31.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.77.

Notable Days

  • 2023-07-28: Highest Volume — 4,921 contracts
  • 2023-07-17: Largest IV spike — 10.6% change
  • 2023-07-31: Highest IV Rank — 39.0%
  • 2023-07-31: Largest Expected Move — 16.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.14$28.51$32.58$29.76$32.06
Max Pain$29.80$28.00$31.00$28.00$31.00
ATM IV46.0%41.3%49.6%41.3%49.6%
Expected Move13.1%9.0%16.3%9.0%16.3%
HV 20d42.6%36.3%48.4%48.4%37.8%
HV 60d45.9%41.4%47.0%45.1%41.4%
IV Rank29.4%16.5%39.0%16.5%39.0%
IV Percentile24.5%10.3%42.9%10.3%42.9%
Term Structure-1.4%-3.1%-0.5%-1.0%-3.1%
VWIV46.5%32.8%56.9%32.9%56.9%
Skew 25d4.6%3.5%6.8%3.5%4.9%
Skew 10d9.9%-0.6%28.3%11.1%20.0%
Call IV 25d44.3%42.1%46.5%42.1%45.3%
Put IV 25d48.9%45.5%52.6%45.5%50.3%
Bid-Ask Spread %46.5029.2069.9353.4150.96
Gamma HHI0.210.110.550.140.19
Net GEX1.2M251.7K3.0M694.1K1.0M
Net DEX-39.6M-55.6M-17.5M-28.9M-45.6M
Net VEX-220.0K-237.9K-203.6K-203.6K-235.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.152.870.670.90
Total Volume2,5706974,9211,6163,125
Total OI48,00740,35753,52440,35751,664

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$29.76$28.0041.3%9.0%48.4%16.5%32.9%3.5%-1.0%694.1K-28.9M-203.6K0.6753.41N/AN/A96864823,33217,025
2023-07-05$29.27$28.0044.8%9.6%47.0%26.1%32.8%3.8%-1.0%619.7K-24.8M-207.5K0.4869.93N/AN/A82939423,84717,476
2023-07-06$28.63$29.0045.4%12.5%38.3%27.6%43.3%3.5%-1.4%453.3K-19.8M-206.9K2.8742.66N/AN/A5301,52124,30717,783
2023-07-07$28.51$29.0043.5%12.5%36.3%22.6%44.1%4.2%-0.9%251.7K-17.5M-213.3K1.2345.95N/AN/A61575824,60619,026
2023-07-10$30.27$29.0045.5%12.5%41.8%28.1%46.5%4.6%-1.0%565.3K-30.2M-212.9K0.2141.31N/AN/A3,52474823,40518,824
2023-07-11$30.63$29.0044.1%12.4%41.9%24.3%46.6%4.8%-0.5%1.2M-36.5M-211.7K2.7440.67N/AN/A7512,05725,94819,281
2023-07-12$31.77$29.0044.2%12.2%43.6%24.5%43.6%4.8%-1.4%1.2M-47.7M-204.7K0.1743.47N/AN/A2,99551826,67819,654
2023-07-13$32.58$29.0043.8%12.4%44.1%23.3%43.8%3.8%-1.1%1.2M-55.6M-204.8K0.3344.16N/AN/A2,04466627,82619,824
2023-07-14$31.55$30.0044.0%12.2%45.9%23.8%43.4%4.5%-2.2%817.9K-47.2M-215.8K0.3349.36N/AN/A2,74590929,06020,331
2023-07-17$32.50$30.0048.6%13.8%46.7%36.4%47.9%4.8%-2.1%1.2M-48.1M-217.1K0.1529.20N/AN/A3,12646327,05620,351
2023-07-18$32.22$30.0048.6%13.8%45.5%36.3%48.9%6.7%-1.0%1.5M-48.7M-224.2K0.2730.65N/AN/A2,45965729,41720,639
2023-07-19$31.76$30.0048.6%13.9%44.9%36.5%49.7%4.7%-1.3%1.9M-47.8M-225.2K0.8745.35N/AN/A1,1631,01731,31121,057
2023-07-20$31.74$30.0047.7%13.8%42.6%33.9%49.4%6.8%-2.4%1.7M-45.1M-228.5K0.6046.08N/AN/A51530731,14821,917
2023-07-21$31.34$30.0047.3%13.6%42.5%33.0%47.2%3.8%-1.5%1.1M-40.9M-229.1K1.0844.03N/AN/A1,0201,09831,33522,189
2023-07-24$31.41$31.0046.7%14.2%41.2%31.3%49.3%5.8%-0.5%960.4K-36.4M-224.8K0.2449.78N/AN/A2,35957426,88520,052
2023-07-25$31.30$31.0047.7%14.3%41.3%34.0%50.2%3.8%-1.2%1.2M-38.0M-231.9K0.2838.97N/AN/A2,53570528,99020,415
2023-07-26$32.04$31.0046.8%14.2%39.4%31.6%49.9%5.2%-1.1%1.9M-46.0M-231.8K0.2956.60N/AN/A53915831,01020,922
2023-07-27$31.32$31.0046.9%14.5%40.5%31.8%50.9%4.3%-0.6%1.6M-37.5M-237.9K1.2755.15N/AN/A63480531,43620,989
2023-07-28$32.22$31.0045.6%14.6%41.3%28.2%51.8%4.6%-1.8%3.0M-49.6M-232.2K0.4352.23N/AN/A3,4411,48031,58121,543
2023-07-31$32.06$31.0049.6%16.3%37.8%39.0%56.9%4.9%-3.1%1.0M-45.6M-235.9K0.9050.96N/AN/A1,6471,47830,45021,214