COPX Options History — September 2022

In September 2022, COPX traded between $26.90 and $32.10. ATM implied volatility averaged 41.8%, placing in the 31.8% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded below realized volatility by 0.9% (HV 20d: 42.6%). Max pain ranged from $30.00 to $32.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.98.

Notable Days

  • 2022-09-16: Highest Volume — 1,745 contracts
  • 2022-09-12: Largest IV spike — 8.4% change
  • 2022-09-27: Highest IV Rank — 39.6%
  • 2022-09-27: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.36$26.90$32.10$28.65$28.36
Max Pain$31.62$30.00$32.00$31.00$31.00
ATM IV41.8%37.7%44.9%43.5%44.2%
Expected Move12.0%11.4%12.9%12.5%12.7%
HV 20d42.6%38.7%45.1%43.7%42.6%
HV 60d44.3%40.9%46.2%46.2%40.9%
IV Rank31.8%21.9%39.6%36.2%37.8%
IV Percentile83.7%59.5%92.5%90.1%90.9%
Term Structure1.0%-0.4%2.3%0.1%1.0%
VWIV41.8%37.5%47.1%41.4%43.0%
Skew 25d4.6%3.8%5.4%3.8%5.2%
Skew 10d7.9%1.1%13.3%4.1%7.7%
Call IV 25d40.5%37.6%42.9%40.8%41.6%
Put IV 25d45.0%41.8%48.0%44.6%46.8%
Bid-Ask Spread %53.3135.0469.5753.6962.13
Gamma HHI0.120.100.150.120.12
Net GEX-20.0K-83.9K123.2K-76.6K433
Net DEX2.4M-2.6M4.8M4.8M2.2M
Net VEX-35.2K-40.4K-30.3K-37.2K-34.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.084.620.231.03
Total Volume970.5711461,7455751,513
Total OI14,201.52412,49914,86014,20214,860

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-09-01$28.65$31.0043.5%12.5%43.7%36.2%41.4%3.8%0.1%-76.6K4.8M-37.2K0.2353.69N/AN/A4691068,7835,419
2022-09-02$28.95$30.0040.3%11.5%43.3%28.2%38.1%5.4%2.3%-39.6K4.2M-38.2K1.1669.57N/AN/A1041219,0645,443
2022-09-06$29.27$32.0041.8%12.0%40.7%32.0%42.1%4.2%0.6%-34.3K3.8M-36.7K1.0953.35N/AN/A5385879,0905,431
2022-09-07$29.27$32.0040.7%11.7%40.5%29.1%42.1%4.4%1.1%-44.2K4.0M-35.9K1.1955.44N/AN/A5015959,1135,427
2022-09-08$30.19$32.0039.9%11.5%38.7%27.1%40.7%4.7%1.4%24.3K1.9M-37.3K0.3652.88N/AN/A4021449,1175,393
2022-09-09$31.46$32.0037.7%11.4%41.6%21.9%39.4%4.3%1.2%123.2K-1.9M-40.1K0.1854.50N/AN/A1,1002029,4055,377
2022-09-12$32.10$32.0040.9%11.4%42.2%29.7%40.2%4.0%1.4%78.9K-2.6M-40.4K1.2654.10N/AN/A1241569,1155,536
2022-09-13$30.71$32.0040.1%11.8%43.5%27.6%37.5%4.3%1.1%-15.9K598.1K-38.8K0.9051.26N/AN/A8397519,1155,560
2022-09-14$30.75$32.0040.6%11.6%43.1%29.0%41.0%4.7%1.5%-33.7K931.4K-36.0K0.4552.62N/AN/A3701678,9685,497
2022-09-15$30.00$32.0041.7%11.9%43.6%31.6%42.3%4.9%0.3%-83.9K2.7M-34.3K4.6258.80N/AN/A261208,9715,486
2022-09-16$29.80$32.0041.3%11.8%43.4%30.7%40.3%3.8%1.1%-65.1K3.5M-32.9K1.2650.66N/AN/A7719748,9755,494
2022-09-19$30.44$32.0041.5%11.9%43.2%31.1%41.6%3.9%0.7%-52.4K1.3M-33.9K1.3349.56N/AN/A1471958,0144,485
2022-09-20$29.73$32.0041.0%11.8%43.8%30.0%42.0%4.6%1.7%-64.7K2.4M-32.7K0.4135.04N/AN/A4641888,1154,567
2022-09-21$29.14$32.0041.6%11.9%40.2%31.4%41.9%5.3%-0.4%-52.7K2.6M-32.3K0.0847.47N/AN/A545458,4684,539
2022-09-22$29.33$32.0041.9%12.0%40.3%32.1%41.1%4.0%1.1%-16.4K1.9M-34.2K0.3046.32N/AN/A3471058,9254,561
2022-09-23$27.57$32.0042.0%12.0%43.2%32.4%43.2%5.1%1.7%-32.9K4.2M-31.2K0.7745.00N/AN/A5814499,0924,636
2022-09-26$26.90$31.0043.5%12.5%43.4%36.1%45.3%5.0%1.0%-28.3K4.6M-30.3K0.8755.31N/AN/A9188019,5904,665
2022-09-27$27.28$31.0044.9%12.9%44.0%39.6%47.1%5.3%-0.4%-14.9K4.0M-31.6K1.1359.20N/AN/A7268179,7524,738
2022-09-28$28.43$31.0043.8%12.6%45.1%36.8%43.8%4.5%0.6%3.3K2.1M-34.8K0.9959.02N/AN/A8688579,8204,828
2022-09-29$28.32$31.0044.3%12.7%45.1%37.9%43.5%5.1%1.2%4.9K2.2M-34.8K1.0753.55N/AN/A7988519,9324,866
2022-09-30$28.36$31.0044.2%12.7%42.6%37.8%43.0%5.2%1.0%4332.2M-34.7K1.0362.13N/AN/A7477669,9484,912