COIN Options History — April 2025

In April 2025, COIN traded between $148.16 and $207.50. ATM implied volatility averaged 77.3%, placing in the 43.5% IV rank vs the trailing year. The 30-day expected move averaged 22.3%. IV traded below realized volatility by 18.6% (HV 20d: 95.9%). Max pain ranged from $165.00 to $185.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.44.

Notable Days

2025-04-04: Highest Volume — 389,622 contracts
2025-04-09: Largest IV drop — 19.7% change
2025-04-08: Highest IV Rank — 100.0%
2025-04-08: Largest Expected Move — 28.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$180.80	$148.16	$207.50	$174.03	$200.65
Max Pain	$176.90	$165.00	$185.00	$185.00	$185.00
ATM IV	77.3%	66.0%	100.6%	73.0%	66.8%
Expected Move	22.3%	20.0%	28.3%	20.7%	20.9%
HV 20d	95.9%	70.3%	101.3%	96.6%	94.5%
HV 60d	83.8%	75.8%	87.6%	78.8%	86.6%
IV Rank	43.5%	14.8%	100.0%	34.2%	16.9%
IV Percentile	55.3%	13.5%	100.0%	44.0%	17.9%
Term Structure	-0.9%	-4.1%	1.6%	1.0%	-0.1%
VWIV	77.9%	70.3%	93.6%	73.9%	74.0%
Skew 25d	7.8%	2.0%	23.9%	6.4%	2.7%
Skew 10d	13.8%	3.5%	41.4%	10.8%	5.1%
Call IV 25d	73.9%	65.1%	87.1%	70.4%	66.6%
Put IV 25d	81.6%	67.6%	111.0%	76.8%	69.2%
Bid-Ask Spread %	26.92	17.55	38.91	19.66	31.65
Gamma HHI	0.10	0.06	0.29	0.10	0.07
Net GEX	84.3M	-8.7M	288.8M	30.1M	74.8M
Net DEX	-1.40B	-5.12B	799.7M	93.0M	-2.40B
Net VEX	-23.3M	-27.4M	-18.4M	-21.2M	-25.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.15	1.10	0.23	0.44
Total Volume	186,275.286	55,453	389,622	140,145	78,235
Total OI	1,087,615.095	1,002,820	1,180,555	1,023,051	1,072,873

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
2025-04-01	$174.03	$185.00	73.0%	20.7%	96.6%	34.2%	73.9%	6.4%	1.0%	30.1M	93.0M	-21.2M	0.23	19.66	113,949	26,196	654,988	368,063
2025-04-02	$182.19	$185.00	72.3%	20.4%	96.8%	32.5%	70.3%	5.6%	0.2%	89.8M	-808.7M	-23.0M	0.38	21.77	78,108	29,303	669,409	370,187
2025-04-03	$170.00	$185.00	78.2%	22.1%	98.6%	48.2%	75.7%	8.3%	0.4%	13.2M	339.9M	-20.7M	0.59	21.43	127,298	75,386	682,212	375,025
2025-04-04	$162.95	$185.00	90.1%	25.0%	98.7%	79.5%	87.0%	15.5%	-0.3%	-8.7M	605.6M	-19.9M	0.36	25.46	286,920	102,702	716,596	380,423
2025-04-07	$156.75	$185.00	96.3%	26.8%	74.6%	95.8%	89.0%	18.3%	-2.5%	26.0M	453.7M	-19.5M	0.64	30.51	98,960	63,287	673,322	359,508
2025-04-08	$148.16	$170.00	100.6%	28.3%	70.3%	100.0%	93.6%	23.9%	-2.7%	12.4M	799.7M	-18.4M	0.80	34.37	73,553	58,789	702,358	373,401
2025-04-09	$179.09	$165.00	80.8%	22.1%	100.6%	51.3%	78.1%	12.3%	-4.1%	97.4M	-1.68B	-23.4M	0.19	35.69	255,676	49,501	717,122	385,013
2025-04-10	$167.61	$170.00	85.4%	24.3%	100.5%	62.7%	85.4%	15.1%	0.7%	56.7M	-355.9M	-21.8M	1.10	38.91	59,832	65,568	775,042	394,445
2025-04-11	$175.40	$170.00	84.8%	23.9%	101.3%	61.1%	83.8%	8.8%	-1.6%	55.6M	-1.36B	-23.4M	0.15	28.24	276,757	41,203	780,072	400,135
2025-04-14	$178.00	$170.00	77.5%	22.2%	100.4%	43.2%	78.3%	6.7%	-1.2%	77.9M	-1.08B	-23.6M	0.72	30.85	53,749	38,470	706,899	375,128
2025-04-15	$174.42	$170.00	73.0%	20.9%	99.2%	31.9%	73.7%	6.0%	1.6%	59.3M	-579.5M	-22.3M	0.57	28.86	46,453	26,648	719,008	385,376
2025-04-16	$170.69	$170.00	76.9%	22.1%	97.1%	41.7%	77.3%	6.3%	-1.3%	30.7M	-254.9M	-21.8M	0.51	32.04	73,967	37,505	728,146	391,687
2025-04-17	$174.74	$170.00	70.7%	20.4%	97.7%	26.3%	71.2%	6.0%	-2.5%	15.8M	-557.0M	-21.9M	0.18	33.60	214,169	39,420	740,773	396,594
2025-04-21	$174.79	$170.00	75.3%	22.2%	97.7%	37.7%	79.3%	4.8%	-0.1%	64.8M	-834.1M	-22.4M	0.61	25.33	43,216	26,412	648,608	354,212
2025-04-22	$190.32	$170.00	76.4%	22.4%	99.9%	40.4%	78.5%	3.5%	-2.1%	121.5M	-2.60B	-25.4M	0.24	20.69	265,606	63,635	660,866	363,036
2025-04-23	$195.81	$170.00	72.0%	20.9%	100.5%	29.4%	74.9%	2.0%	-2.2%	177.2M	-3.46B	-26.1M	0.22	18.43	247,564	53,715	709,568	383,050
2025-04-24	$203.58	$185.00	69.8%	20.7%	100.6%	24.2%	73.0%	3.2%	-1.6%	275.5M	-4.62B	-27.4M	0.29	20.97	162,070	47,748	759,539	396,293
2025-04-25	$207.50	$185.00	68.1%	20.0%	100.3%	20.0%	71.5%	3.0%	-1.1%	288.8M	-5.12B	-27.2M	0.17	17.55	296,429	50,199	771,461	409,094
2025-04-28	$204.22	$185.00	69.1%	21.1%	94.2%	22.4%	74.9%	2.5%	1.3%	99.6M	-2.92B	-26.8M	0.45	23.97	74,663	33,467	667,878	365,736
2025-04-29	$205.93	$185.00	66.0%	20.3%	93.7%	14.8%	71.9%	2.5%	-1.3%	112.1M	-3.04B	-26.8M	0.49	25.40	37,144	18,309	678,940	377,831
2025-04-30	$200.65	$185.00	66.8%	20.9%	94.5%	16.9%	74.0%	2.7%	-0.1%	74.8M	-2.40B	-25.9M	0.44	31.65	54,428	23,807	690,210	382,663