COPX Options History — January 2023

In January 2023, COPX traded between $35.72 and $41.69. ATM implied volatility averaged 33.5%, placing in the 9.7% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 5.4% (HV 20d: 28.1%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.80.

Notable Days

  • 2023-01-20: Highest Volume — 1,112 contracts
  • 2023-01-11: Largest IV spike — 9.3% change
  • 2023-01-03: Highest IV Rank — 17.4%
  • 2023-01-05: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.02$35.72$41.69$35.72$41.28
Max Pain$39.05$35.00$40.00$35.00$40.00
ATM IV33.5%30.9%35.9%35.9%33.1%
Expected Move9.7%8.9%10.6%10.3%9.5%
HV 20d28.1%22.0%32.8%28.7%22.4%
HV 60d41.1%37.2%43.1%42.9%37.2%
IV Rank9.7%2.2%17.4%17.4%7.6%
IV Percentile9.8%0.8%27.0%27.0%7.9%
Term Structure1.0%-0.9%3.3%2.7%-0.1%
VWIV33.9%31.0%37.8%35.6%32.7%
Skew 25d3.0%2.1%5.1%2.9%2.7%
Skew 10d6.3%2.1%13.4%13.4%7.3%
Call IV 25d32.3%29.6%35.0%35.0%31.6%
Put IV 25d35.3%32.7%38.5%37.9%34.3%
Bid-Ask Spread %49.5437.7482.0470.2742.51
Gamma HHI0.200.110.340.110.16
Net GEX311.8K128.6K625.6K167.0K176.7K
Net DEX-9.7M-14.6M-3.7M-3.7M-8.9M
Net VEX-42.0K-49.6K-34.9K-34.9K-48.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.162.582.580.40
Total Volume490.451091,112290155
Total OI9,950.257,75412,3919,7868,685

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$35.72$35.0035.9%10.3%28.7%17.4%35.6%2.9%2.7%167.0K-3.7M-34.9K2.5870.27N/AN/A812095,4114,375
2023-01-04$36.20$35.0034.6%9.9%28.1%14.3%32.7%5.1%1.3%193.1K-4.4M-35.1K1.3082.04N/AN/A61795,4244,402
2023-01-05$36.76$37.0034.3%10.6%28.6%13.4%37.8%3.6%0.7%230.9K-5.3M-35.4K0.5047.29N/AN/A119595,4454,462
2023-01-06$38.36$37.0031.9%10.2%32.1%7.7%35.6%2.4%0.1%347.3K-8.4M-36.1K0.5946.06N/AN/A5373155,4624,478
2023-01-09$39.30$37.0034.2%10.1%32.5%13.2%35.4%5.1%0.8%369.6K-9.7M-36.2K1.6939.49N/AN/A2754645,3274,677
2023-01-10$39.94$40.0032.6%10.1%32.8%9.4%35.9%2.1%1.2%357.9K-10.4M-38.8K1.0249.14N/AN/A3533605,5164,982
2023-01-11$40.11$40.0035.7%10.2%32.2%16.9%35.9%3.2%-0.1%409.7K-11.3M-39.8K0.5548.57N/AN/A2551395,7155,133
2023-01-12$41.01$40.0033.5%9.6%32.3%11.4%33.7%2.5%1.8%431.6K-13.8M-38.3K0.7151.75N/AN/A1961395,8235,195
2023-01-13$40.99$40.0032.5%9.3%32.3%6.0%33.3%2.2%3.3%456.3K-14.0M-38.5K1.2241.12N/AN/A4795845,9215,260
2023-01-17$40.11$40.0034.1%9.8%29.6%10.3%33.6%2.2%0.3%600.2K-11.7M-40.6K0.4950.37N/AN/A5732806,1415,403
2023-01-18$40.41$40.0034.9%10.0%29.5%12.4%34.9%2.8%0.0%625.6K-12.8M-42.1K0.4342.20N/AN/A7553276,2305,597
2023-01-19$40.72$40.0034.0%9.7%28.6%10.0%33.1%3.2%0.9%579.0K-13.7M-44.0K0.6454.81N/AN/A2671716,4575,739
2023-01-20$41.20$40.0033.1%9.5%28.6%7.6%33.8%3.3%2.1%361.6K-14.6M-44.9K0.4653.14N/AN/A7623506,4745,917
2023-01-23$41.19$40.0033.5%9.6%28.0%8.8%33.6%2.4%0.9%128.6K-7.8M-46.1K0.6739.04N/AN/A132884,6713,083
2023-01-24$41.45$40.0033.8%9.7%23.3%9.5%32.0%3.4%-0.9%136.8K-8.5M-47.0K0.5757.33N/AN/A1821044,7783,229
2023-01-25$41.65$40.0031.5%9.0%23.1%3.7%31.7%3.2%1.1%155.0K-9.0M-48.0K0.2457.86N/AN/A150364,9153,265
2023-01-26$41.69$40.0031.6%9.1%23.0%4.0%31.0%3.3%0.4%159.7K-9.2M-47.1K0.1637.74N/AN/A463764,9003,268
2023-01-27$41.51$40.0030.9%8.9%22.0%2.2%31.6%2.1%3.2%192.5K-9.3M-49.6K0.8138.24N/AN/A69565,2823,307
2023-01-30$40.77$40.0033.4%9.6%23.7%8.4%33.6%2.4%-0.2%157.0K-7.9M-48.4K0.9141.81N/AN/A57525,3193,337
2023-01-31$41.28$40.0033.1%9.5%22.4%7.6%32.7%2.7%-0.1%176.7K-8.9M-48.6K0.4042.51N/AN/A111445,3203,365