CWH Options History — February 2026

In February 2026, CWH traded between $8.33 and $13.65. ATM implied volatility averaged 73.7%, placing in the 38.9% IV rank vs the trailing year. The 30-day expected move averaged 21.7%. IV traded above realized volatility by 10.4% (HV 20d: 63.3%). Max pain ranged from $12.00 to $13.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.36.

Notable Days

  • 2026-02-25: Highest Volume — 6,009 contracts
  • 2026-02-11: Largest IV spike — 18.4% change
  • 2026-02-24: Highest IV Rank — 56.8%
  • 2026-02-24: Largest Expected Move — 25.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.83$8.33$13.65$13.13$8.33
Max Pain$12.68$12.00$13.00$12.00$12.00
ATM IV73.7%59.3%87.3%61.2%75.9%
Expected Move21.7%17.0%25.0%17.5%21.8%
HV 20d63.3%54.0%84.2%64.4%84.2%
HV 60d58.8%54.7%67.4%57.6%67.4%
IV Rank38.9%20.2%56.8%22.6%41.8%
IV Percentile87.2%64.7%96.4%73.4%88.5%
Term Structure-5.5%-18.2%9.5%9.0%-3.6%
VWIV77.6%60.6%89.2%60.6%76.8%
Skew 25d6.9%2.6%17.9%3.4%2.7%
Skew 10d15.2%-22.7%28.0%10.3%-22.7%
Call IV 25d73.9%58.1%83.8%58.1%76.2%
Put IV 25d80.8%61.5%93.4%61.5%78.9%
Bid-Ask Spread %67.9731.8483.0973.2043.76
Gamma HHI0.260.220.310.260.28
Net GEX294.2K125.6K416.0K386.4K125.6K
Net DEX-21.8M-33.1M-8.0M-29.2M-8.5M
Net VEX-235.8K-285.2K-150.7K-271.5K-150.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.360.046.240.381.40
Total Volume993.7371406,0095331,074
Total OI65,036.78960,01468,99363,80068,993

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$13.13$12.0061.2%17.5%64.4%22.6%60.6%3.4%9.0%386.4K-29.2M-271.5K0.3873.20N/AN/A38514855,4488,352
2026-02-03$12.91$12.0059.3%17.0%65.2%20.2%67.4%5.6%9.4%366.3K-27.4M-266.4K1.2873.09N/AN/A13717655,2688,480
2026-02-04$13.50$12.0068.5%19.6%54.0%32.2%63.1%11.2%9.5%395.3K-30.4M-282.4K0.1880.56N/AN/A2314155,1688,470
2026-02-05$12.96$13.0071.3%21.2%56.8%35.8%80.2%2.9%-7.0%361.0K-28.7M-268.6K0.0471.27N/AN/A1,0554355,3568,480
2026-02-06$13.65$13.0061.2%21.6%58.8%22.6%83.1%6.1%-4.7%416.0K-33.1M-285.2K0.6166.38N/AN/A20012356,0668,532
2026-02-09$13.40$13.0065.4%21.9%57.6%28.1%84.7%4.0%-7.0%400.9K-31.4M-277.0K1.9573.11N/AN/A5911556,0938,617
2026-02-10$12.90$13.0062.7%21.7%59.5%24.5%79.8%3.8%-7.4%377.1K-28.2M-264.5K0.4674.36N/AN/A964456,1058,712
2026-02-11$12.73$13.0074.2%21.3%58.6%39.6%79.9%9.3%-7.2%358.3K-26.6M-259.3K6.2473.86N/AN/A3723156,1008,845
2026-02-12$11.52$13.0081.6%23.4%68.5%49.3%69.2%11.9%-13.0%290.1K-19.3M-225.4K2.6677.54N/AN/A5601,49056,0988,982
2026-02-13$11.51$13.0077.1%22.1%59.2%43.4%82.4%5.7%-4.6%256.6K-17.3M-228.2K0.9774.66N/AN/A17516955,81910,201
2026-02-17$11.79$13.0081.9%23.5%58.0%49.6%79.0%2.6%-8.8%274.9K-19.7M-236.0K1.0573.37N/AN/A13414155,84210,230
2026-02-18$12.07$13.0079.8%22.9%59.0%46.9%80.6%7.3%-8.9%307.3K-20.2M-238.7K0.1277.75N/AN/A3173755,87210,319
2026-02-19$11.98$13.0081.2%23.3%54.2%48.7%82.6%4.1%-16.2%315.1K-20.1M-237.5K1.1980.43N/AN/A9511356,02410,325
2026-02-20$12.37$13.0080.8%23.2%54.1%48.3%88.4%17.9%-10.4%257.4K-21.3M-232.1K2.1983.09N/AN/A14030756,07010,110
2026-02-23$11.31$13.0086.1%24.7%61.3%55.2%89.2%7.0%-18.2%207.9K-18.2M-216.4K2.0173.29N/AN/A19539152,1427,872
2026-02-24$10.88$13.0087.3%25.0%61.9%56.8%86.9%9.9%-13.6%174.7K-16.4M-207.2K0.7455.39N/AN/A1,8051,33352,1668,226
2026-02-25$9.18$12.0076.1%21.8%83.0%42.1%72.6%4.5%-4.2%165.2K-10.0M-171.8K0.4831.84N/AN/A4,0551,95458,5819,282
2026-02-26$8.63$12.0068.4%19.6%84.2%32.0%68.8%11.0%2.1%153.8K-8.0M-161.1K1.9634.53N/AN/A43184458,6339,820
2026-02-27$8.33$12.0075.9%21.8%84.2%41.8%76.8%2.7%-3.6%125.6K-8.5M-150.7K1.4043.76N/AN/A44762758,84310,150