CWH Options History — August 2023

In August 2023, CWH traded between $24.59 and $31.38. ATM implied volatility averaged 39.5%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded below realized volatility by 17.5% (HV 20d: 57.0%). Max pain ranged from $25.00 to $31.00. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 1.09.

Notable Days

  • 2023-08-02: Highest Volume — 9,734 contracts
  • 2023-08-02: Largest IV drop — 18.4% change
  • 2023-08-01: Highest IV Rank — 40.9%
  • 2023-08-01: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.55$24.59$31.38$31.38$24.84
Max Pain$26.04$25.00$31.00$31.00$26.00
ATM IV39.5%36.4%50.2%50.2%38.3%
Expected Move11.3%9.9%16.8%16.8%9.9%
HV 20d57.0%37.9%64.9%38.3%37.9%
HV 60d49.3%40.8%50.3%40.8%47.0%
IV Rank11.6%3.2%40.9%40.9%8.5%
IV Percentile10.5%2.8%47.6%47.6%9.9%
Term Structure-0.1%-4.6%1.8%-4.6%-0.3%
VWIV39.6%33.3%58.7%58.7%33.3%
Skew 25d5.0%3.2%6.7%4.7%3.2%
Skew 10d8.4%3.8%14.8%7.4%8.2%
Call IV 25d37.7%35.1%48.3%48.3%36.5%
Put IV 25d42.6%39.0%53.1%53.1%39.7%
Bid-Ask Spread %59.8648.1070.0954.1563.60
Gamma HHI0.130.100.240.190.10
Net GEX131.2K-300.6K922.1K922.1K-13.8K
Net DEX-4.8M-39.7M8.2M-39.7M5.2M
Net VEX-219.1K-239.5K-198.7K-239.5K-198.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.090.102.720.360.10
Total Volume2,314.8267409,7344,5751,884
Total OI52,927.39148,26159,94853,62749,963

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$31.38$31.0050.2%16.8%38.3%40.9%58.7%4.7%-4.6%922.1K-39.7M-239.5K0.3654.15N/AN/A3,3621,21331,40522,222
2023-08-02$27.52$31.0041.0%13.0%60.9%15.7%44.9%5.4%-2.1%41.4K-4.8M-231.7K0.4048.10N/AN/A6,9602,77433,39123,053
2023-08-03$26.20$25.0042.2%11.9%62.8%19.1%42.5%6.2%-1.3%111.7K2.9M-221.3K1.6067.84N/AN/A1,1761,87936,68723,261
2023-08-04$27.32$25.0039.2%10.7%64.9%10.8%39.2%4.3%-0.6%106.4K-7.5M-228.7K0.8862.78N/AN/A2,0221,77036,74923,125
2023-08-07$28.21$25.0037.8%10.8%62.0%7.0%37.4%4.2%0.4%470.3K-16.9M-231.2K0.3663.57N/AN/A2,40486530,94822,558
2023-08-08$28.14$25.0038.4%11.0%61.8%8.7%38.2%5.3%0.6%533.5K-16.3M-237.1K0.6259.48N/AN/A45628431,74522,795
2023-08-09$27.72$25.0037.6%11.1%59.9%6.4%37.1%5.0%0.1%479.5K-12.6M-231.8K0.9364.63N/AN/A59355231,84422,941
2023-08-10$27.59$25.0037.4%10.8%58.7%5.8%38.6%3.8%0.2%429.4K-12.2M-229.4K0.8552.58N/AN/A1,02386532,09923,028
2023-08-11$27.58$25.0036.4%10.7%58.1%3.2%38.4%3.5%1.2%371.3K-12.3M-235.3K2.1556.65N/AN/A43092332,84423,682
2023-08-14$27.76$26.0036.8%10.7%56.8%4.4%36.9%5.1%0.4%390.3K-13.5M-230.8K0.6959.75N/AN/A54837629,56023,620
2023-08-15$26.52$26.0040.1%11.6%58.3%13.4%40.3%6.1%-0.4%91.6K-3.8M-222.9K1.3659.33N/AN/A53873129,78423,571
2023-08-16$26.05$25.0040.5%11.6%58.4%14.3%39.2%5.1%-1.0%-151.0K-641.1K-218.1K0.9763.52N/AN/A71769829,84223,717
2023-08-17$25.69$25.0040.0%11.4%58.3%12.9%43.9%5.1%0.0%-254.6K989.7K-213.8K0.6362.27N/AN/A1,22676930,00023,243
2023-08-18$26.21$26.0040.6%11.6%59.3%14.7%40.0%4.3%1.2%-300.6K-3.6M-219.9K1.7961.12N/AN/A46983830,01423,492
2023-08-21$25.63$26.0040.3%11.0%59.3%13.7%39.7%4.0%-0.1%-26.4K-403.6K-211.5K0.7760.06N/AN/A81462426,16622,095
2023-08-22$25.32$26.0040.1%11.5%59.3%13.4%39.2%6.7%0.8%-31.4K1.9M-207.7K1.2460.20N/AN/A68184426,27222,111
2023-08-23$25.77$26.0038.8%10.8%58.9%9.9%38.1%6.3%0.7%55.9K-1.4M-212.4K0.7358.51N/AN/A1,32397226,41622,152
2023-08-24$24.78$26.0039.7%11.4%59.6%12.2%40.5%6.2%0.2%-56.6K6.3M-204.5K1.8656.34N/AN/A5731,06327,46923,261
2023-08-25$24.59$26.0038.3%10.8%57.7%8.4%37.4%3.6%1.1%-65.3K8.2M-201.7K1.3954.99N/AN/A7561,05427,30523,619
2023-08-28$24.86$26.0039.4%11.0%58.3%11.3%38.8%5.6%0.1%-86.3K5.2M-202.7K2.7255.00N/AN/A4121,12026,12923,208
2023-08-29$25.80$26.0037.2%10.0%60.8%5.3%36.0%5.6%1.8%19.5K-413.6K-209.3K2.2462.33N/AN/A1,0862,43326,48524,045
2023-08-30$25.11$26.0038.0%9.9%41.3%7.7%33.3%5.2%0.3%-19.8K4.1M-200.1K0.4370.09N/AN/A79834326,63222,782
2023-08-31$24.84$26.0038.3%9.9%37.9%8.5%33.3%3.2%-0.3%-13.8K5.2M-198.7K0.1063.60N/AN/A1,71317127,08722,876