CWH Options History — November 2023

In November 2023, CWH traded between $17.26 and $21.88. ATM implied volatility averaged 43.6%, placing in the 26.1% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded below realized volatility by 7.8% (HV 20d: 51.4%). Max pain ranged from $18.00 to $22.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.68.

Notable Days

  • 2023-11-10: Highest Volume — 18,537 contracts
  • 2023-11-02: Largest IV drop — 29.9% change
  • 2023-11-01: Highest IV Rank — 94.4%
  • 2023-11-01: Largest Expected Move — 22.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.22$17.26$21.88$17.26$21.09
Max Pain$21.21$18.00$22.00$18.00$21.50
ATM IV43.6%37.7%66.0%66.0%39.5%
Expected Move13.0%11.4%22.9%22.9%12.0%
HV 20d51.4%44.2%56.9%44.2%52.4%
HV 60d44.6%37.9%47.7%37.9%45.0%
IV Rank26.1%8.0%94.4%94.4%13.5%
IV Percentile30.6%8.7%98.8%98.8%15.9%
Term Structure0.7%-2.4%2.6%-2.4%0.3%
VWIV45.8%39.8%80.8%80.8%48.9%
Skew 25d4.5%2.5%6.3%5.5%2.5%
Skew 10d9.4%4.2%18.4%11.7%8.7%
Call IV 25d41.6%37.5%62.5%62.5%38.9%
Put IV 25d46.1%41.4%68.0%68.0%41.4%
Bid-Ask Spread %67.8241.7587.7541.7560.83
Gamma HHI0.170.080.370.080.13
Net GEX247.2K-476.6K877.0K9.6K684.5K
Net DEX-1.6M-15.3M15.7M14.9M-6.9M
Net VEX-180.5K-216.6K-116.7K-116.7K-192.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.061.701.050.07
Total Volume3,138.57130118,53717,6541,686
Total OI65,03449,53971,69049,53970,141

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$17.26$18.0066.0%22.9%44.2%94.4%80.8%5.5%-2.4%9.6K14.9M-116.7K1.0541.75N/AN/A8,6309,02429,00320,536
2023-11-02$18.57$22.0046.3%13.8%49.2%33.9%48.1%5.3%0.8%-39.4K10.4M-140.2K0.2664.00N/AN/A5,1931,34133,32024,053
2023-11-03$19.20$22.0043.6%13.2%50.3%26.4%44.4%3.5%2.6%-19.4K3.3M-158.9K0.8167.67N/AN/A91674136,38924,594
2023-11-06$18.98$22.0043.7%13.3%50.0%26.6%44.0%5.4%2.4%-231.7K7.8M-150.6K0.5471.91N/AN/A50827635,38423,851
2023-11-07$19.24$22.0042.7%12.5%48.4%23.4%44.4%4.2%0.9%-323.4K5.9M-150.2K1.0772.72N/AN/A27529335,62423,911
2023-11-08$18.84$22.0042.7%12.9%48.0%23.5%46.9%6.0%2.3%-476.6K10.1M-141.7K0.4472.44N/AN/A98142735,79823,985
2023-11-09$18.29$22.0045.7%13.4%46.3%33.0%46.5%6.3%1.9%-143.1K15.7M-130.9K0.9567.48N/AN/A22421335,48824,002
2023-11-10$18.61$22.0043.7%12.7%46.4%26.8%46.5%4.1%1.2%191.0K14.5M-133.7K1.7067.01N/AN/A6,87411,66335,50824,059
2023-11-13$19.13$21.0044.8%12.9%45.0%30.1%45.2%4.7%1.0%221.6K6.6M-187.7K1.0765.39N/AN/A89595441,08427,364
2023-11-14$21.19$21.0043.4%12.4%56.9%25.6%44.3%3.8%0.2%400.2K-10.5M-212.7K0.3463.67N/AN/A1,89163941,58128,009
2023-11-15$21.34$21.0044.8%12.8%56.0%29.9%44.6%2.8%-0.4%548.6K-13.6M-216.6K0.3163.60N/AN/A2,43075242,51828,208
2023-11-16$20.84$21.0043.7%12.5%54.2%26.5%45.8%5.5%-0.4%562.2K-7.8M-211.4K1.0070.79N/AN/A51852042,75428,809
2023-11-17$21.57$21.0042.1%12.1%54.9%21.6%42.6%5.5%0.4%391.7K-15.3M-215.2K1.1069.30N/AN/A61867742,87328,817
2023-11-20$21.88$21.0039.5%11.6%54.9%13.3%41.7%4.9%0.9%378.1K-12.9M-213.0K0.9864.54N/AN/A69167540,29627,175
2023-11-21$21.41$21.0042.1%11.8%56.0%21.7%41.8%5.4%-1.2%398.6K-8.9M-208.7K0.3768.10N/AN/A29210740,72627,127
2023-11-22$21.30$21.0040.7%11.7%55.4%17.3%41.2%5.0%2.6%356.6K-7.9M-206.5K0.6571.43N/AN/A18211940,78827,204
2023-11-24$21.32$21.0041.9%11.8%55.4%21.1%40.2%4.3%1.7%348.9K-7.7M-202.9K0.9168.02N/AN/A16615140,86627,247
2023-11-27$21.38$21.0041.9%12.5%51.6%21.0%43.3%2.9%-0.4%335.1K-7.8M-198.2K0.0668.25N/AN/A2,17212540,37026,960
2023-11-28$21.51$21.0037.7%11.4%51.4%8.0%39.8%4.3%-0.3%721.9K-10.2M-201.8K0.2577.68N/AN/A51312842,40927,015
2023-11-29$21.59$21.0038.7%11.8%51.5%10.9%41.4%2.9%1.0%877.0K-12.5M-200.1K0.3687.75N/AN/A1,05137942,76227,106
2023-11-30$21.09$21.5039.5%12.0%52.4%13.5%48.9%2.5%0.3%684.5K-6.9M-192.5K0.0760.83N/AN/A1,57710942,85727,284