CRAK Options History — December 2025

In December 2025, CRAK traded between $37.41 and $40.08. ATM implied volatility averaged 38.9%, placing in the 19.8% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 25.1% (HV 20d: 13.8%). Max pain ranged from $33.00 to $37.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.02.

Notable Days

  • 2025-12-16: Highest Volume — 43 contracts
  • 2025-12-08: Largest IV spike — 53.4% change
  • 2025-12-09: Highest IV Rank — 29.5%
  • 2025-12-31: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.80$37.41$40.08$40.02$37.70
Max Pain$35.86$33.00$37.00$33.00$36.00
ATM IV38.9%27.6%51.2%40.2%44.2%
Expected Move10.4%7.9%12.7%11.5%12.7%
HV 20d13.8%11.3%17.3%17.2%13.1%
HV 60d16.9%16.1%17.4%16.7%17.1%
IV Rank19.8%11.0%29.5%20.9%24.0%
IV Percentile39.5%6.0%75.0%43.7%62.7%
Term Structure-8.4%-29.8%16.6%-13.4%-13.4%
VWIV19.8%14.6%26.0%26.0%16.6%
Skew 25d-1.9%-28.3%21.3%13.7%18.1%
Skew 10d-6.4%-28.0%15.6%2.9%-1.8%
Call IV 25d33.3%15.5%49.8%28.7%31.8%
Put IV 25d31.4%17.8%49.9%42.4%49.9%
Bid-Ask Spread %157.78140.62165.25141.65165.25
Gamma HHI0.300.250.350.290.31
Net GEX35.4K23.6K48.3K40.0K27.5K
Net DEX-353.9K-537.5K-147.9K-521.9K-224.2K
Net VEX-1.2K-1.3K-1.0K-1.3K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.020.000.260.000.00
Total Volume3.68204300
Total OI241.5221256247221

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-12-01$40.02$33.0040.2%11.5%17.2%20.9%0.0%13.7%-13.4%40.0K-521.9K-1.3K0.00141.65002398
2025-12-02$39.77$33.0040.4%11.6%17.3%21.0%0.0%21.3%-12.0%38.2K-494.6K-1.3K0.00140.62002398
2025-12-03$39.75$33.0030.4%8.7%16.2%13.1%0.0%19.3%7.8%36.0K-495.1K-1.3K0.00141.81102398
2025-12-04$39.86$37.0043.8%8.4%16.2%23.7%0.0%-8.9%-6.9%39.8K-506.1K-1.3K0.00151.99002408
2025-12-05$39.83$37.0032.4%8.0%15.5%14.8%26.0%-7.0%9.2%37.7K-503.2K-1.3K0.00153.08102408
2025-12-08$39.78$37.0049.8%8.7%15.5%28.4%0.0%-3.2%11.4%41.5K-499.4K-1.3K0.00157.08102418
2025-12-09$39.72$37.0051.2%8.8%11.4%29.5%0.0%1.1%12.4%39.5K-491.6K-1.2K0.00153.69002418
2025-12-10$40.08$37.0029.2%8.4%11.3%12.2%19.3%0.1%14.8%48.3K-537.5K-1.2K0.00156.34102418
2025-12-11$39.70$37.0027.6%7.9%11.7%11.0%14.6%4.4%16.6%39.1K-488.4K-1.3K0.00161.33012428
2025-12-12$39.22$36.0038.7%11.1%12.3%19.7%0.0%8.1%-23.3%38.4K-433.6K-1.2K0.00165.12002429
2025-12-15$39.48$36.0039.7%11.4%11.7%20.5%22.3%20.5%-21.9%46.1K-426.4K-1.1K0.00164.82502429
2025-12-16$38.63$36.0038.0%10.9%13.4%19.2%16.6%5.5%-21.3%35.0K-349.2K-1.2K0.26163.363492479
2025-12-17$38.30$36.0038.1%10.9%13.4%19.2%0.0%-20.8%-12.9%34.9K-227.9K-1.1K0.00156.923024112
2025-12-18$37.92$36.0039.6%11.3%12.9%20.4%0.0%-26.6%-25.2%31.8K-209.6K-1.0K0.00163.4312024412
2025-12-19$38.08$36.0041.8%12.0%12.7%22.1%0.0%-9.1%-8.7%40.4K-201.8K-1.1K0.00162.363024212
2025-12-22$37.52$36.0037.1%10.6%13.5%18.4%0.0%-28.3%-29.8%23.6K-147.9K-1.0K0.00159.925021412
2025-12-23$37.64$36.0038.6%11.1%13.6%19.6%0.0%-4.1%-10.5%27.5K-208.5K-1.2K0.00161.240020912
2025-12-24$37.78$36.0039.9%11.4%13.7%20.6%0.0%1.2%-28.9%28.7K-225.0K-1.2K0.00161.990021112
2025-12-26$37.41$36.0031.0%8.9%13.4%13.6%0.0%-22.9%8.6%27.7K-176.9K-1.1K0.00163.040021112
2025-12-29$37.70$36.0040.6%11.6%14.0%21.2%0.0%-26.5%-24.3%28.7K-211.4K-1.2K0.00163.285021112
2025-12-30$37.64$36.0042.5%12.2%13.1%22.7%0.0%2.4%-12.2%28.4K-204.6K-1.1K0.00162.900020912
2025-12-31$37.70$36.0044.2%12.7%13.1%24.0%0.0%18.1%-13.4%27.5K-224.2K-1.2K0.00165.250020912