GOLD Options History — November 2023

In November 2023, GOLD traded between $15.16 and $17.59. ATM implied volatility averaged 28.6%, placing in the 28.8% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded below realized volatility by 1.3% (HV 20d: 29.9%). Max pain ranged from $16.00 to $16.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.38.

Notable Days

  • 2023-11-28: Highest Volume — 135,789 contracts
  • 2023-11-02: Largest IV drop — 12.8% change
  • 2023-11-01: Highest IV Rank — 46.1%
  • 2023-11-01: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.09$15.16$17.59$16.02$17.59
Max Pain$16.00$16.00$16.00$16.00$16.00
ATM IV28.6%27.3%33.2%33.2%27.3%
Expected Move8.4%7.9%10.1%10.1%8.2%
HV 20d29.9%25.3%35.0%25.4%34.8%
HV 60d26.5%24.5%29.3%24.5%29.2%
IV Rank28.8%23.5%46.1%46.1%25.6%
IV Percentile19.9%13.1%48.0%48.0%13.1%
Term Structure-0.0%-0.9%0.9%-0.4%-0.1%
VWIV30.1%28.0%35.7%35.7%29.0%
Skew 25d-0.6%-2.3%0.8%-0.2%-0.6%
Skew 10d-1.6%-9.0%2.0%-2.7%-1.5%
Call IV 25d29.5%28.0%33.7%33.7%28.5%
Put IV 25d28.9%27.6%33.5%33.5%27.9%
Bid-Ask Spread %7.991.8646.2146.212.02
Gamma HHI0.180.160.220.170.16
Net GEX10.1M3.2M21.2M9.2M21.2M
Net DEX-170.3M-444.9M-3.8M-168.8M-437.0M
Net VEX-2.7M-3.0M-2.5M-2.9M-2.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.160.880.350.36
Total Volume37,664.95215,016135,78929,96733,094
Total OI1,241,554.2381,210,1121,292,8091,217,3221,231,194

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$16.02$16.0033.2%10.1%25.4%46.1%35.7%-0.2%-0.4%9.2M-168.8M-2.9M0.3546.21N/AN/A22,2047,763871,114346,208
2023-11-02$16.05$16.0028.9%8.4%25.3%26.0%31.9%-0.3%0.4%9.3M-165.9M-2.9M0.252.40N/AN/A21,0105,249880,611350,797
2023-11-03$16.49$16.0028.4%8.3%26.2%23.8%31.3%-0.4%0.3%18.7M-253.4M-3.0M0.163.20N/AN/A46,3007,396887,270351,371
2023-11-06$16.34$16.0028.6%8.1%26.4%24.6%29.4%-2.3%0.0%11.6M-215.1M-2.9M0.412.42N/AN/A15,5766,393870,185343,382
2023-11-07$15.80$16.0028.4%8.2%29.7%23.5%29.4%0.8%0.6%7.2M-103.5M-2.7M0.342.49N/AN/A46,23215,708878,184346,296
2023-11-08$15.20$16.0028.7%8.3%32.7%25.2%29.6%0.4%0.3%3.2M-3.8M-2.5M0.312.73N/AN/A28,1268,850884,112355,667
2023-11-09$15.32$16.0029.2%8.5%32.8%27.3%33.0%-0.4%0.9%4.5M-31.5M-2.6M0.202.80N/AN/A30,8876,039894,256355,630
2023-11-10$15.18$16.0028.8%8.4%29.4%26.0%29.3%0.7%0.5%3.9M-8.9M-2.6M0.342.16N/AN/A20,4916,922914,011358,120
2023-11-13$15.16$16.0028.8%8.3%29.2%29.5%30.0%0.2%0.1%3.7M-12.2M-2.5M0.291.86N/AN/A11,5973,419904,786352,794
2023-11-14$15.75$16.0029.2%8.4%30.0%31.7%30.7%-1.1%-0.3%7.6M-107.4M-2.7M0.442.42N/AN/A30,67013,564910,440354,866
2023-11-15$15.61$16.0028.8%8.3%29.9%29.6%29.2%-0.6%-0.1%6.6M-85.3M-2.7M0.882.56N/AN/A9,6218,501918,917361,904
2023-11-16$15.84$16.0028.5%8.2%30.5%27.9%29.4%-1.1%0.1%8.9M-129.0M-2.8M0.192.32N/AN/A25,3414,701920,353363,647
2023-11-17$15.70$16.0028.3%8.2%29.0%29.2%28.7%-1.2%-0.9%6.3M-94.3M-2.6M0.529.52N/AN/A14,3857,490928,601364,208
2023-11-20$15.80$16.0027.7%7.9%28.2%26.5%28.0%0.2%-0.7%7.1M-112.2M-2.6M0.673.02N/AN/A13,2918,856866,557343,555
2023-11-21$16.20$16.0028.3%8.2%29.8%32.0%29.6%-1.6%-0.4%10.9M-195.7M-2.8M0.2011.04N/AN/A36,3237,372873,101346,309
2023-11-22$16.20$16.0027.5%7.9%29.7%26.7%28.5%-1.0%-0.3%11.0M-182.7M-2.7M0.672.47N/AN/A12,6788,494874,822350,073
2023-11-24$16.18$16.0027.7%7.9%28.9%27.9%28.4%-1.2%-0.6%9.7M-181.9M-2.7M0.6925.99N/AN/A11,0667,647879,967355,430
2023-11-27$16.57$16.0028.3%8.4%30.2%32.0%30.2%-1.1%-0.2%13.3M-250.3M-2.8M0.253.07N/AN/A33,6588,271870,753351,346
2023-11-28$17.46$16.0028.5%8.7%35.0%33.4%30.9%-1.2%0.1%19.1M-444.9M-2.9M0.1814.71N/AN/A115,52420,265881,906355,801
2023-11-29$17.37$16.0027.9%8.5%34.7%29.6%30.3%-1.5%0.1%18.8M-393.2M-2.9M0.2122.41N/AN/A41,1498,841863,066361,029
2023-11-30$17.59$16.0027.3%8.2%34.8%25.6%29.0%-0.6%-0.1%21.2M-437.0M-2.9M0.362.02N/AN/A24,3068,788867,846363,348