CRS Options History — November 2025

In November 2025, CRS traded between $305.36 and $332.00. ATM implied volatility averaged 45.8%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 17.7% (HV 20d: 63.5%). Max pain ranged from $250.00 to $280.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.02.

Notable Days

  • 2025-11-24: Highest Volume — 2,646 contracts
  • 2025-11-20: Largest IV spike — 6.6% change
  • 2025-11-20: Highest IV Rank — 23.4%
  • 2025-11-20: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$320.75$305.36$332.00$311.48$319.08
Max Pain$266.32$250.00$280.00$250.00$280.00
ATM IV45.8%41.7%49.8%48.6%41.7%
Expected Move13.1%11.9%14.3%13.9%11.9%
HV 20d63.5%35.0%77.8%77.5%35.0%
HV 60d52.4%51.3%54.0%51.7%53.7%
IV Rank16.9%10.2%23.4%21.6%10.2%
IV Percentile55.0%22.2%76.2%69.0%22.2%
Term Structure-1.0%-2.9%0.6%-2.0%-0.8%
VWIV45.6%40.7%49.4%48.1%40.7%
Skew 25d3.6%1.6%5.4%3.0%2.0%
Skew 10d6.5%1.3%10.7%2.8%1.3%
Call IV 25d43.7%40.1%48.0%47.5%40.1%
Put IV 25d47.2%42.1%50.9%50.5%42.1%
Bid-Ask Spread %77.3772.2485.1279.1785.12
Gamma HHI0.240.210.270.230.21
Net GEX6.6M5.2M7.2M6.5M6.9M
Net DEX-318.5M-376.2M-241.7M-298.7M-264.2M
Net VEX-852.7K-897.7K-819.9K-894.0K-819.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.034.810.900.87
Total Volume513.263952,64635399
Total OI20,193.10516,95821,89919,65019,643

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$311.48$250.0048.6%13.9%77.5%21.6%48.1%3.0%-2.0%6.5M-298.7M-894.0K0.9079.17N/AN/A18616716,3693,281
2025-11-04$308.57$250.0047.9%13.7%77.7%20.4%48.9%3.4%-0.6%6.5M-285.2M-896.5K1.9179.35N/AN/A9317816,4553,396
2025-11-05$315.60$250.0047.8%13.7%77.8%20.2%48.0%3.6%-2.9%6.6M-314.4M-897.7K0.9782.15N/AN/A918816,4483,486
2025-11-06$316.16$260.0046.4%13.0%75.8%17.9%46.5%2.4%-1.3%6.6M-318.9M-891.3K1.3076.17N/AN/A567316,4843,504
2025-11-07$327.81$260.0046.6%13.3%74.2%18.2%47.2%4.7%-0.9%6.6M-357.5M-870.5K0.8872.93N/AN/A12811216,4893,546
2025-11-10$328.19$260.0044.2%12.1%74.1%14.3%42.6%2.7%-0.5%7.1M-363.6M-847.8K0.5778.73N/AN/A27715816,5443,572
2025-11-11$322.73$260.0045.1%12.4%74.8%15.8%43.5%3.1%0.3%7.1M-341.6M-859.5K1.2478.06N/AN/A799816,5883,590
2025-11-12$332.00$260.0044.0%12.6%74.9%14.0%41.9%3.7%-1.2%7.2M-376.2M-846.4K0.3276.75N/AN/A41813416,6143,620
2025-11-13$327.31$260.0044.8%12.8%73.9%15.3%45.9%4.3%0.2%6.8M-356.1M-838.1K0.9472.24N/AN/A40137616,7613,696
2025-11-14$331.48$260.0045.7%13.1%73.9%16.7%46.2%4.1%-0.8%6.9M-374.7M-854.4K0.8274.91N/AN/A34027916,8953,880
2025-11-17$330.93$270.0045.8%13.1%74.1%16.9%47.0%3.3%-1.2%6.8M-373.7M-835.3K0.5973.49N/AN/A21412716,9224,118
2025-11-18$326.44$270.0046.1%13.2%74.7%17.4%44.8%4.0%-1.4%6.6M-352.4M-832.2K0.3474.89N/AN/A30710416,8764,172
2025-11-19$325.87$270.0046.7%13.4%74.5%18.3%49.0%4.1%-0.9%6.6M-351.0M-827.5K1.3177.74N/AN/A33443816,9184,228
2025-11-20$305.36$280.0049.8%14.3%42.8%23.4%49.4%1.6%-2.2%5.2M-269.5M-832.4K0.3977.25N/AN/A48518717,0744,610
2025-11-21$308.18$280.0047.5%13.6%38.2%19.7%46.4%5.4%-0.0%5.3M-279.8M-829.7K0.1978.64N/AN/A59211317,3564,543
2025-11-24$316.60$280.0045.6%13.1%39.4%16.6%41.4%4.6%-1.5%5.4M-241.7M-827.3K0.0378.09N/AN/A2,5578913,9473,011
2025-11-25$320.43$280.0043.2%12.4%38.4%12.7%44.1%4.4%0.6%7.0M-267.2M-856.6K0.9876.68N/AN/A484716,4393,039
2025-11-26$320.03$280.0042.4%12.1%35.0%11.3%44.9%3.0%-1.5%7.1M-265.4M-844.4K4.8177.63N/AN/A4823116,4833,072
2025-11-28$319.08$280.0041.7%11.9%35.0%10.2%40.7%2.0%-0.8%6.9M-264.2M-819.9K0.8785.12N/AN/A534616,4943,149