COPX Options History — September 2024

In September 2024, COPX traded between $38.61 and $48.53. ATM implied volatility averaged 30.7%, placing in the 31.6% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded below realized volatility by 10.2% (HV 20d: 40.9%). Max pain ranged from $43.00 to $45.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.46.

Notable Days

  • 2024-09-25: Highest Volume — 4,334 contracts
  • 2024-09-23: Largest IV spike — 48.8% change
  • 2024-09-30: Highest IV Rank — 47.7%
  • 2024-09-30: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.60$38.61$48.53$40.09$47.17
Max Pain$44.00$43.00$45.00$43.00$45.00
ATM IV30.7%23.1%35.9%31.0%35.9%
Expected Move8.8%6.6%10.3%8.9%10.3%
HV 20d40.9%37.5%48.3%39.3%48.3%
HV 60d35.4%33.8%39.1%34.9%38.6%
IV Rank31.6%7.9%47.7%32.5%47.7%
IV Percentile59.5%7.9%86.5%63.9%86.5%
Term Structure2.4%-2.6%17.8%-1.9%-0.8%
VWIV31.8%27.5%38.8%29.9%38.8%
Skew 25d1.7%-4.8%13.6%6.9%-2.8%
Skew 10d1.4%-15.5%18.3%-12.3%18.3%
Call IV 25d29.4%16.8%39.8%17.5%39.8%
Put IV 25d31.1%24.4%37.0%24.4%37.0%
Bid-Ask Spread %86.2076.38107.2289.7885.80
Gamma HHI0.120.080.210.140.11
Net GEX104.0K-911.1K1.1M-350.3K620.4K
Net DEX-2.3M-26.3M16.6M8.8M-19.0M
Net VEX-78.5K-97.7K-66.7K-79.4K-93.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.460.1315.672.091.04
Total Volume1,032.11354,3342,629406
Total OI23,97218,36625,64524,32723,088

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-09-03$40.09$43.0031.0%8.9%39.3%32.5%29.9%6.9%-1.9%-350.3K8.8M-79.4K2.0989.78N/AN/A8501,77915,7878,540
2024-09-04$40.12$43.0031.5%9.0%39.2%34.1%30.1%8.2%-0.7%-469.1K9.4M-83.5K0.5582.65N/AN/A23112616,3019,287
2024-09-05$39.88$44.0030.4%6.9%38.1%30.8%27.5%13.6%15.7%-530.1K10.2M-78.7K0.3987.93N/AN/A973816,3029,264
2024-09-06$38.61$44.0032.2%8.8%38.8%36.3%30.6%1.5%-0.6%-769.1K16.6M-68.2K0.3989.26N/AN/A25610116,2909,266
2024-09-09$39.14$44.0031.5%8.6%39.1%34.0%30.3%4.9%1.3%-822.9K14.0M-68.0K2.7990.88N/AN/A12334316,3379,234
2024-09-10$38.84$44.0023.5%8.6%38.8%9.2%32.5%6.0%1.3%-911.1K15.2M-66.7K0.6089.10N/AN/A1317916,3459,225
2024-09-11$39.67$44.0031.5%9.0%39.6%34.1%31.7%-2.3%-0.9%-603.1K10.0M-71.9K0.3291.04N/AN/A1384416,4209,119
2024-09-12$40.95$44.0023.2%6.7%41.3%8.2%29.0%-0.2%17.8%-369.7K4.5M-76.1K0.2785.68N/AN/A2195916,4249,122
2024-09-13$41.41$44.0029.1%8.3%38.9%26.7%29.2%0.5%3.0%-124.4K1.6M-78.4K0.2485.26N/AN/A49612116,5139,123
2024-09-16$41.81$44.0031.1%8.9%39.1%32.9%31.9%-1.5%0.7%-7.2K-23.8K-74.4K0.1984.81N/AN/A59211416,5799,066
2024-09-17$41.89$44.0030.0%8.6%38.5%29.3%30.9%0.3%1.8%-2.1K-311.5K-71.8K0.3484.59N/AN/A1043516,2089,066
2024-09-18$42.28$44.0032.0%9.2%38.5%35.7%32.4%-4.1%4.0%373.2K-3.6M-75.2K0.33107.22N/AN/A37212416,2359,070
2024-09-19$43.63$44.0031.4%9.0%39.6%33.8%31.7%0.6%2.3%1.1M-9.9M-78.4K1.9577.28N/AN/A5761,12116,1649,077
2024-09-20$43.36$44.0023.1%6.6%38.8%7.9%29.5%-0.2%4.7%801.9K-7.8M-72.2K0.1387.32N/AN/A3144016,2278,987
2024-09-23$43.75$43.0034.4%9.9%37.5%43.1%31.9%-3.0%0.4%593.6K-8.4M-76.2K0.6282.21N/AN/A42026013,8914,622
2024-09-24$46.88$44.0033.5%9.6%44.8%40.3%30.2%4.0%3.3%1.1M-21.4M-83.6K0.1676.38N/AN/A2,91347814,0214,668
2024-09-25$45.95$44.0033.4%9.6%45.5%40.0%34.1%-4.8%-1.4%891.5K-16.9M-83.6K15.6780.79N/AN/A2604,07413,5714,795
2024-09-26$48.53$45.0029.9%8.6%47.2%29.0%36.0%-1.5%-2.6%832.5K-26.3M-92.0K0.4084.29N/AN/A2,01680613,6668,632
2024-09-27$48.09$45.0035.6%10.2%47.5%46.8%36.9%8.0%-0.2%755.8K-23.2M-97.7K0.6881.65N/AN/A23015613,9708,938
2024-09-30$47.17$45.0035.9%10.3%48.3%47.7%38.8%-2.8%-0.8%620.4K-19.0M-93.1K1.0485.80N/AN/A19920714,0739,015