COPX Options History — May 2021

In May 2021, COPX traded between $39.34 and $45.11. ATM implied volatility averaged 44.9%, placing in the 17.9% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 7.5% (HV 20d: 37.4%). Max pain ranged from $36.00 to $42.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.29.

Notable Days

  • 2021-05-10: Highest Volume — 1,918 contracts
  • 2021-05-06: Largest IV spike — 34.6% change
  • 2021-05-12: Highest IV Rank — 22.9%
  • 2021-05-12: Largest Expected Move — 15.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.73$39.34$45.11$39.99$41.24
Max Pain$39.10$36.00$42.00$36.00$39.00
ATM IV44.9%35.4%54.2%44.3%43.6%
Expected Move12.8%10.1%15.5%12.7%12.5%
HV 20d37.4%33.5%41.3%34.1%40.0%
HV 60d34.4%33.0%35.6%33.5%35.0%
IV Rank17.9%12.8%22.9%17.6%17.2%
IV Percentile58.9%40.6%73.5%59.4%55.0%
Term Structure-0.9%-10.2%7.5%-1.8%-1.3%
VWIV44.8%40.1%49.4%41.7%42.5%
Skew 25d1.5%-4.3%6.3%-4.3%1.7%
Skew 10d3.5%-14.9%25.0%5.2%2.3%
Call IV 25d44.6%37.8%50.6%44.3%41.2%
Put IV 25d46.1%38.6%55.5%40.1%42.9%
Bid-Ask Spread %83.9058.73118.35118.3572.98
Gamma HHI0.140.080.240.230.09
Net GEX174.9K58.1K306.3K59.4K306.3K
Net DEX-4.6M-8.2M-1.6M-1.6M-8.2M
Net VEX-20.4K-35.8K-5.6K-5.6K-35.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.011.010.531.01
Total Volume564.4911,918116549
Total OI3,5478586,4358586,435

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$39.99$36.0044.3%12.7%34.1%17.6%41.7%-4.3%-1.8%59.4K-1.6M-5.6K0.53118.35N/AN/A7640729129
2021-05-04$40.34$36.0041.2%11.8%34.1%15.9%45.6%3.3%-1.7%58.1K-1.7M-6.0K0.17111.12N/AN/A7813780138
2021-05-05$41.99$38.0035.4%10.1%36.3%12.8%40.1%2.8%-4.4%70.8K-2.2M-6.2K0.01107.42N/AN/A1451833149
2021-05-06$42.69$36.0047.6%12.0%36.2%19.4%41.8%-2.1%-4.6%63.9K-2.5M-6.5K0.20103.21N/AN/A26552885150
2021-05-07$44.29$36.0041.5%13.1%37.2%16.1%44.6%6.3%-4.9%72.7K-3.2M-7.7K0.01102.27N/AN/A877111,053169
2021-05-10$45.11$36.0044.9%12.0%33.5%17.9%46.9%0.3%-1.5%113.1K-5.0M-11.4K0.1190.22N/AN/A1,7351831,595178
2021-05-11$45.02$40.0052.4%15.5%33.7%22.0%45.1%-1.0%-1.6%210.6K-6.5M-21.1K0.3398.26N/AN/A4881612,804305
2021-05-12$43.14$42.0054.2%15.5%36.4%22.9%48.4%6.2%-10.2%201.9K-5.8M-22.7K0.2487.61N/AN/A5331293,027436
2021-05-13$41.91$42.0041.1%11.8%36.7%15.9%43.6%-3.8%7.5%202.3K-4.9M-23.2K0.2391.08N/AN/A4681093,223524
2021-05-14$41.88$42.0043.2%12.4%36.8%17.0%43.6%3.9%0.2%209.8K-5.0M-23.9K0.1586.55N/AN/A280433,313589
2021-05-17$42.44$42.0045.8%13.1%36.8%18.4%47.5%1.2%1.7%215.5K-5.4M-24.5K0.6066.94N/AN/A2021213,404629
2021-05-18$43.00$42.0045.8%13.1%34.8%18.4%46.9%1.4%0.7%229.2K-6.1M-25.4K0.3767.98N/AN/A2731023,520731
2021-05-19$40.57$42.0049.4%14.2%41.3%20.3%49.4%0.5%-0.3%168.6K-3.8M-24.6K0.2965.49N/AN/A4801413,675829
2021-05-20$40.57$42.0045.6%13.1%40.7%18.3%44.7%1.3%1.3%182.8K-3.8M-25.0K0.1258.73N/AN/A659793,833921
2021-05-21$39.94$39.0045.3%13.0%40.6%18.1%45.5%1.8%0.9%278.3K-4.0M-24.9K0.3164.27N/AN/A4941534,156978
2021-05-24$39.94$38.0043.7%12.5%38.5%17.2%43.5%2.6%1.1%195.0K-5.0M-25.9K0.4168.70N/AN/A3691533,894797
2021-05-25$39.34$38.0044.1%12.6%38.9%17.5%46.4%2.5%0.5%194.1K-4.6M-27.4K0.2671.42N/AN/A369974,126947
2021-05-26$39.87$38.0044.9%12.9%39.2%17.9%45.9%4.0%-2.7%209.6K-5.3M-28.8K0.2171.69N/AN/A324684,3441,043
2021-05-27$41.32$38.0043.3%12.4%41.3%17.0%42.8%2.0%3.7%257.0K-7.2M-31.5K0.1973.75N/AN/A8121564,5651,104
2021-05-28$41.24$39.0043.6%12.5%40.0%17.2%42.5%1.7%-1.3%306.3K-8.2M-35.8K1.0172.98N/AN/A2732765,2291,206