GOLD Options History — July 2023

In July 2023, GOLD traded between $16.23 and $17.66. ATM implied volatility averaged 29.5%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 2.8% (HV 20d: 26.7%). Max pain ranged from $17.00 to $17.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.47.

Notable Days

  • 2023-07-12: Highest Volume — 106,512 contracts
  • 2023-07-10: Largest IV spike — 5.3% change
  • 2023-07-31: Highest IV Rank — 22.4%
  • 2023-07-25: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.14$16.23$17.66$17.05$17.27
Max Pain$17.00$17.00$17.00$17.00$17.00
ATM IV29.5%26.8%31.2%26.8%31.2%
Expected Move8.6%7.5%9.1%7.5%9.0%
HV 20d26.7%19.8%30.5%19.8%29.5%
HV 60d26.0%24.1%27.4%24.1%26.3%
IV Rank15.4%4.0%22.4%4.0%22.4%
IV Percentile10.4%4.4%16.3%4.4%16.3%
Term Structure0.3%-1.3%2.1%1.2%-1.3%
VWIV30.4%26.8%31.9%26.8%31.8%
Skew 25d0.1%-0.7%1.3%0.0%-0.4%
Skew 10d0.0%-2.6%1.5%-0.4%-0.6%
Call IV 25d30.1%27.8%31.4%27.8%31.4%
Put IV 25d30.2%27.8%31.6%27.9%31.0%
Bid-Ask Spread %2.772.039.692.692.03
Gamma HHI0.120.110.140.110.12
Net GEX9.1M4.2M13.2M8.9M8.3M
Net DEX-222.5M-334.6M-83.9M-205.8M-225.3M
Net VEX-3.1M-3.3M-2.7M-3.0M-3.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.260.810.450.36
Total Volume32,182.2519,236106,51223,87525,073
Total OI1,056,582.11,004,9891,115,0461,004,9891,048,497

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$17.05$17.0026.8%7.5%19.8%4.0%26.8%0.0%1.2%8.9M-205.8M-3.0M0.452.69N/AN/A16,4367,439707,918297,071
2023-07-05$16.77$17.0027.4%7.6%20.6%6.4%27.0%0.6%1.5%7.3M-155.9M-2.9M0.792.52N/AN/A11,7749,334710,220298,089
2023-07-06$16.23$17.0028.0%8.7%23.3%9.1%30.9%-0.1%2.0%4.2M-83.9M-2.7M0.272.65N/AN/A28,4087,623715,224297,605
2023-07-07$16.34$17.0027.9%8.5%23.6%8.7%31.5%-0.4%2.1%5.2M-102.5M-2.8M0.622.64N/AN/A14,7329,115726,861301,153
2023-07-10$16.54$17.0029.4%8.7%23.9%15.0%30.9%-0.0%0.4%6.1M-128.4M-2.8M0.582.52N/AN/A20,29711,788724,522300,808
2023-07-11$16.63$17.0030.1%8.7%23.9%18.1%31.3%0.7%0.2%7.3M-146.1M-2.9M0.812.44N/AN/A21,06517,109734,512308,349
2023-07-12$17.48$17.0030.0%8.6%29.8%17.4%30.4%-0.4%0.0%12.4M-298.6M-3.2M0.349.69N/AN/A79,21527,297746,867319,372
2023-07-13$17.64$17.0029.5%8.3%29.8%15.3%29.4%0.1%-0.8%13.2M-334.6M-3.3M0.382.75N/AN/A22,5008,552777,839330,777
2023-07-14$17.38$17.0029.6%8.5%30.5%16.0%29.8%-0.4%-0.4%11.0M-286.7M-3.3M0.442.45N/AN/A25,23311,190780,575334,471
2023-07-17$17.38$17.0030.6%8.8%29.4%19.8%30.5%0.0%-0.7%11.1M-266.9M-3.2M0.692.07N/AN/A11,5557,961764,395321,044
2023-07-18$17.66$17.0029.8%8.5%29.5%16.5%29.8%-0.4%0.2%12.7M-319.0M-3.3M0.282.39N/AN/A25,8727,359768,215325,253
2023-07-19$17.66$17.0030.1%8.6%25.5%17.8%30.7%0.5%-0.4%12.9M-317.0M-3.3M0.292.29N/AN/A15,1284,426770,074327,531
2023-07-20$17.34$17.0030.4%8.8%26.8%19.0%31.1%0.8%-1.0%10.0M-257.0M-3.2M0.512.33N/AN/A20,04010,313771,040328,591
2023-07-21$17.37$17.0029.0%8.4%26.8%13.2%29.4%0.4%-0.6%10.0M-259.8M-3.2M0.432.37N/AN/A13,4065,830779,344333,422
2023-07-24$17.36$17.0029.4%8.5%26.8%14.9%30.2%-0.1%0.4%9.2M-236.4M-3.2M0.432.35N/AN/A13,8955,948718,282294,588
2023-07-25$17.56$17.0030.7%9.1%26.7%20.3%31.9%1.3%0.3%10.5M-271.7M-3.2M0.452.19N/AN/A14,9806,788723,589297,849
2023-07-26$17.24$17.0030.3%9.0%27.8%18.9%31.6%0.6%0.5%8.8M-218.1M-3.1M0.282.55N/AN/A36,56010,140730,510301,460
2023-07-27$16.79$17.0030.0%8.8%29.5%17.7%31.4%-0.7%0.6%6.0M-149.4M-3.0M0.262.14N/AN/A25,8176,717746,374308,162
2023-07-28$17.02$17.0029.9%8.7%29.8%17.1%31.0%-0.1%0.8%7.7M-187.6M-3.1M0.632.31N/AN/A16,36810,362750,241310,948
2023-07-31$17.27$17.0031.2%9.0%29.5%22.4%31.8%-0.4%-1.3%8.3M-225.3M-3.2M0.362.03N/AN/A18,3696,704739,029309,468