COPX Options History — July 2025

In July 2025, COPX traded between $42.55 and $46.53. ATM implied volatility averaged 31.0%, placing in the 35.7% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 3.6% (HV 20d: 27.4%). Max pain ranged from $42.00 to $45.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.37.

Notable Days

  • 2025-07-02: Highest Volume — 6,353 contracts
  • 2025-07-08: Largest IV spike — 15.3% change
  • 2025-07-08: Highest IV Rank — 46.5%
  • 2025-07-08: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.94$42.55$46.53$45.47$43.17
Max Pain$44.14$42.00$45.00$42.00$44.00
ATM IV31.0%29.3%35.6%29.3%29.6%
Expected Move8.9%8.4%9.4%8.4%8.5%
HV 20d27.4%22.2%29.6%26.7%24.2%
HV 60d28.8%24.0%47.4%47.4%25.4%
IV Rank35.7%31.9%46.5%31.9%32.7%
IV Percentile32.0%17.9%70.6%17.9%18.3%
Term Structure-0.7%-3.0%0.9%0.9%-0.8%
VWIV30.9%29.2%33.2%29.2%30.0%
Skew 25d-0.5%-13.5%13.3%0.7%0.8%
Skew 10d-3.3%-13.8%7.7%1.4%1.4%
Call IV 25d29.5%18.3%33.9%29.9%29.9%
Put IV 25d29.0%16.9%33.1%30.5%30.7%
Bid-Ask Spread %69.6356.9384.6181.2566.74
Gamma HHI0.140.100.310.150.10
Net GEX1.4M619.7K2.0M1.2M642.4K
Net DEX-25.8M-36.7M-13.1M-26.3M-14.6M
Net VEX-128.7K-142.0K-107.8K-107.8K-125.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.020.970.050.33
Total Volume1,081.0452406,3532,3411,108
Total OI19,09915,24922,48115,55118,143

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$45.47$42.0029.3%8.4%26.7%31.9%29.2%0.7%0.9%1.2M-26.3M-107.8K0.0581.25N/AN/A2,23510612,2463,305
2025-07-02$46.53$42.0031.7%9.1%27.6%37.4%31.1%-1.7%-0.7%1.2M-32.0M-110.7K0.0283.29N/AN/A6,2549913,0273,376
2025-07-03$46.28$45.0029.8%8.8%27.7%33.2%30.6%1.5%0.3%1.9M-36.7M-136.6K0.4378.82N/AN/A1687216,3283,402
2025-07-07$45.29$45.0030.9%8.9%28.6%35.5%30.8%-8.6%0.3%1.8M-30.6M-132.2K0.9771.06N/AN/A25324616,2953,464
2025-07-08$45.60$45.0035.6%9.4%28.6%46.5%33.2%-3.4%-1.9%1.8M-33.1M-133.0K0.1174.71N/AN/A1,86721416,4133,658
2025-07-09$44.84$45.0032.4%9.3%29.3%39.0%31.3%-12.2%-1.9%1.8M-29.6M-135.9K0.4257.04N/AN/A45218817,8353,776
2025-07-10$45.40$45.0030.6%8.8%29.5%34.8%30.0%13.3%-1.5%2.0M-32.7M-142.0K0.0667.93N/AN/A1,0326617,9463,908
2025-07-11$45.13$45.0030.4%8.7%29.4%34.4%30.7%-3.6%-0.2%2.0M-30.9M-139.2K0.4264.87N/AN/A50921218,0163,897
2025-07-14$44.79$45.0031.0%8.9%29.6%35.9%31.3%0.4%-1.7%2.0M-29.1M-130.4K0.1670.89N/AN/A2574218,1234,076
2025-07-15$44.29$44.0030.6%8.8%29.5%35.0%30.9%0.3%-1.2%1.8M-24.9M-128.0K0.8365.25N/AN/A29224218,0854,117
2025-07-16$44.22$44.0031.1%8.9%28.8%35.9%31.5%0.4%-1.1%1.7M-24.3M-124.1K0.1859.41N/AN/A4317818,1284,249
2025-07-17$44.07$44.0030.1%8.6%28.3%33.9%30.3%-13.5%-0.4%1.6M-22.6M-124.7K0.3071.63N/AN/A33910218,1224,269
2025-07-18$43.95$44.0030.0%8.6%28.3%33.6%30.2%-3.0%0.9%1.5M-22.1M-120.0K0.1978.12N/AN/A1,18722518,2324,249
2025-07-21$44.92$44.0031.6%9.1%27.7%37.2%31.4%-0.1%-1.2%812.2K-21.0M-125.2K0.1066.81N/AN/A1,13111512,0713,178
2025-07-22$46.09$44.0030.7%8.8%28.8%35.1%30.7%1.2%-0.1%1.0M-26.5M-135.5K0.5256.93N/AN/A33717412,8663,240
2025-07-23$46.48$44.0030.8%8.8%28.7%35.4%31.4%12.8%-0.6%1.1M-28.3M-137.0K0.5961.21N/AN/A36321513,0413,358
2025-07-24$45.76$44.0030.5%8.7%29.4%34.7%30.6%1.7%-0.1%1.1M-25.9M-136.2K0.1662.28N/AN/A5228513,2243,535
2025-07-25$45.17$44.0029.7%8.5%22.2%32.8%30.1%2.0%0.1%1.0M-23.2M-132.8K0.2868.44N/AN/A2055813,4413,582
2025-07-28$44.48$44.0031.0%8.9%22.3%35.9%31.7%2.0%-0.9%936.4K-20.3M-126.4K0.7663.30N/AN/A29922613,5263,637
2025-07-29$44.15$44.0031.8%9.1%22.3%37.8%30.9%-0.2%-3.0%876.4K-19.1M-128.0K0.4684.61N/AN/A1959013,5553,781
2025-07-30$42.55$44.0031.8%9.1%25.2%37.8%32.4%-1.6%-1.2%619.7K-13.1M-120.5K0.8677.19N/AN/A80169113,6233,835
2025-07-31$43.17$44.0029.6%8.5%24.2%32.7%30.0%0.8%-0.8%642.4K-14.6M-125.9K0.3366.74N/AN/A83427413,9414,202