GOLD Options History — May 2024

In May 2024, GOLD traded between $16.37 and $17.91. ATM implied volatility averaged 28.6%, placing in the 36.6% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded below realized volatility by 1.9% (HV 20d: 30.5%). Max pain ranged from $15.00 to $17.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.39.

Notable Days

  • 2024-05-20: Highest Volume — 91,398 contracts
  • 2024-05-02: Largest IV drop — 10.8% change
  • 2024-05-01: Highest IV Rank — 60.9%
  • 2024-05-01: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.08$16.37$17.91$16.43$17.13
Max Pain$16.11$15.00$17.00$17.00$16.50
ATM IV28.6%27.2%32.1%32.1%28.9%
Expected Move8.2%7.7%9.2%9.2%8.5%
HV 20d30.5%24.8%36.6%36.5%24.8%
HV 60d31.0%30.1%32.4%32.3%30.3%
IV Rank36.6%26.3%60.9%60.9%38.4%
IV Percentile33.2%13.1%72.6%72.6%43.7%
Term Structure-0.3%-1.6%0.9%-0.5%-1.1%
VWIV29.5%27.5%33.0%33.0%30.0%
Skew 25d-1.2%-6.0%0.5%-1.6%0.5%
Skew 10d-1.8%-5.7%6.0%-3.1%1.0%
Call IV 25d29.7%28.0%34.4%32.9%29.5%
Put IV 25d28.5%27.1%31.3%31.3%30.1%
Bid-Ask Spread %37.2920.7753.6045.0648.83
Gamma HHI0.190.150.350.150.17
Net GEX16.5M10.4M29.2M11.7M12.7M
Net DEX-348.2M-581.7M-188.5M-229.0M-301.5M
Net VEX-3.8M-4.0M-3.5M-3.6M-3.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.170.820.320.35
Total Volume48,121.95522,05491,39872,06122,054
Total OI1,340,610.3641,263,5951,419,9911,308,5111,341,063

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$16.43$17.0032.1%9.2%36.5%60.9%33.0%-1.6%-0.5%11.7M-229.0M-3.6M0.3245.06N/AN/A54,52617,535916,649391,862
2024-05-02$16.55$17.0028.6%8.9%36.6%36.7%32.9%-6.0%0.2%11.9M-227.5M-3.5M0.4940.29N/AN/A24,25711,963926,472400,355
2024-05-03$16.37$17.0030.3%8.5%34.9%48.1%30.8%-0.5%-0.2%10.4M-188.5M-3.5M0.3153.60N/AN/A30,5119,594928,520406,161
2024-05-06$16.62$15.0030.1%8.5%35.6%46.7%30.9%-1.0%0.1%13.8M-256.1M-3.6M0.3240.02N/AN/A22,5317,189890,265394,796
2024-05-07$16.70$16.0028.8%8.3%35.2%37.8%29.2%-0.6%0.6%14.5M-264.4M-3.6M0.2839.19N/AN/A18,2445,187897,635400,083
2024-05-08$16.68$16.0028.7%8.2%35.2%37.5%29.4%-0.5%0.9%15.4M-267.4M-3.6M0.3531.51N/AN/A23,8788,355903,135402,753
2024-05-09$17.06$16.0028.3%8.1%36.0%34.7%29.9%-0.8%0.2%20.5M-353.5M-3.6M0.1735.37N/AN/A77,30813,198905,101405,369
2024-05-10$16.98$16.0027.8%7.9%35.7%30.5%28.2%-1.1%0.3%29.2M-361.4M-3.7M0.1832.01N/AN/A41,8907,476956,242411,168
2024-05-13$16.89$16.0028.7%8.0%34.9%36.9%28.8%-0.9%-0.7%19.5M-338.8M-3.7M0.3134.00N/AN/A23,1507,157950,242409,558
2024-05-14$17.09$16.0028.8%8.0%28.9%37.7%28.5%-0.1%-0.8%21.7M-388.0M-3.8M0.8133.30N/AN/A35,10628,542954,475413,111
2024-05-15$17.51$16.0028.7%8.0%29.9%37.3%29.0%-1.7%-0.5%24.6M-502.7M-3.9M0.2128.27N/AN/A49,97010,554961,312434,137
2024-05-16$17.52$16.0028.3%8.0%29.3%34.4%28.2%-2.1%0.1%25.3M-511.9M-3.9M0.4631.96N/AN/A24,63311,437971,177438,631
2024-05-17$17.82$16.0028.2%7.9%29.8%33.7%27.9%-1.0%-0.7%22.0M-581.7M-3.9M0.2331.67N/AN/A61,10714,239975,574444,417
2024-05-20$17.91$16.0027.7%7.9%25.6%30.1%28.8%-1.7%0.3%18.8M-506.3M-4.0M0.4934.75N/AN/A61,19730,201862,376401,219
2024-05-21$17.80$16.0027.2%7.7%25.6%26.3%27.5%-1.1%0.4%17.8M-475.1M-4.0M0.8233.50N/AN/A24,74620,188886,220420,765
2024-05-22$17.23$16.0027.7%7.9%28.3%30.0%28.1%-1.1%-0.3%13.4M-334.5M-3.9M0.5145.40N/AN/A45,32422,928895,381433,402
2024-05-23$16.98$16.0028.2%8.2%25.5%33.7%28.8%-1.2%-1.6%11.2M-276.8M-3.9M0.3437.45N/AN/A30,56210,252913,121438,711
2024-05-24$17.05$16.0027.2%7.9%25.6%26.9%27.9%-0.7%-1.4%12.3M-299.7M-4.0M0.6020.77N/AN/A17,54610,469916,491443,663
2024-05-28$17.44$16.0027.3%8.4%26.6%27.2%29.9%0.3%0.2%14.4M-400.3M-4.0M0.3943.72N/AN/A27,11110,624894,888440,832
2024-05-29$16.95$16.0028.7%8.4%25.4%36.9%30.4%-1.7%-0.7%10.7M-276.6M-3.9M0.4640.83N/AN/A26,89812,257905,340446,519
2024-05-30$17.09$16.0029.5%8.5%24.9%42.9%31.0%-1.8%-1.0%11.7M-318.2M-3.9M0.1738.87N/AN/A40,1536,636917,880446,357
2024-05-31$17.13$16.5028.9%8.5%24.8%38.4%30.0%0.5%-1.1%12.7M-301.5M-3.9M0.3548.83N/AN/A16,3505,704891,616449,447