COIN Options History — March 2023

In March 2023, COIN traded between $53.04 and $84.55. ATM implied volatility averaged 108.5%, placing in the 42.8% IV rank vs the trailing year. The 30-day expected move averaged 30.9%. IV traded above realized volatility by 1.9% (HV 20d: 106.7%). Max pain ranged from $63.00 to $70.00. Net GEX was positive for 9 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 1.16.

Notable Days

2023-03-23: Highest Volume — 522,924 contracts
2023-03-23: Largest IV spike — 14.4% change
2023-03-13: Highest IV Rank — 59.5%
2023-03-13: Largest Expected Move — 34.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$65.88	$53.04	$84.55	$64.69	$67.39
Max Pain	$66.57	$63.00	$70.00	$64.00	$70.00
ATM IV	108.5%	99.6%	126.6%	104.8%	101.5%
Expected Move	30.9%	28.2%	34.8%	30.4%	28.4%
HV 20d	106.7%	87.2%	130.8%	130.8%	118.7%
HV 60d	112.6%	107.1%	120.1%	109.1%	118.0%
IV Rank	42.8%	34.5%	59.5%	39.3%	36.3%
IV Percentile	47.6%	21.8%	83.7%	40.9%	21.8%
Term Structure	-0.4%	-4.7%	2.9%	-1.7%	2.9%
VWIV	110.9%	100.6%	124.8%	107.6%	103.5%
Skew 25d	8.5%	3.2%	13.3%	3.5%	10.5%
Skew 10d	16.7%	4.8%	28.3%	5.8%	22.6%
Call IV 25d	105.5%	96.7%	122.9%	104.9%	96.7%
Put IV 25d	114.0%	102.3%	131.3%	108.4%	107.1%
Bid-Ask Spread %	2.80	1.99	4.31	2.12	2.02
Gamma HHI	0.05	0.04	0.08	0.04	0.05
Net GEX	-1.3M	-16.5M	13.1M	-1.8M	3.1M
Net DEX	-217.4M	-1.25B	702.4M	-268.4M	-230.6M
Net VEX	-5.5M	-6.1M	-4.7M	-5.4M	-5.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.16	0.72	2.43	1.24	0.79
Total Volume	264,705.739	130,458	522,924	130,458	272,183
Total OI	883,842.826	708,247	1,016,736	876,888	979,829

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
2023-03-01	$64.69	$64.00	104.8%	30.4%	130.8%	39.3%	107.6%	3.5%	-1.7%	-1.8M	-268.4M	-5.4M	1.24	2.12	58,365	72,093	378,773	498,115
2023-03-02	$63.80	$64.00	105.2%	30.7%	123.5%	39.7%	108.8%	4.1%	-0.8%	-3.2M	-201.3M	-5.3M	1.40	2.22	90,801	127,555	384,573	504,135
2023-03-03	$64.48	$63.00	101.7%	29.6%	100.9%	36.5%	104.6%	3.2%	-1.2%	1.5M	-286.2M	-5.2M	1.17	2.53	115,542	135,679	400,088	524,320
2023-03-06	$63.85	$65.00	102.0%	28.8%	98.2%	36.8%	102.8%	4.7%	-1.1%	-2.7M	-174.7M	-5.2M	0.84	2.88	117,022	98,520	347,302	450,570
2023-03-07	$61.83	$65.00	100.3%	28.7%	98.6%	35.2%	100.6%	5.2%	-1.2%	-5.5M	-35.1M	-5.1M	1.00	2.65	75,151	75,426	369,957	467,733
2023-03-08	$63.08	$65.00	99.6%	28.2%	98.4%	34.5%	100.9%	3.7%	-1.3%	-5.1M	-108.2M	-5.0M	1.01	2.67	91,374	92,263	376,486	482,374
2023-03-09	$57.94	$65.00	106.1%	29.7%	102.2%	40.5%	107.0%	6.5%	-1.5%	-14.6M	274.9M	-4.9M	1.78	3.85	123,762	220,121	386,077	494,730
2023-03-10	$53.04	$65.00	115.7%	32.2%	92.5%	49.4%	119.1%	8.4%	-1.8%	-16.5M	702.4M	-4.7M	2.43	3.71	134,103	326,259	408,648	532,862
2023-03-13	$59.32	$65.00	126.6%	34.8%	100.0%	59.5%	124.8%	8.3%	-4.7%	-4.1M	-6.2M	-5.2M	1.15	4.31	166,336	191,535	360,061	484,945
2023-03-14	$61.99	$65.00	115.0%	32.7%	100.8%	48.8%	116.5%	10.3%	-0.8%	-215.4K	-189.3M	-5.3M	0.86	3.16	126,722	109,430	402,245	536,377
2023-03-15	$64.47	$65.00	116.4%	32.9%	99.8%	50.1%	121.1%	10.5%	-1.6%	2.3M	-329.1M	-5.5M	1.30	3.55	87,751	114,310	416,057	561,254
2023-03-16	$67.89	$65.00	107.3%	30.6%	87.2%	41.7%	111.0%	9.3%	-0.8%	9.6M	-574.3M	-5.4M	0.94	3.25	110,071	103,768	424,079	578,590
2023-03-17	$75.68	$65.00	113.4%	32.3%	93.4%	47.3%	115.3%	8.7%	-1.0%	13.1M	-1.25B	-5.7M	0.73	2.95	257,940	187,788	428,624	588,112
2023-03-20	$75.05	$65.00	108.9%	31.2%	93.5%	43.2%	111.4%	9.9%	-0.4%	5.4M	-618.0M	-5.7M	0.88	2.58	94,409	82,993	306,913	401,334
2023-03-21	$84.55	$65.00	105.0%	30.1%	99.5%	39.6%	107.0%	8.2%	-0.5%	12.1M	-1.11B	-6.0M	1.00	2.00	169,544	169,804	326,447	427,242
2023-03-22	$77.61	$70.00	103.1%	29.5%	104.7%	37.8%	105.9%	10.9%	1.2%	1.7M	-666.2M	-6.1M	1.09	3.53	113,309	123,066	351,531	473,048
2023-03-23	$66.22	$70.00	117.9%	33.9%	120.6%	51.5%	119.8%	13.3%	-2.3%	-9.0M	76.2M	-5.8M	1.36	2.81	221,767	301,157	366,644	487,899
2023-03-24	$68.13	$70.00	112.4%	32.2%	117.3%	46.4%	116.1%	12.0%	0.8%	482.4K	-103.1M	-5.9M	1.56	2.57	109,347	170,162	401,809	526,092
2023-03-27	$62.58	$70.00	112.2%	32.3%	121.8%	46.2%	116.7%	12.1%	1.2%	-5.5M	84.2M	-5.6M	1.57	2.31	102,920	161,504	338,046	454,126
2023-03-28	$62.67	$70.00	108.0%	30.9%	116.4%	42.3%	111.8%	11.4%	2.7%	-6.2M	82.5M	-5.6M	0.80	2.45	86,936	69,757	364,972	498,694
2023-03-29	$65.07	$70.00	107.1%	30.6%	117.2%	41.5%	109.2%	9.7%	2.0%	-394.5K	-91.5M	-5.7M	0.72	1.99	141,147	101,174	384,692	505,454
2023-03-30	$63.97	$70.00	105.6%	29.9%	117.3%	40.1%	108.2%	11.1%	2.5%	-4.6M	23.6M	-5.7M	0.94	2.19	96,713	90,653	409,322	537,204
2023-03-31	$67.39	$70.00	101.5%	28.4%	118.7%	36.3%	103.5%	10.5%	2.9%	3.1M	-230.6M	-5.7M	0.79	2.02	151,938	120,245	421,282	558,547