CRWD Options History — March 2020

In March 2020, CRWD traded between $33.51 and $58.94. ATM implied volatility averaged 85.6%, placing in the 64.4% IV rank vs the trailing year. The 30-day expected move averaged 24.5%. IV traded above realized volatility by 2.5% (HV 20d: 83.1%). Max pain ranged from $52.50 to $60.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.91.

Notable Days

2020-03-18: Highest Volume — 54,683 contracts
2020-03-20: Largest IV drop — 32.3% change
2020-03-09: Highest IV Rank — 100.0%
2020-03-18: Largest Expected Move — 33.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$49.48	$33.51	$58.94	$58.59	$55.89
Max Pain	$55.11	$52.50	$60.00	$57.50	$52.50
ATM IV	85.6%	65.3%	116.6%	71.6%	65.3%
Expected Move	24.5%	18.4%	33.4%	22.7%	18.4%
HV 20d	83.1%	32.2%	125.0%	33.7%	125.0%
HV 60d	61.4%	40.4%	78.3%	41.7%	78.3%
IV Rank	64.4%	24.0%	100.0%	55.6%	24.0%
IV Percentile	81.2%	42.7%	100.0%	72.7%	42.7%
Term Structure	-2.9%	-11.5%	2.8%	-3.4%	0.0%
VWIV	84.9%	61.8%	115.3%	78.6%	61.8%
Skew 25d	10.0%	1.9%	32.5%	2.7%	8.6%
Skew 10d	20.4%	3.8%	48.1%	4.9%	23.2%
Call IV 25d	80.7%	60.8%	108.4%	69.3%	62.9%
Put IV 25d	90.7%	69.8%	125.7%	72.0%	71.5%
Bid-Ask Spread %	23.62	8.97	58.60	8.97	22.78
Gamma HHI	0.09	0.06	0.18	0.07	0.06
Net GEX	839.5K	-1.6M	8.2M	2.8M	19.0K
Net DEX	7.5M	-255.5M	187.4M	-79.0M	-52.2M
Net VEX	-1.4M	-1.6M	-893.2K	-1.5M	-1.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.91	0.19	2.59	0.41	0.19
Total Volume	18,510.455	6,048	54,683	8,897	13,230
Total OI	199,481.045	176,122	246,035	177,220	178,799

Daily Data (22 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
2020-03-02	$58.59	$57.50	71.6%	22.7%	33.7%	55.6%	78.6%	2.7%	-3.4%	2.8M	-79.0M	-1.5M	0.41	8.97	6,329	2,568	92,974	84,246
2020-03-03	$56.84	$57.50	71.8%	23.0%	35.0%	56.2%	80.6%	2.0%	-1.7%	1.6M	-35.7M	-1.5M	0.52	10.58	10,892	5,643	94,095	85,691
2020-03-04	$56.92	$57.50	68.1%	21.9%	32.2%	46.9%	75.7%	2.3%	-1.8%	918.6K	-26.9M	-1.5M	0.29	11.70	4,881	1,407	96,056	89,945
2020-03-05	$55.28	$60.00	74.7%	19.9%	32.5%	63.4%	69.2%	1.9%	-2.0%	7.7K	4.7M	-1.5M	1.00	12.49	4,056	4,075	98,738	90,196
2020-03-06	$51.76	$60.00	88.3%	23.1%	38.5%	97.1%	81.0%	8.1%	-1.9%	-343.6K	74.8M	-1.4M	2.59	12.00	5,780	14,955	100,389	92,793
2020-03-09	$46.05	$60.00	100.5%	27.2%	54.1%	100.0%	95.1%	3.9%	-4.7%	-1.1M	123.3M	-1.3M	1.06	22.02	12,027	12,778	92,397	91,620
2020-03-10	$46.50	$55.00	90.7%	24.4%	53.2%	81.0%	84.4%	5.8%	-6.2%	-1.6M	145.8M	-1.3M	0.57	16.93	18,862	10,754	99,620	98,483
2020-03-11	$43.16	$55.00	92.2%	25.4%	54.6%	83.9%	90.5%	7.4%	-4.6%	-1.3M	169.4M	-1.2M	0.81	14.04	8,936	7,268	104,940	98,889
2020-03-12	$38.10	$55.00	104.8%	28.7%	65.2%	100.0%	94.6%	6.9%	-6.8%	-1.4M	187.4M	-1.1M	1.42	13.87	6,372	9,042	107,370	98,083
2020-03-13	$38.91	$55.00	99.9%	28.1%	66.9%	91.2%	94.5%	32.5%	-3.6%	-1.5M	174.0M	-1.1M	1.01	11.77	5,816	5,859	110,108	96,759
2020-03-16	$33.51	$55.00	116.4%	32.9%	79.2%	100.0%	111.5%	9.4%	-2.2%	-1.2M	182.1M	-893.2K	2.54	25.08	4,029	10,227	94,546	95,443
2020-03-17	$38.00	$55.00	113.7%	32.4%	96.1%	95.9%	112.6%	11.6%	-10.2%	-1.2M	154.3M	-1.1M	1.27	20.99	6,229	7,903	96,303	97,333
2020-03-18	$38.79	$55.00	116.6%	33.4%	97.2%	100.0%	115.1%	17.6%	-11.5%	-906.5K	127.5M	-1.2M	0.52	42.29	36,042	18,641	99,669	99,146
2020-03-19	$42.55	$55.00	111.1%	31.7%	105.8%	91.8%	115.3%	17.3%	0.7%	-77.4K	76.9M	-1.4M	1.64	53.77	11,986	19,657	120,505	112,356
2020-03-20	$48.03	$52.50	75.1%	22.1%	116.6%	38.6%	73.6%	13.2%	-7.6%	2.5M	-7.5M	-1.4M	0.52	58.60	20,480	10,553	125,244	120,791
2020-03-23	$51.65	$52.50	77.3%	22.5%	119.8%	41.7%	80.2%	13.4%	-1.1%	2.6M	-85.9M	-1.5M	1.04	39.88	7,709	8,010	97,256	98,628
2020-03-24	$56.47	$52.50	70.2%	20.2%	124.5%	31.3%	71.0%	6.4%	2.8%	2.6M	-189.4M	-1.6M	0.40	24.93	19,240	7,644	101,121	103,396
2020-03-25	$56.68	$52.50	70.7%	20.9%	124.4%	32.1%	74.3%	11.5%	1.4%	3.4M	-202.5M	-1.6M	0.73	22.81	11,340	8,273	106,645	104,994
2020-03-26	$57.98	$52.50	67.5%	20.0%	124.6%	27.3%	69.4%	9.4%	-0.5%	3.7M	-231.8M	-1.6M	0.38	24.86	9,648	3,675	109,044	107,684
2020-03-27	$58.94	$52.50	68.3%	19.8%	124.7%	28.4%	70.2%	14.2%	0.3%	8.2M	-255.5M	-1.6M	0.75	26.91	4,772	3,594	110,222	109,944
2020-03-30	$57.94	$52.50	68.9%	20.2%	124.9%	29.4%	69.3%	15.0%	0.1%	771.2K	-88.6M	-1.6M	0.36	22.31	4,438	1,610	80,411	95,711
2020-03-31	$55.89	$52.50	65.3%	18.4%	125.0%	24.0%	61.8%	8.6%	0.0%	19.0K	-52.2M	-1.5M	0.19	22.78	11,149	2,081	82,362	96,437