CRWD Options History — February 2020

In February 2020, CRWD traded between $58.12 and $65.92. ATM implied volatility averaged 58.8%, placing in the 24.0% IV rank vs the trailing year. The 30-day expected move averaged 18.1%. IV traded above realized volatility by 22.7% (HV 20d: 36.1%). Max pain ranged from $55.00 to $58.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.54.

Notable Days

2020-02-11: Highest Volume — 51,513 contracts
2020-02-18: Largest IV spike — 15.5% change
2020-02-28: Highest IV Rank — 70.8%
2020-02-28: Largest Expected Move — 24.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.24	$58.12	$65.92	$61.25	$58.78
Max Pain	$56.34	$55.00	$58.00	$57.50	$57.00
ATM IV	58.8%	49.3%	77.7%	50.5%	77.7%
Expected Move	18.1%	14.3%	24.4%	14.3%	24.4%
HV 20d	36.1%	32.4%	44.1%	44.1%	34.6%
HV 60d	47.4%	42.2%	54.5%	54.3%	42.4%
IV Rank	24.0%	0.4%	70.8%	3.5%	70.8%
IV Percentile	32.4%	0.7%	85.9%	4.6%	85.9%
Term Structure	1.4%	-4.3%	10.8%	2.0%	-4.3%
VWIV	63.2%	49.2%	85.6%	49.2%	85.6%
Skew 25d	2.0%	0.8%	5.0%	2.6%	5.0%
Skew 10d	4.4%	2.1%	8.9%	6.3%	8.9%
Call IV 25d	58.1%	48.9%	77.0%	49.7%	77.0%
Put IV 25d	60.1%	50.4%	81.9%	52.2%	81.9%
Bid-Ask Spread %	12.17	5.76	26.94	5.76	11.32
Gamma HHI	0.09	0.05	0.21	0.09	0.06
Net GEX	5.2M	740.9K	11.7M	3.6M	2.7M
Net DEX	-164.3M	-266.7M	-40.9M	-153.3M	-77.1M
Net VEX	-1.3M	-1.5M	-1.2M	-1.2M	-1.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.11	1.31	1.31	0.54
Total Volume	20,491.842	11,796	51,513	12,757	14,332
Total OI	171,673.895	150,220	190,557	150,220	189,993

Daily Data (19 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
2020-02-03	$61.25	$57.50	50.5%	14.3%	44.1%	3.5%	49.2%	2.6%	2.0%	3.6M	-153.3M	-1.2M	1.31	5.76	5,525	7,232	79,253	70,967
2020-02-04	$63.36	$58.00	50.9%	14.5%	34.5%	4.5%	50.8%	1.9%	1.3%	5.1M	-209.6M	-1.2M	0.38	6.95	16,279	6,218	81,681	75,384
2020-02-05	$61.76	$58.00	52.3%	14.7%	35.8%	7.9%	51.5%	2.3%	2.5%	4.0M	-160.2M	-1.3M	0.41	8.10	11,956	4,957	83,462	78,505
2020-02-06	$62.25	$55.00	49.3%	16.0%	35.8%	0.4%	55.1%	1.7%	-0.8%	5.0M	-178.5M	-1.2M	0.35	11.36	12,867	4,476	85,959	79,704
2020-02-07	$62.00	$55.00	49.7%	16.3%	35.9%	1.5%	56.7%	1.1%	-0.8%	5.3M	-174.6M	-1.3M	0.52	18.16	11,586	6,028	91,838	81,581
2020-02-10	$63.35	$55.00	51.3%	17.3%	36.0%	5.5%	60.1%	0.8%	8.9%	5.8M	-198.8M	-1.3M	0.20	17.97	16,733	3,318	85,187	70,943
2020-02-11	$65.11	$55.00	52.7%	18.0%	35.6%	8.9%	62.7%	1.0%	10.3%	8.0M	-258.7M	-1.3M	0.11	16.17	46,215	5,298	92,089	72,989
2020-02-12	$65.24	$55.00	52.0%	17.6%	35.6%	7.3%	61.7%	1.4%	9.1%	10.0M	-266.7M	-1.4M	0.38	26.94	14,850	5,583	99,353	75,663
2020-02-13	$65.02	$55.00	53.2%	17.5%	35.4%	10.1%	60.9%	1.5%	10.0%	10.3M	-255.4M	-1.4M	0.63	8.84	12,680	7,931	101,371	78,764
2020-02-14	$64.97	$55.00	53.4%	17.4%	34.1%	10.7%	60.5%	1.6%	10.8%	11.7M	-243.3M	-1.4M	0.42	8.80	9,898	4,165	101,911	82,051
2020-02-18	$65.92	$55.00	61.7%	18.0%	33.5%	31.2%	63.6%	1.6%	-2.5%	7.5M	-251.8M	-1.3M	0.59	16.08	9,086	5,376	91,034	78,354
2020-02-19	$65.88	$55.00	61.0%	17.5%	32.4%	29.4%	61.0%	1.0%	-2.9%	8.2M	-252.8M	-1.3M	0.28	10.58	15,997	4,474	92,849	80,299
2020-02-20	$63.31	$57.50	62.3%	18.0%	35.7%	32.6%	62.9%	1.7%	-2.5%	4.5M	-166.8M	-1.3M	0.59	15.23	20,077	11,908	95,429	82,956
2020-02-21	$60.83	$57.50	65.4%	19.1%	38.1%	40.3%	66.3%	2.3%	-3.8%	740.9K	-83.0M	-1.4M	1.10	12.49	12,126	13,315	100,971	89,586
2020-02-24	$58.37	$57.50	68.1%	20.6%	38.1%	46.9%	71.7%	2.7%	-3.3%	1.6M	-42.6M	-1.4M	0.97	10.75	9,470	9,148	85,142	77,462
2020-02-25	$58.12	$57.50	68.0%	21.2%	37.6%	46.8%	73.8%	2.3%	-2.3%	1.4M	-40.9M	-1.4M	0.72	9.16	9,654	6,980	88,691	82,597
2020-02-26	$58.80	$57.50	66.2%	20.2%	37.0%	42.3%	70.0%	3.5%	-2.2%	1.6M	-57.9M	-1.4M	0.35	7.88	8,739	3,057	91,106	85,750
2020-02-27	$58.15	$57.50	71.5%	22.0%	36.2%	55.4%	76.6%	2.5%	-3.5%	1.3M	-49.4M	-1.5M	0.47	8.71	14,811	7,000	93,865	87,065
2020-02-28	$58.78	$57.00	77.7%	24.4%	34.6%	70.8%	85.6%	5.0%	-4.3%	2.7M	-77.1M	-1.5M	0.54	11.32	9,290	5,042	101,544	88,449