GOLD Options History — October 2014

In October 2014, GOLD traded between $29.14 and $35.01. ATM implied volatility averaged 36.3%, placing in the 62.6% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 2.1% (HV 20d: 34.2%). Max pain ranged from $38.75 to $38.75. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 1.21.

Notable Days

  • 2014-10-09: Highest Volume — 16,534 contracts
  • 2014-10-13: Largest IV spike — 20.6% change
  • 2014-10-13: Highest IV Rank — 100.0%
  • 2014-10-31: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.24$29.14$35.01$33.58$29.14
Max Pain$38.75$38.75$38.75$38.75$38.75
ATM IV36.3%29.0%46.2%29.6%42.4%
Expected Move9.6%8.7%10.8%8.7%10.8%
HV 20d34.2%21.9%43.7%22.7%43.6%
HV 60d25.5%21.2%30.1%21.9%30.1%
IV Rank62.6%34.9%100.0%37.5%85.7%
IV Percentile75.7%38.9%100.0%41.3%97.6%
Term Structure-1.1%-2.4%1.4%1.3%-2.3%
VWIV32.5%26.2%36.9%29.9%36.9%
Skew 25d2.9%0.5%5.3%1.2%2.1%
Skew 10d4.9%1.5%8.6%2.2%3.0%
Call IV 25d34.8%29.6%42.0%30.1%42.0%
Put IV 25d37.7%31.2%45.3%31.3%44.1%
Bid-Ask Spread %17.7112.9922.0816.1513.76
Gamma HHI0.150.100.400.110.14
Net GEX-1.3M-4.7M-525.4K-608.3K-737.8K
Net DEX34.6M14.2M67.5M31.8M67.5M
Net VEX-427.0K-523.1K-310.9K-387.0K-310.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.204.023.930.94
Total Volume8,894.69691216,5347,66613,306
Total OI115,000.435100,684123,866100,684115,760

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-10-01$33.58$38.7529.6%8.7%22.7%37.5%29.9%1.2%1.3%-608.3K31.8M-387.0K3.9316.15N/AN/A1,5546,11258,94241,742
2014-10-02$33.80$38.7529.0%8.7%21.9%34.9%30.0%1.6%1.4%-1.5M37.2M-409.1K0.4016.03N/AN/A1,90275860,06846,650
2014-10-03$32.85$38.7530.4%8.9%23.1%40.5%31.0%0.5%0.7%-1.4M47.4M-384.8K3.9219.62N/AN/A1,5185,94661,53846,920
2014-10-06$33.62$38.7530.9%8.9%24.3%42.4%32.0%2.7%-0.3%-1.7M40.1M-418.4K0.4618.94N/AN/A1,29460062,34649,520
2014-10-07$32.91$38.7532.3%9.0%24.1%47.8%26.2%2.3%-0.9%-1.5M48.6M-400.5K4.0218.18N/AN/A4881,96063,14649,626
2014-10-08$35.01$38.7532.7%9.1%34.5%49.2%31.6%2.9%-1.6%-1.1M16.5M-474.4K1.5518.85N/AN/A6,0149,33063,23651,120
2014-10-09$34.20$38.7537.3%9.4%34.9%66.7%31.3%4.2%-1.9%-1.7M33.6M-483.0K1.8520.40N/AN/A5,80010,73463,73255,974
2014-10-10$33.73$38.7538.3%9.8%34.8%70.6%32.7%2.1%-0.6%-1.9M39.3M-479.6K1.8319.16N/AN/A4,6528,51064,30856,678
2014-10-13$34.36$38.7546.2%10.3%35.8%100.0%36.4%3.3%-2.1%-1.5M25.7M-509.2K0.6417.75N/AN/A2,6221,67264,55457,008
2014-10-14$34.90$38.7542.4%10.2%36.5%85.7%35.1%4.5%-2.4%-1.3M17.4M-522.8K1.2821.89N/AN/A4,3105,49665,46458,070
2014-10-15$34.99$38.7545.7%10.5%35.7%98.1%35.1%4.5%-2.3%-1.2M15.2M-523.1K0.9322.08N/AN/A5,1104,74865,62258,134
2014-10-16$34.60$38.7541.4%10.3%35.8%82.0%35.9%5.3%-2.3%-1.7M14.7M-507.8K0.7017.50N/AN/A58641266,59257,274
2014-10-17$33.47$38.7537.9%9.9%36.2%68.6%34.4%3.7%-1.3%-4.7M42.2M-455.2K0.2121.95N/AN/A4,6801,00266,65857,194
2014-10-20$34.27$38.7536.7%9.8%37.1%64.0%33.6%3.9%-1.3%-537.8K15.4M-456.7K0.5420.94N/AN/A7,5484,07861,39049,170
2014-10-21$34.28$38.7533.5%9.4%35.7%51.9%30.8%2.2%-0.5%-525.4K14.2M-447.2K1.0819.53N/AN/A6,6187,13462,37449,398
2014-10-22$33.28$38.7533.8%9.4%36.5%53.1%31.4%2.6%-1.0%-702.0K27.2M-414.9K0.5414.95N/AN/A6,6763,62262,90048,800
2014-10-23$33.22$38.7533.5%9.3%36.4%51.9%32.2%2.5%-0.1%-706.7K28.2M-412.5K0.4518.37N/AN/A8,2123,70263,41448,988
2014-10-24$32.51$38.7533.9%9.4%36.7%53.2%31.7%2.8%-0.6%-789.9K37.6M-396.5K0.4313.19N/AN/A8,2043,56863,79449,178
2014-10-27$31.73$38.7535.9%9.6%37.5%60.8%31.8%2.4%-1.6%-908.7K46.7M-360.8K0.5112.99N/AN/A8,0304,06064,27849,256
2014-10-28$32.47$38.7534.6%9.6%38.6%56.1%32.2%3.4%-0.8%-807.8K37.4M-386.4K0.2018.22N/AN/A76015264,91249,434
2014-10-29$31.68$38.7536.4%9.8%39.4%63.0%30.9%3.2%-1.3%-874.3K46.5M-361.9K0.6313.63N/AN/A6,2983,98065,17449,668
2014-10-30$29.90$38.7539.8%10.4%43.7%75.6%33.7%3.0%-2.4%-876.4K64.3M-317.4K0.7313.32N/AN/A6,2564,56464,69850,308
2014-10-31$29.14$38.7542.4%10.8%43.6%85.7%36.9%2.1%-2.3%-737.8K67.5M-310.9K0.9413.76N/AN/A6,8626,44465,35850,402