COPX Options History — April 2025

In April 2025, COPX traded between $30.87 and $39.52. ATM implied volatility averaged 45.2%, placing in the 66.7% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded below realized volatility by 24.6% (HV 20d: 69.7%). Max pain ranged from $37.00 to $42.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.57.

Notable Days

  • 2025-04-04: Highest Volume — 2,969 contracts
  • 2025-04-04: Largest IV spike — 51.6% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-07: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.48$30.87$39.52$39.33$37.83
Max Pain$38.71$37.00$42.00$42.00$38.00
ATM IV45.2%35.9%58.6%38.4%45.3%
Expected Move12.5%9.9%14.2%10.2%13.0%
HV 20d69.7%33.5%80.9%41.1%80.4%
HV 60d49.3%32.8%54.7%32.9%54.7%
IV Rank66.7%47.8%100.0%55.6%65.1%
IV Percentile93.2%71.4%100.0%86.5%95.2%
Term Structure-2.5%-13.4%0.9%-4.1%-2.6%
VWIV43.4%34.8%49.1%35.7%45.2%
Skew 25d1.5%-17.6%16.3%0.5%1.6%
Skew 10d6.2%-17.3%26.4%-9.5%10.0%
Call IV 25d41.2%31.8%48.3%37.8%45.0%
Put IV 25d42.7%26.8%50.2%38.3%46.6%
Bid-Ask Spread %65.2433.5483.0133.5464.47
Gamma HHI0.130.100.170.150.11
Net GEX330.2K-19.1K882.1K882.1K544.8K
Net DEX-4.5M-15.6M9.1M-10.2M-9.4M
Net VEX-106.6K-129.6K-68.6K-123.9K-115.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.061.741.410.08
Total Volume865.3811952,9697211,042
Total OI25,857.57121,75429,18124,80923,982

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$39.33$42.0038.4%10.2%41.1%55.6%35.7%0.5%-4.1%882.1K-10.2M-123.9K1.4133.54N/AN/A29942220,5814,228
2025-04-02$39.19$42.0035.9%10.0%33.5%47.8%35.1%-0.6%-1.0%789.1K-8.7M-123.0K1.7433.95N/AN/A23440820,6884,578
2025-04-03$36.34$42.0036.4%9.9%42.5%49.6%34.8%-0.8%0.2%136.0K1.7M-96.2K1.6349.89N/AN/A45874620,7714,948
2025-04-04$32.85$41.0055.3%13.1%54.4%100.0%44.8%2.7%-6.6%-9.3K7.7M-76.8K0.6175.79N/AN/A1,8401,12920,7295,259
2025-04-07$32.20$39.0055.3%14.2%53.2%100.0%49.1%-15.1%-6.1%-19.0K7.4M-79.4K0.5977.51N/AN/A1,12666921,4995,678
2025-04-08$30.87$39.0058.6%13.7%52.8%100.0%47.0%-17.6%-0.9%-3.5K9.1M-68.6K0.4873.01N/AN/A62930122,0425,713
2025-04-09$35.16$39.0047.0%13.5%73.0%69.6%45.7%16.3%-2.2%82.0K-263.7K-103.6K0.6081.60N/AN/A85450922,0665,631
2025-04-10$33.07$37.0048.9%14.0%75.2%74.5%48.7%14.5%-13.4%-19.1K4.5M-91.4K0.4183.01N/AN/A30912822,2366,017
2025-04-11$35.55$37.0046.9%13.4%79.6%69.2%46.8%3.6%-2.3%73.9K-1.6M-105.1K0.2057.54N/AN/A4829422,3525,932
2025-04-14$36.56$37.0044.2%12.7%79.9%62.2%44.2%2.3%-0.9%134.9K-4.7M-109.0K0.2074.02N/AN/A65113222,8225,928
2025-04-15$36.13$38.0048.9%14.0%79.7%74.4%46.9%2.4%-1.6%78.2K-3.8M-106.6K0.1269.32N/AN/A7258923,0366,017
2025-04-16$36.02$38.0044.0%12.6%79.3%61.5%44.2%3.3%-0.8%49.2K-3.1M-103.0K0.5863.22N/AN/A22012823,0356,032
2025-04-17$36.48$38.0043.2%12.4%79.7%59.5%42.0%4.3%0.9%12.8K-4.1M-104.1K0.4165.57N/AN/A36214823,1146,067
2025-04-21$36.30$38.0045.9%13.1%79.4%66.5%44.1%2.0%-4.2%260.5K-4.1M-101.9K0.0874.18N/AN/A6805317,3214,433
2025-04-22$37.39$38.0043.8%12.5%80.0%61.0%43.4%2.5%-1.1%421.9K-7.4M-109.3K0.0669.49N/AN/A1,0826017,8124,465
2025-04-23$38.12$38.0041.8%12.0%80.0%56.0%41.9%2.4%-0.1%568.7K-10.4M-121.2K0.1161.77N/AN/A6366718,7314,484
2025-04-24$39.52$38.0040.5%11.6%80.9%52.5%42.2%1.6%0.1%796.9K-15.6M-129.6K0.4067.27N/AN/A40616219,0094,502
2025-04-25$39.17$38.0041.3%11.8%80.8%54.6%42.6%1.6%-1.3%740.0K-14.2M-126.3K1.0663.00N/AN/A19220319,0944,549
2025-04-28$39.05$38.0042.6%12.2%79.9%58.0%42.7%2.5%-1.8%692.1K-13.1M-121.3K0.2968.48N/AN/A2356819,0884,625
2025-04-29$39.05$38.0044.5%12.8%79.6%63.1%45.1%1.0%-2.8%722.5K-13.5M-121.7K0.9363.31N/AN/A1019419,2744,641
2025-04-30$37.83$38.0045.3%13.0%80.4%65.1%45.2%1.6%-2.6%544.8K-9.4M-115.7K0.0864.47N/AN/A9628019,2994,683