GOLD Options History — August 2021

In August 2021, GOLD traded between $9.57 and $10.85. ATM implied volatility averaged 30.2%, placing in the 12.3% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 4.2% (HV 20d: 26.0%). Max pain ranged from $10.50 to $10.50. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.39.

Notable Days

  • 2021-08-10: Highest Volume — 161,150 contracts
  • 2021-08-09: Largest IV drop — 13.5% change
  • 2021-08-06: Highest IV Rank — 32.3%
  • 2021-08-02: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.13$9.57$10.85$10.78$10.03
Max Pain$10.50$10.50$10.50$10.50$10.50
ATM IV30.2%28.0%34.7%31.4%28.3%
Expected Move8.5%7.7%9.4%9.4%7.7%
HV 20d26.0%21.3%31.7%24.2%31.7%
HV 60d27.4%26.4%28.3%27.6%28.3%
IV Rank12.3%2.6%32.3%17.2%3.7%
IV Percentile12.0%0.4%37.7%18.3%1.2%
Term Structure-0.0%-1.6%0.8%-0.5%0.2%
VWIV31.6%27.7%34.9%34.1%27.7%
Skew 25d-0.5%-1.8%0.7%-0.8%0.1%
Skew 10d-2.0%-4.3%4.2%-3.8%-0.6%
Call IV 25d31.3%28.4%34.2%34.0%29.2%
Put IV 25d30.8%28.4%33.2%33.2%29.3%
Bid-Ask Spread %2.611.953.723.263.06
Gamma HHI0.100.080.120.080.09
Net GEX2.0M-4.6M11.5M9.8M2.2M
Net DEX141.6M-159.0M362.3M-122.7M142.1M
Net VEX-4.7M-5.5M-4.2M-5.5M-4.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.130.970.400.21
Total Volume90,806.54543,272161,15053,28696,546
Total OI2,997,416.6362,881,9183,121,5142,881,9183,008,688

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$10.78$10.5031.4%9.4%24.2%17.2%34.1%-0.8%-0.5%9.8M-122.7M-5.5M0.403.26N/AN/A38,09215,1941,716,0581,165,860
2021-08-03$10.85$10.5032.8%9.1%22.7%23.2%34.6%-0.6%-1.3%11.2M-159.0M-5.4M0.223.19N/AN/A35,4607,8121,745,6481,175,516
2021-08-04$10.83$10.5032.6%9.4%22.5%22.7%34.5%-1.5%-0.4%11.5M-149.1M-5.4M0.332.48N/AN/A81,91027,0481,759,7741,182,488
2021-08-05$10.63$10.5032.3%9.0%21.7%21.1%34.9%-1.5%-0.2%8.2M-44.7M-5.3M0.432.62N/AN/A51,45622,1241,774,6081,184,878
2021-08-06$10.41$10.5034.7%9.0%21.4%32.3%32.8%-0.9%-1.6%5.2M45.8M-5.1M0.452.33N/AN/A90,00240,0561,784,1781,181,402
2021-08-09$10.28$10.5030.0%8.6%21.3%11.8%31.1%0.7%0.1%2.7M118.1M-4.9M0.523.72N/AN/A94,55449,1241,760,5401,179,958
2021-08-10$9.93$10.5030.7%8.7%23.6%15.1%34.2%-0.7%-0.3%-1.6M248.2M-4.5M0.332.27N/AN/A121,40039,7501,790,8921,197,066
2021-08-11$10.15$10.5029.8%8.5%24.9%11.0%32.2%-0.5%-0.0%1.6M159.1M-4.8M0.372.42N/AN/A73,40027,3321,809,7841,199,964
2021-08-12$9.99$10.5029.1%8.3%25.4%7.6%30.2%-0.5%-0.1%-876.2K224.7M-4.6M0.252.16N/AN/A52,30012,9141,836,5941,216,354
2021-08-13$10.15$10.5028.5%8.2%25.0%4.6%30.7%0.3%0.3%2.2M168.1M-4.7M0.382.23N/AN/A53,18420,4621,843,6941,222,258
2021-08-16$10.10$10.5028.8%8.2%24.5%6.4%31.0%-0.3%0.3%1.0M186.4M-4.6M0.362.30N/AN/A43,55815,8481,810,7401,207,240
2021-08-17$9.96$10.5029.3%8.4%24.5%8.6%30.5%0.1%0.2%-1.9M249.6M-4.5M0.221.95N/AN/A52,69611,8201,821,4081,217,146
2021-08-18$9.73$10.5029.8%8.6%25.2%11.1%31.4%-0.8%0.4%-3.7M315.4M-4.4M0.532.13N/AN/A79,40842,0641,841,8981,222,332
2021-08-19$9.57$10.5031.4%9.0%25.6%18.5%33.0%-0.2%-0.7%-4.6M362.3M-4.2M0.972.30N/AN/A56,38254,9241,852,6721,227,014
2021-08-20$9.61$10.5030.3%8.7%25.7%13.3%32.4%-0.6%0.3%-3.3M354.3M-4.2M0.582.18N/AN/A50,50229,1801,881,0341,240,480
2021-08-23$10.06$10.5030.2%8.5%30.9%12.9%32.1%-1.3%0.4%578.5K147.1M-4.7M0.132.98N/AN/A129,05616,1681,721,5761,196,712
2021-08-24$10.07$10.5029.5%8.3%30.7%9.5%30.1%-1.1%0.5%1.8M137.3M-4.6M0.272.93N/AN/A45,17012,2281,740,7061,202,066
2021-08-25$9.93$10.5029.0%8.1%30.2%7.0%28.8%-0.7%0.5%424.6K199.1M-4.5M0.513.05N/AN/A30,16215,3101,781,9621,206,842
2021-08-26$9.87$10.5028.9%7.9%28.5%6.6%29.6%0.5%0.8%-797.5K225.8M-4.5M0.382.44N/AN/A48,55018,6701,799,8701,213,010
2021-08-27$10.11$10.5028.3%7.7%30.3%3.8%28.8%-1.8%0.5%3.1M114.4M-4.7M0.232.79N/AN/A93,93221,6661,810,9881,221,250
2021-08-30$9.87$10.5028.0%7.7%31.1%2.6%30.1%0.3%-0.4%-87.3K193.1M-4.6M0.582.70N/AN/A50,91029,4201,785,3541,204,664
2021-08-31$10.03$10.5028.3%7.7%31.7%3.7%27.7%0.1%0.2%2.2M142.1M-4.7M0.213.06N/AN/A79,58816,9581,797,4341,211,254