CRS Options History — February 2025

In February 2025, CRS traded between $183.01 and $209.38. ATM implied volatility averaged 44.6%, placing in the 33.2% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded below realized volatility by 6.1% (HV 20d: 50.7%). Max pain ranged from $165.00 to $195.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 1.76.

Notable Days

  • 2025-02-18: Highest Volume — 4,294 contracts
  • 2025-02-05: Largest IV drop — 13.2% change
  • 2025-02-03: Highest IV Rank — 42.7%
  • 2025-02-03: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$195.19$183.01$209.38$191.09$204.28
Max Pain$171.58$165.00$195.00$195.00$170.00
ATM IV44.6%40.7%48.4%48.4%47.7%
Expected Move12.8%11.7%13.9%13.9%13.7%
HV 20d50.7%43.9%57.7%48.9%43.9%
HV 60d42.9%40.8%47.2%47.2%43.6%
IV Rank33.2%23.5%42.7%42.7%40.9%
IV Percentile66.4%40.9%84.9%84.9%82.9%
Term Structure1.1%-4.2%4.9%-1.7%0.1%
VWIV45.1%41.7%48.8%48.1%48.8%
Skew 25d2.6%0.6%4.8%2.9%4.5%
Skew 10d4.7%-1.4%19.7%5.4%7.9%
Call IV 25d43.7%40.6%46.9%46.9%45.5%
Put IV 25d46.3%43.8%50.2%49.8%50.0%
Bid-Ask Spread %65.7053.8371.5753.8368.62
Gamma HHI0.160.110.480.130.11
Net GEX4.5M1.7M11.3M3.2M4.2M
Net DEX-162.7M-285.4M-77.2M-129.3M-200.9M
Net VEX-570.7K-626.2K-523.7K-626.2K-528.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.760.0313.100.170.36
Total Volume1,019.7891514,294669151
Total OI28,810.84224,76133,37427,03325,465

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$191.09$195.0048.4%13.9%48.9%42.7%48.1%2.9%-1.7%3.2M-129.3M-626.2K0.1753.83N/AN/A5739618,1908,843
2025-02-04$192.97$195.0046.9%13.5%48.3%39.1%45.5%0.7%-2.5%3.5M-140.3M-623.5K13.1063.74N/AN/A5876018,4728,889
2025-02-05$192.27$195.0040.7%11.7%47.8%23.5%42.5%2.9%3.7%3.1M-133.7M-610.7K0.2163.85N/AN/A50910618,4969,637
2025-02-06$189.91$165.0044.1%12.3%47.1%31.9%42.4%2.3%2.9%3.0M-120.9M-608.1K2.1764.33N/AN/A28361318,6909,669
2025-02-07$187.16$165.0041.3%12.6%47.1%24.8%43.9%3.0%1.6%2.6M-106.0M-615.9K1.6164.40N/AN/A13221218,8539,781
2025-02-10$190.84$165.0040.9%12.2%47.3%23.9%41.7%3.0%2.8%3.1M-125.0M-603.3K0.2171.10N/AN/A1843918,8949,897
2025-02-11$183.88$165.0044.4%12.4%47.3%32.5%44.8%1.3%1.5%2.2M-89.4M-580.3K6.9161.11N/AN/A2241,54818,9799,916
2025-02-12$186.12$165.0041.6%11.9%47.2%25.8%44.2%3.7%4.9%2.3M-97.4M-592.6K2.1464.62N/AN/A12326319,04811,015
2025-02-13$183.01$165.0043.4%12.4%47.0%30.1%43.0%2.6%0.4%1.7M-77.2M-579.4K0.3165.57N/AN/A2,30470419,11411,164
2025-02-14$189.38$165.0045.0%12.9%48.5%34.1%44.5%2.8%4.2%4.8M-132.0M-598.0K1.5766.29N/AN/A37959421,19510,938
2025-02-18$203.90$165.0046.3%13.3%54.5%37.5%45.5%4.8%2.9%7.6M-237.7M-535.3K0.0369.25N/AN/A4,15513921,22311,175
2025-02-19$209.38$165.0045.1%12.9%55.2%34.5%44.9%1.2%1.2%8.3M-285.4M-534.9K0.1763.03N/AN/A1,25921021,71511,194
2025-02-20$208.67$170.0044.5%12.7%55.0%32.8%44.7%3.2%-1.2%8.3M-283.2M-523.7K0.7169.20N/AN/A71350421,96411,213
2025-02-21$197.06$170.0046.3%13.3%57.6%37.5%46.0%1.6%-4.2%11.3M-203.7M-541.3K0.9859.87N/AN/A59758521,94011,434
2025-02-24$200.41$170.0043.7%12.5%57.7%30.9%46.1%0.6%1.3%4.2M-184.3M-530.3K0.9571.57N/AN/A25224016,8267,935
2025-02-25$199.54$170.0045.3%13.0%55.5%35.0%46.9%2.4%1.4%4.2M-182.0M-539.2K0.2868.38N/AN/A38911016,9628,043
2025-02-26$199.11$170.0044.0%12.6%54.1%31.6%46.7%2.5%2.4%4.2M-180.0M-537.9K1.2369.91N/AN/A8110017,1648,106
2025-02-27$199.69$170.0047.9%13.7%53.7%41.5%47.8%3.5%-1.4%4.2M-181.9M-534.7K0.3569.60N/AN/A1394817,2178,150
2025-02-28$204.28$170.0047.7%13.7%43.9%40.9%48.8%4.5%0.1%4.2M-200.9M-528.6K0.3668.62N/AN/A1114017,2818,184