CRWD Options History — March 2025

In March 2025, CRWD traded between $306.28 and $392.75. ATM implied volatility averaged 48.7%, placing in the 37.7% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded below realized volatility by 18.3% (HV 20d: 67.0%). Max pain ranged from $340.00 to $370.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.80.

Notable Days

2025-03-05: Highest Volume — 183,694 contracts
2025-03-05: Largest IV drop — 24.0% change
2025-03-03: Highest IV Rank — 64.3%
2025-03-04: Largest Expected Move — 19.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$358.85	$306.28	$392.75	$379.14	$351.92
Max Pain	$362.38	$340.00	$370.00	$370.00	$370.00
ATM IV	48.7%	42.1%	60.3%	60.3%	47.9%
Expected Move	14.6%	12.1%	19.8%	19.4%	13.4%
HV 20d	67.0%	43.5%	77.9%	43.5%	73.2%
HV 60d	54.4%	47.3%	57.5%	47.3%	56.1%
IV Rank	37.7%	22.7%	64.3%	64.3%	36.0%
IV Percentile	64.0%	45.6%	92.5%	92.5%	60.7%
Term Structure	-0.8%	-3.4%	1.7%	-3.3%	-0.9%
VWIV	50.8%	41.5%	69.3%	68.5%	46.9%
Skew 25d	4.8%	2.9%	8.6%	4.0%	5.1%
Skew 10d	12.2%	3.0%	27.8%	17.9%	25.5%
Call IV 25d	46.1%	40.0%	57.7%	56.1%	44.8%
Put IV 25d	50.9%	43.6%	61.7%	60.1%	49.9%
Bid-Ask Spread %	40.64	24.01	47.28	39.32	46.80
Gamma HHI	0.05	0.03	0.18	0.03	0.03
Net GEX	1.6M	-54.1M	41.6M	7.5M	-1.3M
Net DEX	-1.05B	-2.23B	939.7M	-1.45B	-790.3M
Net VEX	-20.2M	-21.0M	-18.2M	-19.4M	-20.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.80	0.51	1.12	0.93	0.77
Total Volume	56,873.429	21,623	183,694	36,338	28,961
Total OI	394,063.143	345,148	439,143	350,498	353,068

Daily Data (21 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
2025-03-03	$379.14	$370.00	60.3%	19.4%	43.5%	64.3%	68.5%	4.0%	-3.3%	7.5M	-1.45B	-19.4M	0.93	39.32	18,850	17,488	165,685	184,813
2025-03-04	$392.75	$370.00	59.2%	19.8%	45.6%	61.9%	69.3%	3.5%	-1.2%	16.5M	-1.97B	-19.8M	1.01	38.30	46,487	46,743	171,626	192,282
2025-03-05	$364.64	$370.00	45.0%	13.9%	51.5%	29.4%	47.5%	2.9%	0.0%	-24.6M	-611.1M	-18.6M	1.03	35.63	90,285	93,409	191,121	215,402
2025-03-06	$346.83	$370.00	48.8%	14.9%	52.8%	38.0%	51.8%	4.4%	-0.3%	-38.2M	30.0M	-19.2M	1.12	46.36	45,401	50,972	205,587	229,090
2025-03-07	$330.75	$360.00	50.0%	15.2%	54.2%	40.8%	52.7%	4.3%	-0.6%	-54.1M	647.0M	-18.9M	1.01	43.82	54,727	55,141	212,409	226,734
2025-03-10	$306.28	$360.00	58.5%	19.1%	58.4%	60.1%	66.1%	7.6%	-3.4%	-28.2M	939.7M	-18.2M	0.86	42.90	35,292	30,509	185,774	206,039
2025-03-11	$334.19	$350.00	54.4%	17.7%	68.2%	50.8%	62.9%	5.5%	0.0%	-10.8M	-254.9M	-20.3M	0.62	44.45	35,155	21,852	195,409	209,260
2025-03-12	$346.60	$350.00	50.4%	16.2%	70.2%	41.7%	56.9%	3.0%	-2.0%	2.4M	-805.4M	-20.4M	0.66	38.41	26,303	17,345	199,350	212,987
2025-03-13	$331.91	$350.00	52.6%	16.3%	70.6%	46.7%	56.4%	8.6%	-1.2%	-17.0M	-87.4M	-19.9M	0.73	33.20	19,042	13,892	202,842	215,504
2025-03-14	$351.31	$340.00	48.2%	13.8%	72.5%	36.6%	48.8%	4.7%	-1.0%	29.4M	-1.14B	-20.5M	0.76	24.01	27,637	21,116	206,598	216,211
2025-03-17	$368.23	$370.00	46.6%	13.0%	75.5%	33.0%	45.0%	4.8%	-0.7%	21.0M	-1.72B	-20.6M	0.64	43.14	24,875	15,980	189,015	208,066
2025-03-18	$361.81	$370.00	47.6%	13.2%	75.4%	35.3%	45.6%	5.0%	-0.7%	13.1M	-1.41B	-20.6M	0.90	37.17	11,371	10,252	193,418	212,157
2025-03-19	$377.93	$360.00	45.5%	12.8%	77.9%	30.3%	45.1%	4.4%	-1.2%	41.6M	-2.23B	-20.7M	0.76	41.77	25,976	19,685	194,887	215,117
2025-03-20	$370.94	$360.00	44.6%	12.8%	77.4%	28.4%	43.8%	4.9%	-0.2%	27.4M	-1.84B	-20.7M	0.78	41.26	21,543	16,875	199,990	219,165
2025-03-21	$366.75	$360.00	44.1%	12.5%	74.1%	27.4%	44.4%	4.7%	1.0%	15.3M	-1.61B	-20.8M	0.96	42.01	23,530	22,666	203,147	222,422
2025-03-24	$371.20	$360.00	42.5%	12.1%	73.8%	23.5%	41.5%	3.6%	-0.7%	14.0M	-1.54B	-20.6M	0.76	41.87	19,025	14,409	161,419	183,729
2025-03-25	$385.00	$370.00	42.1%	12.1%	74.0%	22.7%	42.2%	3.7%	0.9%	39.2M	-2.21B	-20.9M	0.51	38.80	41,894	21,438	166,886	188,344
2025-03-26	$372.25	$360.00	44.0%	12.3%	73.4%	27.0%	43.1%	6.5%	-2.3%	20.0M	-1.62B	-21.0M	0.62	44.08	22,510	13,942	176,458	193,357
2025-03-27	$369.67	$370.00	43.6%	12.4%	72.2%	26.1%	43.0%	4.3%	0.3%	11.3M	-1.50B	-20.8M	0.70	47.28	17,536	12,220	178,625	195,382
2025-03-28	$355.65	$370.00	46.1%	13.0%	73.3%	31.9%	46.3%	5.7%	1.7%	-51.8M	-812.9M	-20.7M	0.69	42.83	24,840	17,168	179,928	196,023
2025-03-31	$351.92	$370.00	47.9%	13.4%	73.2%	36.0%	46.9%	5.1%	-0.9%	-1.3M	-790.3M	-20.7M	0.77	46.80	16,343	12,618	168,249	184,819