CRWD Options History — May 2025

In May 2025, CRWD traded between $410.50 and $471.49. ATM implied volatility averaged 51.5%, placing in the 42.2% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded below realized volatility by 0.2% (HV 20d: 51.7%). Max pain ranged from $350.00 to $385.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2025-05-23: Highest Volume — 77,810 contracts
  • 2025-05-05: Largest IV spike — 10.7% change
  • 2025-05-06: Highest IV Rank — 51.3%
  • 2025-05-23: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$442.85$410.50$471.49$436.25$466.47
Max Pain$361.19$350.00$385.00$380.00$370.00
ATM IV51.5%46.1%55.7%46.2%49.3%
Expected Move14.5%11.8%16.2%12.7%14.8%
HV 20d51.7%37.1%81.4%81.4%38.9%
HV 60d67.7%64.4%69.4%67.6%64.4%
IV Rank42.2%30.3%51.3%30.5%37.3%
IV Percentile65.6%51.2%82.1%51.6%57.1%
Term Structure-0.9%-5.1%9.4%8.6%-2.8%
VWIV51.6%42.0%57.5%45.1%52.8%
Skew 25d4.3%2.2%8.9%8.9%2.3%
Skew 10d8.5%2.0%23.8%10.7%5.4%
Call IV 25d49.8%39.5%55.5%39.5%48.9%
Put IV 25d54.1%46.6%58.7%48.4%51.2%
Bid-Ask Spread %42.4832.1353.6141.1037.02
Gamma HHI0.060.030.260.050.06
Net GEX59.7M-55.7M137.3M72.0M72.1M
Net DEX-3.68B-4.61B-2.12B-3.86B-4.31B
Net VEX-23.2M-23.6M-22.4M-23.5M-22.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.461.060.920.77
Total Volume39,049.47618,94077,81032,45838,499
Total OI390,365.048364,916421,840378,929405,964

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$436.25$380.0046.2%12.7%81.4%30.5%45.1%8.9%8.6%72.0M-3.86B-23.5M0.9241.1016,92315,535178,128200,801
2025-05-02$440.24$385.0046.1%11.8%76.6%30.3%42.0%6.2%9.4%79.9M-4.02B-23.2M1.0647.1218,80019,850178,797203,394
2025-05-05$447.32$350.0051.0%14.3%71.2%41.0%52.0%5.2%-0.6%55.6M-3.95B-23.5M0.7345.1919,34014,140170,319194,597
2025-05-06$446.60$350.0055.7%14.8%70.8%51.3%54.5%7.3%-5.1%56.5M-3.93B-23.6M0.7550.5314,30710,756175,035198,513
2025-05-07$425.65$350.0054.3%14.5%74.0%48.3%54.6%5.7%-2.5%36.3M-2.98B-23.6M0.9253.6129,69027,354177,210199,094
2025-05-08$430.48$350.0052.2%13.9%48.0%43.6%48.2%6.8%-1.2%45.8M-3.25B-23.6M0.6153.5924,66115,061182,351209,872
2025-05-09$410.50$350.0052.8%14.2%49.9%45.0%49.4%5.1%-3.1%-55.7M-2.12B-23.6M0.8951.3834,87131,112186,227214,298
2025-05-12$426.79$350.0049.0%13.3%50.5%36.7%47.6%4.6%-1.6%54.6M-3.15B-23.3M0.6550.0422,19014,372182,077208,094
2025-05-13$441.76$350.0050.0%13.7%51.5%38.9%48.9%2.7%-1.4%83.6M-3.98B-23.2M0.8746.5824,86821,663186,495211,659
2025-05-14$433.71$360.0051.2%14.1%51.5%41.4%50.2%3.5%-2.4%61.4M-3.49B-23.5M0.9345.3814,56513,500189,204221,323
2025-05-15$430.57$360.0051.2%14.0%48.5%41.4%49.2%3.9%-2.6%55.5M-3.31B-23.6M0.8049.9714,09311,315192,374224,571
2025-05-16$438.75$360.0050.1%14.0%48.7%39.0%49.1%3.4%-1.5%91.1M-3.78B-23.4M0.4945.1520,70310,121193,767228,073
2025-05-19$442.87$360.0051.3%14.5%45.1%41.7%51.2%3.4%-0.5%49.2M-3.48B-23.0M0.6933.2612,0368,267169,338202,253
2025-05-20$440.99$360.0052.1%14.8%45.3%43.4%52.7%3.6%-1.3%49.2M-3.41B-23.1M0.7838.7910,6538,287172,878204,986
2025-05-21$435.94$360.0053.7%15.4%43.6%46.8%54.7%3.7%-0.9%41.8M-3.17B-23.2M0.4836.9626,78912,808175,887207,600
2025-05-22$445.95$360.0054.2%15.6%37.1%47.9%55.5%3.6%-1.3%76.5M-3.69B-23.2M0.4634.0523,76411,021179,353209,473
2025-05-23$458.22$360.0055.6%16.2%37.4%51.1%57.5%3.1%-2.9%137.3M-4.34B-23.3M0.5532.4250,21027,600183,439212,338
2025-05-27$471.49$370.0053.7%16.2%38.4%46.8%57.3%3.5%-0.9%74.4M-4.61B-22.4M0.6333.9338,48824,257174,755202,703
2025-05-28$470.34$380.0052.4%16.0%38.2%44.1%56.9%2.2%-1.7%68.9M-4.45B-22.8M0.7932.1316,51813,096180,146212,578
2025-05-29$458.98$370.0050.1%15.3%39.3%39.1%53.9%2.2%-2.3%48.4M-3.91B-22.7M0.7433.8321,82016,136183,116214,586
2025-05-30$466.47$370.0049.3%14.8%38.9%37.3%52.8%2.3%-2.8%72.1M-4.31B-22.7M0.7737.0221,76716,732186,884219,080