CRS Options History — April 2022

In April 2022, CRS traded between $36.86 and $43.77. ATM implied volatility averaged 54.6%, placing in the 39.0% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded above realized volatility by 12.9% (HV 20d: 41.7%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 1.03.

Notable Days

  • 2022-04-22: Highest Volume — 688 contracts
  • 2022-04-11: Largest IV spike — 22.3% change
  • 2022-04-27: Highest IV Rank — 59.1%
  • 2022-04-27: Largest Expected Move — 18.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.76$36.86$43.77$43.17$38.06
Max Pain$42.25$40.00$45.00$40.00$45.00
ATM IV54.6%46.0%64.1%46.0%62.0%
Expected Move15.5%14.0%18.4%14.0%17.8%
HV 20d41.7%33.9%62.1%35.4%62.1%
HV 60d57.0%54.7%61.8%54.7%61.8%
IV Rank39.0%20.9%59.1%20.9%54.7%
IV Percentile69.6%9.9%96.0%9.9%93.7%
Term Structure-1.1%-6.0%2.7%2.7%-6.0%
VWIV54.7%50.3%66.3%50.9%66.3%
Skew 25d4.1%0.9%7.1%0.9%4.7%
Skew 10d9.4%-6.6%20.5%-6.6%12.7%
Call IV 25d53.3%47.8%61.5%47.8%61.5%
Put IV 25d57.4%48.8%67.5%48.8%66.2%
Bid-Ask Spread %60.7050.2168.6553.3050.21
Gamma HHI0.280.210.340.270.33
Net GEX40.4K25.4K58.9K40.1K45.1K
Net DEX-2.1M-2.6M-1.5M-2.6M-1.9M
Net VEX-8.1K-12.7K-6.0K-6.8K-12.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.145.440.630.70
Total Volume204.7558688127342
Total OI1,561.751,1812,1721,3652,172

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$43.17$40.0046.0%14.0%35.4%20.9%50.9%0.9%2.7%40.1K-2.6M-6.8K0.6353.30N/AN/A7849957408
2022-04-04$43.48$40.0047.5%14.1%33.9%24.1%50.3%3.9%0.2%42.5K-2.6M-6.4K0.6052.10N/AN/A8149955408
2022-04-05$40.76$40.0051.1%14.6%42.9%31.8%51.7%1.4%1.7%34.8K-2.0M-6.7K0.7356.79N/AN/A7958959408
2022-04-06$40.67$40.0052.1%14.8%39.4%33.8%52.6%3.1%0.7%32.5K-2.0M-6.6K0.7455.84N/AN/A7858958419
2022-04-07$40.70$40.0051.8%14.9%38.5%33.1%52.6%3.9%0.2%32.4K-2.0M-6.6K0.7050.48N/AN/A8358968419
2022-04-08$40.81$40.0050.0%14.8%36.8%29.3%52.1%2.9%-0.2%33.3K-2.0M-6.5K0.7360.82N/AN/A7958968419
2022-04-11$39.81$40.0061.1%15.1%38.1%52.8%53.6%2.1%-0.6%27.8K-1.8M-6.3K0.7461.52N/AN/A7858967419
2022-04-12$39.48$40.0057.7%15.0%36.4%45.5%52.7%2.9%-0.8%25.4K-1.7M-6.2K1.2462.46N/AN/A7897969419
2022-04-13$40.71$40.0052.1%14.9%37.3%33.7%51.9%6.1%-1.9%29.4K-2.0M-6.1K1.4765.12N/AN/A6697964434
2022-04-14$42.62$40.0049.9%14.3%38.9%29.0%51.2%4.8%-0.8%39.6K-2.5M-6.0K1.0163.65N/AN/A6970967425
2022-04-18$42.48$40.0054.6%15.7%38.7%39.1%52.6%5.0%-0.6%38.8K-2.2M-6.0K0.7163.87N/AN/A152108886295
2022-04-19$43.77$45.0050.8%14.6%39.6%31.1%53.3%4.2%-0.5%46.0K-2.6M-6.4K0.9763.91N/AN/A8683986370
2022-04-20$43.23$45.0050.6%14.5%36.6%30.6%50.8%5.3%-0.7%44.2K-2.5M-6.8K0.6768.65N/AN/A92621,010390
2022-04-21$40.51$45.0055.2%15.8%43.6%40.3%52.5%7.1%-2.2%40.5K-1.8M-6.7K0.5564.26N/AN/A114631,023390
2022-04-22$40.45$45.0055.6%15.9%43.4%41.2%55.4%5.8%-1.4%57.7K-2.5M-12.7K0.1459.17N/AN/A605831,519391
2022-04-25$39.24$45.0060.0%17.2%43.8%50.4%60.2%3.2%-4.1%52.9K-2.2M-12.2K0.7463.54N/AN/A131971,523411
2022-04-26$37.86$45.0062.1%17.8%45.3%54.8%62.6%5.3%-3.8%45.2K-1.8M-11.8K1.1467.00N/AN/A1281461,571437
2022-04-27$36.86$45.0064.1%18.4%45.7%59.1%62.6%6.0%-3.2%41.8K-1.5M-10.9K5.4465.11N/AN/A9491,570434
2022-04-28$40.54$45.0057.2%16.4%58.3%44.5%57.6%3.3%-1.0%58.9K-2.6M-12.4K0.9366.14N/AN/A1681561,579468
2022-04-29$38.06$45.0062.0%17.8%62.1%54.7%66.3%4.7%-6.0%45.1K-1.9M-12.2K0.7050.21N/AN/A2011411,647525