CNR Options History — May 2025

In May 2025, CNR traded between $66.40 and $75.84. ATM implied volatility averaged 48.4%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded below realized volatility by 18.1% (HV 20d: 66.5%). Max pain ranged from $70.00 to $82.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.87.

Notable Days

  • 2025-05-08: Highest Volume — 3,460 contracts
  • 2025-05-08: Largest IV drop — 18.5% change
  • 2025-05-07: Highest IV Rank — 33.8%
  • 2025-05-01: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$71.74$66.40$75.84$71.48$69.43
Max Pain$72.86$70.00$82.50$70.00$70.00
ATM IV48.4%40.6%59.3%58.5%44.3%
Expected Move13.2%11.6%16.8%16.8%12.7%
HV 20d66.5%54.9%74.8%74.8%67.9%
HV 60d63.9%59.7%66.3%59.8%65.3%
IV Rank27.2%22.5%33.8%33.3%24.7%
IV Percentile43.7%20.2%75.0%72.2%31.0%
Term Structure0.3%-6.3%3.5%-5.5%1.8%
VWIV45.0%39.6%54.5%53.2%44.2%
Skew 25d4.8%-16.9%22.4%22.4%4.8%
Skew 10d7.6%-11.6%32.3%32.3%10.2%
Call IV 25d41.8%26.4%52.2%39.7%42.4%
Put IV 25d46.6%29.8%62.1%62.1%47.2%
Bid-Ask Spread %82.1875.0499.5999.5985.36
Gamma HHI0.130.120.160.140.12
Net GEX888.7K238.5K1.4M945.2K714.2K
Net DEX-14.0M-28.1M4.9M-12.0M-8.8M
Net VEX-355.7K-433.3K-254.1K-314.5K-351.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.025.930.860.26
Total Volume607.571243,46052132
Total OI29,790.8126,46733,02226,47831,705

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$71.48$70.0058.5%16.8%74.8%33.3%53.2%22.4%-5.5%945.2K-12.0M-314.5K0.8699.59N/AN/A282421,7104,768
2025-05-02$74.12$70.0053.4%15.3%64.3%30.2%54.5%6.9%-6.3%1.2M-19.5M-345.0K0.2981.41N/AN/A902621,7094,758
2025-05-05$73.96$82.5057.9%14.5%60.7%32.9%49.3%7.1%-3.6%1.3M-20.4M-345.1K0.1377.04N/AN/A60821,7134,780
2025-05-06$75.84$82.5058.5%13.6%61.0%33.3%48.7%9.4%-1.1%1.4M-23.8M-351.2K1.8277.68N/AN/A8415321,7154,786
2025-05-07$74.87$82.5059.3%14.0%58.8%33.8%45.2%-4.2%-1.8%1.3M-20.2M-342.0K0.1488.82N/AN/A21321,7634,912
2025-05-08$67.38$82.5048.3%12.8%68.4%27.2%43.8%3.5%2.7%479.2K-2.0M-254.1K5.9384.92N/AN/A4992,96121,7744,913
2025-05-09$66.40$80.0048.9%13.1%64.6%27.5%44.9%5.3%3.5%238.5K4.9M-276.2K0.5079.27N/AN/A50825421,6947,706
2025-05-12$68.09$70.0052.0%12.1%54.9%29.4%42.0%4.8%2.6%413.4K1.3M-278.9K0.1479.29N/AN/A1,28018222,1617,715
2025-05-13$75.13$70.0049.4%12.1%65.8%27.8%43.3%4.9%2.8%1.2M-19.5M-390.0K0.1479.95N/AN/A6459322,8757,691
2025-05-14$71.40$70.0043.6%12.5%68.3%24.4%44.4%3.3%2.3%696.0K-10.5M-347.0K0.0676.87N/AN/A1,6699323,2157,712
2025-05-15$72.19$70.0043.5%12.5%68.2%24.3%44.2%2.6%1.1%804.1K-15.7M-386.6K0.0278.76N/AN/A1,1982324,2847,773
2025-05-16$75.78$70.0040.6%11.6%68.4%22.5%39.6%3.7%1.9%1.3M-28.1M-433.3K0.0875.04N/AN/A9047325,2417,781
2025-05-19$73.30$70.0043.0%12.3%68.1%24.0%42.3%3.9%1.1%953.6K-20.5M-406.5K0.2878.10N/AN/A1323723,3117,170
2025-05-20$71.25$70.0045.0%12.9%68.4%25.2%42.2%8.8%0.8%823.9K-15.8M-384.3K0.7279.19N/AN/A20414623,3827,190
2025-05-21$71.66$70.0044.5%12.8%68.4%24.9%42.6%4.7%-0.6%848.1K-15.5M-385.4K0.0881.99N/AN/A2101723,5187,333
2025-05-22$69.46$70.0045.3%13.0%68.6%25.4%45.3%0.0%0.9%710.3K-9.9M-356.6K2.4184.43N/AN/A7417823,6657,330
2025-05-23$70.10$70.0045.3%13.0%68.4%25.3%44.0%1.6%1.2%741.2K-11.3M-365.8K1.7683.76N/AN/A7212723,7007,555
2025-05-27$73.06$70.0044.7%12.8%69.9%25.0%44.7%3.4%0.4%980.8K-19.9M-403.8K0.4080.77N/AN/A2449823,7597,674
2025-05-28$70.87$70.0044.7%12.8%70.5%25.0%42.8%20.8%1.8%825.7K-14.4M-379.3K1.2086.23N/AN/A354223,8457,721
2025-05-29$70.72$70.0045.1%12.9%67.6%25.3%44.5%-16.9%1.1%794.1K-12.2M-372.5K0.9487.40N/AN/A686423,8567,744
2025-05-30$69.43$70.0044.3%12.7%67.9%24.7%44.2%4.8%1.8%714.2K-8.8M-351.7K0.2685.36N/AN/A1052723,9107,795