GS Options History — July 2009

In July 2009, GS traded between $138.55 and $165.45. ATM implied volatility averaged 38.3%, placing in the 4.1% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 2.6% (HV 20d: 35.8%). Max pain ranged from $130.00 to $150.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 1.03.

Notable Days

  • 2009-07-13: Highest Volume — 244,675 contracts
  • 2009-07-14: Largest IV drop — 37.5% change
  • 2009-07-13: Highest IV Rank — 14.0%
  • 2009-07-10: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$154.16$138.55$165.45$147.32$163.30
Max Pain$144.77$130.00$150.00$130.00$150.00
ATM IV38.3%27.2%57.0%40.2%27.2%
Expected Move10.6%7.8%14.1%11.5%7.8%
HV 20d35.8%30.2%41.5%34.0%34.0%
HV 60d42.9%38.4%51.8%51.4%38.4%
IV Rank4.1%0.0%14.0%3.7%0.0%
IV Percentile11.4%0.0%38.9%10.7%0.0%
Term Structure1.6%-2.0%4.3%-0.7%4.3%
VWIV37.9%28.1%50.6%40.0%28.1%
Skew 25d5.2%3.1%8.6%4.7%3.4%
Skew 10d9.8%5.2%16.7%10.0%6.8%
Call IV 25d34.7%26.2%45.2%37.6%26.2%
Put IV 25d39.9%29.6%53.7%42.3%29.6%
Bid-Ask Spread %4.492.426.762.423.17
Gamma HHI0.120.080.250.130.12
Net GEX38.1M10.4M99.8M35.4M35.0M
Net DEX-1.89B-3.21B-979.5M-1.79B-1.85B
Net VEX-10.9M-11.6M-10.3M-11.2M-10.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.671.501.060.81
Total Volume90,791.95539,528244,67543,93939,528
Total OI792,228.227597,865999,678819,869710,158

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-07-01$147.32$130.0040.2%11.5%34.0%3.7%40.0%4.7%-0.7%35.4M-1.79B-11.2M1.062.4221,37822,561358,079461,790
2009-07-02$143.49$130.0041.6%11.9%30.2%4.6%42.2%3.1%-2.0%27.5M-1.49B-10.8M1.122.5324,70627,615360,099465,592
2009-07-06$146.46$145.0047.7%12.1%31.2%8.4%43.0%5.9%0.6%35.4M-1.75B-10.9M1.184.3527,06431,801364,618468,124
2009-07-07$142.54$145.0048.9%12.5%32.6%8.9%44.3%5.6%0.4%24.1M-1.38B-10.8M0.994.5326,45426,248368,042476,121
2009-07-08$138.55$145.0053.3%13.6%33.7%11.6%48.0%6.9%-0.1%10.4M-979.5M-10.8M1.005.1681,93782,110370,382480,350
2009-07-09$143.21$140.0053.3%14.1%35.7%11.7%50.6%8.6%-1.1%26.3M-1.51B-11.6M1.123.5654,81561,309382,569495,266
2009-07-10$141.87$140.0054.9%14.1%35.6%12.6%50.1%7.9%-1.3%16.8M-1.26B-11.6M1.114.8637,84942,191387,573513,395
2009-07-13$149.44$140.0057.0%12.9%40.3%14.0%45.5%5.6%-0.0%52.0M-2.19B-11.3M0.676.03146,08798,588394,191523,756
2009-07-14$149.66$140.0035.6%11.2%39.6%0.7%40.0%5.3%2.9%78.6M-2.25B-11.0M0.903.27117,835106,148421,119551,278
2009-07-15$155.26$145.0030.4%10.7%41.5%0.0%38.7%6.2%2.9%99.8M-3.01B-11.1M0.945.90101,47795,457430,074563,229
2009-07-16$156.84$145.0036.9%10.6%39.4%4.0%37.9%7.1%3.1%95.5M-3.21B-11.1M1.036.7661,50763,211429,000570,678
2009-07-17$156.84$145.0034.3%9.8%38.8%2.3%34.9%5.9%4.2%24.9M-3.12B-10.4M0.986.6241,91741,017416,351564,565
2009-07-20$160.03$145.0033.0%9.5%39.2%1.6%33.7%5.0%1.6%25.7M-1.63B-10.3M0.785.5040,50231,410268,225329,640
2009-07-21$159.80$150.0031.2%8.9%34.8%0.4%32.4%4.8%1.9%29.2M-1.64B-10.6M1.043.7322,52523,436283,239340,688
2009-07-22$160.46$150.0031.0%8.9%33.8%0.4%32.6%4.6%2.4%31.6M-1.71B-10.8M1.503.4920,57230,864288,899346,584
2009-07-23$165.45$150.0032.0%9.2%34.8%0.9%33.4%5.2%1.7%35.8M-2.05B-10.6M0.784.9048,84738,048291,441353,194
2009-07-24$164.72$150.0029.7%8.5%35.0%0.0%31.0%4.0%3.1%35.1M-1.96B-10.9M0.954.2226,99425,722294,202362,360
2009-07-27$163.87$150.0031.8%9.1%35.1%1.2%32.9%4.4%2.2%32.2M-1.87B-10.9M1.344.5819,42526,049298,077371,097
2009-07-28$160.54$150.0031.6%9.1%35.9%1.1%31.8%3.9%3.1%28.1M-1.65B-11.0M0.995.2926,82526,662301,507381,055
2009-07-29$159.44$150.0031.3%9.0%35.6%1.0%32.0%3.2%3.4%25.3M-1.55B-11.2M1.343.4818,84925,190306,818387,258
2009-07-30$162.42$150.0029.9%8.6%35.9%0.1%29.9%3.5%3.1%34.3M-1.81B-10.9M1.114.3630,68034,013308,720389,618
2009-07-31$163.30$150.0027.2%7.8%34.0%0.0%28.1%3.4%4.3%35.0M-1.85B-10.8M0.813.1721,80417,724311,440398,718