CWH Options History — May 2025

In May 2025, CWH traded between $13.28 and $17.23. ATM implied volatility averaged 54.6%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 15.2%. IV traded below realized volatility by 32.2% (HV 20d: 86.8%). Max pain ranged from $12.00 to $13.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.24.

Notable Days

  • 2025-05-20: Highest Volume — 7,448 contracts
  • 2025-05-14: Largest IV drop — 13.0% change
  • 2025-05-05: Highest IV Rank — 31.3%
  • 2025-05-01: Largest Expected Move — 18.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.67$13.28$17.23$13.28$16.44
Max Pain$12.05$12.00$13.00$12.00$12.00
ATM IV54.6%47.5%65.7%65.0%49.0%
Expected Move15.2%13.6%18.6%18.6%14.1%
HV 20d86.8%56.1%117.6%117.6%56.1%
HV 60d81.1%78.2%82.8%78.2%82.6%
IV Rank16.9%8.0%31.3%30.4%9.2%
IV Percentile55.2%32.5%82.9%81.3%37.7%
Term Structure1.5%-4.9%4.9%-4.9%1.0%
VWIV53.5%47.4%69.8%69.8%49.8%
Skew 25d5.1%2.2%8.5%8.5%4.1%
Skew 10d11.6%5.6%23.5%13.1%8.5%
Call IV 25d51.0%45.6%60.7%60.7%46.4%
Put IV 25d56.1%50.0%69.2%69.2%50.5%
Bid-Ask Spread %68.4862.0077.0670.8562.00
Gamma HHI0.210.190.260.190.19
Net GEX717.3K511.8K911.5K519.4K802.8K
Net DEX-33.8M-44.1M-20.8M-20.8M-35.1M
Net VEX-200.9K-215.7K-179.5K-179.5K-204.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.240.010.640.070.48
Total Volume1,475.2382147,4484,209214
Total OI64,824.47659,96269,46468,35162,180

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$13.28$12.0065.0%18.6%117.6%30.4%69.8%8.5%-4.9%519.4K-20.8M-179.5K0.0770.85N/AN/A3,93427558,8919,460
2025-05-02$13.86$13.0059.5%17.1%100.8%23.5%59.9%7.3%-1.8%568.0K-25.7M-189.9K0.0974.51N/AN/A1,57313859,8379,627
2025-05-05$13.98$12.0065.7%17.3%96.5%31.3%65.5%5.9%4.5%569.8K-26.4M-190.3K0.1969.67N/AN/A1,51729359,5849,698
2025-05-06$13.91$12.0059.5%16.6%96.5%23.4%57.7%7.2%4.3%549.3K-24.8M-186.4K0.0768.87N/AN/A1,3399659,2789,918
2025-05-07$13.91$12.0059.9%16.4%94.6%23.9%56.8%5.9%4.9%511.8K-24.7M-183.1K0.2674.01N/AN/A2606758,6309,930
2025-05-08$14.48$12.0060.7%16.2%87.6%24.9%55.7%5.9%3.9%556.0K-29.1M-193.1K0.0369.09N/AN/A3,2478858,7729,971
2025-05-09$14.76$12.0056.4%15.7%81.8%19.6%55.3%6.3%4.7%569.2K-28.0M-191.9K0.1467.91N/AN/A1,14916156,4439,976
2025-05-12$16.47$12.0060.6%14.9%85.5%24.8%50.3%5.0%4.2%767.3K-41.3M-211.4K0.1168.49N/AN/A2,88631556,17810,041
2025-05-13$16.66$12.0059.7%14.4%85.4%23.7%50.8%4.5%4.6%801.5K-43.0M-215.7K0.1371.66N/AN/A6828656,31810,111
2025-05-14$16.41$12.0051.9%14.9%84.4%14.0%51.9%2.2%3.7%780.5K-41.1M-211.3K0.4676.47N/AN/A1788156,64910,145
2025-05-15$16.05$12.0052.0%14.9%83.7%14.0%51.3%2.9%0.4%737.2K-38.1M-203.0K0.1877.06N/AN/A2073856,65410,147
2025-05-16$16.84$12.0047.9%13.7%84.4%8.9%48.7%4.6%1.7%862.5K-44.1M-213.0K0.1271.63N/AN/A6698356,71410,165
2025-05-19$16.61$12.0047.9%13.7%85.0%8.9%47.4%2.7%1.7%797.9K-37.5M-209.5K0.4666.08N/AN/A2099653,5386,424
2025-05-20$16.70$12.0047.5%13.6%85.0%8.1%47.6%6.2%1.6%815.3K-38.0M-208.8K0.0162.83N/AN/A7,4014753,6626,450
2025-05-21$15.85$12.0050.9%14.6%87.4%12.3%50.2%4.2%-0.4%735.1K-31.0M-198.2K0.6065.73N/AN/A19711953,9626,473
2025-05-22$15.96$12.0051.7%14.8%86.8%13.4%54.1%5.8%-0.2%750.0K-31.8M-198.6K0.6462.33N/AN/A1318454,0696,555
2025-05-23$16.01$12.0052.5%15.1%86.6%13.6%51.9%4.3%0.6%749.8K-32.2M-199.4K0.3368.13N/AN/A30610254,1096,623
2025-05-27$16.61$12.0049.1%14.1%87.2%9.3%49.2%5.6%-3.3%817.4K-36.1M-203.2K0.0662.90N/AN/A1,2667554,1626,647
2025-05-28$17.23$12.0050.3%14.4%87.6%10.7%49.3%4.0%-0.2%911.5K-41.8M-213.5K0.1365.62N/AN/A98212354,6366,676
2025-05-29$16.97$12.0048.1%13.8%61.6%8.0%50.6%3.5%1.3%891.2K-39.7M-213.9K0.5662.31N/AN/A1719555,2716,740
2025-05-30$16.44$12.0049.0%14.1%56.1%9.2%49.8%4.1%1.0%802.8K-35.1M-204.8K0.4862.00N/AN/A1456955,3756,805