GOLD Options History — July 2019

In July 2019, GOLD traded between $7.46 and $8.68. ATM implied volatility averaged 33.4%, placing in the 37.4% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 2.6% (HV 20d: 35.9%). Max pain ranged from $6.50 to $8.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.43.

Notable Days

  • 2019-07-18: Highest Volume — 217,052 contracts
  • 2019-07-31: Largest IV spike — 9.1% change
  • 2019-07-31: Highest IV Rank — 47.9%
  • 2019-07-31: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.27$7.46$8.68$7.46$8.14
Max Pain$7.73$6.50$8.00$6.50$8.00
ATM IV33.4%31.1%36.7%31.1%36.7%
Expected Move9.4%7.6%10.8%7.6%10.8%
HV 20d35.9%27.0%40.8%34.6%27.9%
HV 60d31.9%30.5%33.4%30.5%33.4%
IV Rank37.4%30.5%47.9%30.5%47.9%
IV Percentile73.0%58.3%89.3%58.3%89.3%
Term Structure-0.1%-1.4%1.2%-0.3%-1.4%
VWIV33.2%26.8%37.7%27.1%37.7%
Skew 25d0.1%-1.2%1.4%1.1%-1.2%
Skew 10d0.6%-2.7%4.4%4.4%-2.7%
Call IV 25d34.2%31.9%36.9%32.6%36.9%
Put IV 25d34.3%32.1%35.8%33.7%35.7%
Bid-Ask Spread %3.472.438.163.733.46
Gamma HHI0.170.130.200.160.13
Net GEX8.0M5.3M12.2M5.3M6.5M
Net DEX-426.4M-565.0M-242.3M-242.3M-319.0M
Net VEX-2.4M-2.6M-2.3M-2.3M-2.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.141.160.700.26
Total Volume67,376.72722,492217,05299,36686,166
Total OI1,855,675.8181,741,3262,008,7561,792,1301,888,042

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$7.46$6.5031.1%7.6%34.6%30.5%27.1%1.1%-0.3%5.3M-242.3M-2.3M0.703.73N/AN/A58,38240,9841,013,632778,498
2019-07-02$7.83$7.0031.4%7.7%37.5%31.4%27.2%0.5%0.2%6.6M-346.4M-2.3M0.434.02N/AN/A44,56218,9601,030,410793,978
2019-07-03$7.91$7.0031.9%7.6%37.4%33.1%26.8%0.3%0.5%8.1M-370.9M-2.4M0.443.24N/AN/A29,38212,9521,048,248800,302
2019-07-05$7.92$7.5033.1%9.5%37.1%37.2%33.6%1.3%-0.1%8.1M-370.9M-2.4M0.443.09N/AN/A43,72619,2901,050,882804,574
2019-07-08$7.96$7.5033.5%9.5%37.0%38.3%33.3%0.7%-0.5%7.0M-377.5M-2.3M0.303.39N/AN/A17,3165,1761,038,082804,688
2019-07-09$8.01$7.5033.7%9.6%36.4%39.2%34.1%0.0%0.2%7.1M-392.3M-2.3M0.343.64N/AN/A34,59011,7001,041,168808,326
2019-07-10$8.27$7.5034.2%9.5%37.3%40.7%33.7%0.2%-1.4%7.9M-463.6M-2.3M0.338.16N/AN/A52,24817,2021,051,814811,640
2019-07-11$8.20$7.5032.6%9.5%37.8%35.3%33.4%1.0%0.7%8.4M-448.1M-2.3M0.203.28N/AN/A90,20218,2981,061,548818,768
2019-07-12$8.24$8.0031.8%9.3%37.8%32.7%32.7%0.2%1.2%12.2M-461.5M-2.3M0.453.93N/AN/A21,7309,6701,082,404827,638
2019-07-15$8.16$8.0032.4%9.4%38.4%33.6%32.3%1.4%0.7%7.1M-427.6M-2.3M0.232.95N/AN/A31,5967,2781,064,486822,444
2019-07-16$8.07$8.0032.8%9.4%38.8%34.9%32.8%1.1%-0.2%6.9M-405.0M-2.3M0.682.62N/AN/A30,10220,3941,077,420825,964
2019-07-17$8.36$8.0033.7%9.7%40.0%37.9%34.1%-0.8%-0.5%8.2M-487.3M-2.3M0.243.67N/AN/A48,13211,6661,087,004834,492
2019-07-18$8.61$8.0034.4%9.8%40.8%40.2%34.6%-1.0%0.2%8.8M-555.3M-2.3M0.215.01N/AN/A179,39237,6601,096,970840,232
2019-07-19$8.62$8.0033.6%9.6%36.8%37.7%33.9%-0.8%0.4%8.1M-565.0M-2.4M0.652.70N/AN/A65,35442,2201,143,734865,022
2019-07-22$8.68$8.0034.2%9.6%36.4%39.6%34.1%0.5%0.1%8.5M-474.6M-2.4M0.752.91N/AN/A27,08020,3041,006,794734,532
2019-07-23$8.64$8.0035.1%10.0%34.5%42.6%35.6%-0.4%0.1%8.2M-463.5M-2.4M0.302.43N/AN/A52,04615,4081,013,796744,470
2019-07-24$8.67$8.0034.3%9.6%34.2%39.9%33.9%-0.7%0.0%8.4M-468.5M-2.4M0.303.34N/AN/A36,09210,7521,026,786751,478
2019-07-25$8.53$8.0034.2%9.9%34.6%39.8%35.3%0.2%-0.1%8.2M-432.3M-2.5M0.682.90N/AN/A27,77818,9061,046,296756,816
2019-07-26$8.53$8.0033.2%9.5%34.2%36.5%33.6%-1.2%0.1%9.4M-438.3M-2.5M1.162.43N/AN/A43,08050,0381,057,366760,734
2019-07-29$8.59$8.0033.1%9.9%34.3%36.2%34.6%1.0%-0.9%8.1M-446.2M-2.5M0.242.99N/AN/A24,0185,7201,060,374790,856
2019-07-30$8.49$8.0033.6%10.3%27.0%37.7%36.1%-1.2%-1.1%8.0M-423.7M-2.5M0.142.46N/AN/A39,1265,6101,069,580792,580
2019-07-31$8.14$8.0036.7%10.8%27.9%47.9%37.7%-1.2%-1.4%6.5M-319.0M-2.6M0.263.46N/AN/A68,19417,9721,092,728795,314