CRWD Options History — August 2025

In August 2025, CRWD traded between $413.98 and $455.48. ATM implied volatility averaged 50.2%, placing in the 39.1% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 20.1% (HV 20d: 30.0%). Max pain ranged from $450.00 to $460.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.76.

Notable Days

2025-08-28: Highest Volume — 170,331 contracts
2025-08-28: Largest IV drop — 27.4% change
2025-08-07: Highest IV Rank — 47.2%
2025-08-25: Largest Expected Move — 15.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$428.97	$413.98	$455.48	$445.87	$420.94
Max Pain	$457.62	$450.00	$460.00	$450.00	$450.00
ATM IV	50.2%	35.6%	53.9%	50.2%	35.6%
Expected Move	14.1%	10.2%	15.6%	11.5%	10.2%
HV 20d	30.0%	24.0%	36.3%	24.0%	36.3%
HV 60d	31.2%	29.6%	33.3%	33.3%	29.8%
IV Rank	39.1%	7.2%	47.2%	39.1%	7.2%
IV Percentile	66.8%	7.5%	82.9%	64.7%	7.5%
Term Structure	-2.1%	-3.5%	0.1%	-2.2%	-0.2%
VWIV	49.2%	35.7%	54.7%	39.7%	35.7%
Skew 25d	3.2%	0.8%	5.7%	4.3%	2.5%
Skew 10d	4.1%	-18.5%	19.9%	-18.5%	2.2%
Call IV 25d	48.8%	34.1%	53.1%	49.5%	34.1%
Put IV 25d	52.0%	36.6%	57.2%	53.8%	36.6%
Bid-Ask Spread %	42.52	30.61	51.95	51.75	40.66
Gamma HHI	0.04	0.02	0.16	0.05	0.16
Net GEX	-8.5M	-108.8M	72.1M	-28.3M	-108.8M
Net DEX	-1.18B	-2.38B	-538.7M	-1.40B	-689.7M
Net VEX	-22.9M	-23.8M	-22.3M	-22.3M	-23.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.76	0.41	1.07	0.99	0.73
Total Volume	50,553.286	24,335	170,331	42,547	101,688
Total OI	398,010.762	359,423	483,186	387,557	483,186

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
2025-08-01	$445.87	$450.00	50.2%	11.5%	24.0%	39.1%	39.7%	4.3%	-2.2%	-28.3M	-1.40B	-22.3M	0.99	51.75	21,425	21,122	184,632	202,925
2025-08-04	$455.48	$460.00	49.0%	13.2%	25.7%	36.4%	46.6%	3.3%	-0.9%	10.7M	-2.07B	-22.3M	0.66	48.90	14,684	9,651	168,973	193,798
2025-08-05	$440.48	$460.00	50.6%	13.6%	27.2%	40.0%	47.6%	3.8%	-2.4%	-13.0M	-1.35B	-22.3M	0.64	50.16	21,341	13,630	174,987	198,128
2025-08-06	$450.03	$460.00	50.8%	13.7%	28.4%	40.4%	47.8%	4.2%	-2.6%	6.1M	-1.87B	-22.8M	0.53	48.86	17,901	9,399	180,118	204,145
2025-08-07	$427.60	$460.00	53.9%	14.4%	29.9%	47.2%	50.2%	4.9%	-2.9%	-39.1M	-678.2M	-22.6M	1.07	47.41	38,514	41,235	185,016	207,043
2025-08-08	$422.51	$460.00	52.6%	14.4%	29.2%	44.4%	50.4%	3.0%	-2.8%	-63.4M	-538.7M	-22.7M	0.82	51.95	26,610	21,894	195,702	211,851
2025-08-11	$426.42	$460.00	52.0%	14.4%	29.8%	43.2%	50.4%	5.7%	-0.6%	-14.3M	-958.8M	-22.8M	0.52	51.79	21,399	11,135	182,740	206,460
2025-08-12	$435.07	$460.00	51.6%	14.2%	31.1%	42.3%	50.3%	3.9%	-1.9%	911.0K	-1.43B	-23.3M	0.41	49.88	22,178	9,176	188,605	210,705
2025-08-13	$430.20	$460.00	52.1%	14.4%	31.2%	43.3%	50.2%	3.5%	-1.5%	-5.5M	-1.24B	-23.2M	0.92	49.40	14,631	13,394	194,212	212,535
2025-08-14	$424.34	$460.00	52.0%	14.6%	31.4%	43.1%	50.9%	2.6%	-1.8%	-25.6M	-924.3M	-23.0M	1.02	50.63	18,578	18,998	196,145	215,623
2025-08-15	$427.70	$460.00	52.0%	14.7%	31.0%	43.0%	51.6%	3.4%	-0.9%	12.6M	-1.26B	-23.2M	0.72	40.03	19,895	14,262	201,112	216,730
2025-08-18	$425.67	$460.00	52.2%	14.8%	30.6%	43.6%	51.4%	3.0%	-2.8%	7.8M	-1.15B	-22.8M	0.64	30.61	21,526	13,696	168,253	191,170
2025-08-19	$418.24	$460.00	53.8%	15.3%	30.8%	46.9%	53.3%	3.1%	-2.6%	-5.7M	-832.6M	-23.0M	0.65	32.98	22,559	14,649	176,187	198,253
2025-08-20	$420.20	$460.00	53.5%	15.3%	30.0%	46.3%	53.4%	3.4%	-3.5%	820.1K	-944.6M	-23.2M	0.61	33.12	18,438	11,278	181,583	201,882
2025-08-21	$413.98	$460.00	53.7%	15.6%	30.1%	46.8%	54.5%	2.7%	-3.4%	-18.0M	-676.3M	-23.0M	0.82	32.77	13,983	11,408	184,060	204,018
2025-08-22	$419.23	$460.00	50.2%	14.6%	30.0%	39.2%	51.2%	3.0%	-2.6%	15.5M	-990.9M	-22.8M	0.89	37.19	23,901	21,320	186,644	205,131
2025-08-25	$420.85	$460.00	51.6%	15.6%	29.9%	42.1%	54.7%	2.5%	-3.1%	4.1M	-1.08B	-22.9M	0.94	33.90	20,678	19,484	174,092	199,487
2025-08-26	$418.31	$450.00	50.4%	15.3%	29.8%	39.6%	53.6%	1.4%	-3.5%	1.2M	-946.8M	-23.2M	0.78	36.39	20,408	15,851	183,106	209,845
2025-08-27	$424.66	$450.00	49.8%	15.1%	30.6%	38.3%	53.1%	0.8%	-2.6%	11.9M	-1.35B	-23.6M	0.86	38.62	64,157	55,212	191,120	215,843
2025-08-28	$440.60	$450.00	36.2%	10.4%	33.8%	8.5%	36.7%	1.5%	0.1%	72.1M	-2.38B	-23.8M	0.80	35.88	94,462	75,869	223,555	248,626
2025-08-29	$420.94	$450.00	35.6%	10.2%	36.3%	7.2%	35.7%	2.5%	-0.2%	-108.8M	-689.7M	-23.1M	0.73	40.66	58,638	43,050	227,108	256,078