COPZ - Defiance Daily Target 2X Long Copper Miners ETF
COPZ uses swap agreements and short-dated listed call options to make bullish bets on the share price of the Global X Copper Miners ETF (COPX). COPX consists primarily of firms involved in copper mining. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in COPXs price through daily rebalancing.
As of Sep 29, 2026: spot at $15.57, ATM IV 88.2%, max pain $15.00, net GEX $928.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $773,191
- Beta
- 3.38
- 52-Week Range
- 12.01-25.86
- IPO Date
- Feb 17, 2026
- Exchange
- AMEX
What COPZ Looks Like to Options Traders Today
positive net gamma exposure ($928) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.062) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The COPZ overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked COPZ overview questions
- What is COPZ?
- COPZ is the ticker symbol for Defiance Daily Target 2X Long Copper Miners ETF, an listed exchange-traded fund. COPZ uses swap agreements and short-dated listed call options to make bullish bets on the share price of the Global X Copper Miners ETF (COPX). COPX consists primarily of firms involved in copper mining. Listed on AMEX. COPZ is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the COPZ options snapshot look like today?
- As of Sep 29, 2026, the COPZ options snapshot shows spot at $15.57, ATM IV 88.2%, max pain $15.00, net GEX $928, expected move 25.29%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are COPZ's key statistics?
- Defiance Daily Target 2X Long Copper Miners ETF (COPZ) carries a market capitalization of $773,191, 52-week range of 12.01-25.86. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does COPZ belong to?
- Defiance Daily Target 2X Long Copper Miners ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare COPZ's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the COPZ data on this page?
- The options snapshot above is dated Sep 29, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.