COPX Options History — April 2021

In April 2021, COPX traded between $36.13 and $40.70. ATM implied volatility averaged 41.4%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 10.2% (HV 20d: 31.2%). Max pain ranged from $34.00 to $37.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.56.

Notable Days

  • 2021-04-26: Highest Volume — 203 contracts
  • 2021-04-05: Largest IV spike — 68.6% change
  • 2021-04-13: Highest IV Rank — 27.2%
  • 2021-04-13: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.60$36.13$40.70$36.32$39.48
Max Pain$35.24$34.00$37.00$34.00$37.00
ATM IV41.4%29.5%62.1%29.5%39.0%
Expected Move10.8%8.5%12.2%8.5%11.2%
HV 20d31.2%27.0%35.3%30.9%35.3%
HV 60d32.4%31.2%33.5%31.5%33.5%
IV Rank16.0%9.6%27.2%9.6%14.7%
IV Percentile52.9%28.1%81.9%28.1%49.8%
Term Structure-1.0%-13.2%22.5%22.5%-3.2%
VWIV34.3%23.5%45.5%26.3%41.6%
Skew 25d2.6%-11.4%24.9%14.5%0.9%
Skew 10d11.9%-13.4%27.3%-13.4%11.6%
Call IV 25d35.2%23.7%42.8%34.3%42.8%
Put IV 25d37.8%25.1%48.8%48.8%43.7%
Bid-Ask Spread %119.60105.88137.64134.71109.08
Gamma HHI0.270.150.540.470.23
Net GEX21.5K5.2K57.0K5.2K57.0K
Net DEX-624.9K-1.5M-108.9K-108.9K-1.4M
Net VEX-2.4K-5.2K-331-331-5.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.008.800.030.14
Total Volume74.66732033275
Total OI3737280572805

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$36.32$34.0029.5%8.5%30.9%9.6%26.3%14.5%22.5%5.2K-108.9K-3310.03134.71N/AN/A3115616
2021-04-05$37.45$35.0049.8%11.6%29.3%20.6%0.0%-1.4%-2.6%6.3K-192.1K-4920.00127.67N/AN/A2407716
2021-04-06$37.37$35.0055.1%11.6%28.7%23.4%45.5%0.9%-1.2%8.6K-277.0K-8420.10125.25N/AN/A41412519
2021-04-07$37.22$35.0031.9%11.0%27.0%10.9%0.0%2.6%4.2%6.7K-236.6K-8180.00137.64N/AN/A8011223
2021-04-08$37.87$35.0044.0%11.4%27.0%17.4%30.5%-0.1%-10.2%7.5K-260.4K-8230.00128.61N/AN/A24011723
2021-04-09$37.44$35.0055.7%10.9%27.7%23.7%35.2%-2.9%5.1%10.1K-291.2K-9370.00123.98N/AN/A0314123
2021-04-12$36.13$35.0058.0%10.7%28.1%25.0%39.4%4.0%3.5%9.1K-243.4K-9358.80131.43N/AN/A54414126
2021-04-13$36.79$34.0062.1%12.2%28.6%27.2%24.3%4.1%-6.7%6.8K-207.5K-1.1K0.53128.50N/AN/A1115914271
2021-04-14$38.35$34.0037.4%10.7%31.2%13.8%32.0%7.3%0.9%6.4K-302.4K-1.1K0.62122.47N/AN/A915614573
2021-04-15$39.70$34.0038.5%11.0%30.4%14.5%37.3%-2.4%-3.6%10.0K-492.7K-2.1K0.07116.77N/AN/A16311219114
2021-04-16$39.75$34.0035.6%10.2%30.5%12.9%30.6%-1.5%-13.2%21.0K-635.3K-2.7K0.01115.85N/AN/A1431307125
2021-04-19$39.51$34.0036.4%10.4%30.6%13.3%34.8%4.5%-6.2%21.7K-652.7K-2.8K0.03112.73N/AN/A111330993
2021-04-20$38.38$35.0038.9%11.1%33.4%14.6%34.7%5.2%2.2%24.4K-635.3K-3.3K0.03115.99N/AN/A40136896
2021-04-21$38.97$35.0035.6%10.2%33.4%12.9%35.8%24.9%1.2%24.8K-683.4K-3.3K0.16110.80N/AN/A25437397
2021-04-22$38.34$36.0035.4%10.1%34.4%12.7%23.5%9.4%-0.4%25.3K-638.2K-3.4K0.13122.38N/AN/A152382100
2021-04-23$39.17$36.0035.8%10.2%34.4%13.0%35.1%11.5%-1.9%25.7K-754.4K-3.3K0.33112.70N/AN/A93391102
2021-04-26$40.58$36.0039.8%11.4%33.5%15.1%36.1%-4.2%0.6%31.7K-942.5K-3.2K0.06105.88N/AN/A19112393104
2021-04-27$40.52$37.0039.1%11.2%33.5%14.8%33.4%-11.4%-13.1%42.8K-1.3M-4.1K0.07109.02N/AN/A745528114
2021-04-28$40.70$37.0033.9%9.7%33.5%12.0%34.5%-9.2%3.0%50.0K-1.4M-4.5K0.07113.84N/AN/A695589117
2021-04-29$40.56$37.0037.3%10.7%33.7%13.8%40.9%-2.8%-0.9%51.2K-1.5M-5.0K0.01106.23N/AN/A1031642119
2021-04-30$39.48$37.0039.0%11.2%35.3%14.7%41.6%0.9%-3.2%57.0K-1.4M-5.2K0.14109.08N/AN/A669685120