GOLD Options History — October 2018

In October 2018, GOLD traded between $35.18 and $41.48. ATM implied volatility averaged 35.9%, placing in the 83.4% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded below realized volatility by 3.0% (HV 20d: 38.9%). Max pain ranged from $32.50 to $37.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 1.66.

Notable Days

  • 2018-10-11: Highest Volume — 8,440 contracts
  • 2018-10-31: Largest IV spike — 20.1% change
  • 2018-10-12: Highest IV Rank — 100.0%
  • 2018-10-31: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.50$35.18$41.48$35.18$39.28
Max Pain$35.54$32.50$37.50$32.50$37.50
ATM IV35.9%27.8%43.0%30.5%43.0%
Expected Move10.4%8.2%12.3%8.7%12.3%
HV 20d38.9%29.6%45.6%31.1%43.8%
HV 60d32.6%27.5%36.3%28.0%35.7%
IV Rank83.4%51.7%100.0%67.3%100.0%
IV Percentile93.5%65.1%100.0%92.1%100.0%
Term Structure-3.3%-8.3%3.2%1.1%-7.8%
VWIV37.5%28.7%44.4%31.1%44.3%
Skew 25d1.4%-0.6%7.6%-0.6%1.5%
Skew 10d2.7%0.1%7.5%0.1%7.5%
Call IV 25d36.4%28.7%41.8%30.4%38.3%
Put IV 25d37.8%29.5%46.0%29.7%39.9%
Bid-Ask Spread %28.6518.5167.9628.6867.96
Gamma HHI0.140.120.160.120.13
Net GEX980.6K762.2K1.2M1.0M849.0K
Net DEX-35.8M-76.1M-5.3M-5.3M-30.6M
Net VEX-403.4K-427.8K-378.4K-404.3K-378.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.660.622.821.542.38
Total Volume5,710.874,4048,4406,1484,484
Total OI64,855.65260,32670,22065,31860,746

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-10-01$35.18$32.5030.5%8.7%31.1%67.3%31.1%-0.6%1.1%1.0M-5.3M-404.3K1.5428.68N/AN/A2,4243,72436,90228,416
2018-10-02$36.29$32.5028.6%8.2%30.9%56.3%29.2%0.6%3.2%1.1M-17.4M-414.1K1.4024.89N/AN/A2,6043,64036,96028,588
2018-10-03$36.16$32.5028.6%8.2%31.0%56.6%28.7%0.8%2.5%1.2M-17.1M-414.7K1.2122.73N/AN/A2,9603,58837,23428,532
2018-10-04$36.02$33.7529.8%9.0%30.8%63.2%32.2%1.0%-1.1%1.1M-14.5M-416.7K1.2920.11N/AN/A2,7503,55637,42428,732
2018-10-05$35.63$33.7527.8%8.8%30.7%51.7%31.6%2.2%-1.4%1.2M-10.0M-399.2K1.6524.91N/AN/A2,1483,54237,45428,728
2018-10-08$35.47$33.7530.2%9.3%29.6%65.9%33.4%0.3%-2.7%1.2M-8.2M-393.4K1.7919.71N/AN/A1,8683,35237,34028,760
2018-10-09$35.27$33.7530.6%9.2%29.8%68.2%32.5%0.7%-2.5%1.2M-6.7M-397.7K1.5918.51N/AN/A2,1483,40837,31028,836
2018-10-10$35.67$33.7532.4%9.3%29.8%78.6%33.5%0.7%-2.0%1.2M-11.0M-394.7K1.9534.60N/AN/A1,7763,45837,38028,836
2018-10-11$39.28$33.7534.7%9.9%42.9%92.3%35.1%2.0%-1.6%917.8K-51.7M-415.6K0.6228.49N/AN/A5,2003,24037,37828,854
2018-10-12$38.59$33.7539.0%11.2%44.0%100.0%39.3%0.6%-3.5%1.1M-46.5M-427.8K1.3325.99N/AN/A3,1964,25438,33428,782
2018-10-15$39.63$36.2538.4%11.0%44.3%97.1%39.7%0.5%-2.9%922.5K-57.6M-419.0K1.1620.74N/AN/A2,6623,09838,40229,984
2018-10-16$39.39$36.2536.9%10.6%44.8%89.4%38.1%0.5%-7.7%975.3K-53.3M-408.8K1.3437.09N/AN/A2,5223,38438,43430,084
2018-10-17$39.48$36.2538.7%11.1%44.9%98.4%39.2%1.3%-4.7%870.5K-54.7M-409.1K0.7830.30N/AN/A4,7083,67838,53430,126
2018-10-18$40.88$37.5039.6%11.3%45.6%100.0%41.1%1.3%-4.3%924.3K-73.0M-409.4K1.3624.18N/AN/A2,5323,44639,67230,134
2018-10-19$40.97$37.5038.3%11.0%44.8%94.0%38.6%1.4%-5.0%816.6K-76.1M-403.1K1.2022.09N/AN/A2,5863,10039,95830,262
2018-10-22$40.95$37.5039.4%11.3%39.8%99.1%39.7%2.2%-5.8%864.8K-47.9M-399.6K1.7922.39N/AN/A1,7643,16033,55026,776
2018-10-23$41.48$37.5040.4%11.6%39.6%100.0%41.5%0.9%-5.0%824.7K-52.2M-401.1K1.6120.58N/AN/A1,8663,00433,59627,028
2018-10-24$41.04$37.5042.6%12.2%39.7%100.0%44.4%2.5%-8.3%848.0K-47.9M-396.5K2.2121.70N/AN/A1,3863,07033,74626,910
2018-10-25$39.26$37.5040.2%11.5%43.9%89.5%41.6%1.5%-4.9%762.2K-30.5M-401.0K2.2432.03N/AN/A1,3903,11233,72826,980
2018-10-26$40.16$37.5040.0%11.5%44.3%88.6%41.2%-0.3%-4.9%833.9K-40.0M-397.1K2.3920.87N/AN/A1,3663,26833,81826,936
2018-10-29$39.73$37.5040.8%11.7%44.6%92.0%42.2%1.9%-4.9%854.4K-36.3M-391.2K2.4532.44N/AN/A1,3103,21433,97026,854
2018-10-30$39.63$37.5035.8%10.3%43.7%71.1%43.8%7.6%-0.6%898.7K-35.6M-386.1K2.8257.96N/AN/A1,1543,25033,93026,742
2018-10-31$39.28$37.5043.0%12.3%43.8%100.0%44.3%1.5%-7.8%849.0K-30.6M-378.4K2.3867.96N/AN/A1,3283,15634,01826,728