COPX Options History — February 2023

In February 2023, COPX traded between $36.58 and $42.01. ATM implied volatility averaged 31.4%, placing in the 3.9% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 4.8% (HV 20d: 26.6%). Max pain ranged from $40.00 to $42.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 1.56.

Notable Days

  • 2023-02-10: Highest Volume — 944 contracts
  • 2023-02-06: Largest IV spike — 7.2% change
  • 2023-02-06: Highest IV Rank — 11.7%
  • 2023-02-06: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.02$36.58$42.01$42.01$37.97
Max Pain$41.05$40.00$42.00$40.00$40.00
ATM IV31.4%29.5%34.7%31.8%31.0%
Expected Move8.9%8.5%9.6%9.1%8.9%
HV 20d26.6%22.6%30.6%22.6%30.6%
HV 60d30.3%28.0%37.3%37.3%28.2%
IV Rank3.9%0.0%11.7%4.3%3.7%
IV Percentile3.9%0.0%19.4%2.4%4.8%
Term Structure0.7%-0.7%1.8%1.6%-0.5%
VWIV31.3%29.9%34.0%33.0%31.1%
Skew 25d1.9%0.5%3.4%3.4%1.7%
Skew 10d3.9%0.6%7.4%3.3%3.2%
Call IV 25d30.5%28.9%32.6%30.5%30.1%
Put IV 25d32.5%30.4%34.9%33.9%31.8%
Bid-Ask Spread %45.0514.6565.5842.5124.42
Gamma HHI0.130.110.160.160.11
Net GEX119.9K51.3K238.3K211.0K172.4K
Net DEX-4.9M-10.0M-418.8K-10.0M-3.6M
Net VEX-46.1K-49.5K-39.6K-48.2K-41.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.560.158.353.181.83
Total Volume395.26391944318195
Total OI9,745.2638,84810,9288,9329,923

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$42.01$40.0031.8%9.1%22.6%4.3%33.0%3.4%1.6%211.0K-10.0M-48.2K3.1842.51N/AN/A762425,3373,595
2023-02-02$40.36$42.0033.2%9.5%28.2%7.9%31.5%3.1%-0.7%132.2K-6.8M-47.4K0.1649.78N/AN/A509825,3553,493
2023-02-03$39.73$42.0032.3%9.0%28.9%5.7%30.0%2.7%1.1%96.2K-5.7M-47.6K0.8259.03N/AN/A71585,3783,533
2023-02-06$38.87$42.0034.7%9.6%26.4%11.7%34.0%2.3%0.1%51.3K-3.7M-44.8K0.4449.71N/AN/A3551565,3743,494
2023-02-07$39.81$42.0033.4%9.2%26.4%8.5%31.7%1.5%0.4%133.2K-5.9M-45.1K0.8251.35N/AN/A4653795,5333,476
2023-02-08$39.42$42.0032.0%9.2%26.0%5.1%31.9%1.2%0.2%145.4K-5.5M-49.0K0.5058.48N/AN/A2541285,9183,644
2023-02-09$39.22$42.0031.2%8.9%26.0%2.8%32.3%1.3%0.4%127.5K-5.4M-49.5K0.1555.19N/AN/A374576,0683,709
2023-02-10$38.44$42.0030.9%8.9%25.3%2.1%31.4%0.5%0.9%102.4K-3.7M-48.4K1.5638.13N/AN/A3695756,4543,737
2023-02-13$38.94$41.0030.8%8.8%25.9%1.9%31.0%1.9%1.8%65.4K-4.6M-49.2K0.5439.43N/AN/A59326,5134,036
2023-02-14$39.45$41.0031.1%8.9%25.4%2.6%31.1%2.6%0.4%101.5K-5.9M-48.4K1.5848.36N/AN/A1071696,5244,032
2023-02-15$39.00$41.0029.5%8.5%25.5%0.0%29.9%1.3%1.1%53.6K-4.6M-47.7K1.4944.37N/AN/A57856,5854,019
2023-02-16$39.36$40.0030.3%8.7%25.6%1.9%30.7%0.7%0.3%59.7K-5.8M-47.1K8.3542.87N/AN/A524346,6004,029
2023-02-17$39.16$40.0029.9%8.6%25.1%0.8%30.2%1.6%0.7%86.0K-5.1M-46.9K1.7534.98N/AN/A56986,6084,320
2023-02-21$39.40$40.0031.6%9.1%25.3%5.1%31.8%1.9%0.2%238.3K-6.7M-45.9K1.0065.58N/AN/A1611615,9723,416
2023-02-22$38.36$41.0030.7%8.8%26.5%3.0%30.6%0.6%1.6%171.2K-4.4M-44.1K1.2456.72N/AN/A1381715,9523,454
2023-02-23$37.84$41.0030.3%8.7%26.5%1.9%31.1%3.2%0.9%141.7K-3.0M-43.7K1.4932.83N/AN/A2734065,9993,549
2023-02-24$36.58$41.0030.6%8.8%28.3%2.6%30.5%2.5%0.8%75.3K-418.8K-39.6K2.5214.65N/AN/A1333356,1463,592
2023-02-27$37.48$40.0030.6%8.8%30.4%2.7%30.6%2.7%1.2%113.7K-2.1M-40.7K0.1847.63N/AN/A201376,1743,619
2023-02-28$37.97$40.0031.0%8.9%30.6%3.7%31.1%1.7%-0.5%172.4K-3.6M-41.8K1.8324.42N/AN/A691266,3043,619