COIN Options History — December 2023

In December 2023, COIN traded between $132.92 and $186.26. ATM implied volatility averaged 80.2%, placing in the 29.5% IV rank vs the trailing year. The 30-day expected move averaged 23.3%. IV traded above realized volatility by 19.3% (HV 20d: 60.9%). Max pain ranged from $85.00 to $100.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.77.

Notable Days

2023-12-29: Highest Volume — 463,853 contracts
2023-12-04: Largest IV spike — 13.4% change
2023-12-28: Highest IV Rank — 42.2%
2023-12-28: Largest Expected Move — 26.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$155.01	$132.92	$186.26	$132.92	$174.51
Max Pain	$92.00	$85.00	$100.00	$95.00	$100.00
ATM IV	80.2%	68.1%	89.7%	68.1%	87.3%
Expected Move	23.3%	20.0%	26.5%	20.0%	25.9%
HV 20d	60.9%	48.1%	68.1%	48.1%	68.1%
HV 60d	55.8%	52.3%	58.8%	52.3%	58.8%
IV Rank	29.5%	13.1%	42.2%	13.1%	39.0%
IV Percentile	34.4%	13.1%	54.4%	13.1%	48.8%
Term Structure	0.3%	-1.5%	6.9%	0.5%	-0.9%
VWIV	83.3%	71.0%	94.9%	71.0%	91.7%
Skew 25d	-2.4%	-4.0%	-0.8%	-2.4%	-1.4%
Skew 10d	-3.9%	-7.8%	-0.3%	-4.2%	-1.5%
Call IV 25d	83.4%	71.0%	93.0%	71.0%	89.7%
Put IV 25d	81.0%	68.6%	90.6%	68.6%	88.3%
Bid-Ask Spread %	12.73	4.24	20.15	20.15	11.43
Gamma HHI	0.08	0.05	0.22	0.09	0.14
Net GEX	42.0M	4.6M	86.0M	52.2M	4.6M
Net DEX	-4.05B	-5.58B	-2.99B	-3.80B	-4.19B
Net VEX	-10.1M	-11.1M	-9.0M	-9.0M	-11.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.77	0.57	1.08	0.77	0.81
Total Volume	252,645.2	104,427	463,853	310,575	463,853
Total OI	1,049,282.65	897,954	1,141,015	1,092,956	1,130,602

Daily Data (20 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
2023-12-01	$132.92	$95.00	68.1%	20.0%	48.1%	13.1%	71.0%	-2.4%	0.5%	52.2M	-3.80B	-9.0M	0.77	20.15	174,990	135,585	517,834	575,122
2023-12-04	$142.17	$85.00	77.3%	22.3%	50.6%	25.5%	80.7%	-4.0%	2.4%	32.3M	-3.76B	-9.2M	0.66	8.27	189,313	125,220	448,863	519,043
2023-12-05	$140.27	$85.00	78.0%	22.7%	52.1%	26.4%	81.4%	-3.9%	1.6%	29.5M	-3.54B	-9.8M	0.78	15.22	141,302	109,778	486,915	559,265
2023-12-06	$135.19	$85.00	75.1%	22.4%	56.4%	22.6%	79.0%	-2.5%	6.9%	15.1M	-2.99B	-9.7M	0.81	16.48	133,919	108,453	502,259	588,490
2023-12-07	$136.31	$85.00	75.0%	22.2%	56.1%	22.4%	79.6%	-2.7%	3.4%	16.7M	-3.03B	-9.9M	0.92	18.14	92,767	85,040	509,237	604,260
2023-12-08	$146.01	$90.00	75.5%	22.2%	58.5%	23.1%	79.3%	-3.1%	3.4%	59.3M	-4.11B	-9.8M	0.81	15.49	141,307	114,439	521,365	618,135
2023-12-11	$138.78	$90.00	76.9%	22.1%	64.2%	25.0%	79.2%	-1.1%	-1.1%	21.7M	-3.10B	-9.7M	1.08	16.11	74,705	80,896	473,950	549,198
2023-12-12	$139.32	$90.00	75.0%	21.6%	63.6%	22.4%	77.9%	-1.8%	0.5%	23.4M	-3.15B	-9.7M	0.77	14.64	59,097	45,330	486,398	570,816
2023-12-13	$148.56	$90.00	75.1%	21.5%	65.2%	22.5%	77.2%	-1.8%	0.2%	49.0M	-4.15B	-9.6M	0.77	19.53	127,714	98,171	503,825	584,256
2023-12-14	$152.61	$90.00	80.3%	22.7%	63.7%	29.6%	82.0%	-2.4%	-1.4%	61.2M	-4.56B	-9.9M	0.58	9.77	130,821	75,238	517,225	594,099
2023-12-15	$147.20	$90.00	77.8%	22.1%	65.4%	26.3%	78.5%	-3.2%	-1.5%	47.3M	-3.95B	-9.9M	0.57	13.30	136,258	77,982	531,566	609,449
2023-12-18	$154.56	$95.00	78.4%	22.3%	66.1%	27.1%	79.5%	-2.1%	-1.0%	38.1M	-3.47B	-9.9M	0.84	4.24	91,259	76,240	427,163	470,791
2023-12-19	$159.76	$95.00	79.8%	22.8%	63.6%	28.9%	81.2%	-3.0%	-1.1%	50.5M	-3.94B	-9.9M	0.67	5.50	121,843	81,852	447,700	500,215
2023-12-20	$163.16	$95.00	84.5%	24.2%	63.0%	35.3%	86.8%	-3.4%	-0.9%	50.1M	-4.21B	-10.1M	0.81	13.98	153,374	124,172	459,607	523,020
2023-12-21	$168.47	$95.00	84.7%	24.4%	62.9%	35.5%	86.2%	-2.4%	-1.5%	51.0M	-4.51B	-10.6M	0.64	14.97	159,370	102,609	471,625	546,580
2023-12-22	$175.35	$95.00	87.0%	25.1%	62.0%	38.6%	90.5%	-0.8%	-1.3%	86.0M	-5.14B	-10.9M	0.71	9.86	248,041	174,908	495,807	567,433
2023-12-26	$172.64	$95.00	89.3%	26.2%	63.0%	41.8%	94.9%	-1.7%	-1.4%	35.2M	-4.28B	-10.9M	0.78	10.23	109,366	85,545	452,320	518,611
2023-12-27	$186.10	$95.00	89.6%	26.4%	63.4%	42.2%	94.9%	-2.1%	-1.5%	60.1M	-5.58B	-10.9M	0.76	8.83	184,338	139,948	480,505	543,020
2023-12-28	$186.26	$100.00	89.7%	26.5%	62.6%	42.2%	94.8%	-2.4%	-0.1%	57.1M	-5.51B	-11.1M	0.82	8.57	152,638	125,223	500,509	578,575
2023-12-29	$174.51	$100.00	87.3%	25.9%	68.1%	39.0%	91.7%	-1.4%	-0.9%	4.6M	-4.19B	-11.0M	0.81	11.43	256,758	207,095	525,844	604,758