COIN Options History — September 2023

In September 2023, COIN traded between $70.24 and $82.86. ATM implied volatility averaged 62.4%, placing in the 3.8% IV rank vs the trailing year. The 30-day expected move averaged 17.8%. IV traded below realized volatility by 0.1% (HV 20d: 62.5%). Max pain ranged from $80.00 to $85.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.77.

Notable Days

  • 2023-09-12: Highest Volume — 148,990 contracts
  • 2023-09-08: Largest IV drop — 6.9% change
  • 2023-09-26: Highest IV Rank — 12.7%
  • 2023-09-26: Largest Expected Move — 19.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$77.51$70.24$82.86$77.69$74.82
Max Pain$83.70$80.00$85.00$80.00$80.00
ATM IV62.4%58.4%68.7%61.9%65.2%
Expected Move17.8%16.3%19.7%16.3%17.6%
HV 20d62.5%37.2%68.1%67.6%39.8%
HV 60d78.8%74.0%81.5%81.5%74.7%
IV Rank3.8%0.0%12.7%0.0%8.4%
IV Percentile2.6%0.0%7.9%0.0%6.3%
Term Structure1.8%-0.0%5.3%1.4%5.3%
VWIV63.3%58.5%69.6%58.5%62.5%
Skew 25d0.7%-1.1%2.8%-1.1%2.2%
Skew 10d2.5%-2.5%6.6%-2.5%5.2%
Call IV 25d62.8%59.3%68.5%63.6%63.1%
Put IV 25d63.6%59.1%71.3%62.4%65.3%
Bid-Ask Spread %2.922.094.782.663.22
Gamma HHI0.060.040.160.060.10
Net GEX2.0M-15.9M18.1M-184.2K10.1M
Net DEX-276.3M-638.5M165.0M-174.2M-236.1M
Net VEX-5.9M-6.4M-5.4M-6.4M-5.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.501.051.050.86
Total Volume98,292.8558,440148,990122,36496,554
Total OI791,121.7664,701921,118921,118775,308

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-09-01$77.69$80.0061.9%16.3%67.6%0.0%58.5%-1.1%1.4%-184.2K-174.2M-6.4M1.052.6659,70662,658453,320467,798
2023-09-05$77.67$85.0063.0%18.4%67.6%1.3%65.8%0.4%0.7%-1.6M-240.8M-6.2M0.562.9949,31927,590383,546435,492
2023-09-06$78.27$85.0064.7%18.8%66.9%3.5%66.7%0.0%0.7%2.2M-312.7M-6.3M0.612.8662,27138,081400,352442,657
2023-09-07$81.72$85.0063.8%18.5%68.1%2.5%65.1%0.7%0.7%13.5M-568.7M-6.4M0.672.3566,14043,991411,078451,819
2023-09-08$81.63$85.0059.4%17.3%67.5%0.0%61.4%1.0%0.7%12.9M-567.4M-6.3M0.752.8053,63540,178414,932457,717
2023-09-11$80.81$85.0060.1%17.4%67.1%0.9%62.2%0.4%0.4%3.6M-433.1M-6.1M0.972.5447,86446,461376,078432,713
2023-09-12$81.05$85.0060.9%17.5%67.1%1.9%62.5%0.5%0.2%5.4M-460.5M-6.2M0.592.0993,53955,451392,153446,042
2023-09-13$80.44$85.0059.8%17.1%66.8%0.4%60.3%-0.2%-0.0%3.4M-416.7M-6.2M0.772.9055,83243,080407,462455,680
2023-09-14$82.86$85.0058.4%16.8%67.6%0.0%60.3%-0.9%0.3%18.1M-638.5M-6.2M0.662.8460,78340,089418,504457,415
2023-09-15$81.56$85.0058.8%17.0%65.2%0.5%61.3%0.3%1.1%921.5K-510.3M-6.1M0.942.3353,99250,928420,352462,928
2023-09-18$82.10$85.0059.5%17.1%64.3%1.4%61.1%-0.4%1.3%4.5M-465.9M-5.9M0.502.7151,89425,924315,670349,031
2023-09-19$78.53$85.0060.0%17.2%66.1%1.9%60.8%0.2%1.5%-2.1M-261.6M-6.0M0.822.9447,75739,369336,448358,375
2023-09-20$77.23$85.0060.7%17.4%66.4%2.8%61.4%0.9%1.0%-8.3M-160.3M-5.8M0.674.7836,46024,523348,238373,353
2023-09-21$74.52$85.0062.8%18.0%66.3%5.4%64.2%0.3%0.6%-13.8M-4.0M-5.7M0.822.8156,18846,212355,986375,927
2023-09-22$71.55$85.0063.3%18.1%65.2%6.0%63.4%1.9%0.3%-15.9M165.0M-5.5M0.902.2270,16263,156364,054383,494
2023-09-25$71.31$83.0066.6%19.0%65.1%10.1%67.7%1.6%4.9%-3.8M10.6M-5.5M0.784.4847,53437,249327,153356,596
2023-09-26$70.24$81.0068.7%19.7%65.2%12.7%69.6%2.8%4.8%-3.1M30.6M-5.4M1.012.5529,01029,430352,284370,525
2023-09-27$71.31$80.0066.1%18.9%37.2%9.5%68.0%2.4%5.2%-928.4K-14.9M-5.4M0.763.4446,35335,289360,238376,222
2023-09-28$74.93$80.0064.7%18.0%42.4%7.8%63.7%1.4%4.8%15.3M-266.9M-5.6M0.762.9374,65556,550372,932382,562
2023-09-29$74.82$80.0065.2%17.6%39.8%8.4%62.5%2.2%5.3%10.1M-236.1M-5.6M0.863.2251,79344,761383,577391,731