CNR Options History — November 2025

In November 2025, CNR traded between $76.50 and $90.06. ATM implied volatility averaged 56.7%, placing in the 39.3% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded below realized volatility by 12.4% (HV 20d: 69.1%). Max pain ranged from $77.50 to $80.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 2.07.

Notable Days

  • 2025-11-03: Highest Volume — 2,676 contracts
  • 2025-11-06: Largest IV drop — 12.9% change
  • 2025-11-04: Highest IV Rank — 49.8%
  • 2025-11-04: Largest Expected Move — 20.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$81.56$76.50$90.06$82.70$79.12
Max Pain$77.89$77.50$80.00$80.00$77.50
ATM IV56.7%46.3%71.1%68.0%46.3%
Expected Move15.8%13.3%20.4%19.5%13.3%
HV 20d69.1%58.5%74.2%58.7%68.4%
HV 60d55.6%47.8%58.0%47.8%57.5%
IV Rank39.3%31.7%49.8%47.5%31.7%
IV Percentile69.4%39.7%88.9%88.1%39.7%
Term Structure-0.3%-9.0%6.1%-9.0%4.1%
VWIV53.9%44.7%72.1%70.6%44.7%
Skew 25d2.8%-10.2%9.4%6.3%7.7%
Skew 10d9.5%-25.7%34.9%23.8%3.9%
Call IV 25d52.7%36.5%76.1%63.2%36.5%
Put IV 25d55.5%44.2%69.5%69.5%44.2%
Bid-Ask Spread %80.2963.3793.5888.2493.58
Gamma HHI0.150.130.170.140.17
Net GEX2.7M1.3M4.1M2.9M1.7M
Net DEX-73.7M-126.9M-34.8M-86.5M-44.4M
Net VEX-535.8K-628.7K-462.4K-569.4K-464.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.070.0916.330.090.15
Total Volume508.368542,6762,67684
Total OI47,163.10541,39349,88645,11441,512

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$82.70$80.0068.0%19.5%58.7%47.5%70.6%6.3%-9.0%2.9M-86.5M-569.4K0.0988.24N/AN/A2,45222437,3217,793
2025-11-04$76.50$80.0071.1%20.4%60.3%49.8%72.1%-6.9%-7.2%2.4M-64.2M-543.7K0.6480.50N/AN/A1499639,1597,957
2025-11-05$78.50$80.0067.5%19.4%58.5%47.2%51.6%-10.2%-3.8%2.4M-62.0M-516.6K16.3388.80N/AN/A4878439,2178,025
2025-11-06$88.06$77.5058.8%15.5%73.6%40.8%54.9%2.2%-0.6%4.0M-124.7M-605.0K2.0463.37N/AN/A7011,43139,2238,547
2025-11-07$90.06$77.5064.5%15.2%74.2%45.0%53.6%2.6%1.4%3.9M-126.9M-628.7K1.5272.46N/AN/A16625239,1599,681
2025-11-10$87.71$77.5057.6%14.8%72.9%40.0%49.5%2.0%-2.8%4.1M-122.0M-597.4K0.3176.68N/AN/A33910539,1359,532
2025-11-11$87.56$77.5057.5%14.8%72.9%39.9%51.5%-1.5%0.1%4.0M-117.1M-600.2K0.9078.47N/AN/A13011739,3619,589
2025-11-12$88.68$77.5054.3%15.6%68.4%37.5%51.7%1.6%-0.7%4.0M-124.9M-602.2K0.1082.22N/AN/A49539,3609,623
2025-11-13$81.91$77.5058.1%16.7%73.6%40.3%57.2%8.8%-5.5%3.1M-78.8M-548.7K6.3977.69N/AN/A9460139,3939,622
2025-11-14$81.81$77.5054.7%15.7%73.1%37.8%53.7%3.4%1.6%3.3M-74.5M-554.1K0.6081.64N/AN/A523139,37910,165
2025-11-17$79.00$77.5053.2%15.2%72.5%36.7%53.5%1.3%5.2%2.7M-58.6M-526.7K3.0580.26N/AN/A12437839,38810,161
2025-11-18$81.14$77.5053.5%15.3%68.7%37.0%55.2%3.6%2.6%3.1M-65.9M-537.4K0.3180.53N/AN/A621939,36310,523
2025-11-19$78.53$77.5055.9%16.0%69.4%38.7%53.1%7.1%-1.3%2.6M-51.9M-511.6K0.7776.48N/AN/A715539,34510,534
2025-11-20$76.60$77.5054.7%15.7%69.7%37.8%52.0%4.9%1.9%1.8M-39.5M-486.8K3.6777.50N/AN/A6925339,35810,520
2025-11-21$77.37$77.5055.4%15.9%69.7%38.3%52.0%4.3%0.8%1.3M-35.6M-475.5K0.4578.20N/AN/A1597139,38010,457
2025-11-24$76.79$77.5049.9%14.3%69.5%34.3%48.4%3.4%-0.5%1.3M-34.8M-462.4K1.0180.50N/AN/A929332,0929,301
2025-11-25$78.37$77.5048.6%13.9%69.4%33.4%47.6%3.6%6.1%1.7M-42.6M-477.0K0.2482.68N/AN/A1212932,1079,336
2025-11-26$79.31$77.5047.9%13.7%69.3%32.8%51.3%9.4%1.1%1.6M-44.4M-471.9K0.6885.67N/AN/A916232,1419,340
2025-11-28$79.12$77.5046.3%13.3%68.4%31.7%44.7%7.7%4.1%1.7M-44.4M-464.0K0.1593.58N/AN/A731132,1699,343