CRS Options History — August 2025

In August 2025, CRS traded between $239.56 and $258.71. ATM implied volatility averaged 40.0%, placing in the 5.7% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded below realized volatility by 10.0% (HV 20d: 49.9%). Max pain ranged from $230.00 to $260.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.80.

Notable Days

  • 2025-08-14: Highest Volume — 3,387 contracts
  • 2025-08-11: Largest IV spike — 18.8% change
  • 2025-08-11: Highest IV Rank — 17.0%
  • 2025-08-01: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$246.90$239.56$258.71$258.71$240.17
Max Pain$231.43$230.00$260.00$260.00$230.00
ATM IV40.0%35.5%47.6%42.9%35.7%
Expected Move11.1%10.2%12.3%12.3%10.2%
HV 20d49.9%21.7%54.6%52.0%21.7%
HV 60d37.6%36.8%38.1%37.5%36.8%
IV Rank5.7%0.0%17.0%9.0%0.4%
IV Percentile15.1%0.0%59.5%29.4%0.4%
Term Structure1.1%-0.6%3.6%-0.6%0.8%
VWIV38.3%35.0%42.3%42.3%36.8%
Skew 25d3.7%2.7%5.3%5.3%2.7%
Skew 10d7.4%5.4%10.4%10.4%5.4%
Call IV 25d37.0%34.9%40.6%40.6%34.9%
Put IV 25d40.7%37.6%46.0%46.0%37.6%
Bid-Ask Spread %78.5870.4786.4583.9886.45
Gamma HHI0.250.120.530.250.20
Net GEX894.4K-4.6M2.1M2.1M1.7M
Net DEX-35.7M-71.1M20.1M-71.1M-37.8M
Net VEX-370.6K-471.4K-308.6K-471.4K-336.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.054.440.510.56
Total Volume749.143573,387831126
Total OI17,952.52412,37521,69120,74514,840

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$258.71$260.0042.9%12.3%52.0%9.0%42.3%5.3%-0.6%2.1M-71.1M-471.4K0.5183.98N/AN/A55028111,4669,279
2025-08-04$253.44$230.0043.1%11.6%52.2%9.3%39.9%4.0%2.1%1.2M-40.8M-424.1K0.5170.47N/AN/A48825111,3879,326
2025-08-05$257.40$230.0043.6%11.4%52.4%10.2%39.3%4.3%2.3%1.9M-65.5M-428.8K0.4074.95N/AN/A49819911,6009,389
2025-08-06$253.78$230.0042.1%11.3%52.5%7.6%38.8%3.7%2.2%1.3M-45.6M-425.6K1.4772.96N/AN/A25237011,7999,548
2025-08-07$254.29$230.0044.1%11.9%52.5%10.9%40.4%4.0%0.3%1.7M-49.6M-417.1K0.2175.59N/AN/A3347111,8809,365
2025-08-08$249.00$230.0040.1%11.1%52.8%4.2%39.0%3.6%3.0%105.3K-22.1M-392.7K0.7274.66N/AN/A43331211,9539,399
2025-08-11$247.93$230.0047.6%11.3%52.7%17.0%38.7%3.0%2.2%-1.0M-8.3M-365.8K0.0775.90N/AN/A4543311,8599,648
2025-08-12$255.78$230.0044.8%10.8%54.2%12.2%39.1%3.1%3.1%1.7M-57.6M-377.9K0.8774.60N/AN/A1,6681,44312,0409,651
2025-08-13$249.72$230.0038.3%11.0%54.6%1.2%39.4%3.1%3.6%-2.1M-20.4M-355.9K0.7576.51N/AN/A29221911,9809,490
2025-08-14$246.34$230.0038.2%11.0%53.1%1.0%39.4%3.3%0.3%-4.6M2.1M-339.4K4.4476.12N/AN/A6232,76411,9989,499
2025-08-15$243.93$230.0038.8%11.1%53.1%2.0%37.8%3.6%0.5%838.2K20.1M-317.1K0.6975.81N/AN/A25117212,0009,485
2025-08-18$245.02$230.0035.5%10.2%53.0%0.0%36.2%3.7%2.1%907.7K-33.0M-308.6K0.0575.83N/AN/A951497,2915,084
2025-08-19$240.20$230.0039.4%11.3%52.8%6.4%37.6%4.3%-0.1%1.1M-27.7M-310.7K0.0880.06N/AN/A1,6081247,9915,105
2025-08-20$240.91$230.0038.9%11.1%52.8%5.6%37.9%3.9%0.3%1.7M-42.4M-369.1K0.7579.44N/AN/A1671259,2215,183
2025-08-21$241.54$230.0039.0%11.2%52.9%5.8%38.5%3.9%-0.2%1.7M-43.4M-372.8K1.2479.38N/AN/A59739,2945,270
2025-08-22$242.05$230.0037.3%10.7%52.5%3.0%36.7%3.3%0.1%1.8M-43.9M-367.8K1.5883.27N/AN/A721149,3275,318
2025-08-25$241.75$230.0037.5%10.8%52.5%3.4%36.9%4.9%-0.2%1.7M-42.7M-359.0K0.2883.00N/AN/A50149,3685,350
2025-08-26$241.25$230.0038.5%11.0%52.5%5.0%37.7%3.5%-0.3%1.7M-41.4M-354.8K0.5084.43N/AN/A38199,3855,361
2025-08-27$239.56$230.0037.2%10.7%50.5%2.9%37.0%3.4%0.6%1.7M-38.2M-343.0K1.0084.51N/AN/A42429,4145,349
2025-08-28$242.08$230.0036.4%10.4%25.1%1.6%35.0%3.7%0.8%1.8M-41.1M-344.6K0.0982.35N/AN/A9389,4355,376
2025-08-29$240.17$230.0035.7%10.2%21.7%0.4%36.8%2.7%0.8%1.7M-37.8M-336.2K0.5686.45N/AN/A81459,4705,370