COPX Options History — July 2024

In July 2024, COPX traded between $41.89 and $48.11. ATM implied volatility averaged 31.7%, placing in the 34.8% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 3.1% (HV 20d: 28.7%). Max pain ranged from $45.00 to $47.00. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 3.26.

Notable Days

  • 2024-07-22: Highest Volume — 7,215 contracts
  • 2024-07-16: Largest IV spike — 26.6% change
  • 2024-07-31: Highest IV Rank — 44.2%
  • 2024-07-09: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.95$41.89$48.11$45.38$43.84
Max Pain$45.68$45.00$47.00$46.00$45.00
ATM IV31.7%24.5%34.7%33.1%34.7%
Expected Move9.2%7.0%10.4%9.5%10.0%
HV 20d28.7%25.8%33.6%33.6%31.6%
HV 60d34.1%33.1%35.4%33.5%34.3%
IV Rank34.8%12.3%44.2%39.1%44.2%
IV Percentile69.1%19.0%84.5%78.2%84.5%
Term Structure1.8%-8.7%17.2%-0.9%-8.7%
VWIV32.0%28.0%35.2%34.3%33.6%
Skew 25d1.6%-9.6%25.0%-2.8%-9.6%
Skew 10d-3.3%-15.5%9.6%-14.4%2.4%
Call IV 25d30.2%18.4%41.5%35.2%41.5%
Put IV 25d31.8%19.4%48.1%32.5%31.9%
Bid-Ask Spread %74.5959.5884.7782.2681.21
Gamma HHI0.190.100.310.160.20
Net GEX-820.0K-2.8M460.0K-73.6K67.8K
Net DEX-3.4M-29.4M29.2M-7.7M-6.6M
Net VEX-150.8K-177.0K-126.4K-169.1K-148.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.260.0815.230.660.18
Total Volume1,962.6362497,215341917
Total OI29,816.27320,75735,49127,92527,559

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$45.38$46.0033.1%9.5%33.6%39.1%34.3%-2.8%-0.9%-73.6K-7.7M-169.1K0.6682.26N/AN/A20513616,60611,319
2024-07-02$45.59$46.0030.5%8.7%33.6%30.9%28.0%2.2%2.7%-95.9K-9.6M-166.8K0.3682.51N/AN/A1836616,68611,346
2024-07-03$47.20$46.0032.4%9.3%31.2%36.9%33.8%1.1%1.6%277.0K-21.0M-172.9K0.3181.18N/AN/A83525816,82911,328
2024-07-05$48.11$45.0034.3%9.8%31.1%42.8%33.9%7.3%1.4%460.0K-29.4M-171.5K9.6878.47N/AN/A6296,08717,04111,252
2024-07-08$47.05$45.0030.0%9.7%31.5%29.5%33.2%10.5%0.1%-1.1M-13.4M-177.0K1.5370.18N/AN/A25138417,23217,119
2024-07-09$47.28$45.0034.4%10.4%27.7%43.0%32.4%-4.8%-0.7%-1.1M-14.7M-176.3K10.8478.75N/AN/A6772617,18817,071
2024-07-10$47.36$45.0034.0%9.7%27.2%41.8%34.0%25.0%0.4%-1.1M-15.9M-173.7K0.4377.26N/AN/A77633417,18517,409
2024-07-11$47.31$45.0032.4%9.3%25.8%37.0%35.2%-7.5%7.7%-1.2M-14.9M-169.7K1.1774.49N/AN/A44452117,15317,335
2024-07-12$47.84$47.0033.9%9.7%25.9%41.7%32.2%12.0%1.7%-777.8K-24.1M-159.5K0.3084.77N/AN/A45913717,25817,800
2024-07-15$47.15$47.0027.4%7.8%26.1%21.2%33.4%12.7%1.0%-1.4M-17.3M-155.1K1.1076.99N/AN/A20923017,45417,845
2024-07-16$46.45$47.0034.7%9.9%26.8%44.0%32.0%-1.2%-0.5%-2.1M-6.2M-148.9K2.3868.52N/AN/A41298217,44318,048
2024-07-17$45.06$47.0031.5%9.0%29.0%34.0%29.2%-2.6%1.9%-2.8M12.1M-137.3K15.2368.72N/AN/A4266,48817,35117,704
2024-07-18$43.39$47.0029.1%8.3%31.5%26.5%30.2%-1.2%3.8%-2.2M29.2M-137.6K0.4966.52N/AN/A1,00449317,33117,783
2024-07-19$43.34$46.0033.5%9.6%29.5%40.4%30.4%-2.3%-2.0%-2.1M27.6M-134.9K15.0059.58N/AN/A2203,30017,74417,468
2024-07-22$42.92$46.0031.6%9.1%29.1%34.5%31.1%-1.1%-2.2%-441.7K3.8M-129.6K9.7061.90N/AN/A6746,54111,9058,852
2024-07-23$42.59$45.0030.1%8.6%27.0%29.7%31.5%-1.8%2.3%-453.0K3.8M-126.4K0.2373.10N/AN/A1,56235212,1589,211
2024-07-24$42.13$45.0024.5%7.0%26.5%12.3%30.9%0.0%17.2%-343.3K5.2M-127.5K0.7774.23N/AN/A1,4961,15713,5349,504
2024-07-25$42.06$45.0027.3%7.8%26.3%21.1%29.3%-0.9%12.4%-394.8K5.6M-136.1K0.6874.04N/AN/A29620214,46310,370
2024-07-26$42.53$45.0032.1%9.2%26.6%36.0%31.2%-1.7%1.8%-349.8K4.3M-134.9K0.0876.13N/AN/A6605214,46710,467
2024-07-29$42.33$45.0034.4%9.9%26.6%43.3%32.7%2.2%-1.0%-321.5K5.2M-134.0K0.5767.88N/AN/A1,45182714,67710,487
2024-07-30$41.89$45.0032.1%9.2%26.3%36.1%32.1%-1.1%-0.0%-603.8K9.2M-130.2K0.1182.38N/AN/A6557415,69811,278
2024-07-31$43.84$45.0034.7%10.0%31.6%44.2%33.6%-9.6%-8.7%67.8K-6.6M-148.6K0.1881.21N/AN/A77414316,22611,333