18 consecutive sessions in contango (the normal upward slope).
Skew · risk reversal
25-delta5d old
-2.7 pts
own all (<3y) 27.1% · n=35
10-delta5d old
-0.6 pts
own all (<3y) 38.6% · n=35
Skew has been collected since 2026-07-30 only: the vendor serves no earlier history, so each percentile here is taken over all of it - the few weeks of readings there are, which the n beside it counts.
Smile by expiry: the 8 expiries within 120 DTE carrying the most open interest · book as of 2026-09-18
7d2026-09-25 · short
14d2026-10-02
Expiry window · 35–65 DTE
Next earnings: 2026-12-01 time unknown, stated by the vendor's estimate, first moves the 2026-12-01 session, no expected move served. As the vendor's calendar stood on 2026-09-22.
Book as of 2026-09-18: 2 sessions behind 2026-09-22: no CRWD chain statistics (net_gex) dated after 2026-09-18 are knowable as of 2026-09-22, and no ticker has newer ones. The strikes drawn below are 2026-09-18's rows as stored now; the levels and statistics are the readings dated 2026-09-18, computed from those rows when the readings were derived, and a fetch of 2026-09-18 after that can revise rows. Open interest is what entered 2026-09-18 (OCC's settlement of 2026-09-17), valued at the 2026-09-18 close.
net GEX · carried book
+$36.2m per 1%
own all (<3y) 54.6% · n=65
gamma flip
$208.38
flip within ±25% of book spot
flip distance
-2.23 ATR
own all (<3y) 39.2% · n=60
0DTE share of volume
not listed daily
book spot $237.65 (unadjusted close, 2026-09-18) · call wall $250.00 (+5.20% from book spot) · put wall $230.00 (-3.22% from book spot) · max pain $190.00 (-20.05% from book spot, 2026-10-16 monthly)
Each level is stored as a distance from the book's own spot, so each is drawn at $237.65 × (1 + that distance) - the 2026-09-18 unadjusted close, the price the chain was taken at. That is why two prices appear on this page. CRWD headlines , its newest unadjusted close, on ; the book was taken at on , because the book trails the page by the 2 sessions counted above. Both are closes, both are dated, and neither is adjusted. Recomputing a wall on the newer close would put it at a level this book never had, so none of these is: they are the 2026-09-18 book's levels, on the 2026-09-18 close.
low 31.7%243 sessions, all (<1y) · today 52.7%high 73.1%
━ 2026-09-22┅ 2026-08-21 (21 sessions earlier)◆ scheduled release, at the first tenor spanning it■ earnings, at the first session it can move (□ no expected move served)tenors in calendar days, log scale
Scheduled after the 2026-09-22 close, from the 2026-09-21 calendar snapshot (forecasts as they stood then). Each is marked with the shortest tenor, in calendar days, that spans it:
Wed 09-23 09:45 · 1d US Flash Services PMI (September) · f 55.9 · prev 56.8
Wed 09-23 09:45 · 1d US Flash Manufacturing PMI (September) · f 53.5 · prev 53.2
Thu 09-24 08:30 · 2d Economic Club of Washington, DC event with Federal Reserve Bank of Richmond President Thomas Barkin
Fri 09-25 08:30 · 3d Durable Goods (August) · f -0.3% · prev 1.1%
Fri 09-25 10:00 · 3d U. Michigan Final Consumer Survey (September) · f 47.1 · prev 51.7
Earnings: 2026-12-01 time unknown, stated by the vendor's estimate, first moves the 2026-12-01 session (70d on the tenor axis), no expected move served. As the vendor's calendar stood on 2026-09-22.
90-day IV
58.8%
own all (<3y) 82.5% · n=243
slope, 30d − 90d
-6.1 pts
own all (<3y) 8.4% · n=243
variance risk premium, 30d
-31.8 pts
own all (<3y) 12.4% · n=238
21d2026-10-09
28d2026-10-16
42d2026-10-30
63d2026-11-20
91d2026-12-18
119d2027-01-15
IV against strike, out-of-the-money side. Each window widens with √DTE, to ±25% at the longest expiry, so every panel shows a comparable slice of its smile; all share one IV scale (46%–61%), set by the expiries past 7 DTE.
DTE counts calendar days from 2026-09-22, the page's date and the earliest an entry could be made - not from the 2026-09-18 book the expiries and IVs come from, which would overstate it by 4 days; an expiry first listed after 2026-09-18 is not in the book and not here. A premarket report moves its own session and a postmarket one the next; one with no stated time is placed at the earlier of the two - or at the later, once the earlier is already in the 2026-09-22 close - so an expiry can be called spanning when it might not be, never the reverse. "spans +N": the expiry settles N calendar days after that session, and the line under it says whether the 28-DTE exit comes before it ("inside the exit": that date is already behind 2026-09-22, so it protects nothing); "clear N": it settles N days before it. Thesis = DTE − 28 (the hard exit is 21), cut to the last session before a report that comes first. Every expiry in the band is listed, and one that is not a third Friday is marked weekly — §1 of the trading rules admits no weeklies and no 0DTE, so those rows are context, not candidates; the mark is the calendar test on the date alone, and a monthly pulled back to a Thursday by a holiday carries it too. ATM IV is the vendor's at the 2026-09-18 close, on the out-of-the-money side of the listed strike nearest book spot: a display selection, not a statistic, read at that one strike, so "no IV at X" is about X and not about its neighbours. The expected move is the vendor's, for the report the expiry spans. Every row links to that expiry on the strike axis below.
$250.06
2026-09-22
$237.65
2026-09-18
Dashed: 7 DTE or less, where the vendor's gamma is noisy. "mp": the monthly max pain describes.
2028-01-21 is not an expiry on the 2026-09-18 book; showing 2026-10-16.
Tradability of the 2026-10-16 expiry: 24 calendar days from 2026-09-22 (28 from the book date), outside the owner's 35–65 DTE entry window. Spreads are the NBBO stored with the 2026-09-18 chain snapshot - not a live quote, and not DESIGN J's quote at a trade (per-trade quotes are not collected) - as a percent of mid; a zero or missing bid, or a crossed quote, is drawn as × for no two-sided quote. The owner's floors are marked and filter nothing: spread 10% of mid, OI 500, and the strike nearest 0.20 delta on each side - call 270 (Δ 0.21), put 212.5 (Δ -0.19).
call put OI carried through 2026-09-17 · opened by 2026-09-17's trading · closed by it / net GEX long / short gammabook spotcall wallput wallmax paingamma flipfloors, marked not filtered: spread 10% of mid · OI 500 · ▸◂ strike nearest 0.20 delta, beside the spread panel · × no two-sided quote · | spread past 25%
2026-10-16 expiry, 45 strikes within ±25% of book spot (the flip search band); 62 hidden (6 above, 56 below), 62 of them with open interest. One row per listed strike: rows are evenly spaced, prices are not. Net GEX is this expiry's alone (+$10.0m per 1% in all); the walls, flip and headline sum every carried expiry. Volume is 2026-09-18's own - whether it opened positions shows in the 2026-09-21 book's change.
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