CRWD Options History — April 2025

In April 2025, CRWD traded between $320.13 and $430.70. ATM implied volatility averaged 54.0%, placing in the 48.1% IV rank vs the trailing year. The 30-day expected move averaged 15.2%. IV traded below realized volatility by 23.1% (HV 20d: 77.1%). Max pain ranged from $360.00 to $380.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.75.

Notable Days

2025-04-24: Highest Volume — 65,437 contracts
2025-04-09: Largest IV drop — 34.0% change
2025-04-08: Highest IV Rank — 100.0%
2025-04-08: Largest Expected Move — 21.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$377.42	$320.13	$430.70	$362.12	$426.44
Max Pain	$367.50	$360.00	$380.00	$360.00	$380.00
ATM IV	54.0%	45.3%	78.1%	46.8%	51.2%
Expected Move	15.2%	12.8%	21.2%	13.3%	13.5%
HV 20d	77.1%	58.2%	83.4%	72.7%	81.5%
HV 60d	65.0%	56.2%	69.1%	56.4%	67.7%
IV Rank	48.1%	28.6%	100.0%	33.5%	41.5%
IV Percentile	69.5%	50.8%	100.0%	59.1%	62.3%
Term Structure	0.0%	-5.2%	7.0%	0.9%	3.8%
VWIV	53.0%	44.9%	70.2%	47.1%	47.9%
Skew 25d	10.5%	3.5%	16.6%	3.5%	9.2%
Skew 10d	23.2%	8.0%	40.3%	22.9%	29.3%
Call IV 25d	48.7%	41.5%	68.3%	45.8%	43.7%
Put IV 25d	59.2%	47.9%	84.9%	49.2%	52.9%
Bid-Ask Spread %	44.06	29.15	54.34	47.53	40.65
Gamma HHI	0.04	0.03	0.07	0.03	0.04
Net GEX	25.4M	-17.7M	70.0M	13.0M	52.2M
Net DEX	-1.76B	-3.59B	146.9M	-1.23B	-3.35B
Net VEX	-22.4M	-23.7M	-20.5M	-20.9M	-23.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.49	1.05	0.72	0.60
Total Volume	39,857.762	27,424	65,437	30,729	27,424
Total OI	369,165.429	336,249	396,716	360,004	374,339

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
2025-04-01	$362.12	$360.00	46.8%	13.3%	72.7%	33.5%	47.1%	3.5%	0.9%	13.0M	-1.23B	-20.9M	0.72	47.53	17,857	12,872	172,280	187,724
2025-04-02	$371.49	$370.00	45.9%	12.8%	68.4%	31.4%	44.9%	5.6%	-0.1%	25.4M	-1.65B	-21.5M	0.65	46.61	17,761	11,580	176,858	193,175
2025-04-03	$347.88	$370.00	55.0%	15.4%	70.2%	52.1%	53.2%	8.9%	-2.4%	-6.6M	-601.6M	-21.5M	0.71	48.67	22,409	15,855	179,548	195,542
2025-04-04	$326.47	$360.00	70.2%	18.3%	71.8%	86.9%	63.8%	14.5%	-5.2%	-17.7M	146.9M	-21.1M	1.04	44.02	28,201	29,470	181,823	196,420
2025-04-07	$322.44	$360.00	72.1%	19.6%	66.2%	91.2%	66.2%	15.9%	-2.9%	-10.2M	94.1M	-20.6M	0.78	48.58	20,198	15,760	170,033	189,952
2025-04-08	$320.13	$360.00	78.1%	21.2%	58.2%	100.0%	70.2%	16.5%	-3.6%	-8.3M	109.2M	-20.5M	0.70	42.63	20,968	14,777	174,119	191,027
2025-04-09	$377.58	$360.00	51.5%	14.1%	82.4%	42.1%	51.3%	11.9%	-2.1%	34.5M	-2.03B	-21.8M	0.79	54.34	27,828	22,019	178,668	194,167
2025-04-10	$365.50	$360.00	61.5%	17.1%	81.6%	63.8%	61.7%	15.3%	-2.2%	26.3M	-1.48B	-22.5M	0.81	53.37	19,121	15,450	182,316	197,871
2025-04-11	$376.89	$360.00	56.5%	15.8%	79.9%	52.9%	57.8%	16.6%	-2.9%	48.7M	-2.02B	-23.0M	0.82	48.67	20,428	16,680	184,484	201,620
2025-04-14	$380.52	$360.00	50.9%	14.6%	78.3%	40.8%	51.2%	11.0%	-1.5%	27.5M	-1.89B	-22.6M	0.65	53.78	19,805	12,945	172,875	193,457
2025-04-15	$392.56	$370.00	48.2%	13.9%	78.6%	35.0%	48.5%	11.6%	-0.3%	48.0M	-2.43B	-22.6M	0.70	47.88	35,768	24,915	177,460	196,627
2025-04-16	$376.10	$370.00	53.5%	15.3%	78.9%	46.4%	54.2%	11.8%	0.8%	17.2M	-1.63B	-23.1M	0.92	53.66	25,400	23,307	184,697	204,790
2025-04-17	$376.34	$370.00	49.4%	14.1%	78.6%	37.6%	49.3%	10.1%	1.1%	12.0M	-1.60B	-22.9M	0.60	52.93	20,902	12,523	187,190	209,526
2025-04-21	$361.12	$370.00	55.7%	16.3%	79.9%	51.3%	51.9%	9.4%	0.8%	1.6M	-950.4M	-22.5M	0.57	35.83	19,451	11,155	157,086	179,163
2025-04-22	$367.66	$370.00	51.3%	15.2%	80.0%	41.8%	51.5%	10.0%	-0.1%	7.5M	-1.17B	-22.4M	0.76	35.79	17,847	13,634	160,980	182,568
2025-04-23	$384.97	$370.00	50.5%	14.9%	80.7%	39.9%	51.0%	8.8%	-0.4%	30.0M	-1.89B	-23.0M	0.49	37.92	29,126	14,166	166,546	187,591
2025-04-24	$413.07	$370.00	46.8%	13.9%	83.4%	31.9%	49.1%	7.6%	1.1%	62.1M	-3.10B	-23.7M	0.72	29.15	38,102	27,335	171,502	191,382
2025-04-25	$422.61	$370.00	45.3%	12.9%	83.4%	28.6%	46.6%	7.7%	2.0%	70.0M	-3.59B	-23.7M	0.82	32.02	29,189	23,952	176,595	201,427
2025-04-28	$423.28	$377.50	46.7%	13.6%	81.7%	31.7%	47.4%	8.4%	7.0%	46.6M	-3.18B	-23.7M	1.05	35.30	14,998	15,786	168,113	193,371
2025-04-29	$430.70	$380.00	46.1%	13.1%	81.5%	30.3%	47.1%	6.9%	6.7%	54.0M	-3.50B	-23.6M	0.79	35.87	16,754	13,295	171,162	196,400
2025-04-30	$426.44	$380.00	51.2%	13.5%	81.5%	41.5%	47.9%	9.2%	3.8%	52.2M	-3.35B	-23.7M	0.60	40.65	17,144	10,280	175,244	199,095