COIN Options History — December 2021

In December 2021, COIN traded between $237.74 and $300.55. ATM implied volatility averaged 64.2%, placing in the 55.6% IV rank vs the trailing year. The 30-day expected move averaged 18.4%. IV traded below realized volatility by 0.9% (HV 20d: 65.2%). Max pain ranged from $270.00 to $295.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.76.

Notable Days

2021-12-27: Highest Volume — 83,959 contracts
2021-12-03: Largest IV spike — 15.8% change
2021-12-03: Highest IV Rank — 84.8%
2021-12-03: Largest Expected Move — 22.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$261.95	$237.74	$300.55	$300.55	$252.71
Max Pain	$285.00	$270.00	$295.00	$290.00	$270.00
ATM IV	64.2%	59.0%	74.6%	64.8%	59.2%
Expected Move	18.4%	16.5%	22.7%	18.9%	16.5%
HV 20d	65.2%	52.0%	71.4%	52.0%	69.0%
HV 60d	57.2%	49.4%	61.5%	49.4%	60.5%
IV Rank	55.6%	40.7%	84.8%	57.2%	41.3%
IV Percentile	76.0%	53.1%	98.1%	82.6%	54.0%
Term Structure	0.3%	-0.7%	1.7%	0.3%	1.0%
VWIV	65.4%	59.4%	81.0%	67.5%	60.0%
Skew 25d	3.3%	0.3%	7.3%	3.3%	1.1%
Skew 10d	6.8%	-0.7%	15.3%	3.1%	2.0%
Call IV 25d	64.0%	59.7%	73.9%	64.4%	59.9%
Put IV 25d	67.3%	60.7%	80.3%	67.7%	61.0%
Bid-Ask Spread %	22.83	9.91	33.08	32.55	31.40
Gamma HHI	0.04	0.03	0.09	0.04	0.03
Net GEX	2.9M	-16.8M	31.1M	14.4M	2.8M
Net DEX	-65.1M	-1.13B	618.8M	-1.13B	86.8M
Net VEX	-13.6M	-16.2M	-11.9M	-16.2M	-13.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.76	0.36	1.18	0.41	0.81
Total Volume	58,595.864	39,142	83,959	61,775	42,265
Total OI	416,214.455	356,649	463,673	425,171	411,404

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2021-12-01	$300.55	$290.00	64.8%	18.9%	52.0%	57.2%	67.5%	3.3%	0.3%	14.4M	-1.13B	-16.2M	0.41	32.55	43,944	17,831	245,779	179,392
2021-12-02	$286.08	$295.00	64.4%	18.8%	53.7%	56.1%	66.3%	3.5%	0.7%	-2.7M	-453.2M	-15.4M	0.68	33.08	37,124	25,139	250,487	182,936
2021-12-03	$261.18	$290.00	74.6%	22.7%	60.8%	84.8%	81.0%	6.3%	-0.3%	-7.0M	385.1M	-14.3M	0.80	31.34	39,790	31,914	252,839	185,174
2021-12-06	$265.74	$290.00	69.5%	19.8%	61.7%	70.4%	70.2%	7.3%	0.4%	-309.1K	37.3M	-14.2M	0.95	9.91	28,862	27,292	235,644	176,017
2021-12-07	$285.36	$290.00	64.5%	18.4%	66.0%	56.4%	65.0%	7.0%	0.5%	14.4M	-704.5M	-15.1M	0.41	12.85	56,638	22,954	242,173	181,779
2021-12-08	$284.88	$290.00	62.6%	17.8%	65.8%	51.0%	63.2%	4.0%	0.4%	16.8M	-703.5M	-14.9M	0.90	14.67	20,569	18,573	248,348	185,726
2021-12-09	$262.18	$295.00	66.3%	19.0%	66.7%	61.3%	66.4%	4.1%	0.7%	-5.8M	231.8M	-13.8M	1.01	20.50	37,214	37,735	251,839	189,121
2021-12-10	$254.75	$290.00	64.1%	18.4%	65.5%	55.3%	65.5%	3.3%	0.2%	-3.8M	548.2M	-13.2M	0.93	23.64	41,226	38,323	257,669	194,181
2021-12-13	$250.99	$290.00	64.3%	18.4%	64.8%	56.0%	65.7%	3.9%	-0.2%	-6.3M	474.0M	-12.8M	0.92	21.34	27,487	25,367	246,763	185,985
2021-12-14	$256.40	$290.00	64.4%	18.3%	65.5%	56.0%	64.8%	3.9%	-0.4%	-1.7M	247.0M	-13.2M	0.69	21.47	30,039	20,861	251,567	191,150
2021-12-15	$256.78	$290.00	66.8%	19.0%	65.7%	63.0%	67.5%	3.4%	-0.2%	495.9K	166.0M	-13.3M	0.74	27.92	30,960	22,880	254,195	194,389
2021-12-16	$246.79	$290.00	67.3%	19.2%	65.6%	64.4%	67.6%	2.8%	-0.1%	-9.0M	511.9M	-12.7M	0.67	26.86	35,469	23,745	261,224	196,282
2021-12-17	$243.28	$290.00	67.3%	19.1%	63.8%	64.3%	67.5%	3.3%	-0.7%	-16.8M	618.8M	-12.5M	1.18	22.71	23,491	27,818	264,529	199,144
2021-12-20	$237.74	$290.00	68.6%	19.6%	62.6%	67.9%	69.4%	4.8%	0.3%	-8.1M	419.0M	-11.9M	1.00	17.14	20,501	20,525	197,892	158,757
2021-12-21	$245.62	$285.00	62.0%	17.8%	64.2%	49.3%	62.6%	4.0%	1.3%	-3.4M	195.3M	-12.3M	0.81	24.24	26,562	21,426	203,232	164,246
2021-12-22	$253.14	$275.00	59.8%	17.1%	66.0%	43.0%	61.0%	2.7%	0.0%	10.6M	-123.5M	-12.7M	0.68	24.18	27,462	18,701	211,748	167,695
2021-12-23	$268.17	$275.00	60.0%	17.2%	70.4%	43.6%	61.0%	1.5%	0.1%	24.6M	-755.1M	-13.6M	0.36	20.09	58,269	21,108	217,532	170,265
2021-12-27	$277.94	$275.00	61.5%	17.3%	71.3%	47.8%	62.5%	0.3%	-0.6%	31.1M	-1.01B	-13.9M	0.38	22.58	61,025	22,934	209,878	154,739
2021-12-28	$262.79	$275.00	61.9%	17.7%	70.5%	49.1%	62.4%	1.2%	1.3%	15.1M	-378.2M	-13.8M	0.85	20.39	35,231	30,026	220,985	162,195
2021-12-29	$252.13	$270.00	60.5%	17.1%	71.4%	45.1%	61.3%	0.8%	1.7%	-4.3M	71.0M	-13.3M	0.75	18.25	28,878	21,523	225,946	171,534
2021-12-30	$257.67	$275.00	59.0%	16.5%	70.6%	40.7%	59.4%	0.8%	0.5%	3.3M	-169.1M	-13.5M	0.79	25.20	21,980	17,448	228,849	175,489
2021-12-31	$252.71	$270.00	59.2%	16.5%	69.0%	41.3%	60.0%	1.1%	1.0%	2.8M	86.8M	-13.2M	0.81	31.40	23,290	18,975	230,752	180,652