CRWV Options History — November 2025

In November 2025, CRWV traded between $70.25 and $126.37. ATM implied volatility averaged 95.2%, placing in the 31.8% IV rank vs the trailing year. The 30-day expected move averaged 27.8%. IV traded above realized volatility by 19.3% (HV 20d: 76.0%). Max pain ranged from $90.00 to $125.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.74.

Notable Days

2025-11-11: Highest Volume — 696,711 contracts
2025-11-11: Largest IV drop — 20.8% change
2025-11-10: Highest IV Rank — 45.1%
2025-11-04: Largest Expected Move — 32.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$87.51	$70.25	$126.37	$126.37	$72.50
Max Pain	$109.63	$90.00	$125.00	$125.00	$90.00
ATM IV	95.2%	84.5%	106.7%	98.1%	84.8%
Expected Move	27.8%	24.0%	32.7%	31.3%	25.2%
HV 20d	76.0%	65.7%	83.7%	69.1%	77.5%
HV 60d	82.3%	73.8%	91.5%	91.5%	80.4%
IV Rank	31.8%	19.4%	45.1%	35.2%	19.8%
IV Percentile	44.9%	21.4%	68.1%	52.6%	23.2%
Term Structure	-1.9%	-6.5%	1.9%	-1.7%	-2.2%
VWIV	97.7%	85.8%	115.1%	110.0%	86.8%
Skew 25d	3.7%	-3.3%	9.0%	1.7%	8.9%
Skew 10d	8.7%	-1.3%	21.6%	5.5%	12.8%
Call IV 25d	93.2%	80.3%	103.1%	97.4%	80.5%
Put IV 25d	96.8%	84.9%	106.7%	99.1%	89.4%
Bid-Ask Spread %	23.18	16.48	31.29	16.61	24.86
Gamma HHI	0.05	0.03	0.10	0.04	0.04
Net GEX	-6.5M	-36.8M	49.8M	49.8M	-5.2M
Net DEX	264.0M	-3.39B	1.87B	-3.39B	552.5M
Net VEX	-17.9M	-24.8M	-14.8M	-24.8M	-15.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.57	1.24	0.62	0.60
Total Volume	291,925.158	111,563	696,711	135,270	111,563
Total OI	1,738,244.158	1,463,858	1,987,963	1,463,858	1,781,384

Daily Data (19 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-11-03	$126.37	$125.00	98.1%	31.3%	69.1%	35.2%	110.0%	1.7%	-1.7%	49.8M	-3.39B	-24.8M	0.62	16.61	N/A	N/A	83,362	51,908	929,334	534,524
2025-11-04	$116.89	$125.00	98.5%	32.7%	72.8%	35.6%	115.1%	-3.3%	0.6%	12.3M	-1.88B	-23.2M	0.64	20.32	N/A	N/A	133,726	85,720	945,434	569,697
2025-11-05	$112.88	$123.00	99.2%	32.1%	65.7%	36.4%	113.0%	4.2%	1.9%	-4.1M	-1.32B	-22.5M	0.68	16.48	N/A	N/A	109,854	74,285	969,755	596,890
2025-11-06	$107.13	$120.00	103.6%	29.1%	66.4%	41.5%	101.4%	3.0%	-6.5%	-10.0M	-559.8M	-21.5M	0.82	27.87	N/A	N/A	147,689	120,387	988,321	624,630
2025-11-07	$103.95	$120.00	105.6%	29.1%	66.4%	43.8%	101.6%	5.5%	0.7%	-12.9M	-276.5M	-21.0M	0.96	22.16	N/A	N/A	108,484	104,147	1,034,874	643,049
2025-11-10	$104.97	$120.00	106.7%	29.1%	66.0%	45.1%	103.4%	3.7%	-4.3%	18.5M	-1.17B	-21.1M	0.63	21.92	N/A	N/A	228,379	142,884	927,455	589,723
2025-11-11	$89.07	$120.00	84.5%	24.0%	83.7%	19.4%	86.0%	1.7%	-1.7%	-25.0M	1.04B	-16.6M	0.72	23.72	N/A	N/A	405,715	290,996	1,027,656	679,719
2025-11-12	$85.86	$120.00	84.5%	24.1%	80.6%	19.4%	85.8%	-1.0%	-0.9%	-27.2M	1.15B	-16.8M	0.84	26.45	N/A	N/A	169,866	143,451	1,093,804	742,891
2025-11-13	$78.72	$120.00	88.2%	25.4%	81.9%	23.6%	90.9%	2.5%	-0.2%	-36.8M	1.87B	-15.2M	0.79	23.50	N/A	N/A	332,137	261,622	1,138,221	763,788
2025-11-14	$77.78	$110.00	97.3%	26.5%	82.0%	34.2%	93.2%	1.9%	-4.4%	-25.7M	1.55B	-16.2M	0.83	25.60	N/A	N/A	220,072	182,445	1,199,015	788,948
2025-11-17	$74.72	$105.00	97.4%	27.8%	80.8%	34.3%	99.2%	4.7%	-0.3%	-12.2M	1.25B	-15.6M	0.62	23.77	N/A	N/A	119,942	74,350	1,066,489	724,367
2025-11-18	$75.66	$105.00	99.6%	28.5%	82.0%	36.9%	99.2%	3.8%	-6.3%	-8.6M	1.03B	-16.1M	0.64	23.73	N/A	N/A	156,608	100,683	1,096,130	742,937
2025-11-19	$74.61	$100.00	99.6%	28.5%	82.1%	36.8%	99.2%	4.3%	-2.0%	-4.7M	983.7M	-16.1M	0.57	27.24	N/A	N/A	94,173	53,303	1,127,534	752,057
2025-11-20	$70.25	$100.00	99.2%	28.7%	81.8%	36.4%	98.9%	6.5%	-3.7%	-15.4M	1.43B	-14.8M	1.24	25.98	N/A	N/A	185,236	229,150	1,160,342	764,330
2025-11-21	$72.19	$97.50	98.8%	28.8%	76.2%	36.0%	103.5%	-3.3%	-4.3%	-10.1M	1.01B	-15.5M	0.78	31.29	N/A	N/A	261,103	203,553	1,180,742	737,771
2025-11-24	$73.41	$95.00	89.1%	26.1%	75.5%	24.7%	90.7%	7.6%	1.2%	-6.3M	627.3M	-15.8M	0.58	17.89	N/A	N/A	93,001	53,793	977,557	686,178
2025-11-25	$70.89	$95.00	89.7%	26.6%	74.8%	25.3%	92.8%	8.1%	-1.5%	-8.0M	786.3M	-15.2M	0.79	21.37	N/A	N/A	103,321	81,131	1,015,378	690,189
2025-11-26	$74.88	$92.50	84.7%	24.9%	77.9%	19.6%	86.3%	9.0%	0.2%	7.8M	333.7M	-16.2M	0.68	19.59	N/A	N/A	136,337	92,202	1,042,826	692,700
2025-11-28	$72.50	$90.00	84.8%	25.2%	77.5%	19.8%	86.8%	8.9%	-2.2%	-5.2M	552.5M	-15.4M	0.60	24.86	N/A	N/A	69,899	41,664	1,082,069	699,315