COPX Options History — November 2024

In November 2024, COPX traded between $40.91 and $46.43. ATM implied volatility averaged 35.1%, placing in the 45.5% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded below realized volatility by 1.2% (HV 20d: 36.4%). Max pain ranged from $44.00 to $46.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.69.

Notable Days

  • 2024-11-06: Highest Volume — 1,545 contracts
  • 2024-11-07: Largest IV spike — 77.1% change
  • 2024-11-05: Highest IV Rank — 74.0%
  • 2024-11-25: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.94$40.91$46.43$44.33$42.53
Max Pain$44.75$44.00$46.00$46.00$44.00
ATM IV35.1%21.8%44.3%30.5%33.1%
Expected Move9.7%7.1%11.8%8.8%9.5%
HV 20d36.4%22.2%40.4%26.3%40.3%
HV 60d39.2%36.4%41.0%36.4%37.5%
IV Rank45.5%3.7%74.0%31.1%39.1%
IV Percentile70.1%1.6%98.4%52.8%58.7%
Term Structure-1.4%-12.9%13.7%-0.3%-7.5%
VWIV35.4%32.2%41.5%41.5%34.2%
Skew 25d-1.2%-6.0%7.0%0.7%-2.4%
Skew 10d1.6%-19.0%11.2%8.1%-11.0%
Call IV 25d33.6%22.4%40.7%40.7%34.7%
Put IV 25d32.4%19.9%41.4%41.4%32.3%
Bid-Ask Spread %71.0654.4789.3980.4483.50
Gamma HHI0.100.070.190.080.08
Net GEX201.6K-145.6K595.3K216.7K247.9K
Net DEX-1.8M-12.0M4.9M-3.4M-1.9M
Net VEX-55.3K-66.4K-49.2K-55.5K-54.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.014.320.260.13
Total Volume536.1611,545140404
Total OI12,076.610,54713,35210,54712,910

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-11-01$44.33$46.0030.5%8.8%26.3%31.1%41.5%0.7%-0.3%216.7K-3.4M-55.5K0.2680.44N/AN/A111297,3043,243
2024-11-04$44.55$45.0043.6%10.3%26.4%71.8%37.8%-6.0%2.0%279.7K-4.4M-54.0K0.3477.50N/AN/A256877,5293,223
2024-11-05$45.41$45.0044.3%10.2%22.2%74.0%37.8%7.0%1.7%402.7K-6.8M-56.5K0.2089.39N/AN/A5461077,7183,184
2024-11-06$43.73$45.0021.8%10.2%25.8%3.7%34.5%4.5%1.6%255.4K-2.9M-53.0K0.8576.05N/AN/A8377088,1063,141
2024-11-07$46.43$45.0038.5%10.0%33.7%56.0%37.7%-2.5%-9.0%595.3K-12.0M-66.4K0.1579.38N/AN/A8551298,6433,708
2024-11-08$43.99$45.0036.0%9.1%38.3%48.1%32.2%1.6%8.5%276.1K-2.4M-55.6K1.2470.57N/AN/A3774688,9023,714
2024-11-11$43.27$45.0039.6%7.5%38.4%59.5%35.5%-0.9%-2.6%168.4K-1.7M-58.6K0.8170.32N/AN/A2542058,9353,850
2024-11-12$41.77$45.0039.8%10.0%39.6%59.9%36.5%-5.2%-1.2%-46.8K2.7M-49.2K1.8868.07N/AN/A4458378,8863,919
2024-11-13$40.91$45.0033.2%9.5%39.3%39.5%32.8%-3.7%-0.4%-68.1K4.9M-49.2K1.2269.11N/AN/A1992439,0094,182
2024-11-14$41.35$45.0030.5%8.8%39.4%31.1%33.7%0.9%-0.8%-145.6K3.6M-51.3K0.7473.92N/AN/A2021509,1104,081
2024-11-15$41.09$45.0024.9%7.1%38.5%13.5%32.8%-5.2%13.7%-69.8K3.6M-51.7K0.2373.80N/AN/A253579,2514,101
2024-11-18$42.08$45.0032.1%9.2%39.7%35.8%34.6%-2.2%-6.6%164.1K-714.5K-56.5K0.0557.19N/AN/A596297,4123,432
2024-11-19$42.86$45.0034.6%9.9%40.0%43.8%36.3%-0.6%-6.2%206.4K-2.5M-57.5K0.0157.11N/AN/A62587,6723,450
2024-11-20$42.58$45.0034.9%10.0%39.6%44.8%36.4%-3.5%-6.0%162.2K-1.1M-51.5K0.0855.08N/AN/A328278,1813,452
2024-11-21$42.71$44.0035.5%10.2%39.6%46.6%35.1%2.6%2.5%291.6K-3.1M-59.5K0.1854.47N/AN/A211388,4233,465
2024-11-22$42.52$44.0040.6%11.6%39.5%62.6%35.1%-4.5%-2.6%306.2K-2.8M-57.1K0.2272.42N/AN/A50118,6553,451
2024-11-25$42.77$44.0041.0%11.8%39.6%63.8%35.6%-2.5%-12.9%338.5K-3.7M-60.2K0.6668.73N/AN/A1571048,6793,458
2024-11-26$41.80$44.0033.8%9.7%40.3%41.3%34.3%-0.4%-0.5%236.4K-163.1K-52.3K4.3277.32N/AN/A1175058,7793,554
2024-11-27$42.14$44.0034.4%9.9%40.4%43.3%33.6%-1.9%-1.8%214.7K-1.2M-56.0K0.1666.84N/AN/A135228,8144,006
2024-11-29$42.53$44.0033.1%9.5%40.3%39.1%34.2%-2.4%-7.5%247.9K-1.9M-54.2K0.1383.50N/AN/A358468,8854,025