GOLD Options History — April 2021

In April 2021, GOLD traded between $10.18 and $11.37. ATM implied volatility averaged 32.4%, placing in the 2.7% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 5.2% (HV 20d: 27.2%). Max pain ranged from $10.00 to $10.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.33.

Notable Days

  • 2021-04-15: Highest Volume — 255,458 contracts
  • 2021-04-28: Largest IV spike — 5.0% change
  • 2021-04-20: Highest IV Rank — 8.8%
  • 2021-04-20: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.77$10.18$11.37$10.18$10.64
Max Pain$10.48$10.00$10.50$10.00$10.50
ATM IV32.4%31.1%34.8%34.8%31.5%
Expected Move9.2%8.7%9.6%8.7%9.3%
HV 20d27.2%24.0%29.7%27.4%24.0%
HV 60d32.1%30.6%33.2%32.6%30.9%
IV Rank2.7%0.0%8.8%6.6%1.6%
IV Percentile2.0%0.0%7.1%3.6%1.2%
Term Structure-0.1%-2.2%2.7%2.7%-0.7%
VWIV33.0%31.2%34.9%31.2%33.0%
Skew 25d-1.5%-3.8%0.6%0.1%-1.6%
Skew 10d-3.1%-8.5%3.8%3.8%-5.6%
Call IV 25d34.2%32.9%35.9%34.9%33.0%
Put IV 25d32.7%30.6%35.5%35.1%31.4%
Bid-Ask Spread %3.222.534.612.812.62
Gamma HHI0.110.090.170.090.10
Net GEX9.9M5.6M14.4M6.4M5.6M
Net DEX-191.4M-408.9M-8.8M-8.8M-89.8M
Net VEX-5.8M-6.2M-5.2M-5.2M-5.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.330.130.690.260.30
Total Volume100,714.66759,022255,458101,27259,022
Total OI2,788,230.2862,600,9822,937,1142,652,1822,937,114

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$10.18$10.0034.8%8.7%27.4%6.6%31.2%0.1%2.7%6.4M-8.8M-5.2M0.262.81N/AN/A80,44420,8281,571,2761,080,906
2021-04-05$10.31$10.5033.5%9.5%27.4%3.4%34.2%0.6%-1.2%6.8M-44.8M-5.3M0.402.98N/AN/A75,81030,3141,531,5301,069,452
2021-04-06$10.44$10.5033.5%9.4%27.1%3.3%33.5%-1.6%-0.8%8.9M-98.8M-5.5M0.302.87N/AN/A82,72624,4321,582,3621,097,528
2021-04-07$10.35$10.5032.6%9.2%26.1%1.3%32.8%-0.4%-0.8%8.5M-53.9M-5.5M0.132.94N/AN/A72,1249,0341,604,4321,106,286
2021-04-08$10.53$10.5032.6%9.0%26.8%1.4%32.7%-0.8%-1.0%12.6M-151.9M-5.6M0.343.63N/AN/A59,80420,3541,643,0361,109,954
2021-04-09$10.56$10.5032.3%9.0%26.6%0.2%33.2%-1.4%-1.2%14.2M-165.2M-5.7M0.282.93N/AN/A79,16422,4041,662,7641,121,274
2021-04-12$10.45$10.5031.8%9.1%26.9%0.0%32.1%-1.4%-0.0%9.2M-90.7M-5.5M0.692.83N/AN/A50,81434,9821,637,7741,110,958
2021-04-13$10.52$10.5031.6%9.1%26.1%0.0%32.8%-0.6%1.1%10.3M-117.9M-5.7M0.462.53N/AN/A58,30826,9301,653,1061,136,242
2021-04-14$10.55$10.5031.6%9.1%26.1%0.1%32.7%-0.6%-0.1%11.2M-124.6M-5.7M0.273.07N/AN/A48,72013,1041,669,6421,149,532
2021-04-15$11.03$10.5031.6%9.0%29.7%0.2%32.7%-1.8%-0.2%14.2M-353.0M-5.9M0.212.74N/AN/A210,91444,5441,676,8601,152,286
2021-04-16$11.12$10.5031.1%9.0%29.0%0.0%32.6%-1.6%0.2%9.9M-390.8M-6.0M0.213.67N/AN/A187,72239,8941,700,8201,160,636
2021-04-19$11.04$10.5032.5%9.2%29.2%4.6%33.0%-1.6%-1.0%9.8M-258.3M-5.9M0.364.44N/AN/A77,34827,9081,621,7441,091,572
2021-04-20$11.19$10.5033.8%9.6%28.7%8.8%34.9%-2.4%-0.3%11.7M-325.4M-6.1M0.244.61N/AN/A74,30817,5841,659,6961,103,058
2021-04-21$11.37$10.5032.6%9.3%27.7%4.8%34.4%-1.9%0.1%14.4M-408.9M-6.2M0.293.49N/AN/A80,10222,8581,688,4601,111,402
2021-04-22$11.21$10.5032.4%9.2%28.3%4.4%33.4%-1.1%1.6%12.9M-338.4M-6.0M0.313.57N/AN/A53,53816,3741,709,5521,113,426
2021-04-23$11.10$10.5031.4%8.9%27.2%0.8%32.3%-2.2%1.3%10.2M-287.4M-6.1M0.462.97N/AN/A50,82423,2621,721,2901,120,370
2021-04-26$11.08$10.5031.7%9.1%27.2%2.2%33.0%-2.5%-0.9%9.9M-265.4M-6.0M0.473.05N/AN/A49,99423,6221,696,1321,105,156
2021-04-27$10.85$10.5031.1%9.1%28.7%0.0%32.5%-3.6%0.7%6.8M-165.8M-5.9M0.252.94N/AN/A64,88616,4021,716,8121,127,248
2021-04-28$10.87$10.5032.6%9.2%24.6%6.4%33.6%-3.8%-2.2%8.1M-182.1M-5.9M0.423.79N/AN/A45,53619,0421,750,6401,136,608
2021-04-29$10.68$10.5032.9%9.3%25.4%7.4%33.2%-0.2%1.0%5.6M-97.0M-5.8M0.203.16N/AN/A82,44816,5801,770,5941,143,306
2021-04-30$10.64$10.5031.5%9.3%24.0%1.6%33.0%-1.6%-0.7%5.6M-89.8M-5.8M0.302.62N/AN/A45,30413,7181,790,5421,146,572