GOLD Options History — November 2022

In November 2022, GOLD traded between $13.21 and $16.45. ATM implied volatility averaged 40.0%, placing in the 55.4% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded below realized volatility by 19.2% (HV 20d: 59.2%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.45.

Notable Days

  • 2022-11-03: Highest Volume — 139,471 contracts
  • 2022-11-08: Largest IV spike — 7.2% change
  • 2022-11-08: Highest IV Rank — 76.6%
  • 2022-11-01: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.55$13.21$16.45$15.16$16.38
Max Pain$15.90$15.00$16.00$15.00$16.00
ATM IV40.0%35.0%44.6%44.3%35.0%
Expected Move11.6%10.0%13.0%13.0%10.4%
HV 20d59.2%32.2%66.5%32.2%66.5%
HV 60d44.7%33.2%47.6%33.2%47.6%
IV Rank55.4%31.8%76.6%75.2%31.8%
IV Percentile63.5%28.6%89.3%88.5%28.6%
Term Structure-0.2%-1.7%1.6%-1.7%0.4%
VWIV41.2%36.0%46.1%45.7%36.8%
Skew 25d2.0%1.0%3.8%3.8%1.9%
Skew 10d3.4%1.6%6.2%4.7%3.4%
Call IV 25d39.8%34.7%44.3%42.6%34.7%
Put IV 25d41.8%36.6%46.3%46.3%36.6%
Bid-Ask Spread %2.391.577.172.202.07
Gamma HHI0.100.080.120.090.11
Net GEX4.1M-650.6K10.2M2.5M6.8M
Net DEX9.4M-161.4M246.7M82.9M-95.3M
Net VEX-2.8M-3.2M-2.1M-2.6M-3.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.251.150.600.31
Total Volume55,089.09511,547139,47126,05958,760
Total OI1,398,681.5241,328,4011,450,1121,328,4011,402,593

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-11-01$15.16$15.0044.3%13.0%32.2%75.2%45.7%3.8%-1.7%2.5M82.9M-2.6M0.602.20N/AN/A16,2709,789888,970439,431
2022-11-02$14.58$15.0042.7%12.7%34.6%67.9%46.1%2.1%-1.1%1.1M121.1M-2.6M0.823.11N/AN/A25,30220,731895,868442,809
2022-11-03$13.21$16.0044.1%12.7%47.6%74.2%45.7%2.9%-0.9%-650.6K246.7M-2.1M0.382.25N/AN/A100,93138,540906,360450,029
2022-11-04$14.15$16.0041.8%11.8%54.0%63.5%42.1%1.2%-1.5%282.9K170.0M-2.4M0.252.22N/AN/A71,68017,879940,896465,135
2022-11-07$14.54$16.0041.6%11.7%55.0%62.6%42.4%3.0%-0.8%1.4M119.5M-2.5M0.471.74N/AN/A36,12316,913932,625457,233
2022-11-08$15.68$16.0044.6%12.8%61.3%76.6%45.2%1.7%-0.1%5.1M-41.1M-3.0M0.352.08N/AN/A81,31628,288944,177463,355
2022-11-09$15.38$16.0044.1%12.8%61.7%74.2%46.0%2.3%0.8%4.3M-19.0M-3.0M0.472.00N/AN/A25,88812,158954,359471,065
2022-11-10$16.42$16.0041.3%12.2%64.9%61.0%42.4%2.6%1.6%8.5M-157.4M-3.2M0.321.82N/AN/A72,72323,308956,246472,686
2022-11-11$16.45$16.0041.2%12.1%63.3%61.0%42.7%2.1%1.6%10.2M-161.4M-3.1M0.402.11N/AN/A32,77613,104965,477478,918
2022-11-14$16.26$16.0041.0%11.8%63.2%59.8%42.0%2.3%-0.4%7.0M-97.1M-3.0M0.442.18N/AN/A28,88412,717943,615468,981
2022-11-15$16.05$16.0041.8%12.0%63.5%63.4%42.2%2.4%-0.9%6.2M-70.5M-3.0M0.322.36N/AN/A29,1589,467946,454470,285
2022-11-16$15.83$16.0040.2%11.5%63.1%56.3%40.9%1.7%0.5%5.3M-29.2M-2.8M0.422.12N/AN/A21,1918,961955,282471,551
2022-11-17$15.52$16.0039.6%11.3%63.7%53.2%40.0%1.4%-0.2%3.5M19.1M-2.7M0.721.57N/AN/A25,89618,562961,895475,017
2022-11-18$15.59$16.0038.5%11.0%62.3%48.2%38.7%2.9%0.8%3.7M18.5M-2.7M0.387.17N/AN/A26,12910,000969,178480,934
2022-11-21$15.30$16.0038.3%11.0%62.8%47.3%38.7%1.9%-0.9%1.9M86.2M-2.6M1.152.05N/AN/A24,30328,062896,565441,990
2022-11-22$16.02$16.0036.7%10.6%64.7%39.7%37.6%1.6%0.1%3.6M1.5M-2.8M0.282.22N/AN/A52,08614,620909,866462,263
2022-11-23$16.28$16.0035.4%10.0%64.1%33.6%36.0%1.0%-0.6%4.9M-34.4M-2.9M0.302.24N/AN/A33,6749,977921,962465,791
2022-11-25$16.20$16.0035.3%10.1%64.1%33.4%36.2%1.1%0.2%4.2M-34.6M-2.9M0.332.14N/AN/A8,6942,853936,125467,915
2022-11-28$15.57$16.0036.5%10.9%65.6%38.7%38.0%1.8%0.2%2.1M63.3M-2.7M0.501.91N/AN/A27,44513,818927,344463,051
2022-11-29$15.89$16.0036.9%11.0%65.8%40.9%39.6%1.2%-0.5%4.2M8.1M-2.9M0.252.63N/AN/A38,2939,602933,996474,020
2022-11-30$16.38$16.0035.0%10.4%66.5%31.8%36.8%1.9%0.4%6.8M-95.3M-3.0M0.312.07N/AN/A44,68814,072941,064461,529