COPX Options History — November 2023

In November 2023, COPX traded between $31.91 and $34.69. ATM implied volatility averaged 24.7%, placing in the 2.5% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 2.4% (HV 20d: 27.1%). Max pain ranged from $34.00 to $35.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.41.

Notable Days

  • 2023-11-20: Highest Volume — 674 contracts
  • 2023-11-21: Largest IV drop — 9.1% change
  • 2023-11-06: Highest IV Rank — 6.9%
  • 2023-11-03: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.63$31.91$34.69$32.64$34.27
Max Pain$34.43$34.00$35.00$34.00$35.00
ATM IV24.7%22.2%27.0%26.4%22.7%
Expected Move7.1%6.4%7.6%7.6%6.5%
HV 20d27.1%24.3%29.4%24.4%28.1%
HV 60d26.3%24.7%27.2%24.7%26.7%
IV Rank2.5%0.0%6.9%4.9%1.6%
IV Percentile2.7%0.0%9.1%6.0%1.2%
Term Structure0.3%-0.7%0.8%0.4%0.3%
VWIV24.8%19.6%29.5%26.6%22.0%
Skew 25d1.0%-1.3%2.8%1.4%0.8%
Skew 10d4.3%1.1%10.8%5.5%10.8%
Call IV 25d24.6%22.1%26.6%26.4%23.0%
Put IV 25d25.6%22.1%28.1%27.8%23.7%
Bid-Ask Spread %48.7620.6963.6150.8139.74
Gamma HHI0.160.100.250.170.16
Net GEX-39.9K-195.3K103.1K-134.8K54.3K
Net DEX2.4M152.3K6.0M4.1M958.4K
Net VEX-21.8K-25.1K-17.5K-19.6K-23.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.041.170.660.07
Total Volume294.42968674236170
Total OI7,439.7146,3248,3836,3247,860

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$32.64$34.0026.4%7.6%24.4%4.9%26.6%1.4%0.4%-134.8K4.1M-19.6K0.6650.81N/AN/A142943,0063,318
2023-11-02$33.62$34.0025.9%7.6%26.8%3.4%26.0%1.6%-0.1%-84.4K2.7M-21.3K0.1943.55N/AN/A5661053,0333,353
2023-11-03$34.13$35.0026.2%7.6%24.3%4.1%26.1%1.4%0.4%24.9K1.6M-23.6K1.1759.90N/AN/A2783253,4383,442
2023-11-06$33.80$35.0027.0%7.5%24.5%6.9%26.6%1.7%0.7%5.3K2.6M-23.2K0.3360.40N/AN/A51173,6623,674
2023-11-07$32.86$35.0026.9%7.5%24.8%6.7%27.2%2.8%0.2%-112.2K4.5M-20.4K0.5957.00N/AN/A93553,6703,680
2023-11-08$31.91$35.0026.2%7.5%26.4%4.2%23.4%2.0%0.3%-195.3K6.0M-17.5K0.1856.64N/AN/A231413,6603,722
2023-11-09$32.09$35.0026.2%7.5%25.6%4.4%29.5%0.5%0.5%-187.8K5.6M-18.6K0.7353.36N/AN/A131953,8083,746
2023-11-10$32.11$34.0025.6%7.3%25.6%2.0%26.3%1.9%0.7%-180.4K5.2M-18.6K0.6658.04N/AN/A1951293,9843,766
2023-11-13$32.31$35.0025.8%7.4%24.7%2.8%25.4%0.9%0.8%-193.8K4.9M-18.9K0.3253.45N/AN/A99324,0773,810
2023-11-14$33.64$34.0024.6%7.1%29.4%0.0%24.7%0.9%0.0%-42.2K2.4M-21.1K0.7147.60N/AN/A1731224,1623,829
2023-11-15$34.11$34.0025.1%7.2%28.7%1.5%25.5%1.5%0.1%103.1K1.2M-21.7K0.2949.50N/AN/A3541034,1963,829
2023-11-16$33.62$34.0025.4%7.3%29.0%2.8%25.7%1.1%-0.4%-86.9K2.4M-21.4K0.3263.61N/AN/A53174,4693,883
2023-11-17$34.03$34.0024.6%7.1%28.3%0.1%24.3%1.1%-0.1%37.8K1.4M-21.1K0.2856.37N/AN/A155434,4923,891
2023-11-20$34.58$34.0025.1%7.2%28.7%1.8%25.2%-0.0%-0.7%-4.7K225.3K-21.6K0.7820.69N/AN/A3792953,4072,974
2023-11-21$34.61$34.0022.8%6.5%28.5%0.0%23.8%0.2%0.7%-5.2K688.2K-24.0K0.2840.74N/AN/A337933,6473,343
2023-11-22$34.41$34.0023.2%6.6%28.1%1.1%22.8%0.0%0.4%3.2K880.5K-24.3K0.0947.18N/AN/A193173,8643,321
2023-11-24$34.50$34.0022.2%6.4%28.1%0.0%22.7%-1.3%0.0%29.3K647.5K-24.4K0.4938.62N/AN/A117574,0023,332
2023-11-27$34.01$34.0022.4%6.4%28.3%0.5%19.6%-0.2%0.5%-1.0K1.7M-23.2K0.1345.94N/AN/A281364,0513,373
2023-11-28$34.69$35.0023.0%6.6%28.7%2.6%23.3%1.6%0.6%69.6K152.3K-25.1K0.2339.77N/AN/A104244,2793,404
2023-11-29$34.39$35.0022.3%6.4%28.2%0.4%23.7%1.9%0.5%62.5K740.6K-24.0K0.0441.03N/AN/A367144,3493,428
2023-11-30$34.27$35.0022.7%6.5%28.1%1.6%22.0%0.8%0.3%54.3K958.4K-23.9K0.0739.74N/AN/A159114,4313,429