COIN Options History — February 2023

In February 2023, COIN traded between $56.12 and $79.82. ATM implied volatility averaged 120.7%, placing in the 54.0% IV rank vs the trailing year. The 30-day expected move averaged 34.2%. IV traded below realized volatility by 8.7% (HV 20d: 129.4%). Max pain ranged from $53.00 to $65.00. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 1.07.

Notable Days

  • 2023-02-02: Highest Volume — 567,456 contracts
  • 2023-02-22: Largest IV drop — 14.5% change
  • 2023-02-16: Highest IV Rank — 64.9%
  • 2023-02-16: Largest Expected Move — 38.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$64.95$56.12$79.82$65.98$64.89
Max Pain$63.00$53.00$65.00$53.00$62.00
ATM IV120.7%105.9%132.4%106.5%105.9%
Expected Move34.2%29.4%38.2%29.4%30.8%
HV 20d129.4%113.8%138.0%113.8%130.9%
HV 60d109.2%106.6%114.7%107.3%109.1%
IV Rank54.0%40.4%64.9%40.9%40.4%
IV Percentile74.7%46.4%91.7%54.8%46.4%
Term Structure-2.9%-5.3%-0.8%-2.7%-1.7%
VWIV121.0%104.6%134.9%104.6%108.6%
Skew 25d3.3%-0.2%7.6%3.0%4.0%
Skew 10d5.8%-1.0%13.1%4.6%7.8%
Call IV 25d120.8%104.9%133.5%106.9%105.2%
Put IV 25d124.2%109.1%136.0%110.0%109.1%
Bid-Ask Spread %2.811.986.116.112.06
Gamma HHI0.060.030.250.060.04
Net GEX-64.1K-15.7M16.0M16.0M2.1M
Net DEX-427.6M-1.89B365.7M-1.08B-331.0M
Net VEX-5.1M-5.5M-4.7M-4.7M-5.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.411.870.411.25
Total Volume290,984.053116,612567,456256,994279,649
Total OI870,786.368731,033992,060820,873791,069

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$65.98$53.00106.5%29.4%113.8%40.9%104.6%3.0%-2.7%16.0M-1.08B-4.7M0.416.11181,68675,308396,880423,993
2023-02-02$79.82$55.00121.2%32.8%124.8%54.5%115.9%-0.0%-5.3%12.4M-1.89B-5.0M0.764.02321,611245,845396,016439,358
2023-02-03$74.27$60.00125.3%33.9%121.6%58.3%119.8%-0.2%-4.9%-15.5K-1.47B-5.3M0.864.16252,666217,730469,601506,263
2023-02-06$74.13$60.00123.6%34.4%121.5%56.7%121.6%1.2%-2.2%4.3M-848.2M-5.4M0.982.27110,239107,957352,463436,519
2023-02-07$71.23$65.00120.7%33.9%119.7%54.1%119.8%3.2%-2.5%2.4M-675.1M-5.4M0.992.24124,577122,837382,905462,664
2023-02-08$69.83$65.00121.9%34.2%117.7%55.2%119.9%2.8%-2.7%-1.8M-574.5M-5.4M0.842.3884,85671,694398,642492,061
2023-02-09$59.98$65.00124.3%35.0%133.4%57.4%123.3%5.5%-2.6%-10.7M173.4M-5.0M1.252.85154,155192,013415,931505,246
2023-02-10$57.19$65.00126.6%35.8%133.1%59.5%125.5%5.3%-2.8%-6.1M365.7M-4.7M1.872.68115,979217,091440,045520,538
2023-02-13$56.12$65.00131.2%37.3%132.2%63.8%131.9%7.6%-2.8%-4.1M79.2M-4.7M1.612.2961,08698,609373,706453,494
2023-02-14$59.36$65.00129.2%36.9%130.4%61.9%131.0%5.2%-3.1%-1.9M-88.7M-4.9M0.792.48105,07582,494388,774473,773
2023-02-15$68.57$65.00131.8%37.8%136.9%64.3%134.9%1.9%-4.9%8.5M-727.7M-5.5M0.662.64166,856109,402408,439494,905
2023-02-16$65.41$65.00132.4%38.2%137.7%64.9%134.3%3.4%-5.2%3.8M-425.9M-5.4M0.592.58221,858130,771419,433529,614
2023-02-17$65.13$65.00130.5%37.8%134.0%63.1%133.8%1.3%-3.9%-2.8M-369.0M-5.4M0.952.31166,377158,158433,354558,706
2023-02-21$62.37$65.00128.2%37.6%135.1%61.0%132.7%6.1%-3.5%-814.3K-184.6M-5.1M1.433.56105,049150,387329,717401,316
2023-02-22$60.51$65.00109.7%31.4%134.6%43.9%112.0%2.7%-2.0%-4.1M-43.2M-4.9M1.112.36226,004249,906379,049470,158
2023-02-23$62.48$65.00109.3%31.3%134.7%43.5%112.2%2.5%-1.0%1.1M-196.8M-5.2M1.352.1295,682129,228414,054493,747
2023-02-24$57.94$65.00108.2%30.9%138.0%42.5%109.6%3.2%-1.2%-15.7M156.5M-4.9M1.611.98107,106172,144424,275514,122
2023-02-27$58.77$62.00106.0%30.6%128.5%40.5%108.3%4.8%-0.8%-3.7M4.0M-4.9M1.072.3056,26160,351334,580419,531
2023-02-28$64.89$62.00105.9%30.8%130.9%40.4%108.6%4.0%-1.7%2.1M-331.0M-5.3M1.252.06124,526155,123350,021441,048