GOLD Options History — February 2024

In February 2024, GOLD traded between $14.04 and $15.93. ATM implied volatility averaged 31.4%, placing in the 53.2% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 3.4% (HV 20d: 34.8%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.60.

Notable Days

  • 2024-02-14: Highest Volume — 82,462 contracts
  • 2024-02-13: Largest IV spike — 9.4% change
  • 2024-02-13: Highest IV Rank — 80.2%
  • 2024-02-13: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.75$14.04$15.93$15.93$14.73
Max Pain$15.72$15.00$16.00$16.00$15.00
ATM IV31.4%29.6%35.3%32.6%29.6%
Expected Move9.0%8.3%10.1%9.3%8.5%
HV 20d34.8%27.0%43.7%42.5%31.7%
HV 60d36.0%34.8%37.2%36.6%35.4%
IV Rank53.2%41.6%80.2%60.0%41.6%
IV Percentile55.9%41.7%88.9%66.3%41.7%
Term Structure0.0%-1.0%1.3%-0.5%-0.4%
VWIV32.0%29.3%35.8%33.3%29.7%
Skew 25d0.1%-1.0%1.3%1.0%-0.1%
Skew 10d-0.2%-3.3%1.5%1.1%-0.4%
Call IV 25d32.0%30.2%36.5%32.5%30.2%
Put IV 25d32.1%29.5%36.5%33.5%30.1%
Bid-Ask Spread %18.952.1731.1322.044.05
Gamma HHI0.160.110.190.120.13
Net GEX1.6M-637.0K6.1M6.1M5.6M
Net DEX19.9M-106.4M126.7M-106.4M-66.1M
Net VEX-2.3M-2.5M-2.1M-2.4M-2.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.161.731.470.38
Total Volume47,490.1517,99882,46270,22347,493
Total OI978,435.3859,5351,048,147859,5351,048,147

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$15.93$16.0032.6%9.3%42.5%60.0%33.3%1.0%-0.5%6.1M-106.4M-2.4M1.4722.04N/AN/A28,42041,803588,497271,038
2024-02-02$15.39$16.0032.1%9.3%43.7%56.5%32.8%1.2%-0.3%937.9K-11.3M-2.3M0.6125.52N/AN/A32,24919,579605,949305,663
2024-02-05$15.16$16.0032.7%9.3%43.6%60.5%32.9%0.5%0.1%874.2K10.8M-2.3M0.3221.19N/AN/A25,4038,063608,907304,217
2024-02-06$15.07$16.0031.9%9.1%42.9%55.5%32.2%0.7%-0.1%585.3K27.5M-2.3M0.4014.88N/AN/A21,4408,617619,994312,938
2024-02-07$14.96$16.0032.1%9.0%42.7%56.3%32.4%0.5%-1.0%-116.3K38.3M-2.3M0.5020.59N/AN/A17,8058,822630,675316,772
2024-02-08$14.86$16.0031.7%9.1%42.7%53.8%33.3%0.8%-0.2%-394.8K52.5M-2.3M0.3522.75N/AN/A13,3424,656632,768319,479
2024-02-09$14.66$16.0031.6%9.1%42.7%53.1%33.4%0.1%0.3%-637.0K72.6M-2.2M1.0921.02N/AN/A20,87022,815638,156322,235
2024-02-12$14.73$16.0032.3%9.2%40.9%57.9%32.7%0.4%-0.4%-484.8K63.6M-2.2M1.3421.31N/AN/A20,61727,546626,667323,231
2024-02-13$14.11$16.0035.3%10.1%28.4%80.2%35.8%-0.0%-0.2%-240.1K113.2M-2.1M0.5520.64N/AN/A51,62228,531636,118320,696
2024-02-14$14.04$16.0032.4%9.3%27.0%60.6%34.0%1.3%0.9%-501.8K126.7M-2.1M0.8820.73N/AN/A43,95938,503664,964338,724
2024-02-15$14.61$16.0031.8%9.1%31.3%56.3%32.5%-0.2%1.3%2.6M22.5M-2.3M0.312.17N/AN/A54,74016,751681,216322,605
2024-02-16$14.64$16.0031.4%8.9%31.2%53.7%31.8%-1.0%0.9%2.2M18.4M-2.4M0.188.71N/AN/A43,5847,984702,256333,542
2024-02-20$14.73$16.0031.0%8.7%31.3%51.2%31.8%-0.5%-0.0%2.7M-170.3K-2.3M0.1627.35N/AN/A41,3616,678649,606311,093
2024-02-21$14.73$16.0030.5%8.6%29.2%48.0%30.5%0.3%0.1%3.0M-4.9M-2.4M0.2229.92N/AN/A34,7337,799675,600314,573
2024-02-22$14.43$15.5029.6%8.4%28.0%41.9%29.9%-0.7%0.9%999.7K36.7M-2.3M0.2131.13N/AN/A26,7925,524693,126317,985
2024-02-23$14.75$15.0030.0%8.3%29.3%44.1%29.3%-0.9%-0.5%2.6M-20.8M-2.4M0.4420.10N/AN/A42,00318,432702,724321,661
2024-02-26$14.64$15.0030.3%8.5%29.3%46.1%31.0%-0.6%-0.2%2.3M-5.0M-2.4M0.2924.78N/AN/A21,3706,190704,746325,981
2024-02-27$14.54$15.0030.0%8.6%28.9%44.6%30.2%-0.6%-0.3%1.8M-2.3M-2.4M0.487.27N/AN/A16,1637,835709,823325,262
2024-02-28$14.30$15.0029.8%8.6%29.3%42.9%30.1%-0.2%0.3%1.1M32.1M-2.3M1.7312.92N/AN/A21,84637,863715,766325,306
2024-02-29$14.73$15.0029.6%8.5%31.7%41.6%29.7%-0.1%-0.4%5.6M-66.1M-2.5M0.384.05N/AN/A34,44713,046726,354321,793