CRS Options History — February 2019

In February 2019, CRS traded between $45.11 and $48.07. ATM implied volatility averaged 34.8%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 0.1% (HV 20d: 34.7%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 2.19.

Notable Days

  • 2019-02-22: Highest Volume — 314 contracts
  • 2019-02-04: Largest IV spike — 23.4% change
  • 2019-02-04: Highest IV Rank — 37.0%
  • 2019-02-11: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.48$45.11$48.07$47.83$47.08
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV34.8%31.3%39.4%31.9%36.1%
Expected Move9.9%9.0%10.5%9.5%10.3%
HV 20d34.7%30.4%38.0%38.0%30.4%
HV 60d43.5%41.5%45.2%44.4%41.6%
IV Rank25.5%16.7%37.0%18.4%28.7%
IV Percentile49.1%32.9%70.2%35.7%56.3%
Term Structure1.3%-0.6%3.0%2.1%0.9%
VWIV36.6%32.4%60.3%34.1%37.1%
Skew 25d4.7%3.1%6.0%3.7%4.8%
Skew 10d11.3%0.5%17.9%7.2%0.5%
Call IV 25d32.6%29.5%35.1%32.9%32.1%
Put IV 25d37.3%35.1%39.7%36.6%36.9%
Bid-Ask Spread %77.8556.3986.3080.2974.22
Gamma HHI0.540.380.770.540.73
Net GEX116.0K95.1K138.0K138.0K113.7K
Net DEX-3.0M-3.9M-2.3M-3.4M-3.4M
Net VEX-6.1K-7.5K-4.8K-6.8K-6.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.190.009.000.157.33
Total Volume101.316431414825
Total OI1,632.8951,3971,7121,5731,712

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$47.83$40.0031.9%9.5%38.0%18.4%34.1%3.7%2.1%138.0K-3.4M-6.8K0.1580.29N/AN/A129191,310263
2019-02-04$45.73$40.0039.4%10.3%35.3%37.0%35.6%3.4%1.0%119.6K-2.7M-6.3K1.2156.39N/AN/A28341,333266
2019-02-05$45.47$40.0038.7%10.3%35.3%35.2%35.7%3.1%1.7%113.0K-2.5M-6.0K0.8576.69N/AN/A39331,318291
2019-02-06$46.24$40.0035.4%10.1%35.5%27.0%34.4%4.7%2.2%124.5K-2.8M-6.2K1.0070.02N/AN/A221,317292
2019-02-07$45.12$40.0035.4%10.1%37.0%26.9%34.7%4.9%1.7%110.1K-2.3M-5.6K5.5081.00N/AN/A2111,317294
2019-02-08$45.11$40.0035.9%10.3%36.4%28.2%34.9%4.6%2.0%110.3K-2.3M-5.6K0.6974.44N/AN/A16111,315296
2019-02-11$45.76$40.0036.6%10.5%36.4%30.0%0.0%5.6%0.4%113.5K-2.5M-5.4K0.0080.06N/AN/A801,299296
2019-02-12$45.68$40.0035.0%10.0%36.2%26.1%0.0%4.9%2.4%109.6K-2.5M-5.1K8.5083.16N/AN/A8681,291296
2019-02-13$45.63$40.0034.4%9.9%36.2%24.6%34.6%6.0%2.6%101.5K-2.4M-5.3K9.0083.58N/AN/A8721,291364
2019-02-14$45.39$40.0034.4%9.9%35.6%24.7%33.7%4.8%2.4%95.1K-2.3M-5.1K3.4886.30N/AN/A21731,291374
2019-02-15$45.84$40.0033.7%9.7%35.5%22.8%32.4%5.1%3.0%95.7K-2.5M-5.0K1.9273.26N/AN/A38731,308374
2019-02-19$46.69$40.0035.3%10.1%33.9%26.8%34.8%5.0%0.3%104.5K-2.7M-4.8K0.1873.84N/AN/A224401,164233
2019-02-20$47.73$40.0031.3%9.0%32.7%16.7%33.4%5.6%1.0%123.8K-3.8M-7.4K0.1585.45N/AN/A273401,386272
2019-02-21$46.94$40.0036.3%10.4%33.7%29.2%35.3%4.7%-0.6%117.5K-3.4M-7.5K0.1679.57N/AN/A253401,406272
2019-02-22$47.43$40.0035.5%10.2%33.6%27.4%35.2%4.6%0.7%123.6K-3.6M-7.3K0.2283.82N/AN/A258561,408272
2019-02-25$47.85$40.0032.7%9.4%32.5%20.4%60.3%5.0%-0.2%127.0K-3.8M-7.1K0.0080.85N/AN/A1101,410287
2019-02-26$48.07$40.0031.9%9.1%32.4%18.2%38.0%5.4%0.5%137.2K-3.9M-6.9K0.6779.45N/AN/A321,418287
2019-02-27$47.55$40.0031.4%9.0%32.7%17.1%37.7%4.3%0.5%126.0K-3.7M-6.7K0.6776.85N/AN/A321,417285
2019-02-28$47.08$40.0036.1%10.3%30.4%28.7%37.1%4.8%0.9%113.7K-3.4M-6.4K7.3374.22N/AN/A3221,417295