COPX Options History — July 2023

In July 2023, COPX traded between $36.41 and $41.84. ATM implied volatility averaged 28.2%, placing in the 10.0% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded below realized volatility by 3.2% (HV 20d: 31.4%). Max pain ranged from $38.00 to $39.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 1.20.

Notable Days

  • 2023-07-27: Highest Volume — 975 contracts
  • 2023-07-31: Largest IV spike — 12.7% change
  • 2023-07-31: Highest IV Rank — 23.3%
  • 2023-07-31: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.34$36.41$41.84$38.23$41.84
Max Pain$38.45$38.00$39.00$38.00$39.00
ATM IV28.2%25.0%31.6%25.3%31.6%
Expected Move8.1%7.3%9.1%7.3%9.1%
HV 20d31.4%26.8%33.5%27.1%31.9%
HV 60d32.7%31.8%33.2%32.1%33.2%
IV Rank10.0%0.0%23.3%0.0%23.3%
IV Percentile7.9%0.0%29.0%0.4%29.0%
Term Structure1.0%-0.8%1.7%1.2%-0.8%
VWIV28.9%24.9%33.2%25.4%31.5%
Skew 25d0.9%-1.8%2.7%1.1%-1.8%
Skew 10d3.0%-0.8%8.7%3.5%-0.7%
Call IV 25d28.2%24.7%33.5%24.7%33.5%
Put IV 25d29.0%25.8%31.6%25.8%31.6%
Bid-Ask Spread %34.3910.9351.1330.8234.88
Gamma HHI0.140.080.480.110.09
Net GEX163.8K-260.3K458.2K181.9K191.7K
Net DEX-2.9M-7.8M2.9M-1.0M-5.1M
Net VEX-25.3K-28.7K-22.1K-26.8K-28.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.200.136.121.180.14
Total Volume405.259897598645
Total OI7,734.253,8369,3918,6396,286

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$38.23$38.0025.3%7.3%27.1%0.0%25.4%1.1%1.2%181.9K-1.0M-26.8K1.1830.82N/AN/A45534,7523,887
2023-07-05$37.69$38.0025.8%7.4%26.8%1.0%24.9%1.8%1.2%111.2K300.7K-24.9K1.2810.93N/AN/A43554,7523,854
2023-07-06$36.41$38.0027.3%7.8%29.1%4.5%27.6%2.1%1.4%-40.9K2.9M-23.1K0.1335.65N/AN/A530684,7643,864
2023-07-07$37.47$38.0025.0%7.6%30.9%0.0%26.9%0.8%1.6%95.0K-197.9K-25.3K0.4432.13N/AN/A143634,9123,728
2023-07-10$37.77$38.0027.4%8.1%30.7%5.4%28.6%1.6%1.5%136.3K-1.0M-25.2K1.2351.13N/AN/A2012474,9413,737
2023-07-11$38.09$38.0027.8%8.1%30.8%6.4%28.8%1.4%1.2%155.5K-1.5M-24.8K2.3621.32N/AN/A841984,9043,772
2023-07-12$39.48$38.0028.5%8.2%33.2%8.0%29.5%2.3%1.5%323.4K-4.6M-26.0K0.5936.47N/AN/A2161274,9363,827
2023-07-13$40.65$38.0030.6%8.8%33.5%12.5%30.7%0.7%-0.2%458.2K-7.8M-26.4K0.4827.00N/AN/A3271574,9983,820
2023-07-14$39.95$38.0029.5%8.4%33.4%15.7%29.7%0.3%1.2%416.9K-6.1M-26.6K1.5324.16N/AN/A811245,3043,796
2023-07-17$39.38$38.0029.0%8.3%33.4%14.2%29.9%2.7%1.3%321.9K-4.5M-24.9K2.5848.72N/AN/A1253225,3013,858
2023-07-18$39.59$38.0028.8%8.3%33.4%13.3%29.2%0.5%1.7%314.3K-4.9M-24.7K0.2228.53N/AN/A145325,3263,989
2023-07-19$39.48$39.0028.9%8.3%31.6%13.8%29.1%0.6%1.1%251.5K-4.3M-23.8K1.0048.98N/AN/A3243255,2623,995
2023-07-20$39.36$39.0028.0%8.0%31.5%10.4%27.9%0.9%1.1%81.8K-3.3M-23.8K0.3432.05N/AN/A126435,2094,182
2023-07-21$38.98$39.0027.3%7.8%31.7%8.2%27.9%0.9%0.9%-260.3K-1.9M-22.2K0.5425.77N/AN/A166895,0834,195
2023-07-24$39.32$39.0028.0%8.0%29.4%10.5%27.8%0.5%0.2%64.5K-1.7M-22.1K0.2039.89N/AN/A251492,1321,704
2023-07-25$41.08$39.0030.1%8.6%32.3%17.8%30.1%-0.1%0.5%138.1K-3.7M-24.6K0.3842.46N/AN/A3781422,4231,733
2023-07-26$40.74$39.0029.0%8.3%32.6%14.0%33.2%1.2%0.6%142.5K-3.4M-25.5K6.1224.90N/AN/A986002,6761,768
2023-07-27$40.34$39.0027.7%7.9%32.2%9.4%30.0%0.6%0.7%98.9K-2.8M-27.1K2.8746.82N/AN/A2527232,7522,352
2023-07-28$41.04$39.0028.1%8.0%31.8%10.7%28.6%-0.1%1.2%93.9K-3.3M-28.3K0.3245.20N/AN/A3841242,9252,986
2023-07-31$41.84$39.0031.6%9.1%31.9%23.3%31.5%-1.8%-0.8%191.7K-5.1M-28.7K0.1434.88N/AN/A567783,2483,038