GOLD Options History — August 2020

In August 2020, GOLD traded between $13.04 and $15.03. ATM implied volatility averaged 46.5%, placing in the 30.0% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded below realized volatility by 4.9% (HV 20d: 51.4%). Max pain ranged from $12.00 to $14.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.49.

Notable Days

  • 2020-08-17: Highest Volume — 411,440 contracts
  • 2020-08-17: Largest IV spike — 7.3% change
  • 2020-08-05: Highest IV Rank — 35.4%
  • 2020-08-05: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.39$13.04$15.03$14.35$14.84
Max Pain$12.75$12.00$14.00$13.50$14.00
ATM IV46.5%43.6%50.3%47.8%46.3%
Expected Move13.2%12.1%15.2%13.6%12.6%
HV 20d51.4%33.3%63.9%34.3%61.4%
HV 60d41.6%37.0%45.5%37.8%43.4%
IV Rank30.0%25.9%35.4%31.8%29.7%
IV Percentile59.9%50.8%78.2%65.9%55.6%
Term Structure0.2%-2.1%1.6%-1.5%0.4%
VWIV47.2%43.9%53.6%48.0%45.1%
Skew 25d-1.9%-2.9%-0.2%-1.7%-2.5%
Skew 10d-4.3%-8.0%1.4%-4.7%-6.7%
Call IV 25d48.5%44.5%52.9%48.6%49.3%
Put IV 25d46.6%44.0%50.5%47.0%46.9%
Bid-Ask Spread %4.232.2610.878.423.15
Gamma HHI0.130.100.210.130.11
Net GEX9.1M2.3M16.6M8.8M8.9M
Net DEX-696.1M-941.3M-352.0M-705.1M-685.7M
Net VEX-4.0M-4.6M-3.5M-3.5M-4.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.290.830.300.29
Total Volume157,669.42952,554411,44063,934127,290
Total OI2,167,526.4761,888,1102,421,9701,888,1102,332,032

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$14.35$13.5047.8%13.6%34.3%31.8%48.0%-1.7%-1.5%8.8M-705.1M-3.5M0.308.42N/AN/A49,02614,908998,996889,114
2020-08-04$14.87$13.5048.7%14.1%35.8%33.2%51.1%-2.8%-1.2%11.3M-823.7M-3.6M0.354.41N/AN/A83,86428,9641,015,130899,524
2020-08-05$14.94$13.5050.3%15.2%35.0%35.4%53.6%-1.4%-1.0%11.6M-844.2M-3.5M0.3810.87N/AN/A94,71436,4001,019,768907,630
2020-08-06$14.72$12.0050.0%13.9%35.5%34.9%50.3%-2.4%-1.9%11.2M-782.2M-3.6M0.486.43N/AN/A70,72033,8441,035,400931,938
2020-08-07$14.45$12.0049.2%13.7%35.4%33.8%49.0%-1.6%-2.1%14.1M-715.7M-3.7M0.474.02N/AN/A97,33445,4861,054,926947,676
2020-08-10$14.32$12.0045.8%13.1%33.3%29.0%46.6%-2.7%0.5%9.0M-677.2M-3.6M0.392.83N/AN/A92,58436,4101,033,626954,704
2020-08-11$13.04$12.0048.7%13.7%47.4%33.2%49.6%-2.7%-0.4%2.7M-352.0M-3.7M0.574.69N/AN/A155,20287,9021,057,534973,044
2020-08-12$13.11$12.0046.8%13.4%47.4%30.4%48.0%-1.7%-0.1%2.7M-384.8M-3.9M0.738.10N/AN/A57,02841,7041,107,146996,492
2020-08-13$13.56$12.0045.7%13.2%48.7%28.8%47.0%-1.2%1.4%4.6M-500.8M-4.0M0.304.01N/AN/A68,91020,7121,131,7321,025,498
2020-08-14$13.47$12.0044.1%12.7%47.9%26.5%45.5%-0.2%0.8%7.3M-472.2M-4.0M0.713.54N/AN/A30,76821,7861,153,1541,035,212
2020-08-17$14.99$12.5047.3%13.6%60.7%31.1%48.0%-2.7%0.6%14.0M-926.2M-3.9M0.342.26N/AN/A307,574103,8661,116,5261,014,800
2020-08-18$15.03$12.5046.4%13.3%60.7%29.9%47.9%-2.9%1.4%16.6M-941.3M-4.0M0.442.74N/AN/A171,68475,6461,192,7921,059,440
2020-08-19$14.46$12.5046.8%13.4%62.4%30.3%48.1%-1.8%1.0%10.2M-740.1M-4.2M0.805.34N/AN/A143,904115,7121,222,2621,096,708
2020-08-20$14.98$13.0044.9%12.8%63.2%27.7%45.8%-0.4%1.6%15.5M-908.9M-4.2M0.512.39N/AN/A116,54258,9081,237,4741,141,354
2020-08-21$14.61$13.0044.5%12.6%63.9%27.2%45.5%-1.7%1.5%2.3M-769.7M-4.3M0.642.44N/AN/A84,46853,9601,255,6501,166,320
2020-08-24$14.48$13.0044.4%12.1%61.4%26.9%44.0%-2.3%-0.1%7.4M-685.8M-4.2M0.512.70N/AN/A92,02647,0801,125,8321,071,508
2020-08-25$14.35$13.0043.6%12.2%61.4%25.9%43.9%-1.8%0.3%7.4M-646.4M-4.3M0.512.79N/AN/A123,86863,2441,159,8341,105,294
2020-08-26$14.64$13.0044.8%12.5%61.1%27.6%44.2%-1.8%0.7%9.6M-748.6M-4.4M0.342.54N/AN/A82,66428,3821,189,6281,146,362
2020-08-27$14.35$13.2545.5%12.4%61.2%28.5%45.3%-2.6%0.6%7.0M-649.2M-4.4M0.362.68N/AN/A99,45635,7321,211,1261,157,406
2020-08-28$14.60$13.5045.5%12.5%61.1%28.6%44.8%-1.9%0.8%9.0M-658.3M-4.5M0.832.53N/AN/A115,22095,5661,176,0421,171,422
2020-08-31$14.84$14.0046.3%12.6%61.4%29.7%45.1%-2.5%0.4%8.9M-685.7M-4.6M0.293.15N/AN/A98,88228,4081,123,9861,208,046