GOLD Options History — October 2020

In October 2020, GOLD traded between $12.97 and $14.18. ATM implied volatility averaged 43.1%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 12.7% (HV 20d: 30.5%). Max pain ranged from $14.00 to $14.50. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.42.

Notable Days

  • 2020-10-28: Highest Volume — 153,222 contracts
  • 2020-10-28: Largest IV spike — 12.5% change
  • 2020-10-28: Highest IV Rank — 30.3%
  • 2020-10-28: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.67$12.97$14.18$14.12$13.36
Max Pain$14.05$14.00$14.50$14.50$14.00
ATM IV43.1%40.6%46.7%41.1%44.8%
Expected Move12.4%11.1%14.0%11.1%13.5%
HV 20d30.5%25.4%34.9%31.4%30.2%
HV 60d43.0%41.8%44.0%43.6%42.2%
IV Rank25.2%21.6%30.3%22.3%27.5%
IV Percentile42.8%33.7%54.8%41.3%47.6%
Term Structure0.2%-1.5%8.2%4.3%-0.8%
VWIV43.4%39.1%48.5%39.1%47.0%
Skew 25d0.1%-1.8%1.9%0.0%1.3%
Skew 10d-0.5%-4.5%5.1%1.1%2.0%
Call IV 25d43.7%40.7%46.1%41.4%44.2%
Put IV 25d43.8%41.4%48.1%41.4%45.5%
Bid-Ask Spread %3.492.596.583.213.21
Gamma HHI0.110.090.180.090.09
Net GEX3.5M-3.1M13.6M6.4M3.2M
Net DEX-352.0M-543.1M-157.7M-456.8M-293.5M
Net VEX-4.3M-4.5M-4.1M-4.5M-4.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.180.870.360.48
Total Volume91,82453,084153,22263,51299,790
Total OI2,414,565.4552,304,5022,536,9722,364,3942,469,042

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-10-01$14.12$14.5041.1%11.1%31.4%22.3%39.1%0.0%4.3%6.4M-456.8M-4.5M0.363.21N/AN/A46,64016,8721,152,9561,211,438
2020-10-02$13.98$14.5043.5%11.2%31.1%25.8%39.3%0.1%8.2%1.7M-409.9M-4.5M0.353.27N/AN/A50,96818,0801,161,6961,218,584
2020-10-05$14.18$14.0043.3%12.6%31.6%25.5%44.4%0.6%-1.4%4.9M-476.3M-4.4M0.314.75N/AN/A57,38417,6881,114,2301,190,272
2020-10-06$13.57$14.0043.5%12.8%34.9%25.7%45.3%0.4%1.1%-570.1K-284.9M-4.3M0.413.81N/AN/A83,75234,5421,126,6521,194,532
2020-10-07$13.46$14.0044.1%12.6%31.1%26.6%45.1%-1.7%1.6%-3.1M-243.2M-4.3M0.372.73N/AN/A62,52423,2281,154,3341,214,706
2020-10-08$13.66$14.0042.5%12.2%31.8%24.2%43.3%-0.5%0.0%-738.0K-313.3M-4.3M0.433.05N/AN/A48,75021,0801,183,7581,225,354
2020-10-09$14.01$14.0041.9%11.9%33.5%23.4%42.9%-1.8%-0.3%12.3M-447.5M-4.3M0.483.86N/AN/A67,66232,1441,191,3081,233,114
2020-10-12$14.01$14.0044.0%12.1%33.4%26.4%42.7%-0.8%-1.4%5.0M-453.1M-4.3M0.183.37N/AN/A123,24222,4401,159,8501,206,976
2020-10-13$13.98$14.0043.9%12.4%33.4%26.3%43.3%-1.3%-1.0%8.3M-458.6M-4.3M0.322.96N/AN/A73,21423,4461,231,0081,216,454
2020-10-14$14.18$14.0044.0%12.4%33.8%26.4%43.4%-1.8%-0.8%13.6M-543.1M-4.3M0.333.22N/AN/A63,89021,3061,254,0201,227,530
2020-10-15$13.88$14.0043.5%12.3%32.1%25.7%43.2%-0.5%-1.0%5.8M-416.0M-4.3M0.232.75N/AN/A85,57619,7961,275,4441,232,046
2020-10-16$13.79$14.0042.9%12.2%32.1%24.9%43.1%0.3%-0.2%4.4M-392.6M-4.3M0.493.37N/AN/A60,90429,6961,307,9941,228,978
2020-10-19$13.55$14.0042.4%12.1%31.3%24.2%42.4%-0.4%-0.5%3.3M-345.2M-4.1M0.562.75N/AN/A71,31239,6981,181,2741,150,114
2020-10-20$13.52$14.0043.6%12.5%31.1%25.9%43.7%0.1%-1.5%2.5M-326.6M-4.2M0.396.12N/AN/A52,14420,4681,205,2541,179,560
2020-10-21$13.67$14.0042.3%12.1%26.2%24.0%42.4%0.9%-0.4%4.5M-376.7M-4.2M0.462.79N/AN/A47,97422,2961,229,5861,193,880
2020-10-22$13.45$14.0041.9%12.0%25.7%23.4%42.4%0.4%-0.6%1.1M-285.6M-4.3M0.452.96N/AN/A55,90625,0601,244,9921,208,446
2020-10-23$13.40$14.0040.6%11.7%25.7%21.6%41.2%0.8%-0.6%692.1K-272.6M-4.3M0.593.22N/AN/A63,70037,5321,258,8181,221,398
2020-10-26$13.30$14.0042.7%12.7%25.7%24.5%44.4%0.3%-0.9%207.2K-240.5M-4.2M0.876.58N/AN/A51,83844,9681,179,0801,218,296
2020-10-27$13.53$14.0041.5%12.3%25.4%22.8%42.5%1.4%0.4%3.2M-336.9M-4.1M0.352.59N/AN/A39,27413,8101,196,3021,205,334
2020-10-28$12.97$14.0046.7%14.0%29.0%30.3%48.5%1.9%0.5%-345.6K-157.7M-4.1M0.443.20N/AN/A106,19247,0301,203,3361,210,988
2020-10-29$13.14$14.0044.1%13.1%29.5%26.5%45.3%1.5%-1.1%989.8K-213.4M-4.1M0.403.12N/AN/A54,62621,6861,232,2241,219,282
2020-10-30$13.36$14.0044.8%13.5%30.2%27.5%47.0%1.3%-0.8%3.2M-293.5M-4.2M0.483.21N/AN/A67,43432,3561,241,7521,227,290