COPX Options History — March 2024

In March 2024, COPX traded between $35.89 and $42.52. ATM implied volatility averaged 27.2%, placing in the 33.5% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 2.8% (HV 20d: 30.0%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.30.

Notable Days

  • 2024-03-19: Highest Volume — 5,531 contracts
  • 2024-03-11: Largest IV spike — 15.4% change
  • 2024-03-15: Highest IV Rank — 68.1%
  • 2024-03-15: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.68$35.89$42.52$36.45$42.52
Max Pain$36.95$35.00$40.00$36.00$40.00
ATM IV27.2%20.6%33.6%20.6%27.1%
Expected Move7.7%5.9%9.6%5.9%7.8%
HV 20d30.0%24.8%34.1%26.8%33.3%
HV 60d27.7%25.7%28.9%26.1%28.9%
IV Rank33.5%0.0%68.1%0.0%41.3%
IV Percentile42.7%0.0%92.5%0.0%44.4%
Term Structure1.7%-0.7%3.8%1.5%1.0%
VWIV27.1%21.0%33.2%21.0%26.8%
Skew 25d-1.9%-5.2%0.2%0.2%-1.9%
Skew 10d-2.5%-6.3%1.3%0.2%-4.4%
Call IV 25d28.4%21.6%36.0%21.6%27.6%
Put IV 25d26.5%21.8%30.9%21.8%25.7%
Bid-Ask Spread %42.0316.2561.6961.6944.41
Gamma HHI0.160.130.200.170.17
Net GEX252.3K-55.7K445.4K177.7K346.3K
Net DEX-8.1M-15.3M-2.2M-2.7M-15.3M
Net VEX-36.9K-61.2K-18.5K-18.5K-55.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.081.300.360.31
Total Volume893.1895,531352878
Total OI7,620.83,83513,2293,83513,229

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$36.45$36.0020.6%5.9%26.8%0.0%21.0%0.2%1.5%177.7K-2.7M-18.5K0.3661.69N/AN/A259932,5591,276
2024-03-04$36.59$35.0023.3%6.5%24.9%11.2%22.8%-0.2%3.4%221.4K-3.0M-18.6K0.1451.49N/AN/A178252,6731,244
2024-03-05$35.89$35.0023.1%6.4%24.8%10.7%22.7%-0.6%3.8%190.0K-2.2M-18.6K0.1953.94N/AN/A75142,7581,258
2024-03-06$37.29$35.0024.7%6.9%27.5%17.0%25.7%-2.3%2.7%248.7K-4.1M-19.2K0.2443.20N/AN/A5961422,7671,264
2024-03-07$38.05$35.0026.1%7.4%27.8%23.1%25.7%-3.1%2.5%276.2K-5.4M-22.5K0.2126.86N/AN/A450943,1361,253
2024-03-08$38.04$35.0025.0%7.4%27.6%18.4%25.7%-1.5%2.7%307.0K-5.5M-24.0K0.2035.66N/AN/A102203,3521,262
2024-03-11$38.28$35.0028.8%7.6%26.9%34.4%26.5%-1.8%3.5%310.4K-5.8M-23.8K0.1536.52N/AN/A266393,3711,259
2024-03-12$38.09$35.0027.8%7.6%26.7%30.2%26.7%-1.8%3.2%349.4K-5.8M-24.3K0.0825.90N/AN/A250203,5121,288
2024-03-13$40.48$35.0031.2%8.9%30.2%44.3%31.9%-3.5%1.2%253.7K-8.8M-23.8K0.1116.25N/AN/A1,6071733,4731,293
2024-03-14$40.52$35.0029.2%8.4%30.0%45.4%29.6%-2.2%0.1%390.4K-9.9M-28.0K0.4153.39N/AN/A3101264,3951,378
2024-03-15$41.53$35.0033.6%9.6%30.5%68.1%33.2%-5.2%-0.7%374.9K-11.6M-29.1K0.2248.07N/AN/A1,4163144,5221,424
2024-03-18$41.16$36.0031.1%8.9%30.6%55.0%31.4%-2.1%0.9%438.6K-10.1M-32.7K0.1937.76N/AN/A1,0782064,7631,399
2024-03-19$40.39$37.0029.1%8.4%31.8%44.8%29.8%-2.1%1.2%445.4K-9.0M-36.2K1.3042.13N/AN/A2,4003,1315,1451,598
2024-03-20$41.88$40.0028.9%8.3%33.4%47.8%28.8%-2.4%1.3%289.6K-12.9M-61.2K0.2547.15N/AN/A8052017,3224,728
2024-03-21$41.78$40.0029.2%8.4%33.5%49.2%29.1%-2.0%0.4%261.5K-12.2M-60.9K0.3945.33N/AN/A3971567,3144,863
2024-03-22$41.31$40.0028.2%8.1%34.1%43.5%28.2%-0.9%0.1%178.9K-10.2M-61.1K0.5045.90N/AN/A2601317,3144,983
2024-03-25$41.17$40.0026.1%7.5%33.5%31.5%26.2%-2.0%1.2%24.6K-9.0M-60.1K0.0847.63N/AN/A390337,2925,588
2024-03-26$40.78$40.0025.3%7.3%34.0%27.2%25.6%-1.5%1.4%-55.7K-7.6M-60.3K0.2736.27N/AN/A351947,4235,595
2024-03-27$41.33$40.0025.2%7.2%32.6%27.6%25.5%-2.1%2.1%17.7K-10.5M-59.0K0.4341.12N/AN/A5482347,4855,658
2024-03-28$42.52$40.0027.1%7.8%33.3%41.3%26.8%-1.9%1.0%346.3K-15.3M-55.9K0.3144.41N/AN/A6682107,4915,738