CRAK Options History — September 2025

In September 2025, CRAK traded between $35.58 and $37.59. ATM implied volatility averaged 37.5%, placing in the 19.1% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 25.5% (HV 20d: 12.0%). Max pain ranged from $32.00 to $36.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.09.

Notable Days

2025-09-19: Highest Volume — 120 contracts
2025-09-10: Largest IV drop — 38.9% change
2025-09-09: Highest IV Rank — 27.8%
2025-09-02: Largest Expected Move — 12.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.57	$35.58	$37.59	$35.59	$36.81
Max Pain	$33.43	$32.00	$36.00	$33.00	$34.00
ATM IV	37.5%	30.0%	49.1%	44.6%	39.7%
Expected Move	9.8%	8.3%	12.8%	12.8%	11.4%
HV 20d	12.0%	10.8%	14.0%	12.3%	12.6%
HV 60d	13.4%	12.9%	13.8%	13.6%	13.1%
IV Rank	19.1%	12.8%	27.8%	26.8%	20.5%
IV Percentile	26.2%	6.3%	61.9%	49.6%	36.5%
Term Structure	-11.8%	-16.9%	-7.4%	-11.9%	-11.5%
VWIV	18.2%	15.4%	21.1%	21.1%	18.0%
Skew 25d	-1.0%	-22.8%	4.0%	4.0%	-7.0%
Skew 10d	10.0%	-23.9%	18.3%	18.1%	5.9%
Call IV 25d	40.3%	33.5%	51.1%	49.5%	49.0%
Put IV 25d	39.3%	18.8%	53.5%	53.5%	42.0%
Bid-Ask Spread %	165.74	145.95	176.92	146.94	162.09
Gamma HHI	0.38	0.30	0.48	0.48	0.35
Net GEX	17.8K	10.5K	23.4K	16.9K	18.1K
Net DEX	-514.6K	-742.3K	-398.7K	-464.2K	-409.8K
Net VEX	-937	-1.1K	-744	-968	-945
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.09	0.00	1.00	0.00	0.00
Total Volume	15.238	0	120	10	0
Total OI	315.238	243	385	329	246

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
2025-09-02	$35.59	$33.00	44.6%	12.8%	12.3%	26.8%	0.0%	4.0%	-11.9%	16.9K	-464.2K	-968	0.00	146.94	10	0	220	109
2025-09-03	$35.58	$33.00	41.8%	12.0%	11.9%	24.0%	0.0%	2.2%	-12.9%	18.4K	-478.9K	-984	0.00	145.95	0	0	230	109
2025-09-04	$35.74	$32.00	45.2%	8.3%	11.7%	26.6%	0.0%	1.4%	-15.0%	16.9K	-479.6K	-958	0.00	176.92	0	0	230	109
2025-09-05	$35.89	$32.00	45.0%	8.4%	11.7%	26.4%	0.0%	2.6%	-16.4%	17.3K	-500.6K	-909	0.00	174.68	0	0	230	109
2025-09-08	$36.17	$32.00	49.0%	8.5%	11.7%	27.8%	0.0%	3.2%	-15.4%	18.1K	-544.6K	-794	0.00	174.53	0	0	230	109
2025-09-09	$36.34	$32.00	49.1%	8.6%	10.8%	27.8%	0.0%	3.3%	-16.5%	17.7K	-562.5K	-772	0.00	171.57	22	0	230	109
2025-09-10	$36.22	$32.00	30.0%	8.6%	11.0%	12.8%	0.0%	3.7%	-16.0%	15.1K	-482.4K	-744	0.00	172.61	53	0	208	109
2025-09-11	$36.23	$32.00	31.2%	8.9%	11.1%	13.8%	0.0%	2.9%	-16.9%	20.1K	-529.3K	-1.1K	0.00	172.69	0	0	261	109
2025-09-12	$35.92	$32.00	31.0%	8.9%	11.7%	13.6%	0.0%	1.7%	-16.3%	23.4K	-637.0K	-889	0.00	175.28	2	0	261	109
2025-09-15	$36.61	$32.00	31.6%	9.1%	12.8%	14.1%	21.1%	-0.7%	-8.0%	23.2K	-593.9K	-891	1.00	169.36	2	2	263	109
2025-09-16	$37.05	$36.00	31.4%	9.0%	12.9%	13.9%	0.0%	2.4%	-8.2%	20.2K	-637.5K	-976	0.00	168.57	25	0	263	111
2025-09-17	$37.06	$36.00	32.5%	9.3%	12.9%	14.8%	0.0%	1.6%	-10.2%	18.0K	-570.5K	-917	0.00	165.99	0	0	238	111
2025-09-18	$36.81	$36.00	33.1%	9.5%	13.4%	15.3%	15.4%	3.6%	-8.1%	17.7K	-528.4K	-934	0.00	160.63	80	0	238	111
2025-09-19	$36.53	$34.00	33.5%	9.6%	14.0%	15.6%	18.0%	1.5%	-7.4%	10.5K	-742.3K	-940	0.00	166.68	120	0	274	111
2025-09-22	$36.70	$34.00	34.1%	9.8%	11.9%	16.1%	0.0%	2.1%	-8.1%	16.8K	-398.7K	-1.0K	0.00	165.17	0	0	191	52
2025-09-23	$37.02	$34.00	34.7%	9.9%	11.8%	16.5%	0.0%	2.0%	-7.5%	16.9K	-422.2K	-966	0.00	165.62	1	0	191	52
2025-09-24	$37.34	$34.00	36.5%	10.5%	11.3%	18.0%	0.0%	-22.8%	-8.8%	17.4K	-435.2K	-1.1K	0.00	162.55	0	0	192	52
2025-09-25	$37.50	$34.00	36.5%	10.5%	11.1%	18.0%	0.0%	-17.3%	-9.6%	17.0K	-464.2K	-947	0.00	160.62	2	0	192	52
2025-09-26	$37.59	$34.00	36.3%	10.4%	11.1%	17.8%	0.0%	-11.6%	-8.8%	17.2K	-474.7K	-938	0.00	161.06	0	0	193	52
2025-09-29	$37.31	$34.00	40.2%	11.5%	11.2%	20.9%	0.0%	1.0%	-14.1%	16.2K	-450.5K	-1.0K	0.00	161.06	1	0	193	52
2025-09-30	$36.81	$34.00	39.7%	11.4%	12.6%	20.5%	0.0%	-7.0%	-11.5%	18.1K	-409.8K	-945	0.00	162.09	0	0	194	52