CWH Options History — January 2024

In January 2024, CWH traded between $23.76 and $26.14. ATM implied volatility averaged 44.9%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded below realized volatility by 3.3% (HV 20d: 48.1%). Max pain ranged from $21.00 to $26.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.67.

Notable Days

  • 2024-01-02: Highest Volume — 8,647 contracts
  • 2024-01-29: Largest IV spike — 18.6% change
  • 2024-01-31: Highest IV Rank — 59.1%
  • 2024-01-03: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.18$23.76$26.14$26.14$25.00
Max Pain$24.57$21.00$26.00$21.00$24.00
ATM IV44.9%40.4%54.1%44.0%54.1%
Expected Move12.5%11.6%13.8%13.2%12.7%
HV 20d48.1%42.0%54.6%45.9%46.0%
HV 60d48.8%46.9%50.0%47.5%46.9%
IV Rank30.3%16.3%59.1%27.6%59.1%
IV Percentile49.7%25.0%87.7%46.4%87.7%
Term Structure4.1%-2.4%8.3%0.6%7.1%
VWIV43.8%40.7%48.3%45.3%43.9%
Skew 25d2.6%-0.0%4.6%1.9%1.9%
Skew 10d4.7%-1.1%7.6%4.3%7.2%
Call IV 25d43.2%39.0%46.9%44.0%44.6%
Put IV 25d45.7%42.3%49.1%45.9%46.5%
Bid-Ask Spread %48.8324.8170.2859.8454.41
Gamma HHI0.170.140.340.180.15
Net GEX653.8K269.4K1.5M817.7K272.0K
Net DEX-31.6M-61.0M-13.2M-52.3M-13.4M
Net VEX-177.8K-211.7K-155.8K-197.8K-156.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.051.960.570.50
Total Volume1,775.2861548,6478,647270
Total OI68,987.04841,92588,17074,43743,103

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$26.14$21.0044.0%13.2%45.9%27.6%45.3%1.9%0.6%817.7K-52.3M-197.8K0.5759.84N/AN/A5,4933,15445,00129,436
2024-01-03$24.47$22.0045.6%13.8%52.8%32.7%48.3%3.2%-0.3%400.8K-28.0M-202.4K0.4970.28N/AN/A2,2181,08249,67932,296
2024-01-04$25.43$26.0048.0%13.3%52.9%40.0%45.4%2.2%-1.3%1.0M-42.2M-211.7K0.0546.74N/AN/A4,33223851,41933,022
2024-01-05$24.83$26.0047.6%13.1%53.6%38.9%45.8%2.1%-2.0%601.2K-36.6M-211.2K0.1744.54N/AN/A1,54426054,85133,104
2024-01-08$25.59$26.0046.1%12.5%54.2%34.2%44.1%1.5%-2.4%808.4K-49.4M-203.1K0.7349.27N/AN/A31523151,99632,976
2024-01-09$25.05$26.0046.2%12.7%54.6%34.5%44.6%2.0%-2.0%625.7K-40.5M-194.9K0.0750.66N/AN/A6724852,16832,948
2024-01-10$25.02$26.0043.9%12.4%54.3%27.1%42.9%2.1%-1.5%630.1K-39.2M-192.3K0.2357.06N/AN/A65015252,75632,993
2024-01-11$25.27$25.0043.7%12.5%54.3%26.7%44.1%2.1%5.2%664.1K-43.4M-190.0K0.1132.81N/AN/A2,73331253,10333,051
2024-01-12$25.41$25.0043.2%12.4%48.6%25.1%44.0%3.4%5.9%1.2M-47.4M-188.2K0.7554.51N/AN/A1,6891,25954,88433,286
2024-01-16$24.65$25.0045.8%13.1%42.0%33.1%46.6%4.6%4.3%1.0M-36.4M-177.8K1.4924.81N/AN/A9191,36753,05032,297
2024-01-17$23.76$25.0045.2%13.0%43.4%31.3%46.7%2.4%5.4%623.6K-22.4M-168.5K1.8530.81N/AN/A50393053,63732,773
2024-01-18$24.79$25.0043.2%12.4%46.6%25.2%43.5%2.7%6.1%1.5M-37.4M-167.1K1.3762.52N/AN/A41857253,65132,828
2024-01-19$25.63$25.0041.4%11.9%47.3%19.4%42.5%4.0%6.7%1.0M-61.0M-162.3K0.9562.56N/AN/A85680953,58832,946
2024-01-22$25.98$25.0040.5%11.6%44.7%16.5%40.7%3.1%7.6%419.9K-19.6M-155.8K0.1252.10N/AN/A1,24715021,41620,509
2024-01-23$25.86$24.0040.4%11.6%43.7%16.3%41.4%4.3%7.8%465.6K-19.4M-160.5K0.3443.45N/AN/A51017222,37020,565
2024-01-24$25.01$24.0040.9%11.7%45.1%17.7%40.8%2.6%7.3%329.3K-13.7M-159.4K0.1650.87N/AN/A5368822,74720,779
2024-01-25$25.13$24.0042.8%12.1%44.6%23.7%42.2%2.4%7.2%338.2K-14.6M-159.6K0.5950.77N/AN/A39223322,87320,825
2024-01-26$25.09$24.0041.2%11.7%44.6%18.8%41.3%2.5%8.3%269.4K-14.7M-158.6K1.0148.64N/AN/A15015223,11320,899
2024-01-29$25.74$24.0048.9%12.0%45.8%42.9%41.3%2.8%7.6%393.8K-18.5M-160.0K0.4532.33N/AN/A32514622,17320,593
2024-01-30$24.95$24.0049.5%12.1%46.0%45.0%43.8%-0.0%8.3%280.9K-13.2M-156.4K1.9646.43N/AN/A5210222,32520,699
2024-01-31$25.00$24.0054.1%12.7%46.0%59.1%43.9%1.9%7.1%272.0K-13.4M-156.0K0.5054.41N/AN/A1809022,35420,749