COPX Options History — September 2011

In September 2011, COPX traded between $34.71 and $50.34. ATM implied volatility averaged 76.2%, placing in the 47.1% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded above realized volatility by 22.7% (HV 20d: 53.4%). Max pain ranged from $48.00 to $51.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-09-29: Highest Volume — 3 contracts
  • 2011-09-22: Largest IV spike — 346.7% change
  • 2011-09-15: Highest IV Rank — 100.0%
  • 2011-09-30: Largest Expected Move — 33.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.10$34.71$50.34$50.34$34.71
Max Pain$50.80$48.00$51.00$51.00$51.00
ATM IV76.2%13.6%148.2%27.3%115.3%
Expected Move16.1%3.9%33.1%7.8%33.1%
HV 20d53.4%41.2%67.5%66.7%60.1%
HV 60d52.9%49.9%58.1%49.9%58.1%
IV Rank47.1%1.0%100.0%11.1%75.9%
IV Percentile78.0%1.2%100.0%21.9%97.8%
Term Structure-20.8%-83.9%14.1%-6.7%-83.9%
VWIV19.2%19.2%19.2%19.2%19.2%
Skew 25d-29.3%-53.5%-6.8%-53.5%-6.8%
Skew 10d-7.9%-27.2%10.3%10.3%-6.7%
Call IV 25d52.4%14.9%96.1%96.1%14.9%
Put IV 25d23.1%8.2%42.6%42.6%8.2%
Bid-Ask Spread %192.64117.62200.00196.80200.00
Gamma HHI0.550.201.000.200.99
Net GEX-7-6362.2K2.2K1
Net DEX21.8K-19.4K37.1K-19.4K11.6K
Net VEX-67-3300-3300
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.190300
Total OI38.76214696528

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-09-01$50.34$51.0027.3%7.8%66.7%11.1%0.0%-53.5%-6.7%2.2K-19.4K-3300.00196.80N/AN/A004916
2011-09-02$48.75$51.0044.2%12.7%67.5%23.6%0.0%0.0%-13.0%-63627.4K-1150.00166.78N/AN/A004311
2011-09-06$47.67$0.0058.5%10.1%56.2%34.2%0.0%0.0%-4.1%-46433.6K-1030.00200.00N/AN/A004311
2011-09-07$49.53$0.0032.4%11.3%51.9%15.0%0.0%-27.7%0.0%2718.6K-1500.00164.32N/AN/A005710
2011-09-08$48.72$0.0057.2%9.9%50.0%33.3%0.0%-6.8%8.1%-62729.1K-1040.00117.62N/AN/A004311
2011-09-09$46.83$0.0074.9%10.6%47.5%46.3%0.0%0.0%0.0%-24434.3K-860.00200.00N/AN/A005712
2011-09-12$45.57$0.00106.3%12.4%48.3%69.5%0.0%0.0%0.0%-28537.1K-650.00200.00N/AN/A004310
2011-09-13$46.20$0.00112.3%12.1%46.7%74.0%0.0%0.0%-26.1%47619.2K-1270.00200.00N/AN/A004910
2011-09-14$45.87$51.00133.6%0.0%45.5%89.7%0.0%0.0%0.0%-29136.6K-690.00200.00N/AN/A104310
2011-09-15$46.92$51.00148.2%4.6%45.8%100.0%0.0%0.0%3.2%-30234.4K-790.00200.00N/AN/A004210
2011-09-16$46.89$51.0054.8%0.0%41.2%31.3%0.0%0.0%0.0%-30434.6K-780.00200.00N/AN/A004210
2011-09-19$44.25$51.0019.1%5.5%45.1%5.1%19.2%0.0%0.0%-3524.2K-490.00200.00N/AN/A00117
2011-09-20$43.05$48.0013.6%3.9%45.9%1.0%0.0%0.0%0.0%24312.9K-140.00200.00N/AN/A00113
2011-09-21$40.20$51.0020.6%5.9%47.4%6.2%0.0%0.0%0.0%4013.2K-30.00200.00N/AN/A00113
2011-09-22$36.15$51.0092.1%26.4%58.7%58.7%0.0%0.0%0.0%412.0K00.00200.00N/AN/A00113
2011-09-23$36.21$51.0093.4%26.8%59.0%59.7%0.0%0.0%14.1%19324.0K-130.00200.00N/AN/A00177
2011-09-26$36.39$51.0097.7%28.0%57.6%62.9%0.0%0.0%0.0%-20736.6K-230.00200.00N/AN/A001711
2011-09-27$38.43$51.0089.9%25.8%59.9%57.1%0.0%0.0%-54.3%1312.7K-10.00200.00N/AN/A00113
2011-09-28$36.30$51.00102.2%29.3%61.6%66.2%0.0%0.0%0.0%412.1K00.00200.00N/AN/A00113
2011-09-29$36.03$51.00105.8%30.3%59.7%68.8%0.0%0.0%-45.3%312.0K00.00200.00N/AN/A30113
2011-09-30$34.71$51.00115.3%33.1%60.1%75.9%0.0%0.0%-83.9%111.6K00.00200.00N/AN/A00253