COIN Options History — December 2025

In December 2025, COIN traded between $226.76 and $278.62. ATM implied volatility averaged 54.3%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded below realized volatility by 4.3% (HV 20d: 58.6%). Max pain ranged from $240.00 to $250.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.72.

Notable Days

2025-12-05: Highest Volume — 311,989 contracts
2025-12-19: Largest IV drop — 4.3% change
2025-12-01: Highest IV Rank — 25.3%
2025-12-01: Largest Expected Move — 19.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$254.99	$226.76	$278.62	$259.88	$226.76
Max Pain	$243.86	$240.00	$250.00	$250.00	$240.00
ATM IV	54.3%	47.9%	62.6%	62.6%	48.0%
Expected Move	15.7%	13.4%	19.1%	19.1%	13.5%
HV 20d	58.6%	39.4%	76.7%	76.7%	39.4%
HV 60d	65.5%	61.5%	66.8%	66.6%	61.5%
IV Rank	9.9%	0.0%	25.3%	25.3%	0.3%
IV Percentile	12.9%	0.0%	35.7%	35.7%	0.8%
Term Structure	0.7%	-0.8%	5.9%	-0.1%	5.9%
VWIV	57.1%	49.6%	68.7%	68.7%	52.4%
Skew 25d	0.0%	-1.2%	1.5%	0.7%	0.2%
Skew 10d	-0.2%	-2.1%	3.2%	0.5%	-0.2%
Call IV 25d	55.3%	48.4%	63.1%	63.1%	49.3%
Put IV 25d	55.3%	48.1%	63.8%	63.8%	49.6%
Bid-Ask Spread %	37.76	18.21	54.12	28.32	30.81
Gamma HHI	0.06	0.03	0.16	0.03	0.06
Net GEX	55.8M	-49.8M	182.2M	70.3M	-49.8M
Net DEX	-1.24B	-3.94B	1.37B	-1.66B	1.37B
Net VEX	-32.4M	-37.0M	-27.4M	-34.3M	-27.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.72	0.32	1.42	1.06	1.06
Total Volume	188,672.727	94,185	311,989	173,917	291,447
Total OI	1,314,958.636	1,126,653	1,466,514	1,286,340	1,178,217

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
2025-12-01	$259.88	$250.00	62.6%	19.1%	76.7%	25.3%	68.7%	0.7%	-0.1%	70.3M	-1.66B	-34.3M	1.06	28.32	84,230	89,687	783,558	502,782
2025-12-02	$265.00	$250.00	60.2%	18.5%	76.5%	20.6%	66.2%	-0.4%	0.9%	93.4M	-2.19B	-35.4M	0.47	18.21	104,465	49,573	794,685	542,916
2025-12-03	$277.16	$250.00	59.0%	17.8%	75.9%	18.3%	67.6%	-1.2%	0.2%	173.0M	-3.79B	-37.0M	0.41	23.54	118,897	49,290	807,391	556,078
2025-12-04	$274.95	$240.00	58.4%	17.1%	74.0%	17.0%	61.9%	-0.4%	1.4%	182.2M	-3.52B	-36.7M	0.56	43.42	86,433	48,753	823,284	563,150
2025-12-05	$269.68	$240.00	57.6%	16.7%	68.8%	15.5%	59.8%	0.1%	-0.7%	129.7M	-2.49B	-35.0M	0.40	43.52	223,463	88,526	828,659	571,614
2025-12-08	$274.85	$240.00	58.0%	16.9%	66.8%	16.2%	59.4%	-1.1%	0.6%	126.8M	-3.37B	-36.2M	0.42	42.28	81,259	33,748	787,148	543,990
2025-12-09	$278.02	$240.00	57.3%	16.6%	65.4%	14.8%	59.3%	0.6%	0.4%	156.8M	-3.91B	-36.4M	0.41	46.10	103,155	42,151	805,861	555,643
2025-12-10	$278.62	$240.00	56.0%	16.5%	63.3%	12.4%	58.6%	0.4%	1.3%	178.6M	-3.94B	-36.0M	0.47	40.20	63,952	30,233	819,227	564,373
2025-12-11	$270.67	$240.00	55.5%	16.0%	63.8%	11.4%	56.8%	-0.1%	0.4%	107.6M	-2.48B	-34.5M	0.75	51.79	120,480	90,428	827,477	572,526
2025-12-12	$268.66	$240.00	54.7%	15.9%	57.6%	9.8%	56.5%	-0.9%	1.0%	37.2M	-2.35B	-34.4M	0.32	54.12	229,767	72,639	854,247	586,314
2025-12-15	$249.11	$250.00	56.5%	16.2%	63.1%	13.3%	57.9%	1.1%	0.3%	11.8M	-326.0M	-31.0M	0.91	46.31	90,340	81,865	813,251	562,612
2025-12-16	$252.33	$250.00	54.9%	15.7%	56.8%	10.1%	56.3%	1.4%	0.7%	20.3M	-732.5M	-31.6M	0.87	48.10	72,011	62,488	831,285	575,664
2025-12-17	$244.78	$240.00	56.8%	16.3%	57.5%	13.8%	57.8%	0.9%	-0.0%	-15.6M	37.2M	-30.8M	0.47	46.82	171,180	80,459	845,294	582,369
2025-12-18	$242.26	$240.00	54.4%	15.6%	56.6%	9.1%	56.4%	1.5%	0.4%	-32.6M	223.7M	-30.1M	1.42	38.02	122,291	173,105	853,278	586,702
2025-12-19	$243.09	$240.00	52.0%	14.9%	52.0%	4.6%	54.5%	0.7%	-0.0%	-10.2M	-356.0M	-30.4M	0.69	45.57	116,250	80,367	882,231	584,283
2025-12-22	$248.47	$240.00	50.0%	14.4%	52.5%	0.5%	52.6%	0.3%	0.3%	71.2M	-776.5M	-31.1M	0.68	29.77	68,200	46,699	642,983	483,670
2025-12-23	$242.32	$240.00	49.1%	14.1%	48.1%	0.0%	51.2%	-0.7%	0.9%	17.2M	52.8M	-29.7M	0.74	29.45	107,398	79,841	655,227	492,514
2025-12-24	$239.56	$250.00	47.9%	13.9%	47.6%	0.0%	52.6%	-0.3%	1.4%	2.2M	456.7M	-29.9M	1.02	32.43	82,439	83,868	668,290	506,140
2025-12-26	$237.45	$250.00	48.0%	13.6%	43.6%	0.2%	49.7%	-0.3%	1.0%	-30.3M	733.6M	-29.1M	0.68	31.91	123,529	84,458	686,920	513,928
2025-12-29	$233.75	$250.00	49.5%	13.6%	42.0%	3.0%	50.2%	-1.1%	-0.8%	4.2M	880.1M	-28.1M	0.99	29.67	62,344	61,956	639,359	494,067
2025-12-30	$232.33	$245.00	48.4%	13.4%	40.1%	1.0%	49.6%	-1.0%	-0.1%	-17.0M	941.1M	-28.0M	1.13	30.46	92,635	104,501	659,025	500,858
2025-12-31	$226.76	$240.00	48.0%	13.5%	39.4%	0.3%	52.4%	0.2%	5.9%	-49.8M	1.37B	-27.4M	1.06	30.81	141,388	150,059	668,983	509,234