COPX Options History — September 2021

In September 2021, COPX traded between $33.34 and $37.88. ATM implied volatility averaged 37.1%, placing in the 13.7% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded below realized volatility by 1.7% (HV 20d: 38.7%). Max pain ranged from $35.00 to $37.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.49.

Notable Days

  • 2021-09-20: Highest Volume — 552 contracts
  • 2021-09-07: Largest IV spike — 17.3% change
  • 2021-09-20: Highest IV Rank — 16.6%
  • 2021-09-20: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.73$33.34$37.88$36.63$34.30
Max Pain$36.67$35.00$37.00$35.00$36.00
ATM IV37.1%30.2%42.4%33.0%40.5%
Expected Move10.8%9.5%12.2%9.5%11.6%
HV 20d38.7%36.1%41.4%38.5%37.7%
HV 60d36.7%34.5%37.9%36.5%37.7%
IV Rank13.7%9.9%16.6%11.5%15.5%
IV Percentile55.5%18.9%75.5%28.9%73.9%
Term Structure1.7%-0.4%4.2%4.2%-0.2%
VWIV37.7%33.0%42.4%33.0%39.7%
Skew 25d1.5%-0.4%3.9%-0.3%2.1%
Skew 10d2.1%-0.3%7.9%7.9%4.5%
Call IV 25d37.3%33.3%42.6%33.3%39.7%
Put IV 25d38.8%33.1%43.6%33.1%41.7%
Bid-Ask Spread %49.4019.1772.0333.2728.30
Gamma HHI0.090.080.150.080.11
Net GEX57.8K-46.6K253.7K85.2K-31.6K
Net DEX-758.1K-4.4M2.5M-2.1M1.6M
Net VEX-29.0K-31.5K-25.4K-31.1K-29.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.101.210.410.44
Total Volume288.429101552212362
Total OI7,925.1437,1098,4477,5948,294

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-09-01$36.63$35.0033.0%9.5%38.5%11.5%33.0%-0.3%4.2%85.2K-2.1M-31.1K0.4133.27N/AN/A150624,2853,309
2021-09-02$37.15$37.0032.0%10.2%38.9%10.9%34.8%3.0%4.0%110.6K-2.8M-30.7K0.1034.72N/AN/A248254,3043,306
2021-09-03$37.74$37.0030.2%10.0%39.3%9.9%36.2%0.9%3.5%135.8K-3.7M-31.2K1.2157.06N/AN/A901094,3433,365
2021-09-07$37.27$37.0035.4%10.6%39.4%12.8%37.0%1.1%3.1%141.5K-3.1M-30.5K0.1264.00N/AN/A202254,4833,372
2021-09-08$36.09$37.0036.6%10.5%40.4%13.4%37.9%0.9%2.9%77.5K-1.2M-29.0K0.4745.58N/AN/A2601224,5183,449
2021-09-09$36.50$37.0037.2%10.7%40.0%13.7%37.0%1.5%1.5%103.6K-2.0M-30.0K0.2064.62N/AN/A84174,6423,463
2021-09-10$37.27$37.0037.3%10.7%40.7%13.8%37.2%-0.3%2.1%161.7K-3.4M-31.5K0.2036.02N/AN/A195394,7463,555
2021-09-13$37.59$37.0037.3%10.7%40.4%13.8%37.4%1.1%1.2%190.6K-3.9M-30.6K0.1866.61N/AN/A123224,7543,565
2021-09-14$37.01$37.0036.6%10.5%39.6%13.4%36.9%-0.4%1.8%169.9K-2.9M-30.0K0.1865.52N/AN/A125224,8213,562
2021-09-15$37.88$37.0036.2%10.4%36.6%13.2%36.8%3.1%2.1%253.7K-4.4M-29.9K0.3266.49N/AN/A100324,8573,562
2021-09-16$36.24$37.0036.8%10.6%39.8%13.5%37.3%0.6%2.1%105.9K-1.4M-28.8K0.7868.99N/AN/A2111644,8793,568
2021-09-17$35.20$37.0038.6%11.1%36.1%14.5%38.2%0.4%-0.1%-10.9K525.9K-26.7K0.6622.38N/AN/A2931944,8663,578
2021-09-20$33.34$37.0042.4%12.2%41.4%16.6%42.4%1.0%-0.4%-30.1K2.4M-25.4K1.0864.91N/AN/A2662864,2732,836
2021-09-21$33.53$37.0039.7%11.4%38.3%15.1%41.1%1.7%0.7%-28.8K2.2M-26.4K1.1066.54N/AN/A1041144,4702,879
2021-09-22$34.50$37.0039.7%11.4%38.8%15.1%39.4%1.6%0.7%-32.9K1.1M-28.4K0.1238.43N/AN/A281334,4882,965
2021-09-23$34.97$37.0037.2%10.7%39.1%13.7%36.9%3.5%1.6%-46.6K749.2K-28.8K0.8619.71N/AN/A1881624,4873,060
2021-09-24$34.62$36.0035.3%10.1%39.1%12.7%36.2%1.3%2.2%-42.6K1.1M-28.3K0.4136.75N/AN/A130534,5913,080
2021-09-27$34.75$36.0037.8%10.8%36.3%14.1%36.8%3.9%0.1%-34.2K961.3K-27.6K0.7866.18N/AN/A1951534,6813,084
2021-09-28$34.21$36.0039.9%11.4%36.4%15.2%39.6%3.7%0.3%-36.0K1.8M-27.6K0.4472.03N/AN/A2601144,7783,130
2021-09-29$33.61$36.0038.9%11.1%36.7%14.7%40.4%0.5%1.2%-27.5K2.5M-27.6K0.1719.17N/AN/A379634,9383,242
2021-09-30$34.30$36.0040.5%11.6%37.7%15.5%39.7%2.1%-0.2%-31.6K1.6M-29.0K0.4428.30N/AN/A2521104,9733,321