GOLD Options History — October 2019

In October 2019, GOLD traded between $8.27 and $8.98. ATM implied volatility averaged 35.9%, placing in the 39.4% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 1.4% (HV 20d: 34.5%). Max pain ranged from $8.50 to $9.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.72.

Notable Days

  • 2019-10-15: Highest Volume — 111,564 contracts
  • 2019-10-11: Largest IV drop — 6.6% change
  • 2019-10-10: Highest IV Rank — 54.8%
  • 2019-10-08: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.59$8.27$8.98$8.60$8.69
Max Pain$8.54$8.50$9.00$9.00$8.50
ATM IV35.9%32.4%40.1%38.3%33.9%
Expected Move10.3%9.2%11.2%10.6%10.4%
HV 20d34.5%29.8%43.6%43.6%33.8%
HV 60d35.0%33.9%36.1%34.8%34.1%
IV Rank39.4%26.4%54.8%48.0%32.1%
IV Percentile71.7%42.9%93.3%87.3%60.3%
Term Structure-0.4%-1.6%1.2%1.2%0.1%
VWIV36.5%33.0%39.9%38.0%36.5%
Skew 25d-0.3%-3.7%0.8%-0.4%-0.5%
Skew 10d3.1%-1.9%80.7%-1.2%0.1%
Call IV 25d37.0%33.9%42.3%40.5%35.2%
Put IV 25d36.7%32.9%40.4%40.1%34.7%
Bid-Ask Spread %6.092.2530.542.636.53
Gamma HHI0.140.120.190.120.12
Net GEX3.0M1.0M5.2M2.6M5.2M
Net DEX-271.4M-387.0M-156.0M-262.8M-333.5M
Net VEX-2.4M-2.6M-2.2M-2.6M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.261.800.421.80
Total Volume41,28619,312111,56450,46061,130
Total OI2,207,243.132,037,8862,365,3382,241,4242,092,262

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-10-01$8.60$9.0038.3%10.6%43.6%48.0%38.0%-0.4%1.2%2.6M-262.8M-2.6M0.422.63N/AN/A35,49014,9701,301,080940,344
2019-10-02$8.66$9.0039.9%10.7%42.9%54.2%37.9%-0.4%-0.4%2.8M-283.1M-2.6M0.362.73N/AN/A36,15613,0961,312,070947,524
2019-10-03$8.62$8.5039.1%11.0%35.2%51.0%39.1%0.1%0.4%3.1M-270.6M-2.6M0.503.58N/AN/A33,00016,3941,331,024952,604
2019-10-04$8.87$8.5037.7%10.6%35.7%46.0%37.3%-0.3%0.1%4.0M-352.0M-2.5M0.502.25N/AN/A26,49413,3241,336,418956,492
2019-10-07$8.88$8.5037.8%10.6%34.3%46.4%38.4%0.8%-0.5%4.0M-352.9M-2.5M1.193.21N/AN/A11,77414,0581,314,526949,670
2019-10-08$8.98$8.5039.1%11.2%34.0%51.2%39.9%-0.1%-0.0%4.4M-387.0M-2.5M0.454.19N/AN/A27,79012,6341,317,296958,062
2019-10-09$8.94$8.5038.4%10.9%34.1%48.5%38.4%-0.1%-0.4%4.0M-373.6M-2.5M0.663.54N/AN/A11,6327,6801,327,428963,788
2019-10-10$8.95$8.5040.1%10.9%33.8%54.8%38.4%-3.7%-1.6%4.1M-375.8M-2.5M0.7630.54N/AN/A15,50611,7361,332,402963,870
2019-10-11$8.49$8.5037.4%10.4%38.9%45.0%37.0%-1.0%-1.6%1.1M-217.5M-2.4M0.5519.05N/AN/A47,32026,2241,336,128966,652
2019-10-14$8.57$8.5035.8%10.2%38.9%39.1%35.9%-0.3%0.2%1.4M-238.8M-2.4M1.214.55N/AN/A13,04415,7281,339,588967,736
2019-10-15$8.31$8.5034.8%9.9%34.2%35.3%35.0%-0.1%-0.0%1.5M-156.0M-2.4M1.773.90N/AN/A40,31471,2501,342,102974,218
2019-10-16$8.45$8.5033.8%9.7%34.1%31.7%34.3%0.2%0.3%1.0M-185.9M-2.4M0.613.62N/AN/A13,1068,0541,358,3641,006,974
2019-10-17$8.56$8.5033.3%9.5%31.7%29.9%33.4%0.0%-0.1%1.1M-242.9M-2.4M0.693.80N/AN/A20,97614,4781,362,096989,328
2019-10-18$8.60$8.5032.4%9.2%31.6%26.4%33.0%-1.0%0.9%3.4M-263.7M-2.4M0.323.80N/AN/A21,8226,9441,368,472991,216
2019-10-21$8.41$8.5033.9%9.7%31.7%32.1%34.7%0.0%-0.9%2.9M-234.6M-2.3M0.443.60N/AN/A17,2427,6101,111,918925,968
2019-10-22$8.30$8.5033.6%9.7%31.3%31.0%34.0%0.0%-0.7%2.7M-207.9M-2.2M0.303.90N/AN/A41,52612,3681,119,130928,904
2019-10-23$8.27$8.5033.0%9.7%29.8%28.7%34.3%-0.4%-0.9%2.2M-189.1M-2.3M0.344.35N/AN/A27,4849,4661,117,696933,380
2019-10-24$8.59$8.5034.0%9.8%33.5%32.5%34.6%0.3%-1.1%4.5M-302.4M-2.3M0.264.38N/AN/A29,8227,7001,128,152933,410
2019-10-25$8.59$8.5034.4%10.0%32.6%33.9%35.4%0.0%-1.3%3.9M-294.3M-2.3M0.704.82N/AN/A25,77417,9221,130,932935,686
2019-10-28$8.38$8.5035.0%10.7%32.5%35.9%37.7%0.0%-0.7%2.8M-226.6M-2.3M1.104.64N/AN/A13,68215,0721,120,836937,322
2019-10-29$8.39$8.5035.0%10.7%32.5%36.1%38.0%0.2%-1.1%3.0M-231.8M-2.3M1.314.46N/AN/A13,09217,0861,126,570936,374
2019-10-30$8.49$8.5035.0%10.9%32.7%36.0%39.0%0.3%-0.8%3.4M-258.8M-2.3M0.3811.89N/AN/A22,9448,6641,132,322948,258
2019-10-31$8.69$8.5033.9%10.4%33.8%32.1%36.5%-0.5%0.1%5.2M-333.5M-2.3M1.806.53N/AN/A21,83839,2921,142,852949,410