COAL Options History — March 2026

In March 2026, COAL traded between $24.98 and $28.33. ATM implied volatility averaged 53.8%, placing in the 23.9% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded above realized volatility by 14.8% (HV 20d: 39.0%). Max pain ranged from $20.00 to $27.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.13.

Notable Days

  • 2026-03-24: Highest Volume — 485 contracts
  • 2026-03-30: Largest IV spike — 56.9% change
  • 2026-03-30: Highest IV Rank — 48.9%
  • 2026-03-30: Largest Expected Move — 23.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.89$24.98$28.33$25.27$27.62
Max Pain$24.52$20.00$27.00$20.00$27.00
ATM IV53.8%38.0%81.9%53.1%61.8%
Expected Move14.5%10.7%23.5%15.2%17.7%
HV 20d39.0%33.3%44.8%44.6%33.3%
HV 60d71.8%71.0%72.4%72.4%72.1%
IV Rank23.9%9.8%48.9%23.2%31.0%
IV Percentile51.6%14.7%93.1%53.3%74.0%
Term Structure-4.2%-36.3%11.1%-1.9%-13.7%
VWIV50.6%23.1%91.9%23.1%66.7%
Skew 25d1.5%-20.9%20.1%4.2%6.3%
Skew 10d1.8%-52.5%44.1%-52.5%3.8%
Call IV 25d52.4%34.9%74.4%58.1%59.3%
Put IV 25d54.0%32.6%82.7%62.3%65.7%
Bid-Ask Spread %91.6149.75133.89124.8372.00
Gamma HHI0.260.190.350.320.31
Net GEX47.5K18.9K115.3K23.8K115.3K
Net DEX-1.3M-3.0M-574.8K-603.6K-2.8M
Net VEX-5.1K-15.2K-792-792-15.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.130.001.391.390.05
Total Volume144.8124852274
Total OI1,251.4294303,0044303,004

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$25.27$20.0053.1%15.2%44.6%23.2%23.1%4.2%-1.9%23.8K-603.6K-7920.00124.83N/AN/A0241812
2026-03-03$25.49$20.0057.0%16.3%44.8%26.7%55.0%8.4%-3.2%18.9K-619.0K-9191.39120.92N/AN/A233241814
2026-03-04$26.16$20.0043.0%12.3%43.7%14.3%43.0%-3.7%11.1%21.8K-721.5K-1.0K0.33116.59N/AN/A3143946
2026-03-05$25.68$25.0052.7%11.9%39.0%22.9%0.0%20.1%2.3%24.3K-673.1K-8640.00129.22N/AN/A35044147
2026-03-06$24.98$25.0057.4%15.9%37.1%27.0%0.0%-2.1%-18.3%19.5K-574.8K-9890.00129.70N/AN/A29044947
2026-03-09$25.77$25.0050.1%12.4%38.4%20.5%49.8%-12.7%-6.4%22.2K-731.2K-9650.14132.19N/AN/A28445847
2026-03-10$26.01$24.0051.6%20.8%38.1%22.0%32.3%-3.5%-14.7%23.1K-746.7K-9790.00129.46N/AN/A62046551
2026-03-11$26.91$24.0038.0%10.9%37.9%9.8%0.0%-14.4%3.6%33.3K-915.8K-9120.02133.89N/AN/A45151451
2026-03-12$27.20$24.0044.4%12.7%37.2%15.5%57.1%-19.9%-3.9%24.9K-976.5K-1.1K0.0173.96N/AN/A79152950
2026-03-13$26.59$25.0042.0%15.9%37.0%13.4%37.2%-2.9%2.5%30.8K-999.3K-1.3K0.0079.13N/AN/A43058249
2026-03-16$26.48$25.0060.6%12.6%37.0%29.9%0.0%16.3%-6.7%31.4K-964.3K-1.3K0.0777.42N/AN/A14159249
2026-03-18$27.70$25.0075.9%13.5%40.0%43.6%58.3%18.7%-1.9%39.1K-1.3M-4.0K0.0265.68N/AN/A21751,30352
2026-03-19$27.54$25.0054.1%13.7%39.8%24.1%55.1%8.6%-4.8%50.9K-1.5M-5.5K0.0377.82N/AN/A28691,51156
2026-03-20$27.11$25.0047.5%10.7%38.8%18.3%34.5%-20.9%6.2%66.6K-1.7M-6.9K0.0075.87N/AN/A20001,75763
2026-03-23$27.88$25.0059.3%10.7%39.2%28.8%80.2%-19.6%-1.7%50.7K-1.2M-7.0K0.0165.91N/AN/A14411,55438
2026-03-24$28.30$25.0046.6%13.0%38.6%17.5%39.0%6.0%-7.3%56.4K-1.4M-7.7K0.0054.96N/AN/A48321,66239
2026-03-25$27.89$25.0043.2%12.6%39.2%14.4%42.9%15.0%3.1%72.1K-1.9M-10.3K0.4849.75N/AN/A65312,01341
2026-03-26$27.94$27.0057.2%16.4%39.2%26.9%38.3%16.4%6.2%79.7K-2.0M-11.4K0.0171.92N/AN/A48142,00872
2026-03-27$28.33$27.0052.2%15.0%38.6%22.4%54.9%6.3%-3.1%85.3K-2.6M-13.7K0.0069.73N/AN/A12502,43776
2026-03-30$27.89$27.0081.9%23.5%36.4%48.9%91.9%5.0%-36.3%106.6K-3.0M-15.2K0.0172.87N/AN/A30832,75076
2026-03-31$27.62$27.0061.8%17.7%33.3%31.0%66.7%6.3%-13.7%115.3K-2.8M-15.0K0.0572.00N/AN/A262122,92678