COIN Options History — December 2024

In December 2024, COIN traded between $249.17 and $344.37. ATM implied volatility averaged 74.2%, placing in the 32.5% IV rank vs the trailing year. The 30-day expected move averaged 21.4%. IV traded below realized volatility by 16.0% (HV 20d: 90.2%). Max pain ranged from $200.00 to $220.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.50.

Notable Days

2024-12-06: Highest Volume — 464,168 contracts
2024-12-18: Largest IV spike — 7.6% change
2024-12-06: Highest IV Rank — 49.2%
2024-12-04: Largest Expected Move — 23.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$296.12	$249.17	$344.37	$303.94	$249.17
Max Pain	$210.48	$200.00	$220.00	$220.00	$220.00
ATM IV	74.2%	68.7%	81.2%	76.2%	68.7%
Expected Move	21.4%	19.0%	23.4%	22.8%	19.0%
HV 20d	90.2%	69.3%	135.5%	134.9%	73.4%
HV 60d	103.0%	99.3%	106.5%	99.5%	103.8%
IV Rank	32.5%	19.2%	49.2%	37.3%	19.2%
IV Percentile	36.0%	18.7%	58.7%	42.5%	18.7%
Term Structure	0.8%	-1.7%	3.1%	0.1%	2.0%
VWIV	78.5%	69.5%	85.1%	85.1%	70.1%
Skew 25d	-4.6%	-10.2%	2.4%	-7.4%	1.4%
Skew 10d	-6.9%	-16.3%	5.7%	-10.1%	2.7%
Call IV 25d	78.7%	69.9%	88.9%	82.4%	69.9%
Put IV 25d	74.1%	70.4%	81.1%	75.0%	71.2%
Bid-Ask Spread %	23.31	17.73	34.80	19.53	18.60
Gamma HHI	0.05	0.04	0.06	0.05	0.05
Net GEX	108.0M	20.8M	224.3M	125.8M	37.0M
Net DEX	-7.67B	-14.05B	-2.97B	-8.93B	-2.97B
Net VEX	-34.8M	-36.6M	-31.5M	-34.4M	-31.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.23	0.88	0.52	0.29
Total Volume	217,717.714	100,250	464,168	137,452	156,022
Total OI	1,220,975.286	1,095,631	1,393,484	1,125,045	1,155,173

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
2024-12-02	$303.94	$220.00	76.2%	22.8%	134.9%	37.3%	85.1%	-7.4%	0.1%	125.8M	-8.93B	-34.4M	0.52	19.53	90,325	47,127	656,516	468,529
2024-12-03	$308.28	$220.00	75.2%	22.4%	135.0%	34.8%	82.6%	-6.7%	0.7%	143.5M	-9.33B	-34.4M	0.63	19.57	81,304	51,508	667,622	482,350
2024-12-04	$329.25	$220.00	76.9%	23.4%	135.5%	38.9%	85.0%	-9.6%	0.3%	224.3M	-12.07B	-35.4M	0.63	19.58	145,290	91,948	682,152	493,481
2024-12-05	$321.75	$200.00	78.3%	22.6%	103.7%	42.3%	82.9%	-7.8%	0.4%	205.5M	-10.94B	-35.4M	0.46	20.27	279,747	127,882	700,769	510,481
2024-12-06	$344.37	$200.00	81.2%	23.3%	105.5%	49.2%	84.3%	-10.2%	-0.1%	203.2M	-14.05B	-36.6M	0.46	21.09	318,166	146,002	728,176	534,426
2024-12-09	$314.19	$200.00	77.3%	22.2%	110.8%	39.9%	83.9%	-9.6%	0.0%	96.6M	-9.08B	-35.1M	0.38	20.84	195,938	74,391	685,255	494,437
2024-12-10	$306.18	$200.00	74.6%	21.8%	87.1%	33.4%	79.8%	-7.1%	1.3%	84.7M	-8.25B	-34.9M	0.26	21.27	188,439	49,650	729,725	515,958
2024-12-11	$317.37	$200.00	74.8%	21.8%	87.9%	33.9%	79.7%	-8.4%	1.2%	162.1M	-9.96B	-36.3M	0.56	20.10	109,492	61,495	762,326	525,007
2024-12-12	$311.75	$210.00	74.0%	21.6%	81.3%	32.0%	79.6%	-7.5%	1.6%	121.3M	-9.14B	-35.7M	0.36	21.66	155,946	56,576	777,231	531,585
2024-12-13	$309.84	$210.00	72.2%	21.0%	79.7%	27.7%	77.0%	-5.9%	1.2%	91.6M	-8.81B	-35.2M	0.52	22.79	134,837	70,131	793,748	540,078
2024-12-16	$315.52	$210.00	75.8%	21.9%	74.8%	36.3%	81.9%	-9.2%	-1.1%	145.7M	-9.68B	-34.8M	0.53	22.27	140,089	74,238	691,350	486,124
2024-12-17	$312.70	$210.00	73.2%	21.1%	69.3%	30.0%	78.8%	-7.2%	-0.8%	139.5M	-9.36B	-36.4M	0.45	24.32	85,590	38,648	738,790	516,185
2024-12-18	$277.77	$210.00	78.8%	22.6%	80.6%	43.3%	82.9%	-2.3%	-1.7%	20.8M	-5.37B	-35.0M	0.32	34.80	187,315	59,566	760,200	543,607
2024-12-19	$275.20	$210.00	77.7%	22.3%	80.6%	40.8%	80.8%	2.4%	-0.2%	38.6M	-5.19B	-33.7M	0.68	32.30	181,908	123,093	785,834	530,940
2024-12-20	$277.81	$210.00	73.1%	20.9%	76.5%	29.8%	75.5%	-0.2%	0.9%	53.6M	-5.92B	-36.0M	0.87	31.26	98,813	85,496	834,563	558,921
2024-12-23	$267.15	$210.00	72.5%	20.6%	76.6%	28.4%	74.8%	-0.7%	3.0%	37.1M	-3.88B	-33.8M	0.23	23.63	226,600	53,178	645,615	450,016
2024-12-24	$280.13	$210.00	69.8%	19.6%	78.5%	21.8%	71.2%	-1.5%	2.6%	137.3M	-5.85B	-36.3M	0.41	28.38	78,611	31,952	702,944	464,860
2024-12-26	$275.75	$210.00	69.5%	19.5%	75.9%	21.2%	70.8%	-0.5%	3.1%	108.9M	-5.19B	-34.9M	0.77	24.67	56,709	43,541	714,534	472,865
2024-12-27	$264.77	$220.00	70.1%	19.7%	73.4%	22.5%	72.3%	-0.2%	0.9%	55.4M	-3.97B	-33.8M	0.88	24.91	70,563	62,000	728,761	482,403
2024-12-30	$255.69	$220.00	69.2%	19.3%	73.5%	20.3%	69.5%	1.6%	1.6%	36.3M	-3.18B	-31.8M	0.29	17.73	188,146	53,800	643,180	453,764
2024-12-31	$249.17	$220.00	68.7%	19.0%	73.4%	19.2%	70.1%	1.4%	2.0%	37.0M	-2.97B	-31.5M	0.29	18.60	121,285	34,737	691,241	463,932