COPX Options History — January 2024

In January 2024, COPX traded between $34.50 and $37.14. ATM implied volatility averaged 23.8%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded below realized volatility by 1.0% (HV 20d: 24.8%). Max pain ranged from $36.00 to $37.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.68.

Notable Days

  • 2024-01-26: Highest Volume — 512 contracts
  • 2024-01-30: Largest IV spike — 7.4% change
  • 2024-01-02: Highest IV Rank — 20.8%
  • 2024-01-02: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.24$34.50$37.14$37.14$36.23
Max Pain$36.10$36.00$37.00$37.00$36.00
ATM IV23.8%21.8%26.9%26.9%24.5%
Expected Move6.9%6.3%7.7%7.7%7.0%
HV 20d24.8%21.5%28.7%28.7%24.5%
HV 60d27.6%26.8%28.5%28.3%27.7%
IV Rank7.8%0.0%20.8%20.8%11.7%
IV Percentile6.4%0.0%22.6%22.6%11.5%
Term Structure1.5%0.3%2.7%0.8%1.7%
VWIV24.4%21.4%26.9%26.9%25.2%
Skew 25d0.4%-0.7%2.1%1.6%-0.4%
Skew 10d1.3%-1.2%6.3%3.0%-0.8%
Call IV 25d24.4%22.2%26.6%26.4%25.7%
Put IV 25d24.8%21.9%28.0%28.0%25.2%
Bid-Ask Spread %64.0844.9871.3954.0670.15
Gamma HHI0.190.130.450.150.13
Net GEX-15.6K-375.0K111.1K81.3K66.7K
Net DEX-861.6K-2.4M2.6M-2.0M-1.8M
Net VEX-17.2K-20.7K-13.1K-20.2K-20.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.144.850.240.33
Total Volume261.28642512359137
Total OI6,004.7623,0317,6507,3843,952

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$37.14$37.0026.9%7.7%28.7%20.8%26.9%1.6%0.8%81.3K-2.0M-20.2K0.2454.06N/AN/A290693,9353,449
2024-01-03$36.91$37.0025.9%7.4%27.4%16.4%26.8%1.3%1.5%81.6K-1.9M-20.7K0.3257.20N/AN/A297944,0753,439
2024-01-04$36.89$36.0024.2%7.4%26.1%8.9%26.4%1.0%2.2%89.7K-1.9M-20.2K0.7653.74N/AN/A1911464,1093,426
2024-01-05$36.85$36.0023.3%7.0%26.2%5.0%25.0%0.6%2.6%47.0K-1.6M-19.6K0.1457.33N/AN/A294414,0973,553
2024-01-08$37.09$36.0023.7%7.1%26.0%6.8%25.2%-0.2%2.0%62.6K-1.6M-17.4K0.8361.32N/AN/A83693,9323,594
2024-01-09$36.45$36.0023.5%7.1%26.6%5.9%24.7%-0.1%1.7%-34.4K-370.7K-17.0K1.1063.98N/AN/A59653,9473,601
2024-01-10$36.49$36.0024.4%7.0%26.2%9.9%24.7%0.4%2.2%-42.3K-674.3K-16.8K0.2062.34N/AN/A3573,9383,544
2024-01-11$36.53$36.0023.6%6.8%25.8%6.4%23.8%0.1%2.7%-47.6K-758.5K-16.4K0.6162.44N/AN/A64393,9423,514
2024-01-12$36.89$36.0023.0%6.6%23.0%3.7%22.8%-0.2%2.6%-3.5K-1.5M-16.0K0.1966.41N/AN/A305593,9223,527
2024-01-16$35.75$36.0023.3%6.7%21.8%5.0%23.4%0.4%2.0%-150.0K805.8K-14.6K0.7168.72N/AN/A77554,0783,515
2024-01-17$34.87$36.0023.1%6.6%23.2%4.1%23.9%2.1%1.5%-232.0K2.6M-13.1K4.8570.01N/AN/A733544,0633,513
2024-01-18$34.87$36.0022.9%6.6%23.3%2.9%23.3%0.5%0.7%-375.0K2.0M-13.9K0.5771.05N/AN/A3091754,0773,526
2024-01-19$35.25$36.0022.8%6.5%21.5%2.4%23.4%1.5%0.4%-242.6K728.4K-14.2K0.7571.39N/AN/A1971484,0373,542
2024-01-22$34.50$36.0021.8%6.3%21.9%0.0%21.4%-0.6%1.5%-53.5K533.4K-13.4K0.2344.98N/AN/A105241,7401,291
2024-01-23$35.27$36.0023.0%6.6%22.3%5.1%23.3%0.3%0.7%-11.9K-313.7K-14.8K0.3065.50N/AN/A228681,8281,310
2024-01-24$36.45$36.0024.2%6.9%25.8%10.4%24.5%1.0%0.5%60.8K-1.7M-16.4K0.2168.90N/AN/A343711,9991,324
2024-01-25$36.65$36.0023.6%6.8%25.6%8.1%24.3%-0.2%0.9%82.9K-2.0M-17.1K0.2668.89N/AN/A183472,0941,332
2024-01-26$36.47$36.0022.6%6.5%25.3%3.5%23.0%0.3%1.0%83.8K-1.9M-17.4K0.7869.33N/AN/A2872252,1731,326
2024-01-29$36.82$36.0024.0%6.9%24.6%9.6%24.3%-0.7%1.3%111.1K-2.4M-20.5K0.1968.43N/AN/A100192,3881,515
2024-01-30$36.71$36.0025.8%7.4%24.5%17.4%25.9%0.5%0.3%96.8K-2.3M-20.4K0.6769.46N/AN/A33222,4061,527
2024-01-31$36.23$36.0024.5%7.0%24.5%11.7%25.2%-0.4%1.7%66.7K-1.8M-20.3K0.3370.15N/AN/A103342,4121,540