COIN Options History — January 2024

In January 2024, COIN traded between $120.97 and $159.21. ATM implied volatility averaged 81.5%, placing in the 31.2% IV rank vs the trailing year. The 30-day expected move averaged 23.7%. IV traded above realized volatility by 8.0% (HV 20d: 73.5%). Max pain ranged from $100.00 to $150.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.77.

Notable Days

2024-01-11: Highest Volume — 422,963 contracts
2024-01-11: Largest IV drop — 6.2% change
2024-01-02: Highest IV Rank — 42.4%
2024-01-02: Largest Expected Move — 27.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$137.25	$120.97	$159.21	$156.08	$128.19
Max Pain	$135.24	$100.00	$150.00	$100.00	$130.00
ATM IV	81.5%	76.5%	89.8%	89.8%	76.5%
Expected Move	23.7%	21.6%	27.4%	27.4%	23.5%
HV 20d	73.5%	57.9%	79.3%	79.3%	57.9%
HV 60d	66.4%	64.2%	69.1%	64.2%	65.6%
IV Rank	31.2%	24.4%	42.4%	42.4%	24.4%
IV Percentile	38.7%	26.6%	55.6%	55.6%	26.6%
Term Structure	-0.2%	-3.7%	4.1%	0.3%	0.4%
VWIV	84.1%	77.1%	98.3%	98.3%	83.9%
Skew 25d	-0.0%	-2.9%	2.5%	-2.9%	-1.1%
Skew 10d	2.2%	-4.4%	7.1%	-2.3%	-1.3%
Call IV 25d	82.4%	76.5%	93.7%	93.7%	78.0%
Put IV 25d	82.3%	76.9%	90.8%	90.8%	76.9%
Bid-Ask Spread %	19.66	10.78	36.39	12.62	18.81
Gamma HHI	0.08	0.04	0.45	0.06	0.06
Net GEX	10.2M	-39.9M	78.8M	10.2M	32.0M
Net DEX	-1.51B	-3.24B	-181.2M	-2.71B	-964.9M
Net VEX	-10.3M	-11.2M	-9.5M	-11.0M	-10.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.77	0.42	1.22	0.67	0.48
Total Volume	219,379.381	97,949	422,963	274,427	124,294
Total OI	976,522.286	709,820	1,222,754	973,090	770,741

Daily Data (21 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
2024-01-02	$156.08	$100.00	89.8%	27.4%	79.3%	42.4%	98.3%	-2.9%	0.3%	10.2M	-2.71B	-11.0M	0.67	12.62	164,425	110,002	460,390	512,700
2024-01-03	$153.09	$100.00	89.3%	25.9%	76.7%	41.7%	93.0%	-1.4%	-2.1%	5.8M	-2.47B	-11.1M	0.78	15.78	140,783	109,490	505,747	539,119
2024-01-04	$157.98	$150.00	85.4%	24.2%	77.0%	36.5%	86.4%	-0.9%	-0.6%	18.6M	-2.97B	-11.2M	0.70	23.12	126,876	88,560	531,133	555,490
2024-01-05	$154.33	$150.00	85.3%	23.8%	76.1%	36.4%	85.2%	-2.1%	-3.5%	11.7M	-2.66B	-11.0M	0.94	26.62	97,727	91,657	556,464	570,310
2024-01-08	$159.21	$150.00	84.7%	24.1%	76.6%	35.6%	86.1%	-1.2%	-0.2%	32.9M	-3.24B	-10.8M	0.70	19.73	102,288	72,081	487,738	510,375
2024-01-09	$151.55	$150.00	85.6%	24.2%	75.6%	36.7%	85.9%	-0.4%	-1.7%	23.3M	-2.68B	-10.7M	0.52	23.99	87,030	45,003	515,378	535,601
2024-01-10	$150.24	$150.00	86.0%	24.6%	73.2%	37.3%	86.9%	0.9%	-0.8%	22.1M	-2.56B	-10.8M	0.66	29.91	125,396	83,121	532,607	552,907
2024-01-11	$141.36	$150.00	80.6%	23.6%	76.7%	30.0%	83.6%	-0.6%	2.2%	-4.4M	-1.74B	-10.3M	0.80	36.39	234,981	187,982	564,968	576,605
2024-01-12	$131.20	$150.00	79.1%	23.6%	77.3%	27.9%	83.5%	0.1%	4.1%	-39.9M	-628.8M	-10.0M	1.22	21.23	179,253	218,914	600,073	615,693
2024-01-16	$132.72	$145.00	81.8%	23.5%	76.6%	31.7%	84.1%	0.8%	1.7%	495.9K	-1.29B	-10.0M	0.97	27.20	102,338	99,213	551,425	562,742
2024-01-17	$133.42	$145.00	78.4%	22.5%	75.9%	27.0%	79.3%	2.0%	1.7%	2.9M	-1.38B	-10.0M	0.71	19.16	105,401	74,659	569,883	588,465
2024-01-18	$124.91	$130.00	80.0%	22.8%	76.1%	29.1%	80.1%	2.5%	3.3%	-23.3M	-742.3M	-9.6M	0.78	20.30	144,500	112,353	592,817	585,540
2024-01-19	$123.56	$130.00	77.2%	21.8%	74.3%	25.4%	77.7%	1.7%	3.1%	-37.1M	-741.3M	-9.6M	1.21	16.68	159,623	193,931	625,418	597,336
2024-01-22	$128.16	$130.00	79.9%	22.4%	75.4%	29.0%	79.3%	-0.2%	-3.3%	11.9M	-738.7M	-9.9M	1.05	18.07	90,149	94,319	367,804	342,016
2024-01-23	$124.82	$130.00	78.9%	21.8%	73.7%	27.7%	77.3%	1.3%	-1.1%	3.6M	-459.5M	-9.8M	0.87	21.68	68,542	59,510	389,975	373,533
2024-01-24	$121.74	$130.00	79.4%	21.6%	70.9%	28.4%	77.1%	1.4%	-1.6%	-5.7M	-238.1M	-9.5M	0.87	12.45	73,705	64,365	395,623	382,228
2024-01-25	$120.97	$130.00	76.8%	23.1%	71.0%	24.8%	82.2%	0.9%	-0.9%	-8.7M	-181.2M	-9.6M	0.89	11.18	70,568	63,042	411,976	391,621
2024-01-26	$124.84	$130.00	78.0%	23.4%	64.8%	26.5%	82.5%	-0.6%	-1.9%	78.8M	-618.9M	-9.7M	0.48	11.73	196,313	94,304	419,049	397,584
2024-01-29	$132.50	$130.00	79.4%	24.7%	70.5%	28.3%	87.4%	-0.4%	-3.7%	37.6M	-1.38B	-10.4M	0.47	10.78	171,168	81,152	385,120	328,655
2024-01-30	$131.38	$130.00	79.0%	24.4%	68.2%	27.8%	86.6%	-0.2%	-0.7%	41.8M	-1.30B	-10.4M	0.42	15.34	69,194	28,755	413,453	340,666
2024-01-31	$128.19	$130.00	76.5%	23.5%	57.9%	24.4%	83.9%	-1.1%	0.4%	32.0M	-964.9M	-10.1M	0.48	18.81	84,060	40,234	421,735	349,006