COPX Options History — July 2021

In July 2021, COPX traded between $33.50 and $38.51. ATM implied volatility averaged 35.3%, placing in the 12.7% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded below realized volatility by 0.7% (HV 20d: 36.1%). Max pain ranged from $30.00 to $38.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.44.

Notable Days

  • 2021-07-16: Highest Volume — 505 contracts
  • 2021-07-06: Largest IV spike — 21.2% change
  • 2021-07-19: Highest IV Rank — 14.4%
  • 2021-07-08: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.50$33.50$38.51$36.98$37.82
Max Pain$34.00$30.00$38.00$38.00$35.00
ATM IV35.3%30.1%38.5%33.8%33.7%
Expected Move10.2%8.6%11.2%9.7%9.7%
HV 20d36.1%31.5%40.2%32.9%40.2%
HV 60d36.4%35.0%37.8%36.2%37.0%
IV Rank12.7%9.9%14.4%11.9%11.8%
IV Percentile36.7%18.1%47.4%29.3%30.1%
Term Structure2.5%0.1%7.8%4.2%2.5%
VWIV35.7%28.9%39.5%33.8%33.9%
Skew 25d1.1%-2.2%3.9%0.5%0.6%
Skew 10d2.6%-5.5%15.7%2.2%-2.5%
Call IV 25d35.4%31.4%40.0%35.2%33.9%
Put IV 25d36.5%31.7%40.6%35.7%34.5%
Bid-Ask Spread %45.5815.7774.1229.6073.60
Gamma HHI0.110.090.220.110.11
Net GEX54.9K-52.5K188.4K31.0K186.3K
Net DEX-1.4M-4.8M1.6M-1.6M-4.1M
Net VEX-35.5K-41.7K-29.0K-41.7K-35.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.031.531.530.12
Total Volume294.286155505205227
Total OI7,801.9526,1389,0258,7817,006

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$36.98$38.0033.8%9.7%32.9%11.9%33.8%0.5%4.2%31.0K-1.6M-41.7K1.5329.60N/AN/A811245,1533,628
2021-07-02$37.17$38.0030.1%8.6%32.2%9.9%28.9%0.3%7.8%35.7K-1.9M-40.9K0.1271.60N/AN/A208255,1793,621
2021-07-06$36.22$30.0036.5%11.0%32.2%13.3%39.5%-1.5%3.3%179-396.0K-38.6K1.2044.99N/AN/A1641965,2833,619
2021-07-07$37.02$30.0035.5%11.1%33.6%12.8%38.4%0.6%2.0%38.7K-1.8M-39.5K0.7032.11N/AN/A141995,3123,601
2021-07-08$36.06$31.0037.5%11.2%34.5%13.9%39.0%1.0%2.3%10.3K-406.9K-37.7K0.3555.66N/AN/A235825,3063,591
2021-07-09$37.58$34.0032.9%10.5%38.2%11.4%36.5%0.7%3.3%67.9K-2.8M-38.4K0.5730.54N/AN/A2821615,3153,597
2021-07-12$37.57$34.0036.9%10.5%38.0%13.6%37.3%1.1%2.6%74.8K-2.7M-37.1K0.3519.38N/AN/A254905,3333,538
2021-07-13$37.04$34.0037.2%10.4%37.9%13.7%36.1%-0.0%3.0%21.6K-1.6M-36.2K0.2532.30N/AN/A190485,4473,558
2021-07-14$36.50$34.0036.7%10.5%35.0%13.4%36.0%-2.2%2.3%-21.2K-545.8K-35.5K0.5727.24N/AN/A169965,4553,570
2021-07-15$36.56$34.0036.4%10.4%33.8%13.3%36.0%0.3%0.9%-52.5K-474.7K-34.6K0.8864.04N/AN/A106935,4343,578
2021-07-16$35.19$34.0036.3%10.4%31.5%13.2%35.3%0.5%1.0%-16.8K1.6M-32.3K0.5868.37N/AN/A3201855,3803,565
2021-07-19$33.50$34.0038.5%11.0%36.1%14.4%39.0%1.3%0.1%15.3K1.3M-29.0K0.2864.77N/AN/A3811073,7672,371
2021-07-20$34.12$34.0036.9%10.6%35.0%13.6%36.2%1.9%1.4%22.5K859.8K-30.2K0.1040.67N/AN/A156163,8632,451
2021-07-21$35.53$34.0035.0%10.0%37.6%12.6%35.9%3.9%2.9%56.3K-534.7K-32.8K0.6867.66N/AN/A125853,9552,459
2021-07-22$35.80$34.0033.3%9.6%36.9%11.6%33.2%2.1%3.3%66.2K-868.9K-33.4K0.1019.22N/AN/A141144,0092,479
2021-07-23$35.96$34.0033.9%9.7%37.0%12.0%35.2%2.7%3.1%77.0K-1.1M-33.6K0.0323.06N/AN/A26484,1032,484
2021-07-26$37.07$34.0034.2%9.8%38.4%12.1%34.1%3.0%3.2%105.4K-2.4M-33.9K0.2829.48N/AN/A268744,0992,484
2021-07-27$36.91$34.0036.7%10.5%38.1%13.5%36.3%0.9%1.5%111.0K-2.5M-34.1K0.0574.12N/AN/A222114,1602,487
2021-07-28$37.39$35.0035.3%10.1%38.3%12.7%34.2%3.2%0.1%134.1K-2.9M-34.4K0.1873.00N/AN/A199354,1962,525
2021-07-29$38.51$35.0034.2%9.8%39.6%12.1%34.1%2.1%2.4%188.4K-4.8M-35.4K0.2515.77N/AN/A399994,3592,521
2021-07-30$37.82$35.0033.7%9.7%40.2%11.8%33.9%0.6%2.5%186.3K-4.1M-35.7K0.1273.60N/AN/A202254,4652,541