COAL Options History — November 2025

In November 2025, COAL traded between $20.95 and $23.59. ATM implied volatility averaged 62.4%. The 30-day expected move averaged 17.7%. IV traded above realized volatility by 14.1% (HV 20d: 48.3%). Max pain ranged from $20.00 to $23.00. Net GEX was positive for 7 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.46.

Notable Days

  • 2025-11-21: Highest Volume — 211 contracts
  • 2025-11-21: Largest IV spike — 75.8% change
  • 2025-11-21: Largest Expected Move — 39.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.39$20.95$23.59$22.98$21.69
Max Pain$21.84$20.00$23.00$23.00$20.00
ATM IV62.4%30.5%139.3%31.1%45.9%
Expected Move17.7%8.8%39.9%8.9%13.2%
HV 20d48.3%43.6%58.7%45.0%53.9%
HV 60d55.2%50.9%58.0%56.9%51.3%
Term Structure-4.4%-55.9%36.7%17.7%-32.3%
VWIV43.1%16.9%59.3%30.4%59.3%
Skew 25d50.2%-14.0%230.6%-6.4%-0.6%
Skew 10d56.3%-35.2%242.6%-0.4%17.3%
Call IV 25d40.1%26.6%71.9%38.2%43.6%
Put IV 25d90.3%25.7%302.4%31.8%43.0%
Bid-Ask Spread %127.92107.86143.42115.19143.42
Gamma HHI0.230.140.370.280.17
Net GEX-3.3K-20.5K19.7K-12.6K15.6K
Net DEX-275.0K-489.6K102.5K-347.0K-436.4K
Net VEX-2.8K-3.5K-2.0K-3.5K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.002.900.710.00
Total Volume24.4210211120
Total OI1,505.1581,1191,6391,6001,136

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$22.98$23.0031.1%8.9%45.0%0.0%30.4%-6.4%17.7%-12.6K-347.0K-3.5K0.71115.19N/AN/A751,057543
2025-11-04$22.27$23.0031.6%9.1%46.0%0.0%42.2%10.3%26.9%-14.5K-95.3K-3.2K0.00126.32N/AN/A1201,058538
2025-11-05$22.31$23.0030.5%8.8%45.9%0.0%0.0%0.1%17.0%-18.8K-46.9K-2.9K0.00107.86N/AN/A1101,059538
2025-11-06$22.88$22.0033.6%10.3%46.3%0.0%0.0%6.7%-8.2%-11.4K-308.3K-3.4K0.00117.00N/AN/A001,070538
2025-11-07$22.83$22.0033.2%14.3%46.2%0.0%0.0%15.0%-10.4%-13.2K-322.5K-3.5K0.00116.87N/AN/A001,070538
2025-11-10$23.17$22.0046.6%9.5%44.2%0.0%0.0%-14.0%3.5%-16.1K-389.7K-3.2K0.00113.61N/AN/A501,070538
2025-11-11$23.59$22.0057.9%11.7%44.7%0.0%0.0%-1.7%4.8%-4.2K-489.6K-2.7K0.00118.67N/AN/A201,066538
2025-11-12$23.23$22.0073.7%21.1%43.6%0.0%57.9%11.8%-41.0%-19.4K-444.1K-2.9K1.11128.31N/AN/A9101,066538
2025-11-13$22.43$22.0065.6%18.8%43.8%0.0%0.0%76.6%-2.4%-7.3K-197.9K-3.5K0.00132.26N/AN/A1201,074548
2025-11-14$23.16$22.0073.8%21.2%45.2%0.0%0.0%67.2%-14.3%1.8K-402.9K-2.8K0.00136.04N/AN/A001,088548
2025-11-17$22.29$22.0072.8%20.9%45.9%0.0%16.9%103.1%-7.7%-8.8K-145.8K-3.0K0.00135.41N/AN/A701,088548
2025-11-18$22.96$22.0060.5%17.3%44.4%0.0%49.9%104.3%36.7%7.3K-363.7K-3.2K2.90133.05N/AN/A21611,091548
2025-11-19$21.68$22.0061.0%17.5%48.3%0.0%58.6%230.6%-14.7%-20.5K-32.3K-2.0K1.00135.39N/AN/A30301,092509
2025-11-20$21.18$22.0079.2%22.7%46.6%0.0%0.0%77.7%-17.3%-3.0K102.5K-2.2K0.00141.86N/AN/A0101,077486
2025-11-21$22.58$22.00139.3%39.9%52.3%0.0%0.0%64.4%16.4%18.2K-212.7K-2.2K0.31139.22N/AN/A161501,077479
2025-11-24$20.95$21.00102.4%29.3%58.5%0.0%29.6%92.1%-55.9%12.6K-269.9K-2.2K0.00132.48N/AN/A100842277
2025-11-25$21.34$21.0079.2%22.7%58.1%0.0%59.3%95.0%-12.5%12.6K-351.7K-2.4K0.00138.75N/AN/A110852277
2025-11-26$21.86$20.0067.3%19.3%58.7%0.0%0.0%20.8%10.6%19.7K-470.9K-2.4K0.00118.68N/AN/A00859277
2025-11-28$21.69$20.0045.9%13.2%53.9%0.0%0.0%-0.6%-32.3%15.6K-436.4K-2.2K0.00143.42N/AN/A00859277