COIN Options History — March 2022

In March 2022, COIN traded between $153.76 and $206.56. ATM implied volatility averaged 72.0%, placing in the 59.1% IV rank vs the trailing year. The 30-day expected move averaged 21.7%. IV traded below realized volatility by 17.3% (HV 20d: 89.3%). Max pain ranged from $190.00 to $210.00. Net GEX was positive for 15 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.73.

Notable Days

2022-03-01: Highest Volume — 95,962 contracts
2022-03-16: Largest IV drop — 10.5% change
2022-03-07: Highest IV Rank — 88.4%
2022-03-07: Largest Expected Move — 27.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$179.58	$153.76	$206.56	$196.12	$190.58
Max Pain	$199.35	$190.00	$210.00	$210.00	$195.00
ATM IV	72.0%	62.5%	85.6%	77.0%	64.3%
Expected Move	21.7%	19.1%	27.5%	23.2%	19.5%
HV 20d	89.3%	79.4%	96.7%	80.9%	85.9%
HV 60d	76.6%	70.4%	80.8%	72.6%	80.8%
IV Rank	59.1%	38.8%	88.4%	69.9%	42.6%
IV Percentile	78.3%	57.2%	96.8%	89.8%	63.4%
Term Structure	-0.1%	-1.8%	2.1%	-0.7%	1.1%
VWIV	75.8%	67.3%	93.9%	83.0%	69.5%
Skew 25d	8.3%	4.0%	11.6%	8.8%	4.2%
Skew 10d	17.0%	7.3%	24.1%	16.9%	8.5%
Call IV 25d	68.9%	61.4%	80.0%	73.8%	63.0%
Put IV 25d	77.2%	65.7%	91.5%	82.6%	67.2%
Bid-Ask Spread %	16.49	9.84	24.07	24.07	20.22
Gamma HHI	0.04	0.03	0.07	0.04	0.04
Net GEX	6.5M	-7.6M	26.6M	15.0M	9.0M
Net DEX	300.9M	-602.3M	956.8M	-49.3M	9.2M
Net VEX	-9.8M	-11.5M	-8.0M	-11.5M	-10.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.73	0.31	1.25	0.41	0.79
Total Volume	57,221.261	36,504	95,962	95,962	40,795
Total OI	374,303.304	312,475	411,905	385,674	363,305

Daily Data (23 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
2022-03-01	$196.12	$210.00	77.0%	23.2%	80.9%	69.9%	83.0%	8.8%	-0.7%	15.0M	-49.3M	-11.5M	0.41	24.07	67,977	27,985	221,427	164,247
2022-03-02	$195.82	$210.00	73.5%	21.8%	79.7%	62.4%	76.5%	10.7%	-1.4%	16.8M	7.7M	-11.3M	0.56	13.85	23,391	13,207	228,982	168,178
2022-03-03	$177.67	$210.00	75.5%	23.4%	84.5%	66.8%	79.9%	9.4%	0.4%	-2.4M	597.8M	-9.9M	0.88	15.35	28,578	25,276	230,071	169,598
2022-03-04	$164.32	$210.00	82.5%	24.9%	88.2%	81.8%	86.5%	9.8%	0.2%	-5.6M	956.8M	-8.9M	1.25	9.84	30,779	38,510	231,907	172,810
2022-03-07	$161.19	$205.00	85.6%	27.5%	82.8%	88.4%	93.9%	11.5%	-1.8%	-6.2M	844.7M	-8.6M	0.80	12.86	31,524	25,350	211,575	161,944
2022-03-08	$162.12	$200.00	83.0%	26.3%	79.4%	82.9%	91.1%	11.0%	-0.5%	-6.0M	833.3M	-8.8M	1.07	11.65	20,589	21,995	220,093	165,891
2022-03-09	$180.54	$200.00	74.7%	23.3%	89.9%	65.0%	81.8%	11.6%	-0.4%	5.0M	379.7M	-10.0M	0.62	18.51	43,052	26,643	222,870	167,299
2022-03-10	$172.27	$200.00	76.1%	23.0%	89.8%	68.0%	79.7%	10.7%	-0.7%	-1.7M	649.3M	-9.4M	0.95	15.78	20,979	19,833	229,178	172,540
2022-03-11	$160.98	$200.00	79.1%	24.5%	91.2%	74.6%	83.5%	10.4%	-0.5%	-6.1M	905.4M	-8.5M	1.14	13.37	25,574	29,263	230,574	173,788
2022-03-14	$153.76	$200.00	83.3%	23.2%	90.7%	83.5%	80.4%	11.5%	-1.2%	-7.6M	924.4M	-8.0M	1.00	18.29	24,426	24,543	218,135	163,691
2022-03-15	$154.80	$200.00	81.2%	22.9%	90.8%	78.9%	78.9%	11.1%	-1.3%	-7.2M	894.1M	-8.0M	0.87	20.29	19,559	16,945	224,879	166,875
2022-03-16	$171.64	$200.00	72.7%	21.4%	96.3%	60.6%	75.8%	10.2%	-0.8%	1.4M	515.3M	-9.1M	0.68	20.48	41,066	28,051	229,940	169,023
2022-03-17	$176.59	$200.00	68.6%	20.3%	96.7%	51.9%	68.9%	9.3%	-0.8%	7.6M	371.3M	-9.5M	0.60	18.25	30,636	18,469	236,227	171,993
2022-03-18	$182.85	$200.00	64.0%	19.1%	92.8%	41.9%	67.8%	7.6%	0.4%	6.1M	120.2M	-9.7M	0.66	15.20	42,984	28,208	239,109	172,796
2022-03-21	$176.26	$200.00	66.4%	19.5%	93.6%	47.2%	67.3%	7.3%	0.2%	4.6M	292.6M	-9.2M	0.72	20.77	28,642	20,739	175,314	137,161
2022-03-22	$186.69	$200.00	63.6%	19.2%	92.2%	41.2%	67.7%	6.9%	0.4%	14.7M	3.8M	-10.0M	0.45	17.03	41,774	18,922	183,313	144,015
2022-03-23	$183.81	$190.00	64.6%	19.3%	92.1%	43.2%	68.7%	6.1%	0.6%	12.5M	89.0M	-9.9M	0.74	17.69	23,066	17,110	190,237	148,179
2022-03-24	$189.86	$190.00	63.8%	19.3%	91.3%	41.6%	68.9%	4.9%	0.5%	23.7M	-131.8M	-10.4M	0.43	15.72	46,348	20,139	193,774	150,563
2022-03-25	$187.40	$190.00	65.1%	19.5%	90.6%	44.3%	67.5%	5.2%	0.6%	13.3M	-28.0M	-10.2M	0.31	17.05	59,170	18,574	199,700	154,944
2022-03-28	$202.59	$190.00	65.4%	19.5%	90.9%	44.9%	70.4%	4.7%	0.6%	19.8M	-461.1M	-11.2M	0.44	15.41	55,328	24,140	187,164	143,657
2022-03-29	$206.56	$190.00	62.5%	19.1%	90.4%	38.8%	67.3%	4.1%	0.9%	26.6M	-602.3M	-11.3M	0.66	12.44	38,647	25,535	197,213	148,946
2022-03-30	$195.91	$195.00	63.0%	19.3%	92.5%	39.7%	67.7%	4.0%	2.1%	16.2M	-200.2M	-10.7M	0.67	15.14	25,028	16,740	200,866	154,985
2022-03-31	$190.58	$195.00	64.3%	19.5%	85.9%	42.6%	69.5%	4.2%	1.1%	9.0M	9.2M	-10.4M	0.79	20.22	22,731	18,064	204,307	158,998