CNR Options History — March 2025

In March 2025, CNR traded between $67.23 and $78.94. ATM implied volatility averaged 45.9%, placing in the 25.7% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded below realized volatility by 10.9% (HV 20d: 56.9%). Max pain ranged from $75.00 to $90.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.61.

Notable Days

  • 2025-03-06: Highest Volume — 1,871 contracts
  • 2025-03-06: Largest IV spike — 22.0% change
  • 2025-03-10: Highest IV Rank — 34.2%
  • 2025-03-10: Largest Expected Move — 17.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$73.70$67.23$78.94$69.84$77.09
Max Pain$85.13$75.00$90.00$90.00$80.00
ATM IV45.9%37.3%60.1%51.1%45.2%
Expected Move13.7%11.1%17.2%14.6%14.5%
HV 20d56.9%47.3%66.0%51.4%53.6%
HV 60d281.6%280.6%282.1%280.7%282.0%
IV Rank25.7%20.6%34.2%28.8%25.3%
IV Percentile35.0%16.3%75.4%50.8%34.1%
Term Structure0.2%-8.2%9.5%-6.8%7.9%
VWIV46.0%36.9%54.7%49.0%50.7%
Skew 25d6.0%-4.4%18.0%14.4%-4.4%
Skew 10d11.1%-4.0%22.0%7.9%17.6%
Call IV 25d41.6%31.2%50.2%47.0%41.6%
Put IV 25d47.7%37.2%61.4%61.4%37.2%
Bid-Ask Spread %89.7876.12103.4991.3977.27
Gamma HHI0.150.130.230.230.14
Net GEX714.4K409.3K1.1M409.3K1.1M
Net DEX-12.9M-28.2M4.6M4.6M-25.0M
Net VEX-352.2K-419.9K-222.5K-222.5K-405.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.091.911.890.83
Total Volume518.381341,87149575
Total OI25,246.28622,51827,34422,65824,940

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$69.84$90.0051.1%14.6%51.4%28.8%49.0%14.4%-6.8%409.3K4.6M-222.5K1.8991.39N/AN/A17132418,3834,275
2025-03-04$71.56$90.0051.7%14.8%51.4%29.2%52.4%8.8%2.4%471.8K-320.0K-264.6K0.1592.71N/AN/A1,44222218,4574,061
2025-03-05$71.83$90.0041.7%12.0%47.3%23.2%41.7%18.0%-4.6%517.3K-2.5M-284.2K0.1797.75N/AN/A63911019,1144,065
2025-03-06$69.34$90.0050.9%14.6%48.0%28.7%48.7%8.6%-3.4%442.9K-852.3K-266.3K1.9196.12N/AN/A6441,22719,7254,147
2025-03-07$67.23$90.0057.1%16.4%47.6%32.5%52.0%11.7%2.2%444.7K-450.7K-287.8K1.2997.12N/AN/A51266220,2494,637
2025-03-10$71.85$90.0060.1%17.2%54.9%34.2%54.7%8.9%-8.2%557.7K-5.7M-336.4K0.6694.38N/AN/A1499820,7315,208
2025-03-11$76.98$90.0049.5%13.0%60.4%27.9%52.8%8.5%-7.5%807.4K-17.4M-400.4K0.0994.21N/AN/A8267420,8555,264
2025-03-12$71.54$85.0045.9%16.0%65.0%25.7%53.1%7.2%-4.6%604.5K-9.4M-351.4K0.10100.25N/AN/A2682821,6105,296
2025-03-13$72.85$80.0048.0%13.3%65.6%27.0%36.9%7.2%-5.9%616.9K-11.6M-359.1K0.40103.49N/AN/A1004021,7215,042
2025-03-14$74.33$80.0046.2%11.1%66.0%25.9%39.1%-0.5%-2.3%691.3K-14.7M-373.8K0.4398.65N/AN/A793421,7865,060
2025-03-17$72.84$87.5047.1%12.6%62.4%26.4%40.0%-4.4%-3.3%571.2K-10.6M-344.4K0.2788.08N/AN/A711921,8595,079
2025-03-18$74.67$87.5044.9%13.1%63.2%25.1%43.5%5.2%0.3%730.5K-15.6M-376.1K0.3084.09N/AN/A1915721,8815,086
2025-03-19$74.32$87.5045.1%12.6%62.7%25.3%43.2%3.8%-1.6%695.5K-16.1M-377.0K1.4390.50N/AN/A142022,0595,109
2025-03-20$73.48$0.0039.7%14.1%58.2%22.0%47.4%8.6%9.5%734.8K-15.5M-381.4K0.8191.39N/AN/A22118022,0665,123
2025-03-21$73.35$85.0041.3%12.7%55.6%22.9%46.6%5.1%3.5%744.9K-13.7M-365.2K0.9389.25N/AN/A958822,2285,116
2025-03-24$74.51$85.0040.6%12.9%55.5%22.5%43.6%1.2%3.8%800.4K-16.4M-368.0K0.3581.99N/AN/A1685818,6364,569
2025-03-25$77.17$75.0039.1%13.2%56.4%21.6%40.7%5.4%5.5%938.0K-24.7M-403.5K0.1879.60N/AN/A76513718,7284,617
2025-03-26$77.49$80.0039.8%13.0%56.2%22.1%44.2%7.8%4.8%980.6K-23.0M-397.3K0.2081.26N/AN/A53510619,1814,739
2025-03-27$78.94$80.0037.3%12.6%55.8%20.6%42.5%1.3%7.6%1.1M-28.2M-419.9K0.1679.70N/AN/A3124919,7254,831
2025-03-28$76.53$80.0042.1%12.9%57.1%23.5%43.6%4.1%4.7%1.1M-24.4M-410.4K0.3376.12N/AN/A571920,0444,870
2025-03-31$77.09$80.0045.2%14.5%53.6%25.3%50.7%-4.4%7.9%1.1M-25.0M-405.5K0.8377.27N/AN/A413420,0604,880