GOLD Options History — June 2023

In June 2023, GOLD traded between $16.12 and $17.43. ATM implied volatility averaged 27.1%, placing in the 1.4% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 4.0% (HV 20d: 23.2%). Max pain ranged from $17.00 to $17.50. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.41.

Notable Days

  • 2023-06-15: Highest Volume — 64,634 contracts
  • 2023-06-02: Largest IV drop — 5.2% change
  • 2023-06-21: Highest IV Rank — 5.3%
  • 2023-06-01: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.76$16.12$17.43$17.43$16.91
Max Pain$17.02$17.00$17.50$17.00$17.00
ATM IV27.1%25.8%31.0%31.0%26.1%
Expected Move7.8%7.3%9.4%9.4%7.3%
HV 20d23.2%19.2%28.2%28.2%19.9%
HV 60d26.8%24.0%31.5%31.4%24.0%
IV Rank1.4%0.0%5.3%0.0%1.2%
IV Percentile0.8%0.0%2.8%0.0%1.2%
Term Structure0.4%-0.5%1.1%-0.5%0.5%
VWIV28.3%25.7%33.3%33.3%26.1%
Skew 25d0.7%-0.1%1.5%0.1%0.7%
Skew 10d1.8%-0.0%3.5%1.5%1.3%
Call IV 25d27.5%26.0%31.7%31.7%26.1%
Put IV 25d28.2%26.5%31.8%31.8%26.8%
Bid-Ask Spread %4.841.8920.652.032.45
Gamma HHI0.120.090.220.100.12
Net GEX2.5M-4.4M8.6M5.3M8.6M
Net DEX-104.7M-175.7M-21.9M-168.7M-175.7M
Net VEX-2.8M-3.0M-2.6M-3.0M-3.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.110.800.460.44
Total Volume35,747.38121,09864,63454,38630,236
Total OI1,124,246.524918,9101,299,2531,179,8411,019,286

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$17.43$17.0031.0%9.4%28.2%0.0%33.3%0.1%-0.5%5.3M-168.7M-3.0M0.462.03N/AN/A37,24617,140802,951376,890
2023-06-02$17.23$17.5029.4%8.6%25.7%0.0%30.9%1.5%-0.0%2.6M-139.6M-3.0M0.111.97N/AN/A33,3713,569813,340385,687
2023-06-05$17.19$17.0028.8%8.3%25.8%0.0%30.1%0.0%1.1%2.2M-145.1M-3.0M0.443.03N/AN/A18,3788,090810,332378,274
2023-06-06$17.04$17.0028.0%8.1%25.4%0.0%29.1%1.0%0.6%757.6K-117.5M-2.9M0.5911.64N/AN/A18,42910,880822,474382,781
2023-06-07$16.98$17.0027.9%8.0%25.4%0.0%30.7%1.1%0.6%681.8K-106.1M-2.9M0.802.61N/AN/A23,48218,757831,237387,048
2023-06-08$17.11$17.0027.5%7.9%25.9%0.0%30.1%1.0%0.7%511.2K-130.9M-3.0M0.352.43N/AN/A22,8317,952845,812398,641
2023-06-09$16.98$17.0026.9%7.9%23.5%0.0%30.4%0.7%0.6%-4.2M-109.3M-2.9M0.252.95N/AN/A23,0565,746856,107399,445
2023-06-12$16.88$17.0027.0%7.8%23.1%0.4%29.3%1.0%0.0%-1.5M-92.9M-2.8M0.242.45N/AN/A23,7435,678844,030391,999
2023-06-13$16.80$17.0026.2%7.6%22.5%0.0%28.3%0.5%0.3%-2.5M-79.5M-2.8M0.352.23N/AN/A27,7509,832854,912393,634
2023-06-14$16.80$17.0025.8%7.5%21.1%0.0%26.9%0.4%0.5%-4.4M-76.8M-2.8M0.6620.65N/AN/A19,68412,973863,785394,563
2023-06-15$16.48$17.0026.7%7.7%21.2%3.6%27.2%0.3%0.1%-2.3M-21.9M-2.7M0.4919.35N/AN/A43,46221,172870,975399,219
2023-06-16$16.73$17.0026.0%7.6%19.2%0.6%26.7%-0.1%0.4%5.4M-60.2M-2.8M0.481.89N/AN/A25,85412,373893,292405,961
2023-06-20$16.12$17.0026.4%7.6%22.5%2.5%27.5%1.0%0.8%2.8M-45.4M-2.6M0.302.83N/AN/A49,72914,788648,985269,925
2023-06-21$16.21$17.0027.1%7.8%22.8%5.3%27.9%0.8%0.1%4.1M-66.5M-2.7M0.572.96N/AN/A33,33019,006674,541276,395
2023-06-22$16.32$17.0026.5%7.6%23.1%2.9%27.3%0.6%0.7%4.4M-79.2M-2.7M0.262.25N/AN/A23,2466,118688,807287,018
2023-06-23$16.41$17.0026.4%7.6%22.8%2.2%26.9%0.4%0.1%5.2M-96.2M-2.8M0.208.10N/AN/A19,2193,779695,792290,060
2023-06-26$16.61$17.0026.8%7.7%22.5%4.0%27.6%0.2%0.5%5.9M-120.7M-2.8M0.312.62N/AN/A23,6317,381682,806286,187
2023-06-27$16.63$17.0026.6%7.5%22.4%3.3%26.4%0.8%1.0%6.5M-125.4M-2.8M0.442.50N/AN/A17,6647,688693,169289,766
2023-06-28$16.55$17.0026.2%7.4%21.8%1.4%26.5%0.9%0.7%6.0M-117.6M-2.8M0.602.41N/AN/A13,2227,876700,350294,420
2023-06-29$16.59$17.0026.1%7.3%21.5%1.1%25.7%0.9%0.7%6.1M-122.7M-2.8M0.262.34N/AN/A17,6714,663707,797300,484
2023-06-30$16.91$17.0026.1%7.3%19.9%1.2%26.1%0.7%0.5%8.6M-175.7M-3.0M0.442.45N/AN/A21,0169,220716,751302,535