GOLD Options History — July 2020

In July 2020, GOLD traded between $13.11 and $14.91. ATM implied volatility averaged 47.6%, placing in the 31.5% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 17.6% (HV 20d: 30.0%). Max pain ranged from $12.50 to $13.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.40.

Notable Days

  • 2020-07-27: Highest Volume — 148,998 contracts
  • 2020-07-06: Largest IV spike — 8.8% change
  • 2020-07-28: Highest IV Rank — 36.6%
  • 2020-07-27: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.86$13.11$14.91$13.40$14.39
Max Pain$12.75$12.50$13.50$12.50$13.50
ATM IV47.6%44.1%51.1%45.4%46.9%
Expected Move13.6%11.8%14.4%12.9%13.6%
HV 20d30.0%26.1%34.6%28.8%34.2%
HV 60d41.4%38.3%47.5%47.5%38.3%
IV Rank31.5%26.6%36.6%28.4%30.6%
IV Percentile68.5%61.5%81.7%66.3%61.5%
Term Structure0.1%-1.6%2.8%-0.2%-0.1%
VWIV48.2%42.0%51.2%45.3%48.3%
Skew 25d-1.0%-3.3%1.8%0.3%0.1%
Skew 10d-1.3%-12.4%4.8%0.9%-2.2%
Call IV 25d48.9%44.7%53.4%46.5%47.8%
Put IV 25d47.9%44.8%51.4%46.8%47.8%
Bid-Ask Spread %5.693.7215.9415.945.69
Gamma HHI0.110.090.180.100.12
Net GEX9.2M6.9M11.7M10.2M9.3M
Net DEX-638.4M-812.5M-485.9M-585.8M-720.0M
Net VEX-3.5M-3.7M-3.3M-3.6M-3.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.210.790.430.29
Total Volume76,116.27341,296148,99878,83694,960
Total OI1,791,167.4551,695,9661,929,5041,711,9601,929,504

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$13.40$12.5045.4%12.9%28.8%28.4%45.3%0.3%-0.2%10.2M-585.8M-3.6M0.4315.94N/AN/A55,13423,702930,256781,704
2020-07-02$13.19$12.5044.1%11.8%29.8%26.6%42.0%0.1%0.7%9.9M-544.6M-3.6M0.414.91N/AN/A38,67415,794949,262816,300
2020-07-06$13.27$12.5048.0%13.4%29.6%32.1%47.0%-1.7%2.2%7.9M-541.7M-3.6M0.464.46N/AN/A34,87815,936925,516812,556
2020-07-07$13.53$12.5047.0%13.5%29.8%30.6%47.5%1.8%-1.6%9.4M-603.0M-3.6M0.214.38N/AN/A45,4389,586933,518816,100
2020-07-08$13.86$12.5049.2%13.8%29.0%33.8%48.9%-2.6%0.1%10.8M-681.8M-3.5M0.258.24N/AN/A94,71223,814942,042819,678
2020-07-09$13.79$12.5048.8%14.0%28.5%33.2%49.7%-3.3%0.5%10.8M-656.8M-3.6M0.564.50N/AN/A47,86026,900948,610830,268
2020-07-10$13.53$12.5047.0%14.0%26.1%30.8%49.7%0.1%2.8%11.7M-595.9M-3.6M0.413.84N/AN/A34,74814,420959,342850,134
2020-07-13$13.11$12.5049.6%14.3%29.3%34.4%50.5%-0.8%-0.2%6.9M-485.9M-3.7M0.464.79N/AN/A41,03619,060934,606839,778
2020-07-14$13.46$12.5048.8%14.2%29.6%33.2%50.9%-1.1%0.6%8.5M-561.6M-3.6M0.474.05N/AN/A34,53016,340945,204849,288
2020-07-15$13.54$12.5048.6%14.1%28.5%33.0%49.7%-0.8%0.3%9.5M-583.4M-3.5M0.793.84N/AN/A23,10818,188951,986860,466
2020-07-16$13.34$12.5047.3%13.7%29.1%31.1%48.5%-2.0%0.4%8.6M-539.1M-3.4M0.314.59N/AN/A36,51611,264955,174861,848
2020-07-17$13.69$12.5045.5%13.0%29.7%28.6%46.3%0.0%-0.2%11.2M-626.6M-3.4M0.424.71N/AN/A43,67618,176953,226868,992
2020-07-20$14.06$12.5045.6%13.1%30.4%28.7%46.3%-0.4%0.6%7.6M-656.5M-3.4M0.513.72N/AN/A46,61223,540879,970815,996
2020-07-21$14.13$13.0046.0%13.1%27.9%29.2%46.5%-0.6%-1.1%8.2M-668.3M-3.4M0.404.62N/AN/A67,86627,440892,974829,030
2020-07-22$14.26$13.0048.3%13.8%27.9%32.5%48.8%-1.3%-0.5%8.9M-697.8M-3.3M0.334.58N/AN/A50,27216,418908,964843,058
2020-07-23$14.03$13.0046.8%13.4%29.0%30.4%48.1%-1.7%0.6%9.9M-647.5M-3.4M0.454.78N/AN/A72,96032,956926,260854,174
2020-07-24$14.19$13.0046.4%13.3%28.7%29.9%47.5%-0.6%-0.2%9.1M-678.2M-3.4M0.324.19N/AN/A50,32016,324937,874869,150
2020-07-27$14.91$13.0050.3%14.4%32.8%35.5%50.6%-2.3%-0.7%8.4M-812.5M-3.4M0.307.56N/AN/A114,75634,242926,724859,886
2020-07-28$14.81$13.0051.1%14.4%33.1%36.6%51.2%-2.0%-1.5%9.3M-796.1M-3.5M0.3510.65N/AN/A63,62021,992958,354869,030
2020-07-29$14.40$13.0048.4%13.6%33.8%32.6%48.8%-2.9%-0.5%8.8M-713.7M-3.5M0.315.97N/AN/A82,42025,876983,206879,312
2020-07-30$14.14$13.5047.5%13.7%34.6%31.4%49.6%-0.6%1.3%7.7M-648.2M-3.6M0.345.06N/AN/A66,20222,2921,012,782893,582
2020-07-31$14.39$13.5046.9%13.6%34.2%30.6%48.3%0.1%-0.1%9.3M-720.0M-3.5M0.295.69N/AN/A73,75621,2041,024,614904,890