GOLD Options History — December 2024

In December 2024, GOLD traded between $15.18 and $17.63. ATM implied volatility averaged 30.8%, placing in the 49.8% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 0.5% (HV 20d: 30.3%). Max pain ranged from $17.00 to $18.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.54.

Notable Days

  • 2024-12-05: Highest Volume — 70,151 contracts
  • 2024-12-24: Largest IV drop — 19.3% change
  • 2024-12-19: Highest IV Rank — 65.5%
  • 2024-12-19: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.39$15.18$17.63$17.34$15.48
Max Pain$17.14$17.00$18.00$18.00$17.00
ATM IV30.8%26.7%34.9%28.8%31.8%
Expected Move9.2%8.6%10.0%8.7%9.5%
HV 20d30.3%27.7%32.7%30.2%30.1%
HV 60d29.7%28.4%30.9%29.9%29.1%
IV Rank49.8%33.9%65.5%42.1%53.7%
IV Percentile46.3%1.6%83.7%24.2%58.3%
Term Structure0.6%-7.1%4.4%0.4%-0.3%
VWIV32.9%30.3%37.3%30.7%34.5%
Skew 25d-1.3%-9.4%0.6%-0.3%-0.4%
Skew 10d-4.2%-20.3%4.6%-1.4%-2.3%
Call IV 25d32.4%28.8%37.5%29.1%32.7%
Put IV 25d31.1%26.9%36.0%28.8%32.3%
Bid-Ask Spread %29.6619.1242.7219.1226.75
Gamma HHI0.190.150.240.240.17
Net GEX3.0M-2.7M11.7M7.5M-1.8M
Net DEX-12.4M-220.9M183.4M-134.9M90.1M
Net VEX-3.7M-4.1M-3.3M-3.9M-3.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.151.180.260.15
Total Volume38,326.199,67770,15127,93423,491
Total OI1,476,664.8571,408,9801,559,4881,443,7401,442,726

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-12-02$17.34$18.0028.8%8.7%30.2%42.1%30.7%-0.3%0.4%7.5M-134.9M-3.9M0.2619.12N/AN/A22,2485,686949,979493,761
2024-12-03$17.63$18.0028.5%8.8%30.9%41.1%31.1%-0.7%0.7%9.5M-180.0M-3.9M0.9934.01N/AN/A19,03918,774957,683490,569
2024-12-04$17.41$18.0028.4%8.6%31.1%40.5%30.5%-2.1%4.4%9.7M-176.4M-4.0M1.0339.91N/AN/A14,65215,066964,517482,481
2024-12-05$16.91$17.0028.6%8.8%31.8%41.1%31.4%-0.6%0.3%5.3M-61.4M-3.8M0.9130.99N/AN/A36,70033,451964,807492,010
2024-12-06$16.76$17.0027.9%8.7%31.7%38.7%30.3%-0.8%0.7%4.3M-45.1M-3.7M1.1824.59N/AN/A30,10635,375979,149498,674
2024-12-09$17.07$17.0029.5%9.1%32.7%44.9%33.2%0.6%1.7%6.7M-108.9M-3.9M0.6424.60N/AN/A31,97020,465981,200509,649
2024-12-10$17.21$17.0029.5%9.1%29.0%44.9%32.3%-1.1%2.0%8.0M-137.1M-4.0M0.3925.54N/AN/A6,9792,698985,371510,796
2024-12-11$17.57$17.0029.8%9.2%27.7%46.1%32.8%-0.7%2.2%11.7M-220.9M-4.1M0.3328.95N/AN/A27,5419,050987,810511,005
2024-12-12$17.23$17.0030.1%9.3%28.4%46.9%32.8%-0.8%3.1%8.5M-148.7M-4.0M0.4324.28N/AN/A20,7298,902987,466510,089
2024-12-13$16.77$17.0030.9%9.3%30.2%50.3%34.3%-1.5%2.6%4.0M-44.6M-3.7M0.5224.71N/AN/A27,19114,116997,673513,657
2024-12-16$16.31$17.0032.7%9.5%31.4%57.2%34.7%-1.9%-0.2%654.4K39.0M-3.6M0.5431.21N/AN/A28,47415,457990,094516,420
2024-12-17$16.23$17.0032.6%9.4%29.1%56.7%33.3%-1.2%-0.7%720.7K42.8M-3.7M0.5325.29N/AN/A21,70411,4141,003,825520,168
2024-12-18$15.48$17.0034.4%9.8%30.2%63.4%35.8%-2.0%0.3%-2.2M157.4M-3.4M0.4532.66N/AN/A39,74817,7011,003,337522,899
2024-12-19$15.18$17.0034.9%10.0%29.8%65.5%37.3%-1.5%0.1%-2.7M183.4M-3.3M0.7524.53N/AN/A28,02821,1391,029,658522,537
2024-12-20$15.52$17.0033.6%9.7%30.6%60.7%35.0%-0.5%-0.6%222.1K117.2M-3.6M0.5722.94N/AN/A30,08917,2451,042,381517,107
2024-12-23$15.57$17.0033.1%9.5%30.6%58.4%33.8%-0.7%0.6%-1.8M92.0M-3.5M0.3435.97N/AN/A28,0509,574914,381494,599
2024-12-24$15.68$17.0026.7%8.8%30.0%33.9%31.0%-9.4%-7.1%-922.4K65.6M-3.5M0.7335.79N/AN/A7,1355,228930,962494,735
2024-12-26$15.78$17.0031.4%9.1%30.3%52.2%31.9%0.1%0.7%-608.0K53.4M-3.5M0.1932.43N/AN/A32,5816,168932,927495,770
2024-12-27$15.65$17.0031.5%9.0%30.1%52.4%31.7%-1.2%1.2%-1.0M67.7M-3.5M0.2535.78N/AN/A24,0906,092938,753497,536
2024-12-30$15.50$17.0032.1%9.4%30.1%54.7%33.3%-0.1%0.5%-1.9M89.2M-3.5M0.2642.72N/AN/A24,3726,332936,488494,313
2024-12-31$15.48$17.0031.8%9.5%30.1%53.7%34.5%-0.4%-0.3%-1.8M90.1M-3.5M0.1526.75N/AN/A20,4713,020945,814496,912