GOLD Options History — July 2021

In July 2021, GOLD traded between $10.23 and $10.90. ATM implied volatility averaged 30.9%, placing in the 14.4% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 4.5% (HV 20d: 26.4%). Max pain ranged from $10.50 to $11.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.35.

Notable Days

  • 2021-07-29: Highest Volume — 150,532 contracts
  • 2021-07-19: Largest IV spike — 9.4% change
  • 2021-07-19: Highest IV Rank — 25.4%
  • 2021-07-19: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.51$10.23$10.90$10.31$10.88
Max Pain$10.55$10.50$11.00$11.00$10.50
ATM IV30.9%27.5%33.5%28.4%32.7%
Expected Move8.8%7.1%9.5%7.4%9.3%
HV 20d26.4%21.9%31.9%28.1%24.0%
HV 60d31.2%29.8%32.3%31.4%30.1%
IV Rank14.4%0.0%25.4%1.2%23.1%
IV Percentile14.8%0.0%29.0%0.8%28.2%
Term Structure0.3%-1.1%2.4%0.2%-0.6%
VWIV32.1%26.0%36.1%28.4%33.8%
Skew 25d-0.8%-2.6%0.4%-0.9%-1.8%
Skew 10d-2.1%-8.0%0.1%-3.0%-5.4%
Call IV 25d32.1%29.0%35.2%30.0%34.0%
Put IV 25d31.3%28.0%34.2%29.0%32.2%
Bid-Ask Spread %3.312.135.442.333.62
Gamma HHI0.090.080.110.090.08
Net GEX6.1M2.1M11.8M3.3M10.6M
Net DEX3.7M-186.2M92.0M91.4M-180.3M
Net VEX-5.4M-5.6M-5.1M-5.4M-5.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.150.850.190.29
Total Volume80,801.04843,278150,53268,73879,604
Total OI2,828,630.192,728,6602,940,2982,776,6662,897,586

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$10.31$11.0028.4%7.4%28.1%1.2%28.4%-0.9%0.2%3.3M91.4M-5.4M0.192.33N/AN/A57,97210,7661,637,3961,139,270
2021-07-02$10.40$11.0027.5%7.1%28.1%0.0%26.0%-1.1%0.9%4.3M59.5M-5.5M0.432.13N/AN/A40,19617,2701,667,6581,142,784
2021-07-06$10.67$10.5030.0%9.0%30.2%10.8%32.6%0.4%1.5%7.1M-51.8M-5.6M0.363.17N/AN/A97,93434,8281,634,9921,127,318
2021-07-07$10.58$10.5029.4%9.0%30.1%8.1%32.9%-1.0%2.4%6.9M-10.4M-5.5M0.292.84N/AN/A42,66412,5221,664,1061,145,096
2021-07-08$10.32$10.5030.3%9.1%30.9%11.9%33.2%-0.6%2.1%3.4M92.0M-5.3M0.262.79N/AN/A67,46617,5461,669,8141,143,650
2021-07-09$10.57$10.5028.8%8.8%30.9%5.5%31.5%-0.2%2.1%6.5M-20.3M-5.5M0.563.00N/AN/A54,12430,4101,699,6221,150,084
2021-07-12$10.42$10.5030.4%8.6%30.9%12.3%31.4%-0.5%-1.1%4.3M59.1M-5.3M0.312.74N/AN/A46,30814,1301,687,9041,159,306
2021-07-13$10.57$10.5030.6%8.8%31.7%13.1%32.3%-1.1%-0.2%6.9M-6.7M-5.5M0.282.77N/AN/A92,51826,0821,707,2861,166,748
2021-07-14$10.68$10.5031.1%8.8%31.9%15.4%32.5%-0.9%-0.3%8.7M-49.7M-5.5M0.152.93N/AN/A80,64012,0321,726,3061,174,000
2021-07-15$10.64$10.5031.3%8.7%31.6%16.1%32.2%-0.2%-1.0%10.8M-32.3M-5.5M0.232.66N/AN/A52,00811,7641,759,9881,176,844
2021-07-16$10.39$10.5030.6%8.7%22.2%13.2%31.3%-0.7%-0.1%2.1M90.5M-5.2M0.484.03N/AN/A70,67234,2621,765,7201,174,578
2021-07-19$10.23$10.5033.5%9.5%22.5%25.4%34.7%-0.1%1.8%3.2M83.6M-5.1M0.363.73N/AN/A65,28223,4461,621,7401,106,920
2021-07-20$10.34$10.5031.8%9.1%21.9%18.2%32.5%-0.2%0.9%4.5M51.0M-5.2M0.385.44N/AN/A55,55020,8581,645,0801,118,072
2021-07-21$10.45$10.5031.2%9.0%22.3%15.9%31.8%0.0%-0.5%6.1M10.7M-5.2M0.694.53N/AN/A39,76227,5461,666,6181,126,802
2021-07-22$10.37$10.5030.8%8.8%22.3%14.0%31.2%-0.8%0.0%5.1M41.0M-5.2M0.353.27N/AN/A31,96011,3181,679,8201,145,382
2021-07-23$10.31$10.5030.5%8.7%22.4%12.7%31.2%-0.4%0.5%3.7M69.4M-5.1M0.254.01N/AN/A44,01411,1941,689,2421,148,176
2021-07-26$10.40$10.5031.3%9.0%22.6%16.3%31.9%-1.1%-0.4%4.8M28.6M-5.2M0.252.92N/AN/A44,09410,8901,644,5641,136,080
2021-07-27$10.49$10.5032.9%9.4%22.5%23.0%34.0%-0.5%-0.8%5.9M4.9M-5.2M0.853.56N/AN/A35,72030,4341,653,4081,140,064
2021-07-28$10.66$10.5033.0%9.4%22.8%23.3%36.1%-2.1%-1.0%8.8M-67.0M-5.3M0.193.65N/AN/A76,22014,2841,666,5381,145,954
2021-07-29$10.90$10.5032.7%9.2%23.9%22.9%33.4%-2.6%0.4%11.8M-186.2M-5.5M0.163.38N/AN/A130,28820,2441,679,1961,169,522
2021-07-30$10.88$10.5032.7%9.3%24.0%23.1%33.8%-1.8%-0.6%10.6M-180.3M-5.5M0.293.62N/AN/A61,59418,0101,722,4201,175,166