CRS Options History — May 2025

In May 2025, CRS traded between $203.71 and $237.79. ATM implied volatility averaged 46.0%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded below realized volatility by 5.4% (HV 20d: 51.4%). Max pain ranged from $175.00 to $190.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2025-05-23: Highest Volume — 2,254 contracts
  • 2025-05-05: Largest IV spike — 15.2% change
  • 2025-05-05: Highest IV Rank — 34.0%
  • 2025-05-01: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$223.96$203.71$237.79$203.71$233.50
Max Pain$185.24$175.00$190.00$175.00$190.00
ATM IV46.0%41.6%53.8%51.2%43.9%
Expected Move12.7%11.8%14.7%14.7%12.6%
HV 20d51.4%28.5%98.4%98.4%28.5%
HV 60d69.0%67.5%70.7%70.1%67.8%
IV Rank21.4%14.2%34.0%30.1%14.2%
IV Percentile55.8%30.6%87.7%82.9%45.2%
Term Structure0.9%-4.1%3.7%-4.1%0.6%
VWIV44.7%42.1%50.7%50.7%44.1%
Skew 25d5.5%2.8%8.2%8.2%3.8%
Skew 10d12.2%7.4%31.3%14.7%10.9%
Call IV 25d41.5%38.2%45.8%45.8%41.5%
Put IV 25d47.0%43.7%54.0%54.0%45.3%
Bid-Ask Spread %66.2556.1873.7965.2873.53
Gamma HHI0.140.100.360.120.12
Net GEX3.2M2.1M4.3M3.0M2.8M
Net DEX-156.6M-231.0M-108.5M-108.5M-148.3M
Net VEX-366.0K-432.0K-324.9K-432.0K-358.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.082.502.500.74
Total Volume715.619822,25480882
Total OI23,461.90519,36126,67023,65421,649

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$203.71$175.0051.2%14.7%98.4%30.1%50.7%8.2%-4.1%3.0M-108.5M-432.0K2.5065.28N/AN/A23157711,52912,125
2025-05-02$213.14$175.0046.7%13.4%88.7%23.1%43.0%6.5%-0.8%3.2M-145.1M-389.7K0.3561.23N/AN/A92532411,60012,555
2025-05-05$212.90$180.0053.8%13.5%79.4%34.0%48.1%7.7%1.4%3.2M-138.0M-400.9K1.2756.48N/AN/A22428511,72412,741
2025-05-06$208.51$180.0051.2%13.5%80.2%30.1%48.7%7.0%1.5%3.3M-125.9M-398.9K1.7956.18N/AN/A6712011,85112,776
2025-05-07$208.79$180.0049.4%13.3%79.1%27.3%45.7%7.7%3.7%3.5M-127.9M-383.0K0.4072.03N/AN/A753011,84812,878
2025-05-08$211.19$180.0048.6%13.0%54.8%26.1%45.4%6.6%2.7%3.6M-137.6M-365.4K0.2261.08N/AN/A46210011,86112,898
2025-05-09$210.72$180.0048.7%13.0%48.3%26.3%44.3%5.9%2.9%3.4M-135.7M-368.1K0.0959.06N/AN/A8057511,74212,957
2025-05-12$217.50$185.0049.8%11.8%48.3%27.9%42.8%5.2%1.6%4.0M-172.1M-325.7K0.1367.00N/AN/A1,30516412,39613,017
2025-05-13$224.53$185.0048.5%12.0%48.6%25.9%43.0%5.6%3.1%3.9M-200.1M-352.5K0.2062.37N/AN/A64113113,04713,060
2025-05-14$227.96$185.0042.4%12.1%48.2%16.5%45.6%5.0%2.1%4.1M-214.7M-329.3K0.9060.66N/AN/A44640313,08113,067
2025-05-15$231.91$185.0042.5%12.2%46.1%16.6%43.8%3.9%1.8%3.9M-223.1M-331.7K0.3873.79N/AN/A48218512,99213,294
2025-05-16$232.12$190.0041.6%11.9%46.2%15.3%43.4%2.8%0.5%4.3M-231.0M-324.9K0.4666.49N/AN/A97745013,25813,412
2025-05-19$235.36$190.0042.0%12.0%44.5%15.8%43.8%5.9%0.2%2.1M-144.6M-340.5K1.3870.89N/AN/A2323199,17510,186
2025-05-20$233.64$190.0043.4%12.5%43.3%18.1%42.6%4.3%0.1%2.2M-141.8M-348.9K0.8166.77N/AN/A2241819,34710,404
2025-05-21$230.39$190.0044.1%12.7%38.4%19.2%46.1%4.5%0.5%2.8M-141.5M-385.4K0.2466.01N/AN/A86621110,78810,488
2025-05-22$227.16$190.0043.1%12.4%32.8%16.2%42.1%4.4%0.9%3.0M-138.7M-401.8K1.8070.79N/AN/A6010811,54610,658
2025-05-23$231.44$190.0044.8%12.8%31.0%18.5%42.7%6.0%0.1%3.0M-147.7M-403.0K0.0870.80N/AN/A2,08516911,55010,871
2025-05-27$237.79$190.0043.5%12.5%31.7%16.1%45.0%4.4%0.1%2.6M-159.4M-332.6K0.7969.16N/AN/A33226310,27810,917
2025-05-28$236.92$190.0043.9%12.6%31.5%16.9%44.2%6.0%-1.2%2.7M-155.9M-362.5K0.7670.86N/AN/A1209110,49011,074
2025-05-29$233.89$190.0043.0%12.3%31.4%15.3%43.0%4.1%2.0%2.7M-150.0M-350.8K0.1870.80N/AN/A1703110,50111,069
2025-05-30$233.50$190.0043.9%12.6%28.5%14.2%44.1%3.8%0.6%2.8M-148.3M-358.8K0.7473.53N/AN/A473510,57211,077