CRWD Options History — January 2025

In January 2025, CRWD traded between $339.32 and $408.87. ATM implied volatility averaged 40.0%, placing in the 17.9% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded below realized volatility by 5.9% (HV 20d: 45.9%). Max pain ranged from $290.00 to $350.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.56.

Notable Days

2025-01-28: Highest Volume — 126,001 contracts
2025-01-27: Largest IV spike — 14.9% change
2025-01-30: Highest IV Rank — 29.2%
2025-01-28: Largest Expected Move — 12.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$368.86	$339.32	$408.87	$346.23	$399.77
Max Pain	$331.50	$290.00	$350.00	$290.00	$350.00
ATM IV	40.0%	36.3%	44.9%	38.7%	44.3%
Expected Move	11.3%	10.4%	12.4%	11.1%	11.7%
HV 20d	45.9%	35.5%	51.6%	50.7%	48.2%
HV 60d	43.4%	41.8%	47.0%	42.7%	46.2%
IV Rank	17.9%	9.4%	29.2%	15.3%	27.7%
IV Percentile	39.4%	17.5%	61.5%	35.7%	59.1%
Term Structure	2.0%	-1.5%	9.0%	0.1%	9.0%
VWIV	39.9%	36.5%	44.1%	38.8%	41.2%
Skew 25d	1.3%	-0.2%	3.0%	2.6%	-0.1%
Skew 10d	3.8%	-7.2%	17.5%	12.4%	0.3%
Call IV 25d	39.4%	36.1%	43.9%	37.2%	42.1%
Put IV 25d	40.7%	36.8%	45.2%	39.8%	41.9%
Bid-Ask Spread %	49.73	36.87	56.25	40.54	52.86
Gamma HHI	0.08	0.03	0.29	0.04	0.25
Net GEX	49.0M	696.5K	111.5M	5.7M	111.5M
Net DEX	-2.61B	-3.66B	-1.69B	-2.02B	-3.29B
Net VEX	-16.7M	-18.2M	-16.0M	-16.2M	-18.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.35	0.77	0.59	0.36
Total Volume	47,208.65	27,642	126,001	29,630	76,468
Total OI	396,032.75	314,405	443,358	431,194	382,269

Daily Data (20 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
2025-01-02	$346.23	$290.00	38.7%	11.1%	50.7%	15.3%	38.8%	2.6%	0.1%	5.7M	-2.02B	-16.2M	0.59	40.54	18,620	11,010	195,396	235,798
2025-01-03	$358.17	$290.00	37.4%	10.4%	50.7%	12.4%	36.9%	1.4%	1.4%	71.5M	-2.79B	-16.5M	0.59	36.87	27,274	15,958	200,745	237,147
2025-01-06	$365.27	$330.00	38.9%	11.3%	51.2%	15.8%	39.9%	1.4%	1.3%	54.9M	-3.09B	-16.2M	0.56	52.85	23,765	13,248	192,927	228,551
2025-01-07	$357.90	$330.00	39.7%	11.6%	51.6%	17.6%	41.2%	3.0%	0.3%	38.9M	-2.66B	-16.6M	0.77	54.48	15,646	11,996	196,474	233,198
2025-01-08	$358.64	$330.00	40.5%	11.6%	49.3%	19.0%	41.2%	1.3%	-0.7%	39.0M	-2.68B	-16.6M	0.35	56.25	21,248	7,333	199,118	237,024
2025-01-10	$348.20	$330.00	41.2%	11.7%	50.0%	20.7%	41.3%	2.3%	-0.2%	1.9M	-2.10B	-16.4M	0.65	51.84	24,414	15,846	202,774	237,312
2025-01-13	$339.32	$330.00	42.6%	11.9%	46.5%	23.9%	41.8%	2.1%	-0.8%	696.5K	-1.69B	-16.1M	0.63	52.51	22,465	14,240	194,727	232,143
2025-01-14	$347.42	$330.00	40.8%	11.5%	47.5%	19.8%	40.8%	1.8%	-0.5%	16.2M	-2.11B	-16.4M	0.51	54.40	20,285	10,287	198,168	236,651
2025-01-15	$363.96	$330.00	37.9%	10.6%	50.4%	13.2%	37.8%	0.7%	-1.0%	63.3M	-3.08B	-16.3M	0.62	50.98	24,261	14,980	201,660	237,750
2025-01-16	$364.54	$330.00	38.3%	10.7%	46.6%	13.9%	37.9%	1.2%	-1.5%	72.7M	-3.11B	-16.2M	0.52	53.78	19,595	10,161	203,758	236,210
2025-01-17	$359.29	$330.00	38.0%	10.7%	45.8%	13.2%	38.0%	2.0%	-0.6%	73.0M	-2.77B	-16.2M	0.60	55.78	42,068	25,375	205,361	237,997
2025-01-21	$366.95	$330.00	36.5%	10.4%	35.5%	9.9%	37.0%	0.1%	0.0%	36.0M	-1.99B	-16.0M	0.56	43.75	26,762	14,943	143,025	171,380
2025-01-22	$378.89	$340.00	37.9%	10.9%	36.6%	13.0%	38.2%	0.3%	0.3%	60.6M	-2.53B	-16.3M	0.45	41.90	50,652	22,898	148,959	175,030
2025-01-23	$375.72	$340.00	36.5%	10.5%	36.0%	10.0%	37.0%	0.7%	0.2%	63.8M	-2.40B	-16.7M	0.61	43.04	20,663	12,536	157,985	182,698
2025-01-24	$374.87	$340.00	36.3%	10.4%	36.0%	9.4%	36.5%	0.7%	0.3%	70.7M	-2.37B	-16.9M	0.46	51.13	38,030	17,360	162,258	186,551
2025-01-27	$370.97	$340.00	41.7%	12.2%	36.2%	21.8%	42.4%	1.3%	8.9%	31.6M	-2.04B	-17.2M	0.66	51.04	22,060	14,525	155,481	178,581
2025-01-28	$408.87	$340.00	44.5%	12.4%	49.9%	28.1%	44.1%	1.2%	6.7%	63.6M	-3.66B	-17.2M	0.51	45.99	83,621	42,380	158,839	182,083
2025-01-29	$397.88	$350.00	42.8%	12.1%	49.4%	24.4%	42.9%	-0.2%	8.1%	50.2M	-3.03B	-18.0M	0.71	51.63	30,600	21,579	176,896	196,650
2025-01-30	$394.27	$350.00	44.9%	12.1%	49.3%	29.2%	42.4%	2.0%	8.0%	54.9M	-2.88B	-18.2M	0.61	52.90	24,201	14,820	182,255	198,826
2025-01-31	$399.77	$350.00	44.3%	11.7%	48.2%	27.7%	41.2%	-0.1%	9.0%	111.5M	-3.29B	-18.0M	0.36	52.86	56,332	20,136	184,178	198,091