COIN Options History — September 2021

In September 2021, COIN traded between $225.99 and $277.82. ATM implied volatility averaged 48.3%. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 7.8% (HV 20d: 40.5%). Max pain ranged from $250.00 to $260.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.69.

Notable Days

  • 2021-09-03: Highest Volume — 144,399 contracts
  • 2021-09-20: Largest IV spike — 17.7% change
  • 2021-09-20: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$246.11$225.99$277.82$264.63$227.28
Max Pain$256.43$250.00$260.00$255.00$250.00
ATM IV48.3%44.9%52.8%50.0%48.6%
Expected Move13.8%12.9%15.0%14.0%13.7%
HV 20d40.5%31.8%53.5%53.5%31.8%
HV 60d54.2%49.2%56.5%55.4%49.2%
Term Structure0.5%-0.4%2.1%1.0%1.2%
VWIV49.9%46.3%53.8%50.6%48.9%
Skew 25d3.0%-1.7%6.9%0.9%3.7%
Skew 10d7.5%-2.3%16.5%1.2%8.2%
Call IV 25d48.2%44.3%51.5%50.4%47.9%
Put IV 25d51.2%48.0%57.9%51.2%51.6%
Bid-Ask Spread %19.1313.1129.6918.5720.00
Gamma HHI0.050.030.100.090.06
Net GEX9.0M-28.0M93.0M58.7M-28.0M
Net DEX-254.0M-2.30B500.4M-1.30B474.6M
Net VEX-12.2M-13.7M-11.3M-13.4M-11.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.201.170.310.74
Total Volume61,24323,188144,399105,14928,204
Total OI373,851.476314,129426,296371,595364,724

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-09-01$264.63$255.0050.0%14.0%53.5%0.0%50.6%0.9%1.0%58.7M-1.30B-13.4M0.3118.5780,55024,599220,322151,273
2021-09-02$267.82$260.0047.8%14.1%51.7%0.0%50.5%0.6%0.1%76.8M-1.51B-13.5M0.2013.2284,84917,287224,583155,386
2021-09-03$277.82$260.0048.0%14.1%52.5%0.0%50.8%-1.7%0.6%93.0M-2.30B-13.7M0.3613.11106,09938,300238,134159,669
2021-09-07$267.20$260.0049.8%14.5%46.7%0.0%52.2%0.2%0.9%60.5M-1.34B-13.2M0.5614.1560,67834,101218,592145,869
2021-09-08$258.94$260.0049.6%14.2%46.5%0.0%51.3%1.4%-0.1%36.7M-758.5M-12.5M0.7813.1557,36044,957227,964150,570
2021-09-09$256.91$260.0047.7%13.9%45.0%0.0%49.5%1.5%1.1%29.4M-573.5M-12.6M0.4215.2951,90421,792241,483162,152
2021-09-10$249.28$260.0048.5%13.9%38.8%0.0%49.6%2.9%0.5%-6.1M-49.4M-12.4M0.6616.6042,49728,119250,335175,041
2021-09-13$243.62$260.0049.7%14.2%39.2%0.0%51.4%3.2%0.7%-2.6M62.3M-11.8M0.6818.0040,80127,730221,075162,120
2021-09-14$243.09$260.0049.8%14.3%39.1%0.0%52.4%3.2%0.5%-6.7M109.9M-12.0M0.6816.8526,24717,926225,784168,425
2021-09-15$247.28$260.0047.6%13.7%38.3%0.0%49.3%2.2%0.6%508.7K-88.9M-12.3M0.5813.5121,57412,579231,868175,492
2021-09-16$244.14$260.0046.4%13.3%37.9%0.0%47.8%2.8%-0.4%-5.0M87.5M-12.2M0.6718.6026,95718,043238,220183,012
2021-09-17$244.03$260.0044.9%12.9%37.8%0.0%46.3%3.8%-0.4%-5.4M110.2M-12.1M0.8819.0928,87125,415241,816184,480
2021-09-20$235.62$260.0052.8%15.0%37.3%0.0%53.8%6.4%-0.0%-8.0M143.4M-11.7M0.9621.0228,49427,370170,338143,791
2021-09-21$238.89$255.0049.6%14.1%37.8%0.0%50.5%6.9%0.2%-8.9M94.3M-11.9M0.8724.6316,81814,628177,049149,166
2021-09-22$241.75$255.0047.4%13.3%38.2%0.0%49.1%5.5%0.9%-3.4M-34.1M-12.1M0.9923.9613,05012,878183,363160,142
2021-09-23$238.47$250.0047.2%13.2%38.3%0.0%48.8%4.3%0.2%-9.9M103.5M-11.9M0.6129.6927,09316,524187,047165,955
2021-09-24$232.80$250.0046.7%13.3%37.7%0.0%48.3%4.9%0.4%-24.8M356.9M-11.5M1.1722.6428,57433,568190,740166,550
2021-09-27$232.00$250.0046.2%13.1%34.4%0.0%47.2%3.4%-0.3%-14.7M271.2M-11.3M0.8724.2319,98617,407177,788154,344
2021-09-28$230.84$250.0048.8%13.9%33.5%0.0%50.6%4.5%0.1%-17.5M307.9M-11.5M0.7523.4313,2649,924183,515162,817
2021-09-29$225.99$250.0047.6%13.6%33.7%0.0%48.3%2.1%2.1%-26.4M500.4M-11.3M0.8222.0121,47917,607190,026169,861
2021-09-30$227.28$250.0048.6%13.7%31.8%0.0%48.9%3.7%1.2%-28.0M474.6M-11.3M0.7420.0016,25411,950191,776172,948