With the help of band structure calculations (LSDA + U) a clear pictur
e of the physics behind the metallic ferromagnetic properties of CrO2
is revealed. It is concluded that CrO2 is a negative charge transfer g
ap material which leads to self-doping and explains why it is a metal
in spite of the large Coulomb interactions. We find that there exist i
n CrO2 both localized and itinerant d electrons, resulting in ferromag
netic ordering due to double exchange similar to colossal magnetoresis
tance manganates.