GOLD Options History — October 2022

In October 2022, GOLD traded between $14.22 and $16.12. ATM implied volatility averaged 46.0%, placing in the 83.1% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 8.3% (HV 20d: 37.7%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.46.

Notable Days

2022-10-21: Highest Volume — 84,338 contracts
2022-10-17: Largest IV drop — 6.8% change
2022-10-14: Highest IV Rank — 100.0%
2022-10-14: Largest Expected Move — 14.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.20	$14.22	$16.12	$15.86	$15.15
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	46.0%	42.0%	49.6%	45.7%	44.0%
Expected Move	13.3%	12.3%	14.2%	13.2%	13.3%
HV 20d	37.7%	32.9%	40.0%	38.5%	32.9%
HV 60d	34.6%	33.8%	35.5%	34.9%	34.4%
IV Rank	83.1%	64.4%	100.0%	82.1%	73.9%
IV Percentile	93.8%	79.8%	100.0%	96.8%	88.5%
Term Structure	-0.5%	-2.7%	2.0%	0.0%	-1.5%
VWIV	46.7%	43.6%	51.2%	46.7%	46.1%
Skew 25d	3.3%	2.5%	4.4%	3.2%	4.4%
Skew 10d	5.4%	2.9%	7.1%	3.5%	6.1%
Call IV 25d	45.4%	41.0%	49.1%	46.6%	41.8%
Put IV 25d	48.7%	44.7%	52.5%	49.9%	46.2%
Bid-Ask Spread %	2.93	1.87	14.51	2.51	2.62
Gamma HHI	0.09	0.07	0.11	0.10	0.09
Net GEX	4.0M	1.6M	7.8M	6.4M	2.4M
Net DEX	54.1M	-75.2M	153.0M	-48.5M	83.0M
Net VEX	-2.7M	-3.1M	-2.4M	-3.1M	-2.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.46	0.20	1.08	0.29	0.83
Total Volume	48,142.286	24,784	84,338	68,524	34,593
Total OI	1,294,166.381	1,250,735	1,341,084	1,270,772	1,314,297

Daily Data (21 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
2022-10-03	$15.86	$15.00	45.7%	13.2%	38.5%	82.1%	46.7%	3.2%	0.0%	6.4M	-48.5M	-3.1M	0.29	2.51	N/A	N/A	52,941	15,583	850,441	420,331
2022-10-04	$16.11	$15.00	44.8%	12.4%	38.7%	77.7%	43.6%	2.8%	-1.2%	7.6M	-75.2M	-3.1M	0.20	2.58	N/A	N/A	60,636	12,302	864,663	426,648
2022-10-05	$15.94	$15.00	44.6%	12.3%	37.1%	76.9%	44.5%	3.4%	-0.5%	6.8M	-41.5M	-3.1M	0.66	2.05	N/A	N/A	39,066	25,908	850,302	424,379
2022-10-06	$16.12	$15.00	45.4%	12.9%	37.0%	80.8%	44.3%	3.3%	-0.3%	7.8M	-69.1M	-3.1M	0.29	14.51	N/A	N/A	39,828	11,735	861,816	428,421
2022-10-07	$15.54	$15.00	47.0%	13.1%	38.4%	88.2%	46.7%	3.2%	-0.8%	5.6M	22.4M	-2.8M	0.26	2.51	N/A	N/A	37,933	9,977	845,632	421,563
2022-10-10	$15.31	$15.00	48.4%	13.8%	38.7%	94.9%	48.2%	2.8%	-0.4%	4.3M	41.6M	-2.8M	0.25	2.73	N/A	N/A	34,884	8,758	834,709	416,026
2022-10-11	$15.07	$15.00	49.4%	13.9%	37.9%	99.2%	48.4%	3.2%	-1.0%	3.4M	79.7M	-2.7M	0.48	2.30	N/A	N/A	23,967	11,450	847,181	418,578
2022-10-12	$15.07	$15.00	49.2%	13.9%	37.8%	98.2%	48.6%	3.5%	-0.6%	3.6M	84.0M	-2.7M	0.52	2.33	N/A	N/A	16,290	8,494	854,916	421,362
2022-10-13	$14.70	$15.00	48.5%	13.8%	37.4%	95.3%	49.7%	3.3%	-0.5%	2.5M	111.7M	-2.6M	0.33	2.42	N/A	N/A	46,374	15,253	859,194	423,495
2022-10-14	$14.22	$15.00	49.6%	14.2%	38.6%	100.0%	51.2%	3.3%	-0.2%	1.7M	149.3M	-2.5M	0.34	2.20	N/A	N/A	34,784	11,704	878,039	429,388
2022-10-17	$14.62	$15.00	46.2%	13.2%	40.0%	84.2%	46.8%	3.5%	-1.0%	2.4M	130.0M	-2.5M	0.51	2.07	N/A	N/A	30,611	15,515	871,017	424,082
2022-10-18	$14.78	$15.00	45.7%	13.1%	39.4%	81.8%	46.4%	3.5%	-2.0%	2.8M	124.1M	-2.4M	0.25	1.87	N/A	N/A	35,564	8,974	874,718	426,020
2022-10-19	$14.46	$15.00	48.0%	13.8%	39.9%	92.3%	47.5%	3.7%	-2.5%	1.9M	144.7M	-2.4M	1.08	2.11	N/A	N/A	16,709	18,007	889,433	425,810
2022-10-20	$14.46	$15.00	45.8%	13.2%	39.9%	82.0%	45.2%	2.7%	-2.7%	1.6M	153.0M	-2.4M	0.59	2.13	N/A	N/A	25,965	15,235	894,396	432,232
2022-10-21	$15.03	$15.00	44.7%	12.9%	39.4%	77.2%	45.6%	2.7%	-1.4%	4.4M	56.0M	-2.7M	0.30	2.22	N/A	N/A	65,014	19,324	904,935	436,149
2022-10-24	$15.02	$15.00	45.3%	13.6%	38.1%	79.9%	47.4%	3.3%	2.0%	2.8M	64.4M	-2.8M	0.47	2.86	N/A	N/A	26,970	12,589	859,997	413,559
2022-10-25	$15.20	$15.00	44.7%	13.5%	38.2%	77.0%	47.4%	2.5%	1.4%	3.2M	51.7M	-2.7M	0.56	2.23	N/A	N/A	25,047	14,044	871,896	420,542
2022-10-26	$15.65	$15.00	42.9%	13.1%	35.2%	68.8%	45.5%	3.4%	1.3%	4.7M	1.3M	-2.8M	0.45	2.20	N/A	N/A	34,570	15,600	878,450	422,120
2022-10-27	$15.55	$15.00	43.2%	13.3%	35.2%	70.0%	46.0%	3.3%	1.2%	4.5M	20.1M	-2.8M	0.63	2.53	N/A	N/A	26,807	16,910	884,298	428,709
2022-10-28	$15.34	$15.00	42.0%	12.7%	33.7%	64.4%	44.6%	3.6%	0.8%	4.2M	52.9M	-2.8M	0.43	2.45	N/A	N/A	24,542	10,531	892,596	435,154
2022-10-31	$15.15	$15.00	44.0%	13.3%	32.9%	73.9%	46.1%	4.4%	-1.5%	2.4M	83.0M	-2.7M	0.83	2.62	N/A	N/A	18,871	15,722	881,701	432,596