GOLD Options History — October 2009

In October 2009, GOLD traded between $32.61 and $38.20. ATM implied volatility averaged 49.0%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 2.9% (HV 20d: 46.1%). Max pain ranged from $35.00 to $37.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.61.

Notable Days

  • 2009-10-08: Highest Volume — 21,208 contracts
  • 2009-10-15: Largest IV spike — 15.3% change
  • 2009-10-30: Highest IV Rank — 18.3%
  • 2009-10-30: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.72$32.61$38.20$33.01$33.35
Max Pain$35.68$35.00$37.50$35.00$35.00
ATM IV49.0%43.7%54.9%52.9%54.9%
Expected Move14.4%12.5%15.7%15.2%15.7%
HV 20d46.1%39.1%50.4%46.1%49.6%
HV 60d47.9%45.5%49.4%46.8%47.9%
IV Rank9.1%3.4%18.3%11.7%18.3%
IV Percentile17.0%2.8%36.9%23.8%36.9%
Term Structure-0.2%-1.6%2.5%1.3%-1.4%
VWIV50.7%44.2%55.2%52.3%54.5%
Skew 25d3.4%2.9%4.4%2.9%2.9%
Skew 10d6.1%3.8%8.0%5.9%3.8%
Call IV 25d49.2%43.2%53.5%51.3%53.5%
Put IV 25d52.6%46.4%56.8%54.2%56.5%
Bid-Ask Spread %9.064.1514.0613.8513.51
Gamma HHI0.180.120.480.130.12
Net GEX3.3M992.4K9.4M1.6M1.4M
Net DEX-110.5M-178.8M-38.5M-56.5M-50.0M
Net VEX-827.5K-929.7K-698.6K-804.6K-740.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.241.410.620.49
Total Volume8,603.6363,65021,20811,0529,508
Total OI186,734.455164,838203,778184,980183,524

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-10-01$33.01$35.0052.9%15.2%46.1%11.7%52.3%2.9%1.3%1.6M-56.5M-804.6K0.6213.85N/AN/A6,8304,222119,86065,120
2009-10-02$32.61$35.0051.7%14.8%39.1%10.5%51.8%2.9%2.5%1.4M-47.7M-796.8K1.148.64N/AN/A4,5785,198122,73066,420
2009-10-05$34.14$35.0051.4%15.1%42.5%10.3%52.7%4.4%-1.2%2.2M-79.5M-840.6K0.284.62N/AN/A7,8382,158123,91268,892
2009-10-06$36.56$35.0052.1%15.3%48.7%10.9%55.2%4.4%-1.2%3.8M-144.5M-917.5K0.334.15N/AN/A13,3144,348122,65269,588
2009-10-07$36.16$35.0051.8%15.5%48.7%10.6%54.3%3.3%-0.5%3.8M-136.2M-908.8K0.615.63N/AN/A6,1703,734125,35070,184
2009-10-08$37.08$35.0048.8%15.2%47.4%7.9%53.8%4.0%-1.0%4.5M-161.6M-929.7K0.306.39N/AN/A16,2764,932125,94471,572
2009-10-09$36.60$35.0045.8%14.8%47.6%5.0%52.7%3.8%-0.4%4.2M-146.3M-928.0K0.365.47N/AN/A3,1941,152130,06273,716
2009-10-12$36.26$35.0051.5%15.3%47.2%10.4%53.3%3.6%-1.6%3.8M-131.2M-878.5K0.655.11N/AN/A3,8782,516127,00473,952
2009-10-13$36.85$35.0047.2%14.9%47.4%6.4%53.6%4.2%-0.5%4.7M-148.2M-881.5K0.486.12N/AN/A3,0001,444128,24074,512
2009-10-14$36.88$35.0044.1%14.6%44.0%3.4%52.9%3.5%-0.4%5.1M-150.0M-869.6K0.395.49N/AN/A5,3802,102128,62474,626
2009-10-15$36.46$35.0050.8%14.6%44.1%9.7%52.1%3.7%-1.1%4.4M-130.5M-838.5K0.625.67N/AN/A4,9083,034127,70474,556
2009-10-16$37.70$35.0049.1%14.1%45.6%9.9%49.3%4.2%0.2%9.4M-178.8M-854.5K0.248.08N/AN/A13,5863,232128,92074,754
2009-10-19$38.20$35.0048.0%13.8%44.8%8.7%48.4%3.1%0.3%3.6M-151.1M-845.9K1.4112.37N/AN/A2,5223,550107,19857,640
2009-10-20$37.02$35.0047.0%13.5%46.3%7.5%47.5%3.0%0.1%3.1M-124.6M-821.8K0.5910.31N/AN/A3,5042,066108,51659,206
2009-10-21$37.12$35.0046.0%13.2%46.1%6.4%46.1%3.0%-0.1%3.2M-125.6M-821.5K0.9013.43N/AN/A2,3722,140109,69860,424
2009-10-22$36.48$37.5044.9%12.9%44.7%5.2%45.4%3.3%0.8%2.8M-109.3M-796.3K0.689.05N/AN/A2,8101,902109,91061,334
2009-10-23$36.27$37.5043.7%12.5%44.2%3.8%44.2%3.2%1.0%2.7M-103.5M-790.2K1.1312.93N/AN/A2,3082,606110,35062,332
2009-10-26$35.05$37.5046.9%13.4%45.9%7.4%46.7%3.1%0.1%2.0M-77.9M-751.1K0.719.96N/AN/A3,3002,334111,25664,250
2009-10-27$34.95$37.5047.2%13.5%45.1%7.8%47.2%3.3%0.2%2.0M-75.9M-749.5K0.3911.00N/AN/A2,6181,032111,91464,084
2009-10-28$32.81$37.5052.6%15.1%50.4%15.4%52.1%2.9%-1.2%992.4K-38.5M-698.6K0.8314.06N/AN/A4,3763,628113,36264,312
2009-10-29$34.27$37.5050.2%14.4%48.8%12.4%49.9%3.0%-0.5%1.7M-63.9M-742.4K0.2613.56N/AN/A7,6841,996114,49665,458
2009-10-30$33.35$35.0054.9%15.7%49.6%18.3%54.5%2.9%-1.4%1.4M-50.0M-740.1K0.4913.51N/AN/A6,3863,122117,52266,002