GS Options History — July 2014

In July 2014, GS traded between $163.42 and $176.82. ATM implied volatility averaged 16.4%, placing in the 10.6% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 2.6% (HV 20d: 13.8%). Max pain ranged from $160.00 to $165.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.65.

Notable Days

  • 2014-07-15: Highest Volume — 36,962 contracts
  • 2014-07-15: Largest IV drop — 16.2% change
  • 2014-07-10: Highest IV Rank — 30.1%
  • 2014-07-31: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$170.56$163.42$176.82$166.81$172.87
Max Pain$161.14$160.00$165.00$160.00$165.00
ATM IV16.4%14.4%19.9%16.5%17.6%
Expected Move5.4%5.2%5.9%5.5%5.9%
HV 20d13.8%11.0%16.1%11.7%16.1%
HV 60d14.5%13.5%16.2%16.2%13.8%
IV Rank10.6%0.0%30.1%9.8%19.1%
IV Percentile14.6%0.0%51.2%12.3%28.2%
Term Structure-0.3%-1.2%0.6%-0.2%-0.4%
VWIV19.0%17.7%21.1%18.7%21.1%
Skew 25d2.2%1.4%3.5%2.3%2.6%
Skew 10d4.8%3.9%6.1%4.1%6.0%
Call IV 25d15.5%13.4%19.3%15.6%16.6%
Put IV 25d17.7%15.4%20.7%17.9%19.2%
Bid-Ask Spread %19.2912.6624.7920.5317.06
Gamma HHI0.160.090.380.130.09
Net GEX42.0M11.2M95.0M18.5M24.4M
Net DEX-487.3M-826.3M-37.1M-234.3M-441.6M
Net VEX-7.1M-7.6M-6.7M-7.0M-7.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.331.360.641.36
Total Volume20,214.0917,67136,96217,77514,655
Total OI278,581.682243,421311,221267,042269,117

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-07-01$166.81$160.0016.5%5.5%11.7%9.8%18.7%2.3%-0.2%18.5M-234.3M-7.0M0.6420.5310,8266,949121,091145,951
2014-07-02$166.89$160.0016.6%5.5%11.7%10.0%19.2%2.4%-0.4%24.4M-262.3M-7.0M0.5024.7912,0336,017125,198148,209
2014-07-03$169.46$160.0016.1%5.4%12.7%7.3%18.9%1.7%-0.1%45.1M-470.6M-7.1M0.3317.8113,5604,496129,303151,081
2014-07-07$167.78$160.0017.5%5.4%11.0%16.1%18.4%1.9%-1.1%28.9M-333.2M-6.9M0.3920.8010,4834,097127,725148,922
2014-07-08$164.91$160.0018.9%5.6%12.7%24.3%19.5%1.8%-0.9%13.8M-129.6M-6.9M0.5816.0819,03310,991131,266150,078
2014-07-09$164.67$160.0018.6%5.5%12.6%22.4%18.9%2.1%-0.7%17.9M-118.8M-7.0M0.5823.2310,9786,409135,386151,558
2014-07-10$163.42$160.0019.9%5.5%12.8%30.1%19.0%1.4%-1.2%11.2M-37.1M-7.2M0.6720.6011,4177,639139,944154,407
2014-07-11$164.80$160.0019.1%5.5%13.1%25.2%20.5%1.8%-0.6%34.7M-169.0M-7.3M0.8617.168,1027,006145,384156,403
2014-07-14$167.00$160.0018.2%5.5%14.0%19.8%19.8%1.7%-0.5%44.1M-381.1M-7.0M0.7521.2320,80015,528141,753153,850
2014-07-15$169.17$160.0015.2%5.3%14.6%1.9%18.6%1.5%-0.0%80.0M-558.9M-7.0M0.4617.8025,37411,588145,547161,305
2014-07-16$170.47$160.0014.4%5.2%14.0%0.0%17.9%1.8%0.1%95.0M-697.3M-7.1M0.3323.0025,1358,360147,015164,206
2014-07-17$170.14$160.0015.5%5.4%13.6%6.4%18.9%1.8%-0.2%83.9M-617.0M-7.1M0.4819.8820,6029,789147,531162,472
2014-07-18$171.47$160.0014.4%5.2%13.9%0.2%18.4%2.1%0.0%55.3M-759.8M-7.0M0.3422.0513,4124,581145,854164,779
2014-07-21$171.72$160.0014.6%5.4%13.9%1.4%18.9%2.2%0.6%41.0M-487.8M-6.8M1.0320.275,9166,109112,442130,979
2014-07-22$175.02$160.0014.5%5.3%15.4%0.4%17.7%2.3%0.6%47.7M-703.5M-6.9M0.4123.6120,5498,480114,871134,839
2014-07-23$176.82$160.0014.7%5.3%14.8%1.9%18.6%2.8%-0.2%50.5M-826.3M-6.7M0.5818.5414,4198,320118,071138,684
2014-07-24$176.26$160.0015.1%5.3%15.0%3.8%18.7%2.2%0.5%47.7M-772.9M-7.1M0.9023.177,6666,888121,464141,975
2014-07-25$175.40$165.0015.0%5.4%15.1%3.5%17.8%2.3%0.6%38.4M-711.7M-7.3M0.5612.6610,1935,658122,909144,523
2014-07-28$175.95$165.0015.9%5.6%14.7%8.7%18.3%3.5%-0.8%41.9M-683.4M-7.0M0.7214.454,4613,210118,023140,204
2014-07-29$175.54$165.0015.9%5.6%14.8%8.9%20.6%2.5%-0.4%39.7M-647.5M-7.3M1.1312.794,9555,610119,421141,294
2014-07-30$175.76$165.0016.4%5.6%14.6%11.6%19.1%3.1%-0.7%39.4M-677.4M-7.0M0.7416.877,1165,300119,961143,802
2014-07-31$172.87$165.0017.6%5.9%16.1%19.1%21.1%2.6%-0.4%24.4M-441.6M-7.6M1.3617.066,2208,435122,384146,733