CRWD Options History — July 2020

In July 2020, CRWD traded between $99.74 and $117.78. ATM implied volatility averaged 60.1%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 16.8%. IV traded above realized volatility by 8.2% (HV 20d: 51.9%). Max pain ranged from $87.50 to $100.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.48.

Notable Days

2020-07-09: Highest Volume — 49,773 contracts
2020-07-28: Largest IV drop — 9.6% change
2020-07-14: Highest IV Rank — 27.0%
2020-07-14: Largest Expected Move — 19.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$106.99	$99.74	$117.78	$103.27	$112.72
Max Pain	$98.86	$87.50	$100.00	$90.00	$100.00
ATM IV	60.1%	53.7%	67.3%	61.6%	60.2%
Expected Move	16.8%	15.5%	19.0%	16.8%	15.5%
HV 20d	51.9%	44.0%	56.9%	47.3%	55.3%
HV 60d	52.7%	49.8%	54.8%	50.3%	52.9%
IV Rank	16.3%	6.9%	27.0%	18.5%	16.5%
IV Percentile	31.3%	10.3%	59.3%	37.4%	32.1%
Term Structure	1.0%	-4.6%	7.1%	0.9%	-4.6%
VWIV	58.7%	54.1%	65.7%	59.9%	54.1%
Skew 25d	4.2%	0.1%	14.8%	5.5%	14.8%
Skew 10d	6.3%	-8.7%	18.4%	8.5%	18.4%
Call IV 25d	57.6%	44.8%	66.7%	58.0%	53.9%
Put IV 25d	61.8%	50.0%	69.2%	63.5%	68.8%
Bid-Ask Spread %	20.67	6.21	36.67	22.10	6.21
Gamma HHI	0.07	0.04	0.14	0.07	0.08
Net GEX	8.9M	-2.0M	16.1M	11.5M	14.0M
Net DEX	-635.7M	-1.03B	-343.6M	-636.3M	-765.9M
Net VEX	-2.8M	-3.1M	-2.6M	-2.6M	-3.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.48	0.23	0.95	0.81	0.26
Total Volume	28,572.682	13,766	49,773	21,748	15,583
Total OI	251,112.091	227,803	285,239	238,151	258,995

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
2020-07-01	$103.27	$90.00	61.6%	16.8%	47.3%	18.5%	59.9%	5.5%	0.9%	11.5M	-636.3M	-2.6M	0.81	22.10	12,014	9,734	121,754	116,397
2020-07-02	$106.65	$87.50	60.3%	16.7%	45.5%	16.7%	58.4%	4.5%	1.4%	13.4M	-743.4M	-2.6M	0.26	29.58	38,511	9,858	121,844	117,186
2020-07-06	$106.04	$97.50	58.2%	16.5%	44.6%	13.5%	57.4%	4.0%	0.6%	9.9M	-670.3M	-2.6M	0.84	24.88	19,150	16,036	115,421	112,382
2020-07-07	$106.55	$100.00	59.3%	16.7%	44.0%	15.2%	57.8%	0.7%	0.3%	10.5M	-694.1M	-2.6M	0.61	29.67	8,657	5,289	120,076	115,045
2020-07-08	$114.10	$100.00	59.2%	16.5%	48.5%	14.9%	57.9%	5.2%	0.4%	13.1M	-911.5M	-2.6M	0.30	26.09	32,807	9,691	121,668	117,341
2020-07-09	$117.78	$100.00	62.0%	17.3%	48.4%	19.2%	60.5%	1.7%	0.8%	16.1M	-1.03B	-2.6M	0.25	23.43	39,852	9,921	128,232	121,224
2020-07-10	$116.44	$100.00	63.7%	17.8%	47.8%	21.6%	61.5%	0.1%	-0.4%	13.1M	-986.1M	-2.7M	0.51	30.82	14,325	7,244	132,880	125,547
2020-07-13	$107.56	$100.00	65.6%	17.8%	56.5%	24.5%	63.0%	2.4%	-3.6%	7.9M	-648.7M	-2.7M	0.63	36.67	20,701	13,014	124,885	121,745
2020-07-14	$104.96	$100.00	67.3%	19.0%	53.4%	27.0%	65.7%	2.5%	-1.3%	6.0M	-558.5M	-2.8M	0.58	28.88	18,756	10,839	130,706	128,651
2020-07-15	$103.01	$100.00	63.8%	18.1%	53.4%	21.9%	63.1%	2.6%	-0.5%	5.2M	-505.3M	-2.9M	0.91	27.88	15,988	14,526	136,209	133,441
2020-07-16	$101.60	$100.00	62.7%	17.9%	52.6%	20.2%	61.3%	3.9%	-0.6%	5.1M	-468.8M	-2.9M	0.33	26.61	20,900	6,870	140,201	135,882
2020-07-17	$101.50	$100.00	60.4%	17.0%	52.0%	16.8%	58.8%	5.2%	-2.7%	7.8M	-472.0M	-2.9M	0.38	22.90	19,596	7,518	146,392	138,847
2020-07-20	$106.34	$100.00	59.8%	16.9%	54.5%	15.8%	59.3%	4.1%	-0.2%	6.5M	-534.1M	-2.9M	0.31	20.88	25,338	7,756	116,890	112,550
2020-07-21	$106.33	$100.00	59.2%	17.0%	53.7%	15.0%	59.7%	3.6%	1.0%	8.4M	-556.2M	-3.0M	0.23	10.94	21,687	4,940	125,712	115,814
2020-07-22	$103.42	$100.00	57.1%	16.4%	54.6%	11.8%	57.5%	4.1%	0.8%	5.7M	-469.2M	-3.0M	0.46	17.08	14,430	6,624	129,088	118,560
2020-07-23	$101.38	$100.00	56.7%	16.0%	55.1%	11.2%	55.5%	3.8%	7.1%	3.3M	-400.6M	-3.0M	0.38	10.10	17,339	6,575	132,345	122,068
2020-07-24	$99.74	$100.00	58.6%	16.4%	55.0%	14.1%	57.3%	3.9%	4.8%	-2.0M	-343.6M	-3.0M	0.95	9.86	10,740	10,219	133,769	123,582
2020-07-27	$103.75	$100.00	59.9%	16.3%	52.6%	16.0%	57.0%	8.2%	0.8%	4.5M	-487.0M	-3.0M	0.35	10.44	18,637	6,539	124,921	119,125
2020-07-28	$105.81	$100.00	54.1%	15.8%	52.7%	7.5%	55.3%	5.3%	6.6%	8.1M	-569.4M	-3.1M	0.39	13.98	19,826	7,815	132,640	121,903
2020-07-29	$112.91	$100.00	53.7%	15.5%	56.9%	6.9%	54.2%	2.3%	5.2%	13.6M	-790.0M	-3.0M	0.27	19.24	30,806	8,182	132,603	122,773
2020-07-30	$111.84	$100.00	58.5%	15.9%	56.3%	13.9%	56.1%	5.1%	5.6%	14.3M	-741.2M	-3.0M	0.47	6.45	9,358	4,408	133,604	123,568
2020-07-31	$112.72	$100.00	60.2%	15.5%	55.3%	16.5%	54.1%	14.8%	-4.6%	14.0M	-765.9M	-3.0M	0.26	6.21	12,375	3,208	133,775	125,220