GOLD Options History — June 2020

In June 2020, GOLD traded between $11.58 and $13.49. ATM implied volatility averaged 49.6%, placing in the 34.5% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 7.1% (HV 20d: 42.6%). Max pain ranged from $12.00 to $12.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.42.

Notable Days

  • 2020-06-12: Highest Volume — 151,356 contracts
  • 2020-06-11: Largest IV spike — 11.5% change
  • 2020-06-12: Highest IV Rank — 42.4%
  • 2020-06-11: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.34$11.58$13.49$12.36$13.49
Max Pain$12.14$12.00$12.50$12.25$12.50
ATM IV49.6%47.1%55.1%48.5%47.3%
Expected Move14.3%13.3%15.9%13.8%13.4%
HV 20d42.6%31.5%51.0%50.8%31.5%
HV 60d59.4%47.7%74.2%73.9%47.8%
IV Rank34.5%30.8%42.4%32.9%31.1%
IV Percentile78.0%67.9%86.9%77.8%67.9%
Term Structure-0.1%-2.1%3.3%-2.1%3.2%
VWIV50.6%47.1%55.9%49.2%48.3%
Skew 25d0.6%-1.0%1.9%1.1%0.6%
Skew 10d1.6%-1.0%5.6%2.8%1.5%
Call IV 25d50.8%47.9%56.8%49.3%48.3%
Put IV 25d51.3%48.7%58.6%50.4%48.9%
Bid-Ask Spread %5.484.118.014.594.79
Gamma HHI0.100.070.280.090.09
Net GEX6.0M1.5M13.8M3.4M8.6M
Net DEX-410.7M-602.0M-243.3M-393.1M-602.0M
Net VEX-3.7M-3.8M-3.6M-3.6M-3.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.200.840.270.57
Total Volume88,78149,780151,35654,494123,608
Total OI1,897,481.8181,637,4142,107,9641,864,9461,699,220

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$12.36$12.2548.5%13.8%50.8%32.9%49.2%1.1%-2.1%3.4M-393.1M-3.6M0.274.59N/AN/A42,92811,566948,064916,882
2020-06-02$11.99$12.2547.3%13.8%51.0%31.1%49.1%0.4%-1.2%2.9M-325.4M-3.6M0.324.43N/AN/A50,99416,418965,192922,006
2020-06-03$11.63$12.0047.5%14.0%50.5%31.4%50.2%0.8%-1.1%2.4M-247.6M-3.6M0.308.01N/AN/A70,77221,014989,596931,786
2020-06-04$11.61$12.0047.1%13.3%47.3%30.8%47.1%0.8%-0.8%2.4M-248.8M-3.6M0.564.77N/AN/A45,80625,7421,006,108937,098
2020-06-05$11.58$12.0047.7%13.4%45.1%31.7%47.3%1.9%-1.1%1.5M-243.3M-3.6M0.424.11N/AN/A81,95834,8021,018,626939,886
2020-06-08$11.77$12.0048.3%13.5%45.9%32.6%48.3%0.9%-1.0%3.8M-306.5M-3.6M0.264.58N/AN/A44,75411,4121,011,912930,226
2020-06-09$12.15$12.0049.5%14.2%45.9%34.3%50.0%0.7%0.9%4.7M-402.0M-3.7M0.275.01N/AN/A94,29225,6241,027,688937,570
2020-06-10$12.45$12.0049.2%14.3%46.9%33.9%50.4%-0.1%0.8%6.2M-489.3M-3.7M0.436.10N/AN/A74,89832,3821,050,200952,160
2020-06-11$12.03$12.0054.9%15.9%48.1%41.9%55.9%1.1%0.4%5.5M-380.4M-3.8M0.457.79N/AN/A102,37845,8541,068,588965,822
2020-06-12$12.09$12.0055.1%15.9%45.9%42.4%55.9%1.8%0.7%4.6M-385.2M-3.8M0.736.85N/AN/A87,37263,9841,081,406984,576
2020-06-15$12.38$12.0053.2%15.3%45.2%39.6%54.2%0.4%-0.9%4.8M-457.7M-3.8M0.295.56N/AN/A70,48620,7881,071,216958,608
2020-06-16$12.17$12.0051.5%14.8%44.6%37.2%52.1%0.1%-0.5%5.1M-404.9M-3.7M0.645.63N/AN/A32,27020,5321,094,270969,678
2020-06-17$12.10$12.0050.9%14.6%42.3%36.3%52.0%-1.0%-0.2%4.6M-377.9M-3.8M0.204.48N/AN/A43,1868,7121,099,734976,544
2020-06-18$12.03$12.0049.2%14.1%41.6%33.8%50.0%-0.6%-0.2%4.9M-353.2M-3.7M0.845.28N/AN/A32,31427,0041,118,630980,796
2020-06-19$12.24$12.0049.4%14.2%40.9%34.2%50.1%0.9%-0.1%10.6M-404.2M-3.7M0.626.06N/AN/A69,66643,1141,123,136984,828
2020-06-22$12.72$12.0050.4%14.5%43.6%35.6%50.6%0.0%-1.4%7.8M-478.3M-3.7M0.295.30N/AN/A82,84424,034904,230733,184
2020-06-23$12.86$12.0049.2%14.0%36.1%33.9%49.7%0.1%-0.6%8.9M-500.5M-3.7M0.274.90N/AN/A89,51023,946919,988743,110
2020-06-24$12.92$12.5049.5%14.6%33.4%34.3%51.8%0.4%3.3%9.4M-515.0M-3.7M0.305.79N/AN/A63,26618,722935,346752,550
2020-06-25$12.82$12.5048.5%14.0%33.7%32.8%49.8%0.7%0.0%10.0M-491.9M-3.8M0.346.50N/AN/A37,51012,710944,384760,564
2020-06-26$12.94$12.5049.1%14.5%33.7%33.7%51.1%0.4%-0.6%13.8M-514.4M-3.7M0.484.89N/AN/A50,04824,182945,624768,596
2020-06-29$13.07$12.5048.5%14.0%32.4%32.8%49.7%1.0%-0.0%7.0M-513.5M-3.7M0.495.10N/AN/A33,40416,376907,360767,612
2020-06-30$13.49$12.5047.3%13.4%31.5%31.1%48.3%0.6%3.2%8.6M-602.0M-3.7M0.574.79N/AN/A78,66844,940920,180779,040