COIN Options History — May 2023

In May 2023, COIN traded between $48.71 and $62.77. ATM implied volatility averaged 90.6%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 26.5%. IV traded above realized volatility by 9.5% (HV 20d: 81.1%). Max pain ranged from $60.00 to $65.00. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 1.14.

Notable Days

  • 2023-05-05: Highest Volume — 384,691 contracts
  • 2023-05-05: Largest IV drop — 19.4% change
  • 2023-05-04: Highest IV Rank — 24.3%
  • 2023-05-03: Largest Expected Move — 34.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$57.62$48.71$62.77$50.44$62.31
Max Pain$60.68$60.00$65.00$65.00$60.00
ATM IV90.6%81.8%110.9%103.8%86.0%
Expected Move26.5%23.7%34.4%31.6%25.6%
HV 20d81.1%58.3%88.5%58.5%87.2%
HV 60d93.3%90.0%100.7%95.1%91.5%
IV Rank5.9%0.0%24.3%15.4%6.1%
IV Percentile8.7%0.0%56.3%27.4%2.4%
Term Structure-0.1%-2.4%2.5%-0.3%-1.6%
VWIV96.2%84.7%123.6%113.5%90.7%
Skew 25d8.7%3.4%13.1%12.4%4.0%
Skew 10d18.3%6.5%27.7%27.7%8.1%
Call IV 25d87.5%79.1%107.3%98.5%85.2%
Put IV 25d96.2%85.6%118.7%110.9%89.2%
Bid-Ask Spread %1.771.362.642.092.17
Gamma HHI0.060.040.120.090.04
Net GEX-4.2M-12.7M2.2M-8.4M1.6M
Net DEX96.2M-216.2M493.9M466.1M-166.4M
Net VEX-4.5M-4.9M-4.2M-4.2M-4.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.140.591.831.330.94
Total Volume147,179.54591,896384,691199,98196,745
Total OI860,936.909720,5271,005,504799,667788,965

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$50.44$65.00103.8%31.6%58.5%15.4%113.5%12.4%-0.3%-8.4M466.1M-4.2M1.332.0985,884114,097332,906466,761
2023-05-02$51.84$65.00104.9%31.9%58.3%16.7%118.1%13.1%-0.2%-6.5M366.8M-4.4M1.022.1281,49983,195360,433497,342
2023-05-03$48.71$65.00110.4%34.4%60.8%23.7%123.6%12.4%-1.0%-8.3M493.9M-4.3M1.322.6447,38362,333381,204523,620
2023-05-04$49.26$60.00110.9%31.2%61.3%24.3%114.6%11.2%-1.6%-7.2M449.9M-4.3M1.452.3969,167100,371391,465528,834
2023-05-05$57.70$60.0089.3%26.3%85.3%0.0%97.8%8.4%1.3%890.8K-94.0M-4.6M1.001.93192,720191,971419,747585,757
2023-05-08$57.94$60.0092.7%26.6%83.2%4.2%96.7%10.5%-0.3%-4.2M85.2M-4.6M1.831.7159,111108,013334,711494,575
2023-05-09$59.34$60.0090.3%26.3%79.9%1.3%98.1%10.2%1.2%-2.9M6.3M-4.8M1.071.5958,05362,402349,314532,526
2023-05-10$62.77$60.0086.8%25.2%82.8%0.0%93.9%9.8%1.2%2.2M-216.2M-4.9M0.971.5689,33187,064362,850548,102
2023-05-11$60.34$60.0087.9%25.7%83.6%1.2%93.8%9.6%2.5%-574.6K-37.6M-4.8M1.561.5945,91771,714374,798561,011
2023-05-12$57.55$60.0089.7%25.9%84.1%3.4%95.1%9.8%0.8%-6.0M177.5M-4.7M1.691.6462,902106,551380,058573,780
2023-05-15$60.70$60.0087.1%25.2%86.4%0.4%91.3%9.3%-1.6%-4.6M4.4M-4.7M1.021.5949,24650,026329,512522,363
2023-05-16$58.23$60.0088.1%25.3%87.4%1.7%92.0%8.8%0.1%-6.2M136.4M-4.6M1.551.4035,98455,912346,478535,556
2023-05-17$61.05$60.0085.4%24.5%88.5%0.0%87.9%8.8%-1.0%-961.0K-55.2M-4.7M1.181.5145,81254,174352,708553,291
2023-05-18$59.99$60.0084.0%24.1%85.9%0.0%85.2%8.5%-0.4%-3.9M11.0M-4.5M0.871.3656,72749,128359,913566,438
2023-05-19$56.72$60.0085.5%24.7%87.7%2.1%86.7%6.9%-1.9%-12.7M220.5M-4.3M0.901.4992,93283,303367,743571,014
2023-05-22$60.82$60.0081.8%23.7%86.7%0.0%84.7%6.5%0.7%-2.3M-60.2M-4.4M0.681.4780,52354,591291,989428,538
2023-05-23$59.05$60.0083.1%24.1%87.5%1.9%87.5%6.3%0.1%-4.0M29.5M-4.4M0.681.5182,69356,339314,328446,086
2023-05-24$58.43$60.0086.7%25.4%87.1%7.0%92.0%8.4%0.5%-4.4M63.3M-4.4M1.271.5143,56455,545326,780455,354
2023-05-25$56.92$60.0087.9%26.1%87.8%8.8%94.8%8.4%0.6%-7.8M156.5M-4.3M0.921.6650,91646,708331,548471,126
2023-05-26$56.72$60.0083.4%24.4%87.6%2.3%87.1%5.1%0.9%-6.0M156.7M-4.2M1.311.7269,33990,517341,540482,757
2023-05-30$60.91$60.0087.9%25.9%87.3%8.8%91.1%3.4%-2.4%-1.3M-77.9M-4.4M0.592.2299,11258,436302,000454,791
2023-05-31$62.31$60.0086.0%25.6%87.2%6.1%90.7%4.0%-1.6%1.6M-166.4M-4.5M0.942.1749,91646,829323,313465,652