GOLD Options History — March 2024

In March 2024, GOLD traded between $14.96 and $16.62. ATM implied volatility averaged 29.7%, placing in the 42.6% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 0.2% (HV 20d: 29.5%). Max pain ranged from $14.00 to $16.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.29.

Notable Days

  • 2024-03-04: Highest Volume — 104,695 contracts
  • 2024-03-12: Largest IV drop — 6.1% change
  • 2024-03-04: Highest IV Rank — 66.3%
  • 2024-03-05: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.72$14.96$16.62$14.96$16.62
Max Pain$15.32$14.00$16.00$15.00$16.00
ATM IV29.7%26.9%33.3%31.7%28.6%
Expected Move8.5%7.7%9.5%9.2%8.0%
HV 20d29.5%25.2%32.0%31.5%30.0%
HV 60d34.8%33.3%36.5%35.5%35.5%
IV Rank42.6%23.7%66.3%55.5%34.9%
IV Percentile41.3%11.1%79.8%59.5%31.7%
Term Structure0.6%-0.6%3.2%-0.6%1.9%
VWIV30.2%27.2%33.9%32.6%28.2%
Skew 25d-1.1%-2.1%-0.1%-0.5%-0.5%
Skew 10d-3.0%-4.9%-1.1%-1.7%-3.0%
Call IV 25d30.9%28.1%35.0%33.0%29.2%
Put IV 25d29.8%26.9%33.2%32.5%28.8%
Bid-Ask Spread %46.5729.1556.2729.1544.63
Gamma HHI0.160.130.280.280.17
Net GEX11.8M7.4M16.3M13.7M16.3M
Net DEX-236.0M-407.1M-114.3M-114.3M-407.1M
Net VEX-2.9M-3.2M-2.5M-2.5M-3.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.160.620.460.20
Total Volume54,106.521,224104,69590,02993,016
Total OI1,060,849.75931,6291,182,0541,052,4011,030,474

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$14.96$15.0031.7%9.2%31.5%55.5%32.6%-0.5%-0.6%13.7M-114.3M-2.5M0.4629.15N/AN/A61,48528,544732,229320,172
2024-03-04$15.50$14.0033.3%9.4%32.0%66.3%33.8%-1.1%0.6%9.0M-210.7M-2.7M0.3450.93N/AN/A78,32626,369729,595314,794
2024-03-05$15.54$15.0032.5%9.5%31.5%61.2%33.9%-2.1%0.2%9.4M-222.3M-2.8M0.3949.97N/AN/A49,29219,433746,680327,424
2024-03-06$15.73$15.0032.9%9.3%31.6%63.9%33.4%-1.4%-0.0%10.4M-254.9M-2.9M0.2047.67N/AN/A55,69711,236755,297337,862
2024-03-07$15.91$15.0031.9%9.1%31.5%56.8%32.8%-1.7%0.2%12.2M-288.2M-2.9M0.2553.86N/AN/A35,9858,908775,417344,295
2024-03-08$15.84$15.0032.5%9.0%31.5%61.0%32.2%-2.1%3.2%10.7M-277.1M-2.9M0.1851.14N/AN/A44,0567,951784,351347,622
2024-03-11$15.89$15.0031.5%9.0%30.8%54.4%32.2%-1.1%-0.2%11.7M-263.0M-2.9M0.1952.55N/AN/A74,11514,049772,695331,080
2024-03-12$15.66$15.0029.6%8.5%31.5%41.4%30.0%-0.1%0.3%11.4M-229.2M-2.9M0.3853.50N/AN/A30,25811,540811,274340,313
2024-03-13$15.98$15.0029.8%8.5%26.9%43.1%30.5%-1.3%-0.2%15.2M-296.9M-2.9M0.3056.27N/AN/A30,3179,192817,722346,966
2024-03-14$15.66$15.0029.3%8.5%28.3%39.3%30.5%-0.9%0.4%11.6M-225.2M-2.9M0.2049.65N/AN/A18,9223,794825,010349,765
2024-03-15$15.77$16.0028.7%8.2%25.2%35.6%29.2%-0.4%-0.0%12.6M-237.5M-2.9M0.6253.33N/AN/A16,91710,513827,043355,011
2024-03-18$15.66$16.0027.6%7.9%25.5%27.9%29.0%-0.8%0.9%9.8M-196.4M-2.8M0.1847.30N/AN/A32,4585,797657,823273,806
2024-03-19$15.25$16.0028.4%8.2%27.6%33.5%28.6%-0.2%-0.4%7.4M-137.1M-2.7M0.3743.92N/AN/A37,68613,852675,387276,331
2024-03-20$15.71$15.5027.8%8.0%29.3%29.3%28.3%-1.8%0.7%12.2M-221.5M-2.9M0.2437.75N/AN/A30,3897,364697,241285,557
2024-03-21$15.96$15.5027.7%7.9%28.2%28.6%27.8%-0.4%0.5%15.4M-265.3M-2.9M0.2245.61N/AN/A53,53211,760705,188288,979
2024-03-22$15.57$15.5026.9%7.7%29.4%23.7%27.2%-1.9%0.9%10.6M-196.3M-2.9M0.3939.56N/AN/A28,72211,121718,868295,625
2024-03-25$15.55$15.5028.3%8.2%29.2%32.9%29.1%-1.2%0.6%10.5M-187.4M-2.9M0.3340.84N/AN/A15,9535,271705,848291,369
2024-03-26$15.57$15.5027.3%7.8%28.9%25.9%27.3%-1.7%1.5%10.9M-191.0M-2.9M0.1639.27N/AN/A28,0394,450712,369294,108
2024-03-27$16.13$16.0028.9%8.0%30.0%36.8%28.2%-1.4%1.2%16.0M-298.4M-3.1M0.2044.47N/AN/A46,5699,252718,232297,173
2024-03-28$16.62$16.0028.6%8.0%30.0%34.9%28.2%-0.5%1.9%16.3M-407.1M-3.2M0.2044.63N/AN/A77,44715,569728,077302,397