COPX Options History — May 2024

In May 2024, COPX traded between $45.75 and $52.74. ATM implied volatility averaged 38.8%, placing in the 67.7% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 6.3% (HV 20d: 32.5%). Max pain ranged from $44.00 to $48.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 1.54.

Notable Days

  • 2024-05-14: Highest Volume — 8,279 contracts
  • 2024-05-13: Largest IV spike — 26.3% change
  • 2024-05-13: Highest IV Rank — 100.0%
  • 2024-05-20: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.54$45.75$52.74$45.75$48.05
Max Pain$46.95$44.00$48.00$44.00$48.00
ATM IV38.8%33.7%52.6%36.5%38.7%
Expected Move10.8%9.6%12.1%10.5%11.1%
HV 20d32.5%27.2%41.6%28.3%39.0%
HV 60d29.9%27.7%33.7%28.9%32.8%
IV Rank67.7%54.4%100.0%79.2%56.6%
IV Percentile96.6%91.7%100.0%97.2%95.6%
Term Structure-1.0%-2.6%0.5%-2.6%-0.3%
VWIV37.9%33.6%42.7%36.3%38.5%
Skew 25d-2.5%-5.1%0.3%-0.4%-2.5%
Skew 10d-2.4%-8.6%2.6%-1.8%-3.7%
Call IV 25d39.5%33.9%45.5%36.8%41.0%
Put IV 25d37.1%33.3%40.4%36.4%38.4%
Bid-Ask Spread %47.9225.4966.8665.5363.27
Gamma HHI0.180.080.300.240.10
Net GEX1.5M211.8K4.1M1.7M211.8K
Net DEX-41.7M-91.0M-25.3M-30.2M-25.8M
Net VEX-157.4K-261.3K-105.7K-107.8K-261.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.540.0717.520.212.58
Total Volume3,320.7735378,2797981,945
Total OI30,403.95518,97743,78318,97743,783

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$45.75$44.0036.5%10.5%28.3%79.2%36.3%-0.4%-2.6%1.7M-30.2M-107.8K0.2165.53N/AN/A66213614,9054,072
2024-05-02$45.80$44.0034.3%9.8%28.3%68.2%35.5%-2.4%-1.3%1.8M-31.0M-105.7K0.4466.86N/AN/A76934015,0814,081
2024-05-03$46.62$44.0036.7%10.5%28.9%80.4%37.3%-0.2%-1.1%2.0M-36.4M-107.1K17.5261.43N/AN/A3726,51715,5864,283
2024-05-06$47.21$47.0035.2%9.8%28.4%72.7%34.2%-1.2%0.5%1.5M-32.5M-131.8K0.4645.79N/AN/A36717015,67810,435
2024-05-07$47.39$47.0033.7%9.6%27.2%65.4%33.6%-0.8%0.5%1.6M-34.5M-129.7K0.4049.41N/AN/A62025115,79610,441
2024-05-08$46.70$47.0033.8%9.6%27.6%66.0%33.8%0.3%0.2%1.6M-28.6M-135.5K0.2148.45N/AN/A85217616,25010,602
2024-05-09$47.94$47.0034.4%9.8%29.0%68.8%34.6%-0.5%0.0%1.8M-39.6M-130.5K0.1846.87N/AN/A98818016,17010,666
2024-05-10$48.05$47.0036.1%10.2%28.3%77.6%35.8%-0.7%-0.2%1.8M-40.8M-132.5K0.0745.71N/AN/A6,46242616,43010,776
2024-05-13$48.28$47.0045.6%10.8%28.3%100.0%38.3%-0.6%0.4%3.0M-45.3M-131.2K0.1741.24N/AN/A1,77130519,16810,927
2024-05-14$49.59$47.0052.6%11.5%29.2%100.0%39.7%-4.0%-1.5%2.7M-60.6M-118.8K0.2738.12N/AN/A6,5051,77419,28311,009
2024-05-15$49.47$47.0039.9%11.4%29.3%60.4%40.3%-4.1%-2.4%3.8M-64.9M-136.9K0.2935.24N/AN/A6,0371,72622,41512,463
2024-05-16$49.39$47.0038.3%11.0%28.9%55.2%38.5%-3.8%-1.7%4.1M-63.3M-138.6K0.5234.11N/AN/A72437422,88713,521
2024-05-17$51.58$47.0040.9%11.7%31.9%63.4%40.5%-4.3%-1.8%788.8K-91.0M-120.3K0.3830.39N/AN/A2,38290322,91813,868
2024-05-20$52.74$47.0042.3%12.1%31.5%67.8%42.7%-5.1%-1.7%556.6K-44.4M-118.3K0.1625.49N/AN/A5,34287813,40611,367
2024-05-21$51.66$48.0040.7%11.7%31.7%62.8%40.5%-4.5%-1.4%847.5K-48.1M-170.9K0.2031.73N/AN/A3,04262117,52311,974
2024-05-22$48.25$48.0038.6%11.1%41.6%56.1%38.4%-3.7%-1.4%518.0K-29.2M-198.6K0.9951.41N/AN/A2,3902,36518,98612,447
2024-05-23$47.73$48.0038.6%11.1%40.5%56.2%38.9%-3.6%-1.0%296.8K-25.3M-211.6K0.5758.83N/AN/A1,03158519,75314,009
2024-05-24$48.64$48.0038.9%11.2%39.6%57.3%38.3%-3.3%-1.4%476.8K-32.8M-210.5K1.1651.32N/AN/A76187920,00714,296
2024-05-28$50.00$48.0040.2%11.5%40.6%61.2%40.2%-3.0%-1.4%702.5K-43.1M-207.3K0.5450.82N/AN/A1,28569820,36314,758
2024-05-29$48.80$48.0039.8%11.4%38.7%60.1%39.5%-3.1%-2.1%545.1K-34.7M-212.4K0.4953.14N/AN/A3,7561,84320,92814,965
2024-05-30$48.30$48.0038.0%10.9%38.9%54.4%38.1%-3.0%-0.3%805.6K-34.8M-245.8K5.9959.19N/AN/A5503,29723,75916,852
2024-05-31$48.05$48.0038.7%11.1%39.0%56.6%38.5%-2.5%-0.3%211.8K-25.8M-261.3K2.5863.27N/AN/A5431,40223,76820,015