GOLD Options History — July 2024

In July 2024, GOLD traded between $16.54 and $19.23. ATM implied volatility averaged 31.0%, placing in the 53.6% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded below realized volatility by 2.2% (HV 20d: 33.2%). Max pain ranged from $17.00 to $17.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.33.

Notable Days

  • 2024-07-16: Highest Volume — 117,198 contracts
  • 2024-07-05: Largest IV spike — 11.6% change
  • 2024-07-30: Highest IV Rank — 72.9%
  • 2024-07-30: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.02$16.54$19.23$16.59$18.55
Max Pain$17.00$17.00$17.00$17.00$17.00
ATM IV31.0%25.9%33.8%28.5%33.1%
Expected Move9.3%8.3%10.1%8.4%9.9%
HV 20d33.2%28.1%42.7%42.7%32.8%
HV 60d34.7%33.6%35.9%35.0%33.9%
IV Rank53.6%17.3%72.9%35.6%67.7%
IV Percentile63.0%3.6%90.5%28.6%83.7%
Term Structure1.4%-3.0%7.8%2.9%-3.0%
VWIV33.2%29.6%36.7%30.0%35.8%
Skew 25d-0.6%-2.3%3.6%0.8%-0.5%
Skew 10d-2.0%-4.8%7.8%-0.8%7.8%
Call IV 25d32.5%27.6%34.8%29.2%33.8%
Put IV 25d31.9%29.5%34.2%30.0%33.2%
Bid-Ask Spread %22.753.8946.2946.2936.26
Gamma HHI0.200.160.220.160.21
Net GEX18.1M10.0M27.3M10.4M21.7M
Net DEX-514.7M-827.6M-221.1M-238.6M-583.6M
Net VEX-4.2M-4.3M-4.0M-4.0M-4.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.330.100.670.510.23
Total Volume47,369.27321,395117,19828,89343,823
Total OI1,292,355.8181,222,9501,366,8311,222,9501,312,445

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$16.59$17.0028.5%8.4%42.7%35.6%30.0%0.8%2.9%10.4M-238.6M-4.0M0.5146.29N/AN/A19,1899,704826,376396,574
2024-07-02$16.54$17.0025.9%8.3%42.2%17.3%29.6%3.6%7.8%10.0M-221.1M-4.0M0.4939.33N/AN/A14,3487,047834,930403,772
2024-07-03$17.34$17.0028.2%8.9%41.5%33.4%30.8%-0.3%-0.2%16.6M-405.2M-4.2M0.2243.07N/AN/A56,84212,225842,851408,902
2024-07-05$17.54$17.0031.4%8.9%41.5%56.4%33.3%-2.1%-0.1%19.1M-445.5M-4.2M0.1429.65N/AN/A58,1888,048851,304414,266
2024-07-08$17.34$17.0029.0%9.0%39.4%39.1%32.1%-1.1%4.3%15.4M-383.9M-4.1M0.6432.14N/AN/A14,8389,541854,015406,266
2024-07-09$17.38$17.0027.7%8.9%29.6%29.9%31.4%-2.3%4.1%16.0M-400.4M-4.1M0.5128.24N/AN/A14,9267,549861,427411,529
2024-07-10$17.74$17.0029.9%9.0%30.0%45.6%31.7%-1.2%1.7%18.7M-486.3M-4.2M0.3123.30N/AN/A34,71910,722864,378417,047
2024-07-11$18.12$17.0030.3%9.2%29.5%48.1%32.5%-0.5%2.9%21.6M-560.0M-4.3M0.6719.55N/AN/A68,63545,875870,485422,766
2024-07-12$18.52$17.0029.9%8.9%29.7%45.8%32.1%-1.0%1.9%27.3M-675.9M-4.2M0.423.89N/AN/A54,61222,930893,747426,818
2024-07-15$18.45$17.0031.8%9.2%28.1%58.8%32.8%-1.6%0.8%21.3M-636.4M-4.3M0.4210.50N/AN/A30,30212,677881,356428,689
2024-07-16$19.23$17.0032.5%9.4%30.2%63.5%33.7%-1.1%-1.2%21.7M-827.6M-4.3M0.1414.13N/AN/A102,52114,677892,328434,080
2024-07-17$18.91$17.0032.5%9.3%31.6%63.6%33.5%-1.5%-0.0%23.0M-753.4M-4.3M0.209.97N/AN/A45,1739,220912,537439,402
2024-07-18$18.52$17.0031.3%9.0%32.7%55.1%32.4%-0.0%-0.5%22.0M-646.6M-4.2M0.3614.44N/AN/A38,00513,674910,625442,862
2024-07-19$18.45$17.0032.6%9.4%31.3%64.8%33.8%-1.0%-0.9%14.7M-627.8M-4.3M0.3915.15N/AN/A29,26711,282915,939450,892
2024-07-22$18.41$17.0032.0%9.4%29.1%59.9%35.4%-1.0%1.8%17.2M-540.4M-4.2M0.1519.01N/AN/A26,0823,834852,998409,207
2024-07-23$18.59$17.0030.7%9.5%29.0%51.0%34.4%2.4%5.0%19.2M-581.0M-4.2M0.1017.54N/AN/A29,1203,000860,962411,088
2024-07-24$18.55$17.0033.0%9.8%28.7%67.5%34.9%-1.3%-0.0%19.3M-574.9M-4.2M0.2719.41N/AN/A23,9496,500873,413414,048
2024-07-25$17.80$17.0033.2%9.8%33.1%68.5%34.9%-1.3%-0.3%14.7M-412.9M-4.1M0.4318.58N/AN/A29,08112,383878,956414,485
2024-07-26$17.82$17.0032.7%9.7%33.0%64.9%34.2%-1.0%0.3%14.6M-403.8M-4.1M0.3716.44N/AN/A20,2627,397885,046420,220
2024-07-29$17.94$17.0033.3%10.0%32.3%69.4%35.5%-0.9%-1.4%15.3M-428.6M-4.1M0.1018.46N/AN/A32,2753,131865,501413,129
2024-07-30$18.16$17.0033.8%10.1%32.4%72.9%36.7%-0.3%4.7%18.3M-488.6M-4.2M0.2825.22N/AN/A19,1105,441889,847414,320
2024-07-31$18.55$17.0033.1%9.9%32.8%67.7%35.8%-0.5%-3.0%21.7M-583.6M-4.2M0.2336.26N/AN/A35,7168,107895,170417,275