COPX Options History — November 2022

In November 2022, COPX traded between $29.22 and $36.11. ATM implied volatility averaged 42.6%, placing in the 34.0% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded below realized volatility by 12.3% (HV 20d: 54.9%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.99.

Notable Days

  • 2022-11-04: Highest Volume — 6,430 contracts
  • 2022-11-04: Largest IV spike — 24.3% change
  • 2022-11-08: Highest IV Rank — 51.7%
  • 2022-11-04: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.36$29.22$36.11$30.12$36.11
Max Pain$33.29$30.00$35.00$30.00$34.00
ATM IV42.6%37.5%49.9%39.9%40.1%
Expected Move12.1%10.7%13.5%11.5%11.5%
HV 20d54.9%42.6%60.6%42.6%54.2%
HV 60d47.0%41.9%49.3%42.6%47.5%
IV Rank34.0%21.2%51.7%27.3%27.8%
IV Percentile73.4%43.7%96.4%63.1%59.1%
Term Structure-1.4%-3.8%1.7%-0.7%-0.9%
VWIV43.0%37.9%47.4%40.0%42.1%
Skew 25d3.6%1.6%5.5%2.8%3.4%
Skew 10d10.0%2.7%21.7%6.8%10.0%
Call IV 25d41.0%37.0%45.2%38.1%37.4%
Put IV 25d44.6%40.8%48.8%40.9%40.8%
Bid-Ask Spread %55.2646.6864.7056.9759.55
Gamma HHI0.150.110.230.140.14
Net GEX-130.4K-489.7K82.3K-59.9K82.3K
Net DEX-3.4M-9.6M2.6M-7.0K-7.9M
Net VEX-35.7K-48.7K-28.2K-32.0K-28.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.990.405.681.350.96
Total Volume1,619.333366,4301,090574
Total OI12,942.2869,97016,7379,97010,576

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-11-01$30.12$30.0039.9%11.5%42.6%27.3%40.0%2.8%-0.7%-59.9K-7.0K-32.0K1.3556.97N/AN/A4646265,1464,824
2022-11-02$29.22$30.0039.4%11.3%43.8%26.0%39.6%4.1%1.5%-97.6K1.9M-30.9K0.9162.55N/AN/A4904455,2204,943
2022-11-03$29.22$31.0039.6%11.7%43.2%26.6%41.1%3.5%0.3%-100.6K2.0M-30.9K0.9254.50N/AN/A5444995,3014,990
2022-11-04$32.14$31.0049.3%13.5%53.7%50.2%46.9%3.7%-2.9%22.2K-3.9M-32.2K5.6847.73N/AN/A9625,4685,3594,957
2022-11-07$31.88$33.0047.4%12.6%53.9%45.6%45.5%1.9%-2.7%-437.9K1.5M-45.2K2.7459.27N/AN/A6731,8435,7909,258
2022-11-08$32.95$33.0049.9%13.5%53.9%51.7%47.4%4.7%-2.3%-284.1K-2.4M-44.4K3.4446.68N/AN/A5942,0435,9868,926
2022-11-09$31.79$33.0044.8%12.9%56.0%39.4%44.9%4.2%-2.0%-489.7K2.6M-48.7K3.3246.91N/AN/A4851,6106,0469,998
2022-11-10$33.89$33.0042.1%12.1%59.6%32.8%44.9%4.5%-0.3%-219.7K-5.2M-41.7K2.3352.63N/AN/A4691,0946,0409,435
2022-11-11$35.44$33.0046.0%13.2%58.9%42.3%46.6%5.5%-3.8%-48.0K-9.6M-37.2K1.9848.39N/AN/A9911,9606,0309,233
2022-11-14$34.86$35.0044.9%12.9%59.6%39.6%46.2%4.5%-3.0%-212.1K-6.5M-42.1K2.1151.22N/AN/A5401,1426,16210,457
2022-11-15$35.25$35.0045.1%12.9%59.0%39.9%47.3%4.0%-2.3%-173.0K-7.3M-39.9K1.6056.76N/AN/A5388626,03110,562
2022-11-16$34.57$35.0043.2%12.4%59.3%35.4%46.0%1.6%-1.9%-175.0K-6.0M-38.5K1.4558.11N/AN/A5467896,07110,559
2022-11-17$33.70$35.0041.4%11.9%60.6%30.8%42.5%4.2%1.7%-206.8K-3.7M-38.8K3.2153.19N/AN/A6422,0586,07010,667
2022-11-18$33.49$34.0041.2%11.8%59.4%30.5%41.7%2.6%-0.8%-132.5K-4.0M-34.9K2.3460.58N/AN/A4861,1386,0509,868
2022-11-21$33.29$34.0042.2%12.1%57.2%33.0%42.1%3.3%-0.9%-80.1K-1.7M-34.3K1.3048.85N/AN/A4145384,7525,336
2022-11-22$34.37$34.0040.6%11.7%57.5%29.1%39.6%4.3%-0.1%-41.9K-3.9M-31.5K1.4548.60N/AN/A3234684,7875,312
2022-11-23$34.70$34.0037.5%10.7%55.7%21.2%37.9%3.9%-1.1%-24.5K-4.5M-31.4K1.2856.16N/AN/A3694744,8415,340
2022-11-25$34.72$34.0038.7%11.1%55.3%24.2%39.2%2.9%-2.1%-11.7K-4.8M-29.9K0.8064.05N/AN/A20164,8815,291
2022-11-28$33.88$34.0041.1%11.8%55.3%30.3%41.6%2.3%-2.7%-52.6K-3.2M-29.0K0.4064.70N/AN/A2901164,8835,303
2022-11-29$34.87$34.0041.1%11.8%55.1%30.1%39.2%3.3%-3.0%5.6K-5.2M-29.0K2.2563.17N/AN/A1242795,1085,399
2022-11-30$36.11$34.0040.1%11.5%54.2%27.8%42.1%3.4%-0.9%82.3K-7.9M-28.2K0.9659.55N/AN/A2932815,1765,400