COIN Options History — February 2025

In February 2025, COIN traded between $209.21 and $299.09. ATM implied volatility averaged 70.4%, placing in the 23.7% IV rank vs the trailing year. The 30-day expected move averaged 20.3%. IV traded above realized volatility by 9.3% (HV 20d: 61.0%). Max pain ranged from $240.00 to $260.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.46.

Notable Days

2025-02-14: Highest Volume — 677,864 contracts
2025-02-14: Largest IV drop — 18.6% change
2025-02-13: Highest IV Rank — 45.3%
2025-02-04: Largest Expected Move — 23.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$256.72	$209.21	$299.09	$284.77	$212.06
Max Pain	$248.16	$240.00	$260.00	$250.00	$240.00
ATM IV	70.4%	60.0%	79.6%	78.6%	67.3%
Expected Move	20.3%	17.2%	23.8%	23.7%	19.3%
HV 20d	61.0%	52.9%	71.1%	71.1%	62.1%
HV 60d	75.9%	69.8%	98.9%	98.9%	69.8%
IV Rank	23.7%	0.0%	45.3%	42.9%	17.3%
IV Percentile	28.8%	0.0%	62.3%	58.7%	17.5%
Term Structure	-1.2%	-3.0%	0.8%	-2.7%	-0.9%
VWIV	73.2%	63.9%	86.0%	84.2%	69.3%
Skew 25d	-3.1%	-7.2%	4.7%	-4.5%	2.6%
Skew 10d	-4.9%	-15.0%	7.2%	-4.4%	7.2%
Call IV 25d	73.5%	65.6%	85.5%	82.0%	67.6%
Put IV 25d	70.4%	59.0%	78.3%	77.5%	70.2%
Bid-Ask Spread %	35.43	26.92	50.04	32.80	26.92
Gamma HHI	0.05	0.04	0.06	0.05	0.05
Net GEX	50.4M	-32.6M	177.6M	120.9M	-2.1M
Net DEX	-2.86B	-7.71B	596.4M	-5.02B	-294.4M
Net VEX	-30.5M	-35.6M	-25.3M	-33.8M	-27.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.46	0.17	0.93	0.66	0.49
Total Volume	246,480.211	80,745	677,864	200,565	265,148
Total OI	1,128,035.632	1,011,648	1,256,016	1,032,581	1,241,086

Daily Data (19 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
2025-02-03	$284.77	$250.00	78.6%	23.7%	71.1%	42.9%	84.2%	-4.5%	-2.7%	120.9M	-5.02B	-33.8M	0.66	32.80	120,611	79,954	651,557	381,024
2025-02-04	$281.59	$255.00	78.2%	23.8%	69.6%	42.0%	86.0%	-4.6%	-2.4%	101.1M	-4.49B	-32.9M	0.19	33.89	157,366	30,364	633,232	399,211
2025-02-05	$276.20	$260.00	75.6%	23.0%	64.5%	35.8%	82.7%	-3.8%	-2.5%	89.3M	-4.27B	-33.0M	0.17	30.58	151,057	26,422	672,669	405,467
2025-02-06	$270.96	$240.00	73.2%	20.5%	52.9%	30.0%	73.7%	-5.1%	-2.3%	71.0M	-3.76B	-32.6M	0.30	33.66	133,766	39,645	713,051	411,397
2025-02-07	$275.17	$240.00	75.4%	20.9%	53.0%	35.4%	73.6%	-3.2%	-1.5%	86.0M	-4.32B	-33.0M	0.53	38.68	150,391	79,345	735,187	420,986
2025-02-10	$279.96	$250.00	72.4%	20.6%	53.1%	28.0%	73.9%	-4.7%	0.2%	103.0M	-4.76B	-32.9M	0.64	38.49	49,314	31,431	623,396	388,252
2025-02-11	$267.65	$250.00	72.0%	20.5%	54.0%	27.2%	73.3%	-4.9%	-0.4%	67.4M	-3.56B	-31.4M	0.65	36.61	85,094	55,419	636,959	402,425
2025-02-12	$275.25	$250.00	71.3%	20.2%	54.5%	25.4%	72.6%	-5.1%	-1.7%	98.0M	-4.53B	-32.9M	0.48	35.23	56,035	26,745	659,455	417,055
2025-02-13	$299.09	$250.00	79.6%	22.4%	54.1%	45.3%	80.3%	-7.2%	-3.0%	177.6M	-7.71B	-35.6M	0.45	35.46	261,268	118,351	671,809	424,700
2025-02-14	$277.64	$250.00	64.8%	18.7%	60.3%	9.9%	67.9%	-6.7%	0.0%	70.1M	-4.15B	-31.8M	0.31	40.47	519,278	158,586	737,194	471,178
2025-02-18	$263.71	$250.00	63.4%	18.2%	61.2%	6.6%	67.5%	-5.8%	0.8%	75.5M	-3.25B	-30.7M	0.40	39.05	178,052	71,691	698,964	426,450
2025-02-19	$259.11	$250.00	61.9%	17.7%	61.0%	2.9%	66.4%	-6.4%	-0.8%	25.6M	-2.58B	-30.4M	0.41	38.31	100,047	41,442	727,024	451,271
2025-02-20	$257.17	$250.00	60.0%	17.2%	60.9%	0.0%	63.9%	-7.0%	-0.9%	2.9M	-2.39B	-30.2M	0.36	38.28	170,108	61,221	745,106	460,154
2025-02-21	$235.30	$250.00	69.0%	19.8%	66.6%	21.3%	72.9%	-2.2%	-0.0%	-32.6M	-444.4M	-28.1M	0.37	50.04	374,881	137,397	786,951	469,065
2025-02-24	$228.39	$250.00	63.9%	18.4%	66.9%	9.1%	67.6%	-0.8%	0.5%	-13.2M	-364.5M	-27.1M	0.69	31.49	120,844	82,981	637,614	430,595
2025-02-25	$212.83	$250.00	70.6%	20.5%	66.0%	25.0%	74.0%	3.0%	-0.7%	-31.5M	596.4M	-25.3M	0.93	28.35	151,506	141,509	672,028	446,789
2025-02-26	$211.69	$240.00	69.9%	20.2%	64.9%	23.3%	71.3%	2.9%	-1.9%	-21.7M	440.2M	-26.0M	0.47	37.62	100,526	47,155	714,816	467,994
2025-02-27	$209.21	$240.00	69.7%	19.9%	63.1%	22.9%	70.3%	4.7%	-2.2%	-30.3M	519.6M	-25.6M	0.27	27.35	241,733	66,441	729,387	471,179
2025-02-28	$212.06	$240.00	67.3%	19.3%	62.1%	17.3%	69.3%	2.6%	-0.9%	-2.1M	-294.4M	-27.0M	0.49	26.92	178,315	86,833	767,260	473,826