GOLD Options History — July 2009

In July 2009, GOLD traded between $29.01 and $33.63. ATM implied volatility averaged 49.3%, placing in the 4.0% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded below realized volatility by 2.9% (HV 20d: 52.2%). 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 15 of 22 days. Put/call ratio averaged 0.80.

Notable Days

  • 2009-07-09: Highest Volume — 28,956 contracts
  • 2009-07-06: Largest IV spike — 20.3% change
  • 2009-07-08: Highest IV Rank — 11.9%
  • 2009-07-08: Largest Expected Move — 16.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.33$29.01$33.63$33.63$31.06
Max Pain$30.23$30.00$32.50$32.50$30.00
ATM IV49.3%42.5%57.7%45.6%42.5%
Expected Move14.2%12.2%16.3%13.1%12.2%
HV 20d52.2%45.3%56.0%53.9%49.0%
HV 60d56.0%51.7%60.5%58.4%53.3%
IV Rank4.0%0.0%11.9%0.0%0.0%
IV Percentile5.9%0.0%24.6%0.0%0.4%
Term Structure0.9%-0.9%4.8%4.8%3.0%
VWIV49.8%41.8%57.4%44.4%41.8%
Skew 25d4.5%2.9%5.7%3.0%2.9%
Skew 10d8.8%4.1%10.9%4.1%8.9%
Call IV 25d47.5%40.7%54.7%43.7%40.7%
Put IV 25d52.1%43.6%59.7%46.8%43.6%
Bid-Ask Spread %11.816.0115.596.0113.60
Gamma HHI0.150.120.190.190.14
Net GEX1.5M653.5K2.2M2.2M1.5M
Net DEX-78.7M-120.6M-31.3M-120.6M-80.3M
Net VEX-840.1K-1.0M-739.3K-1.0M-798.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.153.190.210.87
Total Volume8,529.5451,10428,95612,6867,922
Total OI171,901.091152,088188,940178,200175,314

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-07-01$33.63$32.5045.6%13.1%53.9%0.0%44.4%3.0%4.8%2.2M-120.6M-1.0M0.216.01N/AN/A10,4722,214114,23463,966
2009-07-02$32.30$32.5046.5%13.3%54.6%0.9%46.8%3.7%4.8%1.9M-103.2M-979.1K0.258.73N/AN/A6,5941,674119,35464,294
2009-07-06$30.57$30.0056.0%15.8%54.9%10.2%54.2%5.4%-0.5%1.2M-60.4M-895.2K0.7810.93N/AN/A4,0903,170117,70864,460
2009-07-07$30.39$30.0054.9%15.7%52.9%9.1%54.1%5.7%0.0%1.1M-55.3M-883.0K1.5910.07N/AN/A1,2261,950117,66065,350
2009-07-08$29.01$30.0057.7%16.3%54.7%11.9%57.4%5.1%-0.6%694.0K-31.3M-835.2K0.7512.73N/AN/A7,0665,316118,04665,518
2009-07-09$29.45$30.0055.1%16.1%55.2%9.3%56.5%5.1%-0.9%882.3K-41.6M-875.4K0.9612.41N/AN/A14,77014,186121,63267,308
2009-07-10$29.36$30.0052.5%16.0%55.1%6.8%56.0%4.9%0.1%653.5K-41.2M-830.8K0.4113.30N/AN/A8,1503,318115,22864,732
2009-07-13$30.04$30.0056.1%16.2%54.3%10.3%57.4%5.0%-0.5%753.3K-51.6M-829.7K0.4613.73N/AN/A8,2043,806114,73664,568
2009-07-14$30.61$30.0053.5%15.9%54.6%7.7%55.2%5.0%-0.5%1.0M-65.6M-844.2K3.199.45N/AN/A1,7685,634116,81063,910
2009-07-15$31.63$30.0048.5%15.1%56.0%2.9%54.1%5.0%0.4%1.5M-85.9M-865.2K1.2010.30N/AN/A3,7464,500116,11063,948
2009-07-16$31.43$30.0051.3%14.7%55.5%5.6%52.4%5.5%0.6%1.4M-81.7M-848.0K0.6615.09N/AN/A1,9321,282116,55463,836
2009-07-17$31.99$30.0050.2%14.4%54.8%4.5%49.8%5.0%0.9%1.7M-86.5M-833.0K0.3715.59N/AN/A3,7321,384113,66661,968
2009-07-20$33.37$30.0049.0%14.0%55.0%3.3%49.4%4.5%0.2%1.9M-114.3M-846.7K1.2111.94N/AN/A3,4964,23499,50852,580
2009-07-21$32.76$30.0046.9%13.5%50.0%1.3%46.6%4.2%0.1%1.8M-103.6M-813.1K0.4210.00N/AN/A5,1922,168100,38652,868
2009-07-22$32.86$30.0046.9%13.5%47.6%1.3%47.1%4.4%-0.3%2.0M-107.3M-827.9K1.1313.52N/AN/A518586103,47654,038
2009-07-23$33.23$30.0046.9%13.5%46.5%1.3%47.5%5.4%-0.1%2.1M-114.8M-836.5K0.2611.02N/AN/A2,014530103,36653,794
2009-07-24$32.74$30.0045.9%13.2%45.9%0.3%46.5%4.5%0.3%2.0M-106.0M-812.9K0.7613.30N/AN/A1,058806103,54254,006
2009-07-27$32.84$30.0045.9%13.2%45.3%0.3%45.9%4.7%0.4%2.0M-106.2M-795.2K0.4512.31N/AN/A4,8902,216103,63854,198
2009-07-28$30.35$30.0045.4%13.0%53.1%0.0%45.0%3.8%1.7%1.3M-61.8M-745.3K0.6112.94N/AN/A4,7962,932106,59655,214
2009-07-29$29.84$30.0044.2%12.7%51.9%0.0%45.3%3.0%2.8%1.2M-54.4M-739.3K0.1510.62N/AN/A8,7981,356109,15856,208
2009-07-30$29.90$30.0042.5%12.2%48.4%0.0%42.5%4.2%3.4%1.3M-58.5M-745.5K0.8812.21N/AN/A7,4326,522111,55656,782
2009-07-31$31.06$30.0042.5%12.2%49.0%0.0%41.8%2.9%3.0%1.5M-80.3M-798.9K0.8713.60N/AN/A4,2403,682113,21862,096