Global X - Copper Miners ... (COPX)
Global X - Copper Miners ETF Max Pain By Strike
COPX trades at $46.6, 5.9% above the near-term max pain of $44 expiring Sep 19, 2025 (29 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($30-$55), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
Global X - Copper Miners ETF Max Pain By Expiry
Max pain for COPX shows an upward trend from 30 to 55, suggesting bullish positioning in longer-dated options. The 61% spread signals divergent expectations across timeframes. Most levels below 46.6 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 44 | -2.60 (-5.58%) |
| Oct 17, 2025 | 43 | -3.60 (-7.73%) |
| Dec 19, 2025 | 55 | 8.40 (18.03%) |
| Jan 16, 2026 | 39 | -7.60 (-16.31%) |
| Apr 17, 2026 | 36 | -10.60 (-22.75%) |
| Jan 15, 2027 | 30 | -16.60 (-35.62%) |