COIN Options History — July 2025

In July 2025, COIN traded between $336.77 and $417.03. ATM implied volatility averaged 64.8%, placing in the 29.6% IV rank vs the trailing year. The 30-day expected move averaged 18.8%. IV traded below realized volatility by 5.6% (HV 20d: 70.4%). Max pain ranged from $250.00 to $290.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.53.

Notable Days

2025-07-18: Highest Volume — 929,894 contracts
2025-07-10: Largest IV spike — 7.7% change
2025-07-10: Highest IV Rank — 42.5%
2025-07-18: Largest Expected Move — 20.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$382.89	$336.77	$417.03	$336.77	$378.54
Max Pain	$263.18	$250.00	$290.00	$290.00	$280.00
ATM IV	64.8%	60.1%	71.3%	61.4%	61.8%
Expected Move	18.8%	16.4%	20.0%	16.4%	18.9%
HV 20d	70.4%	38.1%	90.7%	90.7%	38.1%
HV 60d	82.1%	79.1%	91.6%	91.6%	80.0%
IV Rank	29.6%	20.3%	42.5%	22.9%	23.7%
IV Percentile	24.1%	7.9%	47.6%	11.5%	13.5%
Term Structure	-1.2%	-4.4%	3.3%	-0.1%	-3.1%
VWIV	67.0%	60.2%	72.1%	60.2%	67.7%
Skew 25d	-3.9%	-9.0%	1.1%	-3.5%	0.5%
Skew 10d	-3.3%	-14.9%	22.0%	-2.8%	9.6%
Call IV 25d	68.4%	62.3%	78.6%	65.4%	62.3%
Put IV 25d	64.5%	60.0%	69.7%	61.9%	62.8%
Bid-Ask Spread %	24.83	17.71	32.23	18.42	27.19
Gamma HHI	0.06	0.04	0.13	0.05	0.06
Net GEX	277.7M	109.9M	551.8M	109.9M	176.8M
Net DEX	-14.63B	-21.52B	-9.93B	-10.07B	-11.06B
Net VEX	-44.0M	-46.1M	-42.0M	-43.2M	-42.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.53	0.32	0.94	0.33	0.35
Total Volume	299,973.136	128,210	929,894	348,107	215,836
Total OI	1,269,000.636	1,128,762	1,432,217	1,250,420	1,197,110

Daily Data (22 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
2025-07-01	$336.77	$290.00	61.4%	16.4%	90.7%	22.9%	60.2%	-3.5%	-0.1%	109.9M	-10.07B	-43.2M	0.33	18.42	261,473	86,634	746,951	503,469
2025-07-02	$354.65	$290.00	64.0%	17.1%	90.5%	28.1%	61.4%	-4.2%	-0.5%	283.3M	-13.64B	-45.5M	0.32	18.39	208,944	67,725	802,429	515,002
2025-07-03	$353.34	$250.00	62.9%	18.4%	90.1%	25.9%	66.6%	-3.0%	3.3%	280.1M	-13.48B	-45.1M	0.74	28.42	100,247	74,581	820,730	522,947
2025-07-07	$355.62	$250.00	65.3%	18.8%	87.2%	30.6%	67.5%	-8.3%	0.1%	270.8M	-13.04B	-43.6M	0.55	31.27	96,118	53,051	710,086	469,662
2025-07-08	$353.03	$250.00	61.5%	18.1%	87.5%	23.2%	66.0%	-0.4%	1.6%	274.2M	-12.50B	-42.8M	0.40	28.03	107,840	43,641	725,259	487,251
2025-07-09	$371.78	$250.00	66.2%	18.7%	88.3%	32.4%	67.3%	-5.9%	-1.4%	390.6M	-16.13B	-43.5M	0.48	30.79	225,909	109,560	745,530	499,823
2025-07-10	$388.26	$250.00	71.3%	19.3%	88.2%	42.5%	68.9%	-9.0%	-3.3%	467.1M	-19.18B	-44.6M	0.39	29.54	337,007	129,786	794,730	535,573
2025-07-11	$384.31	$250.00	68.0%	19.1%	87.5%	35.8%	67.7%	-7.3%	-2.6%	447.8M	-18.39B	-45.1M	0.49	29.02	331,545	163,906	847,626	570,777
2025-07-14	$392.69	$250.00	67.1%	19.2%	85.2%	34.2%	69.2%	-8.5%	-0.9%	322.8M	-17.27B	-43.9M	0.62	23.36	125,971	77,649	742,599	512,624
2025-07-15	$387.28	$250.00	66.7%	19.0%	85.8%	33.3%	69.3%	-5.5%	-0.7%	303.9M	-16.16B	-44.2M	0.62	32.23	170,358	105,829	759,786	537,576
2025-07-16	$401.65	$250.00	66.9%	19.2%	83.5%	33.7%	67.5%	-7.0%	-2.1%	404.1M	-18.78B	-44.3M	0.42	21.24	228,311	95,437	777,466	560,686
2025-07-17	$412.25	$250.00	66.1%	19.0%	81.1%	32.2%	65.9%	-6.5%	-2.3%	503.1M	-20.95B	-44.5M	0.35	19.55	348,630	122,141	804,683	578,773
2025-07-18	$416.61	$250.00	69.3%	20.0%	61.3%	38.5%	72.1%	-4.0%	-1.6%	551.8M	-21.52B	-46.1M	0.60	20.09	582,526	347,368	824,373	607,844
2025-07-21	$417.03	$260.00	67.1%	19.9%	61.5%	34.2%	70.5%	-5.3%	-0.6%	221.6M	-15.67B	-44.4M	0.94	30.31	140,197	131,346	671,820	476,923
2025-07-22	$405.54	$270.00	66.3%	19.6%	63.5%	32.6%	69.5%	-2.5%	-1.4%	152.6M	-13.71B	-44.9M	0.65	29.78	135,953	88,063	689,670	526,567
2025-07-23	$396.14	$270.00	63.2%	18.5%	51.4%	26.4%	67.0%	-2.4%	-0.8%	123.0M	-12.57B	-44.2M	0.56	20.33	182,167	102,922	713,246	539,903
2025-07-24	$399.87	$270.00	63.3%	18.5%	51.0%	26.7%	66.4%	-2.5%	-1.0%	178.7M	-13.44B	-44.6M	0.39	26.75	174,246	68,535	728,811	550,224
2025-07-25	$392.46	$270.00	60.1%	17.6%	47.3%	20.3%	62.5%	-2.3%	-0.9%	198.0M	-13.16B	-44.0M	0.61	21.18	194,997	119,300	786,982	554,838
2025-07-28	$379.00	$280.00	63.1%	18.9%	44.0%	26.3%	67.4%	0.3%	-2.3%	150.8M	-10.75B	-43.0M	0.74	17.71	106,667	79,253	651,845	476,917
2025-07-29	$371.24	$280.00	62.7%	19.2%	44.4%	25.5%	67.9%	1.1%	-4.4%	140.2M	-9.93B	-42.6M	0.60	19.73	80,844	48,686	677,918	487,896
2025-07-30	$375.59	$280.00	61.5%	19.1%	41.8%	23.2%	66.7%	0.8%	-2.5%	157.6M	-10.53B	-42.3M	0.49	22.91	85,977	42,233	688,038	495,051
2025-07-31	$378.54	$280.00	61.8%	18.9%	38.1%	23.7%	67.7%	0.5%	-3.1%	176.8M	-11.06B	-42.0M	0.35	27.19	159,607	56,229	694,987	502,123