COPX Options History — June 2025

In June 2025, COPX traded between $41.88 and $45.44. ATM implied volatility averaged 28.7%, placing in the 26.1% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 7.5% (HV 20d: 21.2%). Max pain ranged from $40.00 to $42.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.22.

Notable Days

  • 2025-06-26: Highest Volume — 1,963 contracts
  • 2025-06-17: Largest IV spike — 90.0% change
  • 2025-06-18: Highest IV Rank — 35.1%
  • 2025-06-05: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.25$41.88$45.44$41.88$45.01
Max Pain$40.20$40.00$42.00$40.00$42.00
ATM IV28.7%15.6%31.9%31.9%30.1%
Expected Move8.5%4.5%9.9%9.1%8.6%
HV 20d21.2%17.6%27.9%23.0%27.5%
HV 60d50.1%48.8%51.4%51.3%50.1%
IV Rank26.1%0.0%35.1%29.7%33.8%
IV Percentile16.4%0.0%32.5%32.5%23.0%
Term Structure2.2%-10.4%14.8%4.4%0.9%
VWIV29.2%21.8%32.0%32.0%30.5%
Skew 25d3.2%-2.0%15.4%1.4%0.4%
Skew 10d1.8%-17.0%20.6%3.0%20.6%
Call IV 25d26.9%17.1%32.8%31.3%30.2%
Put IV 25d30.1%27.3%33.8%32.7%30.6%
Bid-Ask Spread %87.4465.96103.4165.9680.61
Gamma HHI0.140.100.350.100.14
Net GEX1.1M641.2K1.5M773.6K1.1M
Net DEX-21.8M-26.2M-14.6M-17.2M-24.1M
Net VEX-107.6K-113.4K-99.0K-107.8K-105.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.220.030.630.220.63
Total Volume494.7791,963593353
Total OI16,262.514,22817,40615,53615,356

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-06-02$41.88$40.0031.9%9.1%23.0%29.7%32.0%1.4%4.4%773.6K-17.2M-107.8K0.2265.96N/AN/A48510812,0173,519
2025-06-03$42.09$40.0031.0%8.9%22.9%27.4%31.0%2.2%2.1%820.5K-17.6M-107.7K0.1368.36N/AN/A2322912,1703,563
2025-06-04$42.62$40.0029.4%8.4%22.4%23.3%29.7%1.3%1.4%929.0K-20.5M-110.7K0.1366.45N/AN/A4065112,3653,577
2025-06-05$43.37$40.0029.7%9.9%20.4%24.0%29.6%1.0%1.1%1.0M-23.5M-112.5K0.2789.64N/AN/A67618312,6603,610
2025-06-06$43.20$40.0027.3%9.0%20.6%17.6%31.8%-0.5%2.1%1.1M-23.4M-112.1K0.0981.90N/AN/A6495912,8833,640
2025-06-09$43.62$40.0028.4%8.9%20.6%20.7%29.2%7.6%2.8%1.2M-25.9M-113.0K0.1887.98N/AN/A4277813,3213,674
2025-06-10$43.51$40.0026.9%9.0%19.2%16.7%31.6%8.8%-0.4%1.3M-26.2M-111.9K0.2488.86N/AN/A2586313,5493,680
2025-06-11$43.14$40.0029.7%8.5%18.8%24.0%29.4%4.4%3.3%1.3M-24.8M-113.4K0.1186.25N/AN/A2973213,6783,724
2025-06-12$43.31$40.0029.8%8.5%17.6%24.2%23.1%15.4%5.0%1.3M-24.9M-113.3K0.2597.80N/AN/A631613,6483,734
2025-06-13$42.80$40.0030.1%8.6%18.0%25.1%29.9%6.2%4.1%1.2M-22.3M-111.2K0.1094.17N/AN/A5295513,6753,731
2025-06-16$43.62$40.0015.6%4.5%18.0%0.0%30.1%7.9%14.8%1.5M-25.8M-109.2K0.03103.41N/AN/A3961313,4533,771
2025-06-17$42.98$40.0029.6%8.5%19.3%32.7%28.9%-2.0%3.8%1.4M-22.7M-106.4K0.2596.92N/AN/A992513,5893,772
2025-06-18$43.03$40.0030.7%8.8%19.3%35.1%21.8%9.9%1.7%1.5M-23.3M-105.3K0.06100.89N/AN/A2911813,5843,756
2025-06-20$42.05$40.0029.5%8.4%21.3%32.3%29.3%1.0%5.0%1.4M-17.7M-99.0K0.5994.75N/AN/A26415713,6123,759
2025-06-23$42.50$40.0029.9%8.6%21.4%33.2%29.5%-0.2%-0.8%641.2K-14.6M-99.2K0.1594.43N/AN/A4947411,2782,950
2025-06-24$43.02$40.0030.4%8.7%19.8%34.4%29.5%-1.2%0.3%786.9K-17.0M-102.8K0.1593.32N/AN/A3154611,7313,019
2025-06-25$42.95$40.0026.6%7.6%19.8%25.6%29.0%1.1%-10.4%777.6K-16.3M-100.8K0.4096.86N/AN/A1596411,8183,058
2025-06-26$45.44$40.0029.0%8.3%27.1%31.2%29.3%0.9%1.9%1.0M-25.5M-103.7K0.1482.81N/AN/A1,71824511,9293,110
2025-06-27$44.77$42.0029.0%8.3%27.9%31.3%29.0%-0.8%0.6%1.0M-23.5M-107.1K0.2277.50N/AN/A3828512,0863,201
2025-06-30$45.01$42.0030.1%8.6%27.5%33.8%30.5%0.4%0.9%1.1M-24.1M-105.7K0.6380.61N/AN/A21713612,1213,235