CNR Options History — July 2025

In July 2025, CNR traded between $66.03 and $83.77. ATM implied volatility averaged 50.4%, placing in the 28.4% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded below realized volatility by 8.3% (HV 20d: 58.8%). Max pain ranged from $70.00 to $75.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.54.

Notable Days

  • 2025-07-22: Highest Volume — 3,083 contracts
  • 2025-07-09: Largest IV spike — 28.3% change
  • 2025-07-31: Highest IV Rank — 33.1%
  • 2025-07-31: Largest Expected Move — 16.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$74.73$66.03$83.77$66.03$74.13
Max Pain$73.18$70.00$75.00$70.00$75.00
ATM IV50.4%43.0%58.2%44.8%58.2%
Expected Move14.6%12.4%16.7%12.8%16.7%
HV 20d58.8%45.0%65.3%45.0%53.5%
HV 60d58.6%56.3%61.9%59.1%59.4%
IV Rank28.4%24.0%33.1%25.1%33.1%
IV Percentile57.3%26.6%76.2%36.9%76.2%
Term Structure-2.3%-10.5%9.3%9.3%-5.3%
VWIV50.9%44.0%58.8%48.2%58.8%
Skew 25d2.1%-5.2%23.7%1.1%-0.9%
Skew 10d17.6%-4.8%37.8%-4.8%20.6%
Call IV 25d49.7%28.3%60.0%46.8%60.0%
Put IV 25d51.9%45.1%59.1%47.9%59.1%
Bid-Ask Spread %79.4069.1087.8483.4281.03
Gamma HHI0.120.110.140.110.11
Net GEX1.1M507.0K1.8M507.0K934.5K
Net DEX-22.7M-55.8M-1.3M-1.3M-16.3M
Net VEX-339.0K-429.1K-276.9K-276.9K-321.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.062.202.200.34
Total Volume603.409423,083573141
Total OI30,018.529,05031,31129,05030,764

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$66.03$70.0044.8%12.8%45.0%25.1%48.2%1.1%9.3%507.0K-1.3M-276.9K2.2083.42N/AN/A17939421,9957,055
2025-07-02$73.33$70.0043.8%12.6%58.3%24.5%44.0%2.3%7.0%1.1M-21.4M-360.2K0.0985.08N/AN/A9488322,0567,410
2025-07-03$72.37$70.0046.2%12.4%58.2%25.9%46.3%-0.9%2.7%981.9K-16.7M-339.6K0.0986.84N/AN/A1581522,1387,399
2025-07-07$70.65$70.0047.2%14.3%58.3%26.5%50.2%2.6%-0.6%841.9K-14.6M-333.2K0.6570.11N/AN/A603922,1447,409
2025-07-08$69.56$70.0043.0%14.6%58.4%24.0%49.5%1.2%1.9%738.8K-9.9M-311.2K0.7374.04N/AN/A604422,1587,438
2025-07-09$69.15$70.0055.1%15.8%58.2%31.2%54.4%3.0%-3.7%666.4K-6.1M-289.9K0.6877.44N/AN/A251722,1837,459
2025-07-10$73.11$70.0048.8%14.0%61.0%27.5%50.0%1.4%-0.3%1.1M-19.4M-335.3K0.5784.97N/AN/A1297322,1967,470
2025-07-11$75.50$70.0050.2%14.4%57.2%28.3%50.0%4.0%-1.8%1.3M-25.5M-354.5K0.1776.20N/AN/A1,07918722,2477,496
2025-07-14$74.84$75.0051.0%14.6%57.2%28.8%53.9%2.2%-3.7%1.3M-20.4M-318.0K0.1179.98N/AN/A5546022,7047,758
2025-07-15$73.97$75.0050.1%14.4%56.9%28.2%49.6%1.8%-2.2%1.3M-20.8M-329.7K0.5476.75N/AN/A20110822,8347,777
2025-07-16$72.72$75.0051.3%14.7%57.2%29.0%49.9%-0.7%-2.6%1.1M-18.4M-327.7K0.8277.97N/AN/A494022,8307,801
2025-07-17$75.27$75.0051.3%14.7%58.5%29.0%53.4%-1.0%-4.1%1.5M-22.8M-322.8K0.5181.96N/AN/A50725822,8307,831
2025-07-18$77.47$75.0048.4%13.9%59.1%27.2%45.8%11.9%-3.2%1.1M-33.1M-349.3K0.0880.46N/AN/A1,42011023,2828,029
2025-07-21$77.18$75.0053.3%15.3%54.4%30.1%50.0%-4.3%-9.4%1.2M-28.9M-364.2K0.4581.67N/AN/A62428121,9717,241
2025-07-22$83.77$75.0050.4%14.5%60.5%28.4%46.9%3.6%-5.6%1.8M-55.8M-429.1K0.0878.72N/AN/A2,86222122,2207,294
2025-07-23$81.67$75.0050.5%14.5%61.3%28.5%52.0%23.7%-10.5%1.5M-39.6M-375.0K1.4487.84N/AN/A8512221,8807,394
2025-07-24$81.10$75.0051.5%14.8%60.9%29.1%48.9%-0.1%-1.7%1.5M-41.9M-393.1K0.0672.24N/AN/A1,1776521,8987,451
2025-07-25$77.88$75.0052.4%15.0%63.3%29.6%52.3%4.2%-3.5%1.3M-29.2M-360.9K0.2078.32N/AN/A1873723,0237,458
2025-07-28$74.98$75.0052.8%15.1%65.3%29.8%55.7%-0.9%-2.1%1.0M-18.4M-318.2K1.0369.10N/AN/A13213623,0217,476
2025-07-29$76.59$75.0054.1%15.5%65.2%30.7%55.3%-2.0%-5.0%1.2M-25.0M-339.8K0.3681.01N/AN/A662423,0867,587
2025-07-30$72.78$75.0054.8%15.7%64.9%31.1%55.3%-5.2%-5.3%874.7K-13.1M-308.5K0.6681.69N/AN/A19112723,1227,592
2025-07-31$74.13$75.0058.2%16.7%53.5%33.1%58.8%-0.9%-5.3%934.5K-16.3M-321.3K0.3481.03N/AN/A1053623,1247,640