CRS Options History — May 2024

In May 2024, CRS traded between $97.55 and $112.36. ATM implied volatility averaged 35.9%, placing in the 32.3% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded below realized volatility by 13.9% (HV 20d: 49.7%). Max pain ranged from $80.00 to $100.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.61.

Notable Days

  • 2024-05-02: Highest Volume — 7,069 contracts
  • 2024-05-15: Largest IV drop — 22.0% change
  • 2024-05-14: Highest IV Rank — 58.8%
  • 2024-05-01: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$106.87$97.55$112.36$97.55$110.96
Max Pain$92.95$80.00$100.00$80.00$90.00
ATM IV35.9%31.7%42.6%41.1%35.2%
Expected Move10.0%9.1%11.8%11.8%10.1%
HV 20d49.7%31.1%55.9%55.9%31.1%
HV 60d42.1%41.3%43.2%42.8%41.4%
IV Rank32.3%16.0%58.8%52.6%29.8%
IV Percentile20.1%1.6%76.2%62.3%11.9%
Term Structure1.6%-2.7%4.4%-2.7%0.9%
VWIV34.9%30.6%40.8%40.8%35.4%
Skew 25d2.7%1.2%3.3%1.8%3.3%
Skew 10d5.2%1.4%8.0%2.5%8.0%
Call IV 25d33.6%30.4%40.1%40.1%33.0%
Put IV 25d36.2%33.2%42.0%42.0%36.3%
Bid-Ask Spread %61.3849.0669.8459.7469.18
Gamma HHI0.180.120.640.200.16
Net GEX1.3M697.4K4.1M697.4K1.3M
Net DEX-63.4M-90.9M-40.8M-40.8M-60.2M
Net VEX-174.4K-211.1K-123.1K-123.1K-159.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.032.560.952.56
Total Volume1,127.1361487,0694,2251,369
Total OI20,427.36414,89025,24714,89017,596

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$97.55$80.0041.1%11.8%55.9%52.6%40.8%1.8%-2.7%697.4K-40.8M-123.1K0.9559.74N/AN/A2,1712,0546,3498,541
2024-05-02$99.73$80.0039.9%11.4%53.3%47.9%40.3%1.2%-1.9%832.9K-45.9M-126.1K0.6560.99N/AN/A4,2972,7727,1839,583
2024-05-03$103.88$80.0035.5%10.2%54.2%30.7%36.0%1.2%0.3%977.3K-61.7M-201.3K0.7568.22N/AN/A4443329,96512,271
2024-05-06$102.09$100.0038.4%10.3%54.9%42.2%35.0%3.0%3.7%1.0M-55.4M-208.6K0.4255.21N/AN/A42317910,20712,454
2024-05-07$103.06$100.0035.7%10.1%54.6%31.6%34.6%3.3%3.6%1.1M-60.2M-203.1K1.1753.88N/AN/A39846410,54212,553
2024-05-08$104.02$100.0036.4%10.0%50.8%34.3%35.6%2.3%3.5%1.2M-64.5M-204.1K0.6053.32N/AN/A46227510,87012,925
2024-05-09$106.41$100.0035.5%9.9%50.9%30.8%34.7%2.5%3.9%1.1M-73.0M-200.3K0.8851.64N/AN/A15213310,91913,064
2024-05-10$103.91$100.0033.3%9.5%51.9%22.1%33.2%2.6%4.1%1.2M-63.7M-211.1K1.0052.50N/AN/A747410,94513,144
2024-05-13$103.10$100.0040.4%9.8%50.0%50.2%34.3%2.7%3.8%1.2M-60.4M-208.7K0.5549.06N/AN/A27515110,99013,173
2024-05-14$105.73$100.0042.6%9.8%50.1%58.8%33.2%2.9%3.7%1.3M-71.5M-193.8K0.0555.57N/AN/A153711,17113,324
2024-05-15$109.46$100.0033.3%9.5%50.5%22.1%33.9%2.6%4.4%1.3M-86.1M-178.6K0.3960.81N/AN/A37114611,38613,328
2024-05-16$110.44$100.0032.9%9.4%50.4%20.7%32.6%2.7%1.6%1.5M-90.9M-169.4K0.8866.98N/AN/A17015011,67913,392
2024-05-17$109.94$100.0031.7%9.1%48.1%16.0%30.6%2.8%1.9%4.1M-89.8M-170.5K0.0368.83N/AN/A1,1853611,78813,459
2024-05-20$109.82$100.0032.8%9.4%48.5%20.4%35.2%2.9%2.0%834.0K-63.7M-166.5K0.7657.98N/AN/A1,7471,3228,9989,315
2024-05-21$111.81$87.5033.0%9.5%48.5%21.3%33.2%2.8%1.2%1.1M-60.4M-146.6K0.3467.23N/AN/A234798,0928,029
2024-05-22$108.17$87.5034.1%9.8%51.3%25.3%33.4%2.6%0.3%992.0K-51.9M-163.5K0.3465.80N/AN/A182618,3018,046
2024-05-23$107.47$87.5035.2%10.1%51.8%29.6%35.1%2.8%0.2%901.3K-49.8M-163.0K0.1764.96N/AN/A8161408,1778,084
2024-05-24$109.81$87.5033.3%9.5%51.7%22.2%32.0%3.1%1.2%1.2M-57.8M-163.6K0.2066.80N/AN/A132268,9618,176
2024-05-28$112.36$87.5035.6%10.2%51.5%31.4%33.4%3.2%0.4%1.2M-65.0M-154.0K0.0869.84N/AN/A454359,0278,187
2024-05-29$111.02$87.5036.0%10.3%52.2%32.9%37.4%3.0%0.2%1.3M-61.5M-160.2K0.6263.51N/AN/A3021879,2648,193
2024-05-30$110.41$90.0037.1%10.6%31.7%37.1%37.0%3.2%-0.0%1.3M-60.1M-161.2K0.0568.28N/AN/A345189,4628,289
2024-05-31$110.96$90.0035.2%10.1%31.1%29.8%35.4%3.3%0.9%1.3M-60.2M-159.1K2.5669.18N/AN/A3859849,2918,305