GOLD Options History — December 2021

In December 2021, GOLD traded between $8.82 and $9.54. ATM implied volatility averaged 31.4%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 6.3% (HV 20d: 25.1%). Max pain ranged from $10.00 to $10.50. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.43.

Notable Days

  • 2021-12-15: Highest Volume — 133,692 contracts
  • 2021-12-07: Largest IV drop — 6.5% change
  • 2021-12-03: Highest IV Rank — 44.3%
  • 2021-12-03: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.18$8.82$9.54$9.26$9.54
Max Pain$10.07$10.00$10.50$10.50$10.00
ATM IV31.4%28.1%36.5%34.9%28.4%
Expected Move9.0%7.9%10.8%10.4%8.0%
HV 20d25.1%20.9%31.3%31.1%22.8%
HV 60d25.7%24.8%26.5%25.8%25.5%
IV Rank19.7%3.9%44.3%36.7%5.1%
IV Percentile39.3%2.8%73.0%69.8%5.2%
Term Structure0.1%-1.4%1.6%0.3%0.8%
VWIV32.7%28.5%38.6%38.0%28.5%
Skew 25d0.0%-1.5%2.0%0.2%-0.5%
Skew 10d-0.1%-3.9%4.7%-2.6%-1.0%
Call IV 25d32.5%29.3%37.6%36.0%29.9%
Put IV 25d32.5%28.3%37.5%36.2%29.4%
Bid-Ask Spread %2.592.163.183.182.21
Gamma HHI0.110.090.140.100.14
Net GEX3.1M-180.8K9.6M2.6M9.6M
Net DEX228.1M65.2M369.6M226.5M65.2M
Net VEX-4.2M-4.6M-3.9M-4.5M-4.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.180.860.340.36
Total Volume92,268.63653,050133,69298,29698,672
Total OI3,217,095.0912,960,0863,444,2063,294,4783,014,350

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$9.26$10.5034.9%10.4%31.1%36.7%38.0%0.2%0.3%2.6M226.5M-4.5M0.343.18N/AN/A73,33624,9602,096,0341,198,444
2021-12-02$9.11$10.5035.0%10.4%31.3%36.8%36.6%2.0%-0.4%797.7K273.5M-4.4M0.593.02N/AN/A70,13841,5842,105,0841,203,490
2021-12-03$9.09$10.5036.5%10.8%31.2%44.3%38.6%-0.0%0.1%2.0M270.7M-4.5M0.632.58N/AN/A64,30640,4262,130,5801,225,862
2021-12-06$9.24$10.0034.7%9.9%27.5%35.5%36.8%0.8%-1.4%2.9M230.7M-4.5M0.532.19N/AN/A66,81235,4362,113,8581,216,458
2021-12-07$9.29$10.0032.5%9.3%27.5%24.8%37.3%0.1%0.1%3.5M218.8M-4.6M0.502.66N/AN/A56,06228,3042,138,6461,223,460
2021-12-08$9.30$10.0030.9%8.9%27.2%17.0%32.6%0.6%0.7%3.0M227.8M-4.5M0.402.57N/AN/A47,41419,1602,146,8401,225,994
2021-12-09$9.09$10.0031.5%9.2%22.1%20.2%33.3%0.2%0.4%1.1M301.5M-4.2M0.442.52N/AN/A72,90832,3862,148,1241,226,134
2021-12-10$8.97$10.0030.8%8.9%21.4%16.9%32.8%-1.0%0.4%135.5K331.5M-4.1M0.412.19N/AN/A86,28435,4722,187,4041,235,972
2021-12-13$9.02$10.0031.5%9.0%21.4%20.1%32.8%0.2%-0.1%128.9K314.8M-4.1M0.522.53N/AN/A60,52031,2242,167,4321,234,664
2021-12-14$8.95$10.0032.1%9.1%20.9%23.1%33.1%0.9%0.4%712.7K333.7M-4.0M0.182.36N/AN/A103,74419,0262,178,9301,223,468
2021-12-15$8.82$10.0032.8%9.3%21.0%26.1%33.1%0.5%-0.3%-180.8K369.6M-3.9M0.703.12N/AN/A78,76854,9242,167,0061,231,158
2021-12-16$9.20$10.0032.5%9.1%26.0%24.7%32.7%-1.5%-0.6%4.0M237.2M-4.2M0.452.74N/AN/A81,50436,7742,195,3761,229,902
2021-12-17$9.21$10.0031.9%8.9%25.5%21.9%32.8%-0.4%-1.3%7.2M232.3M-4.2M0.412.32N/AN/A74,16830,1862,206,3421,237,864
2021-12-20$9.15$10.0032.4%9.1%25.3%24.4%33.0%0.5%0.8%2.6M191.1M-4.1M0.862.83N/AN/A33,43628,6561,843,3941,116,692
2021-12-21$9.21$10.0030.3%8.7%24.8%14.5%31.1%0.3%0.6%2.8M188.2M-4.1M0.282.16N/AN/A57,46215,9941,850,3561,129,758
2021-12-22$9.26$10.0029.4%8.4%24.2%10.1%30.6%0.1%-0.1%3.8M179.7M-4.1M0.422.47N/AN/A49,50020,5501,856,3161,132,112
2021-12-23$9.29$10.0028.1%8.0%24.3%3.9%28.9%-0.6%1.6%7.1M164.1M-4.1M0.202.91N/AN/A62,10212,2341,872,1321,142,104
2021-12-27$9.21$10.0029.4%8.3%24.4%10.0%30.6%-0.5%0.0%2.7M195.3M-4.0M0.272.17N/AN/A57,90815,8101,846,3241,128,054
2021-12-28$9.19$10.0028.6%8.1%24.3%6.4%29.5%-0.2%0.4%2.7M184.7M-3.9M0.372.53N/AN/A38,73014,3201,861,8301,120,496
2021-12-29$9.20$10.0028.5%7.9%24.3%5.6%28.9%-1.4%0.2%3.1M174.2M-3.9M0.323.11N/AN/A51,94016,4601,862,4861,116,858
2021-12-30$9.43$10.0028.3%7.9%23.4%5.0%28.9%-0.1%0.4%6.3M107.7M-4.0M0.222.64N/AN/A74,21216,0981,868,6841,119,620
2021-12-31$9.54$10.0028.4%8.0%22.8%5.1%28.5%-0.5%0.8%9.6M65.2M-4.1M0.362.21N/AN/A72,73825,9341,888,4481,125,902