CNR Options History — January 2025

In January 2025, CNR traded between $90.63 and $99.48. ATM implied volatility averaged 43.7%, placing in the 24.4% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded below realized volatility by 437.5% (HV 20d: 481.1%). Max pain ranged from $105.00 to $110.00. Net GEX was positive for 9 of 11 trading days. Term structure was in contango for 3 of 11 days. Put/call ratio averaged 0.49.

Notable Days

2025-01-21: Highest Volume — 2,945 contracts
2025-01-28: Largest IV spike — 10.7% change
2025-01-30: Highest IV Rank — 27.4%
2025-01-30: Largest Expected Move — 13.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$94.91	$90.63	$99.48	$95.53	$90.63
Max Pain	$106.36	$105.00	$110.00	$110.00	$105.00
ATM IV	43.7%	40.6%	48.6%	41.7%	44.5%
Expected Move	12.5%	11.7%	13.9%	12.0%	12.8%
HV 20d	481.1%	480.1%	482.2%	480.7%	482.2%
HV 60d	277.8%	277.5%	278.1%	277.6%	278.1%
IV Rank	24.4%	22.6%	27.4%	23.2%	24.9%
IV Percentile	24.6%	18.3%	37.7%	18.3%	25.0%
Term Structure	-1.5%	-5.2%	2.6%	-4.8%	1.6%
VWIV	40.3%	35.7%	44.5%	38.1%	38.6%
Skew 25d	4.9%	-9.2%	22.7%	0.8%	5.6%
Skew 10d	2.4%	-7.6%	12.2%	12.2%	-1.5%
Call IV 25d	37.4%	24.4%	44.8%	38.0%	39.8%
Put IV 25d	42.2%	31.8%	47.9%	38.8%	45.4%
Bid-Ask Spread %	85.79	80.93	93.89	84.90	93.89
Gamma HHI	0.10	0.08	0.15	0.13	0.09
Net GEX	-18.6K	-805.4K	233.5K	-805.4K	168.0K
Net DEX	930.2K	-5.4M	5.6M	5.1M	5.5M
Net VEX	-285.9K	-302.3K	-254.8K	-254.8K	-280.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.49	0.02	1.16	1.16	0.15
Total Volume	1,051.091	230	2,945	1,863	511
Total OI	18,243.364	13,151	30,860	30,082	17,192

Daily Data (11 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-01-16	$95.53	$110.00	41.7%	12.0%	480.7%	23.2%	38.1%	0.8%	-4.8%	-805.4K	5.1M	-254.8K	1.16	84.90	N/A	N/A	862	1,001	16,881	13,201
2025-01-17	$97.45	$110.00	40.7%	11.7%	480.4%	22.6%	38.6%	6.1%	-0.7%	-690.6K	-2.3M	-275.3K	0.69	80.93	N/A	N/A	175	120	17,444	13,416
2025-01-21	$99.48	$110.00	40.6%	11.7%	480.1%	22.6%	35.7%	-4.9%	-0.1%	174.5K	-5.4M	-292.8K	0.65	86.25	N/A	N/A	1,786	1,159	8,572	4,579
2025-01-22	$97.30	$105.00	41.3%	11.8%	480.5%	22.9%	35.7%	3.2%	-5.2%	157.5K	-2.7M	-302.3K	0.59	82.23	N/A	N/A	227	134	9,289	5,138
2025-01-23	$96.33	$105.00	43.0%	12.3%	480.8%	24.0%	44.5%	-9.2%	-2.7%	129.2K	-1.7M	-293.1K	0.93	86.09	N/A	N/A	474	439	9,401	5,246
2025-01-24	$96.75	$105.00	41.0%	11.8%	480.7%	22.8%	40.5%	3.4%	2.1%	121.2K	-1.4M	-300.7K	0.02	81.70	N/A	N/A	577	11	9,606	5,659
2025-01-27	$94.19	$105.00	43.8%	12.5%	481.3%	24.5%	42.5%	4.7%	-2.7%	92.1K	2.4M	-291.1K	0.17	81.36	N/A	N/A	368	62	10,013	5,662
2025-01-28	$91.56	$105.00	48.4%	13.9%	482.0%	27.3%	41.0%	18.0%	-2.2%	92.3K	5.6M	-279.0K	0.06	88.96	N/A	N/A	877	55	10,260	5,699
2025-01-29	$93.14	$105.00	46.7%	13.4%	481.7%	26.2%	43.5%	3.0%	-4.2%	122.7K	3.6M	-287.5K	0.62	88.50	N/A	N/A	1,544	950	10,536	5,719
2025-01-30	$91.66	$105.00	48.6%	13.9%	482.0%	27.4%	44.2%	22.7%	2.6%	233.5K	1.7M	-287.6K	0.41	88.91	N/A	N/A	163	67	11,214	5,950
2025-01-31	$90.63	$105.00	44.5%	12.8%	482.2%	24.9%	38.6%	5.6%	1.6%	168.0K	5.5M	-280.4K	0.15	93.89	N/A	N/A	446	65	11,246	5,946