COPX Options History — October 2023

In October 2023, COPX traded between $32.80 and $35.92. ATM implied volatility averaged 29.9%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 2.3% (HV 20d: 27.6%). Max pain ranged from $34.00 to $41.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 1.21.

Notable Days

  • 2023-10-04: Highest Volume — 680 contracts
  • 2023-10-06: Largest IV drop — 13.6% change
  • 2023-10-05: Highest IV Rank — 31.9%
  • 2023-10-04: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.35$32.80$35.92$35.12$32.80
Max Pain$38.32$34.00$41.00$38.00$34.00
ATM IV29.9%28.0%34.1%31.3%28.6%
Expected Move8.6%8.0%9.7%9.0%8.2%
HV 20d27.6%24.5%29.9%26.7%24.5%
HV 60d25.9%24.5%27.2%27.0%24.8%
IV Rank17.3%10.5%31.9%22.3%12.5%
IV Percentile29.5%14.3%67.5%42.1%18.7%
Term Structure-0.1%-1.3%1.0%-1.3%-0.8%
VWIV30.0%27.5%34.1%31.7%30.2%
Skew 25d2.6%1.0%4.8%1.0%3.3%
Skew 10d5.8%2.7%7.5%2.7%5.9%
Call IV 25d29.0%26.8%33.2%30.9%27.8%
Put IV 25d31.6%29.2%36.3%31.9%31.0%
Bid-Ask Spread %38.7012.0261.2524.8442.90
Gamma HHI0.160.110.360.120.17
Net GEX-147.7K-258.6K-83.0K-120.1K-113.2K
Net DEX3.9M2.6M5.9M3.4M3.8M
Net VEX-21.0K-24.0K-17.4K-22.1K-20.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.032.562.562.18
Total Volume346.90979680549350
Total OI7,062.7735,2758,2186,9036,106

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$35.12$38.0031.3%9.0%26.7%22.3%31.7%1.0%-1.3%-120.1K3.4M-22.1K2.5624.84N/AN/A1543953,6883,215
2023-10-03$34.39$38.0033.6%9.6%27.4%30.0%32.7%2.6%-1.1%-152.9K4.3M-21.5K1.1312.02N/AN/A2492823,7263,306
2023-10-04$34.05$38.0033.9%9.7%27.4%31.2%32.3%3.1%-0.7%-170.2K5.2M-22.0K1.9353.20N/AN/A2324483,8273,540
2023-10-05$34.05$41.0034.1%9.4%26.8%31.9%34.1%4.8%-0.3%-170.6K5.2M-22.0K1.9938.14N/AN/A1563113,6683,739
2023-10-06$35.23$41.0029.4%8.8%29.9%15.7%30.2%2.0%0.1%-154.2K3.6M-24.0K0.7218.93N/AN/A2912093,7523,970
2023-10-09$35.25$41.0032.0%9.1%27.7%24.7%31.3%2.8%-0.1%-161.6K3.6M-23.0K0.2035.17N/AN/A89183,6873,885
2023-10-10$35.92$41.0029.4%8.6%28.6%15.5%32.2%2.1%-0.0%-122.1K2.6M-23.0K0.1737.05N/AN/A242413,7453,894
2023-10-11$35.74$41.0029.6%8.5%28.5%16.3%30.2%1.9%0.7%-132.5K2.8M-22.4K0.2524.24N/AN/A161403,8083,925
2023-10-12$34.84$41.0029.7%8.5%26.9%16.7%30.4%3.4%-0.1%-192.7K4.2M-21.0K1.2729.65N/AN/A66843,8993,946
2023-10-13$34.78$41.0030.1%8.6%26.8%18.1%32.0%2.5%0.8%-215.5K4.5M-21.5K1.3926.69N/AN/A36503,9194,016
2023-10-16$35.38$41.0028.3%8.1%27.8%11.7%28.1%1.6%1.0%-195.4K3.2M-20.1K1.8843.54N/AN/A1733253,9443,981
2023-10-17$35.34$40.0029.1%8.4%27.7%14.5%28.8%2.8%-0.1%-181.9K3.2M-20.0K0.3940.98N/AN/A152603,9963,937
2023-10-18$34.49$38.0029.2%8.4%28.7%14.6%29.1%2.7%0.9%-233.3K4.6M-18.8K1.5231.60N/AN/A2103194,0713,971
2023-10-19$34.16$38.0028.3%8.1%27.8%11.6%28.6%2.1%0.5%-258.6K4.9M-18.8K1.6461.25N/AN/A831364,2074,011
2023-10-20$33.44$38.0029.9%8.6%28.5%17.1%29.0%3.3%0.2%-112.1K5.9M-17.4K1.9637.93N/AN/A2244394,1833,909
2023-10-23$33.34$37.0029.3%8.4%28.5%15.2%29.2%3.1%-0.2%-91.2K3.4M-19.6K2.1146.36N/AN/A1172472,4322,843
2023-10-24$33.69$36.0028.0%8.0%28.4%10.5%28.0%2.3%-0.4%-83.0K3.1M-20.6K0.2938.44N/AN/A226652,5232,959
2023-10-25$33.20$36.0029.2%8.4%28.7%14.9%27.9%2.3%-0.2%-91.2K3.6M-19.9K0.5355.47N/AN/A171912,5612,975
2023-10-26$33.32$35.0028.5%8.2%27.2%12.4%28.1%3.3%-0.3%-87.0K3.7M-21.0K2.1149.80N/AN/A1232602,6733,149
2023-10-27$33.74$35.0028.0%8.0%27.5%10.6%28.3%1.8%0.3%-95.4K2.8M-22.3K0.3056.07N/AN/A61182,6993,179
2023-10-30$33.36$34.0028.8%8.3%24.9%13.4%27.5%3.4%-0.4%-114.8K3.3M-20.9K0.0347.03N/AN/A22172,7283,189
2023-10-31$32.80$34.0028.6%8.2%24.5%12.5%30.2%3.3%-0.8%-113.2K3.8M-20.0K2.1842.90N/AN/A1102402,9143,192