GOLD Options History — May 2019

In May 2019, GOLD traded between $5.85 and $6.37. ATM implied volatility averaged 30.3%, placing in the 30.2% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 8.7% (HV 20d: 21.6%). Max pain ranged from $6.50 to $6.50. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.51.

Notable Days

  • 2019-05-31: Highest Volume — 73,024 contracts
  • 2019-05-08: Largest IV drop — 9.2% change
  • 2019-05-07: Highest IV Rank — 43.8%
  • 2019-05-02: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.12$5.85$6.37$6.29$6.21
Max Pain$6.50$6.50$6.50$6.50$6.50
ATM IV30.3%27.7%34.6%32.1%31.7%
Expected Move9.0%8.2%10.8%10.0%9.3%
HV 20d21.6%19.0%29.5%20.0%29.5%
HV 60d27.0%24.8%28.7%28.6%26.9%
IV Rank30.2%21.8%43.8%35.9%34.4%
IV Percentile55.5%35.7%81.7%69.4%66.3%
Term Structure-0.2%-2.2%2.6%-0.9%-0.5%
VWIV31.7%28.7%37.8%35.8%33.5%
Skew 25d1.3%0.1%2.8%1.0%1.7%
Skew 10d3.4%-0.7%12.9%6.3%6.0%
Call IV 25d30.4%27.4%33.7%31.4%31.7%
Put IV 25d31.6%28.4%36.3%32.4%33.3%
Bid-Ask Spread %6.342.5568.454.823.03
Gamma HHI0.170.140.310.150.14
Net GEX345.3K-4.8M4.5M700.1K1.6M
Net DEX35.3M-77.2M185.6M16.6M-1.0M
Net VEX-1.8M-2.1M-1.3M-2.1M-2.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.240.860.360.69
Total Volume30,229.63610,76673,02426,18073,024
Total OI1,573,9251,522,0441,615,9581,561,2421,615,958

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$6.29$6.5032.1%10.0%20.0%35.9%35.8%1.0%-0.9%700.1K16.6M-2.1M0.364.82N/AN/A19,3146,866893,784667,458
2019-05-02$6.26$6.5032.2%10.8%19.9%36.1%37.8%1.1%-1.8%418.5K19.6M-2.1M0.496.33N/AN/A14,1666,876899,452670,514
2019-05-03$6.30$6.5032.1%10.7%19.0%35.8%37.8%2.7%-0.8%4.0M-74.5M-1.5M0.603.77N/AN/A12,4867,444900,744672,844
2019-05-06$6.30$6.5032.5%9.0%19.0%37.0%31.6%1.3%-0.0%823.6K9.1M-2.0M0.362.72N/AN/A7,9282,838894,766670,838
2019-05-07$6.37$6.5034.6%9.6%19.6%43.8%33.7%2.6%-2.2%1.4M-6.5M-2.1M0.863.61N/AN/A13,37411,496899,236672,166
2019-05-08$6.28$6.5031.4%9.2%19.0%33.7%33.0%1.7%-0.4%4.5M-77.2M-1.4M0.424.86N/AN/A23,3249,768905,264680,642
2019-05-09$6.20$6.5030.8%9.2%19.2%31.7%32.0%0.3%-1.9%62.7K32.2M-2.0M0.773.11N/AN/A19,00414,606907,604681,616
2019-05-10$6.01$6.5029.8%8.7%21.0%28.7%31.2%1.3%0.8%-1.5M69.6M-1.9M0.423.43N/AN/A16,2846,862905,100685,066
2019-05-13$6.16$6.5030.6%9.4%23.4%31.2%32.1%0.9%2.6%-291.5K49.4M-1.9M0.623.45N/AN/A21,99413,584894,858678,358
2019-05-14$6.23$6.5029.6%8.8%22.9%28.1%30.5%0.1%1.3%3.9M-72.7M-1.4M0.8468.45N/AN/A24,97020,978917,366686,556
2019-05-15$6.24$6.5028.4%8.5%21.5%24.1%29.6%1.2%0.9%535.6K29.0M-1.9M0.482.61N/AN/A9,2284,394916,986684,654
2019-05-16$6.09$6.5027.8%8.3%22.7%22.2%29.5%0.2%1.9%-4.8M185.6M-1.3M0.242.73N/AN/A19,1244,620918,800686,428
2019-05-17$6.09$6.5027.7%8.2%22.7%21.8%28.7%1.4%1.5%-255.1K59.8M-1.8M0.482.71N/AN/A16,0307,710927,078686,766
2019-05-20$6.09$6.5029.4%8.5%22.2%27.5%29.6%1.8%-0.4%486.9K29.9M-1.8M0.292.55N/AN/A8,4422,474870,118651,926
2019-05-21$6.07$6.5028.8%8.3%21.9%25.5%29.5%1.8%-0.0%36.6K47.7M-1.8M0.322.97N/AN/A19,8246,326873,532653,422
2019-05-22$5.95$6.5028.8%8.3%22.7%25.6%28.8%1.4%0.0%-527.6K72.5M-1.7M0.262.91N/AN/A18,8164,882877,318656,444
2019-05-23$6.01$6.5029.0%8.3%23.2%26.2%30.5%0.4%-0.1%-141.6K62.7M-1.8M0.642.74N/AN/A15,69610,066882,952657,042
2019-05-24$5.95$6.5029.7%8.6%22.5%28.2%30.3%1.0%-0.7%-628.8K74.2M-1.8M0.353.07N/AN/A22,9847,960887,536663,744
2019-05-28$5.85$6.5030.2%8.6%21.4%29.9%29.9%2.8%-0.6%-1.1M91.0M-1.7M0.473.67N/AN/A19,8789,440888,080662,812
2019-05-29$5.88$6.5030.0%8.5%21.3%29.3%31.6%0.6%-0.4%-1.0M86.3M-1.7M0.433.08N/AN/A43,52818,916898,654670,396
2019-05-30$5.88$6.5029.7%8.4%21.2%28.3%30.1%0.5%-1.6%-588.3K72.6M-1.8M0.742.91N/AN/A27,24020,288934,676676,796
2019-05-31$6.21$6.5031.7%9.3%29.5%34.4%33.5%1.7%-0.5%1.6M-1.0M-2.0M0.693.03N/AN/A43,30029,724943,906672,052