GOLD Options History — August 2019

In August 2019, GOLD traded between $8.46 and $9.96. ATM implied volatility averaged 37.3%, placing in the 49.6% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 6.7% (HV 20d: 30.6%). Max pain ranged from $7.50 to $8.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.39.

Notable Days

  • 2019-08-27: Highest Volume — 319,096 contracts
  • 2019-08-23: Largest IV spike — 14.0% change
  • 2019-08-07: Highest IV Rank — 72.2%
  • 2019-08-07: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.21$8.46$9.96$8.48$9.67
Max Pain$8.02$7.50$8.50$8.00$8.50
ATM IV37.3%31.1%44.0%37.9%34.0%
Expected Move10.6%8.9%12.5%11.3%9.5%
HV 20d30.6%24.9%33.9%31.0%25.6%
HV 60d32.9%30.6%34.5%34.2%31.2%
IV Rank49.6%28.5%72.2%52.0%38.3%
IV Percentile82.1%44.8%98.8%90.9%71.0%
Term Structure-0.1%-1.3%1.4%-1.3%-0.2%
VWIV37.5%31.0%44.1%40.0%33.4%
Skew 25d-0.6%-1.6%0.8%0.8%-1.1%
Skew 10d-1.4%-4.2%0.9%0.9%-2.0%
Call IV 25d38.5%31.5%45.6%38.1%35.1%
Put IV 25d37.8%31.5%44.4%38.8%34.1%
Bid-Ask Spread %2.731.774.714.713.01
Gamma HHI0.140.120.180.140.16
Net GEX9.5M7.7M12.4M8.4M9.2M
Net DEX-608.7M-831.3M-418.6M-421.4M-659.1M
Net VEX-2.6M-2.8M-2.5M-2.6M-2.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.130.920.440.28
Total Volume95,693.81835,846319,09684,37657,130
Total OI2,067,936.9091,929,1242,397,2561,929,1242,397,256

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$8.48$8.0037.9%11.3%31.0%52.0%40.0%0.8%-1.3%8.4M-421.4M-2.6M0.444.71N/AN/A58,78425,5921,126,198802,926
2019-08-02$8.46$8.0038.1%11.7%31.1%52.8%41.1%-1.5%-1.0%9.3M-418.6M-2.7M0.412.18N/AN/A30,38012,4341,151,642818,642
2019-08-05$8.81$7.5043.4%12.0%33.8%70.2%42.8%-1.1%-0.5%7.7M-505.2M-2.7M0.203.78N/AN/A76,35415,2481,122,478813,904
2019-08-06$8.78$8.0041.5%11.7%33.9%63.8%41.2%-1.1%-0.6%8.2M-494.5M-2.6M0.922.68N/AN/A33,06630,3961,139,862820,752
2019-08-07$9.02$8.0044.0%12.5%33.5%72.2%44.1%-1.2%-0.7%8.4M-555.3M-2.7M0.503.86N/AN/A77,44639,0361,143,008836,726
2019-08-08$9.07$8.0041.0%11.5%33.2%62.1%40.4%-1.4%0.1%8.7M-574.8M-2.6M0.343.24N/AN/A39,84213,6301,154,176848,634
2019-08-09$9.08$8.0040.1%11.4%33.2%59.1%40.9%-1.6%-0.0%8.4M-583.8M-2.6M0.412.13N/AN/A45,52018,5641,161,276856,696
2019-08-12$9.02$8.0038.8%11.1%33.0%54.8%39.4%-0.4%-0.0%8.4M-555.3M-2.6M0.322.41N/AN/A96,11830,3261,154,536850,906
2019-08-13$9.08$8.0038.7%10.8%32.5%54.5%38.4%0.0%-1.3%8.9M-575.6M-2.7M0.182.96N/AN/A100,45618,1261,178,908858,942
2019-08-14$9.10$8.0040.4%11.4%30.7%60.1%40.8%-1.1%-0.8%9.4M-596.6M-2.8M0.132.66N/AN/A49,8006,6541,218,040863,426
2019-08-15$9.16$8.0038.1%10.9%29.1%52.0%38.9%-0.8%-0.2%10.3M-616.1M-2.7M0.193.17N/AN/A39,1847,3201,227,894863,552
2019-08-16$9.18$8.0035.1%10.0%29.1%42.0%34.9%-0.4%-0.8%10.2M-619.8M-2.6M0.492.79N/AN/A36,68017,8461,213,470866,720
2019-08-19$9.06$8.0033.3%9.5%29.6%35.8%33.6%0.0%0.8%8.9M-558.8M-2.6M0.262.36N/AN/A49,34212,7621,162,634839,634
2019-08-20$9.32$8.0033.0%9.5%30.9%35.0%33.4%0.2%1.0%9.6M-625.4M-2.5M0.221.77N/AN/A54,13811,6821,165,836842,388
2019-08-21$9.32$8.0031.2%9.0%30.9%28.9%31.4%-0.7%1.4%9.9M-639.6M-2.5M0.601.97N/AN/A22,36613,4801,180,242847,232
2019-08-22$9.38$8.0031.1%8.9%29.9%28.5%31.0%-0.1%1.1%10.6M-654.4M-2.5M0.322.43N/AN/A33,53410,7601,191,700851,010
2019-08-23$9.58$8.0035.4%10.2%30.4%43.1%35.8%-0.8%0.1%10.7M-716.4M-2.5M0.662.67N/AN/A86,74256,9641,204,960856,560
2019-08-26$9.60$8.0035.9%10.1%30.5%44.8%35.4%-0.3%-0.2%10.4M-714.5M-2.6M0.372.67N/AN/A30,36411,2641,225,424877,124
2019-08-27$9.90$8.0038.5%11.0%31.1%53.4%38.6%-1.0%0.2%9.9M-792.3M-2.6M0.212.23N/AN/A262,82056,2761,235,272881,912
2019-08-28$9.96$8.0037.1%10.6%24.9%48.6%36.9%0.2%-0.1%12.4M-831.3M-2.7M0.392.17N/AN/A158,17462,0281,404,136916,760
2019-08-29$9.68$8.5034.0%9.3%25.6%38.3%32.7%-0.4%0.8%11.4M-683.4M-2.7M0.802.13N/AN/A109,16087,4761,351,238969,980
2019-08-30$9.67$8.5034.0%9.5%25.6%38.3%33.4%-1.1%-0.2%9.2M-659.1M-2.8M0.283.01N/AN/A44,67012,4601,366,3561,030,900