COPX Options History — March 2022

In March 2022, COPX traded between $40.26 and $46.39. ATM implied volatility averaged 39.0%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 7.1% (HV 20d: 31.9%). Max pain ranged from $39.00 to $43.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.99.

Notable Days

  • 2022-03-08: Highest Volume — 3,042 contracts
  • 2022-03-08: Largest IV drop — 11.4% change
  • 2022-03-18: Highest IV Rank — 23.4%
  • 2022-03-07: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.05$40.26$46.39$42.51$45.68
Max Pain$40.91$39.00$43.00$40.00$43.00
ATM IV39.0%33.0%50.2%43.2%33.0%
Expected Move11.3%9.7%14.4%12.4%9.7%
HV 20d31.9%23.9%37.6%23.9%33.0%
HV 60d30.2%28.1%32.0%28.3%31.0%
IV Rank16.9%4.8%23.4%17.0%12.5%
IV Percentile57.2%7.5%94.8%84.7%7.5%
Term Structure-0.5%-4.2%2.8%-4.2%0.7%
VWIV40.1%34.8%48.9%43.3%34.9%
Skew 25d1.9%-0.9%4.5%3.0%-0.9%
Skew 10d5.6%2.7%8.5%4.1%2.7%
Call IV 25d38.8%33.8%47.6%42.4%34.5%
Put IV 25d40.7%33.7%49.9%45.4%33.7%
Bid-Ask Spread %33.1618.6259.1922.1228.94
Gamma HHI0.200.170.270.240.18
Net GEX550.8K204.3K838.4K378.7K683.0K
Net DEX-14.1M-19.7M-3.3M-9.3M-17.4M
Net VEX-44.1K-53.9K-30.9K-31.8K-39.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.183.670.720.59
Total Volume1,448.6969183,0429181,555
Total OI11,303.2177,57213,9507,57211,820

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$42.51$40.0043.2%12.4%23.9%17.0%43.3%3.0%-4.2%378.7K-9.3M-31.8K0.7222.12N/AN/A5333854,7642,808
2022-03-02$43.97$40.0039.8%11.4%25.4%15.2%39.1%2.2%-0.9%439.5K-11.9M-31.5K0.4227.83N/AN/A9203884,8022,906
2022-03-03$44.72$40.0041.6%11.9%25.6%16.1%42.6%0.3%-0.5%413.7K-13.3M-30.9K0.4029.26N/AN/A1,0064054,7792,939
2022-03-04$44.43$40.0045.8%13.1%25.1%18.4%45.8%2.0%-3.2%447.5K-13.6M-34.2K0.5237.62N/AN/A8324305,2312,878
2022-03-07$43.17$40.0050.2%14.4%28.2%20.8%48.9%2.3%-2.5%450.6K-11.7M-35.8K0.1829.85N/AN/A2,2214035,5262,902
2022-03-08$42.68$40.0044.5%13.8%28.9%17.7%48.9%2.3%-2.5%629.2K-13.8M-45.7K3.6748.99N/AN/A6522,3907,1352,931
2022-03-09$42.94$40.0040.9%12.7%28.0%15.7%44.5%2.0%-1.2%526.8K-12.4M-53.2K0.5759.19N/AN/A6053447,2054,998
2022-03-10$43.74$40.0042.4%12.0%25.7%16.5%42.8%2.0%-2.6%622.6K-15.1M-51.7K0.5331.52N/AN/A6733567,3485,029
2022-03-11$42.91$40.0041.1%11.2%26.9%15.9%38.3%2.5%-1.2%601.1K-13.0M-52.5K1.1041.41N/AN/A7388147,5185,103
2022-03-14$40.98$39.0040.9%11.6%31.8%15.8%41.6%4.5%-0.6%380.9K-6.1M-53.9K1.4523.77N/AN/A6299137,7455,529
2022-03-15$40.26$39.0040.8%11.4%32.3%15.7%41.0%3.3%-0.7%204.3K-3.3M-51.6K1.5618.62N/AN/A5939277,7355,630
2022-03-16$42.11$39.0037.0%11.0%36.2%4.9%40.0%2.1%2.1%574.9K-9.7M-52.6K1.3821.40N/AN/A6789378,1425,693
2022-03-17$43.32$0.0036.3%11.0%37.4%4.8%38.6%0.6%2.8%775.3K-13.7M-51.3K1.8225.69N/AN/A5059198,0425,829
2022-03-18$44.09$39.0036.6%10.6%37.3%23.4%37.7%2.3%0.7%838.4K-16.9M-47.9K0.8227.02N/AN/A1,1609568,1105,840
2022-03-21$44.95$40.0036.4%10.7%37.6%22.8%37.9%2.5%0.6%541.6K-15.9M-47.3K1.1239.89N/AN/A5265886,4824,928
2022-03-22$45.13$43.0035.7%10.3%37.5%20.6%36.2%2.6%0.1%591.6K-16.6M-47.9K1.0231.21N/AN/A4654746,6205,041
2022-03-23$45.69$43.0036.1%10.2%37.3%21.8%36.9%2.5%-0.2%606.9K-18.7M-45.1K0.7934.27N/AN/A5624426,6675,087
2022-03-24$46.16$43.0036.5%10.4%36.9%23.1%38.2%0.5%-0.8%586.9K-19.7M-45.6K0.5144.94N/AN/A8554366,7195,099
2022-03-25$46.39$43.0035.2%10.2%34.7%19.1%37.5%0.7%0.6%555.6K-19.0M-41.7K0.9736.54N/AN/A6566396,3435,106
2022-03-28$45.90$43.0035.3%10.4%35.0%19.6%37.5%2.4%0.9%584.1K-17.9M-39.8K0.9533.38N/AN/A5485236,2865,082
2022-03-29$45.55$43.0034.3%10.0%35.2%16.5%35.6%0.9%0.7%604.0K-16.8M-41.7K1.0234.70N/AN/A5495606,3425,275
2022-03-30$45.86$43.0033.5%9.7%33.4%14.2%34.8%1.2%0.9%630.9K-17.6M-41.3K0.5634.42N/AN/A1,0485826,5165,464
2022-03-31$45.68$43.0033.0%9.7%33.0%12.5%34.9%-0.9%0.7%683.0K-17.4M-39.5K0.5928.94N/AN/A9755806,3655,455