CWH Options History — September 2023

In September 2023, CWH traded between $19.61 and $25.19. ATM implied volatility averaged 41.6%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 4.8% (HV 20d: 36.8%). Max pain ranged from $20.00 to $26.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.18.

Notable Days

  • 2023-09-13: Highest Volume — 14,063 contracts
  • 2023-09-20: Largest IV spike — 8.2% change
  • 2023-09-21: Highest IV Rank — 29.6%
  • 2023-09-21: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.31$19.61$25.19$25.19$20.37
Max Pain$23.75$20.00$26.00$26.00$20.00
ATM IV41.6%36.3%46.1%36.3%44.5%
Expected Move11.9%9.5%13.3%9.5%11.9%
HV 20d36.8%30.1%39.7%34.7%35.1%
HV 60d47.6%45.6%48.9%46.6%46.4%
IV Rank17.4%3.0%29.6%3.0%25.2%
IV Percentile22.4%2.4%38.1%2.4%34.5%
Term Structure0.9%-2.0%9.2%0.2%9.2%
VWIV41.4%31.3%46.5%32.0%42.7%
Skew 25d4.6%3.0%6.7%3.8%3.7%
Skew 10d9.6%1.5%14.6%5.1%1.5%
Call IV 25d39.3%34.4%43.5%34.4%40.3%
Put IV 25d44.0%38.2%50.2%38.2%44.0%
Bid-Ask Spread %55.2645.9162.8262.7262.82
Gamma HHI0.160.090.290.100.29
Net GEX-56.8K-604.0K1.0M28.8K1.0M
Net DEX15.2M2.7M22.9M2.7M4.7M
Net VEX-161.5K-200.3K-141.5K-200.3K-172.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.103.781.930.13
Total Volume3,196.7574414,0631,7982,664
Total OI51,489.7542,50959,28550,07159,285

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$25.19$26.0036.3%9.5%34.7%3.0%32.0%3.8%0.2%28.8K2.7M-200.3K1.9362.72N/AN/A6131,18527,12622,945
2023-09-05$23.69$26.0038.6%11.1%37.6%9.2%37.7%3.8%-0.1%-116.6K12.5M-179.0K0.7356.48N/AN/A1,4521,05526,56122,690
2023-09-06$23.05$26.0039.1%11.3%38.1%10.5%39.5%3.6%0.8%-125.3K16.2M-172.4K1.5756.49N/AN/A32150426,92023,283
2023-09-07$22.66$26.0039.5%11.4%38.1%11.6%42.4%3.7%-0.5%-145.5K18.4M-166.1K0.7758.47N/AN/A85265926,97623,332
2023-09-08$21.89$26.0040.7%11.6%39.0%15.0%41.9%3.6%0.1%-184.1K21.8M-154.4K1.8656.40N/AN/A7841,45827,09323,650
2023-09-11$22.16$26.0040.3%11.5%39.7%13.8%40.8%4.0%-0.4%-220.0K20.2M-159.5K0.7256.29N/AN/A68949526,85124,070
2023-09-12$22.13$26.0041.1%11.9%39.4%16.2%43.9%4.1%0.5%-212.4K20.6M-159.5K1.1660.65N/AN/A34539927,05824,247
2023-09-13$21.51$26.0039.6%11.4%37.8%11.9%40.7%4.7%0.1%-285.6K22.9M-149.9K3.7862.68N/AN/A2,94211,12127,14424,366
2023-09-14$21.73$26.0038.0%11.0%38.4%7.7%38.4%3.9%-0.3%-319.2K17.3M-161.3K0.8458.53N/AN/A1,3001,09827,82723,439
2023-09-15$21.13$26.0039.9%11.6%39.0%12.8%31.3%3.0%0.4%-604.0K19.7M-154.3K1.2355.64N/AN/A79097428,23523,639
2023-09-18$20.59$25.0039.9%11.5%37.7%12.7%39.7%5.9%-0.6%-257.5K19.2M-142.0K0.7749.40N/AN/A1,7441,34821,21821,291
2023-09-19$20.30$25.0041.0%11.8%37.5%15.7%40.9%5.6%-1.1%-214.7K19.0M-141.5K2.0053.52N/AN/A48496822,34221,196
2023-09-20$20.27$25.0044.4%12.7%37.7%24.9%44.7%5.0%-2.0%-202.8K18.6M-143.6K0.1050.55N/AN/A8,34786022,56021,224
2023-09-21$19.88$20.0046.1%13.3%36.2%29.6%46.5%6.7%-1.6%111.4K13.1M-153.3K0.1745.91N/AN/A3,75062828,81021,347
2023-09-22$19.98$20.0045.0%13.0%35.3%26.7%45.1%6.7%-0.8%126.5K11.3M-158.0K1.8248.28N/AN/A8391,52730,92221,731
2023-09-25$19.73$20.0044.1%13.2%35.3%24.2%45.6%5.6%3.2%281.6K13.3M-159.0K1.5150.01N/AN/A3,2654,92130,58822,687
2023-09-26$19.88$20.0045.3%13.1%35.1%27.4%46.0%4.9%4.8%-16.6K12.5M-166.8K0.9053.44N/AN/A60654432,90726,138
2023-09-27$19.61$20.0043.7%12.7%30.1%23.2%45.2%5.7%4.4%-174.5K15.1M-162.7K1.0251.68N/AN/A39039733,11026,115
2023-09-28$20.39$20.0045.3%12.5%34.9%27.5%43.8%4.6%2.4%369.5K5.2M-174.3K0.4955.30N/AN/A1,08453333,03725,835
2023-09-29$20.37$20.0044.5%11.9%35.1%25.2%42.7%3.7%9.2%1.0M4.7M-172.8K0.1362.82N/AN/A2,35630833,52225,763