COAL Options History — January 2026

In January 2026, COAL traded between $23.10 and $33.03. ATM implied volatility averaged 50.6%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded below realized volatility by 13.6% (HV 20d: 64.2%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.43.

Notable Days

  • 2026-01-05: Highest Volume — 60 contracts
  • 2026-01-20: Largest IV spike — 102.5% change
  • 2026-01-20: Highest IV Rank — 58.8%
  • 2026-01-20: Largest Expected Move — 26.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.18$23.10$33.03$23.10$26.40
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV50.6%33.8%93.0%51.5%47.8%
Expected Move12.7%6.8%26.7%14.8%13.7%
HV 20d64.2%23.3%114.3%32.9%113.8%
HV 60d57.5%43.7%75.2%44.6%74.3%
IV Rank21.0%6.0%58.8%21.8%18.5%
IV Percentile38.2%9.4%96.2%42.8%37.8%
Term Structure-4.1%-22.7%25.0%-22.7%-11.5%
VWIV45.4%7.7%119.9%31.1%48.5%
Skew 25d1.3%-20.4%32.9%-7.8%32.9%
Skew 10d-1.0%-18.5%16.5%3.7%1.3%
Call IV 25d38.5%23.2%73.3%73.3%37.7%
Put IV 25d39.7%24.2%70.6%65.6%70.6%
Bid-Ask Spread %131.23120.37146.02146.02131.69
Gamma HHI0.210.180.270.210.23
Net GEX20.1K8.4K24.8K21.1K22.0K
Net DEX-682.6K-1.1M-423.4K-423.4K-708.3K
Net VEX-1.2K-1.6K-828-1.5K-954
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.003.000.400.50
Total Volume11.106070
Total OI440.4423487487435

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$23.10$25.0051.5%14.8%32.9%21.8%31.1%-7.8%-22.7%21.1K-423.4K-1.5K0.40146.02N/AN/A524825
2026-01-05$23.67$25.0053.6%14.6%29.0%23.7%0.0%-2.3%-2.6%18.9K-491.6K-1.6K0.00128.55N/AN/A6004775
2026-01-06$24.15$25.0050.3%10.7%25.2%20.7%0.0%-20.4%-4.1%20.3K-515.3K-1.4K0.04135.54N/AN/A2514415
2026-01-07$24.13$25.0056.4%14.3%24.4%26.2%0.0%0.2%3.7%18.2K-481.5K-1.5K0.00129.25N/AN/A014426
2026-01-08$24.62$25.0038.9%6.8%25.2%10.6%0.0%5.7%25.0%19.7K-537.1K-1.4K0.00141.56N/AN/A104427
2026-01-09$24.98$25.0076.1%8.9%23.3%43.8%0.0%-5.3%22.4%20.9K-577.9K-1.3K0.17140.95N/AN/A1834417
2026-01-12$25.73$25.0044.8%12.6%24.7%15.9%35.6%8.9%-4.5%17.7K-630.1K-1.4K0.06123.73N/AN/A17142310
2026-01-13$25.80$25.0073.2%9.3%24.7%41.1%0.0%19.0%13.2%23.1K-647.9K-1.1K0.00128.59N/AN/A3042611
2026-01-14$27.02$25.0037.3%10.7%28.2%9.1%7.7%9.2%-12.3%20.7K-800.0K-8280.00131.74N/AN/A39042611
2026-01-15$26.23$25.0047.3%13.6%29.8%18.1%40.4%-11.8%-19.4%19.4K-678.1K-1.2K0.20123.12N/AN/A10241211
2026-01-16$26.63$25.0045.9%13.2%29.9%16.8%0.0%-4.5%-17.9%24.8K-728.2K-1.0K3.00121.05N/AN/A1342213
2026-01-20$33.03$25.0093.0%26.7%79.5%58.8%119.9%27.5%0.0%8.4K-1.1M-1.5K0.20126.04N/AN/A514215
2026-01-21$26.84$25.0041.2%11.8%112.9%12.7%0.0%-10.0%-6.2%23.4K-768.2K-1.2K0.00138.06N/AN/A204246
2026-01-22$27.16$25.0036.1%10.3%112.5%8.1%39.7%-14.4%-0.5%20.5K-799.4K-1.2K2.00130.96N/AN/A364226
2026-01-23$27.55$25.0033.8%9.7%112.5%6.0%0.0%4.9%-2.3%22.5K-818.9K-1.1K0.00125.86N/AN/A2042112
2026-01-26$26.63$25.0042.6%12.2%113.5%13.9%40.1%-11.2%-12.5%19.7K-723.1K-1.1K0.67130.82N/AN/A3242312
2026-01-27$27.24$25.0047.6%13.7%113.5%18.4%48.5%11.2%-19.0%22.2K-797.7K-9470.00120.37N/AN/A0141913
2026-01-28$26.42$25.0047.8%13.7%114.3%18.5%0.0%-2.5%0.4%19.1K-701.1K-1.2K0.00135.52N/AN/A2041814
2026-01-29$26.22$25.0046.6%13.4%113.8%17.4%0.0%-3.8%-7.8%18.7K-707.0K-1.2K0.50135.20N/AN/A2141814
2026-01-30$26.40$25.0047.8%13.7%113.8%18.5%0.0%32.9%-11.5%22.0K-708.3K-9540.00131.69N/AN/A0042015