COPX Options History — October 2021

In October 2021, COPX traded between $34.20 and $40.12. ATM implied volatility averaged 37.2%, placing in the 13.7% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 4.0% (HV 20d: 33.2%). Max pain ranged from $34.00 to $37.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.77.

Notable Days

  • 2021-10-15: Highest Volume — 1,907 contracts
  • 2021-10-11: Largest IV spike — 11.0% change
  • 2021-10-04: Highest IV Rank — 15.9%
  • 2021-10-04: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.35$34.20$40.12$34.59$37.32
Max Pain$35.24$34.00$37.00$36.00$37.00
ATM IV37.2%34.6%41.1%38.9%34.6%
Expected Move10.6%9.9%11.6%11.2%9.9%
HV 20d33.2%25.8%37.9%37.4%31.6%
HV 60d35.8%34.8%37.4%37.4%35.8%
IV Rank13.7%12.3%15.9%14.7%12.3%
IV Percentile55.1%36.1%75.5%67.1%36.1%
Term Structure0.4%-1.1%1.9%1.0%1.3%
VWIV37.3%34.7%40.8%38.3%35.8%
Skew 25d1.5%-0.4%4.3%4.3%-0.2%
Skew 10d2.3%-5.1%7.0%0.9%2.7%
Call IV 25d37.0%33.6%40.5%37.7%35.9%
Put IV 25d38.5%35.3%43.3%42.0%35.7%
Bid-Ask Spread %28.2518.7445.8426.1924.99
Gamma HHI0.170.090.360.110.24
Net GEX192.3K-51.5K566.8K-26.7K308.7K
Net DEX-4.1M-10.8M1.9M1.1M-3.2M
Net VEX-38.2K-47.3K-30.1K-31.9K-46.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.171.691.261.21
Total Volume963.238821,9071221,176
Total OI8,741.9055,82910,1818,7189,632

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-10-01$34.59$36.0038.9%11.2%37.4%14.7%38.3%4.3%1.0%-26.7K1.1M-31.9K1.2626.19N/AN/A54685,3423,376
2021-10-04$34.56$34.0041.1%11.6%36.7%15.9%40.8%2.8%-0.5%-28.1K1.3M-31.7K0.2326.34N/AN/A206475,4523,456
2021-10-05$34.78$34.0039.9%11.3%36.8%15.2%40.5%2.7%0.1%-21.3K814.8K-31.8K0.8224.69N/AN/A45375,4863,433
2021-10-06$34.20$34.0039.0%11.1%35.6%14.7%38.9%3.0%0.7%-30.6K1.9M-30.1K0.2028.19N/AN/A243495,6123,454
2021-10-07$35.39$34.0038.4%11.0%37.6%14.4%38.1%2.2%-0.6%-30.6K-56.1K-31.9K1.6930.92N/AN/A1692865,6173,466
2021-10-08$35.41$34.0036.0%10.9%36.7%13.1%38.1%1.8%0.4%-51.5K-487.5K-32.4K0.4229.63N/AN/A198845,7143,469
2021-10-11$36.35$34.0039.9%11.2%37.9%15.2%39.2%2.7%-0.8%-6.1K-2.8M-32.0K0.2730.98N/AN/A7532025,8183,391
2021-10-12$36.51$34.0039.4%11.0%37.6%14.9%38.5%1.0%0.8%-20.6K-3.2M-32.0K0.1930.85N/AN/A201395,8803,366
2021-10-13$37.39$34.0037.9%10.9%37.7%14.1%38.5%1.6%0.8%99.4K-5.6M-34.0K0.4733.29N/AN/A7573566,3503,453
2021-10-14$38.68$34.0036.3%10.4%35.8%13.3%36.3%2.0%0.1%307.9K-8.6M-35.1K0.2333.06N/AN/A9252126,4353,445
2021-10-15$39.73$34.0038.0%10.9%34.6%14.1%38.1%1.0%-1.1%566.8K-10.8M-37.4K0.3018.74N/AN/A1,4654426,7093,472
2021-10-18$40.12$35.0037.5%10.7%26.3%13.9%37.3%1.2%-0.6%217.2K-7.1M-35.9K0.3725.22N/AN/A5982213,9581,871
2021-10-19$39.92$36.0036.5%10.5%26.7%13.4%36.8%-0.4%-0.2%347.4K-8.6M-41.6K0.1720.89N/AN/A437764,9821,968
2021-10-20$39.99$36.0036.0%10.3%25.8%13.1%36.5%1.0%-0.2%393.3K-9.3M-45.2K1.2722.64N/AN/A5486945,5142,184
2021-10-21$38.66$36.0035.0%10.0%29.5%12.6%35.4%0.5%1.7%367.0K-6.7M-43.7K1.3025.71N/AN/A6908995,5462,218
2021-10-22$38.26$36.0034.6%9.9%29.5%12.3%34.9%3.0%1.8%343.9K-5.5M-44.6K1.6045.84N/AN/A5809305,6002,497
2021-10-25$39.13$37.0035.8%10.3%30.2%13.0%35.8%0.7%-0.1%356.3K-6.9M-45.7K0.9632.78N/AN/A9569145,6472,767
2021-10-26$38.59$37.0034.6%9.9%30.0%12.4%34.7%-0.3%1.9%346.2K-5.9M-45.1K0.8329.43N/AN/A9327715,7142,785
2021-10-27$37.33$37.0036.1%10.3%32.0%13.1%36.5%0.6%1.2%275.3K-3.4M-45.2K0.8726.87N/AN/A9167945,9872,998
2021-10-28$37.43$37.0035.6%10.2%31.6%12.9%35.3%0.5%0.9%324.2K-3.6M-47.3K1.4326.07N/AN/A5177416,3773,139
2021-10-29$37.32$37.0034.6%9.9%31.6%12.3%35.8%-0.2%1.3%308.7K-3.2M-46.6K1.2124.99N/AN/A5316456,4153,217