COPX Options History — April 2026

In April 2026, COPX traded between $76.89 and $78.28. ATM implied volatility averaged 60.8%, placing in the 74.7% IV rank vs the trailing year. The 30-day expected move averaged 17.4%. IV traded below realized volatility by 3.3% (HV 20d: 64.1%). Max pain ranged from $75.00 to $88.00. Net GEX was positive for 2 of 2 trading days. Term structure was in contango for 0 of 2 days. Put/call ratio averaged 0.19.

Notable Days

2026-04-01: Highest Volume — 11,280 contracts
2026-04-02: Largest IV spike — 2.3% change
2026-04-02: Highest IV Rank — 75.8%
2026-04-02: Largest Expected Move — 17.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$77.59	$76.89	$78.28	$78.28	$76.89
Max Pain	$81.50	$75.00	$88.00	$75.00	$88.00
ATM IV	60.8%	60.1%	61.5%	60.1%	61.5%
Expected Move	17.4%	17.2%	17.6%	17.2%	17.6%
HV 20d	64.1%	64.0%	64.3%	64.3%	64.0%
HV 60d	57.8%	57.5%	58.2%	58.2%	57.5%
IV Rank	74.7%	73.5%	75.8%	73.5%	75.8%
IV Percentile	97.0%	96.8%	97.2%	96.8%	97.2%
Term Structure	-1.5%	-1.7%	-1.3%	-1.3%	-1.7%
VWIV	61.9%	60.8%	63.1%	63.1%	60.8%
Skew 25d	3.4%	-0.3%	7.1%	-0.3%	7.1%
Skew 10d	4.0%	1.7%	6.2%	6.2%	1.7%
Call IV 25d	60.3%	58.3%	62.2%	62.2%	58.3%
Put IV 25d	63.7%	62.0%	65.4%	62.0%	65.4%
Bid-Ask Spread %	33.08	32.22	33.93	32.22	33.93
Gamma HHI	0.09	0.09	0.09	0.09	0.09
Net GEX	2.4M	1.9M	2.9M	2.9M	1.9M
Net DEX	-133.5M	-158.4M	-108.5M	-158.4M	-108.5M
Net VEX	-2.4M	-2.4M	-2.3M	-2.4M	-2.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.19	0.19	0.20	0.19	0.20
Total Volume	8,542.5	5,805	11,280	11,280	5,805
Total OI	207,890.5	205,802	209,979	205,802	209,979

Daily Data (2 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2026-04-01	$78.28	$75.00	60.1%	17.2%	64.3%	73.5%	63.1%	-0.3%	-1.3%	2.9M	-158.4M	-2.4M	0.19	32.22	N/A	N/A	9,506	1,774	128,259	77,543
2026-04-02	$76.89	$88.00	61.5%	17.6%	64.0%	75.8%	60.8%	7.1%	-1.7%	1.9M	-108.5M	-2.3M	0.20	33.93	N/A	N/A	4,853	952	132,114	77,865