CRAK Options History — November 2025

In November 2025, CRAK traded between $38.83 and $41.16. ATM implied volatility averaged 39.7%, placing in the 20.5% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 20.8% (HV 20d: 18.9%). Max pain ranged from $33.00 to $36.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.04.

Notable Days

2025-11-20: Highest Volume — 30 contracts
2025-11-10: Largest IV spike — 42.3% change
2025-11-25: Highest IV Rank — 28.4%
2025-11-25: Largest Expected Move — 14.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.99	$38.83	$41.16	$39.52	$39.60
Max Pain	$33.47	$33.00	$36.00	$36.00	$33.00
ATM IV	39.7%	22.6%	49.9%	37.1%	48.8%
Expected Move	10.8%	6.5%	14.3%	10.6%	14.0%
HV 20d	18.9%	17.0%	21.0%	19.5%	17.1%
HV 60d	16.2%	15.1%	16.6%	15.1%	16.6%
IV Rank	20.5%	7.0%	28.4%	18.4%	27.6%
IV Percentile	39.1%	5.2%	69.4%	28.2%	68.3%
Term Structure	-4.1%	-22.6%	15.5%	-18.5%	-8.2%
VWIV	24.8%	17.5%	33.6%	22.2%	23.0%
Skew 25d	21.5%	-11.4%	49.2%	-11.4%	49.2%
Skew 10d	27.3%	-9.8%	52.6%	-9.8%	38.7%
Call IV 25d	34.1%	20.0%	56.2%	51.7%	22.8%
Put IV 25d	55.6%	31.7%	79.3%	40.3%	72.0%
Bid-Ask Spread %	145.68	136.36	173.31	170.97	142.54
Gamma HHI	0.54	0.27	0.73	0.71	0.27
Net GEX	24.3K	17.9K	29.3K	22.5K	27.7K
Net DEX	-480.4K	-606.0K	-375.4K	-421.2K	-462.4K
Net VEX	-1.1K	-1.4K	-898	-1.1K	-1.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.04	0.00	0.27	0.00	0.00
Total Volume	11.421	0	30	0	20
Total OI	213.053	190	240	190	227

Daily Data (19 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
2025-11-03	$39.52	$36.00	37.1%	10.6%	19.5%	18.4%	0.0%	-11.4%	-18.5%	22.5K	-421.2K	-1.1K	0.00	170.97	0	0	179	11
2025-11-04	$38.88	$36.00	39.3%	11.3%	20.7%	20.1%	0.0%	3.6%	-22.6%	17.9K	-389.3K	-986	0.00	169.83	7	0	179	11
2025-11-05	$38.83	$36.00	40.1%	11.5%	20.7%	20.8%	0.0%	-10.3%	-20.1%	23.4K	-375.4K	-1.1K	0.00	173.31	0	0	186	11
2025-11-06	$39.37	$33.00	35.4%	8.4%	21.0%	17.1%	0.0%	1.2%	-8.8%	23.1K	-440.2K	-1.1K	0.00	141.44	1	0	186	11
2025-11-07	$39.36	$33.00	31.7%	8.6%	17.2%	14.2%	22.2%	3.4%	-9.3%	23.4K	-448.5K	-1.0K	0.00	140.31	5	0	186	11
2025-11-10	$40.50	$33.00	45.1%	8.2%	19.1%	24.7%	17.5%	2.6%	-2.0%	24.9K	-540.8K	-898	0.27	136.66	15	4	190	11
2025-11-11	$40.89	$33.00	38.8%	7.2%	19.1%	19.8%	0.0%	4.3%	2.4%	19.4K	-546.2K	-999	0.00	139.34	23	0	189	11
2025-11-12	$40.89	$33.00	22.6%	6.5%	19.2%	7.0%	28.0%	14.8%	11.6%	29.3K	-606.0K	-1.1K	0.06	136.36	17	1	212	11
2025-11-13	$40.70	$33.00	31.9%	9.1%	19.6%	14.3%	17.5%	29.7%	12.1%	25.6K	-555.2K	-1.1K	0.00	136.82	11	0	208	11
2025-11-14	$41.16	$33.00	32.1%	9.2%	19.7%	14.5%	31.5%	30.8%	14.4%	23.9K	-577.1K	-1.1K	0.25	142.28	4	1	207	11
2025-11-17	$40.75	$33.00	32.2%	9.2%	20.4%	14.5%	0.0%	30.6%	15.5%	25.6K	-548.6K	-1.1K	0.00	140.53	0	0	209	12
2025-11-18	$40.88	$33.00	42.1%	12.1%	20.1%	22.4%	33.6%	32.6%	-7.2%	24.0K	-548.8K	-1.1K	0.00	143.18	19	0	207	12
2025-11-19	$40.27	$33.00	44.7%	12.8%	20.5%	24.4%	0.0%	32.0%	-19.2%	26.5K	-508.1K	-1.2K	0.00	143.94	0	12	211	12
2025-11-20	$39.81	$33.00	44.7%	12.8%	17.4%	24.4%	0.0%	33.5%	-10.6%	25.0K	-446.8K	-1.1K	0.00	140.68	30	0	211	24
2025-11-21	$39.68	$33.00	43.8%	12.6%	17.4%	23.7%	0.0%	38.2%	-1.8%	23.9K	-453.3K	-1.2K	0.00	142.08	30	0	216	24
2025-11-24	$39.41	$33.00	48.3%	13.8%	17.0%	27.2%	0.0%	34.3%	-1.2%	24.1K	-403.1K	-1.4K	0.00	142.90	0	0	209	8
2025-11-25	$39.49	$33.00	49.9%	14.3%	17.0%	28.4%	23.0%	41.6%	5.0%	24.6K	-418.8K	-1.3K	0.00	142.10	5	0	209	8
2025-11-26	$39.77	$33.00	46.7%	13.4%	17.1%	26.0%	0.0%	47.6%	-9.2%	26.6K	-438.4K	-1.3K	0.00	142.65	12	0	209	8
2025-11-28	$39.60	$33.00	48.8%	14.0%	17.1%	27.6%	0.0%	49.2%	-8.2%	27.7K	-462.4K	-1.4K	0.00	142.54	20	0	219	8