CRWD Options History — December 2025

In December 2025, CRWD traded between $471.07 and $520.07. ATM implied volatility averaged 35.6%, placing in the 6.7% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 7.0% (HV 20d: 28.6%). Max pain ranged from $410.00 to $500.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.91.

Notable Days

2025-12-03: Highest Volume — 115,552 contracts
2025-12-03: Largest IV drop — 22.0% change
2025-12-02: Highest IV Rank — 35.8%
2025-12-02: Largest Expected Move — 15.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$495.31	$471.07	$520.07	$503.01	$471.07
Max Pain	$427.27	$410.00	$500.00	$490.00	$420.00
ATM IV	35.6%	31.4%	48.7%	47.1%	31.4%
Expected Move	10.3%	8.8%	15.9%	15.7%	8.8%
HV 20d	28.6%	20.9%	33.1%	30.6%	20.9%
HV 60d	33.8%	29.9%	38.4%	38.1%	30.6%
IV Rank	6.7%	0.0%	35.8%	32.3%	0.0%
IV Percentile	11.3%	0.0%	61.5%	57.5%	0.0%
Term Structure	0.3%	-1.9%	1.8%	-0.1%	1.1%
VWIV	36.5%	30.9%	55.6%	55.1%	31.3%
Skew 25d	2.3%	0.8%	3.4%	1.6%	1.5%
Skew 10d	3.8%	-0.7%	7.8%	5.8%	2.2%
Call IV 25d	34.4%	30.4%	47.0%	47.0%	31.3%
Put IV 25d	36.6%	32.0%	48.9%	48.7%	32.8%
Bid-Ask Spread %	53.15	24.54	63.42	30.52	49.61
Gamma HHI	0.04	0.03	0.10	0.03	0.06
Net GEX	16.0M	-52.1M	68.1M	33.6M	-52.1M
Net DEX	-2.78B	-3.86B	-1.71B	-3.12B	-1.73B
Net VEX	-21.8M	-23.1M	-21.1M	-22.6M	-21.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.91	0.57	1.42	1.04	1.42
Total Volume	36,444.682	13,724	115,552	34,577	26,386
Total OI	381,307.591	346,774	429,621	346,774	371,581

Daily Data (22 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
2025-12-01	$503.01	$490.00	47.1%	15.7%	30.6%	32.3%	55.1%	1.6%	-0.1%	33.6M	-3.12B	-22.6M	1.04	30.52	16,912	17,665	165,235	181,539
2025-12-02	$520.07	$490.00	48.7%	15.9%	33.1%	35.8%	55.6%	2.3%	-1.9%	44.9M	-3.76B	-23.1M	0.92	24.54	48,631	44,829	171,604	191,654
2025-12-03	$518.70	$500.00	38.0%	11.4%	31.7%	12.4%	40.8%	2.8%	1.2%	63.1M	-3.80B	-22.6M	0.82	38.80	63,439	52,113	197,084	220,644
2025-12-04	$513.56	$410.00	36.4%	10.6%	31.9%	8.9%	37.3%	2.1%	0.7%	61.8M	-3.67B	-22.5M	0.83	52.20	24,435	20,207	202,560	222,352
2025-12-05	$509.00	$410.00	36.5%	10.3%	31.8%	9.3%	36.9%	2.0%	1.8%	23.6M	-3.43B	-22.0M	0.85	60.96	27,983	23,816	204,505	225,116
2025-12-08	$513.33	$410.00	35.5%	10.5%	32.0%	7.0%	36.9%	0.8%	1.4%	53.2M	-3.61B	-22.1M	0.65	55.59	13,326	8,601	179,987	195,109
2025-12-09	$519.16	$410.00	36.7%	10.4%	29.5%	9.7%	36.9%	1.5%	-0.5%	68.1M	-3.86B	-22.4M	0.82	55.24	19,248	15,831	183,956	198,614
2025-12-10	$519.25	$410.00	35.5%	10.2%	29.5%	7.1%	35.7%	3.4%	-1.1%	66.1M	-3.83B	-22.1M	0.71	62.18	14,715	10,400	187,494	202,877
2025-12-11	$514.81	$410.00	34.8%	10.0%	29.1%	2.8%	35.2%	2.4%	0.7%	54.9M	-3.62B	-22.2M	0.67	60.39	14,915	10,047	189,308	205,553
2025-12-12	$505.37	$420.00	34.9%	9.9%	28.1%	2.1%	34.8%	2.8%	-0.2%	8.6M	-3.00B	-22.1M	0.78	59.05	20,782	16,159	191,148	207,027
2025-12-15	$488.97	$420.00	35.3%	10.1%	29.3%	2.9%	35.4%	1.9%	0.8%	9.0M	-2.40B	-21.6M	0.57	53.62	21,132	12,064	178,012	197,639
2025-12-16	$490.34	$420.00	34.2%	9.8%	28.9%	0.3%	34.3%	2.9%	-0.1%	8.5M	-2.43B	-21.5M	0.85	61.53	12,614	10,744	182,627	201,055
2025-12-17	$473.75	$420.00	35.6%	10.2%	30.2%	3.5%	35.5%	2.6%	-0.6%	-17.9M	-1.71B	-21.3M	1.16	61.43	14,166	16,464	183,426	203,203
2025-12-18	$478.12	$420.00	34.3%	9.8%	30.3%	0.5%	34.6%	2.9%	-0.3%	-13.0M	-1.99B	-21.4M	1.12	60.84	14,190	15,953	185,654	203,482
2025-12-19	$484.56	$420.00	33.3%	9.6%	28.4%	0.0%	32.9%	3.0%	0.3%	9.9M	-2.47B	-21.5M	1.14	63.42	12,715	14,544	187,548	203,565
2025-12-22	$483.73	$420.00	32.1%	9.2%	27.8%	0.0%	33.1%	2.4%	0.9%	9.2M	-2.27B	-21.2M	0.74	51.94	12,994	9,586	160,766	186,719
2025-12-23	$479.13	$420.00	31.6%	9.1%	25.9%	0.0%	32.7%	2.1%	0.1%	-496.8K	-2.07B	-21.3M	0.72	55.07	19,264	13,798	165,669	190,971
2025-12-24	$476.69	$420.00	33.1%	8.8%	25.4%	3.4%	31.8%	1.6%	-0.8%	-18.0M	-2.02B	-21.6M	1.02	55.31	6,784	6,940	171,870	197,773
2025-12-26	$480.93	$420.00	32.8%	9.2%	24.9%	2.6%	32.2%	2.5%	1.0%	-24.9M	-2.30B	-21.4M	1.10	51.48	13,508	14,814	173,056	199,455
2025-12-29	$476.40	$420.00	33.5%	9.3%	24.7%	4.1%	32.5%	3.2%	1.2%	-14.1M	-2.03B	-21.2M	0.85	51.85	11,897	10,061	163,424	193,261
2025-12-30	$476.92	$420.00	32.3%	8.9%	24.7%	1.6%	30.9%	2.0%	1.6%	-22.7M	-2.02B	-21.3M	1.22	53.72	12,194	14,917	166,953	197,692
2025-12-31	$471.07	$420.00	31.4%	8.8%	20.9%	0.0%	31.3%	1.5%	1.1%	-52.1M	-1.73B	-21.1M	1.42	49.61	10,894	15,492	170,790	200,791