CRWD Options History — March 2023

In March 2023, CRWD traded between $119.45 and $136.80. ATM implied volatility averaged 51.5%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 15.0%. IV traded above realized volatility by 10.5% (HV 20d: 41.0%). Max pain ranged from $115.00 to $130.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.82.

Notable Days

2023-03-08: Highest Volume — 238,160 contracts
2023-03-08: Largest IV drop — 30.3% change
2023-03-01: Highest IV Rank — 45.6%
2023-03-02: Largest Expected Move — 23.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$129.09	$119.45	$136.80	$120.64	$136.80
Max Pain	$123.61	$115.00	$130.00	$115.00	$130.00
ATM IV	51.5%	42.8%	68.4%	68.4%	42.8%
Expected Move	15.0%	12.1%	23.8%	23.3%	12.1%
HV 20d	41.0%	38.1%	45.7%	45.7%	41.2%
HV 60d	46.2%	45.2%	48.2%	46.1%	45.8%
IV Rank	11.6%	0.0%	45.6%	45.6%	0.0%
IV Percentile	18.2%	0.0%	79.0%	79.0%	0.0%
Term Structure	-1.0%	-4.0%	0.8%	-3.1%	0.7%
VWIV	53.0%	42.4%	84.2%	81.8%	42.4%
Skew 25d	5.4%	3.0%	6.6%	4.9%	4.8%
Skew 10d	10.7%	5.9%	12.8%	10.6%	9.3%
Call IV 25d	49.2%	40.5%	66.4%	66.3%	40.5%
Put IV 25d	54.6%	45.3%	71.7%	71.2%	45.3%
Bid-Ask Spread %	3.22	2.18	8.88	2.58	2.81
Gamma HHI	0.06	0.03	0.17	0.04	0.05
Net GEX	10.8M	-16.0M	26.6M	12.1M	15.4M
Net DEX	-321.7M	-674.8M	163.3M	-232.0M	-455.3M
Net VEX	-5.5M	-5.6M	-5.1M	-5.1M	-5.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.49	1.15	0.91	0.60
Total Volume	49,567.261	15,396	238,160	28,817	46,038
Total OI	332,021.739	267,789	449,509	317,717	300,251

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
2023-03-01	$120.64	$115.00	68.4%	23.3%	45.7%	45.6%	81.8%	4.9%	-3.1%	12.1M	-232.0M	-5.1M	0.91	2.58	15,093	13,724	168,485	149,232
2023-03-02	$123.70	$117.00	68.1%	23.8%	42.2%	45.0%	84.2%	5.3%	-3.3%	17.9M	-369.5M	-5.3M	0.52	2.83	20,733	10,789	173,590	155,451
2023-03-03	$126.31	$119.00	63.9%	22.8%	41.8%	36.0%	79.7%	4.7%	-3.1%	17.3M	-502.8M	-5.3M	0.55	8.88	38,022	21,019	175,937	159,041
2023-03-06	$128.06	$120.00	65.0%	16.8%	41.7%	38.2%	59.5%	4.6%	-3.4%	10.2M	-395.1M	-5.4M	0.76	3.14	44,371	33,929	164,474	150,239
2023-03-07	$125.29	$120.00	67.3%	17.4%	39.4%	43.3%	62.0%	3.7%	-4.0%	9.2M	-311.6M	-5.5M	0.91	3.20	66,105	59,972	186,270	167,131
2023-03-08	$129.44	$120.00	47.0%	13.2%	38.1%	0.0%	46.9%	3.0%	-0.5%	21.8M	-500.9M	-5.5M	0.58	3.34	150,881	87,279	218,316	205,694
2023-03-09	$122.18	$120.00	49.8%	14.1%	44.3%	6.0%	48.5%	3.5%	-0.6%	-1.0M	-36.5M	-5.3M	0.49	4.12	67,707	33,114	231,237	210,744
2023-03-10	$119.45	$125.00	50.9%	14.3%	45.1%	8.3%	50.5%	5.3%	-1.0%	-16.0M	163.3M	-5.2M	1.09	3.70	35,559	38,613	234,264	215,245
2023-03-13	$122.01	$125.00	52.9%	14.9%	42.0%	12.6%	51.3%	6.5%	-0.6%	3.2M	-58.4M	-5.4M	0.97	3.14	17,563	17,056	181,092	172,867
2023-03-14	$127.53	$125.00	49.6%	13.9%	43.6%	5.7%	49.1%	5.7%	-1.2%	13.1M	-332.8M	-5.5M	0.67	2.18	20,674	13,788	184,489	177,341
2023-03-15	$129.14	$125.00	51.0%	14.3%	42.2%	8.5%	49.3%	6.5%	-1.3%	17.6M	-425.9M	-5.6M	0.89	3.76	15,837	14,146	187,861	177,604
2023-03-16	$133.39	$125.00	47.9%	13.5%	42.3%	1.9%	47.4%	5.7%	-1.1%	26.6M	-674.8M	-5.6M	0.64	2.92	19,745	12,624	190,273	178,169
2023-03-17	$133.30	$125.00	48.7%	13.7%	39.2%	3.7%	49.1%	6.2%	-1.4%	20.2M	-665.0M	-5.6M	0.58	2.83	19,741	11,395	191,841	180,310
2023-03-20	$132.69	$125.00	47.6%	13.6%	38.7%	1.4%	48.4%	6.6%	-0.4%	11.4M	-339.3M	-5.5M	1.15	2.80	8,403	9,623	137,295	130,494
2023-03-21	$136.57	$125.00	45.7%	13.1%	39.0%	0.0%	47.1%	5.7%	0.0%	15.3M	-479.9M	-5.6M	0.89	2.34	12,056	10,781	141,161	134,666
2023-03-22	$134.56	$125.00	46.2%	13.2%	38.8%	1.0%	47.2%	6.2%	-0.4%	14.2M	-409.5M	-5.6M	0.92	3.60	8,015	7,381	143,627	137,373
2023-03-23	$134.59	$125.00	47.9%	13.7%	38.9%	4.6%	48.6%	6.0%	-0.1%	14.2M	-401.0M	-5.6M	0.88	3.49	13,841	12,222	145,141	139,888
2023-03-24	$131.94	$125.00	47.3%	13.6%	39.8%	3.2%	47.8%	6.3%	-0.2%	7.7M	-277.4M	-5.5M	0.88	2.32	15,806	13,961	149,060	143,282
2023-03-27	$131.87	$125.00	45.1%	12.9%	38.8%	0.0%	45.3%	6.2%	0.7%	6.3M	-234.0M	-5.5M	0.94	2.64	9,683	9,100	140,862	137,283
2023-03-28	$128.47	$126.00	45.5%	13.0%	40.2%	0.8%	45.1%	6.1%	0.5%	2.2M	-107.1M	-5.4M	0.96	2.37	10,311	9,897	143,580	141,161
2023-03-29	$129.36	$128.00	43.4%	12.3%	40.2%	0.0%	43.2%	5.8%	0.8%	3.2M	-128.1M	-5.4M	1.14	2.30	9,159	10,420	145,688	144,676
2023-03-30	$131.76	$128.00	43.2%	12.2%	39.8%	0.0%	43.3%	5.6%	0.7%	7.1M	-224.9M	-5.5M	0.86	2.74	12,856	11,015	147,242	146,573
2023-03-31	$136.80	$130.00	42.8%	12.1%	41.2%	0.0%	42.4%	4.8%	0.7%	15.4M	-455.3M	-5.6M	0.60	2.81	28,714	17,324	149,907	150,344