COPX Options History — December 2021

In December 2021, COPX traded between $34.63 and $37.15. ATM implied volatility averaged 35.7%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 5.9% (HV 20d: 29.8%). Max pain ranged from $36.00 to $40.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.58.

Notable Days

  • 2021-12-08: Highest Volume — 2,389 contracts
  • 2021-12-14: Largest IV spike — 12.8% change
  • 2021-12-03: Highest IV Rank — 17.6%
  • 2021-12-03: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.25$34.63$37.15$35.27$37.02
Max Pain$38.64$36.00$40.00$36.00$39.00
ATM IV35.7%29.2%44.3%43.7%29.2%
Expected Move10.1%8.4%12.7%12.5%8.4%
HV 20d29.8%26.1%34.9%32.8%26.5%
HV 60d31.7%29.6%34.1%34.0%30.5%
IV Rank13.0%9.4%17.6%17.3%9.4%
IV Percentile38.3%7.6%82.7%81.5%7.6%
Term Structure0.4%-10.2%3.9%-3.7%3.9%
VWIV37.9%32.2%44.9%43.2%38.3%
Skew 25d1.8%-1.9%4.6%3.7%0.9%
Skew 10d3.7%-0.8%8.5%3.2%5.5%
Call IV 25d35.2%28.0%44.3%43.5%29.0%
Put IV 25d37.0%29.8%49.0%47.2%29.9%
Bid-Ask Spread %56.9136.4492.5162.6179.04
Gamma HHI0.210.120.350.280.15
Net GEX-50.5K-404.4K224.7K-260.7K224.7K
Net DEX2.3M-363.6K6.7M5.9M497.8K
Net VEX-47.4K-59.3K-38.7K-58.4K-40.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.580.844.011.352.85
Total Volume1,304.4099102,3899101,773
Total OI13,274.81811,03514,65414,27711,837

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$35.27$36.0043.7%12.5%32.8%17.3%43.2%3.7%-3.7%-260.7K5.9M-58.4K1.3562.61N/AN/A3885227,0357,242
2021-12-02$35.59$36.0040.6%11.6%33.0%15.6%41.8%3.6%-0.9%-250.5K5.0M-59.3K1.7653.60N/AN/A3385957,0507,272
2021-12-03$34.91$36.0044.3%12.7%33.5%17.6%44.9%4.6%-2.9%-283.7K6.7M-57.3K1.1459.95N/AN/A5336107,0467,321
2021-12-06$35.83$39.0041.1%11.4%34.9%15.8%41.2%3.3%0.4%-272.4K4.1M-57.7K1.3551.93N/AN/A4556137,2177,320
2021-12-07$36.72$39.0036.1%10.3%34.3%13.2%37.0%1.2%2.5%-154.6K1.3M-56.5K1.0948.65N/AN/A5075527,2277,313
2021-12-08$37.15$39.0035.9%10.2%33.9%13.0%35.5%2.0%2.2%-40.4K-363.6K-55.8K4.0153.42N/AN/A4771,9127,3637,291
2021-12-09$36.74$39.0035.8%10.1%32.7%13.0%36.3%2.1%1.7%-11.6K331.0K-53.6K1.8753.41N/AN/A3316207,4606,663
2021-12-10$36.51$39.0033.6%9.8%28.2%11.8%32.3%1.9%2.2%-74.9K1.1M-50.7K1.6353.92N/AN/A3756117,4726,669
2021-12-13$36.56$39.0036.1%9.8%27.8%13.2%35.1%1.4%3.1%-82.1K721.3K-48.3K2.1454.86N/AN/A4589827,4936,664
2021-12-14$36.14$39.0040.8%9.9%26.6%15.7%36.1%1.4%3.2%-214.3K2.1M-47.5K0.8462.23N/AN/A5924977,5496,895
2021-12-15$35.64$39.0036.7%10.5%26.8%13.5%41.0%1.9%-2.3%-404.4K3.8M-46.0K1.4159.28N/AN/A4726647,5846,896
2021-12-16$36.06$39.0035.6%10.2%26.9%12.9%36.7%0.7%2.7%-223.8K1.7M-45.8K1.2438.35N/AN/A4906067,5576,884
2021-12-17$35.78$39.0034.6%9.9%27.0%12.4%34.0%1.3%2.2%-77.4K2.3M-43.2K0.9164.38N/AN/A6035507,5806,860
2021-12-20$34.63$39.0035.7%10.2%29.4%12.9%35.9%2.1%0.9%-7.0K4.4M-39.4K0.9157.57N/AN/A5294826,3104,725
2021-12-21$35.77$39.0034.5%9.9%31.7%12.3%32.2%2.6%1.5%52.5K2.5M-40.4K1.0636.44N/AN/A6146506,5194,738
2021-12-22$36.46$39.0033.0%9.5%32.3%11.5%39.4%-0.6%2.4%82.7K1.5M-40.9K1.0643.73N/AN/A6627056,6314,920
2021-12-23$36.89$39.0034.5%9.9%32.5%12.3%38.7%-1.9%-1.8%138.4K239.4K-42.0K1.1041.03N/AN/A6316936,7514,941
2021-12-27$37.08$39.0032.6%9.3%27.1%11.2%34.0%0.7%-0.8%181.8K211.8K-40.0K1.2840.76N/AN/A5477026,6914,920
2021-12-28$37.03$39.0030.4%8.7%26.1%10.1%37.9%2.3%2.3%180.2K771.0K-38.7K1.6159.18N/AN/A4998056,7694,980
2021-12-29$37.12$39.0030.8%8.8%26.1%10.3%41.6%0.8%-10.2%184.3K837.0K-38.9K2.0392.51N/AN/A6831,3896,7355,103
2021-12-30$36.67$40.0030.6%8.8%26.5%10.2%39.6%4.3%0.4%202.0K3.8M-40.8K2.1785.08N/AN/A6251,3556,8685,685
2021-12-31$37.02$39.0029.2%8.4%26.5%9.4%38.3%0.9%3.9%224.7K497.8K-40.5K2.8579.04N/AN/A4601,3136,8724,965