GOLD Options History — October 2007

In October 2007, GOLD traded between $15.45 and $18.64. ATM implied volatility averaged 50.9%, placing in the 92.1% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded above realized volatility by 4.7% (HV 20d: 46.2%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.30.

Notable Days

  • 2007-10-11: Highest Volume — 32,760 contracts
  • 2007-10-10: Largest IV drop — 11.3% change
  • 2007-10-02: Highest IV Rank — 100.0%
  • 2007-10-15: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.09$15.45$18.64$16.80$17.97
Max Pain$16.41$15.00$17.50$15.00$17.50
ATM IV50.9%45.6%54.7%47.8%53.8%
Expected Move14.6%13.5%15.7%13.7%15.4%
HV 20d46.2%36.1%56.6%51.0%36.1%
HV 60d44.1%41.0%45.4%41.0%45.4%
IV Rank92.1%75.4%100.0%98.0%96.7%
IV Percentile98.0%92.8%100.0%99.5%98.1%
Term Structure-3.5%-6.6%1.4%-0.6%-6.0%
VWIV51.4%45.4%55.8%45.4%54.3%
Skew 25d1.5%-6.5%5.1%1.3%3.6%
Skew 10d4.4%-13.6%14.4%4.4%8.4%
Call IV 25d51.4%48.0%56.2%48.0%54.6%
Put IV 25d52.9%42.7%58.2%49.2%58.2%
Bid-Ask Spread %14.506.1522.106.7314.43
Gamma HHI0.470.420.560.560.42
Net GEX1.0M715.3K1.4M715.3K1.3M
Net DEX-58.3M-84.2M-36.4M-49.5M-68.2M
Net VEX-169.0K-195.1K-131.8K-131.8K-188.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.040.690.270.49
Total Volume4,897.7391,03232,7605,5242,812
Total OI66,416.60952,57079,31252,57074,104

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-10-01$16.80$15.0047.8%13.7%51.0%98.0%45.4%1.3%-0.6%715.3K-49.5M-131.8K0.276.73N/AN/A4,3661,15842,6309,940
2007-10-02$15.95$15.0050.2%14.4%55.3%100.0%49.6%0.1%0.3%715.9K-41.2M-143.2K0.427.06N/AN/A3,5921,52443,51810,628
2007-10-03$15.59$15.0046.9%13.5%56.6%86.0%47.1%-4.9%1.1%733.7K-37.6M-145.1K0.6010.44N/AN/A1,55893644,34410,714
2007-10-04$15.45$15.0047.4%13.6%50.0%88.2%48.1%-6.5%1.4%723.9K-36.4M-147.3K0.3111.60N/AN/A1,27439445,30611,424
2007-10-05$15.99$15.0047.6%13.9%49.0%89.0%47.8%1.1%-2.2%766.7K-42.5M-147.1K0.1922.10N/AN/A1,09420645,84411,532
2007-10-08$15.90$15.0051.6%14.4%49.1%100.0%49.6%2.1%-3.9%757.5K-41.8M-144.3K0.1914.81N/AN/A87016245,87411,598
2007-10-09$15.78$15.0051.4%14.3%49.1%98.9%48.8%2.9%-3.3%750.0K-40.2M-144.1K0.0520.69N/AN/A1,3967445,86811,662
2007-10-10$16.45$15.0045.6%14.0%50.2%75.4%49.4%0.7%-2.6%805.0K-48.0M-139.8K0.1015.93N/AN/A2,02619646,39411,682
2007-10-11$17.05$15.0050.2%14.4%51.3%94.4%50.4%5.1%-5.2%818.1K-54.3M-134.5K0.0615.39N/AN/A30,9501,81046,08411,638
2007-10-12$17.67$15.0049.5%14.2%48.5%91.2%49.5%3.9%-4.5%1.4M-84.2M-187.0K0.406.15N/AN/A2,19488867,18412,128
2007-10-15$17.63$17.5054.7%15.7%48.7%100.0%54.8%3.1%-6.4%1.0M-64.2M-158.5K0.0717.90N/AN/A21,4181,54653,91212,564
2007-10-16$17.17$17.5054.4%15.6%46.0%98.9%55.6%-1.5%-4.8%1.1M-61.9M-182.7K0.1317.68N/AN/A3,90249458,99013,368
2007-10-17$16.98$17.5053.2%15.3%44.2%94.5%54.3%-0.1%-4.8%1.2M-61.1M-193.5K0.1918.07N/AN/A2,39845461,50013,528
2007-10-18$17.38$17.5052.7%15.1%44.6%92.6%54.5%1.7%-5.2%1.3M-65.9M-191.0K0.3716.67N/AN/A2,24883861,91013,658
2007-10-19$17.31$17.5053.3%15.3%43.6%94.7%55.8%0.7%-5.3%1.4M-64.4M-195.1K0.4120.09N/AN/A1,37256662,89414,076
2007-10-22$17.18$17.5052.1%14.9%43.8%90.6%55.0%3.8%-4.0%1.2M-59.4M-191.2K0.6918.94N/AN/A1,9261,32259,48210,898
2007-10-23$17.57$17.5049.4%14.2%44.2%80.8%51.1%5.1%-2.2%1.2M-63.5M-193.2K0.5818.08N/AN/A77844859,64611,750
2007-10-24$18.00$17.5049.9%14.3%43.4%82.7%52.9%2.8%-3.1%1.2M-68.8M-191.3K0.3411.07N/AN/A2,43082859,87411,902
2007-10-25$18.36$17.5051.0%14.6%41.7%86.7%51.1%3.5%-3.0%1.2M-73.0M-187.1K0.3512.16N/AN/A1,82263659,74011,682
2007-10-26$18.64$17.5050.4%14.5%38.9%84.5%49.9%1.8%-3.6%1.2M-75.9M-183.9K0.3114.28N/AN/A1,51847059,50812,050
2007-10-29$18.45$17.5054.2%15.5%39.2%98.0%53.8%3.9%-6.6%1.2M-73.7M-180.8K0.049.46N/AN/A3,01010859,50812,050
2007-10-30$17.70$17.5053.9%15.5%37.5%97.0%54.1%1.0%-6.5%1.3M-64.6M-186.2K0.4213.69N/AN/A1,86077660,86212,134
2007-10-31$17.97$17.5053.8%15.4%36.1%96.7%54.3%3.6%-6.0%1.3M-68.2M-188.3K0.4914.43N/AN/A1,88492861,48812,616