CRAK Options History — January 2023

In January 2023, CRAK traded between $30.24 and $33.86. ATM implied volatility averaged 21.8%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 1.1% (HV 20d: 20.7%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.92.

Notable Days

2023-01-20: Highest Volume — 35 contracts
2023-01-30: Largest IV spike — 102.7% change
2023-01-30: Highest IV Rank — 26.4%
2023-01-30: Largest Expected Move — 9.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.13	$30.24	$33.86	$30.43	$32.73
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	21.8%	15.8%	34.2%	23.3%	21.7%
Expected Move	6.3%	4.5%	9.8%	6.7%	6.2%
HV 20d	20.7%	16.6%	24.4%	24.4%	18.8%
HV 60d	23.7%	23.0%	25.2%	25.2%	23.1%
IV Rank	7.9%	0.0%	26.4%	9.6%	8.4%
IV Percentile	8.7%	0.0%	51.6%	6.7%	6.7%
Term Structure	-0.2%	-25.6%	24.6%	24.6%	-1.1%
VWIV	20.3%	20.3%	20.3%	20.3%	20.3%
Skew 25d	2.6%	-17.6%	17.7%	-17.6%	8.1%
Skew 10d	2.6%	-4.7%	12.7%	3.6%	0.9%
Call IV 25d	20.1%	12.9%	60.4%	60.4%	18.6%
Put IV 25d	22.7%	13.1%	42.8%	42.8%	26.7%
Bid-Ask Spread %	131.42	116.39	147.34	145.19	116.39
Gamma HHI	0.30	0.22	0.41	0.22	0.40
Net GEX	17.8K	6.7K	24.7K	11.9K	21.0K
Net DEX	-229.8K	-360.4K	-75.4K	-122.0K	-247.0K
Net VEX	-724	-869	-645	-733	-645
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.92	0.00	8.50	8.50	0.00
Total Volume	5.35	0	35	19	0
Total OI	219.8	178	250	220	184

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-01-03	$30.43	$30.00	23.3%	6.7%	24.4%	9.6%	0.0%	-17.6%	24.6%	11.9K	-122.0K	-733	8.50	145.19	2	17	183	37
2023-01-04	$30.24	$30.00	23.2%	6.6%	22.4%	9.4%	0.0%	2.4%	-1.6%	6.8K	-106.3K	-869	0.00	122.64	0	0	184	54
2023-01-05	$30.38	$30.00	21.5%	9.4%	22.3%	7.0%	0.0%	2.1%	4.7%	6.7K	-75.4K	-696	0.00	126.57	0	0	184	54
2023-01-06	$31.04	$30.00	25.1%	7.2%	23.8%	12.2%	0.0%	3.7%	-1.8%	11.6K	-152.7K	-854	0.00	122.95	0	0	184	54
2023-01-09	$30.96	$30.00	27.9%	5.0%	23.3%	16.3%	0.0%	-1.7%	-0.8%	12.5K	-138.0K	-774	0.00	147.27	0	0	184	54
2023-01-10	$31.13	$30.00	19.4%	5.5%	23.1%	3.9%	0.0%	-4.7%	-4.3%	15.9K	-153.6K	-704	0.00	147.24	0	0	184	54
2023-01-11	$31.33	$30.00	22.3%	6.4%	21.8%	8.1%	0.0%	-2.3%	-1.5%	17.3K	-172.2K	-726	0.00	136.33	0	0	184	54
2023-01-12	$31.89	$30.00	17.4%	5.0%	22.4%	1.1%	0.0%	-0.7%	6.1%	17.8K	-224.1K	-757	0.67	138.76	3	2	184	54
2023-01-13	$32.07	$30.00	18.6%	5.3%	22.4%	2.8%	0.0%	3.5%	-3.4%	22.1K	-276.3K	-767	0.00	126.91	12	0	189	54
2023-01-17	$32.17	$30.00	20.9%	6.0%	22.1%	6.1%	0.0%	2.8%	-8.7%	24.7K	-284.1K	-742	0.00	126.67	9	0	192	54
2023-01-18	$32.12	$30.00	20.7%	5.9%	22.1%	5.8%	0.0%	17.4%	-2.9%	24.6K	-272.6K	-746	0.00	127.80	15	0	196	54
2023-01-19	$32.66	$30.00	15.8%	4.5%	19.4%	0.0%	0.0%	17.7%	8.1%	21.5K	-306.8K	-711	0.00	133.68	0	0	196	54
2023-01-20	$33.00	$30.00	16.1%	4.6%	18.9%	0.4%	0.0%	5.1%	11.9%	24.7K	-360.4K	-700	0.00	129.18	35	0	196	54
2023-01-23	$33.20	$30.00	22.7%	6.5%	18.9%	9.8%	0.0%	3.8%	-4.1%	20.6K	-280.9K	-657	0.00	133.02	0	1	159	19
2023-01-24	$33.34	$30.00	25.6%	7.4%	17.9%	14.1%	0.0%	6.7%	-3.0%	18.5K	-271.8K	-687	0.00	147.34	2	0	159	20
2023-01-25	$33.36	$30.00	24.7%	7.1%	17.6%	12.7%	20.3%	1.6%	1.9%	15.5K	-267.1K	-686	0.00	130.74	7	0	159	20
2023-01-26	$33.86	$30.00	17.4%	5.0%	17.8%	2.3%	0.0%	3.8%	-0.1%	22.2K	-317.2K	-659	0.00	118.52	1	0	163	20
2023-01-27	$33.69	$30.00	16.9%	4.8%	16.6%	1.5%	0.0%	-4.1%	-1.7%	18.5K	-294.4K	-695	0.00	127.66	1	0	164	20
2023-01-30	$33.03	$30.00	34.2%	9.8%	18.3%	26.4%	0.0%	3.9%	-25.6%	21.2K	-274.0K	-680	0.00	123.61	0	0	164	20
2023-01-31	$32.73	$30.00	21.7%	6.2%	18.8%	8.4%	0.0%	8.1%	-1.1%	21.0K	-247.0K	-645	0.00	116.39	0	0	164	20