COPX Options History — February 2022

In February 2022, COPX traded between $38.02 and $42.42. ATM implied volatility averaged 36.7%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 7.1% (HV 20d: 29.6%). Max pain ranged from $38.00 to $40.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.78.

Notable Days

  • 2022-02-18: Highest Volume — 1,753 contracts
  • 2022-02-28: Largest IV spike — 10.7% change
  • 2022-02-14: Highest IV Rank — 15.3%
  • 2022-02-14: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.31$38.02$42.42$38.04$42.42
Max Pain$39.47$38.00$40.00$38.00$40.00
ATM IV36.7%33.9%40.0%34.3%39.9%
Expected Move10.6%9.7%11.5%9.8%11.4%
HV 20d29.6%22.9%35.3%34.7%23.9%
HV 60d29.3%27.2%31.2%31.1%28.3%
IV Rank13.5%12.0%15.3%12.2%15.2%
IV Percentile46.2%16.1%74.3%20.1%74.3%
Term Structure0.2%-2.2%1.8%0.7%-2.2%
VWIV37.1%33.0%41.3%34.1%39.3%
Skew 25d2.6%-1.6%4.9%3.3%2.1%
Skew 10d6.1%0.8%14.1%5.7%6.6%
Call IV 25d36.5%32.6%39.9%33.6%38.7%
Put IV 25d39.1%36.0%43.6%36.9%40.8%
Bid-Ask Spread %36.3422.3355.9434.9037.92
Gamma HHI0.180.140.310.140.23
Net GEX285.1K118.3K430.3K118.7K378.5K
Net DEX-6.4M-10.1M-2.0M-2.0M-8.9M
Net VEX-33.2K-36.5K-30.3K-36.5K-30.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.231.910.340.50
Total Volume897.1585601,7531,064857
Total OI8,107.5796,7339,0867,9587,398

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$38.04$38.0034.3%9.8%34.7%12.2%34.1%3.3%0.7%118.7K-2.0M-36.5K0.3434.90N/AN/A7922724,6403,318
2022-02-02$38.47$38.0033.9%9.7%34.4%12.0%33.0%3.4%0.8%153.9K-2.9M-35.9K0.7940.67N/AN/A3222554,5433,333
2022-02-03$38.02$39.0035.8%10.3%34.3%13.0%36.5%1.2%0.8%118.3K-2.0M-34.9K0.7440.73N/AN/A3222384,5683,335
2022-02-04$38.42$39.0035.6%10.2%34.4%12.9%35.4%2.6%1.8%148.4K-2.6M-34.6K0.9938.66N/AN/A3373344,5923,345
2022-02-07$38.68$38.0034.5%10.2%33.6%12.3%35.1%2.5%-0.3%173.0K-3.3M-34.4K0.5833.10N/AN/A4972864,6093,449
2022-02-08$39.60$38.0034.1%10.2%34.4%12.0%35.7%1.8%1.1%291.4K-5.5M-34.4K0.8927.29N/AN/A3673274,7513,479
2022-02-09$41.12$40.0036.4%10.4%35.3%13.3%36.3%1.9%0.7%353.2K-9.1M-34.5K0.8526.20N/AN/A4603934,8313,582
2022-02-10$41.12$40.0036.9%10.6%30.1%13.6%37.1%-1.6%1.6%381.3K-9.3M-34.9K0.5040.76N/AN/A5912944,9403,707
2022-02-11$40.82$40.0039.8%11.4%30.1%15.1%41.2%3.7%-0.9%315.7K-7.9M-35.6K0.5035.19N/AN/A6523254,8543,743
2022-02-14$41.04$40.0040.0%11.5%29.7%15.3%41.3%4.9%-0.7%368.7K-8.4M-33.9K0.7534.76N/AN/A4923704,9243,783
2022-02-15$41.19$40.0037.1%10.6%29.7%13.7%39.0%3.2%0.2%425.8K-8.9M-32.8K1.9136.00N/AN/A4147914,9413,839
2022-02-16$41.59$40.0036.2%10.4%28.6%13.2%37.4%3.1%0.4%430.1K-10.1M-31.5K0.7432.10N/AN/A3922894,9704,088
2022-02-17$41.02$40.0036.1%10.3%28.9%13.1%37.7%3.9%1.6%430.3K-8.9M-31.5K0.8434.77N/AN/A4133484,9874,095
2022-02-18$40.91$40.0036.7%10.5%25.8%13.5%37.6%3.0%0.5%372.8K-8.7M-30.8K0.2328.80N/AN/A1,4313224,9584,128
2022-02-22$40.86$40.0038.8%11.1%22.9%14.6%38.0%1.5%-0.5%191.1K-5.6M-31.3K0.4153.78N/AN/A8713553,9392,794
2022-02-23$40.53$40.0038.0%10.9%23.1%14.2%36.8%2.8%-1.1%225.7K-5.2M-32.1K0.9722.33N/AN/A3153044,3762,809
2022-02-24$40.19$40.0037.8%10.8%23.3%14.1%37.7%3.5%-0.6%203.5K-4.7M-31.3K1.5155.94N/AN/A3625454,3932,811
2022-02-25$41.87$40.0036.1%10.3%26.2%13.1%36.5%2.9%-0.3%336.6K-7.6M-30.3K0.8636.56N/AN/A5985134,4212,771
2022-02-28$42.42$40.0039.9%11.4%23.9%15.2%39.3%2.1%-2.2%378.5K-8.9M-30.3K0.5037.92N/AN/A5712864,6182,780