GOLD Options History — January 2019

In January 2019, GOLD traded between $5.89 and $6.67. ATM implied volatility averaged 34.3%, placing in the 43.3% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded below realized volatility by 624.4% (HV 20d: 658.7%). Max pain ranged from $6.50 to $6.50. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.78.

Notable Days

  • 2019-01-29: Highest Volume — 103,028 contracts
  • 2019-01-04: Largest IV drop — 9.9% change
  • 2019-01-03: Highest IV Rank — 56.9%
  • 2019-01-30: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.19$5.89$6.67$6.51$6.67
Max Pain$6.50$6.50$6.50$6.50$6.50
ATM IV34.3%31.2%38.4%38.4%35.4%
Expected Move10.2%9.0%11.3%11.0%9.9%
HV 20d658.7%657.2%660.8%660.8%660.0%
HV 60d382.2%381.7%383.0%382.9%382.3%
IV Rank43.3%33.1%56.9%56.9%46.1%
IV Percentile81.1%67.9%91.7%91.7%84.1%
Term Structure0.2%-2.6%3.7%0.9%-1.7%
VWIV36.1%32.0%39.6%38.7%34.8%
Skew 25d-0.6%-8.7%2.2%-0.9%1.7%
Skew 10d-0.3%-14.4%13.1%-12.3%2.2%
Call IV 25d34.9%31.2%38.6%37.3%34.6%
Put IV 25d34.2%27.6%38.0%36.3%36.3%
Bid-Ask Spread %36.643.7092.4120.234.54
Gamma HHI0.180.130.290.260.13
Net GEX-91.9K-3.9M3.0M03.0M
Net DEX66.9M-121.9M237.4M0-121.9M
Net VEX-1.7M-2.4M00-2.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.262.080.290.47
Total Volume47,707.512,918103,02812,91876,270
Total OI2,251,744.703,129,09201,463,020

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-03$6.51$0.0038.4%11.0%660.8%56.9%38.7%-0.9%0.9%0000.2920.23N/AN/A10,0262,89200
2019-01-04$6.57$6.5034.6%10.8%660.6%45.2%38.2%0.1%-0.3%-2.8M115.0M-2.4M0.4551.03N/AN/A16,7047,4641,817,9461,251,112
2019-01-07$6.46$6.5034.4%10.8%660.1%44.6%37.7%0.7%3.7%-3.9M164.6M-2.3M1.2292.05N/AN/A10,49812,7561,813,2721,244,248
2019-01-08$6.16$6.5035.9%10.7%659.5%49.3%37.7%-8.7%1.4%-955.4K130.8M-1.4M0.6785.54N/AN/A26,28617,5421,816,6501,247,076
2019-01-09$6.22$6.5035.5%10.7%659.3%48.1%38.5%-6.5%1.9%-1.3M108.9M-1.4M0.5192.41N/AN/A20,90010,6641,829,9241,255,982
2019-01-10$6.19$6.5034.8%10.7%658.8%45.9%37.3%-0.3%3.3%-1.1M123.4M-1.3M1.8367.52N/AN/A17,16631,4501,836,7841,249,642
2019-01-11$6.24$6.5034.6%10.7%658.6%43.7%37.3%-0.5%3.4%-3.9M179.2M-2.3M0.9275.85N/AN/A20,55018,8481,841,8341,245,760
2019-01-14$6.14$6.5035.9%10.5%658.5%47.9%36.9%-0.1%-1.4%-623.0K155.9M-1.3M1.1578.96N/AN/A19,11022,0001,834,9641,237,414
2019-01-15$5.92$6.5035.9%10.4%657.4%48.0%36.8%-1.2%-0.6%-560.8K237.4M-1.5M0.2680.13N/AN/A38,5129,9621,841,2841,248,802
2019-01-16$5.93$6.5035.4%10.1%657.2%46.1%34.8%-0.4%-0.9%-311.8K208.6M-1.5M0.297.34N/AN/A66,57819,4781,863,7981,221,360
2019-01-17$5.92$6.5033.9%9.7%657.7%41.4%34.2%-0.4%-1.0%-14.7K202.8M-1.5M0.4721.66N/AN/A21,58010,1881,912,8501,216,242
2019-01-18$5.90$6.5031.2%9.0%657.7%33.1%32.0%0.2%-0.0%1.8M218.8M-1.4M0.7021.64N/AN/A58,86841,1141,918,4421,205,116
2019-01-22$5.89$6.5033.9%9.7%657.3%41.4%34.6%-0.9%-2.1%675.3K-33.0M-1.6M0.876.79N/AN/A28,25624,612741,742590,910
2019-01-23$5.89$6.5033.3%9.5%658.2%39.5%33.7%0.1%-2.6%601.4K-20.9M-1.6M2.083.98N/AN/A14,46630,162760,588599,092
2019-01-24$5.92$6.5031.3%9.3%657.4%33.4%32.7%2.2%1.1%1.2M-41.2M-1.6M1.204.65N/AN/A9,23011,072762,142605,368
2019-01-25$6.12$6.5031.2%9.4%658.5%33.1%33.2%-0.1%-0.3%629.3K-63.7M-2.2M0.654.68N/AN/A29,53019,182762,442606,644
2019-01-28$6.17$6.5031.9%9.8%657.8%35.1%35.3%0.6%0.1%840.1K-68.9M-2.2M0.563.70N/AN/A12,3626,886758,392603,516
2019-01-29$6.47$6.5034.3%10.6%659.0%42.9%37.8%1.2%-0.7%2.0M-60.5M-2.2M0.295.43N/AN/A80,01423,014776,962607,120
2019-01-30$6.55$6.5034.9%11.3%659.1%44.7%39.6%0.7%-0.3%2.9M-97.8M-2.3M0.704.76N/AN/A34,09823,860821,128625,326
2019-01-31$6.67$6.5035.4%9.9%660.0%46.1%34.8%1.7%-1.7%3.0M-121.9M-2.4M0.474.54N/AN/A51,76224,508822,516640,504