CRWD Options History — February 2025

In February 2025, CRWD traded between $380.45 and $452.67. ATM implied volatility averaged 53.0%, placing in the 47.7% IV rank vs the trailing year. The 30-day expected move averaged 15.0%. IV traded above realized volatility by 7.8% (HV 20d: 45.3%). Max pain ranged from $350.00 to $370.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.66.

Notable Days

2025-02-21: Highest Volume — 94,682 contracts
2025-02-21: Largest IV spike — 7.0% change
2025-02-25: Highest IV Rank — 61.0%
2025-02-25: Largest Expected Move — 18.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$417.73	$380.45	$452.67	$398.31	$385.60
Max Pain	$358.42	$350.00	$370.00	$350.00	$370.00
ATM IV	53.0%	49.0%	58.8%	49.0%	55.4%
Expected Move	15.0%	11.9%	18.1%	12.0%	17.3%
HV 20d	45.3%	40.9%	53.2%	48.3%	43.6%
HV 60d	45.6%	44.0%	47.7%	46.2%	47.2%
IV Rank	47.7%	38.4%	61.0%	38.4%	53.0%
IV Percentile	72.0%	64.3%	88.9%	64.7%	79.0%
Term Structure	-1.7%	-3.0%	0.3%	0.2%	-2.5%
VWIV	52.6%	42.2%	62.5%	42.2%	60.8%
Skew 25d	2.0%	0.4%	4.8%	1.8%	3.1%
Skew 10d	6.0%	1.1%	27.2%	6.8%	27.2%
Call IV 25d	52.4%	50.3%	56.2%	50.3%	54.5%
Put IV 25d	54.5%	51.3%	60.6%	52.1%	57.5%
Bid-Ask Spread %	40.97	32.70	56.16	52.58	36.33
Gamma HHI	0.06	0.03	0.14	0.06	0.04
Net GEX	57.5M	-6.6M	120.4M	51.5M	-6.0M
Net DEX	-3.45B	-5.34B	-1.19B	-2.98B	-1.58B
Net VEX	-18.4M	-19.6M	-17.7M	-17.9M	-19.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.66	0.37	0.81	0.80	0.78
Total Volume	51,850.789	31,893	94,682	35,224	42,857
Total OI	377,290.842	349,951	406,188	351,539	383,319

Daily Data (19 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
2025-02-03	$398.31	$350.00	49.0%	12.0%	48.3%	38.4%	42.2%	1.8%	0.2%	51.5M	-2.98B	-17.9M	0.80	52.58	19,588	15,636	168,562	182,977
2025-02-04	$408.01	$350.00	51.1%	12.2%	47.7%	43.2%	42.9%	1.8%	0.2%	66.0M	-3.43B	-18.2M	0.42	54.38	28,074	11,697	173,845	189,254
2025-02-05	$416.44	$350.00	51.3%	11.9%	47.7%	43.8%	42.2%	0.4%	0.3%	89.1M	-3.93B	-18.0M	0.37	56.16	42,910	15,948	180,986	191,693
2025-02-06	$418.41	$350.00	50.8%	14.2%	46.7%	42.6%	49.9%	1.3%	-0.5%	98.4M	-4.05B	-18.2M	0.61	40.27	23,544	14,459	186,601	195,700
2025-02-07	$421.41	$350.00	51.7%	14.4%	46.6%	44.6%	50.7%	1.2%	0.2%	113.5M	-4.15B	-18.2M	0.61	39.98	45,254	27,742	188,224	198,912
2025-02-10	$427.92	$350.00	50.7%	14.1%	44.5%	42.3%	49.8%	0.9%	-2.2%	70.1M	-4.07B	-17.8M	0.65	40.54	28,259	18,261	171,840	188,007
2025-02-11	$429.93	$350.00	51.5%	14.2%	42.5%	44.1%	50.2%	1.2%	-1.8%	72.3M	-4.19B	-17.9M	0.68	40.56	22,586	15,267	177,256	195,416
2025-02-12	$434.92	$350.00	51.0%	14.0%	42.3%	43.0%	49.5%	1.8%	-2.1%	84.5M	-4.44B	-17.9M	0.64	32.70	22,133	14,155	181,800	201,122
2025-02-13	$452.67	$350.00	51.5%	14.3%	41.6%	44.2%	50.2%	1.2%	-2.2%	111.3M	-5.34B	-17.9M	0.64	37.36	40,953	26,069	184,883	204,054
2025-02-14	$452.09	$360.00	50.2%	13.9%	41.7%	41.2%	49.8%	1.0%	-2.8%	120.4M	-5.32B	-17.8M	0.79	42.62	33,203	26,284	192,237	211,962
2025-02-18	$451.22	$360.00	51.4%	14.6%	40.9%	44.0%	52.1%	1.2%	-2.0%	77.2M	-4.89B	-17.7M	0.81	42.25	19,041	15,336	181,544	192,377
2025-02-19	$448.89	$360.00	52.3%	15.0%	41.1%	46.1%	52.6%	1.0%	-2.6%	77.1M	-4.76B	-17.8M	0.70	43.68	18,721	13,172	185,774	197,860
2025-02-20	$433.62	$360.00	51.8%	15.0%	43.2%	44.9%	52.8%	1.4%	-2.5%	39.5M	-3.90B	-18.3M	0.71	42.90	45,673	32,291	187,818	202,034
2025-02-21	$405.06	$370.00	55.5%	16.2%	50.5%	53.2%	56.8%	3.8%	-2.8%	7.6M	-2.35B	-19.0M	0.79	38.97	52,781	41,901	194,935	211,253
2025-02-24	$393.72	$370.00	57.5%	17.4%	51.8%	57.9%	60.5%	3.8%	-1.9%	3.8M	-1.67B	-19.1M	0.78	34.47	31,544	24,446	166,103	183,848
2025-02-25	$380.45	$370.00	58.8%	18.1%	53.2%	61.0%	62.4%	4.8%	-1.8%	-3.3M	-1.19B	-19.1M	0.67	33.77	33,486	22,409	173,520	189,284
2025-02-26	$396.44	$370.00	58.3%	18.0%	42.5%	59.7%	62.5%	3.5%	-3.0%	26.0M	-2.03B	-19.6M	0.55	35.07	32,571	17,936	180,989	192,278
2025-02-27	$381.79	$370.00	57.6%	18.0%	43.4%	58.2%	62.5%	3.8%	-2.5%	-6.6M	-1.33B	-19.3M	0.58	33.82	31,063	17,915	184,389	195,870
2025-02-28	$385.60	$370.00	55.4%	17.3%	43.6%	53.0%	60.8%	3.1%	-2.5%	-6.0M	-1.58B	-19.6M	0.78	36.33	24,110	18,747	187,655	195,664