GOLD Options History — July 2022

In July 2022, GOLD traded between $14.85 and $18.16. ATM implied volatility averaged 42.1%, placing in the 66.6% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded below realized volatility by 27.1% (HV 20d: 69.2%). Max pain ranged from $17.00 to $21.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.52.

Notable Days

2022-07-14: Highest Volume — 82,454 contracts
2022-07-14: Largest IV spike — 9.5% change
2022-07-14: Highest IV Rank — 86.8%
2022-07-14: Largest Expected Move — 13.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.18	$14.85	$18.16	$18.16	$15.75
Max Pain	$19.05	$17.00	$21.00	$20.00	$17.00
ATM IV	42.1%	38.1%	46.6%	38.1%	42.4%
Expected Move	12.1%	10.4%	13.1%	10.4%	12.2%
HV 20d	69.2%	32.7%	256.9%	255.9%	34.3%
HV 60d	150.1%	149.5%	150.4%	149.5%	150.1%
IV Rank	66.6%	48.4%	86.8%	48.4%	67.9%
IV Percentile	93.6%	83.7%	99.2%	83.7%	93.3%
Term Structure	0.2%	-1.5%	1.6%	-1.4%	1.4%
VWIV	42.8%	36.4%	46.0%	36.4%	42.3%
Skew 25d	2.8%	1.7%	4.2%	2.8%	2.0%
Skew 10d	5.3%	0.8%	10.7%	4.2%	4.1%
Call IV 25d	41.8%	37.4%	46.9%	37.4%	41.8%
Put IV 25d	44.6%	40.2%	49.8%	40.2%	43.7%
Bid-Ask Spread %	2.82	1.89	6.93	2.19	2.35
Gamma HHI	0.09	0.06	0.15	0.07	0.15
Net GEX	-361.3K	-1.8M	3.3M	-521.6K	3.3M
Net DEX	249.1M	155.9M	318.0M	155.9M	210.3M
Net VEX	-2.6M	-3.1M	-2.3M	-3.1M	-2.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.29	0.87	0.35	0.29
Total Volume	57,148.75	33,530	82,454	52,536	57,536
Total OI	1,157,424.65	1,088,589	1,243,159	1,110,685	1,243,159

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-07-01	$18.16	$20.00	38.1%	10.4%	255.9%	48.4%	36.4%	2.8%	-1.4%	-521.6K	155.9M	-3.1M	0.35	2.19	N/A	N/A	39,031	13,505	719,562	391,123
2022-07-05	$17.40	$21.00	40.2%	12.0%	256.8%	58.2%	43.2%	2.3%	0.8%	-1.0M	201.6M	-2.9M	0.45	2.33	N/A	N/A	36,443	16,423	703,002	385,587
2022-07-06	$17.13	$21.00	41.7%	12.0%	256.9%	64.8%	42.6%	4.2%	1.1%	-1.1M	222.0M	-2.8M	0.47	2.28	N/A	N/A	38,847	18,425	719,280	394,187
2022-07-07	$17.27	$21.00	41.3%	11.9%	41.7%	62.8%	42.9%	2.5%	1.2%	-1.2M	215.6M	-2.8M	0.47	2.43	N/A	N/A	22,853	10,677	728,590	401,366
2022-07-08	$17.26	$20.00	40.1%	11.8%	41.6%	57.7%	42.5%	3.5%	0.5%	-1.4M	212.5M	-2.8M	0.61	2.48	N/A	N/A	26,470	16,277	734,359	404,488
2022-07-11	$16.91	$20.00	41.4%	12.1%	41.1%	63.4%	42.4%	2.4%	0.6%	-1.6M	239.2M	-2.8M	0.87	1.89	N/A	N/A	24,629	21,444	722,535	405,624
2022-07-12	$16.41	$20.00	42.5%	12.1%	36.9%	68.4%	41.9%	3.1%	-0.8%	-1.8M	289.6M	-2.5M	0.58	3.02	N/A	N/A	41,528	24,173	734,105	409,562
2022-07-13	$16.49	$20.00	42.6%	12.3%	35.6%	68.6%	42.9%	3.4%	0.4%	-1.2M	272.2M	-2.6M	0.71	2.61	N/A	N/A	35,521	25,232	753,232	420,815
2022-07-14	$15.86	$20.00	46.6%	13.1%	35.9%	86.8%	46.0%	2.9%	-1.5%	-1.2M	306.0M	-2.6M	0.49	2.71	N/A	N/A	55,455	26,999	762,281	434,815
2022-07-15	$15.59	$19.00	44.8%	12.7%	35.5%	78.5%	44.6%	3.3%	-0.9%	600.5K	318.0M	-2.5M	0.57	2.19	N/A	N/A	42,282	24,177	783,946	453,411
2022-07-18	$15.86	$19.00	43.1%	12.3%	34.7%	71.2%	42.8%	2.6%	0.1%	114.3K	235.6M	-2.6M	0.34	2.34	N/A	N/A	40,601	13,938	684,175	423,727
2022-07-19	$16.05	$18.00	41.8%	11.9%	35.0%	65.0%	42.0%	3.6%	0.2%	640.6K	227.3M	-2.6M	0.50	2.77	N/A	N/A	26,511	13,195	698,191	426,351
2022-07-20	$15.50	$18.00	41.3%	11.8%	35.6%	62.9%	43.1%	1.7%	0.3%	-331.6K	268.0M	-2.4M	0.36	2.01	N/A	N/A	43,815	15,615	704,241	428,659
2022-07-21	$15.52	$18.00	41.8%	12.0%	35.8%	65.0%	42.0%	1.9%	-0.9%	-3.1K	259.5M	-2.5M	0.76	2.90	N/A	N/A	28,546	21,668	726,057	435,272
2022-07-22	$15.29	$18.00	41.3%	11.9%	33.0%	63.2%	42.3%	2.4%	-0.4%	-851.5K	292.6M	-2.4M	0.44	2.94	N/A	N/A	49,973	21,914	736,143	446,209
2022-07-25	$14.85	$18.00	43.5%	12.7%	32.7%	72.8%	44.8%	2.6%	1.0%	-776.8K	296.4M	-2.3M	0.60	5.92	N/A	N/A	42,459	25,555	719,586	431,228
2022-07-26	$15.25	$18.00	43.7%	12.9%	34.2%	73.6%	44.9%	3.4%	1.6%	-366.9K	274.8M	-2.4M	0.44	2.10	N/A	N/A	27,448	12,064	732,531	445,777
2022-07-27	$15.41	$18.00	42.2%	12.3%	34.6%	67.1%	43.7%	2.9%	0.8%	301.0K	252.1M	-2.6M	0.86	2.03	N/A	N/A	36,914	31,872	741,453	448,767
2022-07-28	$15.62	$17.00	41.9%	12.0%	35.5%	65.9%	42.7%	2.4%	0.7%	1.1M	232.4M	-2.7M	0.31	6.93	N/A	N/A	55,750	17,210	757,034	458,063
2022-07-29	$15.75	$17.00	42.4%	12.2%	34.3%	67.9%	42.3%	2.0%	1.4%	3.3M	210.3M	-2.8M	0.29	2.35	N/A	N/A	44,605	12,931	779,008	464,151