COPX Options History — August 2024

In August 2024, COPX traded between $38.84 and $44.30. ATM implied volatility averaged 30.2%, placing in the 30.0% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded below realized volatility by 5.6% (HV 20d: 35.8%). Max pain ranged from $42.00 to $45.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 2.41.

Notable Days

  • 2024-08-02: Highest Volume — 5,195 contracts
  • 2024-08-05: Largest IV spike — 66.7% change
  • 2024-08-05: Highest IV Rank — 87.9%
  • 2024-08-01: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.81$38.84$44.30$41.68$43.08
Max Pain$43.14$42.00$45.00$45.00$43.00
ATM IV30.2%22.3%48.7%34.5%29.0%
Expected Move8.5%6.4%9.9%9.9%8.3%
HV 20d35.8%31.7%39.5%32.9%32.3%
HV 60d34.7%32.1%36.7%35.6%32.1%
IV Rank30.0%5.2%87.9%43.6%26.5%
IV Percentile54.5%2.4%99.6%83.7%52.4%
Term Structure2.4%-6.7%15.0%-3.7%-0.0%
VWIV30.3%24.8%34.9%34.9%29.3%
Skew 25d-3.1%-21.9%12.1%-1.3%1.6%
Skew 10d-1.6%-15.9%15.2%-3.2%-4.3%
Call IV 25d31.0%22.2%41.7%33.8%29.0%
Put IV 25d27.9%17.3%35.7%32.5%30.6%
Bid-Ask Spread %79.7067.81102.4680.2774.90
Gamma HHI0.140.080.310.220.09
Net GEX-155.1K-1.3M692.4K-540.4K506.1K
Net DEX4.7M-11.5M21.3M9.7M-5.2M
Net VEX-106.0K-130.8K-93.2K-130.8K-100.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.410.0227.860.490.02
Total Volume794.51555,195707545
Total OI25,254.36421,22027,97927,82523,837

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-08-01$41.68$45.0034.5%9.9%32.9%43.6%34.9%-1.3%-3.7%-540.4K9.7M-130.8K0.4980.27N/AN/A47323416,54111,284
2024-08-02$41.03$45.0029.2%8.4%31.7%27.0%34.4%-8.6%9.6%-651.4K13.5M-122.6K27.8699.55N/AN/A1805,01516,42011,383
2024-08-05$39.47$43.0048.7%9.7%33.2%87.9%33.7%-21.9%7.6%-142.9K13.9M-110.3K5.0285.72N/AN/A2421,21416,4409,747
2024-08-06$39.85$43.0037.8%9.0%33.5%53.7%33.1%-14.7%6.7%-353.5K15.8M-108.6K0.3690.78N/AN/A33312016,40910,617
2024-08-07$38.84$43.0032.5%8.0%33.8%37.2%31.3%12.1%14.6%-485.6K21.3M-93.2K10.0390.03N/AN/A1011,01316,48110,623
2024-08-08$39.81$43.0026.6%8.3%35.8%18.6%32.4%-13.1%4.1%-527.3K17.8M-100.6K1.26102.46N/AN/A18022616,44510,997
2024-08-09$40.06$43.0031.0%9.3%35.5%32.7%28.9%-13.1%-0.5%-621.2K16.9M-100.9K0.2080.42N/AN/A1723516,50810,848
2024-08-12$40.59$43.0026.9%9.6%36.3%19.9%31.4%-0.8%-3.2%-721.0K15.0M-100.3K1.4980.02N/AN/A9914816,52010,850
2024-08-13$40.69$43.0029.1%9.3%36.3%26.7%31.1%-15.5%-0.1%-737.5K14.0M-102.0K0.3183.49N/AN/A1183716,58310,884
2024-08-14$40.48$43.0031.6%9.1%35.2%34.6%30.7%5.8%-1.9%-745.5K15.7M-96.5K0.9278.73N/AN/A19017516,66810,812
2024-08-15$42.10$43.0029.1%8.3%36.4%26.7%29.1%4.0%-6.7%-1.2M5.2M-102.3K0.5378.40N/AN/A64734016,70310,860
2024-08-16$42.28$43.0028.0%8.0%36.5%23.0%28.9%-0.8%-1.3%-1.3M4.4M-102.7K0.3667.81N/AN/A44616117,09310,886
2024-08-19$43.06$43.0027.7%7.9%37.0%22.3%28.7%-2.9%0.7%387.6K-4.8M-104.5K0.3371.93N/AN/A49516313,5487,672
2024-08-20$42.66$43.0022.3%6.4%37.0%5.2%29.1%-0.8%15.0%299.9K-3.0M-101.3K0.4475.92N/AN/A2139413,7987,731
2024-08-21$43.50$42.0028.3%8.1%37.4%24.2%27.6%-1.6%4.0%459.2K-6.8M-109.8K1.0175.44N/AN/A52252813,8407,995
2024-08-22$42.59$43.0028.9%8.3%38.2%26.1%28.6%-0.6%0.6%245.7K-2.3M-104.9K0.3074.40N/AN/A2236614,1828,406
2024-08-23$43.88$43.0027.9%8.0%39.5%22.9%27.9%0.4%-0.0%585.0K-9.2M-110.6K0.4471.04N/AN/A33714714,3098,423
2024-08-26$44.13$43.0029.1%8.3%39.4%26.6%30.9%1.4%1.3%645.0K-9.6M-113.6K0.1679.24N/AN/A85913514,4898,458
2024-08-27$44.30$43.0030.2%8.7%39.2%30.1%29.7%9.0%0.2%692.4K-11.5M-112.1K0.6067.86N/AN/A18110914,8758,524
2024-08-28$42.84$43.0029.9%8.6%37.8%29.2%29.2%-7.3%9.2%373.8K-3.4M-102.1K0.4170.59N/AN/A1456014,9358,526
2024-08-29$42.83$43.0025.2%7.2%32.9%14.5%24.8%0.4%-2.3%406.7K-4.1M-102.0K0.3974.45N/AN/A54721114,9178,529
2024-08-30$43.08$43.0029.0%8.3%32.3%26.5%29.3%1.6%-0.0%506.1K-5.2M-100.4K0.0274.90N/AN/A5341115,2738,564