CRWD Options History — March 2022

In March 2022, CRWD traded between $156.81 and $228.40. ATM implied volatility averaged 63.6%, placing in the 58.8% IV rank vs the trailing year. The 30-day expected move averaged 19.8%. IV traded below realized volatility by 23.1% (HV 20d: 86.7%). Max pain ranged from $185.00 to $200.00. Net GEX was positive for 19 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 0.65.

Notable Days

2022-03-10: Highest Volume — 206,669 contracts
2022-03-10: Largest IV drop — 19.5% change
2022-03-01: Highest IV Rank — 100.0%
2022-03-08: Largest Expected Move — 32.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$199.83	$156.81	$228.40	$196.98	$228.40
Max Pain	$190.22	$185.00	$200.00	$190.00	$200.00
ATM IV	63.6%	48.0%	85.6%	75.6%	49.3%
Expected Move	19.8%	13.9%	32.5%	24.9%	14.3%
HV 20d	86.7%	68.7%	99.8%	68.7%	78.5%
HV 60d	67.0%	57.5%	71.1%	59.7%	69.9%
IV Rank	58.8%	24.6%	100.0%	100.0%	27.2%
IV Percentile	82.5%	47.6%	100.0%	100.0%	53.6%
Term Structure	-1.3%	-4.4%	1.1%	-1.8%	1.1%
VWIV	69.8%	49.3%	113.4%	88.0%	51.4%
Skew 25d	5.6%	3.1%	8.5%	3.1%	4.1%
Skew 10d	11.3%	6.9%	15.8%	10.2%	6.9%
Call IV 25d	61.7%	46.8%	83.0%	75.4%	48.2%
Put IV 25d	67.3%	50.9%	87.5%	78.5%	52.3%
Bid-Ask Spread %	15.77	5.84	22.78	17.70	18.47
Gamma HHI	0.06	0.04	0.13	0.07	0.07
Net GEX	14.0M	-5.4M	31.4M	15.4M	31.4M
Net DEX	-317.6M	-1.12B	840.2M	-370.6M	-1.12B
Net VEX	-11.0M	-11.9M	-8.7M	-11.6M	-11.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.65	0.32	1.63	0.32	0.60
Total Volume	56,708.087	22,543	206,669	73,875	40,012
Total OI	336,077.043	298,903	398,380	324,264	337,087

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
2022-03-01	$196.98	$190.00	75.6%	24.9%	68.7%	100.0%	88.0%	3.1%	-1.8%	15.4M	-370.6M	-11.6M	0.32	17.70	55,838	18,037	164,253	160,011
2022-03-02	$202.90	$190.00	71.3%	23.8%	69.3%	89.3%	84.9%	7.2%	-3.3%	19.4M	-529.1M	-11.8M	0.40	12.20	30,237	12,199	168,573	164,341
2022-03-03	$189.19	$192.50	77.0%	25.7%	73.4%	100.0%	89.5%	7.0%	-3.3%	8.3M	9.9M	-11.1M	0.56	18.79	26,239	14,665	168,368	166,533
2022-03-04	$178.91	$192.50	80.9%	27.6%	75.0%	100.0%	97.3%	8.5%	-4.4%	-1.5M	394.5M	-10.6M	0.67	14.60	21,596	14,513	169,087	168,368
2022-03-07	$168.26	$190.00	84.8%	31.0%	76.8%	100.0%	107.2%	6.7%	-4.0%	-3.2M	599.3M	-9.7M	0.54	17.52	25,300	13,612	152,815	159,508
2022-03-08	$156.81	$190.00	85.6%	32.5%	80.4%	100.0%	113.4%	4.4%	-4.1%	-5.4M	840.2M	-8.7M	0.56	15.39	34,501	19,221	157,221	162,438
2022-03-09	$169.75	$185.00	80.8%	32.4%	85.9%	90.4%	112.4%	7.3%	-3.6%	-966.5K	555.8M	-9.7M	0.77	22.78	55,439	42,508	165,709	169,300
2022-03-10	$191.60	$185.00	65.0%	20.6%	95.7%	58.7%	72.4%	6.0%	-0.5%	25.4M	-275.8M	-10.9M	0.60	12.84	129,481	77,188	187,706	193,872
2022-03-11	$191.68	$190.00	64.7%	20.1%	95.7%	58.1%	71.0%	5.8%	-0.5%	10.9M	-179.1M	-11.1M	0.62	5.84	60,168	37,385	193,477	204,903
2022-03-14	$182.35	$185.00	69.3%	18.6%	96.7%	67.4%	65.8%	6.8%	-0.9%	629.3K	319.3M	-10.5M	1.63	9.24	20,865	34,030	163,751	172,150
2022-03-15	$187.63	$185.00	64.3%	17.6%	97.3%	57.4%	62.2%	7.7%	-0.0%	4.7M	150.9M	-10.9M	0.77	9.35	18,337	14,195	167,840	180,515
2022-03-16	$187.19	$185.00	60.8%	16.6%	96.2%	50.2%	60.6%	7.5%	-0.3%	4.8M	203.0M	-10.6M	0.92	13.36	23,999	22,176	170,913	181,562
2022-03-17	$203.18	$190.00	57.9%	15.9%	99.8%	44.5%	55.7%	6.2%	-2.0%	22.6M	-556.0M	-11.3M	0.56	13.75	49,148	27,588	173,418	184,658
2022-03-18	$207.72	$190.00	53.4%	14.8%	95.2%	35.5%	53.4%	5.3%	-0.5%	25.8M	-802.5M	-11.4M	0.61	14.59	32,834	20,179	181,537	188,940
2022-03-21	$203.99	$190.00	56.3%	15.5%	94.8%	41.2%	54.4%	5.6%	-0.7%	7.2M	-267.9M	-11.1M	0.67	18.10	21,926	14,589	138,747	160,156
2022-03-22	$216.38	$190.00	54.7%	14.9%	96.3%	38.1%	53.3%	4.6%	-0.8%	18.1M	-753.7M	-11.5M	0.52	15.79	41,467	21,609	144,402	163,659
2022-03-23	$220.35	$190.00	56.6%	15.6%	94.7%	41.9%	54.4%	4.4%	-0.9%	21.5M	-918.6M	-11.8M	0.42	22.10	33,032	13,753	151,821	170,387
2022-03-24	$222.70	$190.00	54.0%	15.3%	86.1%	36.6%	54.2%	4.5%	-0.2%	26.7M	-1.02B	-11.9M	0.57	18.22	19,205	10,893	156,675	172,811
2022-03-25	$220.15	$190.00	52.4%	15.1%	86.3%	33.5%	52.9%	4.4%	0.2%	27.4M	-932.2M	-11.7M	0.63	19.09	19,381	12,191	159,216	174,523
2022-03-28	$221.31	$190.00	51.4%	14.8%	83.7%	31.5%	52.2%	4.4%	0.7%	17.0M	-797.4M	-11.5M	0.87	16.26	12,040	10,503	146,478	166,236
2022-03-29	$224.24	$195.00	48.0%	13.9%	83.7%	24.6%	49.3%	4.1%	0.6%	20.9M	-910.7M	-11.4M	0.72	19.33	19,640	14,084	149,331	169,010
2022-03-30	$224.34	$200.00	48.5%	14.2%	83.3%	25.7%	49.9%	3.7%	0.5%	24.4M	-940.6M	-11.6M	0.49	17.38	32,632	15,851	154,086	173,380
2022-03-31	$228.40	$200.00	49.3%	14.3%	78.5%	27.2%	51.4%	4.1%	1.1%	31.4M	-1.12B	-11.6M	0.60	18.47	24,993	15,019	159,520	177,567