COPX Options History — February 2025

In February 2025, COPX traded between $37.97 and $41.97. ATM implied volatility averaged 32.7%, placing in the 37.9% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 2.6% (HV 20d: 30.1%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.56.

Notable Days

  • 2025-02-11: Highest Volume — 2,198 contracts
  • 2025-02-10: Largest IV spike — 36.0% change
  • 2025-02-27: Highest IV Rank — 46.1%
  • 2025-02-10: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.07$37.97$41.97$37.97$37.97
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV32.7%24.6%35.3%32.3%33.3%
Expected Move9.5%9.0%10.3%9.3%9.6%
HV 20d30.1%23.0%35.9%23.0%33.8%
HV 60d27.9%26.2%31.6%30.9%28.4%
IV Rank37.9%12.6%46.1%36.7%39.9%
IV Percentile52.2%9.5%73.0%50.0%53.2%
Term Structure-0.5%-5.6%0.9%0.9%-0.6%
VWIV33.4%32.1%35.1%32.4%33.4%
Skew 25d-2.0%-11.3%-0.3%-0.3%-0.9%
Skew 10d0.3%-16.7%16.7%-3.6%-7.3%
Call IV 25d34.0%32.6%35.5%32.8%33.3%
Put IV 25d32.0%22.6%33.9%32.5%32.4%
Bid-Ask Spread %58.2844.7277.0277.0254.04
Gamma HHI0.110.100.140.140.10
Net GEX372.1K-203.7K911.8K-203.7K95.9K
Net DEX-6.6M-14.2M2.7M2.7M-2.0M
Net VEX-75.5K-95.4K-52.6K-52.6K-90.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.081.241.240.53
Total Volume806.6322062,198206319
Total OI14,595.36811,89417,35511,89415,703

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$37.97$40.0032.3%9.3%23.0%36.7%32.4%-0.3%0.9%-203.7K2.7M-52.6K1.2477.02N/AN/A921146,2915,603
2025-02-04$39.34$40.0032.2%9.2%25.9%36.3%32.9%-2.5%0.4%-3.9K-1.2M-55.8K0.3267.36N/AN/A3151006,3255,663
2025-02-05$39.52$40.0031.5%9.0%25.2%34.0%33.2%-3.9%-0.1%40.2K-2.1M-57.5K0.2274.71N/AN/A356796,5695,673
2025-02-06$40.41$40.0031.3%9.2%25.6%33.6%32.5%-0.3%-0.2%258.0K-5.5M-60.0K0.5855.00N/AN/A4832786,8625,719
2025-02-07$41.11$40.0024.6%9.1%26.1%12.6%32.1%-0.7%0.3%444.3K-8.5M-60.4K1.2244.72N/AN/A4205137,0905,829
2025-02-10$41.83$40.0033.5%10.3%26.3%40.3%34.5%-1.7%-5.6%568.3K-10.3M-61.7K0.2065.65N/AN/A8641777,1956,002
2025-02-11$40.50$40.0032.7%9.5%29.1%37.8%33.7%-0.6%0.4%400.9K-6.7M-64.6K0.5460.24N/AN/A1,4287707,8285,961
2025-02-12$40.84$40.0033.2%9.5%29.2%39.3%32.8%-1.4%-0.8%534.7K-9.2M-77.3K0.6954.08N/AN/A4613188,7406,353
2025-02-13$41.97$40.0033.6%9.6%30.3%40.6%35.1%-1.1%0.0%824.7K-14.2M-82.3K0.5661.72N/AN/A4912769,0726,589
2025-02-14$41.69$40.0034.0%9.8%30.4%42.1%33.0%-1.6%-0.5%797.9K-13.6M-84.6K0.0849.00N/AN/A917709,3506,685
2025-02-18$41.33$40.0034.3%9.8%30.7%42.7%35.0%-1.6%-0.7%840.8K-12.7M-80.8K1.1646.10N/AN/A2583009,5176,721
2025-02-19$40.20$40.0033.3%9.5%32.2%39.7%33.6%-1.8%-0.7%511.3K-7.7M-79.3K0.7958.99N/AN/A3732959,6356,986
2025-02-20$41.09$40.0033.8%9.7%31.6%41.2%34.1%-1.7%-0.9%911.8K-11.8M-83.3K0.2655.45N/AN/A6631729,8347,171
2025-02-21$39.25$40.0032.8%9.4%35.9%38.2%33.0%-1.7%-0.6%38.8K-3.3M-78.5K0.6159.35N/AN/A86853010,1107,245
2025-02-24$39.28$40.0032.8%9.4%35.6%38.0%32.8%-11.3%-0.6%313.6K-5.1M-84.5K1.1765.85N/AN/A6017068,7244,913
2025-02-25$39.11$40.0033.4%9.6%35.0%39.9%33.4%-1.8%-0.5%233.5K-4.6M-90.2K0.1952.47N/AN/A5451049,1545,548
2025-02-26$39.34$40.0033.9%9.7%33.1%41.5%33.2%-1.7%0.4%269.4K-5.8M-94.9K0.1949.27N/AN/A6241179,4535,631
2025-02-27$38.58$40.0035.3%10.1%33.6%46.1%33.5%-1.7%-0.6%193.4K-4.2M-95.4K0.0956.35N/AN/A303269,8365,732
2025-02-28$37.97$40.0033.3%9.6%33.8%39.9%33.4%-0.9%-0.6%95.9K-2.0M-90.1K0.5354.04N/AN/A2081119,9525,751