GOLD Options History — August 2024

In August 2024, GOLD traded between $16.95 and $20.63. ATM implied volatility averaged 32.7%, placing in the 47.4% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 7.2% (HV 20d: 39.9%). Max pain ranged from $16.00 to $19.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.46.

Notable Days

  • 2024-08-12: Highest Volume — 132,880 contracts
  • 2024-08-07: Largest IV drop — 23.4% change
  • 2024-08-02: Highest IV Rank — 100.0%
  • 2024-08-02: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.16$16.95$20.63$18.20$20.11
Max Pain$16.50$16.00$19.00$17.00$19.00
ATM IV32.7%27.5%43.9%32.9%27.5%
Expected Move9.4%7.8%12.3%10.7%7.8%
HV 20d39.9%30.0%45.9%30.0%41.3%
HV 60d37.9%34.0%39.9%34.0%37.8%
IV Rank47.4%19.8%100.0%66.8%19.8%
IV Percentile63.7%10.7%100.0%81.7%10.7%
Term Structure1.2%-4.9%32.6%-2.4%4.0%
VWIV33.4%27.9%42.9%39.0%27.9%
Skew 25d0.4%-2.1%5.1%-0.2%0.4%
Skew 10d0.1%-4.7%2.5%-2.3%1.7%
Call IV 25d33.0%27.1%41.2%35.7%27.1%
Put IV 25d33.4%27.5%46.2%35.5%27.5%
Bid-Ask Spread %25.4510.1837.1328.3027.81
Gamma HHI0.260.210.330.210.33
Net GEX20.2M9.9M26.1M19.0M24.3M
Net DEX-658.6M-941.6M-237.4M-500.5M-719.3M
Net VEX-4.3M-4.5M-4.1M-4.2M-4.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.181.110.530.51
Total Volume59,624.40928,358132,88050,00028,358
Total OI1,371,278.6821,317,2841,425,5341,327,2191,391,894

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-08-01$18.20$17.0032.9%10.7%30.0%66.8%39.0%-0.2%-2.4%19.0M-500.5M-4.2M0.5328.30N/AN/A32,69217,308905,895421,324
2024-08-02$17.82$17.0038.7%12.3%30.9%100.0%42.9%1.3%-2.3%14.8M-396.8M-4.2M0.5815.70N/AN/A49,42028,759912,552428,076
2024-08-05$17.16$16.0043.9%11.8%33.6%100.0%41.5%5.1%-4.9%10.3M-274.0M-4.1M0.4828.56N/AN/A44,33621,222890,848426,436
2024-08-06$17.48$16.0043.6%10.7%34.2%98.8%38.4%3.7%-2.3%12.6M-345.2M-4.2M0.3512.51N/AN/A33,91111,887910,908434,254
2024-08-07$16.95$16.0033.4%10.8%35.0%49.0%39.2%2.3%3.9%9.9M-237.4M-4.1M0.6710.18N/AN/A26,08117,528924,593437,759
2024-08-08$17.30$16.0037.2%10.4%35.0%67.5%36.8%1.7%-0.4%12.0M-307.5M-4.2M0.7017.53N/AN/A23,00316,197936,757448,127
2024-08-09$17.39$16.0037.1%10.3%33.9%66.8%36.7%0.8%0.7%12.3M-323.2M-4.2M0.6325.64N/AN/A27,97117,746942,464453,615
2024-08-12$18.91$16.0035.4%9.4%45.9%58.6%33.4%-2.1%-1.4%22.7M-681.6M-4.4M0.3423.51N/AN/A98,88633,994929,221454,966
2024-08-13$19.16$16.0033.0%9.3%43.6%47.1%33.8%-0.7%-0.5%24.4M-706.9M-4.4M0.1926.76N/AN/A49,8379,694927,674469,398
2024-08-14$19.12$16.0031.2%9.0%43.2%38.3%32.3%-0.2%0.3%23.4M-685.9M-4.3M0.4022.71N/AN/A41,08216,607919,196471,103
2024-08-15$19.09$16.0029.4%8.5%42.5%29.3%30.4%-0.6%0.4%23.6M-684.4M-4.4M0.2222.46N/AN/A38,3098,380930,948480,284
2024-08-16$19.70$16.0030.4%8.8%43.7%34.0%31.1%-1.6%0.3%20.3M-844.5M-4.4M0.1823.66N/AN/A81,10114,487942,093480,810
2024-08-19$20.21$16.0029.2%8.5%44.3%28.3%30.1%-1.0%0.5%23.9M-874.4M-4.3M0.3823.85N/AN/A54,50320,945880,735442,505
2024-08-20$20.45$16.0030.3%8.7%44.4%33.6%30.8%-1.1%-1.0%24.4M-925.4M-4.3M0.3428.17N/AN/A58,38719,934889,633450,768
2024-08-21$20.63$16.0029.9%8.6%44.3%31.7%30.3%-0.5%-0.9%25.1M-941.6M-4.5M0.4728.16N/AN/A42,54519,805898,812458,392
2024-08-22$20.23$17.0030.8%8.9%41.9%36.1%31.3%0.5%-0.5%22.8M-846.9M-4.4M0.3926.19N/AN/A22,7068,893899,818471,108
2024-08-23$20.46$17.0029.3%8.4%41.9%28.6%29.7%0.1%0.0%25.4M-888.9M-4.4M0.3133.29N/AN/A32,40210,201899,097474,187
2024-08-26$20.45$17.0030.0%8.3%42.0%32.0%31.4%-0.2%-0.2%23.3M-873.7M-4.3M1.1137.13N/AN/A28,21531,394881,013465,839
2024-08-27$20.39$17.0029.0%8.3%42.0%27.2%30.3%0.4%0.3%23.5M-848.0M-4.3M0.6533.02N/AN/A25,85916,725891,415480,396
2024-08-28$19.96$17.0028.8%8.3%42.7%26.2%29.4%1.0%32.6%21.1M-736.6M-4.3M0.2836.08N/AN/A71,86720,388903,981483,703
2024-08-29$20.32$17.0028.1%8.1%42.1%23.0%28.8%-0.3%0.8%26.1M-846.4M-4.4M0.4328.59N/AN/A26,78411,388928,681496,853
2024-08-30$20.11$19.0027.5%7.8%41.3%19.8%27.9%0.4%4.0%24.3M-719.3M-4.4M0.5127.81N/AN/A18,8119,547887,973503,921