CRWV Options History — September 2025

In September 2025, CRWV traded between $87.81 and $137.09. ATM implied volatility averaged 79.3%. The 30-day expected move averaged 22.6%. IV traded below realized volatility by 17.3% (HV 20d: 96.6%). Max pain ranged from $92.50 to $110.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.40.

Notable Days

  • 2025-09-10: Highest Volume — 714,088 contracts
  • 2025-09-22: Largest IV spike — 7.6% change
  • 2025-09-22: Largest Expected Move — 24.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$114.61$87.81$137.09$92.32$137.09
Max Pain$100.36$92.50$110.00$110.00$105.00
ATM IV79.3%71.1%86.8%77.4%84.6%
Expected Move22.6%20.1%24.5%22.7%23.1%
HV 20d96.6%81.0%126.5%124.8%81.1%
HV 60d102.3%99.0%105.5%103.0%104.3%
Term Structure0.7%-2.0%4.1%-0.7%4.1%
VWIV80.3%70.8%87.2%81.1%82.2%
Skew 25d0.1%-4.0%4.8%-0.5%-1.1%
Skew 10d1.4%-6.9%30.7%-4.4%-0.3%
Call IV 25d80.4%70.1%90.6%77.8%86.6%
Put IV 25d80.5%72.4%90.6%77.2%85.5%
Bid-Ask Spread %31.4316.1640.9027.8116.16
Gamma HHI0.080.040.240.040.07
Net GEX76.1M-177.9K190.5M12.8M126.1M
Net DEX-3.38B-6.35B129.0M-219.7M-6.35B
Net VEX-19.4M-25.9M-12.9M-13.4M-25.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.230.790.490.38
Total Volume381,290.524205,608714,088292,649642,746
Total OI1,467,698.9521,237,1921,679,0101,237,1921,566,759

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$92.32$110.0077.4%22.7%124.8%0.0%81.1%-0.5%-0.7%12.8M-219.7M-13.4M0.4927.81N/AN/A197,05195,598749,857487,335
2025-09-03$89.09$105.0074.5%21.9%123.2%0.0%77.7%2.0%0.6%5.4M53.3M-13.0M0.5024.93N/AN/A153,45977,431809,379516,355
2025-09-04$87.81$95.0074.3%21.5%123.2%0.0%76.1%1.3%-0.5%-177.9K129.0M-12.9M0.7930.53N/AN/A118,48293,368848,249530,126
2025-09-05$89.16$92.5072.6%21.1%116.8%0.0%73.7%1.6%1.1%2.3M-129.9M-13.3M0.5033.72N/AN/A137,40368,205867,965534,190
2025-09-08$94.32$92.5071.1%20.1%116.1%0.0%70.8%2.1%-0.7%29.9M-773.0M-14.0M0.4338.03N/AN/A164,14670,419794,437499,970
2025-09-09$100.82$92.5073.1%21.1%114.7%0.0%72.9%3.6%-0.2%56.2M-1.67B-15.3M0.3440.90N/AN/A249,89785,537829,621516,149
2025-09-10$116.60$92.5075.6%21.3%126.5%0.0%76.3%-1.2%-1.5%93.5M-4.33B-18.1M0.4435.97N/AN/A494,856219,232873,632532,051
2025-09-11$114.72$97.5073.3%21.1%106.3%0.0%75.2%4.8%0.0%83.8M-3.61B-18.1M0.4439.75N/AN/A188,18582,514903,627576,120
2025-09-12$112.69$100.0078.8%22.5%83.4%0.0%81.6%2.0%0.6%67.3M-3.28B-18.5M0.5438.82N/AN/A315,227169,875941,142594,584
2025-09-15$120.29$100.0084.3%24.0%85.9%0.0%85.8%-2.0%-1.1%98.4M-4.50B-20.6M0.3435.15N/AN/A280,25994,097904,061564,154
2025-09-16$118.71$100.0082.2%23.5%85.5%0.0%83.2%-0.8%0.7%102.9M-4.21B-20.8M0.2336.31N/AN/A249,92858,000959,121598,158
2025-09-17$121.08$100.0078.7%22.6%82.2%0.0%80.8%-0.6%-1.1%111.5M-4.63B-21.0M0.5138.70N/AN/A164,19083,019977,898614,494
2025-09-18$121.18$100.0077.9%22.2%81.0%0.0%79.2%0.2%3.8%122.6M-4.63B-21.1M0.3133.00N/AN/A286,99688,547991,501629,944
2025-09-19$124.82$100.0078.8%22.7%81.2%0.0%81.4%-0.5%-2.0%190.5M-5.41B-22.1M0.2732.48N/AN/A415,359112,1371,034,816644,194
2025-09-22$132.18$100.0084.8%24.5%82.4%0.0%87.2%-4.0%0.9%91.8M-5.36B-23.1M0.3223.81N/AN/A399,476126,169834,603491,147
2025-09-23$131.12$105.0082.6%22.8%82.2%0.0%81.8%-1.0%0.6%100.4M-5.23B-23.3M0.3829.88N/AN/A193,71274,294888,964540,423
2025-09-24$131.66$105.0082.8%24.0%81.6%0.0%83.9%-1.4%1.3%105.4M-5.31B-23.7M0.2726.94N/AN/A274,27573,803906,238566,481
2025-09-25$128.09$105.0086.2%24.4%81.5%0.0%86.8%-1.3%2.9%99.3M-4.81B-23.7M0.2727.79N/AN/A509,518138,514967,006590,111
2025-09-26$120.36$105.0085.2%23.9%84.2%0.0%84.0%-1.4%3.6%33.2M-3.09B-22.7M0.3026.14N/AN/A407,482120,5801,021,387620,277
2025-09-29$122.70$105.0086.8%23.9%84.1%0.0%84.4%0.0%2.6%65.6M-3.58B-23.7M0.3223.17N/AN/A177,20555,910951,173553,979
2025-09-30$137.09$105.0084.6%23.1%81.1%0.0%82.2%-1.1%4.1%126.1M-6.35B-25.9M0.3816.16N/AN/A464,931177,815986,134580,625