CWH Options History — March 2025

In March 2025, CWH traded between $16.09 and $18.55. ATM implied volatility averaged 55.7%, placing in the 37.7% IV rank vs the trailing year. The 30-day expected move averaged 16.5%. IV traded above realized volatility by 5.2% (HV 20d: 50.5%). Max pain ranged from $16.00 to $20.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.01.

Notable Days

  • 2025-03-18: Highest Volume — 10,062 contracts
  • 2025-03-10: Largest IV spike — 43.9% change
  • 2025-03-10: Highest IV Rank — 78.5%
  • 2025-03-10: Largest Expected Move — 21.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.19$16.09$18.55$18.55$16.11
Max Pain$19.10$16.00$20.00$20.00$16.00
ATM IV55.7%49.4%76.4%53.5%58.6%
Expected Move16.5%13.0%21.9%15.3%17.5%
HV 20d50.5%39.0%58.6%43.4%57.4%
HV 60d43.5%39.2%46.3%39.4%46.2%
IV Rank37.7%25.3%78.5%33.4%43.4%
IV Percentile65.8%48.4%97.2%62.7%75.0%
Term Structure1.6%-4.1%7.3%-3.6%3.4%
VWIV55.4%39.9%71.7%53.6%62.0%
Skew 25d4.8%-0.3%10.4%0.2%2.7%
Skew 10d8.6%-3.9%19.0%-3.9%7.4%
Call IV 25d53.3%47.0%63.0%54.9%57.5%
Put IV 25d58.1%52.2%68.9%55.1%60.2%
Bid-Ask Spread %48.0126.8297.1137.3033.91
Gamma HHI0.360.210.570.410.21
Net GEX-156.7K-927.2K526.3K-927.2K366.3K
Net DEX12.7M-9.0M29.2M20.0M-4.0M
Net VEX-67.3K-91.4K-39.7K-66.2K-75.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.024.930.070.11
Total Volume2,325.23828810,0621,365604
Total OI39,649.61930,15852,67035,77932,453

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$18.55$20.0053.5%15.3%43.4%33.4%53.6%0.2%-3.6%-927.2K20.0M-66.2K0.0737.30N/AN/A1,2778812,24423,535
2025-03-04$17.98$20.0055.6%15.9%42.7%37.5%52.1%4.6%-3.6%-912.5K24.8M-56.7K0.3752.26N/AN/A5,6092,09912,05423,593
2025-03-05$18.09$20.0053.2%15.3%39.0%32.9%51.6%5.1%2.1%-740.5K19.6M-66.5K2.5252.22N/AN/A6311,58917,43322,630
2025-03-06$18.20$20.0056.3%16.1%39.4%39.0%51.4%4.6%0.9%-744.4K18.6M-70.9K2.5949.66N/AN/A5471,41818,19622,830
2025-03-07$17.90$20.0053.1%15.2%39.0%32.7%39.9%5.5%1.4%-717.1K21.1M-65.4K0.8048.46N/AN/A1,06985918,54122,856
2025-03-10$16.09$20.0076.4%21.9%50.7%78.5%60.9%5.9%-4.1%-272.7K26.8M-46.2K1.7243.13N/AN/A1,2072,07519,35022,736
2025-03-11$16.51$20.0061.8%20.3%49.9%49.8%71.7%5.7%-3.2%-300.9K24.7M-52.4K1.5953.69N/AN/A29647020,84222,750
2025-03-12$16.66$20.0056.0%16.9%46.9%38.4%59.6%8.7%0.8%-299.4K26.0M-50.4K0.1765.26N/AN/A4086920,94022,843
2025-03-13$16.11$20.0056.9%16.5%47.1%40.2%56.2%10.4%-0.8%-70.5K29.2M-39.7K0.1368.61N/AN/A7149420,82022,854
2025-03-14$16.44$20.0055.9%16.5%48.9%38.1%48.6%6.8%-0.3%-191.9K28.6M-43.1K2.0168.19N/AN/A9619320,65722,870
2025-03-17$17.19$20.0055.2%15.7%53.5%36.8%53.1%6.8%-1.1%-557.1K18.0M-47.8K0.0449.71N/AN/A2,93311420,71918,527
2025-03-18$17.11$19.0057.6%16.8%53.6%41.6%58.0%3.9%0.8%-327.5K17.3M-49.5K0.0244.32N/AN/A9,82224023,29418,371
2025-03-19$17.45$19.0057.2%16.4%54.8%40.8%54.9%5.6%-0.2%-362.7K9.9M-81.4K0.0448.28N/AN/A3,36814832,07118,353
2025-03-20$17.09$0.0054.3%13.0%54.3%35.0%49.0%2.0%4.8%-91.5K11.1M-76.2K4.9397.11N/AN/A6213,06333,31616,985
2025-03-21$16.73$17.0053.8%16.6%53.4%34.0%58.2%1.7%4.6%391.6K14.7M-84.8K3.0437.25N/AN/A6942,11333,51219,158
2025-03-24$17.70$19.0049.6%16.0%57.6%25.8%54.1%8.8%6.8%502.6K-9.0M-91.1K0.1429.84N/AN/A1,17616324,2255,933
2025-03-25$17.63$18.0049.9%16.3%57.5%26.3%56.2%5.5%7.2%525.0K-9.0M-91.4K0.3834.46N/AN/A36713924,8276,065
2025-03-26$17.59$18.0049.4%15.9%57.5%25.3%57.5%2.8%7.3%526.3K-8.7M-90.4K0.2933.45N/AN/A2236524,9936,067
2025-03-27$17.45$18.0050.0%16.0%54.9%26.6%55.4%4.2%5.9%521.7K-8.4M-88.5K0.1234.32N/AN/A7959225,1186,120
2025-03-28$16.37$18.0055.1%16.7%58.6%36.6%58.7%-0.3%3.9%391.2K-4.9M-78.7K0.2026.82N/AN/A1,07121125,7926,169
2025-03-31$16.11$16.0058.6%17.5%57.4%43.4%62.0%2.7%3.4%366.3K-4.0M-75.8K0.1133.91N/AN/A5455926,1576,296