CWH Options History — December 2023

In December 2023, CWH traded between $21.89 and $27.51. ATM implied volatility averaged 40.0%, placing in the 15.0% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded below realized volatility by 6.1% (HV 20d: 46.1%). Max pain ranged from $20.00 to $21.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.60.

Notable Days

  • 2023-12-18: Highest Volume — 22,007 contracts
  • 2023-12-04: Largest IV spike — 10.9% change
  • 2023-12-04: Highest IV Rank — 23.1%
  • 2023-12-01: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.27$21.89$27.51$22.13$26.34
Max Pain$20.48$20.00$21.50$21.50$21.00
ATM IV40.0%36.8%42.6%38.4%39.9%
Expected Move11.6%11.1%12.3%12.3%11.7%
HV 20d46.1%38.1%49.7%49.1%47.5%
HV 60d47.8%45.3%50.3%46.0%48.6%
IV Rank15.0%5.1%23.1%10.1%14.7%
IV Percentile20.6%5.6%32.1%11.9%20.6%
Term Structure0.0%-4.6%1.9%0.1%0.7%
VWIV40.8%38.5%44.8%44.8%39.9%
Skew 25d2.6%-0.7%6.7%6.7%3.6%
Skew 10d3.1%-14.0%7.9%-2.9%6.2%
Call IV 25d39.0%35.3%44.4%35.3%37.9%
Put IV 25d41.7%39.4%44.1%41.9%41.4%
Bid-Ask Spread %65.4927.7088.7088.7058.53
Gamma HHI0.150.100.380.100.19
Net GEX804.2K537.6K2.0M648.1K862.6K
Net DEX-46.9M-70.9M-13.3M-18.6M-54.7M
Net VEX-199.6K-219.6K-181.0K-200.9K-203.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.052.080.570.50
Total Volume2,525.939622,0071,140648
Total OI71,088.765,96075,28570,32675,285

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$22.13$21.5038.4%12.3%49.1%10.1%44.8%6.7%0.1%648.1K-18.6M-200.9K0.5788.70N/AN/A72441642,93727,389
2023-12-04$22.46$20.0042.6%11.6%48.3%23.1%41.5%-0.7%1.6%566.2K-18.7M-199.3K0.3979.54N/AN/A98338841,66227,200
2023-12-05$21.89$20.0040.7%11.6%49.3%17.2%40.8%4.2%-1.9%537.6K-13.3M-196.5K0.5678.59N/AN/A1,10361942,15927,448
2023-12-06$22.45$20.0039.9%11.7%49.7%14.9%41.5%1.3%0.5%622.6K-20.3M-200.1K1.7875.57N/AN/A23641943,15127,834
2023-12-07$22.77$20.0041.9%11.6%48.5%21.1%41.3%3.7%-4.6%623.5K-23.6M-199.5K0.1567.21N/AN/A75611143,19328,142
2023-12-08$23.34$20.0038.3%11.7%46.5%9.8%41.6%5.1%1.4%614.5K-30.7M-198.9K0.5359.31N/AN/A61332343,24228,143
2023-12-11$23.80$20.0038.3%11.4%46.5%9.7%41.2%2.3%1.8%638.1K-33.7M-194.2K0.7060.48N/AN/A89962642,27926,546
2023-12-12$23.98$20.0036.8%11.1%46.2%5.1%39.8%2.7%1.9%665.3K-35.7M-192.7K0.7360.62N/AN/A55640742,82826,819
2023-12-13$25.66$20.0038.3%11.1%38.1%9.7%40.9%3.2%0.7%680.5K-51.9M-193.4K0.3265.60N/AN/A2,17669841,58126,829
2023-12-14$27.51$20.0040.1%11.6%43.6%15.4%40.9%-0.4%0.2%831.1K-70.9M-181.0K0.2667.25N/AN/A3,75495942,11127,146
2023-12-15$27.26$20.0040.3%11.7%42.3%15.9%41.5%1.1%0.5%848.2K-69.0M-187.8K1.0769.93N/AN/A1,0251,09544,04227,529
2023-12-18$26.80$20.0039.5%11.4%42.8%13.4%38.5%2.1%-0.5%747.5K-61.6M-187.1K2.0861.55N/AN/A7,15614,85140,80625,154
2023-12-19$27.48$21.0039.1%11.2%43.1%12.1%39.4%2.1%0.1%754.4K-68.1M-208.3K0.0865.72N/AN/A1,27110642,87129,781
2023-12-20$26.21$21.0042.0%12.0%46.6%21.4%39.1%2.3%-0.6%729.2K-54.0M-219.6K0.2965.46N/AN/A1,54645343,83729,788
2023-12-21$26.88$21.0041.5%11.9%46.5%19.9%41.9%2.9%-0.8%1.2M-61.8M-214.3K0.1427.70N/AN/A6058644,30329,384
2023-12-22$26.84$21.0040.4%11.7%46.6%16.3%39.4%1.5%-1.0%2.0M-60.8M-211.7K0.7866.49N/AN/A22217444,46329,398
2023-12-26$27.29$21.0039.9%11.7%46.5%14.6%39.6%2.6%0.7%824.6K-64.2M-200.3K0.3257.77N/AN/A49115742,69429,189
2023-12-27$27.29$21.0040.8%11.8%46.6%17.5%41.7%3.0%-0.4%886.0K-63.9M-201.9K0.7064.92N/AN/A45131442,96029,254
2023-12-28$27.09$21.0041.3%11.8%47.1%19.2%41.3%3.1%-0.2%802.4K-62.1M-200.1K0.0568.80N/AN/A2,95314843,01729,380
2023-12-29$26.34$21.0039.9%11.7%47.5%14.7%39.9%3.6%0.7%862.6K-54.7M-203.9K0.5058.53N/AN/A43121745,80829,477