CRAK Options History — September 2023

In September 2023, CRAK traded between $34.13 and $35.75. ATM implied volatility averaged 24.7%, placing in the 14.2% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 10.8% (HV 20d: 13.9%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.03.

Notable Days

2023-09-05: Highest Volume — 97 contracts
2023-09-22: Largest IV spike — 125.9% change
2023-09-07: Highest IV Rank — 36.8%
2023-09-22: Largest Expected Move — 11.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$35.04	$34.13	$35.75	$34.19	$34.60
Max Pain	$30.30	$30.00	$31.00	$31.00	$30.00
ATM IV	24.7%	15.3%	45.4%	15.3%	18.2%
Expected Move	6.2%	4.1%	11.0%	4.4%	5.2%
HV 20d	13.9%	11.6%	16.2%	14.8%	16.2%
HV 60d	15.8%	15.2%	16.2%	15.8%	16.0%
IV Rank	14.2%	4.0%	36.8%	4.0%	7.1%
IV Percentile	40.5%	2.8%	87.7%	2.8%	19.0%
Term Structure	-3.1%	-18.7%	9.4%	-2.9%	0.2%
VWIV	24.2%	15.4%	50.4%	15.4%	23.3%
Skew 25d	1.6%	-12.4%	8.4%	5.5%	5.5%
Skew 10d	5.9%	-1.0%	27.2%	4.4%	-0.4%
Call IV 25d	22.0%	11.7%	46.1%	15.4%	19.2%
Put IV 25d	23.6%	12.5%	46.7%	20.9%	24.7%
Bid-Ask Spread %	137.96	127.10	150.50	130.04	130.30
Gamma HHI	0.50	0.24	0.82	0.63	0.37
Net GEX	23.2K	7.7K	60.0K	45.5K	9.6K
Net DEX	-339.3K	-494.2K	-212.7K	-381.2K	-251.0K
Net VEX	-511	-715	-342	-710	-452
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.03	0.00	0.32	0.00	0.00
Total Volume	11.8	0	97	13	8
Total OI	198.4	125	297	297	129

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
2023-09-01	$34.19	$31.00	15.3%	4.4%	14.8%	4.0%	15.4%	5.5%	-2.9%	45.5K	-381.2K	-710	0.00	130.04	13	0	240	57
2023-09-05	$34.17	$31.00	22.6%	5.3%	14.6%	12.0%	0.0%	-0.5%	2.7%	43.1K	-367.8K	-715	0.02	131.84	95	2	240	57
2023-09-06	$34.13	$31.00	20.4%	4.1%	14.5%	9.5%	16.2%	-9.2%	9.4%	33.2K	-314.6K	-625	0.00	128.69	10	0	209	57
2023-09-07	$34.47	$31.00	45.4%	5.1%	13.5%	36.8%	0.0%	0.9%	0.2%	43.4K	-360.5K	-648	0.00	143.50	4	0	214	57
2023-09-08	$35.13	$31.00	36.6%	6.6%	14.9%	27.2%	16.0%	3.4%	1.3%	60.0K	-451.1K	-647	0.00	147.50	4	0	214	57
2023-09-11	$35.38	$31.00	22.7%	5.5%	14.8%	12.1%	50.4%	-0.3%	0.0%	36.0K	-490.6K	-579	0.32	135.25	31	10	216	57
2023-09-12	$35.48	$30.00	21.1%	4.4%	13.8%	10.3%	20.6%	0.9%	-6.1%	36.6K	-494.2K	-537	0.00	127.10	31	0	208	65
2023-09-13	$35.36	$30.00	17.7%	5.1%	11.6%	6.6%	0.0%	6.3%	-3.9%	28.7K	-432.2K	-470	0.00	132.63	6	0	189	65
2023-09-14	$35.72	$30.00	19.7%	5.6%	11.6%	8.7%	27.2%	0.1%	5.3%	24.6K	-451.7K	-483	0.00	127.90	10	0	186	65
2023-09-15	$35.41	$30.00	17.6%	5.0%	12.4%	6.5%	0.0%	-0.8%	-4.4%	25.6K	-465.4K	-445	0.00	133.36	1	0	196	65
2023-09-18	$35.75	$30.00	15.5%	4.4%	12.6%	4.2%	0.0%	7.0%	-0.4%	8.6K	-285.4K	-404	0.00	136.97	0	0	107	18
2023-09-19	$35.46	$30.00	30.4%	8.7%	13.2%	20.4%	0.0%	6.9%	-9.7%	9.0K	-285.5K	-342	0.00	139.96	7	0	107	18
2023-09-20	$35.24	$30.00	26.4%	7.6%	13.5%	16.0%	0.0%	4.5%	-18.1%	8.8K	-253.3K	-445	0.00	145.19	0	0	107	18
2023-09-21	$35.10	$30.00	17.0%	4.9%	13.5%	5.9%	0.0%	5.6%	7.4%	9.1K	-263.8K	-418	0.00	136.05	0	0	107	18
2023-09-22	$35.31	$30.00	38.5%	11.0%	13.3%	29.2%	0.0%	8.4%	-5.1%	8.4K	-267.0K	-409	0.00	145.87	0	0	107	18
2023-09-25	$35.34	$30.00	19.6%	5.6%	13.0%	8.6%	0.0%	0.6%	-4.7%	7.7K	-247.4K	-540	0.00	150.19	0	0	107	18
2023-09-26	$34.61	$30.00	37.5%	10.8%	15.2%	28.2%	0.0%	0.5%	-18.7%	7.9K	-212.7K	-490	0.00	150.50	0	0	107	18
2023-09-27	$34.81	$30.00	29.7%	8.5%	15.3%	19.6%	0.0%	-12.4%	-9.0%	9.1K	-249.0K	-426	0.00	147.19	0	0	107	18
2023-09-28	$35.13	$30.00	21.8%	6.2%	15.6%	11.0%	0.0%	0.3%	-4.6%	8.8K	-261.2K	-427	0.00	139.08	4	0	107	18
2023-09-29	$34.60	$30.00	18.2%	5.2%	16.2%	7.1%	23.3%	5.5%	0.2%	9.6K	-251.0K	-452	0.00	130.30	8	0	111	18