COPX Options History — May 2012

In May 2012, COPX traded between $32.61 and $41.28. ATM implied volatility averaged 71.1%, placing in the 35.4% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 41.6% (HV 20d: 29.5%). Max pain ranged from $43.98 to $49.98. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 13 of 22 days.

Notable Days

  • 2012-05-23: Largest IV spike — 845.9% change
  • 2012-05-30: Highest IV Rank — 92.6%
  • 2012-05-29: Largest Expected Move — 44.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.39$32.61$41.28$41.28$32.61
Max Pain$44.31$43.98$49.98$43.98$43.98
ATM IV71.1%15.8%166.3%27.2%162.8%
Expected Move10.9%4.1%44.6%7.8%44.6%
HV 20d29.5%26.0%31.7%29.6%31.6%
HV 60d29.5%28.1%31.2%28.1%30.2%
IV Rank35.4%2.2%92.6%9.0%90.5%
IV Percentile55.2%2.4%99.2%19.0%98.0%
Term Structure4.4%-53.6%129.9%2.4%-27.4%
Skew 25d4.2%-37.6%32.6%-37.6%-15.6%
Skew 10d0.8%-74.0%32.7%-74.0%3.4%
Call IV 25d67.2%22.0%186.0%69.5%142.0%
Put IV 25d71.3%25.3%189.7%31.9%126.4%
Bid-Ask Spread %141.19111.85180.70122.15179.12
Gamma HHI0.720.501.000.501.00
Net GEX3201761760
Net DEX-195-1.3K0-1.3K0
Net VEX-1-70-70
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI2.8180333

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-05-01$41.28$0.0027.2%7.8%29.6%9.0%0.0%-37.6%2.4%176-1.3K-70.00122.15N/AN/A0030
2012-05-02$40.68$0.0023.1%6.6%29.5%6.5%0.0%2.7%4.0%151-965-60.00116.33N/AN/A0030
2012-05-03$39.81$0.0025.7%7.4%28.6%8.1%0.0%4.3%1.1%114-673-40.00115.57N/AN/A0030
2012-05-04$38.52$43.9826.1%7.4%30.6%8.4%0.0%4.6%8.0%64-343-20.00117.78N/AN/A0030
2012-05-07$38.19$43.9826.2%7.7%30.2%8.4%0.0%9.4%5.9%63-361-20.00111.85N/AN/A0030
2012-05-08$37.08$43.9834.5%6.5%31.5%13.4%0.0%3.3%12.8%19-70-10.00117.24N/AN/A0030
2012-05-09$36.51$43.9829.4%4.1%31.4%10.3%0.0%2.0%11.2%4-1100.00123.46N/AN/A0030
2012-05-10$36.60$43.9823.8%6.8%26.4%7.0%0.0%2.4%10.7%14-4800.00117.26N/AN/A0030
2012-05-11$36.18$43.9825.5%7.3%26.0%8.0%0.0%1.5%8.6%11-3800.00120.17N/AN/A0030
2012-05-14$34.74$43.9837.5%10.7%28.8%15.2%0.0%11.0%9.8%29-187-10.00124.14N/AN/A0030
2012-05-15$33.39$43.9844.2%12.7%29.3%19.2%0.0%10.4%-1.0%15-89-10.00127.98N/AN/A0030
2012-05-16$33.48$43.9851.9%14.9%29.4%23.9%0.0%21.6%-4.2%23-159-10.00135.40N/AN/A0030
2012-05-17$33.00$43.9843.1%12.4%29.4%18.6%0.0%8.7%0.4%6-2700.00128.75N/AN/A0030
2012-05-18$32.76$43.9845.1%12.9%28.6%19.8%0.0%10.8%4.0%9-4400.00127.37N/AN/A0030
2012-05-21$33.75$43.98145.9%0.0%30.8%80.4%0.0%32.6%-53.6%0000.00173.08N/AN/A0030
2012-05-22$33.42$43.9815.8%4.5%30.5%2.2%0.0%3.9%129.9%0000.00168.73N/AN/A0030
2012-05-23$33.36$49.98149.4%0.0%28.6%82.5%0.0%7.3%0.0%0000.00161.49N/AN/A0020
2012-05-24$33.27$43.98151.0%0.0%28.0%83.4%0.0%23.2%-43.5%0000.00179.64N/AN/A0030
2012-05-25$32.91$43.98153.3%0.0%26.5%84.8%0.0%-6.1%0.0%0000.00178.96N/AN/A0030
2012-05-29$34.11$0.00155.6%44.6%31.4%86.2%0.0%3.7%-27.4%0000.00180.70N/AN/A0000
2012-05-30$33.00$43.98166.3%0.0%31.7%92.6%0.0%-12.8%0.0%0000.00178.93N/AN/A0030
2012-05-31$32.61$43.98162.8%0.0%31.6%90.5%0.0%-15.6%0.0%0000.00179.12N/AN/A0030