COPX Options History — June 2023

In June 2023, COPX traded between $35.83 and $39.84. ATM implied volatility averaged 28.7%, placing in the 3.1% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 5.0% (HV 20d: 33.6%). Max pain ranged from $37.00 to $38.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.84.

Notable Days

  • 2023-06-15: Highest Volume — 769 contracts
  • 2023-06-12: Largest IV spike — 26.9% change
  • 2023-06-13: Highest IV Rank — 19.1%
  • 2023-06-01: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.87$35.83$39.84$35.83$37.64
Max Pain$37.19$37.00$38.00$38.00$38.00
ATM IV28.7%25.3%36.5%30.5%25.3%
Expected Move7.9%7.3%8.7%8.7%7.3%
HV 20d33.6%30.6%40.5%36.8%30.6%
HV 60d32.0%30.7%34.1%33.0%31.9%
IV Rank3.1%0.0%19.1%3.3%0.0%
IV Percentile7.4%0.0%51.2%2.8%0.0%
Term Structure1.8%-0.7%3.7%0.3%1.2%
VWIV27.4%22.7%31.0%31.0%24.7%
Skew 25d1.3%-0.2%3.2%1.2%1.0%
Skew 10d2.8%-0.8%10.9%4.8%5.1%
Call IV 25d27.3%25.2%30.1%30.1%25.2%
Put IV 25d28.6%26.2%31.3%31.3%26.2%
Bid-Ask Spread %34.5317.0554.2254.2240.46
Gamma HHI0.120.080.260.090.11
Net GEX218.8K-62.2K682.8K-62.2K117.2K
Net DEX-1.5M-7.7M3.4M3.4M193.1K
Net VEX-29.0K-32.8K-24.4K-29.3K-27.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.153.620.150.17
Total Volume361.61979769434478
Total OI9,547.198,31810,7429,3458,638

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$35.83$38.0030.5%8.7%36.8%3.3%31.0%1.2%0.3%-62.2K3.4M-29.3K0.1554.22N/AN/A378565,2954,050
2023-06-02$37.41$38.0029.1%8.4%40.5%0.0%29.2%0.7%-0.7%124.5K17.5K-32.2K0.3718.71N/AN/A4331605,5284,056
2023-06-05$36.78$37.0031.6%8.7%38.6%6.2%30.9%2.7%1.8%73.4K1.1M-31.0K0.6731.76N/AN/A3422295,7304,020
2023-06-06$37.34$37.0031.0%8.3%38.9%4.7%28.8%1.7%1.9%176.7K-473.9K-32.8K0.2336.17N/AN/A142326,0564,203
2023-06-07$37.13$37.0031.7%8.4%38.9%6.3%28.8%1.7%2.1%128.4K254.3K-31.4K0.7931.75N/AN/A111886,0034,220
2023-06-08$37.62$37.0030.6%8.2%38.2%3.5%27.5%2.6%2.6%203.6K-987.7K-32.4K0.2833.82N/AN/A352986,0964,272
2023-06-09$37.57$37.0028.7%7.8%31.9%0.0%28.0%1.8%3.5%220.1K-1.0M-31.6K0.1939.33N/AN/A272526,2694,247
2023-06-12$37.39$37.0036.4%8.2%32.0%18.9%28.3%3.2%2.2%161.6K-146.3K-30.3K1.1632.61N/AN/A1611876,2604,272
2023-06-13$38.36$37.0036.5%7.9%31.2%19.1%28.3%1.4%3.7%341.8K-2.9M-30.6K0.9527.70N/AN/A2302196,2154,303
2023-06-14$39.25$37.0027.9%8.0%31.1%0.0%27.7%1.4%3.5%548.3K-5.9M-30.9K0.5839.58N/AN/A3862236,3514,349
2023-06-15$39.84$37.0027.4%7.9%31.4%0.0%27.6%1.3%1.1%682.8K-7.7M-30.3K0.2031.02N/AN/A6421276,3574,385
2023-06-16$39.61$37.0027.3%7.8%30.6%0.0%27.2%0.5%2.3%630.5K-6.5M-30.1K1.3028.27N/AN/A2122756,3194,394
2023-06-20$38.47$37.0026.4%7.6%32.7%0.0%26.6%2.5%1.0%212.2K-2.7M-26.3K0.4225.53N/AN/A212894,9003,418
2023-06-21$38.70$37.0026.3%7.5%32.7%0.0%27.4%0.4%2.1%245.5K-3.4M-27.1K1.2640.36N/AN/A35444,9573,479
2023-06-22$38.48$37.0025.8%7.4%31.3%0.0%25.7%0.9%1.6%215.6K-2.8M-26.9K0.3944.69N/AN/A76304,9793,501
2023-06-23$37.28$37.0025.9%7.4%31.8%0.2%22.7%0.4%2.0%106.8K-330.2K-26.1K2.6018.11N/AN/A862245,0293,500
2023-06-26$38.02$37.0026.5%7.6%32.3%1.7%26.9%0.4%1.7%157.4K-1.5M-25.8K0.6617.05N/AN/A67445,0653,659
2023-06-27$38.11$37.0026.0%7.5%31.6%0.6%26.6%0.4%1.6%178.0K-1.8M-24.8K0.2532.77N/AN/A189475,0853,690
2023-06-28$37.52$37.0025.5%7.3%31.5%0.0%25.9%-0.2%1.2%93.8K-513.5K-24.4K3.6251.29N/AN/A451635,0263,713
2023-06-29$36.96$38.0025.9%7.4%31.9%0.9%26.2%1.6%1.4%38.8K1.6M-27.0K1.4949.89N/AN/A1442144,7463,856
2023-06-30$37.64$38.0025.3%7.3%30.6%0.0%24.7%1.0%1.2%117.2K193.1K-27.7K0.1740.46N/AN/A408704,8083,830