CRAK Options History — March 2025

In March 2025, CRAK traded between $27.96 and $29.79. ATM implied volatility averaged 45.2%, placing in the 29.6% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 29.2% (HV 20d: 16.0%). Max pain ranged from $30.00 to $33.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.33.

Notable Days

2025-03-10: Highest Volume — 100 contracts
2025-03-11: Largest IV drop — 33.5% change
2025-03-10: Highest IV Rank — 42.2%
2025-03-14: Largest Expected Move — 20.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.94	$27.96	$29.79	$27.98	$28.82
Max Pain	$32.31	$30.00	$33.00	$33.00	$30.00
ATM IV	45.2%	36.7%	60.8%	53.1%	48.7%
Expected Move	12.9%	7.4%	20.3%	15.2%	9.5%
HV 20d	16.0%	14.8%	17.2%	17.1%	15.4%
HV 60d	18.0%	15.2%	19.6%	19.0%	15.4%
IV Rank	29.6%	22.6%	42.2%	36.0%	32.4%
IV Percentile	61.5%	41.7%	88.5%	76.6%	70.2%
Term Structure	-11.3%	-15.9%	-7.4%	-15.6%	-15.9%
Skew 25d	1.6%	-4.2%	19.1%	0.9%	0.8%
Skew 10d	6.5%	-29.7%	29.5%	15.1%	6.8%
Call IV 25d	50.7%	24.5%	66.0%	65.0%	64.5%
Put IV 25d	52.3%	43.5%	67.1%	65.9%	65.3%
Bid-Ask Spread %	165.31	153.43	178.53	155.15	176.73
Gamma HHI	0.42	0.30	0.52	0.52	0.30
Net GEX	24.3K	14.1K	35.5K	14.2K	31.0K
Net DEX	-253.7K	-394.1K	-110.5K	-174.1K	-324.1K
Net VEX	-1.9K	-2.2K	-1.4K	-1.6K	-1.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.33	0.00	1.33	0.00	0.00
Total Volume	5.238	0	100	0	0
Total OI	443.381	337	549	337	549

Daily Data (21 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
2025-03-03	$27.98	$33.00	53.1%	15.2%	17.1%	36.0%	0.0%	0.9%	-15.6%	14.2K	-174.1K	-1.6K	0.00	155.15	0	0	327	10
2025-03-04	$27.96	$33.00	50.5%	14.5%	16.8%	33.8%	0.0%	1.1%	-14.8%	14.1K	-167.3K	-1.6K	0.00	153.43	0	0	327	10
2025-03-05	$28.16	$33.00	52.9%	15.2%	15.1%	35.8%	0.0%	1.1%	-7.4%	14.7K	-181.3K	-1.6K	0.00	154.49	0	0	327	10
2025-03-06	$28.15	$33.00	56.3%	16.1%	15.1%	38.5%	0.0%	1.7%	-8.9%	14.6K	-182.0K	-1.6K	0.00	156.45	0	0	327	10
2025-03-07	$28.67	$33.00	56.1%	16.1%	16.3%	38.4%	0.0%	1.2%	-8.5%	16.2K	-209.1K	-1.7K	0.00	156.52	0	0	327	10
2025-03-10	$28.51	$33.00	60.8%	17.4%	16.2%	42.2%	0.0%	1.5%	-9.3%	15.7K	-198.3K	-1.7K	0.00	154.66	100	0	327	10
2025-03-11	$28.45	$33.00	40.4%	19.6%	15.3%	25.6%	0.0%	0.8%	-12.3%	20.6K	-211.0K	-2.0K	1.33	155.78	3	4	427	10
2025-03-12	$28.73	$33.00	36.7%	18.4%	15.6%	22.6%	0.0%	1.4%	-9.7%	21.2K	-205.1K	-2.0K	0.00	155.52	0	0	430	14
2025-03-13	$28.57	$33.00	37.3%	19.8%	14.8%	23.1%	0.0%	1.2%	-10.6%	20.0K	-185.7K	-1.8K	0.00	156.73	0	0	430	14
2025-03-14	$29.10	$33.00	37.5%	20.3%	16.2%	23.3%	0.0%	1.3%	-10.0%	23.1K	-221.0K	-2.0K	0.00	156.52	0	0	430	14
2025-03-17	$29.66	$30.00	38.2%	7.7%	17.2%	23.9%	0.0%	1.1%	-11.9%	26.7K	-267.2K	-2.1K	0.00	164.48	0	0	430	14
2025-03-18	$29.68	$30.00	38.1%	7.7%	16.7%	23.8%	0.0%	19.1%	-10.9%	26.7K	-260.1K	-2.1K	0.00	165.83	2	0	430	14
2025-03-19	$29.79	$30.00	38.0%	7.4%	16.2%	23.6%	0.0%	1.7%	-11.9%	27.9K	-273.6K	-2.1K	0.00	165.96	0	0	432	14
2025-03-20	$29.73	$0.00	38.3%	8.5%	16.0%	23.9%	0.0%	1.1%	-7.8%	27.5K	-270.6K	-2.2K	0.00	177.79	0	0	432	14
2025-03-21	$29.23	$0.00	42.4%	9.5%	16.0%	27.2%	0.0%	0.7%	-9.8%	23.1K	-110.5K	-1.4K	0.00	177.59	1	0	432	14
2025-03-24	$29.51	$0.00	42.3%	8.6%	16.3%	27.1%	0.0%	0.9%	-10.3%	35.5K	-394.1K	-2.2K	0.00	177.80	0	0	538	11
2025-03-25	$29.41	$0.00	45.7%	9.4%	16.3%	29.9%	0.0%	0.9%	-14.6%	34.9K	-386.9K	-2.2K	0.00	177.81	0	0	538	11
2025-03-26	$29.42	$0.00	44.9%	9.7%	15.6%	29.3%	0.0%	0.2%	-11.5%	34.9K	-383.8K	-2.1K	0.00	177.47	0	0	538	11
2025-03-27	$29.27	$0.00	46.2%	9.8%	15.7%	30.3%	0.0%	-0.1%	-11.3%	33.8K	-370.0K	-2.1K	0.00	178.53	0	0	538	11
2025-03-28	$28.95	$0.00	45.8%	9.4%	16.2%	30.0%	0.0%	-4.2%	-13.4%	32.9K	-351.2K	-2.2K	0.00	176.23	0	0	538	11
2025-03-31	$28.82	$0.00	48.7%	9.5%	15.4%	32.4%	0.0%	0.8%	-15.9%	31.0K	-324.1K	-1.9K	0.00	176.73	0	0	538	11