CRS Options History — September 2025

In September 2025, CRS traded between $233.31 and $252.46. ATM implied volatility averaged 40.7%, placing in the 8.6% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 15.3% (HV 20d: 25.4%). Max pain ranged from $230.00 to $240.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.53.

Notable Days

  • 2025-09-26: Highest Volume — 717 contracts
  • 2025-09-08: Largest IV spike — 7.6% change
  • 2025-09-30: Highest IV Rank — 16.0%
  • 2025-09-30: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$242.29$233.31$252.46$239.81$244.48
Max Pain$239.05$230.00$240.00$230.00$240.00
ATM IV40.7%38.3%45.2%39.1%45.2%
Expected Move11.6%10.6%13.0%11.2%13.0%
HV 20d25.4%20.3%39.7%20.7%39.7%
HV 60d36.6%35.1%39.2%36.7%39.2%
IV Rank8.6%4.6%16.0%6.0%16.0%
IV Percentile18.1%3.2%55.2%7.1%55.2%
Term Structure3.3%-0.9%5.7%-0.8%1.9%
VWIV40.6%37.6%45.0%40.1%45.0%
Skew 25d2.2%0.7%4.1%3.7%1.7%
Skew 10d5.5%1.2%8.3%6.6%6.2%
Call IV 25d39.7%36.5%44.1%37.9%44.1%
Put IV 25d41.9%39.2%46.7%41.5%45.8%
Bid-Ask Spread %70.9358.5186.4384.7773.84
Gamma HHI0.240.200.360.210.22
Net GEX2.0M1.2M3.4M1.6M1.8M
Net DEX-38.2M-70.8M-14.5M-36.9M-34.0M
Net VEX-278.3K-330.5K-224.1K-318.5K-246.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.052.150.470.19
Total Volume291.9055771712857
Total OI13,164.9528,26416,00714,8409,061

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$239.81$230.0039.1%11.2%20.7%6.0%40.1%3.7%-0.8%1.6M-36.9M-318.5K0.4784.77N/AN/A87419,4415,399
2025-09-03$235.44$230.0040.1%11.5%20.3%7.7%40.1%3.1%-0.9%1.3M-24.8M-305.3K0.4386.43N/AN/A2301009,4425,408
2025-09-04$240.08$240.0038.3%10.6%21.6%4.6%37.6%3.1%5.7%1.7M-37.0M-312.4K0.7264.46N/AN/A104759,4925,411
2025-09-05$246.88$240.0039.0%11.0%24.2%5.9%39.0%1.1%4.2%2.2M-54.2M-330.5K0.8065.31N/AN/A1951569,5365,455
2025-09-08$252.46$240.0042.0%11.1%24.4%10.7%39.1%2.5%3.5%2.6M-70.8M-328.5K0.5161.20N/AN/A4442259,5025,545
2025-09-09$245.11$240.0040.5%11.3%26.7%8.3%39.2%2.4%4.2%2.0M-49.7M-312.5K0.1564.14N/AN/A238369,6215,553
2025-09-10$245.88$240.0038.9%11.1%24.0%5.6%39.4%1.9%3.7%2.1M-51.3M-313.1K0.1858.51N/AN/A82159,7565,561
2025-09-11$242.76$240.0039.1%11.2%22.9%6.0%38.8%1.6%3.4%1.8M-42.6M-301.5K0.0565.24N/AN/A534269,7895,564
2025-09-12$240.46$240.0038.8%11.1%22.6%5.5%40.0%1.8%3.7%1.8M-37.2M-293.7K0.3362.48N/AN/A1384510,2415,561
2025-09-15$242.06$240.0039.9%11.4%22.6%7.3%41.6%1.9%3.7%2.1M-42.1M-285.4K1.0168.87N/AN/A13713810,2995,578
2025-09-16$241.80$240.0040.3%11.5%22.5%7.9%40.5%1.5%2.5%2.1M-40.3M-277.6K1.4671.56N/AN/A243510,3785,586
2025-09-17$244.16$240.0040.5%11.6%21.6%8.2%38.8%2.9%3.3%2.7M-49.7M-276.1K1.3878.49N/AN/A12817610,4155,592
2025-09-18$245.53$240.0040.8%11.7%21.6%8.7%41.1%1.9%3.4%3.4M-52.8M-265.8K2.1572.84N/AN/A11224110,4415,560
2025-09-19$239.32$240.0040.1%11.5%23.6%7.6%40.5%0.7%4.4%3.4M-34.0M-246.9K0.2673.08N/AN/A3218510,4465,379
2025-09-22$241.01$240.0040.9%11.7%23.7%9.0%40.9%2.5%3.8%1.3M-23.5M-241.0K0.1971.35N/AN/A260495,5942,670
2025-09-23$240.03$240.0042.1%12.1%23.8%10.8%42.1%2.5%3.5%1.4M-22.0M-237.8K0.2475.30N/AN/A134325,7682,710
2025-09-24$234.48$240.0042.4%12.1%25.1%11.3%41.6%0.8%3.0%1.2M-17.0M-230.4K0.2476.96N/AN/A151365,7752,737
2025-09-25$233.31$240.0042.0%12.0%25.1%10.6%41.4%2.3%4.6%1.2M-14.5M-224.1K0.0972.10N/AN/A212205,8552,733
2025-09-26$251.40$240.0042.0%12.0%36.7%10.7%42.4%2.7%5.1%1.8M-39.8M-257.8K0.0570.47N/AN/A681365,8672,748
2025-09-29$241.57$240.0043.1%12.4%39.5%12.5%43.9%4.1%4.2%1.7M-27.5M-238.1K0.2572.15N/AN/A236586,2502,745
2025-09-30$244.48$240.0045.2%13.0%39.7%16.0%45.0%1.7%1.9%1.8M-34.0M-246.5K0.1973.84N/AN/A4896,2922,769