GOLD Options History — April 2023

In April 2023, GOLD traded between $18.79 and $20.14. ATM implied volatility averaged 35.2%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 6.9% (HV 20d: 28.3%). Max pain ranged from $17.00 to $18.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.40.

Notable Days

  • 2023-04-04: Highest Volume — 250,157 contracts
  • 2023-04-04: Largest IV spike — 6.6% change
  • 2023-04-05: Highest IV Rank — 37.8%
  • 2023-04-11: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.36$18.79$20.14$18.79$19.02
Max Pain$17.37$17.00$18.00$17.00$18.00
ATM IV35.2%32.6%38.3%35.4%32.6%
Expected Move10.0%9.1%10.7%9.4%9.1%
HV 20d28.3%23.2%37.9%37.9%23.3%
HV 60d33.6%32.6%34.6%33.8%32.6%
IV Rank21.0%6.5%37.8%22.0%6.9%
IV Percentile25.1%3.2%60.3%26.6%3.6%
Term Structure-0.2%-1.1%0.5%-0.2%0.0%
VWIV35.7%32.6%39.2%34.8%32.6%
Skew 25d0.3%-1.0%1.8%0.3%1.8%
Skew 10d0.0%-3.7%3.1%-1.5%2.6%
Call IV 25d36.1%32.2%40.0%36.7%32.7%
Put IV 25d36.4%33.6%39.4%37.1%34.5%
Bid-Ask Spread %3.602.3216.043.452.32
Gamma HHI0.140.120.180.130.13
Net GEX14.7M8.9M22.7M14.1M8.9M
Net DEX-511.3M-716.1M-367.8M-472.3M-367.8M
Net VEX-4.1M-4.5M-3.9M-4.0M-3.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.220.800.330.38
Total Volume58,098.31621,224250,15753,25326,341
Total OI1,274,425.4211,153,3641,352,2991,153,3641,254,108

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$18.79$17.0035.4%9.4%37.9%22.0%34.8%0.3%-0.2%14.1M-472.3M-4.0M0.333.45N/AN/A40,09813,155750,611402,753
2023-04-04$19.56$17.0037.7%10.3%36.7%34.8%37.0%-1.0%-0.3%17.3M-615.9M-4.1M0.803.33N/AN/A138,691111,466763,282407,819
2023-04-05$19.71$17.0038.3%10.2%35.9%37.8%37.2%-0.6%-0.4%17.6M-656.5M-4.5M0.243.80N/AN/A65,68515,763827,969502,445
2023-04-06$19.68$17.0037.5%10.6%35.5%33.2%37.7%-0.8%0.3%16.6M-621.0M-4.3M0.2716.04N/AN/A44,80312,055822,339466,192
2023-04-10$19.48$17.0037.6%10.6%36.1%34.0%39.2%0.3%-0.5%16.0M-569.3M-4.3M0.492.32N/AN/A26,45113,001808,001461,545
2023-04-11$19.43$17.0037.4%10.7%27.6%33.2%38.1%-0.9%-0.1%15.9M-550.1M-4.2M0.252.66N/AN/A29,7267,292815,212469,286
2023-04-12$19.63$17.0036.5%10.3%27.5%28.2%36.7%-0.4%-0.7%18.1M-590.2M-4.2M0.403.15N/AN/A33,23113,431821,978471,174
2023-04-13$20.14$17.0036.6%10.2%27.7%28.4%37.8%-0.4%-1.1%22.7M-716.1M-4.2M0.222.94N/AN/A75,77516,361832,434479,032
2023-04-14$19.68$17.0035.0%9.9%29.5%20.0%35.6%0.8%-0.6%16.6M-594.0M-4.2M0.243.42N/AN/A52,24212,564847,825485,294
2023-04-17$19.34$17.0034.9%10.0%26.7%19.0%35.5%0.1%0.5%15.4M-508.7M-4.1M0.293.02N/AN/A35,18810,056824,399468,490
2023-04-18$19.45$17.0033.8%9.7%26.7%13.1%34.0%-0.1%0.5%16.8M-532.9M-4.1M0.282.43N/AN/A32,7969,305831,081473,929
2023-04-19$19.24$17.0033.5%9.6%24.4%11.5%33.9%-0.1%0.3%14.4M-479.5M-4.0M0.402.48N/AN/A26,02310,282841,137479,672
2023-04-20$19.18$18.0033.2%9.5%23.9%9.9%33.4%0.3%0.4%12.7M-457.0M-3.9M0.392.36N/AN/A32,75312,658849,603484,985
2023-04-21$19.02$18.0033.3%9.6%23.8%10.3%34.6%1.0%-0.1%10.7M-423.4M-3.9M0.803.17N/AN/A40,52532,417860,932491,367
2023-04-24$19.13$18.0032.6%9.4%23.7%6.5%33.2%1.4%0.1%11.4M-391.9M-3.9M0.272.43N/AN/A22,9056,179781,030432,076
2023-04-25$19.16$18.0034.3%10.1%23.7%15.8%35.3%1.5%-0.9%12.3M-406.3M-4.0M0.743.38N/AN/A20,03014,846787,680433,834
2023-04-26$18.98$18.0035.0%10.1%23.5%19.6%36.0%1.3%-1.1%10.2M-369.1M-3.9M0.672.74N/AN/A17,09911,451794,082441,959
2023-04-27$19.16$18.0034.1%10.0%23.2%14.6%35.1%1.3%-0.4%11.5M-393.5M-3.9M0.232.90N/AN/A17,2803,944799,406449,122
2023-04-28$19.02$18.0032.6%9.1%23.3%6.9%32.6%1.8%0.0%8.9M-367.8M-3.9M0.382.32N/AN/A19,0667,275805,156448,952