CRS Options History — December 2025

In December 2025, CRS traded between $304.08 and $334.60. ATM implied volatility averaged 40.7%, placing in the 8.6% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 8.0% (HV 20d: 32.7%). Max pain ranged from $280.00 to $310.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.53.

Notable Days

  • 2025-12-19: Highest Volume — 1,190 contracts
  • 2025-12-08: Largest IV spike — 10.1% change
  • 2025-12-08: Highest IV Rank — 18.5%
  • 2025-12-02: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$319.34$304.08$334.60$318.50$316.31
Max Pain$300.00$280.00$310.00$280.00$310.00
ATM IV40.7%36.1%46.7%41.3%36.1%
Expected Move11.5%10.4%12.5%11.8%10.4%
HV 20d32.7%26.9%36.8%34.8%29.3%
HV 60d53.2%51.1%54.5%53.5%51.5%
IV Rank8.6%1.1%18.5%9.6%1.1%
IV Percentile18.4%0.8%62.7%18.7%0.8%
Term Structure4.4%-2.7%9.1%-0.9%9.1%
VWIV40.6%37.3%43.8%41.4%39.7%
Skew 25d3.4%0.7%6.3%6.3%3.5%
Skew 10d6.9%0.6%16.8%16.8%6.0%
Call IV 25d39.3%34.8%42.0%40.0%36.8%
Put IV 25d42.6%40.1%46.3%46.3%40.3%
Bid-Ask Spread %70.2961.2384.3980.0079.17
Gamma HHI0.250.200.330.210.30
Net GEX6.6M5.3M7.3M7.0M6.9M
Net DEX-239.2M-279.7M-198.7M-253.1M-199.9M
Net VEX-717.5K-813.8K-649.7K-813.8K-649.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.041.680.310.42
Total Volume270.636481,190231142
Total OI18,080.04513,38420,28219,69114,010

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$318.50$280.0041.3%11.8%34.8%9.6%41.4%6.3%-0.9%7.0M-253.1M-813.8K0.3180.00N/AN/A1775416,5163,175
2025-12-02$313.49$280.0043.6%12.5%34.5%13.3%42.3%3.3%-2.7%7.0M-242.5M-802.9K1.6881.79N/AN/A11419116,6003,223
2025-12-03$311.55$280.0043.2%12.4%34.4%12.7%43.8%2.8%-1.9%6.4M-230.9M-796.8K0.9484.39N/AN/A676316,6213,381
2025-12-04$316.55$300.0041.9%11.6%34.0%10.6%39.4%2.5%5.4%6.7M-249.6M-780.7K0.4366.48N/AN/A1516516,6573,420
2025-12-05$304.08$300.0042.5%11.7%36.8%11.5%41.2%1.9%4.3%5.5M-199.7M-764.3K0.3463.06N/AN/A1555216,6823,447
2025-12-08$307.00$300.0046.7%12.0%34.3%18.5%42.4%5.3%4.6%5.6M-206.3M-741.5K0.7865.39N/AN/A594616,5963,464
2025-12-09$305.25$300.0045.1%12.1%34.3%15.8%43.4%3.2%3.4%5.3M-198.7M-730.7K0.7561.23N/AN/A614616,6263,465
2025-12-10$305.88$300.0040.9%11.7%34.0%8.9%40.7%4.8%5.2%5.9M-206.4M-736.3K0.2267.47N/AN/A1403116,6213,473
2025-12-11$320.22$300.0040.3%11.6%36.5%7.9%41.6%5.1%4.6%6.8M-256.2M-739.4K0.4762.92N/AN/A24511616,7043,460
2025-12-12$322.21$300.0040.4%11.6%36.3%8.1%41.2%2.9%4.8%7.1M-270.3M-725.8K0.2363.14N/AN/A54112316,7403,465
2025-12-15$320.62$300.0041.6%11.9%36.0%10.1%42.0%2.3%4.0%6.6M-256.1M-699.8K0.2664.90N/AN/A2857416,4813,494
2025-12-16$320.80$300.0041.4%11.9%36.0%9.7%39.6%4.0%4.6%6.6M-256.6M-698.4K0.1565.77N/AN/A4576716,5283,502
2025-12-17$316.10$300.0043.1%12.4%36.1%12.6%43.5%2.9%4.0%6.4M-245.2M-690.4K0.4963.10N/AN/A1065216,7273,478
2025-12-18$320.61$300.0040.1%11.5%36.5%7.6%40.2%2.3%6.2%7.3M-263.3M-684.4K0.3565.44N/AN/A1103916,7603,507
2025-12-19$326.54$300.0038.0%10.9%28.1%4.2%37.3%3.3%6.0%6.1M-279.7M-677.6K0.0467.19N/AN/A1,1424816,7613,521
2025-12-22$332.18$300.0038.4%11.0%28.4%4.8%38.3%3.8%5.8%6.7M-241.9M-677.0K0.3972.31N/AN/A29811612,1511,233
2025-12-23$332.56$310.0038.2%10.9%27.1%4.4%38.8%3.4%5.2%6.9M-249.6M-685.0K0.4068.53N/AN/A1194812,4071,317
2025-12-24$334.55$310.0039.2%11.2%26.9%6.1%39.9%2.5%4.5%7.0M-258.8M-685.0K1.6870.92N/AN/A223712,4721,345
2025-12-26$334.60$310.0037.3%10.7%26.9%3.0%37.9%5.4%6.8%7.2M-255.6M-678.0K0.2076.37N/AN/A40812,4811,376
2025-12-29$325.02$310.0038.7%11.1%29.1%5.3%39.9%0.7%6.4%7.1M-228.1M-661.4K0.3777.51N/AN/A973612,5161,381
2025-12-30$320.87$310.0037.9%10.9%29.5%4.0%37.9%1.8%7.5%7.0M-214.9M-666.9K0.7579.31N/AN/A654912,5721,405
2025-12-31$316.31$310.0036.1%10.4%29.3%1.1%39.7%3.5%9.1%6.9M-199.9M-649.7K0.4279.17N/AN/A1004212,5861,424