GOLD Options History — June 2019

In June 2019, GOLD traded between $6.54 and $8.11. ATM implied volatility averaged 30.6%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 1.4% (HV 20d: 32.0%). Max pain ranged from $6.50 to $6.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.47.

Notable Days

  • 2019-06-25: Highest Volume — 238,814 contracts
  • 2019-06-24: Largest IV spike — 9.7% change
  • 2019-06-24: Highest IV Rank — 37.8%
  • 2019-06-03: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.22$6.54$8.11$6.54$7.88
Max Pain$6.50$6.50$6.50$6.50$6.50
ATM IV30.6%27.5%33.3%32.3%32.5%
Expected Move8.7%7.9%9.8%9.8%8.7%
HV 20d32.0%29.5%34.8%34.5%29.6%
HV 60d28.2%26.2%28.7%28.7%28.3%
IV Rank30.3%18.9%37.8%36.6%35.0%
IV Percentile54.6%26.6%75.8%69.8%69.0%
Term Structure0.6%-1.0%3.4%0.5%1.3%
VWIV30.9%27.4%35.2%34.1%30.6%
Skew 25d0.7%-0.9%1.8%0.0%-0.3%
Skew 10d2.1%-1.8%5.9%1.2%0.0%
Call IV 25d31.1%27.6%34.7%32.0%33.3%
Put IV 25d31.8%28.1%36.0%32.1%33.0%
Bid-Ask Spread %3.302.225.605.242.45
Gamma HHI0.190.140.300.160.16
Net GEX6.5M3.0M9.9M3.0M6.4M
Net DEX-242.8M-446.0M-78.3M-78.3M-367.4M
Net VEX-2.2M-2.4M-2.1M-2.1M-2.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.121.500.240.99
Total Volume77,446.821,890238,81466,90856,136
Total OI1,736,080.11,626,1781,855,7181,626,1781,830,352

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-06-03$6.54$6.5032.3%9.8%34.5%36.6%34.1%0.0%0.5%3.0M-78.3M-2.1M0.245.24N/AN/A53,81413,094940,558685,620
2019-06-04$6.59$6.5031.9%9.4%34.6%35.3%33.1%1.5%-0.6%3.8M-85.0M-2.1M0.303.55N/AN/A38,24211,372959,034690,120
2019-06-05$6.62$6.5032.0%9.6%34.5%35.6%33.3%1.2%-0.4%4.2M-92.6M-2.1M1.504.19N/AN/A30,60645,970969,252692,072
2019-06-06$6.78$6.5030.3%8.8%34.8%30.1%30.7%0.0%-0.4%5.7M-142.1M-2.2M0.263.51N/AN/A42,98611,052990,132704,210
2019-06-07$6.79$6.5030.0%8.5%34.2%29.1%30.3%0.6%0.1%6.1M-147.0M-2.2M0.403.20N/AN/A34,69813,9801,000,670708,028
2019-06-10$6.72$6.5030.8%8.5%32.3%31.7%29.6%1.1%-1.0%5.3M-120.4M-2.1M0.212.36N/AN/A18,1363,754996,896706,766
2019-06-11$6.78$6.5029.0%8.3%31.6%25.9%29.2%0.7%0.2%5.8M-133.0M-2.1M0.472.60N/AN/A15,1767,098998,232708,330
2019-06-12$6.87$6.5028.8%8.1%31.6%25.5%29.4%1.5%-0.6%6.7M-161.3M-2.1M0.122.22N/AN/A34,3204,2361,004,280713,138
2019-06-13$6.92$6.5027.8%7.9%31.6%22.2%28.0%1.4%-0.4%7.8M-186.7M-2.1M0.412.49N/AN/A29,92412,3021,023,812714,138
2019-06-14$6.96$6.5028.8%8.1%29.8%25.4%28.9%0.2%-0.9%8.1M-188.0M-2.1M0.262.66N/AN/A48,39412,6101,014,084720,882
2019-06-17$7.08$6.5029.1%8.3%29.9%26.3%29.5%1.7%1.5%7.9M-218.5M-2.1M0.182.25N/AN/A43,9148,0661,010,046723,056
2019-06-18$7.17$6.5028.4%8.1%29.8%24.2%28.4%0.8%1.7%9.2M-248.8M-2.1M0.254.99N/AN/A48,51011,9361,013,226724,812
2019-06-19$7.24$6.5027.5%7.9%29.5%18.9%27.4%0.4%0.6%9.4M-269.4M-2.1M0.774.42N/AN/A35,28827,1261,015,338727,856
2019-06-20$7.65$6.5030.1%8.6%31.9%27.3%30.3%0.6%1.0%9.9M-389.5M-2.1M0.245.60N/AN/A122,19029,0441,020,894745,104
2019-06-21$7.82$6.5030.4%8.6%32.0%28.2%30.1%-0.9%1.2%6.4M-446.0M-2.1M0.712.99N/AN/A89,86664,0041,052,212760,614
2019-06-24$8.11$6.5033.3%9.5%31.8%37.8%34.5%0.9%1.2%6.1M-421.6M-2.2M0.372.47N/AN/A111,96641,308961,812753,420
2019-06-25$8.03$6.5033.3%9.3%30.9%37.8%35.2%1.8%3.4%5.9M-395.3M-2.3M0.163.27N/AN/A206,07832,736987,224780,368
2019-06-26$7.95$6.5033.2%9.1%32.1%37.5%32.4%0.2%1.4%6.7M-384.5M-2.4M0.522.99N/AN/A45,12823,6561,032,326786,970
2019-06-27$7.87$6.5032.5%8.9%33.0%35.1%32.4%0.6%1.7%6.5M-380.3M-2.4M1.022.57N/AN/A34,81635,4041,061,340794,378
2019-06-28$7.88$6.5032.5%8.7%29.6%35.0%30.6%-0.3%1.3%6.4M-367.4M-2.4M0.992.45N/AN/A28,19027,9461,039,380790,972