CRWD Options History — September 2025

In September 2025, CRWD traded between $411.52 and $502.08. ATM implied volatility averaged 37.0%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 1.7% (HV 20d: 38.7%). Max pain ranged from $430.00 to $450.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.73.

Notable Days

  • 2025-09-18: Highest Volume — 167,718 contracts
  • 2025-09-19: Largest IV drop — 10.0% change
  • 2025-09-18: Highest IV Rank — 17.8%
  • 2025-09-18: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$453.72$411.52$502.08$412.25$489.73
Max Pain$439.05$430.00$450.00$450.00$450.00
ATM IV37.0%34.1%40.4%37.5%38.4%
Expected Move10.6%9.8%11.6%10.9%10.8%
HV 20d38.7%28.4%51.7%35.7%46.0%
HV 60d33.7%29.8%38.5%30.0%37.5%
IV Rank10.3%3.9%17.8%11.3%13.4%
IV Percentile20.5%2.8%36.9%22.6%31.7%
Term Structure-0.2%-1.3%0.6%-0.6%-1.2%
VWIV37.4%34.9%41.6%38.2%38.7%
Skew 25d1.0%-0.9%2.5%2.5%0.8%
Skew 10d3.5%-1.4%11.0%7.2%2.3%
Call IV 25d36.9%33.1%41.5%36.6%37.7%
Put IV 25d37.8%34.7%41.4%39.1%38.5%
Bid-Ask Spread %49.9136.0359.5038.8153.02
Gamma HHI0.060.030.280.040.06
Net GEX47.9M-32.7M139.0M-20.6M80.8M
Net DEX-2.79B-6.46B-428.8M-430.9M-4.02B
Net VEX-23.9M-25.0M-22.5M-22.7M-24.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.451.520.790.71
Total Volume47,23724,521167,71848,55924,521
Total OI416,452.905377,244466,342410,671390,016

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$412.25$450.0037.5%10.9%35.7%11.3%38.2%2.5%-0.6%-20.6M-430.9M-22.7M0.7938.8127,18321,376194,213216,458
2025-09-03$411.69$450.0035.1%10.2%34.1%6.2%36.0%-0.2%-0.0%-27.5M-428.8M-22.6M0.7736.0321,47216,440199,964221,892
2025-09-04$411.52$430.0035.3%10.0%32.8%6.6%35.0%1.3%0.1%-32.7M-453.9M-22.5M1.5259.5025,13938,305203,122225,105
2025-09-05$417.31$430.0034.1%9.8%28.4%3.9%35.0%1.4%-0.0%-3.1M-899.8M-22.8M0.7545.0323,79117,790207,697225,451
2025-09-08$428.48$430.0034.8%10.0%29.7%5.5%35.3%1.4%0.0%28.2M-1.65B-22.9M0.5844.5329,31816,920189,123214,328
2025-09-09$423.57$430.0034.5%9.9%29.8%4.8%34.9%2.3%0.6%27.7M-1.44B-23.3M1.2246.0718,17722,140198,645220,008
2025-09-10$425.24$430.0035.7%10.1%28.9%7.4%35.7%1.6%-0.7%33.1M-1.55B-23.6M0.4551.6923,01010,362202,212224,182
2025-09-11$434.79$430.0035.5%10.3%29.7%7.1%35.9%1.3%0.3%78.8M-2.26B-23.7M0.7554.4923,63117,704204,931225,928
2025-09-12$437.09$430.0036.9%10.6%29.3%10.1%37.3%0.9%0.1%84.2M-2.44B-24.1M0.5652.5934,87019,624208,691230,672
2025-09-15$444.03$430.0037.4%10.7%29.7%11.1%37.8%1.3%-0.1%52.2M-2.65B-24.2M0.5755.3928,03015,852199,763220,766
2025-09-16$444.76$430.0039.6%11.3%29.6%16.1%39.5%2.0%-0.6%51.2M-2.66B-24.4M0.6355.6715,1279,562205,720226,658
2025-09-17$446.16$430.0039.1%11.2%28.6%14.9%39.5%1.3%-0.7%56.1M-2.77B-24.3M0.7759.2222,12817,050208,368229,136
2025-09-18$502.08$430.0040.4%11.6%49.8%17.8%41.6%-0.1%-1.3%118.4M-6.46B-24.0M0.6341.57102,60965,109211,162235,413
2025-09-19$501.93$440.0036.4%10.5%49.2%9.0%37.4%-0.3%-0.4%139.0M-6.20B-24.3M0.6753.1148,63132,680217,817248,525
2025-09-22$494.00$450.0038.1%11.0%50.0%12.7%38.7%-0.9%-0.7%68.5M-4.31B-24.2M0.8048.8022,49217,988178,354198,890
2025-09-23$484.57$450.0038.3%11.0%50.9%13.2%39.0%0.7%0.1%57.1M-3.78B-24.6M0.8344.7516,06413,369182,483203,128
2025-09-24$474.83$450.0038.7%10.6%51.6%14.1%37.6%0.5%0.3%36.8M-3.25B-24.7M0.5249.0219,68310,204184,924205,986
2025-09-25$472.89$450.0038.3%10.9%51.7%13.2%38.6%1.2%-0.6%32.7M-3.20B-24.9M0.5154.2922,48711,431190,371208,169
2025-09-26$482.03$450.0036.1%10.3%50.6%8.3%36.1%0.7%0.6%72.1M-3.80B-25.0M0.5653.2525,60814,389197,323211,009
2025-09-29$489.12$450.0037.0%10.6%47.1%10.3%37.4%0.7%0.1%72.4M-3.96B-24.8M0.6551.2018,03911,672180,685198,223
2025-09-30$489.73$450.0038.4%10.8%46.0%13.4%38.7%0.8%-1.2%80.8M-4.02B-24.8M0.7153.0214,35910,162187,149202,867