CRWD Options History — January 2020

In January 2020, CRWD traded between $49.44 and $63.34. ATM implied volatility averaged 53.0%, placing in the 4.3% IV rank vs the trailing year. The 30-day expected move averaged 15.0%. IV traded above realized volatility by 9.0% (HV 20d: 44.1%). Max pain ranged from $47.50 to $58.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.52.

Notable Days

2020-01-06: Highest Volume — 94,552 contracts
2020-01-03: Largest IV spike — 5.9% change
2020-01-29: Highest IV Rank — 6.4%
2020-01-03: Largest Expected Move — 16.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$58.51	$49.44	$63.34	$49.44	$60.89
Max Pain	$53.60	$47.50	$58.00	$52.50	$58.00
ATM IV	53.0%	49.1%	59.9%	53.9%	50.4%
Expected Move	15.0%	14.1%	16.7%	15.2%	14.3%
HV 20d	44.1%	40.7%	51.3%	42.7%	44.6%
HV 60d	60.8%	54.3%	68.0%	65.9%	54.5%
IV Rank	4.3%	2.9%	6.4%	5.9%	3.3%
IV Percentile	3.4%	2.4%	4.7%	3.2%	3.8%
Term Structure	0.1%	-3.3%	2.0%	1.6%	2.0%
VWIV	52.8%	49.8%	58.4%	53.2%	50.4%
Skew 25d	1.3%	-0.8%	2.6%	1.7%	2.0%
Skew 10d	2.3%	-0.1%	5.3%	2.2%	3.5%
Call IV 25d	52.7%	48.5%	59.4%	53.4%	49.4%
Put IV 25d	54.1%	50.4%	61.5%	55.1%	51.4%
Bid-Ask Spread %	11.54	5.99	22.28	11.16	9.42
Gamma HHI	0.12	0.07	0.25	0.08	0.10
Net GEX	6.4M	2.4M	16.7M	2.9M	7.1M
Net DEX	-181.5M	-342.7M	-19.9M	-19.9M	-167.8M
Net VEX	-1.1M	-1.2M	-682.0K	-682.0K	-1.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.21	1.54	0.37	0.73
Total Volume	30,026.81	9,753	94,552	12,729	13,816
Total OI	158,506.667	125,271	192,583	125,271	165,641

Daily Data (21 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 Vol	Put Vol	Call OI	Put OI
2020-01-02	$49.44	$52.50	53.9%	15.2%	42.7%	0.0%	53.2%	1.7%	1.6%	2.9M	-19.9M	-682.0K	0.37	11.16	9,298	3,431	79,627	45,644
2020-01-03	$50.86	$52.50	57.1%	16.7%	42.1%	0.0%	58.4%	2.6%	1.0%	5.3M	-54.4M	-711.8K	0.24	8.72	34,786	8,454	81,034	47,147
2020-01-06	$55.52	$47.50	59.9%	16.4%	51.3%	0.0%	58.1%	2.1%	-0.6%	4.6M	-145.5M	-807.5K	0.33	17.01	70,928	23,624	85,645	46,543
2020-01-07	$54.85	$50.00	57.5%	15.9%	50.4%	0.0%	55.8%	1.6%	-0.8%	4.3M	-141.2M	-929.2K	0.39	11.50	28,975	11,396	102,051	59,562
2020-01-08	$55.34	$50.00	56.2%	15.7%	48.1%	0.0%	54.9%	1.0%	0.5%	5.5M	-160.7M	-958.6K	0.40	22.28	25,121	9,948	107,514	62,656
2020-01-09	$56.06	$50.00	55.6%	15.5%	44.7%	0.0%	54.4%	2.2%	0.0%	8.5M	-202.3M	-994.7K	0.23	14.49	27,526	6,430	114,133	61,035
2020-01-10	$57.15	$50.00	53.6%	15.2%	44.8%	0.0%	53.6%	0.7%	-0.1%	16.7M	-249.5M	-994.9K	0.22	13.03	41,678	9,290	120,087	62,905
2020-01-13	$59.01	$52.50	54.4%	15.4%	45.0%	0.0%	54.2%	0.2%	-0.3%	6.9M	-213.5M	-1.0M	0.26	11.88	26,388	6,828	105,564	57,023
2020-01-14	$59.09	$52.50	52.6%	14.9%	42.9%	0.0%	52.2%	1.5%	-0.4%	6.9M	-215.9M	-1.1M	0.24	13.33	28,477	6,797	108,044	60,127
2020-01-15	$60.11	$55.00	53.9%	15.0%	42.4%	0.0%	53.3%	-0.5%	-1.1%	8.4M	-242.1M	-1.1M	0.21	15.78	40,071	8,435	111,664	63,643
2020-01-16	$61.91	$55.00	53.7%	15.1%	41.8%	0.0%	53.1%	-0.8%	-0.9%	9.9M	-291.8M	-1.1M	0.27	15.69	27,422	7,522	115,935	68,149
2020-01-17	$63.34	$55.00	51.8%	14.3%	41.4%	0.0%	50.5%	0.6%	-3.3%	9.5M	-342.7M	-1.2M	0.39	14.60	14,345	5,652	120,785	71,798
2020-01-21	$62.00	$55.00	50.2%	14.3%	42.4%	0.0%	50.4%	0.6%	0.3%	6.6M	-220.2M	-1.1M	0.59	7.74	10,264	6,049	85,456	53,844
2020-01-22	$62.52	$55.00	49.4%	14.2%	41.5%	0.0%	49.8%	1.1%	-0.6%	7.4M	-231.8M	-1.1M	0.57	5.99	11,452	6,500	86,788	56,371
2020-01-23	$61.54	$55.00	49.1%	14.1%	40.7%	0.0%	50.2%	1.3%	-0.5%	5.7M	-196.2M	-1.2M	1.12	6.95	6,302	7,086	89,072	60,514
2020-01-24	$59.04	$55.00	50.9%	14.7%	44.9%	0.0%	51.4%	1.6%	-1.8%	2.9M	-116.8M	-1.2M	0.84	7.93	16,293	13,638	90,035	64,231
2020-01-27	$57.98	$55.00	51.5%	15.0%	44.2%	5.9%	52.8%	2.3%	1.7%	2.4M	-96.4M	-1.2M	1.54	9.48	6,317	9,726	82,105	65,626
2020-01-28	$59.20	$55.00	50.2%	14.6%	43.1%	2.9%	50.8%	2.2%	1.7%	3.4M	-128.7M	-1.2M	0.89	7.66	5,154	4,599	83,628	68,926
2020-01-29	$60.56	$57.50	51.7%	14.9%	43.1%	6.4%	51.6%	2.2%	1.1%	4.1M	-162.4M	-1.2M	0.39	10.22	7,918	3,080	85,155	72,406
2020-01-30	$62.36	$57.50	50.3%	14.3%	43.5%	2.9%	49.8%	2.0%	1.7%	5.3M	-210.9M	-1.2M	0.59	7.41	12,316	7,231	86,519	74,008
2020-01-31	$60.89	$58.00	50.4%	14.3%	44.6%	3.3%	50.4%	2.0%	2.0%	7.1M	-167.8M	-1.2M	0.73	9.42	7,994	5,822	89,221	76,420