GOLD Options History — October 2021

In October 2021, GOLD traded between $8.98 and $9.78. ATM implied volatility averaged 30.9%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 7.4% (HV 20d: 23.5%). Max pain ranged from $9.50 to $10.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.38.

Notable Days

  • 2021-10-14: Highest Volume — 180,386 contracts
  • 2021-10-07: Largest IV drop — 15.0% change
  • 2021-10-06: Highest IV Rank — 47.7%
  • 2021-10-04: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.46$8.98$9.78$8.98$9.21
Max Pain$9.98$9.50$10.00$9.50$10.00
ATM IV30.9%28.8%37.2%32.1%28.9%
Expected Move8.8%8.3%9.5%8.8%8.8%
HV 20d23.5%19.6%27.0%25.7%23.1%
HV 60d26.4%25.6%26.9%26.5%26.9%
IV Rank17.2%7.3%47.7%22.9%7.8%
IV Percentile27.4%9.9%65.5%37.3%11.5%
Term Structure-0.4%-2.9%1.1%0.9%0.4%
VWIV31.6%29.9%34.1%31.7%31.5%
Skew 25d-0.7%-2.5%0.9%0.7%-1.9%
Skew 10d-1.3%-3.8%1.6%1.6%-3.3%
Call IV 25d31.7%29.5%35.6%31.5%30.1%
Put IV 25d30.9%28.2%34.8%32.1%28.2%
Bid-Ask Spread %2.552.023.152.562.72
Gamma HHI0.110.080.330.080.10
Net GEX3.8M-936.7K18.9M1.6M-936.7K
Net DEX170.1M34.7M329.1M329.1M272.4M
Net VEX-4.4M-4.7M-4.0M-4.0M-4.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.171.030.210.31
Total Volume87,881.04846,390180,38668,856136,124
Total OI2,985,6962,882,7523,054,1142,964,8483,047,650

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-10-01$8.98$9.5032.1%8.8%25.7%22.9%31.7%0.7%0.9%1.6M329.1M-4.0M0.212.56N/AN/A57,06411,7921,807,6201,157,228
2021-10-04$9.12$10.0033.8%9.5%24.7%31.3%34.1%0.1%-2.0%485.6K280.6M-4.2M0.172.55N/AN/A98,20216,4921,788,8221,146,218
2021-10-05$9.08$10.0033.0%9.3%23.6%27.4%33.1%0.9%-1.6%382.0K297.5M-4.1M0.332.44N/AN/A66,95222,1481,812,0281,150,134
2021-10-06$9.20$10.0037.2%9.3%24.3%47.7%32.9%-1.6%-2.9%1.5M255.1M-4.2M0.322.96N/AN/A41,18813,3441,827,4521,155,226
2021-10-07$9.29$10.0031.7%9.0%24.7%20.9%32.6%0.1%-0.2%2.4M224.8M-4.3M0.332.48N/AN/A49,05216,4261,849,5161,151,386
2021-10-08$9.27$10.0031.5%8.9%24.2%20.2%31.6%0.1%-0.7%5.7M225.1M-4.3M0.492.18N/AN/A60,21829,6021,863,6341,159,574
2021-10-11$9.23$10.0031.0%8.8%24.1%17.8%31.6%-0.4%0.0%6.6K257.6M-4.2M0.452.26N/AN/A32,63614,5801,821,7741,157,400
2021-10-12$9.32$10.0031.2%8.9%24.4%18.8%31.8%-0.3%0.3%478.7K237.9M-4.3M0.412.15N/AN/A58,21024,0681,834,8121,170,520
2021-10-13$9.61$10.0030.7%8.8%27.0%16.4%31.5%-0.9%-0.4%3.6M118.5M-4.4M0.272.72N/AN/A108,83229,2941,847,2701,174,498
2021-10-14$9.78$10.0029.7%8.5%22.3%11.6%30.3%-0.8%0.0%7.3M34.7M-4.6M0.322.35N/AN/A136,65043,7361,854,9021,183,352
2021-10-15$9.54$10.0028.8%8.3%23.7%7.3%29.9%0.1%0.7%-603.2K142.5M-4.4M0.612.10N/AN/A76,42246,6421,860,8361,193,278
2021-10-18$9.53$10.0029.4%8.4%23.4%10.2%30.4%-1.0%-1.4%2.9M151.3M-4.4M0.412.42N/AN/A33,70213,6841,762,4741,120,278
2021-10-19$9.63$10.0029.6%8.5%23.6%11.1%30.1%-0.1%-0.6%4.8M114.4M-4.6M0.303.11N/AN/A44,37013,3301,778,3881,132,380
2021-10-20$9.69$10.0030.1%8.6%23.4%13.5%31.1%-1.2%-1.8%5.7M82.3M-4.7M0.312.76N/AN/A63,53619,7761,813,6141,146,508
2021-10-21$9.67$10.0029.4%8.5%22.9%10.2%30.1%-0.8%-2.2%6.3M91.2M-4.6M0.443.02N/AN/A32,12014,2701,832,6501,149,722
2021-10-22$9.76$10.0030.2%8.7%22.7%14.0%31.3%-0.5%0.8%18.9M53.2M-4.7M0.252.36N/AN/A97,66024,0741,832,3601,151,678
2021-10-25$9.78$10.0029.8%9.0%22.3%11.9%31.9%-1.7%1.1%5.8M56.9M-4.7M0.292.02N/AN/A73,11021,0101,811,6481,138,798
2021-10-26$9.75$10.0029.4%8.8%22.4%10.3%31.7%-1.7%0.5%6.1M70.7M-4.7M0.332.55N/AN/A40,45613,4081,842,3741,147,818
2021-10-27$9.71$10.0030.3%8.8%19.6%14.2%32.0%-2.5%0.3%5.6M90.7M-4.6M1.032.67N/AN/A32,01032,9401,847,1161,151,900
2021-10-28$9.46$10.0030.4%8.9%20.8%14.9%32.1%-1.8%0.7%1.5M185.7M-4.4M0.373.15N/AN/A63,24023,1321,856,7861,167,994
2021-10-29$9.21$10.0028.9%8.8%23.1%7.8%31.5%-1.9%0.4%-936.7K272.4M-4.2M0.312.72N/AN/A103,95032,1741,870,4301,177,220