CRS Options History — October 2025

In October 2025, CRS traded between $236.25 and $322.63. ATM implied volatility averaged 47.9%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded below realized volatility by 4.3% (HV 20d: 52.1%). Max pain ranged from $240.00 to $250.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.28.

Notable Days

2025-10-22: Highest Volume — 9,589 contracts
2025-10-23: Largest IV drop — 15.2% change
2025-10-14: Highest IV Rank — 35.2%
2025-10-16: Largest Expected Move — 15.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$267.25	$236.25	$322.63	$251.08	$317.54
Max Pain	$246.52	$240.00	$250.00	$240.00	$250.00
ATM IV	47.9%	42.3%	57.0%	45.2%	46.0%
Expected Move	13.9%	12.1%	15.5%	13.0%	13.2%
HV 20d	52.1%	37.8%	79.2%	40.0%	76.8%
HV 60d	44.2%	39.5%	56.9%	39.5%	51.8%
IV Rank	20.3%	11.1%	35.2%	15.9%	17.2%
IV Percentile	64.1%	29.8%	91.3%	54.8%	58.3%
Term Structure	-2.1%	-5.8%	3.5%	2.5%	-1.3%
VWIV	48.0%	40.2%	54.7%	45.4%	47.0%
Skew 25d	2.7%	1.4%	5.7%	2.5%	3.7%
Skew 10d	4.8%	-2.9%	8.2%	8.0%	7.0%
Call IV 25d	47.3%	41.9%	53.5%	43.5%	44.7%
Put IV 25d	50.0%	45.1%	56.0%	46.0%	48.4%
Bid-Ask Spread %	76.47	71.11	83.79	74.27	77.17
Gamma HHI	0.22	0.17	0.25	0.21	0.24
Net GEX	3.5M	1.5M	7.3M	2.1M	6.5M
Net DEX	-125.5M	-359.9M	-21.9M	-44.5M	-324.6M
Net VEX	-453.7K	-991.5K	-209.7K	-256.1K	-916.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.28	0.03	0.85	0.37	0.85
Total Volume	1,038	76	9,589	138	218
Total OI	12,667.348	8,496	20,695	9,054	19,707

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-10-01	$251.08	$240.00	45.2%	13.0%	40.0%	15.9%	45.4%	2.5%	2.5%	2.1M	-44.5M	-256.1K	0.37	74.27	N/A	N/A	101	37	6,287	2,767
2025-10-02	$248.86	$240.00	45.0%	12.9%	39.8%	15.6%	44.6%	1.6%	2.0%	2.0M	-40.0M	-246.2K	0.23	75.47	N/A	N/A	66	15	6,303	2,788
2025-10-03	$245.78	$240.00	43.8%	12.5%	38.8%	13.6%	43.3%	1.8%	3.5%	1.9M	-35.1M	-238.3K	0.29	76.72	N/A	N/A	59	17	6,314	2,789
2025-10-06	$251.83	$250.00	45.4%	14.4%	39.0%	16.2%	49.0%	1.5%	-3.2%	2.2M	-46.7M	-242.6K	0.16	71.66	N/A	N/A	1,025	161	6,326	2,773
2025-10-07	$256.23	$250.00	46.7%	14.2%	37.8%	18.5%	49.0%	3.0%	-2.3%	2.6M	-58.0M	-272.5K	0.50	72.98	N/A	N/A	142	71	6,950	2,868
2025-10-08	$260.92	$250.00	44.6%	14.2%	38.2%	14.9%	49.0%	2.7%	-1.4%	2.9M	-69.0M	-276.2K	0.24	75.57	N/A	N/A	254	60	7,013	2,877
2025-10-09	$251.12	$250.00	46.6%	14.4%	40.6%	18.2%	49.2%	2.4%	-3.6%	2.4M	-49.4M	-260.3K	0.39	75.19	N/A	N/A	152	59	7,037	2,874
2025-10-10	$242.30	$250.00	47.0%	14.7%	42.6%	19.0%	51.2%	2.3%	-3.4%	1.9M	-32.9M	-243.3K	0.26	75.89	N/A	N/A	87	23	7,046	2,888
2025-10-13	$242.34	$250.00	51.2%	15.0%	42.5%	25.8%	51.9%	1.6%	-3.0%	1.9M	-31.1M	-233.9K	0.16	77.14	N/A	N/A	225	35	7,072	2,913
2025-10-14	$242.23	$250.00	57.0%	15.2%	42.5%	35.2%	52.4%	1.7%	-3.0%	2.1M	-32.5M	-231.1K	0.15	77.18	N/A	N/A	304	47	7,261	2,920
2025-10-15	$243.10	$250.00	51.5%	14.8%	42.4%	26.3%	53.5%	1.9%	-2.6%	2.1M	-33.5M	-230.0K	0.32	75.24	N/A	N/A	103	33	7,336	2,910
2025-10-16	$236.25	$240.00	54.0%	15.5%	43.5%	30.4%	54.7%	2.5%	-5.8%	1.5M	-21.9M	-213.9K	0.66	77.08	N/A	N/A	70	46	7,334	2,921
2025-10-17	$238.24	$240.00	51.6%	14.8%	42.7%	26.4%	51.0%	3.5%	-3.7%	1.8M	-21.9M	-209.7K	0.06	77.92	N/A	N/A	516	32	7,366	2,922
2025-10-20	$241.23	$240.00	51.9%	14.9%	42.9%	26.9%	50.1%	2.7%	-5.0%	1.7M	-28.9M	-212.6K	0.11	78.19	N/A	N/A	206	22	6,002	2,494
2025-10-21	$248.45	$240.00	51.7%	14.8%	44.1%	26.6%	51.5%	3.0%	-4.2%	1.9M	-38.3M	-226.2K	0.22	79.02	N/A	N/A	131	29	6,032	2,515
2025-10-22	$246.66	$250.00	52.2%	15.0%	43.2%	27.4%	52.1%	5.7%	-4.9%	1.8M	-34.9M	-220.1K	0.03	83.79	N/A	N/A	9,292	297	6,062	2,534
2025-10-23	$298.27	$240.00	44.3%	12.7%	79.2%	14.4%	44.4%	4.1%	-0.6%	5.9M	-261.2M	-878.3K	0.29	71.11	N/A	N/A	2,160	627	15,196	2,750
2025-10-24	$314.83	$250.00	42.3%	12.1%	77.3%	11.1%	41.3%	3.3%	-0.3%	6.5M	-319.6M	-917.2K	0.21	74.00	N/A	N/A	2,720	558	16,153	2,936
2025-10-27	$316.64	$250.00	44.4%	12.7%	75.0%	14.7%	40.2%	3.7%	-0.9%	7.2M	-339.3M	-962.7K	0.15	78.07	N/A	N/A	1,829	276	17,327	3,045
2025-10-28	$308.73	$250.00	43.9%	12.6%	76.3%	13.8%	44.1%	1.6%	-1.7%	7.3M	-308.2M	-975.0K	0.73	76.64	N/A	N/A	306	224	17,332	3,116
2025-10-29	$322.63	$250.00	48.1%	13.8%	77.0%	20.7%	47.0%	3.5%	-3.3%	7.2M	-355.6M	-991.5K	0.08	81.89	N/A	N/A	656	54	17,366	3,232
2025-10-30	$321.42	$250.00	46.8%	13.4%	76.8%	18.5%	42.9%	1.4%	-2.8%	7.2M	-359.9M	-981.9K	0.10	76.55	N/A	N/A	482	47	17,444	3,251
2025-10-31	$317.54	$250.00	46.0%	13.2%	76.8%	17.2%	47.0%	3.7%	-1.3%	6.5M	-324.6M	-916.3K	0.85	77.17	N/A	N/A	118	100	16,459	3,248