GOLD Options History — October 2015

In October 2015, GOLD traded between $29.34 and $35.55. ATM implied volatility averaged 40.1%, placing in the 49.6% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded below realized volatility by 4.9% (HV 20d: 45.0%). Max pain ranged from $30.00 to $33.75. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 1.34.

Notable Days

  • 2015-10-06: Highest Volume — 13,348 contracts
  • 2015-10-12: Largest IV spike — 12.9% change
  • 2015-10-12: Highest IV Rank — 66.5%
  • 2015-10-01: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.67$29.34$35.55$29.34$33.49
Max Pain$31.76$30.00$33.75$30.00$33.75
ATM IV40.1%37.0%45.3%44.7%37.0%
Expected Move11.4%10.6%12.8%12.8%10.6%
HV 20d45.0%32.5%51.1%43.4%32.5%
HV 60d44.8%42.8%46.8%43.8%43.2%
IV Rank49.6%39.3%66.5%64.6%39.3%
IV Percentile62.4%40.1%89.7%89.7%40.1%
Term Structure-0.9%-2.2%1.7%-0.1%0.2%
VWIV40.3%36.8%47.7%47.7%37.3%
Skew 25d2.7%1.4%3.6%2.4%1.8%
Skew 10d4.9%2.0%8.7%4.6%3.0%
Call IV 25d38.8%36.6%43.6%43.6%36.7%
Put IV 25d41.5%38.5%46.0%46.0%38.6%
Bid-Ask Spread %20.0616.7123.0822.4020.54
Gamma HHI0.140.110.210.110.15
Net GEX2.0M168.5K3.8M168.5K1.8M
Net DEX-37.3M-68.2M25.0M25.0M-26.5M
Net VEX-440.2K-461.8K-405.2K-425.1K-425.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.340.353.451.001.28
Total Volume7,194.8182,27613,3484,7464,342
Total OI101,904.63691,094107,272107,272102,314

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-10-01$29.34$30.0044.7%12.8%43.4%64.6%47.7%2.4%-0.1%168.5K25.0M-425.1K1.0022.40N/AN/A2,3782,36860,72646,546
2015-10-02$31.66$30.0041.7%12.0%51.1%54.9%42.7%3.6%1.7%1.4M-12.7M-451.7K1.9122.50N/AN/A3,6667,01660,97042,394
2015-10-05$31.95$30.0042.0%11.9%50.0%55.8%43.0%3.6%-1.6%1.6M-16.8M-446.0K0.6818.90N/AN/A1,35891861,45643,010
2015-10-06$32.34$30.0043.0%12.0%49.9%59.2%42.1%3.1%-1.9%1.8M-22.5M-454.8K1.0217.97N/AN/A6,6086,74061,97643,084
2015-10-07$32.84$31.2542.2%11.8%49.4%56.5%41.7%3.5%-1.7%2.0M-30.1M-461.8K2.4519.62N/AN/A2,7066,61861,30043,262
2015-10-08$32.87$31.2541.7%11.7%49.5%54.7%41.7%3.2%-1.3%2.0M-29.9M-457.2K3.3922.21N/AN/A1,9106,47861,65043,588
2015-10-09$33.73$31.2540.1%11.5%49.7%49.5%41.3%3.4%-1.4%2.5M-45.7M-461.3K3.2217.65N/AN/A2,0106,46661,73443,956
2015-10-12$33.26$31.2545.3%11.5%47.5%66.5%40.8%3.2%-1.5%2.1M-36.4M-436.0K3.4520.57N/AN/A2,0627,10661,85844,188
2015-10-13$33.37$31.2542.8%11.5%47.4%58.3%40.7%3.0%-1.0%2.1M-36.1M-443.5K1.3020.66N/AN/A2,2122,87662,08244,880
2015-10-14$35.02$31.2539.9%11.4%46.6%49.0%40.5%3.3%-1.4%3.6M-68.2M-451.1K1.6518.76N/AN/A2,7064,45262,15844,954
2015-10-15$34.83$32.5038.8%11.1%46.8%45.3%39.5%2.3%-0.8%3.8M-64.3M-434.6K0.8619.25N/AN/A3,0402,60462,52844,166
2015-10-16$34.76$32.5038.5%11.0%46.9%44.3%39.4%2.4%-1.2%1.7M-58.3M-434.2K1.2419.86N/AN/A2,0762,57862,70444,130
2015-10-19$34.02$32.5039.2%11.2%46.4%46.7%39.5%2.8%-1.4%1.6M-35.7M-416.8K0.3520.43N/AN/A8,7063,03252,52038,574
2015-10-20$35.18$32.5039.6%11.3%45.6%47.8%39.7%2.0%-2.2%2.1M-55.8M-448.7K0.7218.39N/AN/A4,3343,12456,10039,314
2015-10-21$34.48$32.5038.4%11.0%46.3%43.9%38.9%2.4%-1.1%1.9M-43.6M-450.4K0.7519.26N/AN/A3,9722,97456,51640,098
2015-10-22$34.72$32.5037.3%10.7%40.5%40.5%37.9%2.4%-0.1%2.0M-45.8M-446.6K0.6721.87N/AN/A3,7682,53056,51840,434
2015-10-23$35.55$32.5037.3%10.7%39.7%40.4%36.8%1.9%-0.6%2.2M-59.9M-450.4K0.7220.33N/AN/A3,6822,63856,58840,674
2015-10-26$34.52$32.5038.0%10.9%39.8%42.8%39.0%1.8%-0.7%1.9M-42.8M-429.2K0.6420.43N/AN/A3,6902,37456,58041,066
2015-10-27$34.58$32.5038.3%11.0%39.5%43.7%38.6%1.4%-0.8%2.0M-43.2M-429.0K0.5516.71N/AN/A3,8662,13656,82041,092
2015-10-28$34.62$32.5038.7%11.1%39.3%44.9%38.8%2.6%-0.9%2.0M-44.7M-426.1K1.0319.94N/AN/A2,9463,03257,03441,088
2015-10-29$33.56$32.5037.8%10.8%41.5%42.1%37.9%2.5%-0.5%1.7M-26.1M-405.2K0.7223.08N/AN/A4,7743,41457,63641,636
2015-10-30$33.49$33.7537.0%10.6%32.5%39.3%37.3%1.8%0.2%1.8M-26.5M-425.7K1.2820.54N/AN/A1,9062,43660,45241,862