CWH Options History — March 2024

In March 2024, CWH traded between $25.05 and $28.50. ATM implied volatility averaged 42.0%, placing in the 21.2% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 2.8% (HV 20d: 39.3%). Max pain ranged from $24.00 to $28.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.69.

Notable Days

  • 2024-03-12: Highest Volume — 7,808 contracts
  • 2024-03-11: Largest IV spike — 33.1% change
  • 2024-03-11: Highest IV Rank — 61.3%
  • 2024-03-11: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.55$25.05$28.50$27.48$27.84
Max Pain$26.70$24.00$28.00$24.00$27.00
ATM IV42.0%36.5%55.0%41.6%36.5%
Expected Move11.7%10.5%12.3%11.9%10.5%
HV 20d39.3%32.4%43.2%32.4%43.2%
HV 60d40.8%38.2%43.1%41.8%40.2%
IV Rank21.2%4.0%61.3%19.7%4.0%
IV Percentile36.0%4.4%88.9%35.3%4.4%
Term Structure7.0%-2.0%11.7%-2.0%11.7%
VWIV40.9%36.5%43.9%41.7%36.5%
Skew 25d1.8%-0.0%3.1%2.0%1.5%
Skew 10d3.2%0.4%5.5%0.9%3.5%
Call IV 25d40.1%36.1%42.6%40.7%36.1%
Put IV 25d41.9%37.6%44.8%42.7%37.6%
Bid-Ask Spread %23.5111.5553.8653.8638.60
Gamma HHI0.170.090.300.190.14
Net GEX872.1K-152.0K2.4M1.3M391.2K
Net DEX-21.4M-49.0M-4.2M-38.4M-18.4M
Net VEX-118.9K-133.2K-110.1K-133.2K-118.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.044.990.140.10
Total Volume1,583.653737,8085862,889
Total OI42,589.625,95555,91854,01329,197

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$27.48$24.0041.6%11.9%32.4%19.7%41.7%2.0%-2.0%1.3M-38.4M-133.2K0.1453.86N/AN/A5127427,82226,191
2024-03-04$27.13$25.0044.7%11.9%32.8%29.4%43.1%1.8%4.5%1.3M-34.2M-131.7K0.5530.06N/AN/A63034627,94326,191
2024-03-05$28.50$25.0046.0%11.8%35.3%33.4%42.7%2.5%5.6%1.5M-49.0M-125.5K0.2122.98N/AN/A1,21826028,18126,334
2024-03-06$27.82$26.0040.2%11.5%36.9%15.6%40.6%2.1%4.8%1.7M-42.7M-127.7K0.4023.32N/AN/A65226228,70626,369
2024-03-07$27.14$27.0043.8%11.8%38.1%26.7%41.4%1.4%5.5%1.6M-35.2M-129.4K0.3224.22N/AN/A49215728,98326,512
2024-03-08$27.64$26.0041.3%12.0%37.8%19.0%41.9%0.8%5.0%2.0M-41.8M-126.0K0.2727.07N/AN/A82622529,02426,518
2024-03-11$27.05$27.0055.0%12.3%36.8%61.3%43.9%2.2%5.8%1.8M-35.3M-121.4K1.7423.87N/AN/A23040029,24526,636
2024-03-12$27.13$25.0046.6%11.8%34.9%35.3%41.3%1.4%6.6%2.3M-35.8M-118.3K0.0418.61N/AN/A7,50030829,24426,674
2024-03-13$27.18$26.0040.1%11.5%34.1%15.3%39.9%2.8%5.2%2.4M-26.0M-116.8K2.2025.00N/AN/A7231,59325,09126,711
2024-03-14$25.27$28.0042.2%12.1%42.8%21.6%42.1%1.0%6.8%-152.0K-4.4M-111.5K0.5924.00N/AN/A1,44084425,29328,240
2024-03-15$25.63$28.0041.8%12.0%43.1%20.6%41.8%1.2%7.2%82.4K-9.1M-113.4K0.1415.29N/AN/A2,91741026,85328,946
2024-03-18$25.21$28.0042.2%12.1%43.0%21.8%41.9%1.9%7.1%54.1K-4.7M-110.1K0.3514.84N/AN/A1,17840914,49911,456
2024-03-19$25.05$28.0042.0%12.0%42.6%21.1%42.3%1.6%8.4%59.3K-4.2M-111.0K0.3411.55N/AN/A55518714,97311,682
2024-03-20$25.43$28.0040.0%11.5%42.6%14.9%39.5%1.3%8.6%80.8K-5.5M-111.8K0.4319.09N/AN/A26011315,24011,751
2024-03-21$25.56$28.0039.7%11.4%42.6%14.1%40.0%2.1%8.9%96.5K-6.4M-112.7K0.1215.71N/AN/A1,33915815,34611,773
2024-03-22$25.36$27.0040.8%11.7%42.5%17.4%40.0%2.1%7.9%156.9K-6.1M-114.3K4.9920.37N/AN/A14371416,38711,859
2024-03-25$25.51$27.0039.0%11.2%41.6%11.7%39.6%-0.0%10.7%170.9K-6.9M-112.8K0.0825.52N/AN/A6395216,45311,782
2024-03-26$26.20$27.0038.7%11.1%40.6%10.7%38.8%3.1%10.9%243.0K-10.1M-115.7K0.3318.06N/AN/A41513716,86411,797
2024-03-27$26.91$27.0038.3%11.0%41.7%9.7%38.3%2.8%10.7%308.3K-13.6M-117.4K0.4918.13N/AN/A31215417,15911,867
2024-03-28$27.84$27.0036.5%10.5%43.2%4.0%36.5%1.5%11.7%391.2K-18.4M-118.2K0.1038.60N/AN/A2,63125817,32311,874