COPX Options History — March 2026

In March 2026, COPX traded between $68.91 and $93.66. ATM implied volatility averaged 57.4%, placing in the 69.0% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded above realized volatility by 2.3% (HV 20d: 55.1%). Max pain ranged from $75.00 to $89.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.98.

Notable Days

  • 2026-03-03: Highest Volume — 27,523 contracts
  • 2026-03-04: Largest IV spike — 5.3% change
  • 2026-03-30: Highest IV Rank — 77.6%
  • 2026-03-30: Largest Expected Move — 17.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$78.27$68.91$93.66$93.66$76.02
Max Pain$78.67$75.00$89.00$88.00$75.00
ATM IV57.4%53.4%62.6%53.9%61.7%
Expected Move16.6%15.3%17.9%15.9%17.7%
HV 20d55.1%50.3%67.5%50.5%67.5%
HV 60d52.0%45.2%58.0%45.2%58.0%
IV Rank69.0%62.4%77.6%63.2%76.1%
IV Percentile95.7%92.9%98.4%93.7%97.6%
Term Structure-0.6%-7.6%5.3%-1.8%-1.4%
VWIV60.0%55.3%67.3%57.7%65.0%
Skew 25d-0.3%-5.8%6.3%-2.0%1.7%
Skew 10d0.6%-7.6%9.5%2.6%1.9%
Call IV 25d58.4%51.8%64.4%53.3%60.7%
Put IV 25d58.1%51.3%62.9%51.3%62.4%
Bid-Ask Spread %38.5120.0959.9133.8138.29
Gamma HHI0.080.070.110.090.10
Net GEX-320.3K-4.9M7.7M7.7M369.5K
Net DEX-102.5M-484.8M119.5M-484.8M-80.2M
Net VEX-2.5M-2.9M-2.2M-2.9M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.193.713.710.47
Total Volume11,719.9052,33527,52314,8195,900
Total OI214,085.476192,687233,103192,687204,124

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$93.66$88.0053.9%15.9%50.5%63.2%57.7%-2.0%-1.8%7.7M-484.8M-2.9M3.7133.81N/AN/A3,14511,674124,38968,298
2026-03-03$86.84$89.0053.4%17.5%58.0%62.4%60.8%5.5%5.3%3.7M-296.0M-2.8M0.8044.90N/AN/A15,30912,214125,25873,322
2026-03-04$87.97$89.0056.2%17.1%53.8%67.1%58.8%3.6%0.2%5.5M-343.0M-2.9M0.5738.90N/AN/A5,3673,058132,70673,203
2026-03-05$82.09$80.0058.6%16.5%57.6%71.0%57.9%-2.8%-0.5%1.9M-185.3M-2.8M0.6156.96N/AN/A7,4974,545134,36774,507
2026-03-06$79.53$80.0056.4%16.0%54.2%67.4%56.9%-2.6%-0.0%268.7K-122.1M-2.7M0.8359.10N/AN/A4,9194,072135,21476,078
2026-03-09$81.50$80.0056.8%16.5%53.0%68.0%57.7%6.3%1.7%143.4K-140.4M-2.7M0.8159.91N/AN/A10,1338,207134,19378,023
2026-03-10$83.12$80.0056.0%15.6%50.3%66.7%57.6%1.7%-0.2%1.6M-210.2M-2.8M0.5956.43N/AN/A4,7912,831134,31281,938
2026-03-11$82.06$75.0055.6%16.1%50.4%66.1%57.1%-0.3%-0.3%387.4K-168.7M-2.7M0.3359.45N/AN/A1,762573134,96981,131
2026-03-12$79.78$75.0055.3%15.9%50.3%65.6%57.8%-0.6%-0.5%-797.4K-120.1M-2.6M0.4220.58N/AN/A3,2931,382135,42481,207
2026-03-13$76.31$75.0055.6%15.3%51.1%66.1%59.5%-3.2%-1.0%-2.5M-39.1M-2.5M0.8520.84N/AN/A13,01511,120134,95081,523
2026-03-16$78.51$75.0058.0%16.8%52.5%70.0%59.7%-2.3%-4.9%-2.8M-78.1M-2.6M0.9024.82N/AN/A4,2973,884141,43988,531
2026-03-17$77.90$75.0056.4%16.1%51.8%67.4%59.0%-1.3%0.2%-3.1M-66.4M-2.6M0.4220.09N/AN/A4,7121,984142,09588,528
2026-03-18$74.94$75.0057.5%16.4%52.5%69.2%55.3%2.8%-1.3%-4.4M13.1M-2.4M1.1037.74N/AN/A4,8735,372142,38789,242
2026-03-19$72.42$75.0057.3%16.2%53.3%68.9%59.4%0.8%1.7%-4.9M100.4M-2.3M1.3236.27N/AN/A9,60812,720142,68090,423
2026-03-20$68.91$80.0057.4%16.6%52.5%69.1%59.3%-5.8%-0.3%-3.9M119.5M-2.2M2.0634.75N/AN/A5,51211,351141,90587,941
2026-03-23$73.75$80.0056.6%16.5%58.9%67.8%59.3%-3.5%-0.4%-1.8M-25.9M-2.3M0.5332.92N/AN/A10,4735,583121,95979,893
2026-03-25$75.62$77.0058.5%16.5%58.2%70.9%64.3%-0.7%0.8%-147.7K-85.2M-2.4M0.7031.89N/AN/A4,7313,323127,21781,659
2026-03-26$70.94$77.0060.8%17.8%60.2%74.7%65.7%-1.6%-7.6%-2.5M17.9M-2.3M1.0731.08N/AN/A2,6422,833129,98082,682
2026-03-27$71.20$77.0060.7%17.6%60.6%74.5%64.4%1.9%-4.1%-561.2K30.1M-2.2M2.2934.12N/AN/A3,4687,946129,67483,663
2026-03-30$70.58$75.0062.6%17.9%59.7%77.6%67.3%-4.2%2.6%-681.4K12.3M-2.2M0.1935.90N/AN/A5,050949127,17277,589
2026-03-31$76.02$75.0061.7%17.7%67.5%76.1%65.0%1.7%-1.4%369.5K-80.2M-2.3M0.4738.29N/AN/A4,0191,881126,49377,631