GOLD Options History — August 2023

In August 2023, GOLD traded between $15.59 and $17.01. ATM implied volatility averaged 29.2%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 4.0% (HV 20d: 25.2%). Max pain ranged from $16.00 to $17.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 0.38.

Notable Days

  • 2023-08-23: Highest Volume — 64,422 contracts
  • 2023-08-08: Largest IV drop — 5.8% change
  • 2023-08-07: Highest IV Rank — 26.5%
  • 2023-08-07: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.24$15.59$17.01$17.01$16.23
Max Pain$16.35$16.00$17.00$17.00$16.00
ATM IV29.2%26.4%32.1%30.7%27.2%
Expected Move8.3%7.2%9.3%8.9%7.4%
HV 20d25.2%21.1%31.1%29.9%21.1%
HV 60d25.3%24.4%26.3%25.8%24.4%
IV Rank14.1%2.2%26.5%20.3%5.7%
IV Percentile11.5%2.4%23.0%15.5%6.7%
Term Structure-0.0%-2.0%1.0%-1.4%0.9%
VWIV30.0%25.6%34.7%34.7%27.2%
Skew 25d0.3%-1.5%1.1%-0.2%0.1%
Skew 10d-0.3%-3.5%2.6%-1.5%-1.0%
Call IV 25d29.6%27.2%32.6%31.3%27.2%
Put IV 25d29.9%27.3%32.5%31.1%27.3%
Bid-Ask Spread %2.441.887.453.222.20
Gamma HHI0.120.100.140.110.11
Net GEX5.7M2.3M8.9M7.2M7.2M
Net DEX-106.1M-184.3M-14.2M-182.2M-150.3M
Net VEX-3.0M-3.2M-2.8M-3.1M-3.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.110.720.160.25
Total Volume35,645.26114,87164,42232,37517,371
Total OI1,135,206.2171,056,6081,196,9911,056,6081,185,138

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$17.01$17.0030.7%8.9%29.9%20.3%34.7%-0.2%-1.4%7.2M-182.2M-3.1M0.163.22N/AN/A27,9234,452744,590312,018
2023-08-02$16.52$17.0031.3%9.2%31.1%22.7%33.3%-1.5%-2.0%5.5M-116.8M-3.0M0.382.55N/AN/A32,53112,521761,767314,301
2023-08-03$16.32$16.0031.5%8.9%29.1%23.9%32.1%0.4%-1.2%4.7M-89.2M-3.0M0.591.88N/AN/A24,55014,475774,975317,790
2023-08-04$16.49$16.0030.6%8.9%29.3%20.1%31.3%0.4%-1.0%6.7M-119.5M-3.1M0.402.16N/AN/A17,2606,919785,240319,074
2023-08-07$16.49$16.0032.1%9.3%28.9%26.5%34.3%0.3%1.0%5.6M-129.3M-3.1M0.642.25N/AN/A26,06516,661774,245315,954
2023-08-08$16.45$16.0030.3%8.6%28.9%18.6%32.0%0.5%0.2%5.4M-121.6M-3.0M0.302.09N/AN/A24,2567,376783,564325,695
2023-08-09$16.48$16.0029.3%8.4%22.0%14.4%29.9%-0.3%0.1%5.9M-123.1M-3.0M0.411.96N/AN/A10,5584,313787,648329,343
2023-08-10$16.63$16.0028.4%8.3%22.0%10.9%29.8%-0.7%0.7%6.7M-145.8M-3.0M0.537.45N/AN/A20,12910,611791,333330,277
2023-08-11$16.86$16.0027.8%8.1%22.3%8.1%28.4%-0.1%0.7%8.9M-184.3M-3.1M0.321.96N/AN/A30,0339,547795,646331,792
2023-08-14$16.66$17.0028.2%8.1%22.5%10.0%28.8%0.4%0.2%6.4M-148.0M-3.0M0.292.06N/AN/A13,5153,913787,101324,436
2023-08-15$16.00$17.0029.2%8.4%25.3%14.1%31.1%0.4%-0.2%2.6M-48.7M-2.8M0.482.19N/AN/A28,99714,059791,111326,630
2023-08-16$15.80$17.0029.1%8.3%25.3%13.7%29.5%0.2%-0.1%2.3M-25.4M-2.8M0.462.04N/AN/A35,30116,302807,577333,507
2023-08-17$15.63$17.0029.9%8.6%25.0%17.0%30.9%0.9%-0.3%3.1M-14.7M-2.8M0.182.47N/AN/A45,0988,299827,318335,333
2023-08-18$15.59$17.0029.2%8.3%24.9%14.1%30.6%1.0%0.5%3.9M-14.2M-2.9M0.202.06N/AN/A40,4928,078859,129337,862
2023-08-21$15.70$17.0029.1%8.3%25.2%13.7%29.4%1.1%0.3%3.5M-49.6M-2.9M0.312.19N/AN/A22,5376,999797,920320,539
2023-08-22$15.77$16.0028.5%8.1%24.7%11.3%28.4%0.7%-0.1%4.3M-58.3M-2.9M0.111.95N/AN/A37,9564,090810,911324,130
2023-08-23$16.09$16.0029.1%8.3%25.8%13.6%30.2%-0.4%-0.3%6.1M-112.4M-3.1M0.422.25N/AN/A45,34619,076815,564328,113
2023-08-24$15.96$16.0028.9%8.0%24.4%13.0%28.4%0.5%0.3%5.4M-81.2M-3.0M0.412.11N/AN/A25,12510,386827,412336,195
2023-08-25$15.93$16.0028.6%7.9%23.6%11.6%28.1%1.0%-0.2%6.7M-84.9M-3.1M0.672.11N/AN/A22,75515,254841,426343,676
2023-08-28$16.20$16.0028.4%7.8%23.9%10.7%28.1%1.1%0.5%6.8M-130.7M-3.1M0.262.11N/AN/A17,1814,499832,084346,186
2023-08-29$16.34$16.0027.7%7.6%23.8%7.9%26.8%0.5%0.1%7.8M-155.3M-3.1M0.272.89N/AN/A30,3938,260836,922347,780
2023-08-30$16.29$16.0026.4%7.2%21.5%2.2%25.6%0.2%0.8%7.4M-155.8M-3.2M0.721.88N/AN/A10,6917,688837,196353,295
2023-08-31$16.23$16.0027.2%7.4%21.1%5.7%27.2%0.1%0.9%7.2M-150.3M-3.1M0.252.20N/AN/A13,9483,423839,363345,775