GOLD Options History — April 2026

In April 2026, GOLD traded between $41.27 and $41.89. ATM implied volatility averaged 61.3%, placing in the 28.1% IV rank vs the trailing year. The 30-day expected move averaged 17.6%. IV traded above realized volatility by 4.2% (HV 20d: 57.2%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 2 of 2 trading days. Term structure was in contango for 1 of 2 days. Put/call ratio averaged 0.19.

Notable Days

2026-04-01: Highest Volume — 380 contracts
2026-04-02: Largest IV spike — 4.2% change
2026-04-02: Highest IV Rank — 28.9%
2026-04-02: Largest Expected Move — 17.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.58	$41.27	$41.89	$41.89	$41.27
Max Pain	$42.50	$40.00	$45.00	$45.00	$40.00
ATM IV	61.3%	60.1%	62.6%	60.1%	62.6%
Expected Move	17.6%	17.2%	17.9%	17.2%	17.9%
HV 20d	57.2%	56.8%	57.5%	57.5%	56.8%
HV 60d	71.6%	71.4%	71.8%	71.8%	71.4%
IV Rank	28.1%	27.3%	28.9%	27.3%	28.9%
IV Percentile	83.1%	81.0%	85.3%	81.0%	85.3%
Term Structure	1.8%	-3.1%	6.6%	6.6%	-3.1%
VWIV	64.9%	57.9%	72.0%	57.9%	72.0%
Skew 25d	5.2%	3.8%	6.5%	6.5%	3.8%
Skew 10d	9.7%	6.8%	12.6%	12.6%	6.8%
Call IV 25d	63.5%	55.3%	71.8%	55.3%	71.8%
Put IV 25d	68.7%	61.8%	75.6%	61.8%	75.6%
Bid-Ask Spread %	30.87	29.22	32.52	29.22	32.52
Gamma HHI	0.22	0.22	0.22	0.22	0.22
Net GEX	256.0K	249.4K	262.7K	262.7K	249.4K
Net DEX	-6.0M	-6.5M	-5.4M	-6.5M	-5.4M
Net VEX	-67.8K	-68.9K	-66.6K	-68.9K	-66.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.19	0.17	0.21	0.17	0.21
Total Volume	339.5	299	380	380	299
Total OI	11,337.5	11,260	11,415	11,260	11,415

Daily Data (2 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2026-04-01	$41.89	$45.00	60.1%	17.2%	57.5%	27.3%	57.9%	6.5%	6.6%	262.7K	-6.5M	-68.9K	0.17	29.22	N/A	N/A	324	56	8,824	2,436
2026-04-02	$41.27	$40.00	62.6%	17.9%	56.8%	28.9%	72.0%	3.8%	-3.1%	249.4K	-5.4M	-66.6K	0.21	32.52	N/A	N/A	248	51	8,970	2,445