COPX Options History — June 2021

In June 2021, COPX traded between $34.80 and $41.93. ATM implied volatility averaged 39.1%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 3.5% (HV 20d: 35.6%). Max pain ranged from $37.00 to $39.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.91.

Notable Days

  • 2021-06-15: Highest Volume — 2,053 contracts
  • 2021-06-23: Largest IV drop — 11.5% change
  • 2021-06-01: Highest IV Rank — 18.3%
  • 2021-06-01: Largest Expected Move — 13.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.33$34.80$41.93$41.93$37.10
Max Pain$38.32$37.00$39.00$39.00$38.00
ATM IV39.1%34.8%45.6%45.6%35.4%
Expected Move11.2%10.0%13.1%13.1%10.2%
HV 20d35.6%32.0%40.4%40.1%33.8%
HV 60d35.4%33.5%37.4%34.3%36.2%
IV Rank14.8%12.4%18.3%18.3%12.8%
IV Percentile44.7%34.1%61.0%61.0%35.7%
Term Structure3.1%-2.8%6.6%-2.8%4.0%
VWIV39.1%34.8%42.9%42.9%35.0%
Skew 25d-1.2%-3.5%0.6%-0.8%0.6%
Skew 10d-1.1%-14.5%4.6%1.2%4.2%
Call IV 25d39.7%35.1%44.5%42.1%35.1%
Put IV 25d38.5%35.0%41.4%41.3%35.7%
Bid-Ask Spread %61.2122.1981.6474.6022.19
Gamma HHI0.090.070.100.100.10
Net GEX102.3K-68.6K323.0K323.0K38.5K
Net DEX-2.9M-9.3M4.2M-9.3M-1.8M
Net VEX-37.3K-43.0K-29.8K-36.5K-42.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.910.153.690.640.44
Total Volume700.51082,053510108
Total OI8,147.8186,7929,8786,7928,741

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-06-01$41.93$39.0045.6%13.1%40.1%18.3%42.9%-0.8%-2.8%323.0K-9.3M-36.5K0.6474.60N/AN/A3111995,4061,386
2021-06-02$41.39$39.0042.1%12.1%40.4%16.4%41.6%-2.5%-1.8%305.8K-8.5M-37.0K1.1581.64N/AN/A2112425,5381,501
2021-06-03$40.32$38.0043.2%12.3%38.8%17.0%42.9%-3.5%1.3%241.0K-6.6M-36.9K0.6854.42N/AN/A4382985,7031,740
2021-06-04$41.02$39.0042.1%11.8%38.8%16.4%41.1%-1.2%5.1%248.8K-7.3M-37.6K0.5258.07N/AN/A2391245,6851,886
2021-06-07$40.01$39.0039.6%11.7%36.8%15.1%40.8%-0.2%2.4%167.9K-5.1M-35.4K0.8960.04N/AN/A2652355,6831,949
2021-06-08$39.94$39.0040.6%11.5%35.7%15.6%41.0%0.0%3.5%174.7K-5.0M-36.7K0.2360.18N/AN/A165385,7742,129
2021-06-09$39.71$39.0040.3%11.6%35.7%15.4%40.8%0.1%4.0%177.8K-4.7M-36.2K0.1561.24N/AN/A233355,8622,130
2021-06-10$39.68$39.0038.6%11.1%33.1%14.5%39.9%-2.7%5.0%172.8K-4.6M-35.9K1.6363.31N/AN/A2433965,9732,153
2021-06-11$40.06$38.0038.8%11.1%32.0%14.6%39.3%-1.5%4.7%206.5K-5.6M-37.8K0.2466.30N/AN/A305726,0082,324
2021-06-14$39.41$38.0039.3%11.3%32.4%14.9%39.9%-2.0%4.2%118.8K-4.1M-35.4K0.2465.29N/AN/A4301026,0132,336
2021-06-15$37.72$39.0036.8%10.6%34.9%13.5%36.8%-0.0%5.5%27.3K-474.2K-31.7K0.9368.68N/AN/A1,0659885,9502,381
2021-06-16$36.73$38.0039.6%11.4%34.8%15.1%38.2%-2.7%3.0%-21.8K1.5M-34.0K0.4471.65N/AN/A4752106,0583,080
2021-06-17$34.91$38.0040.2%11.5%33.5%15.3%39.5%-1.1%0.9%-31.8K3.8M-29.8K2.0365.95N/AN/A5811,1786,0093,204
2021-06-18$34.80$38.0039.2%11.2%33.4%14.8%40.1%-2.4%2.7%-68.6K4.2M-34.8K1.3064.45N/AN/A3454506,0163,862
2021-06-21$35.85$38.0039.4%11.3%35.8%14.9%40.0%-0.2%3.2%-50.3K1.0M-36.8K0.5364.91N/AN/A4302294,0493,315
2021-06-22$36.47$38.0040.9%11.7%36.6%15.7%39.2%0.6%2.2%-32.6K196.1K-38.6K0.2170.52N/AN/A5371124,2213,427
2021-06-23$37.20$37.0036.2%10.4%37.4%13.2%35.9%-0.5%4.5%42.5K-1.9M-40.6K0.7868.19N/AN/A6915364,6553,430
2021-06-24$37.30$38.0035.6%10.2%37.0%12.9%36.4%-2.3%4.1%28.5K-2.0M-41.5K1.0268.19N/AN/A1311334,7273,556
2021-06-25$37.73$38.0035.9%10.3%34.5%13.0%36.3%0.1%3.5%62.8K-2.7M-43.0K0.5775.72N/AN/A2191254,8993,538
2021-06-28$37.17$38.0034.8%10.0%34.7%12.4%38.0%-2.2%6.6%53.4K-2.2M-40.7K3.6937.75N/AN/A1977265,0073,539
2021-06-29$36.91$38.0035.6%10.2%33.7%12.9%34.8%-1.7%2.6%65.2K-2.0M-40.9K1.7323.30N/AN/A4998655,0793,330
2021-06-30$37.10$38.0035.4%10.2%33.8%12.8%35.0%0.6%4.0%38.5K-1.8M-42.4K0.4422.19N/AN/A75335,1183,623