CWH Options History — January 2025

In January 2025, CWH traded between $20.80 and $23.66. ATM implied volatility averaged 58.0%, placing in the 43.7% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded above realized volatility by 21.4% (HV 20d: 36.7%). Max pain ranged from $20.00 to $21.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.39.

Notable Days

  • 2025-01-17: Highest Volume — 8,948 contracts
  • 2025-01-15: Largest IV drop — 38.3% change
  • 2025-01-13: Highest IV Rank — 100.0%
  • 2025-01-13: Largest Expected Move — 17.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.40$20.80$23.66$20.80$23.11
Max Pain$20.65$20.00$21.00$20.00$21.00
ATM IV58.0%47.2%87.4%55.3%49.7%
Expected Move15.7%13.5%17.5%15.9%14.2%
HV 20d36.7%32.1%41.2%38.5%33.0%
HV 60d50.6%41.8%52.7%52.2%42.0%
IV Rank43.7%21.1%100.0%40.4%25.9%
IV Percentile72.5%47.2%100.0%73.8%57.9%
Term Structure-2.4%-5.5%2.5%0.2%-0.3%
VWIV55.5%46.3%60.9%55.9%52.8%
Skew 25d3.9%0.8%6.3%4.3%3.4%
Skew 10d9.2%-2.5%20.7%7.1%5.9%
Call IV 25d53.7%47.4%59.4%55.0%49.1%
Put IV 25d57.6%50.1%63.2%59.3%52.5%
Bid-Ask Spread %35.8423.0247.7347.7345.59
Gamma HHI0.260.130.940.160.13
Net GEX849.5K299.0K6.1M299.0K305.1K
Net DEX-13.9M-32.0M-5.3M-5.3M-8.5M
Net VEX-53.4K-61.1K-47.3K-47.3K-50.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.012.910.012.91
Total Volume1,917.71808,9482,376395
Total OI23,033.414,59635,23023,40414,596

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$20.80$20.0055.3%15.9%38.5%40.4%55.9%4.3%0.2%299.0K-5.3M-47.3K0.0147.73N/AN/A2,3433317,1106,294
2025-01-03$20.96$20.0053.3%15.3%38.0%36.2%53.5%4.5%1.9%407.1K-7.1M-48.8K0.5946.42N/AN/A46827718,2556,192
2025-01-06$21.45$20.0057.1%16.1%39.2%44.3%54.7%4.2%-2.2%453.1K-9.3M-48.6K0.5631.59N/AN/A36520618,5786,182
2025-01-07$21.23$21.0056.8%16.4%38.0%43.6%56.2%4.6%-2.5%448.4K-8.3M-47.6K0.0138.46N/AN/A3,0924318,7346,262
2025-01-08$22.04$21.0056.0%16.1%40.4%42.1%55.9%4.1%-2.6%641.5K-13.1M-51.4K0.0539.34N/AN/A1,0705020,2856,300
2025-01-10$21.78$21.0067.8%16.9%40.4%67.4%58.8%6.3%-4.2%679.6K-13.0M-50.5K0.0928.88N/AN/A1,97417421,2616,290
2025-01-13$22.23$21.0085.8%17.5%41.2%100.0%60.0%3.8%-4.9%828.1K-19.7M-49.6K0.0338.81N/AN/A3,0169923,5456,393
2025-01-14$22.05$21.0087.4%16.9%38.1%100.0%59.9%3.8%-2.6%937.3K-20.5M-55.2K0.5232.39N/AN/A1,13858725,1236,441
2025-01-15$23.01$20.0053.9%15.5%39.7%34.3%60.9%1.3%-1.4%1.2M-28.0M-53.7K0.1130.72N/AN/A2,64128325,8956,876
2025-01-16$23.20$20.0052.6%15.1%36.3%31.7%53.1%4.0%-2.3%1.3M-29.9M-52.3K0.0337.71N/AN/A2,3868226,2157,030
2025-01-17$23.02$20.0052.5%15.1%36.4%31.5%50.2%4.0%-2.2%6.1M-32.0M-56.9K0.0338.61N/AN/A8,64630228,2466,984
2025-01-21$22.50$20.0053.5%15.3%33.0%33.4%55.1%4.1%-2.6%432.6K-11.3M-60.7K0.9332.23N/AN/A70465613,9852,563
2025-01-22$21.81$21.0053.8%15.4%35.1%34.1%54.8%0.8%-2.3%381.9K-9.2M-61.1K0.0528.51N/AN/A2,48511214,5103,207
2025-01-23$22.51$21.0053.3%15.3%35.6%33.1%52.4%3.7%-2.8%346.2K-8.6M-55.0K0.0836.12N/AN/A2362012,5143,294
2025-01-24$22.98$21.0053.7%15.4%35.6%33.9%53.7%3.4%-2.9%382.9K-10.0M-56.3K0.2329.06N/AN/A2185012,7233,298
2025-01-27$23.01$21.0058.9%16.9%35.6%44.1%58.8%4.9%-5.4%382.2K-10.1M-56.0K0.2729.59N/AN/A1423812,8473,344
2025-01-28$23.18$21.0056.5%16.2%34.9%39.3%59.6%4.8%-5.5%413.1K-10.5M-55.4K0.5523.02N/AN/A1287112,9373,360
2025-01-29$23.66$21.0055.4%15.9%32.1%37.1%58.5%5.0%-5.4%444.5K-11.9M-56.7K0.6743.95N/AN/A35523812,9953,427
2025-01-30$23.50$21.0047.2%13.5%32.4%21.1%46.3%2.7%2.5%501.9K-11.7M-55.5K0.0137.98N/AN/A3,2042713,2683,309
2025-01-31$23.11$21.0049.7%14.2%33.0%25.9%52.8%3.4%-0.3%305.1K-8.5M-50.1K2.9145.59N/AN/A10129411,2783,318