COPX Options History — April 2024

In April 2024, COPX traded between $42.74 and $47.89. ATM implied volatility averaged 34.4%, placing in the 80.0% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 7.7% (HV 20d: 26.6%). Max pain ranged from $40.00 to $44.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.30.

Notable Days

  • 2024-04-23: Highest Volume — 4,519 contracts
  • 2024-04-03: Largest IV spike — 19.9% change
  • 2024-04-15: Highest IV Rank — 100.0%
  • 2024-04-29: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.43$42.74$47.89$42.74$46.00
Max Pain$42.55$40.00$44.00$40.00$44.00
ATM IV34.4%29.0%40.6%29.2%37.0%
Expected Move9.9%8.3%11.7%8.4%10.6%
HV 20d26.6%20.9%33.3%33.3%29.4%
HV 60d28.5%27.1%29.5%28.8%29.3%
IV Rank80.0%52.9%100.0%54.2%81.7%
IV Percentile92.2%59.1%100.0%63.1%98.0%
Term Structure-0.3%-2.4%0.8%0.8%-2.4%
VWIV34.7%29.3%41.0%29.3%37.0%
Skew 25d-1.4%-4.9%1.0%-1.4%1.0%
Skew 10d0.6%-5.4%3.8%0.4%1.1%
Call IV 25d35.7%30.3%41.0%30.3%36.3%
Put IV 25d34.3%28.9%41.1%28.9%37.4%
Bid-Ask Spread %39.8716.1457.8254.7448.89
Gamma HHI0.240.170.290.170.26
Net GEX1.1M415.2K1.5M415.2K1.5M
Net DEX-30.9M-41.0M-16.3M-16.3M-29.1M
Net VEX-73.1K-98.5K-50.8K-54.1K-98.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.070.910.240.11
Total Volume1,655.0913434,5197072,904
Total OI17,113.86412,41520,71913,53217,207

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$42.74$40.0029.2%8.4%33.3%54.2%29.3%-1.4%0.8%415.2K-16.3M-54.1K0.2454.74N/AN/A5711367,6965,836
2024-04-02$43.29$40.0029.0%8.3%33.3%52.9%30.0%-2.3%0.5%566.4K-19.5M-53.7K0.2753.75N/AN/A6481768,0405,894
2024-04-03$44.39$40.0034.8%10.0%32.1%89.1%35.0%-4.9%-0.2%619.4K-23.9M-50.8K0.1657.82N/AN/A3,7155858,1905,986
2024-04-04$44.46$42.0031.6%9.3%30.5%69.6%33.0%-2.3%0.0%965.6K-28.4M-69.8K0.1541.99N/AN/A1,77826610,7876,325
2024-04-05$44.63$42.0029.7%9.1%30.3%57.4%32.0%-2.5%0.5%1.0M-28.8M-70.2K0.3030.46N/AN/A47714410,8256,368
2024-04-08$45.53$42.0032.6%9.3%30.4%75.8%32.5%-1.9%-0.1%1.1M-33.4M-62.2K0.1329.86N/AN/A1,51719610,8616,409
2024-04-09$46.62$42.0034.4%9.8%30.8%87.1%33.2%-1.2%-0.6%1.2M-40.1M-63.9K0.1423.17N/AN/A2,40932611,8366,499
2024-04-10$46.22$42.0033.4%9.6%31.1%80.6%33.9%-1.9%0.3%1.4M-41.0M-72.5K0.0938.29N/AN/A1,57914413,0316,628
2024-04-11$46.28$42.0031.6%9.1%24.6%69.4%32.4%0.9%0.7%1.3M-38.2M-67.2K0.4744.62N/AN/A91443312,1866,717
2024-04-12$45.55$42.0034.5%9.9%25.8%87.3%34.4%0.0%-0.0%1.3M-34.6M-73.9K0.2652.66N/AN/A95525212,5987,041
2024-04-15$45.62$42.0037.3%10.7%24.8%100.0%37.8%-2.8%-1.8%1.3M-35.0M-71.2K0.5549.44N/AN/A88448612,6267,115
2024-04-16$45.23$43.0034.9%10.0%24.8%85.2%34.8%-2.6%-0.2%1.4M-33.5M-72.8K0.3249.03N/AN/A64820512,7987,379
2024-04-17$45.36$43.0034.4%9.9%23.2%82.3%34.8%-1.4%-0.3%1.4M-34.6M-72.7K0.3949.94N/AN/A66726212,9537,469
2024-04-18$46.19$43.0037.5%10.7%20.9%100.0%37.5%-1.2%-1.0%1.2M-39.7M-72.9K0.1755.83N/AN/A86814713,2287,485
2024-04-19$45.90$43.0039.1%11.2%21.1%100.0%39.0%-1.9%-0.8%1.1M-38.2M-74.5K0.2852.00N/AN/A1,35038213,2167,503
2024-04-22$45.29$44.0037.5%10.7%21.3%91.2%37.7%-0.0%-1.5%950.6K-21.3M-75.8K0.9122.29N/AN/A4103729,7262,689
2024-04-23$44.41$44.0033.4%9.6%22.8%68.9%34.2%-0.0%0.7%970.5K-18.2M-76.4K0.0716.14N/AN/A4,2352849,9142,992
2024-04-24$44.49$44.0033.7%9.6%22.3%70.6%34.5%-0.6%0.2%1.2M-20.4M-86.8K0.7320.42N/AN/A19814511,7023,143
2024-04-25$45.94$44.0034.9%10.0%24.2%77.5%35.0%-1.8%-0.1%1.4M-27.2M-86.1K0.3325.01N/AN/A50416811,7463,190
2024-04-26$47.39$44.0035.1%10.1%24.6%78.6%35.2%-1.6%0.3%1.5M-37.8M-90.3K0.2916.81N/AN/A98328712,9263,228
2024-04-29$47.89$44.0040.6%11.7%24.6%100.0%41.0%0.1%-2.2%1.4M-39.5M-91.8K0.2643.89N/AN/A2,22657613,1443,373
2024-04-30$46.00$44.0037.0%10.6%29.4%81.7%37.0%1.0%-2.4%1.5M-29.1M-98.5K0.1148.89N/AN/A2,61329113,3523,855