GOLD Options History — April 2019

In April 2019, GOLD traded between $6.32 and $6.85. ATM implied volatility averaged 29.1%, placing in the 26.5% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 2.1% (HV 20d: 27.0%). Max pain ranged from $6.50 to $6.50. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.53.

Notable Days

  • 2019-04-02: Highest Volume — 52,952 contracts
  • 2019-04-22: Largest IV spike — 5.4% change
  • 2019-04-24: Highest IV Rank — 34.0%
  • 2019-04-29: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.62$6.32$6.85$6.70$6.36
Max Pain$6.50$6.50$6.50$6.50$6.50
ATM IV29.1%27.2%31.5%28.1%30.3%
Expected Move8.5%7.5%9.8%8.0%9.7%
HV 20d27.0%19.6%31.5%31.5%20.0%
HV 60d30.2%28.4%32.3%32.3%28.7%
IV Rank26.5%20.4%34.0%23.3%30.2%
IV Percentile48.2%34.1%66.7%38.5%57.1%
Term Structure-0.7%-1.9%0.7%-0.7%-1.1%
VWIV29.7%26.4%34.6%27.7%34.6%
Skew 25d0.7%-1.1%2.0%1.5%0.6%
Skew 10d1.1%-8.0%10.7%1.6%-3.3%
Call IV 25d29.5%27.4%31.7%28.5%30.6%
Put IV 25d30.2%27.6%33.0%30.1%31.1%
Bid-Ask Spread %3.012.134.382.813.91
Gamma HHI0.180.150.240.160.22
Net GEX2.5M-1.7M5.4M1.7M4.6M
Net DEX-75.9M-168.6M94.6M-39.6M-104.5M
Net VEX-2.1M-2.6M-1.5M-2.5M-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.131.040.920.35
Total Volume30,670.1913,17652,95250,90813,510
Total OI1,738,466.8571,522,9161,880,4561,768,1781,555,614

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$6.70$6.5028.1%8.0%31.5%23.3%27.7%1.5%-0.7%1.7M-39.6M-2.5M0.922.81N/AN/A26,55224,356982,732785,446
2019-04-02$6.72$6.5028.2%7.9%31.3%23.4%27.3%-0.2%-0.8%2.1M-69.2M-2.6M1.043.47N/AN/A25,92827,024990,664789,990
2019-04-03$6.66$6.5028.3%7.9%30.4%23.9%27.6%-0.5%-0.7%5.4M-168.6M-1.8M0.673.09N/AN/A14,2769,600996,196795,582
2019-04-04$6.76$6.5028.0%7.8%30.4%22.7%27.2%1.3%-0.4%3.0M-118.4M-2.2M0.192.13N/AN/A39,9507,764998,630800,666
2019-04-05$6.74$6.5027.4%7.8%29.6%21.0%26.8%0.8%-0.7%2.4M-52.2M-2.6M0.292.34N/AN/A27,0567,9501,018,580803,710
2019-04-08$6.76$6.5027.4%7.5%28.9%21.1%26.4%0.7%-0.7%3.4M-123.8M-2.3M0.272.29N/AN/A18,8905,0101,023,342799,670
2019-04-09$6.85$6.5027.5%7.7%29.1%21.3%27.0%-0.1%-0.5%5.2M-153.3M-2.3M0.493.45N/AN/A17,2248,5021,032,622800,192
2019-04-10$6.80$6.5027.2%7.7%29.2%20.4%26.8%0.3%-0.7%3.8M-120.9M-2.2M0.652.45N/AN/A24,23815,8141,035,174806,272
2019-04-11$6.72$6.5028.0%8.0%28.7%22.7%27.9%0.9%-0.2%2.4M-64.9M-2.6M0.602.59N/AN/A15,1609,0241,047,502814,598
2019-04-12$6.71$6.5027.8%8.0%28.7%22.2%27.5%1.1%0.7%2.3M-105.6M-2.3M0.632.96N/AN/A15,93210,0601,048,290821,034
2019-04-15$6.83$6.5028.3%8.1%28.7%23.7%28.5%1.5%-0.3%3.9M-123.1M-2.3M0.222.56N/AN/A14,8963,2461,043,058820,810
2019-04-16$6.65$6.5029.3%8.4%30.3%26.9%29.3%0.7%-0.7%30.8K-80.7M-2.2M0.133.48N/AN/A36,5244,8681,046,560822,642
2019-04-17$6.60$6.5030.0%8.6%29.8%29.3%29.8%2.0%-1.9%-1.2M-69.9M-2.2M0.613.08N/AN/A23,87414,6721,056,056821,758
2019-04-18$6.60$6.5029.6%8.6%29.4%28.1%29.8%1.3%-1.0%1.5M-86.3M-2.2M0.502.49N/AN/A26,65213,3901,058,942821,514
2019-04-22$6.49$6.5031.3%9.3%28.1%33.2%33.1%0.7%0.2%1.2M22.5M-2.4M0.732.94N/AN/A19,86414,578874,408648,508
2019-04-23$6.41$6.5031.0%9.2%21.9%32.2%33.3%0.4%-1.2%1.2M-11.3M-2.1M0.442.66N/AN/A14,1946,250883,264655,356
2019-04-24$6.41$6.5031.5%9.3%20.6%34.0%32.8%0.4%-1.6%-1.7M94.6M-1.6M0.532.98N/AN/A17,0069,060885,990658,720
2019-04-25$6.41$6.5030.9%9.5%20.5%31.9%32.9%1.3%-0.1%1.4M-14.0M-2.1M0.694.38N/AN/A14,70010,136891,650663,300
2019-04-26$6.50$6.5030.6%9.2%19.6%31.1%32.3%1.1%-1.5%5.2M-114.7M-1.8M0.513.95N/AN/A15,3947,774894,562666,318
2019-04-29$6.32$6.5031.2%9.8%21.2%33.0%34.3%-1.1%-1.3%4.7M-90.4M-1.5M0.563.30N/AN/A8,4704,706885,198662,684
2019-04-30$6.36$6.5030.3%9.7%20.0%30.2%34.6%0.6%-1.1%4.6M-104.5M-1.5M0.353.91N/AN/A10,0243,486889,858665,756