CWH Options History — November 2025

In November 2025, CWH traded between $9.54 and $12.98. ATM implied volatility averaged 60.0%, placing in the 23.1% IV rank vs the trailing year. The 30-day expected move averaged 17.1%. IV traded below realized volatility by 46.3% (HV 20d: 106.3%). Max pain ranged from $12.00 to $15.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.79.

Notable Days

  • 2025-11-19: Highest Volume — 40,717 contracts
  • 2025-11-28: Largest IV spike — 8.6% change
  • 2025-11-19: Highest IV Rank — 29.0%
  • 2025-11-19: Largest Expected Move — 18.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.24$9.54$12.98$12.98$11.16
Max Pain$13.84$12.00$15.00$14.00$12.00
ATM IV60.0%55.8%64.6%59.8%61.1%
Expected Move17.1%16.0%18.5%17.1%17.5%
HV 20d106.3%75.4%119.5%105.1%75.5%
HV 60d74.2%71.7%78.3%73.4%78.2%
IV Rank23.1%17.7%29.0%22.9%24.5%
IV Percentile71.1%56.7%84.1%72.6%73.8%
Term Structure-1.2%-7.9%4.4%4.4%2.0%
VWIV61.6%57.0%69.9%61.2%59.7%
Skew 25d2.2%-11.9%10.6%-11.9%-0.7%
Skew 10d6.2%-13.9%35.9%-12.8%15.8%
Call IV 25d59.7%54.1%68.6%68.6%59.4%
Put IV 25d61.9%56.7%70.0%56.7%58.7%
Bid-Ask Spread %84.5673.1195.1980.1388.70
Gamma HHI0.280.210.360.210.29
Net GEX190.1K35.1K376.5K376.5K194.6K
Net DEX-6.6M-16.4M1.3M-9.8M-16.2M
Net VEX-148.3K-233.2K-84.6K-148.9K-226.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.013.913.910.24
Total Volume3,006.4215440,717677118
Total OI61,486.89557,40379,17157,40360,636

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$12.98$14.0059.8%17.1%105.1%22.9%61.2%-11.9%4.4%376.5K-9.8M-148.9K3.9180.13N/AN/A13853948,3869,017
2025-11-04$12.02$14.0061.7%17.7%107.2%25.3%69.9%-6.6%-5.7%249.4K-5.4M-131.8K0.9573.11N/AN/A52550148,3689,341
2025-11-05$12.55$14.0061.6%17.7%108.8%25.1%61.8%0.5%-3.2%331.6K-7.6M-138.0K0.4976.24N/AN/A51225248,6279,655
2025-11-06$11.93$15.0063.3%16.8%109.7%27.3%59.0%1.1%-3.2%218.8K-5.5M-132.6K0.0382.72N/AN/A5,00713248,6389,863
2025-11-07$12.35$15.0058.1%16.3%109.9%20.8%57.7%1.4%-1.9%304.8K-6.2M-135.1K2.6979.42N/AN/A11230149,4009,888
2025-11-10$11.65$15.0060.5%18.1%110.3%23.8%63.0%2.2%-7.9%218.3K-4.6M-125.2K0.6980.88N/AN/A61642849,4319,768
2025-11-11$11.58$14.0056.8%16.1%108.9%19.0%58.2%2.2%-2.4%234.7K-3.1M-116.8K0.4987.57N/AN/A32415949,6409,610
2025-11-12$11.39$14.0058.5%16.8%108.7%21.1%62.2%-1.5%-0.5%212.2K-3.8M-117.5K0.1587.75N/AN/A99115049,7559,583
2025-11-13$10.98$14.0058.7%16.8%108.9%21.4%60.0%-0.4%-1.2%150.4K-2.5M-112.4K0.3084.27N/AN/A2256849,6689,695
2025-11-14$10.75$14.0055.8%16.0%108.9%17.7%59.4%2.5%0.9%121.2K-1.1M-100.8K0.9888.92N/AN/A32431649,8459,717
2025-11-17$10.12$14.0059.1%16.9%109.3%22.0%59.8%4.3%-2.4%40.1K1.2M-86.4K1.2087.62N/AN/A49058749,9419,820
2025-11-18$10.12$14.0061.3%17.6%107.5%24.8%62.1%10.6%-3.1%43.6K381.6K-92.3K0.4394.05N/AN/A37816250,26410,055
2025-11-19$9.54$14.0064.6%18.5%106.9%29.0%65.1%9.2%-1.1%35.1K1.3M-84.6K0.0195.19N/AN/A40,20551250,5639,960
2025-11-20$9.55$14.0063.1%18.1%106.4%27.1%65.4%6.8%0.7%119.0K-6.2M-179.8K1.1092.30N/AN/A27230069,05810,113
2025-11-21$10.54$14.0059.9%17.2%114.1%23.0%63.1%6.7%1.1%164.3K-10.4M-208.7K0.8692.01N/AN/A36731569,10910,032
2025-11-24$11.34$14.0061.7%17.7%119.1%25.2%58.5%4.6%1.5%182.6K-13.4M-217.4K0.0875.23N/AN/A1,0989351,9997,730
2025-11-25$11.49$12.0058.0%16.6%119.5%20.5%67.4%5.4%-0.8%209.4K-16.2M-231.4K0.0978.16N/AN/A5064552,7347,748
2025-11-26$11.45$12.0056.3%16.1%75.4%18.3%57.0%5.6%-0.1%205.6K-16.4M-233.2K0.3282.41N/AN/A411352,8217,773
2025-11-28$11.16$12.0061.1%17.5%75.5%24.5%59.7%-0.7%2.0%194.6K-16.2M-226.1K0.2488.70N/AN/A952352,8447,792