COPX Options History — January 2022

In January 2022, COPX traded between $36.74 and $40.89. ATM implied volatility averaged 35.3%, placing in the 12.7% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 6.2% (HV 20d: 29.1%). Max pain ranged from $37.00 to $39.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 2.05.

Notable Days

  • 2022-01-18: Highest Volume — 2,818 contracts
  • 2022-01-12: Largest IV spike — 18.2% change
  • 2022-01-24: Highest IV Rank — 15.6%
  • 2022-01-24: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.45$36.74$40.89$36.79$37.30
Max Pain$38.25$37.00$39.00$39.00$38.00
ATM IV35.3%28.8%40.6%31.9%38.9%
Expected Move10.3%8.9%11.6%9.2%11.2%
HV 20d29.1%23.4%34.1%25.5%34.1%
HV 60d30.3%28.7%30.9%29.8%30.9%
IV Rank12.7%9.2%15.6%10.9%14.7%
IV Percentile38.4%4.8%75.1%12.4%65.5%
Term Structure0.1%-3.3%3.5%0.4%-3.3%
VWIV36.6%30.6%41.0%34.1%38.4%
Skew 25d1.6%-1.3%3.8%-0.3%2.8%
Skew 10d3.7%-0.6%9.1%5.7%9.1%
Call IV 25d36.2%29.5%40.2%29.5%36.7%
Put IV 25d37.8%29.2%43.1%29.2%39.5%
Bid-Ask Spread %41.9717.9176.8176.8130.79
Gamma HHI0.230.130.470.140.14
Net GEX369.8K57.5K880.7K192.1K65.9K
Net DEX-3.7M-11.9M950.3K895.4K-761.7K
Net VEX-38.8K-41.6K-36.0K-39.0K-36.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.050.823.873.870.82
Total Volume1,811.056842,8181,709684
Total OI11,039.257,06713,37211,7957,927

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-01-03$36.79$39.0031.9%9.2%25.5%10.9%34.1%-0.3%0.4%192.1K895.4K-39.0K3.8776.81N/AN/A3511,3586,8274,968
2022-01-04$37.44$39.0031.9%9.1%24.6%10.9%30.8%1.7%3.0%283.9K-479.1K-38.5K3.1069.80N/AN/A4731,4686,8295,017
2022-01-05$36.97$39.0031.1%8.9%23.7%10.5%30.6%3.7%3.5%223.9K444.3K-38.7K1.7365.66N/AN/A7741,3386,8935,017
2022-01-06$36.74$38.0031.2%9.8%23.4%10.5%34.2%3.3%0.9%215.7K950.3K-39.0K2.9346.29N/AN/A4911,4377,1125,011
2022-01-07$37.56$38.0029.8%9.9%24.3%9.7%34.3%1.1%0.6%324.5K-879.0K-38.9K3.6225.34N/AN/A3921,4187,0405,115
2022-01-10$37.38$37.0032.5%10.0%24.3%11.2%35.6%1.3%0.4%286.2K-134.8K-38.1K3.2045.70N/AN/A4551,4577,0725,108
2022-01-11$38.52$37.0028.8%9.9%26.4%9.2%35.0%1.2%-1.4%493.2K-3.4M-39.5K3.2531.64N/AN/A4671,5167,1395,261
2022-01-12$40.60$37.0034.0%9.8%31.2%12.0%35.7%0.9%2.0%588.7K-10.2M-40.5K1.3117.91N/AN/A1,0951,4337,2245,257
2022-01-13$40.27$39.0034.7%10.0%30.8%12.4%36.4%1.1%0.6%701.8K-9.6M-41.1K1.6222.60N/AN/A8491,3747,4055,411
2022-01-14$39.75$38.0034.4%9.9%31.4%12.2%36.3%0.2%1.5%757.7K-7.9M-41.6K1.9146.55N/AN/A7121,3587,5195,438
2022-01-18$39.89$38.0036.8%10.6%31.1%13.5%37.4%0.8%-0.6%880.7K-8.5M-39.0K1.0021.03N/AN/A1,4061,4127,6005,472
2022-01-19$40.89$39.0035.2%10.1%28.3%12.7%37.6%0.6%0.9%733.9K-11.9M-38.9K2.4726.36N/AN/A7691,8967,5425,564
2022-01-20$40.60$39.0036.9%10.6%27.3%13.6%37.4%-1.3%1.4%786.2K-10.1M-38.8K2.3422.28N/AN/A8241,9297,3745,831
2022-01-21$39.22$39.0038.4%11.0%30.4%14.4%38.4%0.4%0.1%293.3K-3.7M-38.3K1.9660.46N/AN/A9381,8377,3216,051
2022-01-24$38.05$39.0040.6%11.6%32.5%15.6%41.0%2.1%-2.5%129.9K-2.5M-38.0K0.9951.35N/AN/A5155084,3212,746
2022-01-25$38.40$38.0038.8%11.1%32.6%14.6%40.0%2.1%-0.3%140.0K-2.9M-38.7K1.0150.75N/AN/A5035074,4052,914
2022-01-26$38.21$38.0038.9%11.2%32.7%14.7%38.2%2.6%-1.3%129.2K-2.5M-38.5K1.1262.27N/AN/A3473874,5113,077
2022-01-27$37.70$38.0040.0%11.5%33.1%15.2%39.6%2.9%-1.7%111.7K-1.8M-38.5K1.1733.54N/AN/A3444014,6003,090
2022-01-28$36.81$38.0040.2%11.5%34.0%15.4%40.4%3.8%-2.1%57.5K-56.7K-36.9K1.6932.20N/AN/A2975014,5963,180
2022-01-31$37.30$38.0038.9%11.2%34.1%14.7%38.4%2.8%-3.3%65.9K-761.7K-36.0K0.8230.79N/AN/A3763084,6083,319