COPX Options History — December 2024

In December 2024, COPX traded between $38.05 and $43.55. ATM implied volatility averaged 30.7%, placing in the 31.7% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 1.1% (HV 20d: 29.6%). Max pain ranged from $40.00 to $44.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.27.

Notable Days

  • 2024-12-23: Highest Volume — 1,555 contracts
  • 2024-12-23: Largest IV spike — 70.4% change
  • 2024-12-12: Highest IV Rank — 61.3%
  • 2024-12-12: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.66$38.05$43.55$42.39$38.29
Max Pain$42.33$40.00$44.00$44.00$40.00
ATM IV30.7%20.6%40.2%34.1%28.0%
Expected Move8.6%5.7%11.5%9.8%8.0%
HV 20d29.6%23.4%40.1%39.9%28.6%
HV 60d35.4%31.7%37.4%36.9%31.7%
IV Rank31.7%0.0%61.3%42.2%23.3%
IV Percentile45.9%0.0%94.0%64.7%28.6%
Term Structure3.1%-10.7%16.3%2.7%0.6%
VWIV31.9%24.7%42.9%35.9%33.6%
Skew 25d-1.4%-16.8%15.7%2.0%-0.6%
Skew 10d2.0%-8.8%18.0%-8.8%0.9%
Call IV 25d30.0%15.7%36.3%34.3%29.6%
Put IV 25d28.6%18.0%36.4%36.4%29.0%
Bid-Ask Spread %84.4360.73112.0576.5862.86
Gamma HHI0.190.080.440.080.24
Net GEX61.9K-555.6K467.4K304.0K83.0K
Net DEX2.9M-5.3M12.6M-1.9M3.2M
Net VEX-40.1K-55.4K-26.8K-55.4K-32.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.270.044.292.901.21
Total Volume559.191191,555445498
Total OI13,333.85710,88015,19413,30011,897

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-12-02$42.39$44.0034.1%9.8%39.9%42.2%35.9%2.0%2.7%304.0K-1.9M-55.4K2.9076.58N/AN/A1143319,2464,054
2024-12-03$42.81$44.0034.5%9.9%40.1%43.3%35.0%-1.1%-2.0%312.5K-3.1M-53.4K0.4968.72N/AN/A176879,2314,216
2024-12-04$42.50$44.0033.1%9.5%39.3%39.2%35.4%-1.3%-10.1%254.7K-1.4M-50.2K1.2260.85N/AN/A1782189,3274,274
2024-12-05$42.65$43.0032.2%9.5%37.2%36.4%42.9%0.6%9.0%356.2K-2.6M-52.4K0.1693.19N/AN/A558879,4174,157
2024-12-06$41.95$43.0030.8%5.7%29.7%32.0%36.3%-1.3%16.3%210.2K303.2K-46.4K0.5789.89N/AN/A4352489,0374,216
2024-12-09$43.55$43.0036.7%8.8%27.3%50.2%32.5%-2.7%1.2%441.8K-5.3M-52.3K0.4478.97N/AN/A7223178,8344,445
2024-12-10$43.20$43.0034.9%11.2%26.8%44.7%33.8%3.8%1.2%416.0K-4.0M-50.2K0.5486.30N/AN/A2931589,1344,494
2024-12-11$43.12$43.0033.7%9.7%23.4%40.9%31.1%-1.7%0.5%467.4K-3.7M-47.2K0.4088.42N/AN/A227909,3574,447
2024-12-12$41.86$43.0040.2%11.5%24.7%61.3%29.6%-13.0%1.2%169.1K1.1M-42.6K0.5882.97N/AN/A2711589,5244,430
2024-12-13$40.94$43.0030.8%8.8%25.8%31.9%27.1%-2.9%1.5%-129.0K5.1M-35.7K3.6586.36N/AN/A1083949,4194,509
2024-12-16$40.20$43.0021.3%6.1%26.5%2.3%25.8%-16.8%12.3%-389.3K7.9M-30.7K3.4789.93N/AN/A1434969,4064,863
2024-12-17$39.70$43.0030.2%8.7%25.0%30.0%35.3%5.0%16.0%-468.7K8.9M-34.1K4.29112.05N/AN/A2239569,3455,000
2024-12-18$38.05$43.0031.4%9.0%27.4%33.8%28.0%2.3%1.7%-330.6K12.3M-30.8K2.45102.18N/AN/A1212979,3445,382
2024-12-19$38.22$43.0022.9%6.6%27.6%7.3%32.7%4.8%-2.7%-232.5K12.6M-31.0K0.1197.38N/AN/A794859,3725,371
2024-12-20$39.00$42.0020.6%5.9%29.0%0.0%24.7%-6.1%11.2%-555.6K11.5M-26.8K1.3194.89N/AN/A30840210,0005,194
2024-12-23$39.39$42.0035.0%10.0%29.4%45.2%34.0%-1.3%-10.7%-13.0K4.8M-32.4K0.1782.50N/AN/A1,3292267,1473,733
2024-12-24$39.28$40.0028.6%8.2%29.2%25.0%29.4%-3.1%12.9%100.2K3.3M-34.4K1.7084.08N/AN/A44758,3103,633
2024-12-26$39.46$40.0029.3%8.4%28.5%27.3%30.2%-11.4%2.3%129.2K2.6M-35.9K0.4880.37N/AN/A135658,3263,706
2024-12-27$39.11$40.0028.4%8.1%28.3%24.4%29.4%15.7%-1.3%100.5K3.6M-34.3K0.0493.89N/AN/A15168,4153,696
2024-12-30$38.28$40.0028.5%8.2%28.5%24.9%26.3%-0.1%1.3%73.8K4.9M-32.2K0.4260.73N/AN/A154658,4113,692
2024-12-31$38.29$40.0028.0%8.0%28.6%23.3%33.6%-0.6%0.6%83.0K3.2M-32.9K1.2162.86N/AN/A2252738,5163,381