CRWV Options History — December 2025

In December 2025, CRWV traded between $65.25 and $90.90. ATM implied volatility averaged 82.5%, placing in the 17.0% IV rank vs the trailing year. The 30-day expected move averaged 23.9%. IV traded below realized volatility by 8.2% (HV 20d: 90.7%). Max pain ranged from $82.50 to $95.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.91.

Notable Days

2025-12-19: Highest Volume — 697,592 contracts
2025-12-22: Largest IV drop — 6.9% change
2025-12-17: Highest IV Rank — 24.3%
2025-12-01: Largest Expected Move — 26.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$79.05	$65.25	$90.90	$77.27	$70.97
Max Pain	$88.98	$82.50	$95.00	$90.00	$82.50
ATM IV	82.5%	76.1%	88.8%	86.3%	78.4%
Expected Move	23.9%	21.9%	26.2%	26.2%	21.9%
HV 20d	90.7%	69.6%	108.9%	82.8%	105.6%
HV 60d	81.4%	75.3%	90.4%	81.4%	86.9%
IV Rank	17.0%	9.6%	24.3%	21.4%	12.3%
IV Percentile	19.0%	8.3%	33.5%	27.0%	11.6%
Term Structure	1.1%	-2.3%	4.6%	-2.3%	3.8%
VWIV	84.4%	78.5%	91.6%	91.6%	79.1%
Skew 25d	4.6%	0.4%	8.0%	7.3%	4.4%
Skew 10d	10.8%	5.2%	22.5%	18.1%	7.4%
Call IV 25d	80.7%	76.7%	88.0%	82.6%	78.0%
Put IV 25d	85.4%	79.6%	92.7%	89.9%	82.4%
Bid-Ask Spread %	16.64	8.84	29.55	10.58	11.41
Gamma HHI	0.05	0.03	0.07	0.04	0.06
Net GEX	12.9M	-22.8M	49.0M	5.2M	-9.1M
Net DEX	-336.1M	-1.64B	1.25B	153.4M	434.9M
Net VEX	-18.4M	-21.7M	-15.1M	-16.3M	-16.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.91	0.49	1.97	0.54	1.74
Total Volume	230,202.227	95,738	697,592	179,318	192,280
Total OI	1,860,942.5	1,672,491	2,101,341	1,672,491	1,847,659

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-12-01	$77.27	$90.00	86.3%	26.2%	82.8%	21.4%	91.6%	7.3%	-2.3%	5.2M	153.4M	-16.3M	0.54	10.58	N/A	N/A	116,104	63,214	1,004,346	668,145
2025-12-02	$77.11	$90.00	83.6%	25.8%	82.1%	18.3%	90.3%	7.7%	4.6%	10.4M	97.4M	-16.4M	0.49	10.29	N/A	N/A	163,438	80,412	1,039,112	685,524
2025-12-03	$78.83	$90.00	82.9%	24.8%	81.1%	17.5%	86.5%	0.4%	1.3%	15.6M	-25.7M	-16.8M	0.95	12.66	N/A	N/A	73,065	69,598	1,079,268	692,869
2025-12-04	$86.23	$95.00	82.0%	24.0%	89.6%	16.5%	84.6%	6.4%	3.1%	40.0M	-1.13B	-18.7M	0.65	21.18	N/A	N/A	217,946	142,012	1,093,599	700,512
2025-12-05	$88.07	$95.00	83.9%	24.1%	89.2%	18.7%	84.1%	4.4%	1.3%	49.0M	-1.36B	-19.2M	0.56	22.76	N/A	N/A	135,920	75,670	1,126,069	717,484
2025-12-08	$86.24	$95.00	85.1%	24.5%	89.0%	20.1%	87.5%	6.9%	1.0%	24.1M	-751.1M	-18.2M	0.55	23.24	N/A	N/A	160,525	88,705	1,053,980	671,986
2025-12-09	$90.90	$92.50	83.4%	24.2%	91.5%	18.1%	84.6%	4.3%	1.1%	39.5M	-1.64B	-20.9M	0.54	19.23	N/A	N/A	117,990	63,642	1,118,094	715,362
2025-12-10	$88.73	$92.50	82.1%	23.9%	70.8%	16.6%	83.5%	5.5%	2.2%	34.6M	-1.28B	-20.4M	0.60	29.55	N/A	N/A	92,613	55,283	1,129,629	733,614
2025-12-11	$87.53	$92.50	81.7%	23.4%	69.6%	16.1%	84.8%	8.0%	0.1%	36.7M	-1.13B	-20.3M	1.12	26.96	N/A	N/A	106,263	118,735	1,150,341	750,284
2025-12-12	$78.97	$92.50	81.0%	23.3%	72.5%	15.3%	82.6%	5.6%	1.0%	-354.0K	124.7M	-18.0M	0.95	25.54	N/A	N/A	179,080	170,535	1,167,287	753,108
2025-12-15	$72.68	$90.00	85.1%	24.5%	78.2%	20.0%	85.4%	4.5%	-2.0%	-10.8M	695.7M	-16.4M	1.04	15.70	N/A	N/A	98,563	102,438	1,107,210	747,362
2025-12-16	$69.26	$90.00	83.8%	24.0%	78.8%	18.5%	84.4%	5.2%	-0.5%	-17.3M	1.01B	-15.6M	1.42	11.90	N/A	N/A	95,367	134,942	1,130,912	766,064
2025-12-17	$65.25	$90.00	88.8%	25.5%	80.9%	24.3%	91.1%	4.7%	-1.2%	-22.8M	1.25B	-15.1M	0.77	10.99	N/A	N/A	172,347	132,281	1,157,634	790,038
2025-12-18	$68.04	$90.00	85.9%	24.7%	82.7%	21.0%	86.8%	4.3%	-0.9%	-15.1M	807.3M	-16.8M	1.97	14.74	N/A	N/A	118,219	232,809	1,243,931	807,411
2025-12-19	$83.08	$85.00	85.5%	24.5%	107.4%	20.5%	86.4%	1.8%	-0.5%	36.3M	-1.60B	-21.6M	0.62	14.96	N/A	N/A	431,643	265,949	1,288,672	812,669
2025-12-22	$84.59	$85.00	79.6%	22.9%	107.2%	13.7%	82.9%	3.5%	0.8%	30.7M	-1.38B	-21.7M	0.67	14.38	N/A	N/A	109,987	73,545	1,100,855	728,512
2025-12-23	$80.69	$85.00	78.0%	22.3%	108.9%	11.8%	79.6%	1.8%	2.9%	18.5M	-783.2M	-20.5M	0.62	16.80	N/A	N/A	84,981	52,574	1,132,635	740,789
2025-12-24	$78.88	$85.00	76.1%	22.4%	108.4%	9.6%	78.5%	2.9%	4.3%	10.6M	-581.2M	-20.1M	1.17	14.13	N/A	N/A	44,164	51,574	1,156,837	755,553
2025-12-26	$76.37	$85.00	79.9%	22.8%	107.5%	14.0%	80.4%	3.5%	0.2%	4.0M	-207.4M	-19.0M	0.90	15.60	N/A	N/A	88,953	79,686	1,165,307	760,216
2025-12-29	$75.33	$82.50	82.1%	23.6%	107.0%	16.6%	83.5%	4.2%	1.5%	3.7M	-111.1M	-18.5M	0.70	14.63	N/A	N/A	59,033	41,363	1,097,124	718,274
2025-12-30	$74.16	$82.50	79.2%	22.6%	104.6%	13.3%	79.6%	4.5%	2.7%	239.4K	5.3M	-17.9M	1.42	8.84	N/A	N/A	45,843	65,158	1,106,569	727,889
2025-12-31	$70.97	$82.50	78.4%	21.9%	105.6%	12.3%	79.1%	4.4%	3.8%	-9.1M	434.9M	-16.9M	1.74	11.41	N/A	N/A	70,107	122,173	1,111,610	736,049