COPX Options History — October 2024

In October 2024, COPX traded between $43.78 and $48.55. ATM implied volatility averaged 36.9%, placing in the 51.1% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded below realized volatility by 2.5% (HV 20d: 39.4%). Max pain ranged from $45.00 to $47.00. Net GEX was positive for 18 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.72.

Notable Days

2024-10-08: Highest Volume — 2,082 contracts
2024-10-10: Largest IV spike — 58.7% change
2024-10-07: Highest IV Rank — 80.0%
2024-10-10: Largest Expected Move — 11.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.89	$43.78	$48.55	$48.02	$43.78
Max Pain	$46.30	$45.00	$47.00	$45.00	$46.00
ATM IV	36.9%	26.2%	46.2%	34.7%	36.4%
Expected Move	10.4%	7.5%	11.9%	10.0%	10.4%
HV 20d	39.4%	27.4%	45.4%	39.1%	27.4%
HV 60d	39.3%	36.7%	40.7%	38.5%	36.7%
IV Rank	51.1%	17.5%	80.0%	44.1%	49.5%
IV Percentile	84.3%	33.7%	99.2%	82.5%	82.5%
Term Structure	-0.8%	-8.8%	16.7%	0.4%	-7.0%
VWIV	37.4%	32.3%	43.3%	37.5%	41.3%
Skew 25d	0.9%	-15.7%	15.9%	-4.0%	0.7%
Skew 10d	4.3%	-12.5%	20.6%	13.7%	-12.5%
Call IV 25d	34.1%	19.9%	41.9%	40.5%	41.9%
Put IV 25d	35.0%	20.1%	42.6%	36.5%	42.6%
Bid-Ask Spread %	68.98	56.48	91.10	82.26	74.51
Gamma HHI	0.18	0.08	0.58	0.11	0.08
Net GEX	158.2K	-1.7M	900.9K	792.0K	174.1K
Net DEX	-10.3M	-25.8M	-2.0M	-23.8M	-2.3M
Net VEX	-69.8K	-94.4K	-54.9K	-94.4K	-54.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.72	0.10	6.11	0.25	0.67
Total Volume	430.348	113	2,082	311	300
Total OI	18,604.609	8,716	25,123	23,268	10,399

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-10-01	$48.02	$45.00	34.7%	10.0%	39.1%	44.1%	37.5%	-4.0%	0.4%	792.0K	-23.8M	-94.4K	0.25	82.26	N/A	N/A	249	62	14,159	9,109
2024-10-02	$48.55	$45.00	37.2%	10.7%	38.9%	52.0%	37.8%	8.4%	0.2%	900.9K	-25.8M	-89.1K	1.19	82.39	N/A	N/A	128	152	14,118	9,138
2024-10-03	$46.61	$47.00	39.1%	10.3%	42.6%	57.9%	36.5%	-4.1%	-2.5%	507.1K	-16.0M	-90.0K	0.33	63.85	N/A	N/A	402	131	14,095	9,218
2024-10-04	$47.70	$47.00	37.4%	10.1%	40.1%	52.4%	32.3%	-1.1%	-1.1%	754.6K	-21.2M	-87.3K	0.10	76.05	N/A	N/A	268	28	14,331	9,241
2024-10-07	$47.88	$47.00	46.2%	10.7%	40.2%	80.0%	37.9%	-15.7%	-2.0%	803.5K	-22.4M	-82.4K	0.12	67.57	N/A	N/A	121	14	14,160	9,246
2024-10-08	$45.70	$47.00	40.6%	11.1%	44.6%	62.4%	38.2%	-0.1%	-3.1%	195.2K	-9.5M	-79.9K	6.11	66.41	N/A	N/A	293	1,789	14,255	9,252
2024-10-09	$45.63	$47.00	26.2%	7.5%	44.4%	17.5%	33.2%	15.9%	16.7%	-181.0K	-7.4M	-84.0K	0.43	91.10	N/A	N/A	207	90	14,226	10,702
2024-10-10	$46.20	$47.00	41.6%	11.9%	43.5%	65.6%	43.3%	13.1%	-0.2%	31.5K	-11.3M	-80.8K	0.76	67.24	N/A	N/A	229	173	14,174	10,690
2024-10-11	$46.84	$47.00	36.3%	10.4%	43.6%	49.1%	37.2%	-14.4%	-8.8%	289.3K	-15.5M	-79.4K	0.10	68.49	N/A	N/A	473	46	14,232	10,655
2024-10-14	$46.16	$47.00	36.7%	10.5%	44.2%	50.3%	36.6%	2.2%	-2.0%	-40.2K	-11.5M	-72.3K	0.29	69.20	N/A	N/A	146	42	14,297	10,670
2024-10-15	$45.16	$47.00	34.9%	10.0%	45.2%	44.6%	35.9%	0.0%	1.5%	-624.4K	-4.3M	-66.5K	0.52	59.72	N/A	N/A	245	127	14,223	10,699
2024-10-16	$45.84	$46.00	35.4%	10.2%	45.3%	46.4%	37.0%	3.6%	-1.7%	-454.2K	-10.2M	-64.7K	0.39	63.03	N/A	N/A	167	65	14,232	10,742
2024-10-17	$45.00	$46.00	36.3%	10.4%	44.8%	49.1%	37.3%	14.2%	-3.0%	-1.7M	-2.0M	-60.5K	0.48	66.67	N/A	N/A	126	61	14,280	10,793
2024-10-18	$45.84	$46.00	36.3%	10.4%	45.1%	49.2%	36.4%	-0.1%	-1.9%	443.5K	-13.8M	-58.0K	0.63	58.56	N/A	N/A	569	358	14,301	10,822
2024-10-21	$45.19	$46.00	38.8%	11.1%	45.4%	56.7%	36.7%	0.6%	-6.6%	162.9K	-4.6M	-55.1K	0.31	56.48	N/A	N/A	274	85	5,967	2,749
2024-10-22	$45.80	$46.00	36.4%	10.4%	38.1%	49.4%	36.0%	-0.9%	2.3%	191.5K	-5.9M	-56.9K	0.31	63.16	N/A	N/A	335	104	6,157	2,806
2024-10-23	$44.89	$46.00	37.7%	10.8%	38.1%	53.5%	39.6%	-0.1%	-0.1%	171.8K	-4.3M	-56.8K	0.24	63.77	N/A	N/A	554	133	6,373	2,891
2024-10-24	$44.88	$46.00	36.1%	10.3%	32.0%	48.4%	37.1%	-2.6%	-1.1%	247.4K	-4.9M	-58.3K	1.22	66.60	N/A	N/A	187	229	6,815	2,894
2024-10-25	$45.06	$46.00	36.9%	10.6%	32.0%	50.8%	37.1%	6.2%	-4.5%	243.6K	-5.1M	-60.2K	0.48	71.49	N/A	N/A	259	125	6,944	3,081
2024-10-28	$45.16	$46.00	29.4%	8.4%	31.5%	27.7%	35.4%	-1.2%	14.1%	275.1K	-5.9M	-59.2K	0.79	68.17	N/A	N/A	110	87	7,041	3,103
2024-10-29	$44.97	$46.00	40.0%	11.5%	30.6%	60.6%	41.0%	0.4%	-5.6%	265.8K	-6.0M	-59.1K	0.33	71.57	N/A	N/A	85	28	7,109	3,175
2024-10-30	$44.53	$46.00	39.1%	11.2%	30.2%	57.8%	39.3%	-1.5%	-2.5%	223.8K	-3.8M	-56.0K	0.56	68.38	N/A	N/A	155	87	7,151	3,191
2024-10-31	$43.78	$46.00	36.4%	10.4%	27.4%	49.5%	41.3%	0.7%	-7.0%	174.1K	-2.3M	-54.9K	0.67	74.51	N/A	N/A	180	120	7,166	3,233