GOLD Options History — November 2024

In November 2024, GOLD traded between $16.62 and $19.09. ATM implied volatility averaged 31.2%, placing in the 48.8% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 0.9% (HV 20d: 30.2%). Max pain ranged from $18.00 to $19.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.50.

Notable Days

  • 2024-11-19: Highest Volume — 142,459 contracts
  • 2024-11-08: Largest IV spike — 76.0% change
  • 2024-11-01: Highest IV Rank — 78.8%
  • 2024-11-01: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.80$16.62$19.09$19.09$17.51
Max Pain$18.38$18.00$19.50$19.50$18.00
ATM IV31.2%17.8%40.1%40.1%28.6%
Expected Move9.4%8.5%12.1%12.1%8.5%
HV 20d30.2%26.2%33.3%28.3%30.4%
HV 60d30.0%28.5%33.2%33.1%30.2%
IV Rank48.8%0.0%78.8%78.8%41.4%
IV Percentile52.4%0.0%98.8%98.8%19.0%
Term Structure0.5%-2.4%10.8%-2.4%1.0%
VWIV33.6%30.2%43.1%43.1%30.2%
Skew 25d-1.4%-17.2%12.7%-0.6%0.4%
Skew 10d-3.4%-15.4%8.7%-0.4%-5.8%
Call IV 25d32.7%18.1%38.9%38.6%29.0%
Put IV 25d31.3%17.5%41.3%38.0%29.4%
Bid-Ask Spread %20.8510.7034.2734.2727.03
Gamma HHI0.230.180.270.210.24
Net GEX7.9M810.6K13.2M10.8M9.3M
Net DEX-170.5M-344.2M58.1M-337.4M-163.9M
Net VEX-3.7M-4.4M-3.1M-3.8M-4.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.251.560.280.50
Total Volume57,097.1515,579142,45937,16115,579
Total OI1,424,593.41,331,8131,520,9311,359,5751,480,098

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-11-01$19.09$19.5040.1%12.1%28.3%78.8%43.1%-0.6%-2.4%10.8M-337.4M-3.8M0.2834.27N/AN/A29,1368,025863,350496,225
2024-11-04$18.82$19.0033.7%10.5%28.4%43.5%37.6%-0.7%10.8%10.4M-300.4M-3.7M0.2820.49N/AN/A30,3898,484850,153489,449
2024-11-05$18.79$19.0037.8%10.4%28.0%66.5%36.8%2.9%-0.4%10.8M-291.6M-3.7M0.4210.81N/AN/A19,1058,052860,322493,941
2024-11-06$18.39$19.0036.2%10.0%28.8%57.5%36.4%-0.7%-0.7%7.8M-214.6M-3.6M0.6116.93N/AN/A46,53128,465864,771497,333
2024-11-07$18.45$19.0017.8%9.3%27.0%0.0%33.6%-0.1%0.7%8.5M-223.7M-3.5M0.2718.53N/AN/A64,95217,455882,032501,692
2024-11-08$18.32$19.0031.4%9.0%27.0%52.1%31.7%-0.7%-0.0%8.8M-199.2M-3.5M0.4119.84N/AN/A27,06211,197910,579506,274
2024-11-11$17.51$19.0032.0%9.1%30.6%54.5%33.0%-0.9%-0.1%3.3M-51.0M-3.2M0.4512.31N/AN/A63,13428,113887,150498,795
2024-11-12$16.99$18.0026.2%9.6%31.0%32.0%34.4%-17.2%0.5%1.6M15.0M-3.1M0.3913.52N/AN/A48,06618,926915,618506,562
2024-11-13$16.81$18.0032.1%9.2%31.0%54.6%34.1%-1.4%0.1%810.6K42.1M-3.1M0.7310.91N/AN/A26,14019,090939,335510,380
2024-11-14$16.84$18.0031.2%9.2%29.9%51.3%33.3%12.7%1.5%1.6M27.4M-3.1M0.6210.70N/AN/A73,41345,198946,030513,806
2024-11-15$16.62$18.0030.9%9.0%26.2%50.1%32.6%-9.6%0.8%2.1M58.1M-3.2M0.3910.80N/AN/A28,71211,060990,274530,657
2024-11-18$17.14$18.0031.3%9.0%30.2%51.6%32.6%-1.2%0.8%5.9M-76.4M-3.4M0.7021.80N/AN/A29,73920,920874,627457,186
2024-11-19$17.69$18.0031.7%9.1%32.4%53.1%32.4%-1.8%-0.6%9.7M-174.3M-3.7M0.3122.40N/AN/A108,80433,655886,493467,594
2024-11-20$17.88$18.0032.1%9.2%32.8%54.6%32.5%-2.4%0.1%12.4M-266.5M-4.2M0.5227.82N/AN/A39,71720,677964,972490,869
2024-11-21$18.16$18.0032.2%9.3%33.3%55.3%33.3%-1.4%-1.3%13.2M-329.8M-4.4M1.5626.41N/AN/A25,52639,796972,997502,183
2024-11-22$18.21$18.0030.5%8.8%32.3%48.5%31.1%-0.5%-0.6%13.1M-344.2M-4.3M0.4221.63N/AN/A41,35817,430978,879536,642
2024-11-25$17.70$18.0029.6%8.7%32.9%45.1%31.2%-0.8%-0.7%10.0M-221.4M-4.2M0.4729.91N/AN/A23,45211,066970,663486,132
2024-11-26$17.49$18.0029.4%8.8%31.8%44.4%31.2%-2.3%0.1%8.6M-176.6M-4.1M0.2532.54N/AN/A27,3286,785978,276496,808
2024-11-27$17.56$18.0028.6%8.5%32.1%41.3%30.2%-1.9%0.1%8.9M-181.7M-4.1M0.4128.43N/AN/A13,7735,633991,133501,588
2024-11-29$17.51$18.0028.6%8.5%30.4%41.4%30.2%0.4%1.0%9.3M-163.9M-4.1M0.5027.03N/AN/A10,3765,203975,530504,568