GOLD Options History — June 2021

In June 2021, GOLD traded between $10.26 and $12.11. ATM implied volatility averaged 29.7%, placing in the 4.8% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded below realized volatility by 0.7% (HV 20d: 30.5%). Max pain ranged from $11.00 to $12.50. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.36.

Notable Days

  • 2021-06-17: Highest Volume — 283,296 contracts
  • 2021-06-23: Largest IV drop — 6.7% change
  • 2021-06-21: Highest IV Rank — 16.6%
  • 2021-06-18: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.11$10.26$12.11$12.11$10.33
Max Pain$11.61$11.00$12.50$11.75$11.00
ATM IV29.7%28.2%32.1%30.6%28.9%
Expected Move8.3%7.9%9.1%8.6%7.9%
HV 20d30.5%22.8%36.2%33.4%30.2%
HV 60d31.1%29.2%33.2%29.4%31.4%
IV Rank4.8%0.0%16.6%5.6%3.0%
IV Percentile3.2%0.0%13.5%2.4%2.8%
Term Structure0.3%-1.0%1.9%-0.5%1.2%
VWIV30.6%28.9%32.9%31.4%29.6%
Skew 25d-2.0%-3.0%-1.0%-2.8%-1.2%
Skew 10d-4.2%-6.5%-1.1%-5.8%-2.9%
Call IV 25d32.1%30.1%35.0%33.2%30.9%
Put IV 25d30.1%28.1%33.3%30.4%29.7%
Bid-Ask Spread %4.502.2221.642.682.32
Gamma HHI0.120.080.200.140.09
Net GEX9.7M-1.5M23.4M21.6M3.0M
Net DEX-108.2M-495.1M236.5M-495.1M90.0M
Net VEX-5.6M-5.9M-5.1M-5.9M-5.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.160.610.260.26
Total Volume117,734.45560,760283,296104,77660,760
Total OI2,899,760.6362,520,9623,269,6262,840,3802,747,064

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-06-01$12.11$11.7530.6%8.6%33.4%5.6%31.4%-2.8%-0.5%21.6M-495.1M-5.9M0.262.68N/AN/A82,93821,8381,697,3341,143,046
2021-06-02$12.08$11.7530.2%8.2%33.0%3.9%29.8%-2.3%-0.5%23.0M-490.5M-5.9M0.505.05N/AN/A47,56823,6281,725,7221,156,100
2021-06-03$11.63$12.5031.5%8.7%36.2%9.2%31.0%-3.0%-0.6%12.3M-248.0M-5.8M0.352.79N/AN/A138,08248,8061,743,4541,164,122
2021-06-04$11.72$12.0031.0%8.5%30.1%7.1%31.0%-2.7%-0.4%15.7M-306.0M-5.9M0.212.98N/AN/A145,01430,3981,783,2961,185,112
2021-06-07$11.71$12.0030.2%8.4%29.7%4.2%30.9%-1.9%-0.6%18.1M-313.2M-5.8M0.442.75N/AN/A58,21625,3721,784,0241,171,232
2021-06-08$11.58$12.0029.7%8.4%29.8%2.2%30.4%-2.3%-0.3%15.0M-228.5M-5.8M0.252.53N/AN/A65,23616,2021,802,2141,183,856
2021-06-09$11.54$12.0029.4%8.4%29.8%1.1%31.4%-2.5%-0.0%14.5M-218.9M-5.8M0.522.22N/AN/A46,68224,4281,831,1441,192,926
2021-06-10$11.81$12.0029.8%8.5%30.4%2.6%30.0%-2.0%-0.5%23.4M-374.8M-5.8M0.178.57N/AN/A99,72417,2641,847,2501,201,498
2021-06-11$11.63$12.0028.3%8.0%30.8%0.0%29.3%-2.4%-0.4%17.3M-275.3M-5.8M0.464.62N/AN/A76,06435,0721,877,8701,205,818
2021-06-14$11.56$12.0028.5%8.2%30.1%1.0%29.8%-1.5%1.8%14.3M-235.9M-5.7M0.613.41N/AN/A71,20243,4221,851,6101,205,362
2021-06-15$11.40$12.0028.6%8.2%22.8%1.3%29.7%-1.6%1.0%6.5M-126.5M-5.6M0.554.99N/AN/A58,75232,4521,877,1161,217,950
2021-06-16$11.24$12.0028.7%8.2%23.1%1.8%29.9%-1.0%1.9%3.6M-60.6M-5.6M0.406.96N/AN/A82,38633,3521,893,6981,236,358
2021-06-17$10.51$12.0029.4%8.4%31.4%4.8%31.7%-3.0%0.6%-1.5M225.5M-5.1M0.403.38N/AN/A202,67880,6181,912,8521,244,070
2021-06-18$10.39$11.5030.9%9.1%30.7%11.4%32.8%-1.6%-1.0%-488.7K236.5M-5.3M0.4721.64N/AN/A108,64451,1441,994,1061,275,520
2021-06-21$10.57$11.0032.1%8.9%32.0%16.6%32.3%-1.7%0.9%3.4M31.8M-5.4M0.196.53N/AN/A145,24026,9381,464,1381,056,824
2021-06-22$10.56$11.0031.9%8.9%32.0%15.8%32.9%-1.9%0.7%5.8M16.3M-5.5M0.162.93N/AN/A109,98217,9701,543,2861,076,388
2021-06-23$10.48$11.0029.8%8.2%32.0%6.5%30.4%-1.9%1.0%5.3M46.6M-5.4M0.382.54N/AN/A101,84838,6121,591,5361,089,072
2021-06-24$10.49$11.0029.1%8.0%32.0%3.4%29.6%-1.8%0.6%4.2M52.6M-5.5M0.342.72N/AN/A47,38416,0581,590,7641,107,550
2021-06-25$10.44$11.0028.2%7.9%30.8%0.0%28.9%-1.9%0.7%3.4M75.7M-5.4M0.322.58N/AN/A65,16620,9081,603,5861,119,864
2021-06-28$10.34$11.0028.6%8.0%30.1%1.9%29.7%-1.8%0.9%2.4M99.5M-5.3M0.202.47N/AN/A71,90014,7341,571,0481,111,872
2021-06-29$10.26$11.0028.6%8.0%29.8%1.8%29.7%-1.4%-0.2%2.4M117.5M-5.3M0.432.23N/AN/A59,90625,5701,596,1101,120,972
2021-06-30$10.33$11.0028.9%7.9%30.2%3.0%29.6%-1.2%1.2%3.0M90.0M-5.4M0.262.32N/AN/A48,18612,5741,614,8061,132,258