COPX Options History — April 2022

In April 2022, COPX traded between $38.64 and $46.82. ATM implied volatility averaged 33.3%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 1.5% (HV 20d: 31.9%). Max pain ranged from $42.00 to $44.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 1.35.

Notable Days

  • 2022-04-22: Highest Volume — 3,553 contracts
  • 2022-04-11: Largest IV spike — 19.4% change
  • 2022-04-25: Highest IV Rank — 33.0%
  • 2022-04-25: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.88$38.64$46.82$46.53$40.17
Max Pain$43.05$42.00$44.00$43.00$42.00
ATM IV33.3%30.1%37.2%31.1%34.1%
Expected Move9.6%8.8%10.7%9.4%9.8%
HV 20d31.9%23.7%40.3%33.4%40.3%
HV 60d31.4%28.7%34.4%31.0%34.1%
IV Rank16.6%3.8%33.0%6.7%20.8%
IV Percentile16.0%1.2%61.9%3.2%18.3%
Term Structure0.6%-0.5%2.1%2.1%1.3%
VWIV34.4%32.0%36.8%33.8%35.6%
Skew 25d1.6%0.0%4.2%0.7%0.9%
Skew 10d4.4%1.6%17.0%6.5%1.6%
Call IV 25d34.1%31.0%36.8%32.6%35.2%
Put IV 25d35.7%32.8%39.8%33.2%36.1%
Bid-Ask Spread %37.0721.6552.8250.2827.15
Gamma HHI0.170.110.290.160.11
Net GEX391.4K-127.7K1.1M658.6K-60.9K
Net DEX-8.4M-19.6M6.5M-19.2M2.9M
Net VEX-40.1K-49.6K-34.9K-40.1K-49.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.350.185.410.890.64
Total Volume1,506.655613,5531,1651,153
Total OI9,857.555,14712,49612,0049,756

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$46.53$43.0031.1%9.4%33.4%6.7%33.8%0.7%2.1%658.6K-19.2M-40.1K0.8950.28N/AN/A6175486,5285,476
2022-04-04$46.82$43.0032.6%9.4%31.3%11.3%34.5%2.3%0.8%652.9K-19.5M-40.1K0.9047.26N/AN/A7716976,6145,491
2022-04-05$45.44$43.0033.0%9.7%33.2%12.5%34.7%0.7%0.7%794.0K-16.1M-38.9K0.8637.86N/AN/A7556486,4635,585
2022-04-06$44.54$43.0033.6%9.9%34.1%14.3%35.2%1.3%0.4%826.4K-13.6M-41.3K0.8748.96N/AN/A6385566,6015,659
2022-04-07$45.17$43.0032.5%9.7%33.9%11.0%35.6%0.7%0.4%851.2K-15.6M-39.5K0.6031.52N/AN/A6103676,5115,671
2022-04-08$45.49$43.0030.1%9.7%33.0%3.8%35.2%0.5%0.8%840.8K-16.8M-39.2K0.4943.19N/AN/A8324066,5865,678
2022-04-11$44.53$43.0035.9%9.7%29.1%21.2%35.4%1.0%0.8%1.1M-14.4M-38.3K0.4131.70N/AN/A9113746,6665,698
2022-04-12$44.60$43.0035.5%9.6%27.9%26.4%34.5%1.8%0.2%1.0M-14.4M-36.9K0.4728.14N/AN/A8323946,5965,713
2022-04-13$46.22$43.0033.3%9.5%26.3%17.5%33.6%0.0%-0.2%604.5K-19.6M-35.2K0.4636.10N/AN/A8473926,6515,739
2022-04-14$46.08$43.0032.5%9.3%24.9%14.6%33.3%1.3%0.8%253.8K-19.2M-35.8K0.6341.97N/AN/A6634156,7335,763
2022-04-18$46.47$43.0033.0%9.5%24.4%16.6%33.4%1.2%-0.1%167.5K-6.6M-35.3K0.9652.82N/AN/A3823683,2381,909
2022-04-19$46.31$43.0031.8%9.1%23.7%11.9%32.9%1.7%0.5%187.3K-6.6M-35.9K1.3839.35N/AN/A2653663,3601,926
2022-04-20$45.55$44.0030.6%8.8%24.5%6.9%32.0%1.8%1.7%184.1K-5.7M-35.5K1.4229.92N/AN/A2944173,3861,959
2022-04-21$43.00$44.0032.6%9.3%31.6%14.9%32.2%0.8%0.0%124.5K-2.8M-34.9K2.6532.29N/AN/A7471,9773,4612,005
2022-04-22$41.16$43.0033.3%9.5%34.3%17.5%33.9%2.7%1.9%28.5K1.8M-42.0K5.4136.26N/AN/A5542,9993,8373,614
2022-04-25$40.28$43.0037.2%10.7%34.5%33.0%36.8%2.5%-0.0%-104.5K4.4M-44.9K3.3946.22N/AN/A6552,2234,0304,524
2022-04-26$38.64$43.0035.7%10.2%36.6%27.1%36.6%4.2%-0.3%-127.7K6.5M-42.2K2.7328.02N/AN/A7772,1224,1744,690
2022-04-27$40.16$43.0034.5%9.9%40.2%22.4%34.0%2.8%1.0%-98.2K3.7M-46.9K0.1821.65N/AN/A474874,4584,765
2022-04-28$40.48$43.0034.4%9.9%40.3%22.2%34.9%2.3%-0.5%-58.4K2.6M-49.0K1.5930.80N/AN/A7731,2274,8244,813
2022-04-29$40.17$42.0034.1%9.8%40.3%20.8%35.6%0.9%1.3%-60.9K2.9M-49.6K0.6427.15N/AN/A7044494,9134,843