CRS Options History — March 2025

In March 2025, CRS traded between $172.34 and $205.44. ATM implied volatility averaged 52.0%, placing in the 51.8% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded below realized volatility by 3.0% (HV 20d: 55.0%). Max pain ranged from $170.00 to $175.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 1.11.

Notable Days

  • 2025-03-07: Highest Volume — 3,215 contracts
  • 2025-03-19: Largest IV drop — 11.5% change
  • 2025-03-10: Highest IV Rank — 79.5%
  • 2025-03-11: Largest Expected Move — 18.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$187.46$172.34$205.44$205.44$181.41
Max Pain$172.62$170.00$175.00$170.00$175.00
ATM IV52.0%45.5%63.0%50.2%49.2%
Expected Move15.7%14.3%18.4%14.4%15.9%
HV 20d55.0%43.2%60.2%43.8%58.8%
HV 60d48.3%43.4%50.9%43.6%50.8%
IV Rank51.8%35.5%79.5%47.3%44.8%
IV Percentile88.0%65.5%99.6%91.7%83.3%
Term Structure2.3%-3.0%8.5%-3.0%8.5%
VWIV54.5%48.9%66.0%53.4%53.0%
Skew 25d5.4%3.1%9.4%4.4%3.6%
Skew 10d10.5%-1.5%29.9%5.9%8.7%
Call IV 25d48.9%43.3%54.5%49.9%48.5%
Put IV 25d54.4%48.3%63.8%54.3%52.2%
Bid-Ask Spread %63.7849.4074.5774.5755.80
Gamma HHI0.150.110.210.120.15
Net GEX4.2M2.6M5.9M4.2M2.7M
Net DEX-148.6M-220.1M-76.2M-204.4M-85.4M
Net VEX-544.9K-603.0K-503.1K-505.6K-503.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.0612.470.340.07
Total Volume939.3331333,2155091,136
Total OI28,013.76221,40533,66925,51322,507

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$205.44$170.0050.2%14.4%43.8%47.3%53.4%4.4%-3.0%4.2M-204.4M-505.6K0.3474.57N/AN/A38012917,3278,186
2025-03-04$203.09$170.0050.9%14.6%43.2%49.0%58.0%3.8%-0.5%4.3M-195.6M-526.1K0.0673.62N/AN/A1,81811417,5798,176
2025-03-05$204.28$170.0052.3%15.0%43.2%52.4%51.8%3.8%1.3%4.8M-213.7M-575.4K0.1874.44N/AN/A1132018,9658,212
2025-03-06$187.61$170.0054.6%15.7%53.3%58.4%53.2%4.4%1.4%4.4M-145.5M-576.0K1.4873.57N/AN/A46368618,9958,228
2025-03-07$181.18$170.0057.3%16.4%54.5%65.0%57.1%5.8%0.9%3.9M-105.0M-580.8K0.1567.84N/AN/A2,79242319,2788,555
2025-03-10$172.34$170.0063.0%18.1%57.0%79.5%66.0%9.4%-1.8%3.8M-76.2M-564.7K0.1068.24N/AN/A1,48314921,2208,696
2025-03-11$182.00$170.0058.2%18.4%60.2%67.3%61.4%7.3%0.9%4.9M-156.9M-603.0K0.0971.75N/AN/A1,93118322,3548,609
2025-03-12$181.00$170.0054.3%17.6%58.8%57.5%61.0%3.8%3.1%5.2M-152.9M-601.3K0.8766.35N/AN/A16614423,4338,674
2025-03-13$177.38$170.0059.1%17.5%58.9%69.6%58.6%6.6%0.3%5.0M-126.4M-586.1K0.3470.85N/AN/A1615423,4398,773
2025-03-14$182.04$170.0055.6%16.1%59.5%60.7%52.3%3.9%1.8%5.4M-160.1M-573.8K12.4770.14N/AN/A5568623,5118,764
2025-03-17$185.52$175.0052.2%16.1%58.6%52.2%52.7%7.0%3.5%5.9M-179.7M-531.5K1.0162.32N/AN/A10610723,5208,888
2025-03-18$182.27$175.0051.6%16.3%51.7%50.7%56.5%6.0%4.3%5.4M-159.5M-528.6K2.8052.58N/AN/A20557323,5698,944
2025-03-19$192.38$175.0045.7%15.1%54.7%35.8%51.2%8.9%8.2%5.8M-220.1M-517.5K0.7558.62N/AN/A20715623,6919,209
2025-03-20$186.15$175.0050.0%15.9%55.7%46.8%54.9%3.1%5.5%3.6M-189.9M-505.4K0.1560.85N/AN/A94914723,7509,397
2025-03-21$183.00$175.0048.7%15.1%52.5%43.5%52.1%4.3%3.2%2.6M-175.4M-510.6K0.6949.40N/AN/A1,08274424,3599,310
2025-03-24$195.50$175.0045.5%14.3%57.7%35.5%48.9%5.7%3.5%3.4M-133.7M-535.3K0.1766.69N/AN/A84414314,9906,415
2025-03-25$195.39$175.0046.4%14.3%57.7%37.6%48.9%4.1%2.7%3.5M-138.1M-535.1K1.0057.76N/AN/A30130215,3366,508
2025-03-26$189.12$175.0047.5%14.4%58.8%40.6%50.6%6.4%2.2%3.1M-110.3M-535.8K0.1550.20N/AN/A1442215,4196,764
2025-03-27$187.88$175.0049.1%14.5%58.7%44.5%50.4%7.0%0.7%3.0M-104.3M-529.6K0.0758.23N/AN/A4283015,4886,775
2025-03-28$181.61$175.0051.1%14.9%58.9%49.4%52.6%5.2%1.1%2.7M-87.4M-518.6K0.3655.51N/AN/A1104015,6976,779
2025-03-31$181.41$175.0049.2%15.9%58.8%44.8%53.0%3.6%8.5%2.7M-85.4M-503.1K0.0755.80N/AN/A1,0597715,7006,807