CNR Options History — February 2025

In February 2025, CNR traded between $73.50 and $90.57. ATM implied volatility averaged 46.7%, placing in the 26.2% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded below realized volatility by 207.4% (HV 20d: 254.1%). Max pain ranged from $90.00 to $105.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 2.04.

Notable Days

  • 2025-02-14: Highest Volume — 5,716 contracts
  • 2025-02-04: Largest IV spike — 15.6% change
  • 2025-02-04: Highest IV Rank — 31.0%
  • 2025-02-04: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$81.18$73.50$90.57$86.47$73.50
Max Pain$95.79$90.00$105.00$105.00$90.00
ATM IV46.7%38.1%54.6%47.2%41.3%
Expected Move13.3%10.9%15.7%13.5%11.8%
HV 20d254.1%40.4%484.6%483.4%49.4%
HV 60d279.4%278.4%280.3%278.4%280.3%
IV Rank26.2%21.1%31.0%26.5%23.0%
IV Percentile37.2%16.7%63.5%36.1%21.0%
Term Structure-4.5%-12.4%4.3%-0.9%-1.3%
VWIV44.0%32.4%50.7%46.8%41.1%
Skew 25d1.7%-12.0%19.9%-0.9%6.3%
Skew 10d5.8%-11.4%29.2%14.2%-0.4%
Call IV 25d42.7%28.6%55.9%43.6%39.5%
Put IV 25d44.4%27.8%55.1%42.7%45.8%
Bid-Ask Spread %92.0983.7496.9796.9791.42
Gamma HHI0.160.090.290.090.19
Net GEX356.3K19.4K794.5K88.0K544.3K
Net DEX6.5M-3.8M19.7M12.9M-1.8M
Net VEX-275.1K-350.3K-209.2K-247.0K-288.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.040.0510.630.1610.63
Total Volume982.842415,716559407
Total OI21,473.47417,55826,32417,55822,569

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$86.47$105.0047.2%13.5%483.4%26.5%46.8%-0.9%-0.9%88.0K12.9M-247.0K0.1696.97N/AN/A4827711,5635,995
2025-02-04$90.57$105.0054.6%15.7%482.9%31.0%50.7%-7.5%-0.6%226.5K2.4M-294.9K1.5989.20N/AN/A9161,46011,6945,985
2025-02-05$88.67$100.0054.1%15.5%483.3%30.7%49.9%1.4%-7.7%297.5K4.5M-277.7K0.1294.45N/AN/A4555512,5226,491
2025-02-06$85.41$95.0050.2%14.9%484.1%28.3%44.2%-7.5%-10.8%179.6K11.5M-245.6K0.1091.16N/AN/A3944112,8466,509
2025-02-07$83.53$95.0046.5%13.8%484.6%26.1%32.4%15.9%-8.6%121.3K12.8M-246.3K0.1194.16N/AN/A7147613,1156,409
2025-02-10$85.58$95.0052.1%14.5%484.3%29.4%43.1%-6.2%-7.9%227.0K5.6M-280.7K0.3692.62N/AN/A742713,4966,454
2025-02-11$85.35$95.0051.0%13.2%484.3%28.8%43.8%4.7%-4.6%178.1K8.3M-268.2K0.4383.74N/AN/A1365913,5636,454
2025-02-12$84.11$95.0046.9%13.4%484.6%26.3%46.6%-6.9%-6.2%54.5K11.3M-264.2K1.0091.15N/AN/A292913,6606,468
2025-02-13$85.13$95.0047.4%13.6%484.5%26.6%47.9%-8.2%-4.9%142.6K7.8M-265.8K0.2890.47N/AN/A32913,6666,490
2025-02-14$79.63$95.0052.1%14.9%43.2%29.5%47.0%19.9%-11.1%19.4K19.7M-209.2K0.0591.67N/AN/A5,46225413,6716,455
2025-02-18$78.81$95.0050.4%14.5%41.8%28.4%45.8%4.0%-12.4%418.7K11.0M-317.2K0.4591.22N/AN/A35816218,8616,677
2025-02-19$76.97$95.0047.0%13.5%40.4%26.4%48.8%4.1%-7.2%410.0K15.0M-278.4K0.3193.70N/AN/A1,11534119,1066,635
2025-02-20$81.80$95.0040.9%11.7%47.9%22.7%39.4%-12.0%0.1%599.2K4.0M-350.3K8.9694.41N/AN/A3823,42319,4726,852
2025-02-21$77.70$95.0038.5%11.0%50.3%21.3%41.3%5.8%4.3%794.5K6.6M-295.8K4.1791.81N/AN/A9439219,6646,103
2025-02-24$76.03$95.0043.0%12.3%50.1%24.0%42.1%10.5%-1.1%666.8K-1.6M-259.2K0.9891.53N/AN/A16916618,0833,660
2025-02-25$74.41$95.0042.8%12.3%49.9%23.9%43.9%9.0%-1.9%606.9K-685.5K-263.4K2.5690.86N/AN/A13133518,1883,776
2025-02-26$75.27$92.5038.1%10.9%50.1%21.1%37.8%-2.1%-1.5%632.3K-3.8M-296.4K4.1995.58N/AN/A5422618,3004,015
2025-02-27$73.56$92.5043.3%12.4%49.3%24.2%43.9%1.8%-1.7%562.3K-1.4M-277.6K2.2993.65N/AN/A429618,3364,193
2025-02-28$73.50$90.0041.3%11.8%49.4%23.0%41.1%6.3%-1.3%544.3K-1.8M-288.8K10.6391.42N/AN/A3537218,3564,213