COPX Options History — April 2012

In April 2012, COPX traded between $39.09 and $41.79. ATM implied volatility averaged 73.5%, placing in the 39.7% IV rank vs the trailing year. The 30-day expected move averaged 25.5%. IV traded above realized volatility by 43.8% (HV 20d: 29.8%). Max pain ranged from $42.00 to $42.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 11 of 20 days.

Notable Days

  • 2012-04-12: Largest IV spike — 234.9% change
  • 2012-04-13: Highest IV Rank — 100.0%
  • 2012-04-20: Largest Expected Move — 51.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.41$39.09$41.79$41.79$40.89
Max Pain$42.00$42.00$42.00$42.00$42.00
ATM IV73.5%22.8%178.6%22.8%29.5%
Expected Move25.5%6.5%51.2%6.5%8.5%
HV 20d29.8%26.4%31.9%30.7%30.4%
HV 60d28.5%27.9%29.1%28.0%28.4%
IV Rank39.7%7.8%100.0%7.8%10.4%
IV Percentile51.6%8.3%100.0%8.3%27.8%
Term Structure7.4%-66.1%117.4%117.4%4.3%
Skew 25d2.1%-44.6%31.6%7.2%-44.6%
Skew 10d-23.5%-76.8%7.3%5.1%-76.8%
Call IV 25d73.4%22.8%188.1%22.8%75.6%
Put IV 25d75.5%28.2%189.2%30.0%31.0%
Bid-Ask Spread %145.45108.69181.46115.93112.33
Gamma HHI0.630.500.740.670.51
Net GEX-151-473192-284176
Net DEX-190-2.0K1.4K-1.8K-1.8K
Net VEX-17-26-7-26-9
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI4.43553

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-04-02$41.79$42.0022.8%6.5%30.7%7.8%0.0%7.2%117.4%-284-1.8K-260.00115.93N/AN/A0032
2012-04-03$41.16$42.0026.2%7.5%27.7%10.3%0.0%5.0%114.4%-290-1.0K-260.00115.20N/AN/A0032
2012-04-04$39.96$42.0027.0%7.7%29.1%10.9%0.0%1.6%108.5%-246552-230.00115.03N/AN/A0032
2012-04-05$40.35$42.0027.1%7.8%27.4%11.0%0.0%2.7%107.8%-299189-230.00114.69N/AN/A0032
2012-04-09$39.69$0.0029.9%43.1%27.7%13.0%0.0%2.0%-29.2%-206963-210.00180.87N/AN/A0032
2012-04-10$39.09$0.0024.4%24.3%27.6%9.0%0.0%-3.9%-39.1%-1031.4K-190.00179.81N/AN/A0032
2012-04-11$39.45$0.0030.2%44.3%26.4%13.2%0.0%3.1%-39.6%-1471.3K-190.00180.85N/AN/A0032
2012-04-12$41.16$0.00101.1%29.0%30.3%65.4%0.0%1.2%52.3%-399-795-230.00180.63N/AN/A0032
2012-04-13$40.32$0.00156.9%45.0%30.9%100.0%0.0%2.6%-32.0%-317480-200.00181.46N/AN/A0032
2012-04-16$39.84$0.00165.0%47.3%30.9%100.0%0.0%26.5%-37.0%-1841.3K-180.00180.53N/AN/A0032
2012-04-17$40.59$0.00159.3%45.7%31.7%96.2%0.0%27.5%-47.7%-383285-190.00180.90N/AN/A0032
2012-04-18$40.62$0.00176.3%50.5%30.7%100.0%0.0%31.6%-40.9%-381857-180.00169.15N/AN/A0032
2012-04-19$40.53$0.00164.6%47.2%30.7%92.9%0.0%28.4%-51.3%-2901.1K-180.00181.30N/AN/A0032
2012-04-20$40.83$0.00178.6%51.2%29.4%100.0%0.0%29.6%-66.1%-4731.3K-180.00161.88N/AN/A0032
2012-04-23$39.51$0.0032.7%9.4%31.1%12.3%0.0%5.0%1.2%134-1.3K-70.00111.35N/AN/A0030
2012-04-24$39.69$0.0032.0%9.2%30.7%11.9%0.0%5.2%2.5%134-1.2K-80.00113.00N/AN/A0030
2012-04-25$40.53$0.0025.7%7.4%31.9%8.1%0.0%-13.6%10.8%166-1.8K-100.00113.35N/AN/A0030
2012-04-26$40.83$0.0030.3%8.7%29.8%10.9%0.0%-38.2%5.6%175-2.0K-100.00112.13N/AN/A0030
2012-04-27$41.40$0.0030.8%8.8%30.2%11.2%0.0%-37.7%5.2%192-2.0K-100.00108.69N/AN/A0030
2012-04-30$40.89$0.0029.5%8.5%30.4%10.4%0.0%-44.6%4.3%176-1.8K-90.00112.33N/AN/A0030