CRS Options History — January 2025

In January 2025, CRS traded between $175.92 and $213.09. ATM implied volatility averaged 47.7%, placing in the 41.0% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 9.7% (HV 20d: 38.0%). Max pain ranged from $170.00 to $195.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.34.

Notable Days

  • 2025-01-28: Highest Volume — 9,803 contracts
  • 2025-01-30: Largest IV drop — 29.2% change
  • 2025-01-29: Highest IV Rank — 68.9%
  • 2025-01-29: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$196.45$175.92$213.09$175.92$195.14
Max Pain$183.75$170.00$195.00$170.00$195.00
ATM IV47.7%41.0%58.8%42.9%45.1%
Expected Move13.8%11.8%16.9%12.3%12.9%
HV 20d38.0%29.9%49.1%38.8%49.0%
HV 60d45.0%43.7%47.1%43.7%46.9%
IV Rank41.0%24.1%68.9%28.9%34.4%
IV Percentile80.5%50.4%99.6%67.1%72.6%
Term Structure-2.2%-7.7%4.4%1.9%0.1%
VWIV47.9%40.6%58.2%40.7%44.6%
Skew 25d3.1%1.2%5.2%2.0%2.4%
Skew 10d7.2%-15.7%28.0%1.5%5.8%
Call IV 25d45.8%39.7%56.4%41.4%43.7%
Put IV 25d48.9%41.3%59.5%43.4%46.1%
Bid-Ask Spread %50.5535.5072.0771.7653.44
Gamma HHI0.150.130.170.170.13
Net GEX4.0M3.0M4.7M3.0M3.6M
Net DEX-186.2M-263.6M-99.9M-99.9M-155.0M
Net VEX-583.0K-640.7K-540.0K-592.2K-640.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.340.0410.330.170.62
Total Volume1,699.61089,803188919
Total OI24,591.821,32427,62323,53726,979

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$175.92$170.0042.9%12.3%38.8%28.9%40.7%2.0%1.9%3.0M-99.9M-592.2K0.1771.76N/AN/A1602815,7347,803
2025-01-03$180.64$170.0041.0%11.8%39.6%24.1%40.6%1.6%4.4%4.1M-129.5M-612.8K0.1472.07N/AN/A4165716,7507,809
2025-01-06$184.56$175.0043.7%12.7%40.6%30.8%43.6%3.2%-0.5%4.6M-152.0M-595.4K0.4447.68N/AN/A26811916,8667,857
2025-01-07$179.91$175.0044.1%13.1%41.4%31.9%45.0%2.6%-0.5%4.3M-130.7M-594.3K0.6443.98N/AN/A20613116,8827,909
2025-01-08$183.13$175.0043.5%13.3%38.4%30.5%47.2%3.0%-2.1%4.5M-144.6M-587.4K10.3344.54N/AN/A9295016,9138,022
2025-01-10$185.76$175.0047.3%14.4%38.2%40.0%50.0%3.8%-2.2%4.4M-152.8M-598.4K1.1549.30N/AN/A596816,9588,487
2025-01-13$192.57$175.0052.3%14.4%40.2%52.6%50.9%3.5%-1.3%4.5M-185.5M-577.0K0.4138.85N/AN/A1,20649216,9828,540
2025-01-14$195.63$180.0050.4%14.3%39.7%47.6%50.3%1.9%-3.4%4.7M-208.5M-573.2K2.4035.50N/AN/A32377617,5428,878
2025-01-15$198.53$180.0047.6%13.7%37.9%40.8%47.6%3.5%-0.5%4.4M-222.5M-567.3K2.1038.36N/AN/A13528417,6819,283
2025-01-16$201.24$180.0044.4%12.7%38.0%32.6%44.2%3.0%-0.6%4.4M-237.5M-542.5K0.5739.53N/AN/A40423017,7399,453
2025-01-17$207.68$180.0045.7%13.1%37.7%35.9%45.2%3.7%-1.3%3.2M-263.6M-542.6K0.0446.65N/AN/A3,17912318,0089,615
2025-01-21$210.31$185.0047.9%13.7%30.0%41.4%47.6%4.7%-4.2%4.1M-230.1M-540.0K0.7649.55N/AN/A50538516,4634,861
2025-01-22$207.45$190.0046.6%13.4%29.9%38.3%46.6%4.4%-2.2%4.2M-218.8M-565.1K0.8457.17N/AN/A24520516,8025,099
2025-01-23$213.09$195.0049.4%14.2%29.9%45.2%50.3%2.7%-4.2%4.1M-239.5M-550.0K1.6849.78N/AN/A13021916,8585,244
2025-01-24$208.61$195.0049.0%14.1%31.8%44.3%49.4%5.2%-5.1%4.3M-220.7M-575.4K1.1656.84N/AN/A505816,8785,312
2025-01-27$199.64$195.0058.5%16.8%37.0%68.2%57.8%3.8%-7.5%3.8M-178.7M-594.3K2.0052.00N/AN/A32164316,8705,327
2025-01-28$206.45$195.0054.8%15.7%38.2%58.7%55.7%4.2%-6.1%3.9M-209.4M-583.2K0.7155.39N/AN/A5,7224,08116,9865,873
2025-01-29$210.16$195.0058.8%16.9%35.3%68.9%58.2%2.1%-7.7%3.6M-211.9M-625.7K0.1854.48N/AN/A5,6561,04217,0067,818
2025-01-30$192.59$195.0041.6%11.9%49.1%25.7%43.2%1.2%-1.8%3.1M-133.0M-602.3K0.3654.08N/AN/A3,0101,09517,1418,608
2025-01-31$195.14$195.0045.1%12.9%49.0%34.4%44.6%2.4%0.1%3.6M-155.0M-640.7K0.6253.44N/AN/A56635318,3318,648