GOLD Options History — May 2018

In May 2018, GOLD traded between $38.35 and $41.23. ATM implied volatility averaged 25.5%, placing in the 39.3% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 2.8% (HV 20d: 22.7%). Max pain ranged from $40.00 to $42.50. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 1.11.

Notable Days

  • 2018-05-10: Highest Volume — 7,862 contracts
  • 2018-05-09: Largest IV drop — 25.0% change
  • 2018-05-07: Highest IV Rank — 100.0%
  • 2018-05-02: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.65$38.35$41.23$40.65$39.84
Max Pain$41.36$40.00$42.50$41.25$40.00
ATM IV25.5%21.3%36.0%30.9%23.7%
Expected Move7.0%6.1%9.1%8.9%6.8%
HV 20d22.7%19.5%25.3%25.3%24.4%
HV 60d28.1%25.9%34.7%34.7%26.1%
IV Rank39.3%13.2%100.0%76.6%27.2%
IV Percentile37.7%6.3%100.0%95.6%23.8%
Term Structure0.6%-4.9%3.1%-3.6%-0.6%
VWIV24.6%21.3%32.8%32.0%23.6%
Skew 25d0.8%-0.3%1.5%1.1%1.2%
Skew 10d1.3%-2.3%2.4%1.9%0.6%
Call IV 25d24.4%21.0%32.7%31.0%23.7%
Put IV 25d25.2%22.2%32.4%32.2%24.9%
Bid-Ask Spread %17.759.1429.1318.7018.06
Gamma HHI0.200.130.310.210.31
Net GEX-358.5K-1.4M923.3K74.9K923.3K
Net DEX21.8M7.2M35.4M12.8M7.2M
Net VEX-286.6K-312.8K-251.6K-304.7K-310.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.641.731.630.64
Total Volume5,792.4554,6707,8625,7827,174
Total OI50,421.36444,98454,12046,22054,120

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-05-01$40.65$41.2530.9%8.9%25.3%76.6%32.0%1.1%-3.6%74.9K12.8M-304.7K1.6318.70N/AN/A2,1963,58623,58222,638
2018-05-02$40.76$41.2531.9%9.1%21.5%82.8%32.8%-0.3%-4.9%11.6K12.7M-310.1K1.7329.13N/AN/A1,9923,45023,65223,848
2018-05-03$41.23$42.5031.8%7.7%21.2%82.6%27.0%0.5%-0.3%179.7K8.7M-312.8K1.3015.38N/AN/A2,0342,63623,70423,960
2018-05-04$40.91$42.5030.6%7.7%21.0%76.2%27.7%0.7%-0.7%15.0K13.0M-305.3K1.1022.75N/AN/A2,3922,63423,81224,072
2018-05-07$40.59$42.5036.0%7.6%21.1%100.0%27.0%0.3%0.1%-60.6K15.3M-297.1K1.0222.05N/AN/A2,5822,64624,16824,240
2018-05-08$41.19$42.5034.8%7.5%20.2%93.2%26.7%1.2%0.2%210.7K9.1M-305.2K1.1525.45N/AN/A2,5142,88024,49024,656
2018-05-09$41.15$42.5026.1%7.5%19.5%41.5%26.3%0.4%0.6%238.5K9.0M-301.4K1.5822.38N/AN/A2,4703,89624,70424,592
2018-05-10$39.24$42.5023.9%6.9%24.8%28.5%24.3%1.3%1.8%-1.2M35.0M-273.3K0.9921.24N/AN/A3,9603,90224,97625,968
2018-05-11$39.84$42.5022.5%6.4%24.1%20.0%23.1%0.6%3.0%-819.7K25.9M-284.7K1.2418.57N/AN/A2,5503,15025,66226,182
2018-05-14$39.94$42.5022.3%6.4%22.6%19.0%22.6%1.2%3.1%-794.7K24.3M-283.1K1.2120.04N/AN/A2,1682,61425,84026,134
2018-05-15$39.08$42.5024.0%6.9%23.4%29.0%24.2%0.9%2.1%-1.4M35.4M-269.2K1.3114.79N/AN/A2,1502,82025,94426,250
2018-05-16$39.09$42.5023.7%6.8%23.2%27.0%23.7%0.4%2.0%-1.4M34.3M-269.4K0.9716.13N/AN/A2,5562,47426,17426,196
2018-05-17$38.96$41.2523.2%6.7%23.1%24.5%23.3%0.7%2.8%-1.4M34.1M-267.3K0.8412.29N/AN/A3,3662,82826,73826,060
2018-05-18$38.99$41.2522.8%6.5%22.8%21.8%22.9%0.3%3.0%-1.4M32.0M-270.0K1.3110.05N/AN/A2,2002,87828,11625,844
2018-05-21$38.35$40.0021.9%6.3%23.2%16.6%22.1%1.1%1.0%-753.8K30.7M-251.6K0.909.14N/AN/A3,6163,25623,11421,870
2018-05-22$38.46$40.0021.5%6.2%23.1%14.1%22.3%1.4%1.2%-566.6K28.6M-261.5K0.9213.46N/AN/A3,0162,76424,38822,210
2018-05-23$38.87$40.0021.4%6.1%23.5%13.7%21.4%0.8%1.4%-58.2K22.7M-286.7K0.9812.72N/AN/A2,9502,88028,81622,318
2018-05-24$38.92$40.0021.7%6.2%23.5%15.4%21.5%1.1%0.6%40.5K21.7M-290.5K1.0519.51N/AN/A2,6342,76029,35022,416
2018-05-25$38.52$40.0021.3%6.1%22.6%13.2%21.3%1.5%1.0%-120.8K25.7M-279.6K0.9022.91N/AN/A3,0842,76229,72622,488
2018-05-29$38.52$40.0023.1%6.6%22.6%23.8%23.1%0.8%0.0%-48.6K25.1M-278.1K0.8811.42N/AN/A3,2922,91230,39222,602
2018-05-30$39.23$40.0022.2%6.4%23.7%18.1%22.0%0.8%0.3%394.7K16.2M-292.6K0.7214.39N/AN/A3,9662,84430,78422,474
2018-05-31$39.84$40.0023.7%6.8%24.4%27.2%23.6%1.2%-0.6%923.3K7.2M-310.0K0.6418.06N/AN/A4,3682,80631,58422,536