COPX Options History — August 2011

In August 2011, COPX traded between $44.07 and $57.90. ATM implied volatility averaged 47.1%, placing in the 32.3% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded below realized volatility by 14.0% (HV 20d: 61.1%). Max pain ranged from $51.00 to $60.00. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-08-18: Highest Volume — 7 contracts
  • 2011-08-11: Largest IV spike — 338.8% change
  • 2011-08-08: Highest IV Rank — 100.0%
  • 2011-08-11: Largest Expected Move — 42.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.93$44.07$57.90$57.90$51.09
Max Pain$55.04$51.00$60.00$60.00$51.00
ATM IV47.1%25.3%147.5%34.0%26.4%
Expected Move13.5%0.8%42.3%9.8%7.6%
HV 20d61.1%27.1%75.0%27.1%74.8%
HV 60d44.2%29.6%50.0%29.6%50.0%
IV Rank32.3%9.7%100.0%36.9%10.5%
IV Percentile72.3%12.7%100.0%64.2%17.6%
Term Structure-10.4%-107.7%13.1%-6.9%-3.3%
VWIV60.8%60.8%60.8%60.8%60.8%
Skew 25d-40.1%-75.1%-5.0%-5.0%-75.1%
Skew 10d31.1%-10.0%72.2%72.2%-10.0%
Call IV 25d126.4%101.5%151.3%151.3%101.5%
Put IV 25d86.3%26.4%146.3%146.3%26.4%
Bid-Ask Spread %192.22152.10200.00200.00160.00
Gamma HHI0.350.200.820.820.27
Net GEX888-3.1K8.9K8.9K1.8K
Net DEX5.4K-72.0K41.3K-72.0K6.1K
Net VEX-226-775-96-463-259
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.5220713
Total OI61.174421265558

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-08-01$57.90$60.0034.0%9.8%27.1%36.9%0.0%0.0%-6.9%8.9K-72.0K-4630.00200.00N/AN/A104213
2011-08-02$55.71$60.0044.2%12.7%30.2%54.0%0.0%0.0%-10.7%6.3K-45.9K-3220.00200.00N/AN/A004311
2011-08-03$54.66$60.0049.9%14.3%30.8%63.6%0.0%0.0%-13.1%3.3K-9.4K-2070.00200.00N/AN/A00359
2011-08-04$49.68$57.0037.9%10.9%43.9%43.3%0.0%0.0%13.1%-39819.9K-960.00200.00N/AN/A00348
2011-08-05$48.87$60.0042.1%15.4%43.9%50.4%0.0%0.0%-35.1%-241.3K-1430.00200.00N/AN/A00438
2011-08-08$44.07$54.00135.8%38.9%54.3%100.0%0.0%-5.0%-56.1%2.1K-40.4K-7750.00152.10N/AN/A009234
2011-08-09$47.37$51.0026.0%0.8%62.0%11.2%0.0%0.0%6.7%-1.0K41.3K-2170.00200.00N/AN/A005318
2011-08-10$45.54$51.0033.6%13.0%60.8%17.3%0.0%0.0%2.9%-11725.1K-1310.00200.00N/AN/A014311
2011-08-11$48.36$57.00147.5%42.3%66.0%100.0%0.0%0.0%-107.7%1742.0K-1420.00200.00N/AN/A00468
2011-08-12$48.45$60.0060.1%17.2%65.6%35.4%0.0%0.0%-20.4%-1092.8K-1340.00200.00N/AN/A00398
2011-08-15$50.16$51.0038.0%10.9%67.4%19.1%0.0%0.0%-3.3%-2981.5K-1630.00200.00N/AN/A004110
2011-08-16$48.54$51.0037.6%10.8%66.9%18.8%0.0%0.0%2.4%-2129.6K-1560.00200.00N/AN/A005410
2011-08-17$49.44$54.0034.5%9.9%67.0%16.5%0.0%0.0%2.9%6517.8K-1950.00200.00N/AN/A006112
2011-08-18$46.74$51.0046.2%13.2%68.9%25.1%60.8%0.0%-0.1%-16218.6K-1340.00200.00N/AN/A704810
2011-08-19$45.45$57.0042.5%12.2%68.9%22.4%0.0%0.0%7.8%-52039.8K-1520.00200.00N/AN/A005215
2011-08-22$44.97$57.0040.5%11.6%68.8%20.9%0.0%0.0%12.0%15130.3K-1240.00200.00N/AN/A004612
2011-08-23$47.25$54.0040.6%11.6%72.2%21.0%0.0%0.0%-8.9%8432.7K-2250.00200.00N/AN/A005016
2011-08-24$47.10$57.0040.1%11.5%72.1%20.6%0.0%0.0%-5.1%-6323.7K-2180.00188.32N/AN/A004015
2011-08-25$46.65$57.0045.0%12.9%71.9%24.2%0.0%0.0%-6.4%1434.4K-1460.00196.80N/AN/A005315
2011-08-26$47.85$51.0028.0%8.0%73.1%11.6%0.0%0.0%3.2%-3.1K32.0K-1790.00166.00N/AN/A003924
2011-08-29$49.71$54.0027.2%7.8%75.0%11.1%0.0%0.0%-6.6%2.2K-46.5K-3110.00176.50N/AN/A004913
2011-08-30$49.77$51.0025.3%7.3%74.2%9.7%0.0%-75.1%-7.1%7708.7K-3140.00181.46N/AN/A004224
2011-08-31$51.09$51.0026.4%7.6%74.8%10.5%0.0%0.0%-3.3%1.8K6.1K-2590.00160.00N/AN/A304216