CRWD Options History — May 2023

In May 2023, CRWD traded between $116.31 and $160.06. ATM implied volatility averaged 54.4%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded above realized volatility by 7.7% (HV 20d: 46.7%). Max pain ranged from $125.00 to $130.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.77.

Notable Days

2023-05-31: Highest Volume — 97,657 contracts
2023-05-03: Largest IV spike — 12.4% change
2023-05-31: Highest IV Rank — 55.0%
2023-05-30: Largest Expected Move — 21.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$136.79	$116.31	$160.06	$119.00	$160.06
Max Pain	$126.05	$125.00	$130.00	$130.00	$130.00
ATM IV	54.4%	48.7%	62.2%	48.7%	61.5%
Expected Move	15.8%	12.5%	21.4%	12.5%	21.4%
HV 20d	46.7%	38.2%	51.8%	43.9%	38.3%
HV 60d	43.0%	40.9%	44.4%	42.5%	43.5%
IV Rank	27.8%	15.7%	55.0%	15.7%	55.0%
IV Percentile	34.7%	12.7%	67.1%	12.7%	64.7%
Term Structure	-1.6%	-3.5%	5.2%	2.3%	-3.5%
VWIV	55.6%	43.2%	76.0%	43.2%	75.8%
Skew 25d	5.4%	2.4%	7.8%	6.7%	2.4%
Skew 10d	10.7%	3.4%	14.4%	12.9%	3.4%
Call IV 25d	52.3%	46.8%	61.0%	47.1%	60.8%
Put IV 25d	57.7%	53.4%	64.6%	53.8%	63.2%
Bid-Ask Spread %	3.33	1.99	10.95	3.00	3.78
Gamma HHI	0.07	0.03	0.35	0.05	0.05
Net GEX	11.3M	-8.8M	45.6M	-6.7M	15.8M
Net DEX	-423.8M	-1.10B	301.6M	225.2M	-1.10B
Net VEX	-5.6M	-6.3M	-5.0M	-5.0M	-6.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.77	0.37	1.23	0.91	0.80
Total Volume	36,684.5	12,851	97,657	26,586	97,657
Total OI	313,810.409	289,009	343,543	289,009	343,543

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
2023-05-01	$119.00	$130.00	48.7%	12.5%	43.9%	15.7%	43.2%	6.7%	2.3%	-6.7M	225.2M	-5.0M	0.91	3.00	13,914	12,672	141,634	147,375
2023-05-02	$116.31	$130.00	50.0%	12.8%	44.2%	18.0%	44.5%	7.8%	5.2%	-8.8M	301.6M	-5.0M	1.05	2.68	10,718	11,279	145,853	151,933
2023-05-03	$117.70	$128.00	56.2%	12.9%	44.6%	29.6%	44.8%	7.3%	-1.8%	-7.6M	245.1M	-5.1M	0.71	2.89	7,513	5,338	149,808	155,801
2023-05-04	$117.64	$125.00	57.1%	15.7%	38.2%	31.4%	53.6%	7.8%	-1.8%	-8.3M	243.5M	-5.2M	0.77	2.37	12,744	9,792	151,422	156,603
2023-05-05	$122.42	$125.00	53.6%	15.1%	41.3%	24.7%	50.7%	6.6%	-1.8%	6.5M	40.7M	-5.4M	0.74	4.78	19,385	14,252	156,623	160,871
2023-05-08	$132.03	$125.00	54.4%	15.3%	49.6%	26.3%	52.6%	6.0%	-0.4%	7.0M	-294.7M	-5.7M	0.72	2.04	30,560	22,152	145,546	152,278
2023-05-09	$129.37	$125.00	54.7%	15.3%	49.9%	26.8%	54.7%	6.2%	-1.2%	5.1M	-185.3M	-5.7M	0.96	2.05	11,905	11,451	153,633	159,024
2023-05-10	$133.80	$125.00	54.0%	15.1%	49.4%	25.6%	52.7%	5.3%	-1.1%	12.5M	-388.9M	-5.8M	0.53	2.41	23,294	12,257	155,788	161,698
2023-05-11	$132.37	$125.00	53.7%	15.2%	49.3%	25.0%	53.1%	5.2%	-0.8%	9.3M	-314.2M	-5.7M	0.76	1.99	8,385	6,371	160,046	164,237
2023-05-12	$130.39	$125.00	52.8%	14.9%	49.5%	23.3%	52.2%	5.0%	-1.3%	5.9M	-216.8M	-5.6M	0.92	2.31	12,030	11,048	161,728	165,163
2023-05-15	$135.51	$125.00	53.5%	15.2%	51.5%	25.2%	54.0%	5.6%	-2.7%	10.2M	-387.3M	-5.6M	0.79	10.95	12,911	10,168	151,243	156,004
2023-05-16	$134.12	$125.00	53.4%	15.2%	51.6%	25.1%	53.6%	5.7%	-2.4%	9.5M	-333.3M	-5.6M	0.98	2.57	7,492	7,379	154,237	159,869
2023-05-17	$137.22	$125.00	53.9%	15.5%	51.4%	26.0%	54.2%	5.2%	-3.2%	17.6M	-485.6M	-5.6M	0.82	4.77	15,276	12,554	156,771	159,600
2023-05-18	$141.57	$125.00	52.7%	15.3%	51.6%	23.7%	54.2%	5.0%	-3.3%	24.3M	-708.2M	-5.7M	0.60	2.51	18,234	10,876	159,567	160,805
2023-05-19	$144.81	$125.00	52.5%	15.3%	51.8%	23.3%	54.2%	4.1%	-2.8%	45.6M	-871.8M	-5.7M	0.62	2.28	46,276	28,584	163,251	162,306
2023-05-22	$147.62	$125.00	51.5%	15.4%	51.7%	21.4%	57.2%	4.5%	-1.5%	15.6M	-744.1M	-5.7M	1.23	2.41	16,801	20,582	146,333	148,704
2023-05-23	$144.83	$125.00	53.7%	16.4%	45.7%	25.7%	58.6%	5.1%	-1.8%	10.4M	-611.9M	-5.8M	0.94	2.51	13,429	12,650	150,474	157,510
2023-05-24	$148.93	$125.00	54.1%	16.6%	46.3%	26.4%	58.9%	5.3%	-2.5%	16.2M	-793.1M	-5.9M	0.61	2.66	20,282	12,329	154,650	162,504
2023-05-25	$150.19	$125.00	55.4%	17.4%	46.1%	28.9%	61.3%	4.5%	-2.6%	19.4M	-861.4M	-5.9M	0.57	2.83	24,447	14,053	157,236	164,309
2023-05-26	$154.45	$125.00	56.4%	17.9%	41.1%	32.9%	63.7%	4.1%	-2.6%	33.9M	-1.06B	-6.0M	0.37	7.05	48,760	18,062	161,122	168,171
2023-05-30	$159.01	$130.00	62.2%	21.4%	40.7%	50.7%	76.0%	3.6%	-3.1%	14.0M	-1.02B	-6.2M	0.64	2.54	43,308	27,889	154,680	153,876
2023-05-31	$160.06	$130.00	61.5%	21.4%	38.3%	55.0%	75.8%	2.4%	-3.5%	15.8M	-1.10B	-6.3M	0.80	3.78	54,357	43,300	173,020	170,523