COPX Options History — May 2022

In May 2022, COPX traded between $34.23 and $40.69. ATM implied volatility averaged 38.0%, placing in the 40.3% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded below realized volatility by 9.7% (HV 20d: 47.7%). Max pain ranged from $39.00 to $43.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.34.

Notable Days

  • 2022-05-19: Highest Volume — 3,158 contracts
  • 2022-05-12: Largest IV spike — 12.3% change
  • 2022-05-12: Highest IV Rank — 55.0%
  • 2022-05-12: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.82$34.23$40.69$39.28$39.47
Max Pain$39.48$39.00$43.00$42.00$39.00
ATM IV38.0%35.7%40.6%37.7%39.9%
Expected Move10.8%10.2%11.6%10.8%11.4%
HV 20d47.7%39.5%54.5%39.5%48.8%
HV 60d39.0%34.4%42.3%34.4%41.1%
IV Rank40.3%27.1%55.0%34.9%51.9%
IV Percentile66.1%36.9%85.3%66.3%84.9%
Term Structure-0.5%-2.7%1.5%-0.8%-2.7%
VWIV37.4%34.7%40.3%37.7%38.1%
Skew 25d2.8%1.6%4.8%1.8%3.1%
Skew 10d6.3%2.9%11.6%3.9%3.9%
Call IV 25d36.8%34.3%40.5%38.7%36.9%
Put IV 25d39.6%36.4%44.9%40.5%40.0%
Bid-Ask Spread %52.7031.2562.0348.5959.68
Gamma HHI0.150.110.240.110.14
Net GEX-99.8K-263.8K9.7K-77.7K-254.9K
Net DEX7.0M2.1M11.2M4.6M7.1M
Net VEX-42.9K-53.9K-30.0K-46.5K-51.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.340.513.400.582.26
Total Volume1,633.819273,1581,0621,708
Total OI11,173.7629,80913,3569,80913,056

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$39.28$42.0037.7%10.8%39.5%34.9%37.7%1.8%-0.8%-77.7K4.6M-46.5K0.5848.59N/AN/A6733894,9354,874
2022-05-03$39.85$42.0037.4%10.7%40.0%33.8%37.7%2.5%-2.3%-76.1K3.7M-47.1K0.5934.57N/AN/A6443814,9924,874
2022-05-04$40.69$43.0035.7%10.2%40.4%27.1%36.4%3.5%1.0%-67.9K2.1M-48.7K0.5554.68N/AN/A6733695,0294,883
2022-05-05$38.52$39.0036.3%10.4%43.8%29.6%36.6%2.0%0.6%-81.1K6.0M-43.4K0.5744.66N/AN/A5913365,1274,885
2022-05-06$37.89$39.0036.6%10.4%43.2%30.7%35.5%2.8%0.0%-73.9K7.2M-40.3K0.5145.69N/AN/A6373245,1484,886
2022-05-09$35.70$39.0040.5%10.8%46.3%46.0%37.0%2.5%0.5%-42.0K9.9M-33.0K0.6852.14N/AN/A6104155,2104,910
2022-05-10$35.08$39.0040.3%10.6%46.2%45.4%35.7%2.2%0.4%-49.8K10.4M-31.5K0.6054.07N/AN/A6613975,3124,976
2022-05-11$35.59$39.0036.1%10.4%46.9%28.9%36.2%1.6%1.5%-57.1K10.1M-33.8K0.5731.25N/AN/A7134085,3785,108
2022-05-12$34.23$39.0040.6%11.6%44.4%55.0%40.1%4.4%-0.2%-42.6K11.2M-30.0K0.7859.14N/AN/A9517455,4205,146
2022-05-13$35.48$39.0037.1%10.6%47.8%38.6%36.2%3.2%-0.4%-25.7K9.5M-33.7K0.6251.00N/AN/A1,2237575,6975,375
2022-05-16$36.09$39.0037.8%10.8%48.5%42.1%35.0%2.8%-1.3%-4.7K8.4M-35.7K0.7962.03N/AN/A8917075,9155,409
2022-05-17$37.88$39.0035.7%10.2%53.0%32.1%35.9%2.1%0.4%-9.9K6.0M-38.8K1.0160.60N/AN/A8728835,9205,467
2022-05-18$36.55$39.0037.5%10.8%53.8%40.6%38.4%4.8%-0.7%9.7K7.9M-38.3K0.9758.24N/AN/A9329056,0375,583
2022-05-19$38.28$39.0040.4%11.6%54.5%54.2%40.3%2.2%-0.9%-12.2K5.3M-41.6K1.7355.60N/AN/A1,1582,0006,0075,638
2022-05-20$38.14$39.0038.9%11.1%52.6%47.0%39.2%3.1%-0.8%-142.0K8.0M-47.4K1.4855.76N/AN/A1,2101,7876,2497,107
2022-05-23$39.14$39.0038.9%11.1%53.2%46.9%39.5%2.8%-1.6%-129.3K4.0M-49.5K2.0052.65N/AN/A6251,2534,7616,196
2022-05-24$38.82$39.0038.8%11.1%51.1%46.7%39.7%3.2%-2.0%-207.1K5.6M-51.6K2.4355.60N/AN/A5321,2954,8666,787
2022-05-25$38.72$39.0038.1%10.9%49.1%43.2%38.5%3.9%-1.1%-263.8K7.1M-53.9K3.0752.58N/AN/A4401,3504,8967,353
2022-05-26$39.11$39.0037.2%10.7%49.1%39.1%36.9%2.5%-0.5%-257.7K6.5M-51.4K2.9761.92N/AN/A4691,3954,9217,394
2022-05-27$39.72$39.0035.9%10.3%49.4%33.0%34.7%2.2%-0.6%-229.2K6.5M-53.0K3.4056.28N/AN/A4551,5464,9717,951
2022-05-31$39.47$39.0039.9%11.4%48.8%51.9%38.1%3.1%-2.7%-254.9K7.1M-51.3K2.2659.68N/AN/A5241,1845,0128,044