COPX Options History — March 2021

In March 2021, COPX traded between $33.68 and $35.61. ATM implied volatility averaged 41.9%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 9.8% (HV 20d: 32.0%). Max pain ranged from $33.00 to $34.00. Net GEX was positive for 3 of 6 trading days. Term structure was in contango for 4 of 6 days. Put/call ratio averaged 0.75.

Notable Days

2021-03-26: Highest Volume — 31 contracts
2021-03-30: Largest IV drop — 23.5% change
2021-03-29: Highest IV Rank — 19.9%
2021-03-29: Largest Expected Move — 13.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$34.79	$33.68	$35.61	$33.99	$35.61
Max Pain	$33.25	$33.00	$34.00	$33.00	$34.00
ATM IV	41.9%	32.2%	48.6%	46.8%	32.2%
Expected Move	12.0%	9.2%	13.9%	13.4%	9.2%
HV 20d	32.0%	29.6%	32.9%	31.2%	32.6%
HV 60d	31.2%	30.5%	31.7%	30.6%	31.2%
IV Rank	16.3%	11.0%	19.9%	18.9%	11.0%
IV Percentile	58.0%	38.2%	69.5%	68.7%	38.2%
Term Structure	3.8%	-8.7%	13.1%	-0.8%	7.4%
VWIV	40.3%	29.8%	51.6%	51.6%	32.6%
Skew 25d	-4.2%	-34.4%	11.3%	2.1%	11.3%
Skew 10d	9.8%	7.9%	11.7%	9.4%	11.7%
Call IV 25d	48.6%	34.7%	61.1%	47.9%	34.7%
Put IV 25d	44.5%	26.7%	51.8%	49.9%	46.0%
Bid-Ask Spread %	139.57	132.34	147.98	147.98	137.26
Gamma HHI	0.61	0.37	1.00	1.00	0.37
Net GEX	1.2K	-893	3.5K	0	3.5K
Net DEX	-28.9K	-77.2K	4.9K	0	-77.2K
Net VEX	-139	-284	0	0	-284
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.00	3.33	3.33	0.13
Total Volume	12.833	1	31	1	17
Total OI	28.167	0	58	0	58

Daily Data (6 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-03-24	$33.99	$0.00	46.8%	13.4%	31.2%	18.9%	0.0%	2.1%	-0.8%	0	0	0	0.00	147.98	N/A	N/A	0	1	0	0
2021-03-25	$33.68	$0.00	46.7%	13.4%	29.6%	18.8%	51.6%	4.9%	4.2%	-46	1.6K	-10	3.33	142.45	N/A	N/A	3	10	0	1
2021-03-26	$35.13	$33.00	40.0%	11.5%	32.9%	15.3%	47.2%	-7.7%	7.4%	-893	4.9K	-60	0.00	132.34	N/A	N/A	31	0	3	11
2021-03-29	$35.07	$33.00	48.6%	13.9%	32.9%	19.9%	0.0%	-1.1%	-8.7%	2.2K	-45.3K	-213	0.00	141.25	N/A	N/A	6	0	34	11
2021-03-30	$35.28	$33.00	37.1%	10.6%	32.9%	13.7%	29.8%	-34.4%	13.1%	2.6K	-57.3K	-269	0.29	136.13	N/A	N/A	7	2	40	11
2021-03-31	$35.61	$34.00	32.2%	9.2%	32.6%	11.0%	32.6%	11.3%	7.4%	3.5K	-77.2K	-284	0.13	137.26	N/A	N/A	15	2	45	13