GOLD Options History — April 2022

In April 2022, GOLD traded between $11.14 and $12.79. ATM implied volatility averaged 37.0%, placing in the 43.7% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 14.1% (HV 20d: 22.9%). Max pain ranged from $10.50 to $11.25. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.47.

Notable Days

  • 2022-04-25: Highest Volume — 163,614 contracts
  • 2022-04-21: Largest IV spike — 6.3% change
  • 2022-04-26: Highest IV Rank — 71.3%
  • 2022-04-26: Largest Expected Move — 12.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.17$11.14$12.79$12.48$11.20
Max Pain$10.82$10.50$11.25$10.50$11.25
ATM IV37.0%32.3%43.2%32.3%42.1%
Expected Move10.6%9.5%12.4%9.5%12.2%
HV 20d22.9%17.8%28.5%25.4%27.2%
HV 60d36.4%33.7%38.9%38.9%35.3%
IV Rank43.7%22.6%71.3%22.6%66.7%
IV Percentile86.4%63.5%96.8%63.5%95.6%
Term Structure-0.4%-2.2%2.1%2.1%-2.2%
VWIV38.4%34.1%45.0%34.1%45.0%
Skew 25d-0.2%-1.7%2.3%-1.1%2.3%
Skew 10d-0.9%-5.1%3.2%-2.7%2.9%
Call IV 25d38.5%33.1%43.4%33.1%42.6%
Put IV 25d38.2%32.0%45.2%32.0%44.9%
Bid-Ask Spread %2.792.163.662.643.11
Gamma HHI0.140.090.440.440.10
Net GEX21.8M11.8M51.6M51.6M14.0M
Net DEX-693.4M-978.4M-331.0M-855.0M-336.0M
Net VEX-4.6M-4.7M-4.5M-4.7M-4.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.280.750.340.43
Total Volume113,975.170,972163,61489,70874,180
Total OI2,270,996.62,122,1342,370,9202,306,1042,328,588

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$12.48$10.5032.3%9.5%25.4%22.6%34.1%-1.1%2.1%51.6M-855.0M-4.7M0.342.64N/AN/A66,97622,7321,532,088774,016
2022-04-04$12.40$10.5033.3%9.5%23.9%27.1%35.2%-0.8%-0.4%24.8M-794.0M-4.5M0.592.77N/AN/A59,42835,3221,478,264759,012
2022-04-05$12.20$10.5033.7%9.6%24.3%28.9%34.9%-1.1%-0.6%24.3M-709.4M-4.6M0.532.72N/AN/A78,44241,5441,501,728756,648
2022-04-06$12.29$10.5034.3%9.8%21.5%31.5%35.7%-1.2%0.0%25.2M-735.5M-4.7M0.752.74N/AN/A69,05651,8261,509,794769,398
2022-04-07$12.44$10.5035.0%10.0%21.7%34.6%36.1%-1.3%-0.3%27.6M-810.9M-4.7M0.432.63N/AN/A81,99034,8841,531,470777,116
2022-04-08$12.72$10.5035.8%10.0%22.8%38.0%36.5%-0.7%-0.5%31.0M-955.1M-4.6M0.362.16N/AN/A104,70637,6741,549,300780,768
2022-04-11$12.71$10.5036.4%10.2%19.2%40.8%37.6%-1.2%-0.4%27.0M-909.8M-4.6M0.552.56N/AN/A78,32443,4121,510,222770,688
2022-04-12$12.75$10.5036.6%10.3%19.2%41.9%37.4%-1.7%-1.0%28.8M-950.0M-4.6M0.282.52N/AN/A122,26234,0821,533,710779,906
2022-04-13$12.79$10.5035.3%10.0%18.8%35.9%37.1%-1.5%-0.6%28.4M-978.4M-4.6M0.412.87N/AN/A73,66830,0041,564,316787,960
2022-04-14$12.61$11.0035.3%10.0%18.7%35.8%36.4%-0.6%-0.4%17.8M-900.1M-4.7M0.372.21N/AN/A96,63035,3841,577,042793,878
2022-04-18$12.70$11.0036.0%10.3%17.8%39.1%36.9%-1.4%0.4%18.7M-812.4M-4.6M0.292.77N/AN/A100,61229,0761,396,478725,656
2022-04-19$12.44$11.0035.0%10.0%18.3%34.6%37.0%-0.8%0.4%18.3M-729.3M-4.6M0.492.74N/AN/A57,34428,1381,439,314735,802
2022-04-20$12.62$11.0034.8%10.0%18.8%33.8%35.9%-0.4%0.8%20.0M-795.7M-4.6M0.472.74N/AN/A59,01827,8181,450,682743,246
2022-04-21$12.12$11.0037.0%10.6%23.8%43.7%38.1%-0.7%0.4%15.6M-617.4M-4.6M0.313.66N/AN/A119,38636,4841,461,484748,328
2022-04-22$11.90$11.0038.8%11.0%24.6%51.5%39.7%0.4%0.5%15.3M-552.9M-4.7M0.362.99N/AN/A92,69633,8001,505,112758,622
2022-04-25$11.43$11.0040.8%11.7%28.2%60.5%42.3%1.6%-1.0%12.7M-406.7M-4.6M0.583.08N/AN/A103,44060,1741,474,642746,670
2022-04-26$11.21$11.2543.2%12.4%28.5%71.3%44.5%1.8%-2.0%12.1M-354.8M-4.6M0.712.80N/AN/A55,04638,9181,499,286761,456
2022-04-27$11.14$11.2543.1%12.3%27.8%71.0%44.6%1.9%-1.8%11.9M-331.0M-4.6M0.713.27N/AN/A55,14038,9141,514,046776,682
2022-04-28$11.21$11.2541.6%12.0%27.2%64.2%43.1%1.7%-2.1%11.8M-333.9M-4.6M0.412.85N/AN/A50,23620,7361,516,336800,178
2022-04-29$11.20$11.2542.1%12.2%27.2%66.7%45.0%2.3%-2.2%14.0M-336.0M-4.6M0.433.11N/AN/A51,85822,3221,526,576802,012