COPX Options History — February 2024

In February 2024, COPX traded between $34.09 and $36.74. ATM implied volatility averaged 23.7%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded below realized volatility by 3.7% (HV 20d: 27.5%). Max pain ranged from $35.00 to $36.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.73.

Notable Days

  • 2024-02-13: Highest Volume — 338 contracts
  • 2024-02-08: Largest IV spike — 6.0% change
  • 2024-02-13: Highest IV Rank — 16.3%
  • 2024-02-13: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.57$34.09$36.74$36.74$35.96
Max Pain$35.45$35.00$36.00$35.00$36.00
ATM IV23.7%20.6%25.5%24.1%20.6%
Expected Move6.9%5.9%7.3%7.3%5.9%
HV 20d27.5%25.0%29.9%25.0%26.9%
HV 60d27.5%26.4%28.2%27.7%26.4%
IV Rank8.9%0.0%16.3%10.0%0.0%
IV Percentile10.0%0.0%20.2%9.5%0.0%
Term Structure1.3%0.4%2.3%1.3%1.6%
VWIV24.3%19.3%26.4%26.4%20.6%
Skew 25d0.7%-1.9%3.1%-0.7%1.2%
Skew 10d2.6%-2.9%11.2%0.0%8.5%
Call IV 25d24.3%20.4%26.9%26.5%20.4%
Put IV 25d25.0%21.6%27.8%25.8%21.6%
Bid-Ask Spread %58.9941.5865.7655.3561.81
Gamma HHI0.170.120.330.140.16
Net GEX24.9K-186.1K159.7K104.7K151.1K
Net DEX-1.1M-2.4M1.2M-2.4M-2.0M
Net VEX-18.4K-20.6K-16.6K-20.6K-18.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.081.671.601.64
Total Volume159.152933813566
Total OI3,987.153,3684,3184,0333,822

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$36.74$35.0024.1%7.3%25.0%10.0%26.4%-0.7%1.3%104.7K-2.4M-20.6K1.6055.35N/AN/A52832,4751,558
2024-02-02$35.75$36.0022.9%6.9%26.8%4.9%24.8%-0.3%2.3%22.3K-1.2M-20.2K1.6757.87N/AN/A671122,4581,633
2024-02-05$35.02$36.0023.6%7.1%27.7%8.0%24.8%1.1%1.1%-61.8K-169.7K-19.1K0.7661.70N/AN/A76582,4621,692
2024-02-06$35.62$35.0023.5%7.0%28.4%7.5%24.7%0.5%1.2%-15.9K-940.5K-19.1K0.3861.70N/AN/A82312,4531,705
2024-02-07$35.25$35.0023.1%6.6%28.0%5.6%23.6%0.2%1.4%-66.7K-422.0K-18.4K1.0365.76N/AN/A35362,4631,703
2024-02-08$35.05$35.0024.5%7.0%28.0%11.7%24.6%0.5%1.0%-83.0K-100.7K-18.4K0.9364.14N/AN/A61572,4771,733
2024-02-09$34.60$35.0024.2%6.9%28.2%10.6%24.3%1.4%0.7%-135.2K523.1K-17.8K0.5063.07N/AN/A70352,4571,782
2024-02-12$35.20$35.0025.2%7.2%28.8%14.7%25.5%0.8%1.4%-88.8K-405.9K-18.3K0.2265.42N/AN/A92202,5051,798
2024-02-13$34.09$35.0025.5%7.3%28.8%16.3%26.0%3.1%1.1%-186.1K1.2M-16.6K0.8755.61N/AN/A1811572,5171,801
2024-02-14$34.83$35.0024.7%7.1%28.7%12.8%24.9%1.3%1.4%-128.0K-339.8K-17.3K0.7963.61N/AN/A57452,5031,749
2024-02-15$35.23$35.0025.2%7.2%29.0%15.0%26.4%2.4%0.4%-26.2K-904.8K-17.3K1.0864.02N/AN/A951032,5101,751
2024-02-16$36.06$35.0025.4%7.3%29.9%15.8%26.2%-1.9%1.5%159.7K-1.9M-18.0K0.1462.48N/AN/A228332,5141,792
2024-02-20$35.97$35.0024.1%6.9%28.8%10.1%24.8%-1.4%1.3%99.9K-1.8M-17.6K1.0759.60N/AN/A69742,1841,184
2024-02-21$35.91$36.0024.3%7.0%27.8%10.9%24.6%0.4%1.5%96.7K-1.7M-17.7K0.0863.32N/AN/A190162,2421,225
2024-02-22$36.01$36.0024.1%6.9%25.1%10.1%25.2%1.3%1.7%109.2K-1.9M-19.1K0.5353.97N/AN/A19102,3791,242
2024-02-23$36.44$36.0023.9%6.9%25.4%9.2%24.7%0.7%0.7%129.3K-2.3M-19.3K0.1941.58N/AN/A235442,3891,246
2024-02-26$35.94$36.0022.8%6.5%25.8%4.2%23.1%2.1%1.3%131.1K-1.9M-18.7K0.9141.70N/AN/A54492,4811,213
2024-02-27$36.25$36.0021.4%6.1%25.8%0.0%22.1%-1.1%2.2%150.8K-2.2M-18.7K0.1552.90N/AN/A181272,5061,242
2024-02-28$35.50$36.0021.5%6.2%26.8%0.4%19.3%2.4%0.5%134.7K-1.8M-18.6K0.1064.22N/AN/A257262,6531,244
2024-02-29$35.96$36.0020.6%5.9%26.9%0.0%20.6%1.2%1.6%151.1K-2.0M-18.3K1.6461.81N/AN/A25412,5601,262