CRWD Options History — March 2021

In March 2021, CRWD traded between $173.94 and $222.22. ATM implied volatility averaged 59.0%, placing in the 16.1% IV rank vs the trailing year. The 30-day expected move averaged 16.9%. IV traded below realized volatility by 9.0% (HV 20d: 68.0%). Max pain ranged from $195.00 to $210.00. Net GEX was positive for 7 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.75.

Notable Days

2021-03-17: Highest Volume — 92,279 contracts
2021-03-09: Largest IV drop — 11.9% change
2021-03-05: Highest IV Rank — 36.1%
2021-03-03: Largest Expected Move — 21.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$193.60	$173.94	$222.22	$222.14	$183.56
Max Pain	$200.00	$195.00	$210.00	$195.00	$195.00
ATM IV	59.0%	46.0%	73.6%	62.5%	48.0%
Expected Move	16.9%	13.5%	21.7%	19.3%	13.5%
HV 20d	68.0%	40.3%	80.7%	40.3%	77.0%
HV 60d	58.6%	54.8%	60.0%	59.6%	58.2%
IV Rank	16.1%	0.0%	36.1%	19.6%	3.2%
IV Percentile	39.9%	0.0%	90.9%	55.2%	0.4%
Term Structure	-1.4%	-5.5%	1.8%	-3.2%	1.8%
VWIV	59.4%	47.2%	74.8%	67.6%	47.8%
Skew 25d	2.8%	-0.7%	6.8%	2.2%	1.2%
Skew 10d	1.6%	-10.2%	13.3%	2.6%	3.8%
Call IV 25d	57.7%	42.0%	71.4%	60.7%	48.4%
Put IV 25d	60.5%	46.7%	74.6%	62.9%	49.6%
Bid-Ask Spread %	45.58	17.55	54.89	52.95	17.55
Gamma HHI	0.07	0.05	0.19	0.05	0.05
Net GEX	-5.9M	-24.2M	12.6M	3.2M	-6.3M
Net DEX	-278.2M	-1.10B	381.6M	-1.05B	-66.1M
Net VEX	-8.1M	-8.9M	-7.2M	-7.2M	-8.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.45	2.00	0.60	0.51
Total Volume	36,186.217	16,072	92,279	16,072	24,740
Total OI	357,586.174	317,864	414,499	317,864	369,428

Daily Data (23 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
2021-03-01	$222.14	$195.00	62.5%	19.3%	40.3%	19.6%	67.6%	2.2%	-3.2%	3.2M	-1.05B	-7.2M	0.60	52.95	10,021	6,051	122,290	195,574
2021-03-02	$222.22	$195.00	64.7%	20.2%	40.3%	22.9%	70.0%	0.4%	-4.1%	5.6M	-1.10B	-7.3M	0.45	54.71	12,136	5,507	126,854	197,152
2021-03-03	$209.51	$195.00	65.8%	21.7%	44.9%	24.5%	74.8%	5.2%	-3.4%	-4.2M	-633.6M	-7.3M	0.76	52.67	14,359	10,946	127,224	198,522
2021-03-04	$193.14	$210.00	68.2%	18.3%	52.9%	28.2%	63.5%	0.7%	-2.5%	-12.5M	-110.5M	-7.3M	0.58	49.60	33,045	19,153	128,698	201,706
2021-03-05	$182.44	$210.00	73.6%	19.1%	54.6%	36.1%	66.3%	3.1%	-5.5%	-6.7M	152.6M	-7.4M	0.85	41.91	44,366	37,795	142,713	207,478
2021-03-08	$180.18	$200.00	71.5%	19.0%	54.5%	33.1%	66.2%	2.8%	-4.1%	-6.2M	77.7M	-7.9M	0.85	41.94	16,087	13,611	144,463	215,332
2021-03-09	$199.32	$200.00	63.1%	17.9%	67.4%	20.5%	62.0%	4.3%	0.8%	3.2M	-576.4M	-8.4M	0.45	48.85	18,030	8,137	148,262	221,164
2021-03-10	$193.17	$200.00	68.2%	18.4%	67.7%	28.1%	64.1%	4.6%	-3.5%	85.8K	-346.1M	-8.4M	0.88	46.98	10,639	9,338	152,068	222,152
2021-03-11	$204.93	$200.00	62.3%	18.0%	70.9%	19.3%	62.5%	6.7%	0.8%	11.5M	-811.1M	-8.6M	0.60	43.78	14,575	8,737	153,529	225,425
2021-03-12	$198.36	$200.00	64.7%	18.4%	70.6%	22.9%	64.1%	4.1%	-0.6%	5.3M	-500.9M	-8.6M	0.57	49.41	15,276	8,633	154,846	226,699
2021-03-15	$198.59	$200.00	65.6%	18.6%	69.7%	24.2%	65.2%	0.4%	-2.6%	-2.9M	-519.3M	-8.4M	0.94	53.13	10,376	9,722	141,473	220,680
2021-03-16	$197.42	$200.00	61.1%	17.4%	69.6%	17.5%	61.3%	-0.3%	-2.2%	-3.8M	-468.4M	-8.3M	0.81	45.06	39,198	31,945	145,036	223,526
2021-03-17	$210.08	$200.00	54.0%	15.5%	74.1%	7.0%	54.4%	-0.7%	-0.6%	12.6M	-1.02B	-8.4M	0.66	52.48	55,697	36,582	160,316	238,029
2021-03-18	$190.99	$200.00	57.8%	16.7%	80.2%	12.6%	58.9%	1.2%	-2.2%	-14.8M	-139.3M	-8.2M	0.51	51.98	41,195	20,859	163,619	237,677
2021-03-19	$193.77	$200.00	52.6%	15.0%	80.7%	5.4%	53.4%	0.9%	1.3%	-24.2M	-253.4M	-8.4M	0.72	54.89	23,330	16,709	174,307	240,192
2021-03-22	$196.74	$200.00	48.6%	13.7%	78.5%	0.0%	49.1%	5.5%	-0.8%	-3.7M	-344.8M	-8.1M	0.54	39.11	16,371	8,905	122,526	197,352
2021-03-23	$191.01	$200.00	46.0%	13.5%	78.7%	0.0%	47.2%	4.7%	0.1%	-10.0M	-134.8M	-8.1M	0.62	43.56	12,256	7,642	126,899	201,128
2021-03-24	$181.19	$200.00	48.4%	14.4%	80.4%	3.8%	50.9%	1.7%	0.2%	-16.6M	177.9M	-7.9M	0.68	34.87	23,472	15,983	128,673	203,672
2021-03-25	$179.15	$200.00	50.4%	14.8%	79.5%	7.0%	52.0%	2.6%	0.8%	-17.6M	243.9M	-8.1M	1.28	38.48	13,155	16,808	136,464	210,843
2021-03-26	$175.22	$200.00	55.0%	15.6%	78.0%	14.2%	56.3%	4.9%	-3.0%	-17.2M	381.6M	-8.3M	2.00	45.89	12,684	25,326	140,245	216,840
2021-03-29	$173.94	$200.00	53.0%	15.5%	76.4%	11.0%	56.1%	6.8%	-0.3%	-16.1M	354.6M	-8.5M	0.74	41.24	11,452	8,463	127,563	225,337
2021-03-30	$175.62	$200.00	52.0%	14.7%	76.6%	9.4%	53.1%	1.4%	-0.3%	-14.9M	295.1M	-8.6M	0.70	47.40	19,411	13,560	131,200	229,306
2021-03-31	$183.56	$195.00	48.0%	13.5%	77.0%	3.2%	47.8%	1.2%	1.8%	-6.3M	-66.1M	-8.9M	0.51	17.55	16,331	8,409	138,974	230,454