GOLD Options History — April 2024

In April 2024, GOLD traded between $16.38 and $18.09. ATM implied volatility averaged 34.3%, placing in the 76.1% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 1.8% (HV 20d: 32.5%). Max pain ranged from $16.00 to $17.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.29.

Notable Days

  • 2024-04-12: Highest Volume — 180,226 contracts
  • 2024-04-12: Largest IV spike — 12.4% change
  • 2024-04-15: Highest IV Rank — 100.0%
  • 2024-04-25: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.20$16.38$18.09$16.82$16.66
Max Pain$16.36$16.00$17.00$16.00$17.00
ATM IV34.3%31.3%37.7%31.3%34.6%
Expected Move9.8%8.5%10.8%8.5%10.3%
HV 20d32.5%28.3%37.0%29.9%37.0%
HV 60d32.7%28.7%35.8%35.2%32.3%
IV Rank76.1%53.1%100.0%53.1%78.2%
IV Percentile89.1%62.3%100.0%62.3%93.3%
Term Structure-0.1%-1.1%3.5%0.7%-0.8%
VWIV35.2%30.3%38.7%30.3%37.3%
Skew 25d-1.8%-4.1%0.4%-1.8%-2.1%
Skew 10d-3.9%-5.7%-2.2%-3.2%-4.1%
Call IV 25d36.0%33.4%39.3%33.7%35.5%
Put IV 25d34.3%30.4%37.7%31.8%33.4%
Bid-Ask Spread %25.256.5748.8032.6830.78
Gamma HHI0.160.130.210.210.15
Net GEX16.1M10.3M20.8M15.7M13.3M
Net DEX-424.5M-616.3M-238.1M-403.1M-287.0M
Net VEX-3.5M-3.7M-3.2M-3.2M-3.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.170.480.300.29
Total Volume82,532.59133,444180,22672,99498,059
Total OI1,152,525.773999,1741,287,145999,1741,252,395

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$16.82$16.0031.3%8.5%29.9%53.1%30.3%-1.8%0.7%15.7M-403.1M-3.2M0.3032.68N/AN/A56,08316,911703,278295,896
2024-04-02$17.14$16.0031.8%8.7%28.3%56.3%30.8%-1.0%0.3%17.4M-464.9M-3.2M0.2835.10N/AN/A60,29417,010719,320301,618
2024-04-03$17.45$16.0033.0%8.7%28.6%64.6%30.9%-4.1%0.7%17.7M-514.1M-3.3M0.2548.80N/AN/A69,68517,362721,580310,646
2024-04-04$17.38$16.0032.7%9.3%28.7%62.5%33.2%0.4%3.5%18.1M-495.2M-3.3M0.1827.69N/AN/A62,01011,400730,977316,015
2024-04-05$17.87$16.0033.3%9.6%29.8%66.2%34.3%-2.3%0.0%20.4M-602.6M-3.4M0.2011.97N/AN/A96,71219,440754,326321,165
2024-04-08$17.76$16.0033.6%9.4%29.9%68.6%32.9%-1.3%-1.1%17.8M-543.4M-3.3M0.4811.05N/AN/A47,04022,718744,295315,337
2024-04-09$18.01$16.0033.2%9.3%30.0%68.9%34.6%-1.9%-0.4%18.6M-598.3M-3.4M0.2912.17N/AN/A63,90718,634759,475328,549
2024-04-10$17.89$16.0033.1%9.4%29.4%68.5%33.7%-1.6%-0.6%18.7M-571.4M-3.4M0.2230.40N/AN/A46,48910,359775,078337,696
2024-04-11$18.09$16.0032.5%9.4%29.0%64.8%33.1%-1.9%0.8%20.8M-616.3M-3.5M0.2317.38N/AN/A41,8439,619790,391342,410
2024-04-12$17.81$16.0036.5%10.4%28.5%99.8%36.5%-4.0%-0.0%17.2M-557.9M-3.5M0.326.57N/AN/A136,84843,378806,556346,752
2024-04-15$17.41$16.0037.7%10.7%30.3%100.0%38.2%-1.6%1.0%15.8M-445.8M-3.5M0.3517.40N/AN/A90,25131,312804,337349,500
2024-04-16$16.48$16.0036.7%10.5%36.9%93.3%38.0%-1.4%-0.6%12.1M-247.3M-3.4M0.4314.49N/AN/A104,11244,815840,851361,283
2024-04-17$16.64$17.0036.6%10.5%35.3%92.4%37.5%-1.7%-1.1%14.3M-294.3M-3.6M0.3618.88N/AN/A53,77419,468872,674382,656
2024-04-18$16.95$16.0035.8%10.3%34.4%86.5%37.6%-1.3%-1.0%18.1M-353.4M-3.7M0.4025.79N/AN/A35,40014,062886,324388,165
2024-04-19$17.02$17.0035.5%10.3%34.1%84.7%36.8%-2.4%-0.8%12.8M-353.0M-3.6M0.1928.58N/AN/A49,8009,361890,466396,679
2024-04-22$16.38$17.0034.3%10.0%35.9%76.5%35.9%-1.2%0.0%10.3M-238.1M-3.5M0.2236.66N/AN/A73,45315,826802,488349,314
2024-04-23$16.63$17.0034.1%9.9%36.2%74.6%35.6%-1.3%-0.1%12.8M-281.7M-3.5M0.2631.92N/AN/A28,6337,377826,763356,507
2024-04-24$16.49$17.0033.5%9.9%36.4%70.8%35.1%-0.8%-0.0%11.7M-266.1M-3.6M0.3230.46N/AN/A25,2628,182832,395360,415
2024-04-25$17.13$16.5035.9%10.8%36.7%87.3%38.7%-2.1%-0.8%16.6M-392.8M-3.7M0.1728.34N/AN/A94,43315,920842,183363,099
2024-04-26$17.11$16.5034.4%10.1%35.3%76.9%35.8%-1.3%-0.3%18.1M-396.2M-3.7M0.3328.59N/AN/A52,44617,400872,942372,317
2024-04-29$17.27$17.0034.7%10.4%35.2%78.9%38.4%-2.0%-0.6%16.1M-415.5M-3.7M0.3129.72N/AN/A44,83013,799857,740372,714
2024-04-30$16.66$17.0034.6%10.3%37.0%78.2%37.3%-2.1%-0.8%13.3M-287.0M-3.6M0.2930.78N/AN/A75,83922,220872,315380,080