CRWD Options History — January 2021

In January 2021, CRWD traded between $200.21 and $234.32. ATM implied volatility averaged 56.7%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded below realized volatility by 2.0% (HV 20d: 58.7%). Max pain ranged from $210.00 to $217.50. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.64.

Notable Days

2021-01-14: Highest Volume — 37,490 contracts
2021-01-25: Largest IV spike — 9.7% change
2021-01-29: Highest IV Rank — 19.5%
2021-01-27: Largest Expected Move — 18.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$218.51	$200.21	$234.32	$200.21	$216.07
Max Pain	$211.18	$210.00	$217.50	$210.00	$212.50
ATM IV	56.7%	52.7%	62.4%	57.3%	62.4%
Expected Move	16.1%	15.0%	18.4%	16.3%	17.7%
HV 20d	58.7%	47.2%	71.3%	68.4%	53.4%
HV 60d	65.0%	64.1%	65.8%	64.2%	65.7%
IV Rank	11.2%	5.3%	19.5%	12.1%	19.5%
IV Percentile	26.2%	9.5%	56.0%	27.8%	56.0%
Term Structure	0.1%	-2.3%	2.5%	0.7%	-2.3%
VWIV	56.5%	52.6%	64.6%	56.9%	61.8%
Skew 25d	-0.7%	-3.5%	1.5%	1.5%	-3.4%
Skew 10d	-2.0%	-8.2%	2.8%	-0.1%	-2.3%
Call IV 25d	57.3%	53.3%	63.7%	57.4%	63.7%
Put IV 25d	56.6%	52.0%	63.5%	58.9%	60.4%
Bid-Ask Spread %	29.98	21.82	39.88	31.57	39.12
Gamma HHI	0.07	0.05	0.16	0.05	0.06
Net GEX	9.7M	-8.8M	24.9M	8.6M	4.1M
Net DEX	-1.49B	-2.28B	-555.8M	-1.45B	-1.07B
Net VEX	-5.2M	-6.4M	-4.5M	-4.5M	-6.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.64	0.31	1.03	0.78	0.61
Total Volume	28,433.158	17,418	37,490	28,029	27,617
Total OI	295,214.316	248,241	344,394	296,293	298,994

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
2021-01-04	$200.21	$210.00	57.3%	16.3%	68.4%	12.1%	56.9%	1.5%	0.7%	8.6M	-1.45B	-4.5M	0.78	31.57	15,745	12,284	131,658	164,635
2021-01-05	$210.96	$210.00	57.1%	16.2%	69.5%	11.9%	56.7%	0.8%	0.2%	14.1M	-1.78B	-4.5M	0.58	31.70	16,224	9,417	135,071	169,743
2021-01-06	$208.63	$210.00	54.0%	15.8%	69.9%	7.3%	55.3%	0.6%	0.1%	13.9M	-1.70B	-4.6M	0.82	33.57	15,031	12,302	137,549	174,019
2021-01-07	$221.25	$210.00	55.0%	15.5%	71.3%	8.8%	54.5%	0.2%	-0.5%	23.7M	-2.05B	-4.5M	0.42	32.01	22,591	9,500	136,700	177,700
2021-01-08	$223.72	$210.00	54.7%	15.7%	64.7%	8.4%	54.9%	0.8%	1.0%	24.9M	-2.10B	-4.5M	0.44	27.89	25,619	11,317	138,484	181,276
2021-01-11	$231.21	$210.00	57.9%	16.3%	60.4%	13.1%	57.4%	-0.0%	-0.4%	20.1M	-2.17B	-4.5M	0.35	27.87	26,350	9,149	130,629	175,678
2021-01-12	$234.32	$210.00	59.1%	16.8%	59.2%	14.9%	58.6%	0.2%	-0.2%	23.6M	-2.28B	-4.7M	0.31	27.85	20,784	6,384	137,042	178,684
2021-01-13	$227.58	$210.00	57.7%	16.1%	60.3%	12.8%	56.4%	-2.1%	-1.4%	20.7M	-2.06B	-4.9M	0.60	28.94	18,499	11,079	139,052	182,114
2021-01-14	$225.50	$210.00	56.9%	16.1%	60.8%	11.5%	56.9%	-0.2%	0.1%	18.9M	-1.92B	-5.1M	1.03	32.70	18,492	18,998	139,949	189,166
2021-01-15	$219.92	$210.00	55.2%	15.6%	62.0%	9.1%	54.6%	-0.6%	-0.8%	-5.0M	-1.63B	-5.4M	0.71	32.70	15,447	10,907	140,397	203,997
2021-01-19	$220.90	$210.00	53.9%	15.4%	61.6%	7.1%	54.0%	-1.0%	-0.1%	5.6M	-1.15B	-5.3M	0.81	25.11	11,824	9,558	98,675	149,566
2021-01-20	$226.97	$210.00	53.3%	15.3%	52.1%	6.2%	53.4%	-1.4%	1.4%	11.3M	-1.32B	-5.3M	0.51	24.66	11,547	5,871	102,806	156,471
2021-01-21	$221.78	$210.00	52.9%	15.1%	52.3%	5.7%	52.9%	-1.5%	2.5%	7.2M	-1.18B	-5.4M	0.77	24.84	11,380	8,809	105,076	158,296
2021-01-22	$223.60	$210.00	52.7%	15.0%	47.2%	5.3%	52.6%	-1.3%	1.5%	8.0M	-1.23B	-5.5M	0.57	24.39	13,786	7,927	107,926	163,259
2021-01-25	$217.57	$215.00	57.8%	16.2%	48.1%	12.7%	56.4%	-2.8%	0.4%	1.6M	-1.03B	-5.6M	1.02	24.79	16,595	16,879	98,978	158,311
2021-01-26	$206.66	$217.50	57.4%	16.2%	51.0%	12.0%	56.9%	-0.5%	0.3%	-7.6M	-711.0M	-5.9M	0.63	21.82	18,499	11,618	103,507	168,090
2021-01-27	$201.39	$215.00	62.3%	18.4%	50.3%	19.4%	64.6%	0.4%	-0.5%	-8.8M	-555.8M	-6.3M	0.84	38.21	17,860	15,009	109,554	174,458
2021-01-28	$213.38	$212.50	59.0%	16.5%	53.4%	14.5%	58.9%	-3.5%	-0.1%	194.3K	-974.7M	-6.2M	0.35	39.88	21,667	7,665	112,221	179,341
2021-01-29	$216.07	$212.50	62.4%	17.7%	53.4%	19.5%	61.8%	-3.4%	-2.3%	4.1M	-1.07B	-6.4M	0.61	39.12	17,192	10,425	118,094	180,900