GOLD Options History — October 2023

In October 2023, GOLD traded between $14.16 and $16.95. ATM implied volatility averaged 34.0%, placing in the 43.5% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 6.4% (HV 20d: 27.6%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.40.

Notable Days

  • 2023-10-13: Highest Volume — 106,425 contracts
  • 2023-10-03: Largest IV spike — 6.0% change
  • 2023-10-27: Highest IV Rank — 58.5%
  • 2023-10-27: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.63$14.16$16.95$14.16$15.98
Max Pain$15.48$15.00$16.00$16.00$16.00
ATM IV34.0%31.8%36.5%33.4%34.4%
Expected Move9.8%9.1%10.9%9.2%10.3%
HV 20d27.6%24.0%32.1%24.0%25.4%
HV 60d24.3%22.4%25.4%25.0%24.5%
IV Rank43.5%32.0%58.5%38.2%51.7%
IV Percentile52.3%35.7%71.8%46.0%55.6%
Term Structure-0.4%-1.1%0.8%-0.5%-0.5%
VWIV35.0%32.1%38.2%32.3%36.8%
Skew 25d0.0%-1.3%1.5%1.5%-1.0%
Skew 10d0.1%-3.8%4.3%3.1%-1.2%
Call IV 25d34.7%32.7%37.1%33.3%35.1%
Put IV 25d34.8%32.5%38.4%34.7%34.1%
Bid-Ask Spread %6.942.1129.382.5012.63
Gamma HHI0.180.130.540.130.16
Net GEX10.0M2.4M40.4M2.4M8.9M
Net DEX-159.7M-398.3M49.5M49.5M-167.4M
Net VEX-3.0M-3.4M-2.5M-2.5M-3.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.141.310.440.32
Total Volume43,719.45516,958106,42546,40428,450
Total OI1,203,200.4091,134,3191,241,9711,134,3191,203,549

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$14.16$16.0033.4%9.2%24.0%38.2%32.3%1.5%-0.5%2.4M49.5M-2.5M0.442.50N/AN/A32,26914,135814,728319,591
2023-10-03$14.18$15.5035.4%10.0%24.1%45.8%35.5%0.0%-0.4%3.2M32.8M-2.5M0.472.20N/AN/A25,88012,199830,088319,148
2023-10-04$14.18$15.0035.7%9.8%24.0%46.8%34.6%1.1%-0.1%3.5M39.0M-2.5M0.262.58N/AN/A31,7938,192840,630320,389
2023-10-05$14.34$15.0036.5%10.4%24.7%49.8%36.1%1.5%-0.3%5.0M1.8M-2.7M0.242.59N/AN/A21,4795,199859,011321,795
2023-10-06$14.59$15.0034.6%9.7%25.9%42.6%34.1%0.7%-0.3%6.5M-34.0M-2.7M0.612.42N/AN/A32,08719,708869,409322,668
2023-10-09$14.84$15.0035.2%10.0%26.2%45.1%35.2%0.3%-0.1%5.8M-56.2M-2.8M0.422.18N/AN/A30,44412,858857,315328,079
2023-10-10$14.93$15.0033.8%9.4%26.3%39.7%33.9%0.4%-0.8%6.6M-65.8M-2.8M0.632.27N/AN/A20,19212,771872,588334,577
2023-10-11$15.16$15.0033.1%9.3%27.1%36.9%32.8%0.3%-0.4%7.5M-89.7M-2.8M0.682.24N/AN/A28,14619,101878,631342,720
2023-10-12$15.11$15.0032.5%9.1%26.5%34.8%32.1%0.7%-1.0%6.6M-74.9M-2.8M0.302.17N/AN/A29,7758,961882,689354,489
2023-10-13$15.73$15.0033.7%9.5%30.1%39.2%34.2%-0.6%-1.0%9.0M-207.9M-3.2M0.432.36N/AN/A74,54131,884884,001357,970
2023-10-16$15.84$15.0032.2%9.2%30.2%33.6%33.4%-0.1%-0.8%9.9M-194.9M-3.1M0.372.39N/AN/A24,5379,035876,225349,868
2023-10-17$16.38$15.0031.8%9.1%32.0%32.0%32.8%-0.5%-0.8%13.6M-289.6M-3.3M0.402.11N/AN/A34,41113,858882,146352,200
2023-10-18$16.48$15.0033.1%9.5%32.0%39.4%34.1%-0.6%-0.4%13.5M-302.9M-3.3M0.242.20N/AN/A41,6509,970871,810352,346
2023-10-19$16.55$16.0033.8%9.8%31.0%42.5%34.5%-0.4%-1.1%14.9M-312.8M-3.3M0.1622.47N/AN/A26,5664,356882,110356,552
2023-10-20$16.95$16.0033.6%9.7%31.4%41.5%34.8%-0.6%-0.9%40.4M-398.3M-3.4M0.2128.01N/AN/A68,53814,656883,574357,548
2023-10-23$16.55$16.0033.3%9.8%32.1%44.3%37.1%0.4%0.4%11.1M-261.7M-3.2M0.396.83N/AN/A32,19912,461828,365337,494
2023-10-24$16.56$16.0032.6%9.6%30.7%42.1%36.3%0.5%0.5%12.1M-269.3M-3.2M0.323.56N/AN/A18,3835,879842,764339,187
2023-10-25$16.64$16.0033.0%9.8%25.5%43.6%36.2%-0.4%0.8%12.9M-286.8M-3.2M1.3112.54N/AN/A17,63323,091852,380340,699
2023-10-26$16.32$16.0034.2%10.4%26.8%50.9%38.1%-0.3%0.1%7.1M-215.5M-3.2M0.1429.38N/AN/A29,2414,148861,331360,261
2023-10-27$16.31$16.0035.8%10.9%26.8%58.5%38.2%-0.5%0.3%10.1M-212.4M-3.2M0.183.76N/AN/A46,1198,075873,549358,876
2023-10-30$16.16$16.0035.5%10.5%24.7%56.9%38.0%-1.3%-0.6%9.8M-195.6M-3.1M0.343.24N/AN/A12,6574,301857,688339,371
2023-10-31$15.98$16.0034.4%10.3%25.4%51.7%36.8%-1.0%-0.5%8.9M-167.4M-3.0M0.3212.63N/AN/A21,5346,916862,602340,947