GOLD Options History — February 2019

In February 2019, GOLD traded between $6.24 and $6.86. ATM implied volatility averaged 31.0%, placing in the 32.3% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded below realized volatility by 0.2% (HV 20d: 31.2%). Max pain ranged from $6.50 to $6.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.64.

Notable Days

  • 2019-02-08: Highest Volume — 157,106 contracts
  • 2019-02-13: Largest IV drop — 14.3% change
  • 2019-02-01: Highest IV Rank — 41.0%
  • 2019-02-12: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.57$6.24$6.86$6.59$6.31
Max Pain$6.50$6.50$6.50$6.50$6.50
ATM IV31.0%28.1%33.7%33.7%30.3%
Expected Move8.9%8.0%9.6%9.6%8.7%
HV 20d31.2%27.2%36.8%33.3%32.3%
HV 60d382.0%381.9%382.2%381.9%381.9%
IV Rank32.3%23.3%41.0%41.0%30.2%
IV Percentile60.7%38.1%76.6%76.6%57.5%
Term Structure0.1%-2.2%1.4%0.4%-0.7%
VWIV31.4%28.3%34.1%34.1%29.1%
Skew 25d0.5%-0.8%2.9%0.8%1.5%
Skew 10d2.1%-1.7%19.3%19.3%2.0%
Call IV 25d31.7%28.7%34.2%33.8%30.0%
Put IV 25d32.1%29.3%34.7%34.7%31.5%
Bid-Ask Spread %4.813.447.705.013.67
Gamma HHI0.150.130.230.130.16
Net GEX2.6M1.0M5.0M2.9M1.3M
Net DEX-93.9M-169.5M-20.0M-131.8M-25.2M
Net VEX-2.2M-2.4M-1.4M-2.4M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.162.010.690.71
Total Volume49,308.63217,574157,10644,47619,332
Total OI1,566,743.8951,468,9041,657,9861,496,0441,657,986

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$6.59$6.5033.7%9.6%33.3%41.0%34.1%0.8%0.4%2.9M-131.8M-2.4M0.695.01N/AN/A26,35018,126847,562648,482
2019-02-04$6.66$6.5032.9%9.5%33.4%38.3%33.7%0.2%0.3%2.8M-99.2M-2.4M0.884.17N/AN/A10,9609,622842,852653,516
2019-02-05$6.66$6.5032.5%9.4%32.8%37.0%32.9%1.2%0.3%2.9M-100.2M-2.4M0.444.95N/AN/A16,8067,452847,822661,962
2019-02-06$6.62$6.5031.4%9.3%27.3%33.7%32.7%-0.2%1.1%2.8M-93.4M-2.4M1.024.79N/AN/A8,7068,868848,510670,554
2019-02-07$6.67$6.5031.9%9.4%27.2%35.2%33.2%0.2%1.4%2.6M-84.1M-2.4M1.134.83N/AN/A10,83412,238849,926677,272
2019-02-08$6.83$6.5032.5%9.5%27.8%37.0%33.5%-0.8%0.9%3.2M-126.8M-2.4M0.163.78N/AN/A135,02422,082852,516678,554
2019-02-11$6.74$6.5032.8%9.4%28.6%38.0%33.2%-0.7%-0.2%4.1M-150.3M-2.1M0.244.59N/AN/A21,3665,050857,978693,132
2019-02-12$6.68$6.5033.6%9.6%28.0%40.5%34.0%0.2%-0.9%3.6M-138.9M-2.1M2.015.15N/AN/A21,15442,594856,662695,626
2019-02-13$6.45$6.5028.7%8.2%27.9%25.2%29.2%0.1%1.3%1.3M-60.3M-2.0M0.676.06N/AN/A28,97019,308862,394729,780
2019-02-14$6.46$6.5028.8%8.2%27.9%25.6%29.3%-0.2%1.2%1.4M-51.6M-2.3M0.357.70N/AN/A20,1407,028869,242725,224
2019-02-15$6.47$6.5028.1%8.0%27.8%23.3%28.3%0.5%0.6%5.0M-147.6M-1.4M0.414.19N/AN/A31,80213,124872,790724,200
2019-02-19$6.79$6.5030.3%8.7%31.4%30.1%30.8%0.4%-0.9%2.8M-141.4M-2.1M0.334.73N/AN/A78,41026,094807,956660,948
2019-02-20$6.86$6.5029.6%8.5%31.3%27.9%30.0%-0.1%-0.2%4.0M-169.5M-2.1M0.765.07N/AN/A77,09458,580849,648676,210
2019-02-21$6.63$6.5030.2%8.6%34.4%29.8%30.0%1.2%-2.2%3.1M-114.4M-2.2M0.505.66N/AN/A20,52010,324895,192718,618
2019-02-22$6.51$6.5030.1%8.5%35.5%29.6%29.6%2.1%-0.8%1.8M-78.3M-2.2M0.494.38N/AN/A40,64620,024897,812722,446
2019-02-25$6.29$6.5030.6%8.8%36.8%31.1%31.4%-0.8%-0.1%1.2M-31.2M-2.1M0.615.22N/AN/A19,23211,736900,198723,492
2019-02-26$6.29$6.5030.3%8.8%36.6%30.3%30.6%0.6%-0.6%1.1M-20.0M-2.1M0.283.44N/AN/A26,8907,522907,334731,328
2019-02-27$6.24$6.5030.0%8.7%32.4%29.3%30.6%2.9%0.9%1.0M-20.6M-2.1M0.434.09N/AN/A15,9566,900919,052733,358
2019-02-28$6.31$6.5030.3%8.7%32.3%30.2%29.1%1.5%-0.7%1.3M-25.2M-2.1M0.713.67N/AN/A11,2848,048923,286734,700