CRS Options History — July 2025

In July 2025, CRS traded between $250.40 and $288.06. ATM implied volatility averaged 48.6%, placing in the 18.7% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 22.5% (HV 20d: 26.1%). Max pain ranged from $240.00 to $260.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 1.41.

Notable Days

  • 2025-07-31: Highest Volume — 2,627 contracts
  • 2025-07-31: Largest IV drop — 24.5% change
  • 2025-07-30: Highest IV Rank — 34.1%
  • 2025-07-30: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$277.04$250.40$288.06$272.81$250.40
Max Pain$250.45$240.00$260.00$240.00$260.00
ATM IV48.6%42.1%57.7%44.2%43.5%
Expected Move14.1%12.5%16.5%12.7%12.5%
HV 20d26.1%20.3%51.0%29.2%51.0%
HV 60d35.6%25.9%55.2%55.2%37.3%
IV Rank18.7%8.0%34.1%12.1%10.0%
IV Percentile66.2%25.4%92.1%48.4%34.9%
Term Structure-3.6%-10.9%4.6%4.4%-4.1%
VWIV49.5%40.0%58.0%41.9%40.0%
Skew 25d4.7%2.7%6.3%4.7%2.7%
Skew 10d10.8%7.3%16.0%10.7%8.3%
Call IV 25d46.6%38.2%55.8%41.2%41.0%
Put IV 25d51.4%43.8%59.2%45.9%43.8%
Bid-Ask Spread %73.4666.7082.4073.2682.40
Gamma HHI0.210.160.290.220.29
Net GEX2.9M851.2K4.6M2.9M851.2K
Net DEX-146.3M-194.6M-26.9M-148.3M-26.9M
Net VEX-466.3K-506.9K-424.6K-468.3K-450.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.410.075.232.080.50
Total Volume745.9091272,6274192,627
Total OI18,121.72716,20120,44516,40820,445

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$272.81$240.0044.2%12.7%29.2%12.1%41.9%4.7%4.4%2.9M-148.3M-468.3K2.0873.26N/AN/A1362839,4706,938
2025-07-02$274.41$240.0043.6%12.5%28.6%11.0%46.8%6.3%4.6%3.0M-150.7M-457.5K1.7380.15N/AN/A631099,5117,022
2025-07-03$279.97$250.0042.1%14.0%29.1%8.0%49.3%3.3%-2.5%3.0M-167.3M-439.1K4.1771.98N/AN/A1205009,4997,115
2025-07-07$281.68$250.0045.1%14.3%28.7%13.0%50.0%5.0%-2.4%2.9M-167.4M-446.7K0.7869.25N/AN/A1651289,4817,475
2025-07-08$276.32$250.0044.1%14.0%30.1%10.9%48.9%3.7%-2.6%3.0M-152.0M-452.8K1.3470.59N/AN/A5657589,5047,524
2025-07-09$275.98$250.0048.8%14.0%28.8%18.9%48.7%3.8%-3.4%3.1M-149.6M-491.1K1.2976.13N/AN/A63819,9918,205
2025-07-10$276.91$250.0047.8%13.7%23.0%17.2%49.5%3.5%-1.3%3.3M-155.8M-479.0K0.9573.26N/AN/A656210,0148,195
2025-07-11$277.69$250.0048.4%13.9%23.0%18.3%49.9%6.3%-3.0%3.3M-157.1M-475.8K0.7570.80N/AN/A1591209,9708,237
2025-07-14$278.42$250.0052.1%14.9%23.0%24.6%51.7%5.4%-5.1%3.3M-161.3M-454.3K4.2570.59N/AN/A9339510,0648,264
2025-07-15$279.23$250.0050.2%14.4%22.8%21.3%50.9%4.7%-4.0%3.5M-163.2M-455.1K1.4866.70N/AN/A28642310,0848,555
2025-07-16$279.83$250.0050.5%14.5%22.8%21.8%50.8%5.9%-4.7%3.8M-163.4M-465.2K0.3371.28N/AN/A43914610,2518,397
2025-07-17$288.06$250.0049.5%14.2%23.7%20.1%50.8%5.8%-4.7%4.6M-194.6M-436.1K1.0072.26N/AN/A30530410,2918,517
2025-07-18$287.03$250.0048.0%13.8%23.4%17.5%48.6%4.8%-3.5%4.1M-189.0M-425.6K0.3072.23N/AN/A72721810,2948,674
2025-07-21$281.03$250.0048.7%14.0%25.4%18.8%48.1%5.6%-3.8%1.6M-134.0M-424.6K0.0770.81N/AN/A2,2021618,3927,809
2025-07-22$273.86$250.0050.3%14.4%25.0%21.5%48.0%5.2%-5.4%2.3M-124.3M-490.0K0.2272.64N/AN/A7061529,7277,901
2025-07-23$274.82$250.0050.3%14.4%24.6%21.6%50.3%4.8%-5.4%2.4M-131.2M-482.7K0.9174.72N/AN/A3533229,9297,964
2025-07-24$273.55$250.0050.1%14.4%24.6%21.1%48.0%5.3%-4.3%2.4M-125.4M-506.9K0.3874.80N/AN/A1325010,1588,250
2025-07-25$276.72$250.0049.2%14.1%22.2%19.6%52.4%4.3%-4.0%2.5M-137.7M-492.9K5.2374.58N/AN/A11258610,1758,279
2025-07-28$276.87$250.0051.6%14.8%20.7%23.7%53.6%4.6%-6.4%2.4M-134.8M-490.7K2.2575.67N/AN/A17539310,2398,768
2025-07-29$275.22$260.0052.7%15.1%20.3%25.6%53.3%5.3%-7.6%2.2M-129.6M-488.3K0.5077.36N/AN/A1547710,3209,151
2025-07-30$284.16$260.0057.7%16.5%23.0%34.1%58.0%3.4%-10.9%2.4M-155.4M-485.0K0.4174.57N/AN/A1,05943610,4269,203
2025-07-31$250.40$260.0043.5%12.5%51.0%10.0%40.0%2.7%-4.1%851.2K-26.9M-450.8K0.5082.40N/AN/A1,75587211,1089,337