COPX Options History — August 2021

In August 2021, COPX traded between $33.14 and $38.32. 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 0.5% (HV 20d: 35.8%). Max pain ranged from $35.00 to $37.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.77.

Notable Days

  • 2021-08-17: Highest Volume — 1,048 contracts
  • 2021-08-09: Largest IV spike — 4.4% change
  • 2021-08-19: Highest IV Rank — 14.2%
  • 2021-08-19: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.44$33.14$38.32$38.01$36.94
Max Pain$35.27$35.00$37.00$35.00$35.00
ATM IV35.3%32.6%38.1%34.9%33.3%
Expected Move10.2%9.6%10.9%10.0%9.6%
HV 20d35.8%28.0%40.2%40.2%38.7%
HV 60d35.4%32.8%36.9%36.8%36.5%
IV Rank12.7%11.3%14.2%12.5%11.7%
IV Percentile40.7%26.9%55.0%36.9%29.7%
Term Structure2.1%1.1%4.0%2.4%3.9%
VWIV35.7%33.5%37.9%34.9%33.6%
Skew 25d1.5%-0.6%3.2%1.7%2.1%
Skew 10d3.0%-6.2%13.9%3.1%3.4%
Call IV 25d35.1%32.2%37.4%34.6%32.2%
Put IV 25d36.7%34.3%39.5%36.3%34.3%
Bid-Ask Spread %40.5015.3174.4571.5332.56
Gamma HHI0.090.060.120.120.07
Net GEX104.9K-33.1K225.8K202.6K82.5K
Net DEX-1.8M-4.5M3.0M-4.5M-2.4M
Net VEX-31.0K-35.5K-25.2K-35.5K-31.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.106.492.481.00
Total Volume383.5731,048905112
Total OI7,558.1826,6078,4377,1307,528

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$38.01$35.0034.9%10.0%40.2%12.5%34.9%1.7%2.4%202.6K-4.5M-35.5K2.4871.53N/AN/A2606454,5952,535
2021-08-03$37.82$35.0035.1%10.1%39.0%12.6%36.2%2.0%2.3%186.8K-4.0M-34.7K0.1117.29N/AN/A386424,5332,542
2021-08-04$37.33$35.0034.0%9.7%38.7%12.0%34.0%0.6%1.4%165.5K-3.2M-35.0K0.1374.45N/AN/A467604,6133,109
2021-08-05$37.23$35.0033.9%10.5%37.4%12.0%36.8%0.0%1.2%158.9K-3.0M-34.6K0.4532.68N/AN/A130584,5203,113
2021-08-06$37.16$35.0032.6%10.3%34.3%11.3%36.3%0.4%1.2%157.5K-2.8M-33.4K0.2029.67N/AN/A61124,4343,104
2021-08-09$36.78$35.0034.1%10.4%34.5%12.0%36.8%0.3%2.4%139.7K-2.2M-31.7K0.4926.23N/AN/A119584,4053,109
2021-08-10$37.47$35.0035.2%10.5%34.8%12.7%36.8%2.0%1.2%165.8K-3.1M-31.8K0.6241.37N/AN/A97604,3963,116
2021-08-11$38.18$35.0036.4%10.4%34.9%13.3%36.2%2.4%1.3%195.4K-4.1M-31.5K0.2240.65N/AN/A165364,3873,135
2021-08-12$37.78$35.0035.9%10.3%35.2%13.1%35.1%2.8%2.1%179.3K-3.4M-30.8K0.7638.94N/AN/A1431094,4393,176
2021-08-13$38.32$35.0035.7%10.2%32.1%12.9%35.8%1.0%1.1%225.8K-4.5M-30.7K0.1035.55N/AN/A829804,4903,160
2021-08-16$37.27$35.0036.4%10.4%28.0%13.3%36.5%0.6%2.1%188.3K-2.7M-30.0K0.4860.41N/AN/A133644,5923,173
2021-08-17$35.61$36.0036.7%10.5%32.8%13.5%36.7%1.7%4.0%124.1K-1.5M-30.2K0.1136.30N/AN/A9421065,1663,165
2021-08-18$35.06$36.0037.1%10.6%30.1%13.7%37.3%-0.6%1.8%92.7K-610.5K-29.9K0.7823.98N/AN/A1701335,2273,210
2021-08-19$33.23$37.0038.1%10.9%35.2%14.2%37.9%2.3%1.4%-28.8K2.7M-26.0K0.4043.73N/AN/A6272525,0393,285
2021-08-20$33.14$36.0036.5%10.5%35.1%13.4%36.0%1.8%1.9%-31.0K3.0M-25.2K6.4971.77N/AN/A593835,0213,321
2021-08-23$34.60$36.0036.5%10.5%37.0%13.4%35.4%2.1%1.3%-33.1K949.1K-27.3K0.1469.73N/AN/A458653,5833,024
2021-08-24$35.41$35.0035.1%10.1%38.2%12.6%35.3%2.8%2.7%-27.0K225.5K-28.4K0.3319.68N/AN/A282933,6063,176
2021-08-25$35.59$35.0034.5%9.9%37.9%12.3%33.5%2.1%3.7%10.8K-405.1K-29.7K0.2919.96N/AN/A121353,8843,174
2021-08-26$35.27$35.0035.5%10.2%36.0%12.8%35.5%0.5%2.4%12.4K-178.0K-30.8K0.3215.31N/AN/A79254,0833,237
2021-08-27$36.66$35.0034.1%9.8%38.7%12.1%34.8%3.2%2.6%61.0K-1.9M-31.9K0.6621.24N/AN/A1701124,1413,265
2021-08-30$36.87$35.0034.7%9.9%38.7%12.4%33.8%2.0%2.8%78.1K-2.3M-32.0K0.4468.06N/AN/A138614,1823,287
2021-08-31$36.94$35.0033.3%9.6%38.7%11.7%33.6%2.1%3.9%82.5K-2.4M-31.0K1.0032.56N/AN/A56564,2193,309