GOLD Options History — June 2009

In June 2009, GOLD traded between $30.82 and $36.98. ATM implied volatility averaged 53.8%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded above realized volatility by 1.7% (HV 20d: 52.1%). Max pain ranged from $30.00 to $32.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.62.

Notable Days

  • 2009-06-02: Highest Volume — 19,466 contracts
  • 2009-06-25: Largest IV drop — 10.9% change
  • 2009-06-01: Highest IV Rank — 16.8%
  • 2009-06-01: Largest Expected Move — 16.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.89$30.82$36.98$35.26$32.09
Max Pain$32.05$30.00$32.50$30.00$32.50
ATM IV53.8%46.4%58.4%58.1%46.4%
Expected Move15.5%13.3%16.7%16.7%13.3%
HV 20d52.1%46.2%57.7%50.1%52.8%
HV 60d62.3%59.6%64.3%63.1%59.6%
IV Rank8.5%0.0%16.8%16.8%0.0%
IV Percentile14.1%0.0%26.6%26.2%0.0%
Term Structure1.1%-2.2%5.1%-1.1%5.1%
VWIV53.4%46.1%58.6%57.3%46.1%
Skew 25d5.8%4.4%7.0%6.7%4.8%
Skew 10d11.4%8.8%15.4%13.8%8.8%
Call IV 25d51.0%44.0%55.1%55.1%44.0%
Put IV 25d56.9%48.9%62.1%61.8%48.9%
Bid-Ask Spread %11.354.7016.348.649.65
Gamma HHI0.200.150.280.190.18
Net GEX2.7M1.3M4.7M3.5M1.6M
Net DEX-155.6M-265.8M-65.2M-216.4M-90.2M
Net VEX-1.1M-1.2M-930.5K-1.1M-964.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.271.880.420.79
Total Volume11,932.8187,64419,46612,3569,092
Total OI212,554.364166,822243,158210,836175,834

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-06-01$35.26$30.0058.1%16.7%50.1%16.8%57.3%6.7%-1.1%3.5M-216.4M-1.1M0.428.64N/AN/A8,7303,626133,95676,880
2009-06-02$36.98$30.0058.0%16.6%50.9%16.7%58.2%7.0%-2.2%4.2M-265.8M-1.1M0.424.70N/AN/A13,6825,784136,60078,850
2009-06-03$35.27$30.0057.7%16.5%54.0%16.4%56.7%5.5%-0.8%4.0M-215.0M-1.1M0.497.04N/AN/A12,3386,042142,51280,976
2009-06-04$36.10$30.0056.4%16.2%52.4%15.2%55.9%5.1%0.7%4.7M-251.6M-1.2M0.914.85N/AN/A4,0983,720150,15682,664
2009-06-05$34.27$32.5054.9%16.3%57.7%13.8%55.8%6.9%-0.4%3.8M-184.3M-1.1M0.6616.34N/AN/A11,0687,356148,49083,574
2009-06-08$35.42$32.5058.4%16.4%52.5%15.2%58.6%6.4%0.1%3.9M-214.1M-1.1M0.7513.43N/AN/A7,5065,598141,59683,622
2009-06-09$35.27$32.5055.3%16.1%52.6%8.7%55.5%6.3%0.3%3.5M-203.7M-1.1M0.499.38N/AN/A5,7702,852141,65884,674
2009-06-10$35.34$32.5053.5%15.7%52.0%6.9%53.9%6.3%0.9%3.7M-207.8M-1.1M0.3114.05N/AN/A11,2283,508142,74885,410
2009-06-11$35.47$32.5054.6%15.7%48.1%7.9%54.2%6.3%0.3%4.1M-215.4M-1.1M0.8213.94N/AN/A5,0964,174146,73286,342
2009-06-12$33.84$32.5052.9%15.2%49.1%6.2%53.3%5.8%1.6%2.7M-154.5M-1.1M0.9812.46N/AN/A8,0947,938147,75487,672
2009-06-15$33.02$32.5055.8%16.0%49.7%9.0%54.2%5.2%0.9%2.2M-128.1M-1.0M0.5813.06N/AN/A6,9364,002148,81690,938
2009-06-16$33.30$32.5054.7%15.7%49.7%8.0%53.7%5.4%1.1%2.3M-136.0M-1.0M0.6115.18N/AN/A4,8622,944148,30091,420
2009-06-17$32.60$32.5054.5%15.6%48.7%7.8%55.2%6.7%1.1%1.6M-112.5M-998.7K0.4612.09N/AN/A9,7124,448148,36092,042
2009-06-18$31.58$32.5052.5%15.1%46.2%5.8%51.6%6.6%2.3%1.3M-82.8M-963.8K0.749.56N/AN/A4,7303,502150,64292,516
2009-06-19$32.87$32.5051.5%14.8%48.5%4.8%50.7%5.9%2.8%1.4M-128.2M-986.7K1.8815.40N/AN/A4,3988,278149,60891,950
2009-06-22$30.82$32.5055.4%15.9%53.5%8.7%52.7%6.3%0.2%1.3M-65.2M-930.5K0.5711.38N/AN/A7,6604,352108,04058,782
2009-06-23$32.22$32.5053.5%15.3%55.7%6.8%53.2%5.3%1.3%1.6M-86.6M-1.0M0.3211.69N/AN/A5,7841,860108,52661,442
2009-06-24$33.20$32.5054.3%15.6%56.6%7.5%53.9%4.4%0.1%1.9M-107.1M-1.0M0.3311.57N/AN/A7,7122,570109,24261,968
2009-06-25$34.02$32.5048.4%13.9%54.6%1.7%49.2%4.6%2.5%2.1M-124.9M-1.0M0.2714.76N/AN/A9,5602,540111,19662,792
2009-06-26$33.28$32.5047.9%13.7%55.1%1.2%47.1%5.0%4.0%2.0M-121.9M-1.0M0.4510.92N/AN/A7,1383,190114,62262,356
2009-06-29$33.31$32.5048.9%14.0%54.9%2.2%48.2%5.7%3.2%1.9M-110.5M-995.3K0.319.55N/AN/A6,9082,136111,11262,826
2009-06-30$32.09$32.5046.4%13.3%52.8%0.0%46.1%4.8%5.1%1.6M-90.2M-964.2K0.799.65N/AN/A5,0804,012113,56262,272