CRS Options History — January 2023

In January 2023, CRS traded between $35.91 and $49.02. ATM implied volatility averaged 47.8%, placing in the 13.6% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 5.6% (HV 20d: 42.2%). Max pain ranged from $30.00 to $45.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.65.

Notable Days

2023-01-27: Highest Volume — 146 contracts
2023-01-06: Largest IV drop — 14.2% change
2023-01-04: Highest IV Rank — 27.9%
2023-01-04: Largest Expected Move — 16.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.99	$35.91	$49.02	$35.91	$47.38
Max Pain	$37.00	$30.00	$45.00	$30.00	$45.00
ATM IV	47.8%	40.2%	56.4%	53.8%	45.3%
Expected Move	13.7%	11.5%	16.2%	15.4%	13.0%
HV 20d	42.2%	37.5%	47.7%	40.0%	42.5%
HV 60d	42.2%	41.2%	43.3%	41.3%	41.2%
IV Rank	13.6%	1.0%	27.9%	24.4%	8.3%
IV Percentile	16.6%	0.8%	48.4%	39.3%	8.3%
Term Structure	-1.2%	-7.3%	8.9%	-1.1%	-1.5%
VWIV	47.9%	33.2%	87.2%	87.2%	42.3%
Skew 25d	4.8%	-3.0%	16.7%	16.7%	3.6%
Skew 10d	8.1%	-1.5%	22.7%	0.9%	7.1%
Call IV 25d	45.6%	31.5%	62.6%	31.5%	42.7%
Put IV 25d	50.4%	42.5%	59.7%	48.2%	46.4%
Bid-Ask Spread %	81.18	54.86	108.61	108.61	69.16
Gamma HHI	0.42	0.27	0.60	0.29	0.28
Net GEX	44.0K	20.9K	69.0K	20.9K	41.6K
Net DEX	-1.6M	-2.9M	-618.3K	-618.3K	-2.1M
Net VEX	-4.4K	-5.5K	-2.9K	-2.9K	-5.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.65	0.00	3.38	0.11	1.00
Total Volume	52.05	0	146	52	14
Total OI	887.05	702	1,030	702	1,030

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-01-03	$35.91	$30.00	53.8%	15.4%	40.0%	24.4%	87.2%	16.7%	-1.1%	20.9K	-618.3K	-2.9K	0.11	108.61	N/A	N/A	47	5	645	57
2023-01-04	$36.88	$35.00	56.4%	16.2%	40.7%	27.9%	0.0%	4.1%	1.1%	24.7K	-690.1K	-3.1K	0.00	101.69	N/A	N/A	0	0	650	62
2023-01-05	$37.35	$30.00	55.6%	15.2%	41.0%	26.8%	47.5%	-3.0%	8.9%	25.0K	-732.0K	-3.2K	0.01	86.71	N/A	N/A	91	1	650	62
2023-01-06	$39.36	$30.00	47.7%	14.1%	45.9%	15.9%	45.0%	5.3%	-0.2%	35.3K	-1.0M	-4.0K	3.38	89.28	N/A	N/A	16	54	741	63
2023-01-09	$39.86	$30.00	49.6%	14.7%	46.2%	18.6%	53.8%	4.5%	-1.7%	30.6K	-991.4K	-4.2K	1.00	86.61	N/A	N/A	19	19	753	115
2023-01-10	$41.80	$30.00	50.2%	15.0%	46.9%	19.4%	48.4%	9.5%	-4.8%	42.3K	-1.3M	-4.5K	0.22	92.28	N/A	N/A	18	4	769	122
2023-01-11	$42.81	$30.00	49.6%	14.2%	47.3%	18.6%	51.6%	2.5%	1.8%	49.2K	-1.6M	-4.8K	0.07	93.49	N/A	N/A	42	3	796	118
2023-01-12	$43.71	$30.00	51.3%	14.7%	47.7%	20.9%	50.2%	3.7%	-7.3%	64.9K	-1.9M	-4.7K	0.50	90.12	N/A	N/A	4	2	828	115
2023-01-13	$44.89	$35.00	47.0%	13.5%	47.7%	10.9%	33.2%	9.2%	-2.2%	69.0K	-2.1M	-4.9K	0.29	88.13	N/A	N/A	7	2	830	117
2023-01-17	$43.81	$35.00	52.3%	15.0%	41.2%	18.5%	52.7%	5.6%	-3.6%	67.2K	-1.9M	-4.6K	2.11	96.26	N/A	N/A	18	38	833	117
2023-01-18	$43.58	$40.00	50.4%	14.4%	41.2%	15.7%	52.5%	5.2%	-2.4%	59.9K	-1.9M	-4.6K	0.10	93.29	N/A	N/A	21	2	837	152
2023-01-19	$43.44	$40.00	44.6%	12.8%	40.8%	7.4%	47.0%	3.9%	-0.9%	64.0K	-1.7M	-4.3K	0.00	68.04	N/A	N/A	41	0	839	150
2023-01-20	$43.72	$40.00	43.4%	12.4%	37.5%	5.7%	43.4%	3.5%	-0.9%	36.6K	-1.7M	-4.2K	0.00	66.92	N/A	N/A	48	0	847	150
2023-01-23	$44.27	$40.00	44.2%	12.7%	37.5%	6.8%	44.3%	3.8%	-2.0%	39.8K	-1.6M	-4.3K	0.74	70.15	N/A	N/A	62	46	661	87
2023-01-24	$43.08	$45.00	44.0%	12.6%	37.6%	6.5%	44.5%	3.6%	-1.9%	37.6K	-1.3M	-4.6K	0.43	68.62	N/A	N/A	30	13	709	131
2023-01-25	$44.06	$45.00	44.6%	12.8%	38.0%	7.4%	45.3%	4.1%	-2.2%	39.4K	-1.5M	-4.8K	0.40	68.44	N/A	N/A	30	12	729	133
2023-01-26	$46.56	$45.00	42.4%	12.2%	41.5%	4.3%	34.7%	4.2%	-1.0%	41.9K	-2.0M	-5.0K	0.17	72.37	N/A	N/A	87	15	749	144
2023-01-27	$49.02	$40.00	40.2%	11.5%	40.6%	1.0%	41.6%	2.9%	-0.6%	47.8K	-2.9M	-4.8K	1.32	58.50	N/A	N/A	63	83	826	134
2023-01-30	$48.33	$45.00	43.8%	12.5%	41.8%	6.2%	44.0%	3.0%	-2.3%	41.7K	-2.3M	-5.4K	0.50	54.86	N/A	N/A	56	28	791	199
2023-01-31	$47.38	$45.00	45.3%	13.0%	42.5%	8.3%	42.3%	3.6%	-1.5%	41.6K	-2.1M	-5.5K	1.00	69.16	N/A	N/A	7	7	806	224