COPX Options History — December 2022

In December 2022, COPX traded between $35.37 and $37.00. ATM implied volatility averaged 38.8%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 3.6% (HV 20d: 35.2%). Max pain ranged from $31.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.97.

Notable Days

  • 2022-12-01: Highest Volume — 2,340 contracts
  • 2022-12-14: Largest IV drop — 27.3% change
  • 2022-12-12: Highest IV Rank — 60.6%
  • 2022-12-07: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.19$35.37$37.00$36.86$35.48
Max Pain$32.33$31.00$35.00$34.00$35.00
ATM IV38.8%31.8%53.5%38.8%34.0%
Expected Move10.5%9.1%11.9%11.1%9.7%
HV 20d35.2%28.5%52.3%52.3%28.5%
HV 60d45.1%43.1%47.7%47.7%43.2%
IV Rank24.6%7.4%60.6%24.6%12.8%
IV Percentile44.0%4.4%98.0%50.8%11.9%
Term Structure2.7%-0.9%5.7%-0.9%3.4%
VWIV36.4%32.2%40.6%39.4%33.2%
Skew 25d2.5%-0.9%4.3%3.3%1.9%
Skew 10d6.9%1.3%17.1%4.2%2.7%
Call IV 25d35.1%32.1%38.0%36.5%34.1%
Put IV 25d37.6%32.4%41.0%39.9%35.9%
Bid-Ask Spread %70.3459.7980.6263.9965.54
Gamma HHI0.120.100.160.160.11
Net GEX169.4K109.6K236.4K131.4K158.8K
Net DEX-8.5M-11.7M-3.4M-9.6M-3.4M
Net VEX-38.4K-43.6K-27.4K-27.4K-36.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.105.800.490.10
Total Volume332.19452,3402,34045
Total OI11,756.9059,75613,23710,7269,806

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-12-01$36.86$34.0038.8%11.1%52.3%24.6%39.4%3.3%-0.9%131.4K-9.6M-27.4K0.4963.99N/AN/A1,5697715,3045,422
2022-12-02$36.93$34.0038.0%10.9%52.2%22.6%39.6%1.7%2.6%153.4K-10.6M-42.1K0.1759.79N/AN/A353616,5936,075
2022-12-05$36.12$31.0040.5%11.1%43.1%28.7%38.5%3.1%3.5%109.6K-9.0M-41.5K0.1664.01N/AN/A559916,5856,088
2022-12-06$36.11$31.0043.4%11.2%42.9%35.9%39.6%2.9%3.3%115.4K-9.3M-43.6K1.1764.66N/AN/A42496,9596,104
2022-12-07$35.97$31.0044.9%11.9%41.8%39.4%40.6%3.3%2.3%125.5K-9.3M-43.5K0.4861.92N/AN/A54266,9776,085
2022-12-08$36.66$31.0044.2%10.9%39.3%37.8%37.5%3.7%3.0%176.4K-10.9M-43.0K2.3265.16N/AN/A1343116,9906,087
2022-12-09$36.67$32.0043.0%11.7%33.1%35.0%38.4%4.3%2.1%193.5K-10.9M-42.2K0.7772.03N/AN/A1571216,9665,973
2022-12-12$36.23$32.0053.5%11.6%29.8%60.6%39.4%4.1%3.2%183.6K-9.9M-40.8K0.3269.08N/AN/A233747,0356,020
2022-12-13$37.00$32.0050.8%10.9%29.8%54.0%37.5%2.4%0.9%236.1K-11.7M-39.6K0.4863.53N/AN/A3221537,0356,058
2022-12-14$36.95$32.0037.0%10.6%29.7%20.0%36.1%3.9%0.7%236.4K-11.4M-40.7K0.6074.35N/AN/A144867,0316,150
2022-12-15$35.53$32.0035.5%10.2%32.3%16.6%38.0%2.9%1.3%155.4K-8.1M-40.3K0.3072.46N/AN/A125377,0696,168
2022-12-16$35.87$32.0036.2%10.4%30.8%18.1%34.5%2.5%4.2%137.2K-8.9M-38.2K0.3175.77N/AN/A159507,0386,154
2022-12-19$35.38$32.0032.3%9.3%31.2%8.5%33.8%4.0%5.7%153.4K-6.5M-36.0K1.0275.79N/AN/A84866,2274,153
2022-12-20$35.76$32.0038.5%11.0%31.2%23.7%35.1%0.1%4.0%159.4K-7.2M-36.6K0.6675.57N/AN/A96636,2374,197
2022-12-21$36.65$32.0031.8%9.1%30.4%7.4%32.7%0.3%2.6%206.0K-8.8M-36.3K0.6380.62N/AN/A95606,2944,204
2022-12-22$35.37$32.0033.8%9.7%33.2%12.3%35.0%2.1%3.1%151.8K-6.3M-35.4K2.8179.64N/AN/A641806,3414,220
2022-12-23$35.95$32.0033.6%9.6%33.6%11.8%32.2%0.1%4.4%184.8K-7.5M-35.5K0.1973.53N/AN/A53106,3284,207
2022-12-27$36.54$32.0034.8%10.0%32.5%14.7%32.4%-0.9%2.8%218.0K-8.7M-34.8K1.4174.68N/AN/A32456,3524,214
2022-12-28$36.03$33.0036.4%10.4%31.7%18.7%36.0%3.3%2.1%190.2K-6.9M-34.7K5.8075.48N/AN/A452616,1524,241
2022-12-29$36.02$35.0034.1%9.8%29.2%12.9%35.3%3.0%2.6%181.7K-4.1M-37.1K0.2769.50N/AN/A60165,3794,377
2022-12-30$35.48$35.0034.0%9.7%28.5%12.8%33.2%1.9%3.4%158.8K-3.4M-36.2K0.1065.54N/AN/A4145,4284,378