GOLD Options History — September 2024

In September 2024, GOLD traded between $19.05 and $21.06. ATM implied volatility averaged 31.5%, placing in the 36.4% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded below realized volatility by 0.3% (HV 20d: 31.8%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.37.

Notable Days

  • 2024-09-26: Highest Volume — 79,137 contracts
  • 2024-09-25: Largest IV spike — 22.5% change
  • 2024-09-30: Highest IV Rank — 50.5%
  • 2024-09-30: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.08$19.05$21.06$19.57$19.81
Max Pain$19.90$19.00$20.00$19.00$20.00
ATM IV31.5%26.6%35.0%29.6%35.0%
Expected Move9.2%8.8%10.3%9.0%10.3%
HV 20d31.8%26.2%40.4%40.0%32.3%
HV 60d34.8%34.2%37.5%37.5%34.9%
IV Rank36.4%4.1%50.5%30.5%50.5%
IV Percentile62.2%0.4%92.1%47.2%92.1%
Term Structure0.5%-1.4%3.2%1.0%2.4%
VWIV32.8%31.4%36.4%31.8%36.4%
Skew 25d0.5%-1.9%10.4%0.1%1.1%
Skew 10d0.4%-21.7%20.1%0.5%20.1%
Call IV 25d32.4%30.9%35.2%30.9%35.2%
Put IV 25d32.9%30.8%42.9%31.0%36.4%
Bid-Ask Spread %36.0119.4550.4732.5327.12
Gamma HHI0.310.170.500.370.19
Net GEX21.6M13.0M33.0M21.0M13.0M
Net DEX-670.9M-909.0M-468.3M-598.9M-490.2M
Net VEX-4.2M-4.4M-4.1M-4.3M-4.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.150.740.740.52
Total Volume40,382.2512,85279,13726,72434,624
Total OI1,344,118.71,198,4141,447,9971,357,3371,236,348

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-09-03$19.57$19.0029.6%9.0%40.0%30.5%31.8%0.1%1.0%21.0M-598.9M-4.3M0.7432.53N/AN/A15,38511,339876,548480,789
2024-09-04$19.30$19.0029.9%9.0%40.4%31.7%32.1%-1.9%-0.3%19.0M-527.9M-4.3M0.6532.21N/AN/A16,24010,626879,780487,169
2024-09-05$19.49$20.0031.2%9.0%38.1%37.9%31.5%-0.6%3.2%20.9M-566.5M-4.4M0.2543.78N/AN/A18,7644,659882,738489,283
2024-09-06$19.05$20.0032.2%9.3%39.2%43.2%32.8%1.0%-0.8%13.4M-468.3M-4.3M0.5243.39N/AN/A21,51611,084885,941491,412
2024-09-09$19.27$20.0032.2%9.3%39.3%43.0%32.7%10.4%0.5%20.0M-532.8M-4.3M0.3239.59N/AN/A16,7845,412874,990486,691
2024-09-10$19.56$20.0031.7%9.1%26.5%40.5%32.3%0.7%0.2%22.9M-592.6M-4.3M0.4545.81N/AN/A12,6335,655881,303489,085
2024-09-11$19.70$20.0030.9%8.8%26.2%36.5%31.6%1.0%-0.1%24.9M-614.5M-4.3M0.3150.47N/AN/A9,8383,014883,719493,881
2024-09-12$20.70$20.0030.8%8.8%31.2%36.2%31.4%-0.1%-0.2%28.0M-877.2M-4.2M0.5242.05N/AN/A45,01423,215884,517495,278
2024-09-13$20.84$20.0031.0%9.0%31.2%37.2%32.7%-0.0%0.8%27.2M-909.0M-4.2M0.2645.92N/AN/A55,99714,288896,152511,301
2024-09-16$20.55$20.0031.7%9.1%30.1%40.8%32.3%-0.2%-0.1%28.0M-833.3M-4.2M0.3423.02N/AN/A18,5936,291895,919504,930
2024-09-17$20.45$20.0032.0%9.2%28.9%42.0%33.2%0.1%-0.2%27.9M-801.2M-4.2M0.2540.69N/AN/A17,4994,309900,236506,677
2024-09-18$20.18$20.0032.3%9.2%29.0%41.4%33.4%-0.5%-1.3%29.4M-726.8M-4.2M0.3542.19N/AN/A42,32814,622901,191508,493
2024-09-19$20.12$20.0030.9%8.9%28.7%31.1%31.4%-0.7%-0.1%33.0M-714.9M-4.1M0.2436.61N/AN/A40,2969,838910,356515,727
2024-09-20$20.31$20.0031.0%8.9%28.1%30.1%31.5%-0.1%-1.4%19.2M-803.6M-4.1M0.1540.57N/AN/A45,3026,974926,228521,769
2024-09-23$20.11$20.0030.3%8.8%28.0%24.7%31.5%-0.8%0.9%14.8M-588.8M-4.1M0.3319.45N/AN/A28,5209,394755,365443,049
2024-09-24$20.57$20.0026.6%9.1%29.2%4.1%32.4%0.8%0.9%16.3M-673.4M-4.1M0.3029.30N/AN/A49,99815,155766,343448,322
2024-09-25$20.69$20.0032.6%9.7%29.3%37.3%34.1%-0.1%1.4%17.9M-710.9M-4.1M0.2634.93N/AN/A33,4758,821787,128458,509
2024-09-26$21.06$20.0033.9%10.0%28.7%44.5%35.9%-0.5%2.1%20.1M-795.7M-4.1M0.4220.78N/AN/A55,91323,224801,977463,234
2024-09-27$20.27$20.0034.0%10.0%31.5%45.3%35.6%-0.2%1.1%14.9M-591.5M-4.1M0.2529.84N/AN/A32,7108,296791,428468,568
2024-09-30$19.81$20.0035.0%10.3%32.3%50.5%36.4%1.1%2.4%13.0M-490.2M-4.1M0.5227.12N/AN/A22,77911,845775,154461,194