CRAK Options History — January 2026

In January 2026, CRAK traded between $38.03 and $42.26. ATM implied volatility averaged 38.9%, placing in the 19.8% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 21.4% (HV 20d: 17.4%). Max pain ranged from $36.00 to $38.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.01.

Notable Days

2026-01-07: Highest Volume — 189 contracts
2026-01-14: Largest IV drop — 39.2% change
2026-01-13: Highest IV Rank — 34.4%
2026-01-02: Largest Expected Move — 12.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.15	$38.03	$42.26	$38.03	$41.84
Max Pain	$37.90	$36.00	$38.00	$36.00	$38.00
ATM IV	38.9%	30.4%	57.4%	43.5%	36.8%
Expected Move	10.3%	9.1%	12.5%	12.5%	10.5%
HV 20d	17.4%	13.7%	19.0%	13.7%	18.0%
HV 60d	17.1%	16.2%	18.5%	17.2%	16.9%
IV Rank	19.8%	13.2%	34.4%	23.4%	18.2%
IV Percentile	39.7%	7.9%	89.3%	59.5%	34.9%
Term Structure	-10.5%	-23.1%	-2.9%	-23.1%	-4.2%
VWIV	22.9%	14.0%	37.3%	14.0%	37.3%
Skew 25d	0.8%	-25.6%	5.4%	-25.6%	2.1%
Skew 10d	13.3%	-10.8%	33.6%	-10.8%	12.6%
Call IV 25d	39.9%	32.1%	55.3%	55.3%	43.7%
Put IV 25d	40.7%	29.7%	45.9%	29.7%	45.9%
Bid-Ask Spread %	174.14	164.30	177.94	164.30	169.08
Gamma HHI	0.36	0.27	0.68	0.27	0.29
Net GEX	56.9K	32.3K	162.3K	32.3K	45.8K
Net DEX	-781.2K	-1.1M	-221.1K	-221.1K	-1.1M
Net VEX	-2.5K	-3.0K	-1.1K	-1.1K	-2.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.01	0.00	0.06	0.06	0.00
Total Volume	23.15	0	189	17	0
Total OI	370.65	221	445	221	399

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
2026-01-02	$38.03	$36.00	43.5%	12.5%	13.7%	23.4%	14.0%	-25.6%	-23.1%	32.3K	-221.1K	-1.1K	0.06	164.30	16	1	209	12
2026-01-05	$39.30	$38.00	30.4%	9.2%	18.5%	13.2%	17.5%	5.4%	-12.1%	33.7K	-373.2K	-1.3K	0.00	177.52	35	0	225	13
2026-01-06	$38.96	$38.00	35.7%	9.2%	18.7%	17.3%	0.0%	-1.6%	-15.7%	42.7K	-413.8K	-1.4K	0.00	177.04	2	0	257	13
2026-01-07	$38.77	$38.00	36.7%	10.0%	18.8%	18.1%	37.3%	1.7%	-19.1%	40.9K	-376.4K	-1.4K	0.03	173.63	183	6	259	13
2026-01-08	$39.04	$38.00	41.7%	9.1%	19.0%	22.0%	0.0%	2.4%	-8.6%	56.6K	-695.6K	-2.8K	0.00	174.53	6	0	402	19
2026-01-09	$39.20	$38.00	41.8%	9.5%	18.7%	22.1%	0.0%	1.4%	-12.6%	60.8K	-719.8K	-2.8K	0.00	177.69	0	0	406	19
2026-01-12	$39.51	$38.00	50.2%	9.7%	18.7%	28.7%	0.0%	1.6%	-3.0%	72.4K	-843.1K	-2.9K	0.00	177.50	10	0	426	19
2026-01-13	$39.55	$38.00	57.4%	9.9%	18.2%	34.4%	0.0%	2.1%	-3.2%	76.7K	-822.5K	-2.9K	0.00	177.94	0	0	423	19
2026-01-14	$40.16	$38.00	34.9%	10.0%	18.8%	16.7%	0.0%	2.4%	-2.9%	77.5K	-962.1K	-2.9K	0.00	174.69	8	0	423	19
2026-01-15	$40.16	$38.00	34.9%	10.0%	16.8%	16.7%	0.0%	1.6%	-4.3%	61.3K	-946.0K	-2.8K	0.00	176.85	23	0	416	19
2026-01-16	$39.90	$38.00	35.5%	10.2%	16.7%	17.2%	0.0%	1.4%	-2.9%	162.3K	-808.6K	-2.6K	0.00	176.73	10	0	398	19
2026-01-20	$39.67	$38.00	37.3%	10.7%	16.3%	18.6%	0.0%	1.2%	-4.9%	45.3K	-690.4K	-2.7K	0.00	177.37	0	0	333	17
2026-01-21	$40.56	$38.00	36.4%	10.4%	17.8%	17.9%	0.0%	0.9%	-13.2%	46.2K	-797.8K	-2.6K	0.00	174.55	0	0	333	17
2026-01-22	$40.96	$38.00	36.4%	10.4%	16.6%	17.9%	0.0%	2.0%	-15.2%	44.9K	-860.4K	-2.5K	0.00	175.12	0	0	333	17
2026-01-23	$41.27	$38.00	35.7%	10.2%	16.6%	17.4%	0.0%	3.3%	-14.5%	44.3K	-907.8K	-2.4K	0.00	173.55	49	0	333	17
2026-01-26	$41.13	$38.00	37.0%	10.6%	16.9%	18.4%	0.0%	1.8%	-15.6%	48.7K	-961.7K	-3.0K	0.00	172.80	0	0	377	17
2026-01-27	$41.47	$38.00	38.5%	11.0%	16.1%	19.5%	0.0%	3.7%	-15.3%	49.4K	-1.0M	-2.9K	0.00	173.38	2	0	377	17
2026-01-28	$41.35	$38.00	38.8%	11.1%	16.3%	19.7%	0.0%	3.6%	-16.3%	50.1K	-998.7K	-2.9K	0.00	170.66	10	0	377	17
2026-01-29	$42.26	$38.00	37.8%	10.8%	17.2%	19.0%	0.0%	5.0%	-4.2%	46.1K	-1.1M	-2.9K	0.00	167.91	102	0	387	17
2026-01-30	$41.84	$38.00	36.8%	10.5%	18.0%	18.2%	0.0%	2.1%	-4.2%	45.8K	-1.1M	-2.8K	0.00	169.08	0	0	382	17