CWH Options History — September 2025

In September 2025, CWH traded between $15.71 and $17.77. ATM implied volatility averaged 50.2%, placing in the 10.6% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 5.7% (HV 20d: 44.5%). Max pain ranged from $16.00 to $18.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.01.

Notable Days

  • 2025-09-29: Highest Volume — 1,068 contracts
  • 2025-09-29: Largest IV spike — 12.4% change
  • 2025-09-29: Highest IV Rank — 15.3%
  • 2025-09-29: Largest Expected Move — 15.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.07$15.71$17.77$17.16$15.71
Max Pain$17.81$16.00$18.00$16.00$18.00
ATM IV50.2%47.2%53.9%51.0%52.5%
Expected Move14.4%13.7%15.5%14.6%15.1%
HV 20d44.5%37.6%51.9%51.9%50.2%
HV 60d63.3%62.3%64.9%64.9%62.8%
IV Rank10.6%6.9%15.3%11.7%13.6%
IV Percentile35.5%17.1%54.4%40.9%48.0%
Term Structure5.4%-1.3%10.4%-1.3%6.2%
VWIV51.4%48.1%54.2%51.0%54.0%
Skew 25d4.5%2.3%8.0%5.0%5.8%
Skew 10d9.2%5.2%15.7%5.9%6.9%
Call IV 25d48.7%45.1%51.9%50.1%50.3%
Put IV 25d53.2%50.6%56.1%55.1%56.1%
Bid-Ask Spread %62.1949.4072.6366.8657.73
Gamma HHI0.340.240.490.310.40
Net GEX358.2K223.6K453.3K392.0K223.6K
Net DEX-21.6M-26.5M-13.8M-22.7M-13.8M
Net VEX-204.4K-217.5K-182.0K-214.4K-182.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.055.010.551.72
Total Volume577.5241061,068433820
Total OI45,100.23839,32047,69246,83842,047

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$17.16$16.0051.0%14.6%51.9%11.7%51.0%5.0%-1.3%392.0K-22.7M-214.4K0.5566.86N/AN/A28015336,78510,053
2025-09-03$17.28$16.0052.0%14.9%51.8%13.0%54.2%4.2%-0.8%400.4K-23.2M-214.7K1.9272.63N/AN/A10720536,81710,128
2025-09-04$17.56$18.0048.2%13.7%51.8%8.1%48.9%8.0%6.0%414.3K-24.6M-215.9K0.9566.44N/AN/A18617636,83110,305
2025-09-05$17.73$18.0047.4%13.7%51.6%7.1%50.5%6.4%5.8%437.1K-26.2M-215.8K0.8267.25N/AN/A24920336,90310,274
2025-09-08$17.77$18.0049.2%13.7%48.8%9.3%52.6%6.2%5.6%444.1K-26.5M-217.5K0.5668.08N/AN/A683837,02510,307
2025-09-09$17.74$18.0047.2%13.7%47.8%6.9%52.3%4.4%5.2%448.3K-26.4M-216.3K1.3466.74N/AN/A16021437,02810,333
2025-09-10$16.80$18.0048.3%13.9%42.8%8.3%49.2%6.3%6.2%400.3K-20.3M-204.7K5.0167.98N/AN/A17487237,05710,380
2025-09-11$17.51$18.0048.4%13.9%37.6%8.4%48.1%3.8%5.1%453.3K-24.6M-209.7K0.2170.36N/AN/A2294937,10010,545
2025-09-12$16.84$18.0049.5%14.2%38.9%9.8%52.7%4.5%7.8%394.4K-20.5M-203.2K0.2262.64N/AN/A79217737,13510,557
2025-09-15$17.07$18.0050.3%14.4%39.2%10.8%51.9%5.4%4.8%394.8K-21.4M-205.1K1.0662.39N/AN/A11712436,65010,613
2025-09-16$17.38$18.0051.8%14.9%38.9%12.7%53.7%2.3%5.0%452.4K-24.2M-206.2K0.7262.49N/AN/A25018136,68110,582
2025-09-17$17.33$18.0050.8%14.6%38.2%11.4%52.1%3.2%9.0%433.8K-23.8M-206.0K1.6064.60N/AN/A23637736,85810,558
2025-09-18$17.50$18.0050.7%14.5%38.3%11.3%49.9%2.6%4.6%439.4K-24.7M-206.3K0.0566.60N/AN/A5722636,89010,573
2025-09-19$16.61$18.0050.6%14.5%41.6%11.2%52.5%2.4%5.5%252.8K-19.7M-194.5K0.8566.55N/AN/A34929637,00210,582
2025-09-22$16.53$18.0050.5%14.5%37.8%11.0%51.3%3.7%5.6%246.1K-17.2M-192.6K0.3350.58N/AN/A60319831,3827,938
2025-09-23$17.29$18.0051.0%14.6%41.5%11.7%50.0%4.6%3.9%274.5K-20.7M-203.9K0.3549.40N/AN/A45516131,8858,042
2025-09-24$17.39$18.0049.7%14.3%41.5%10.0%48.5%4.0%6.9%287.0K-21.4M-204.9K0.3552.04N/AN/A42615032,1828,137
2025-09-25$16.25$18.0052.4%15.0%47.6%13.5%53.5%3.5%6.7%248.4K-16.3M-191.7K2.1855.49N/AN/A29464132,3888,143
2025-09-26$16.56$18.0047.9%13.7%48.0%7.8%49.2%5.2%10.4%241.6K-17.5M-194.3K0.2255.17N/AN/A3718132,5338,568
2025-09-29$16.50$18.0053.9%15.5%47.8%15.3%54.2%4.1%5.3%244.4K-16.8M-192.4K0.2153.99N/AN/A88418432,6978,611
2025-09-30$15.71$18.0052.5%15.1%50.2%13.6%54.0%5.8%6.2%223.6K-13.8M-182.0K1.7257.73N/AN/A30151933,3618,686