CWH Options History — February 2025

In February 2025, CWH traded between $19.31 and $24.24. ATM implied volatility averaged 56.9%, placing in the 40.1% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded above realized volatility by 17.4% (HV 20d: 39.5%). Max pain ranged from $20.00 to $22.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 2.98.

Notable Days

  • 2025-02-24: Highest Volume — 22,867 contracts
  • 2025-02-26: Largest IV drop — 31.9% change
  • 2025-02-25: Highest IV Rank — 65.6%
  • 2025-02-25: Largest Expected Move — 20.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.94$19.31$24.24$22.19$19.31
Max Pain$21.42$20.00$22.00$21.00$20.00
ATM IV56.9%47.6%69.9%53.5%51.0%
Expected Move16.1%13.6%20.0%15.3%14.6%
HV 20d39.5%36.1%42.1%36.1%42.1%
HV 60d39.3%37.3%42.8%42.8%38.7%
IV Rank40.1%21.7%65.6%33.4%28.5%
IV Percentile71.3%47.6%93.3%64.7%57.1%
Term Structure-6.0%-27.5%-1.0%-2.1%-2.4%
VWIV57.0%49.7%70.1%53.9%51.0%
Skew 25d4.2%1.0%8.2%1.0%3.8%
Skew 10d8.7%-2.8%34.3%-2.1%-2.8%
Call IV 25d54.7%46.8%66.5%53.7%49.9%
Put IV 25d58.9%51.2%73.7%54.8%53.8%
Bid-Ask Spread %42.5026.6866.2757.1539.85
Gamma HHI0.220.100.430.130.40
Net GEX29.1K-1.1M531.7K247.3K-974.3K
Net DEX-2.8M-13.3M16.2M-6.3M15.2M
Net VEX-54.1K-84.9K-38.0K-46.9K-73.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.980.0242.470.863.13
Total Volume2,634.9479422,867431652
Total OI21,664.42113,79438,16114,68435,812

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$22.19$21.0053.5%15.3%36.1%33.4%53.9%1.0%-2.1%247.3K-6.3M-46.9K0.8657.15N/AN/A23219911,3103,374
2025-02-04$23.08$21.0054.9%15.7%38.3%36.1%54.5%1.6%-3.5%300.9K-8.5M-48.9K1.2647.00N/AN/A24731211,3523,304
2025-02-05$23.04$21.0063.1%18.1%37.7%52.3%63.3%8.2%-10.5%291.1K-8.4M-49.4K0.0366.27N/AN/A1,4243611,5123,354
2025-02-06$22.41$20.0063.1%15.3%39.1%52.3%52.4%3.5%-4.7%331.4K-7.9M-48.7K0.1232.69N/AN/A841012,4283,349
2025-02-07$22.64$21.0055.5%15.2%37.0%37.4%53.8%4.3%-3.7%362.6K-8.4M-48.9K2.6638.79N/AN/A5181,37912,4693,435
2025-02-10$23.38$22.0057.2%15.4%38.2%40.8%52.5%4.2%-3.2%366.7K-9.9M-52.0K0.5241.93N/AN/A52627612,7794,764
2025-02-11$24.24$22.0051.3%15.2%39.5%29.1%55.9%4.2%-3.0%451.8K-13.3M-53.4K0.3942.64N/AN/A45617613,0944,950
2025-02-12$23.52$22.0053.8%15.4%41.2%34.1%56.7%4.2%-3.4%469.0K-11.0M-52.2K0.1244.36N/AN/A1,95023313,3395,070
2025-02-13$22.88$22.0054.2%15.5%39.8%34.8%56.7%3.7%-1.8%531.7K-9.0M-51.2K0.1643.58N/AN/A4997914,3415,211
2025-02-14$22.54$22.0054.5%15.6%40.0%35.4%56.6%1.8%-3.9%384.0K-6.7M-48.6K0.5247.03N/AN/A35718714,1715,244
2025-02-18$22.34$22.0058.3%16.7%40.0%42.9%57.5%4.1%-6.2%310.4K-5.8M-45.3K0.2339.32N/AN/A65614914,2015,349
2025-02-19$21.88$22.0058.0%16.6%39.9%42.3%58.7%3.0%-6.2%29.5K-3.9M-43.2K0.0255.70N/AN/A3,8507414,4245,419
2025-02-20$21.17$22.0059.8%17.1%40.0%45.8%59.3%5.1%-27.5%72.7K-1.5M-40.2K0.5442.01N/AN/A41922815,2695,459
2025-02-21$20.36$22.0060.0%17.2%40.2%46.2%60.5%3.2%-7.1%90.5K129.7K-38.0K0.2346.39N/AN/A1,44133815,3175,504
2025-02-24$20.73$22.0064.3%18.4%39.9%54.6%68.0%7.3%-8.8%106.0K-2.7M-44.3K42.4730.19N/AN/A52622,3419,9983,796
2025-02-25$20.77$22.0069.9%20.0%39.9%65.6%70.1%7.2%-12.7%-703.4K10.2M-84.9K0.3238.90N/AN/A1,96762810,33125,901
2025-02-26$20.73$20.0047.6%13.6%39.7%21.7%49.7%4.4%-1.0%-1.0M8.1M-79.9K0.8626.68N/AN/A99285011,62326,538
2025-02-27$19.63$21.0051.1%14.7%42.0%28.8%52.5%5.6%-2.7%-1.1M16.2M-78.1K2.1227.02N/AN/A1,8493,92411,42626,407
2025-02-28$19.31$20.0051.0%14.6%42.1%28.5%51.0%3.8%-2.4%-974.3K15.2M-73.3K3.1339.85N/AN/A15849412,20823,604