GOLD Options History — April 2018

In April 2018, GOLD traded between $39.37 and $42.27. ATM implied volatility averaged 29.7%, placing in the 65.2% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded below realized volatility by 1.9% (HV 20d: 31.7%). Max pain ranged from $41.25 to $42.50. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.89.

Notable Days

  • 2018-04-11: Highest Volume — 6,546 contracts
  • 2018-04-11: Largest IV spike — 8.5% change
  • 2018-04-30: Highest IV Rank — 74.7%
  • 2018-04-02: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.49$39.37$42.27$42.27$40.47
Max Pain$42.14$41.25$42.50$42.50$41.25
ATM IV29.7%28.2%31.7%31.7%30.6%
Expected Move8.6%8.2%9.1%9.1%8.8%
HV 20d31.7%26.3%36.1%29.1%26.3%
HV 60d354.1%34.5%563.4%563.3%34.8%
IV Rank65.2%53.4%74.7%73.9%74.7%
IV Percentile83.3%69.0%94.4%92.5%94.4%
Term Structure-1.2%-3.7%0.9%-0.8%-3.7%
VWIV30.3%29.0%31.7%31.3%30.7%
Skew 25d0.9%-0.2%3.2%1.8%0.4%
Skew 10d1.3%-3.3%4.2%1.9%-3.3%
Call IV 25d30.3%29.3%31.5%30.2%30.6%
Put IV 25d31.2%29.8%32.5%32.0%31.0%
Bid-Ask Spread %20.5710.6238.9238.9214.39
Gamma HHI0.200.160.310.230.21
Net GEX-27.2K-980.0K859.6K859.6K-45.1K
Net DEX15.9M-2.9M28.5M-2.9M14.9M
Net VEX-324.0K-360.1K-299.1K-360.1K-303.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.591.151.101.08
Total Volume5,507.3334,4986,5465,2204,750
Total OI50,654.85744,04457,10848,20046,092

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$42.27$42.5031.7%9.1%29.1%73.9%31.3%1.8%-0.8%859.6K-2.9M-360.1K1.1038.92N/AN/A2,4882,73225,17423,026
2018-04-03$41.32$42.5030.7%8.8%30.4%68.3%30.1%0.8%0.0%476.6K8.0M-348.2K1.1238.27N/AN/A2,4022,69825,17622,962
2018-04-04$39.84$42.5029.9%8.6%32.1%63.4%29.4%-0.2%0.9%-167.0K22.5M-320.2K0.8830.20N/AN/A2,8922,54025,30823,082
2018-04-05$39.37$42.5028.2%8.6%32.2%53.4%30.6%-0.2%-0.6%-603.4K28.5M-311.9K0.6924.17N/AN/A3,7442,59625,88423,432
2018-04-06$39.97$42.5028.2%8.6%32.8%53.5%30.2%0.4%0.0%7.7K20.1M-333.8K1.0517.35N/AN/A3,0843,23827,41023,770
2018-04-09$39.80$42.5029.3%8.9%32.8%59.7%30.9%0.5%-1.0%-89.3K21.7M-330.1K0.8116.47N/AN/A2,8182,27428,03424,730
2018-04-10$40.70$42.5028.7%8.8%33.8%56.7%31.1%0.9%-0.5%249.7K13.0M-343.6K0.7214.27N/AN/A3,1782,29827,83224,896
2018-04-11$41.30$42.5031.2%8.9%34.0%71.0%31.7%0.8%-1.3%711.7K5.8M-350.6K0.7217.80N/AN/A3,8082,73828,32424,814
2018-04-12$40.41$42.5030.5%8.7%34.7%66.9%31.5%0.4%-0.8%-155.2K18.2M-331.9K0.7514.78N/AN/A3,0682,30428,82024,938
2018-04-13$41.27$42.5030.3%8.7%35.1%65.7%30.9%1.0%-0.9%538.2K8.3M-342.5K0.6716.53N/AN/A3,8322,55229,12224,964
2018-04-16$40.28$42.5029.8%8.5%36.0%62.7%30.1%1.4%-1.1%-301.5K20.6M-317.3K0.9319.11N/AN/A3,2383,01430,23024,854
2018-04-17$40.73$42.5028.5%8.2%36.0%55.5%29.0%0.6%-0.8%-24.7K14.8M-325.4K1.1315.29N/AN/A2,7103,07430,71425,378
2018-04-18$41.01$42.5030.1%8.6%36.1%71.2%30.4%1.1%-1.6%137.3K11.6M-326.7K1.0836.03N/AN/A2,8283,06030,79025,416
2018-04-19$40.70$42.5029.5%8.4%35.1%67.3%30.1%0.6%-1.8%-269.3K17.3M-324.1K0.5914.93N/AN/A3,5462,07631,00826,100
2018-04-20$40.19$42.5029.4%8.4%32.0%66.8%30.0%1.0%-1.5%-980.0K22.7M-313.3K0.6415.66N/AN/A3,7702,41830,81626,138
2018-04-23$39.76$41.2529.8%8.5%28.0%69.3%29.9%1.2%-1.5%-342.4K20.9M-299.1K0.7613.41N/AN/A2,8782,18021,91022,134
2018-04-24$40.01$41.2529.8%8.5%27.5%69.3%30.1%1.3%-1.7%-198.7K18.5M-303.7K0.7516.48N/AN/A2,7842,07822,51622,140
2018-04-25$40.03$41.2529.8%8.5%27.1%69.3%30.3%1.1%-1.8%-189.8K18.1M-303.3K1.0610.62N/AN/A2,1842,31422,67622,168
2018-04-26$40.02$41.2529.3%8.4%26.5%66.4%29.4%0.8%-1.5%-187.6K18.3M-303.6K1.1513.79N/AN/A2,1562,48222,98622,372
2018-04-27$40.73$41.2529.0%8.3%27.0%64.4%29.3%3.2%-2.9%2.5K12.9M-310.4K1.0033.42N/AN/A2,4142,41622,99222,624
2018-04-30$40.47$41.2530.6%8.8%26.3%74.7%30.7%0.4%-3.7%-45.1K14.9M-303.6K1.0814.39N/AN/A2,2862,46423,38622,706