CRS Options History — February 2023

In February 2023, CRS traded between $46.84 and $51.40. ATM implied volatility averaged 42.5%, placing in the 5.4% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded below realized volatility by 0.3% (HV 20d: 42.8%). Max pain ranged from $30.00 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 2.36.

Notable Days

  • 2023-02-21: Highest Volume — 139 contracts
  • 2023-02-27: Largest IV spike — 26.2% change
  • 2023-02-27: Highest IV Rank — 12.4%
  • 2023-02-21: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.54$46.84$51.40$50.16$48.45
Max Pain$37.63$30.00$45.00$45.00$40.00
ATM IV42.5%34.9%45.2%41.4%43.2%
Expected Move12.0%10.0%12.7%11.9%12.4%
HV 20d42.8%37.5%46.4%42.8%37.5%
HV 60d41.6%40.9%42.5%42.5%42.0%
IV Rank5.4%0.0%12.4%2.8%11.3%
IV Percentile4.4%0.0%9.9%1.2%6.7%
Term Structure-0.7%-3.0%0.5%-1.1%-1.4%
VWIV42.5%37.3%50.3%44.6%43.2%
Skew 25d2.9%-11.0%4.5%4.5%4.3%
Skew 10d8.9%6.0%11.4%8.9%11.4%
Call IV 25d41.5%39.7%43.7%40.0%43.1%
Put IV 25d44.4%32.5%47.4%44.5%47.4%
Bid-Ask Spread %52.5312.6174.7769.1269.89
Gamma HHI0.270.220.390.250.39
Net GEX58.2K42.3K93.9K42.3K93.9K
Net DEX-2.6M-3.2M-1.9M-2.7M-2.5M
Net VEX-5.3K-6.2K-5.0K-5.1K-6.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.360.0026.000.000.00
Total Volume5341395128
Total OI1,149.2119971,3391,0201,339

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$50.16$45.0041.4%11.9%42.8%2.8%44.6%4.5%-1.1%42.3K-2.7M-5.1K0.0069.12N/AN/A510794226
2023-02-02$50.45$30.0043.7%11.8%42.8%6.1%41.1%3.5%0.3%44.8K-2.8M-5.1K0.3140.43N/AN/A134821226
2023-02-03$51.28$30.0043.3%12.0%42.7%5.5%40.0%3.8%-0.1%46.3K-2.9M-5.1K0.1661.55N/AN/A325831230
2023-02-06$49.39$30.0045.2%12.0%44.4%8.3%41.9%3.5%-0.2%47.7K-2.6M-5.2K0.5033.77N/AN/A105856230
2023-02-07$50.77$30.0045.1%12.0%44.8%8.1%0.0%3.5%0.1%50.8K-2.9M-5.1K5.0012.61N/AN/A1260858230
2023-02-08$50.14$30.0042.4%12.2%43.6%4.2%50.3%3.7%-0.1%48.6K-2.7M-5.3K26.0046.97N/AN/A126859287
2023-02-09$49.31$40.0042.1%12.1%44.1%3.7%41.6%4.0%0.4%46.4K-2.6M-5.3K9.0041.13N/AN/A872858311
2023-02-10$49.47$40.0043.1%12.3%43.8%5.2%43.0%3.5%-0.1%49.4K-2.6M-5.3K0.0061.21N/AN/A40861293
2023-02-13$50.25$40.0043.8%12.6%43.3%6.2%0.0%3.5%-1.0%52.3K-2.8M-5.0K1.6048.33N/AN/A58859294
2023-02-14$50.70$40.0042.4%12.2%41.8%4.3%42.5%4.0%-0.2%54.4K-2.9M-5.0K0.0745.63N/AN/A675862302
2023-02-15$51.40$40.0041.9%12.0%41.6%3.5%41.6%3.7%-0.1%61.3K-3.2M-5.1K0.1554.20N/AN/A203919307
2023-02-16$50.25$40.0040.9%11.7%42.9%2.0%40.9%3.3%0.5%68.9K-3.0M-5.2K0.4349.63N/AN/A73929310
2023-02-17$50.39$40.0041.0%11.7%42.9%2.2%40.4%3.9%0.1%82.2K-3.1M-5.1K0.0044.99N/AN/A1000934313
2023-02-21$48.27$40.0044.1%12.7%46.4%6.7%43.8%2.1%-2.0%57.9K-2.2M-5.1K1.1771.34N/AN/A6475829168
2023-02-22$48.05$40.0043.6%12.5%45.0%6.0%43.8%4.1%-1.0%57.1K-2.1M-5.4K0.0541.68N/AN/A191866242
2023-02-23$47.53$40.0042.2%12.1%44.9%3.9%42.8%3.8%-3.0%57.5K-2.0M-5.5K0.1759.20N/AN/A10718876244
2023-02-24$46.84$40.0034.9%10.0%40.9%0.0%37.3%-11.0%-2.7%68.7K-1.9M-5.8K0.2371.58N/AN/A4711962259
2023-02-27$48.16$40.0044.0%12.6%37.8%12.4%43.9%3.4%-1.7%75.7K-2.3M-5.9K0.0074.77N/AN/A1160982268
2023-02-28$48.45$40.0043.2%12.4%37.5%11.3%43.2%4.3%-1.4%93.9K-2.5M-6.2K0.0069.89N/AN/A2801,072267