GS Options History — May 2019

In May 2019, GS traded between $182.55 and $207.56. ATM implied volatility averaged 24.1%, placing in the 28.3% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 2.0% (HV 20d: 22.1%). Max pain ranged from $195.00 to $200.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.73.

Notable Days

  • 2019-05-31: Highest Volume — 38,959 contracts
  • 2019-05-07: Largest IV spike — 19.2% change
  • 2019-05-31: Highest IV Rank — 40.9%
  • 2019-05-31: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$197.15$182.55$207.56$205.68$182.55
Max Pain$198.86$195.00$200.00$195.00$195.00
ATM IV24.1%20.9%28.3%20.9%28.3%
Expected Move7.0%6.0%8.1%6.1%8.1%
HV 20d22.1%20.5%25.0%22.7%21.7%
HV 60d21.0%20.1%22.1%20.4%22.1%
IV Rank28.3%18.6%40.9%18.6%40.9%
IV Percentile59.1%34.9%82.1%34.9%82.1%
Term Structure0.1%-0.5%1.3%-0.3%-0.4%
VWIV24.5%21.1%27.7%21.2%27.7%
Skew 25d4.8%3.3%6.2%3.3%5.1%
Skew 10d9.3%6.3%11.8%6.3%10.4%
Call IV 25d22.1%19.4%26.1%19.4%26.1%
Put IV 25d26.9%22.7%31.2%22.7%31.2%
Bid-Ask Spread %4.941.668.358.353.92
Gamma HHI0.090.070.380.100.14
Net GEX2.5M-45.1M127.7M35.0M-45.1M
Net DEX180.2M-540.5M866.7M-374.5M866.7M
Net VEX-7.6M-8.3M-6.7M-8.0M-6.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.430.990.530.81
Total Volume24,619.59112,16838,95931,63038,959
Total OI289,985263,206313,548287,393286,620

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$205.68$195.0020.9%6.1%22.7%18.6%21.2%3.3%-0.3%35.0M-374.5M-8.0M0.538.3520,70210,928132,931154,462
2019-05-02$204.55$195.0021.8%6.3%22.1%21.2%22.4%3.7%-0.0%25.6M-274.0M-8.1M0.623.5413,8768,543133,799156,275
2019-05-03$207.56$195.0021.1%6.0%22.4%19.1%21.1%3.6%0.1%127.7M-540.5M-8.0M0.562.8019,20910,764136,521158,006
2019-05-06$206.42$200.0022.5%6.6%22.6%23.4%23.7%4.5%0.2%26.7M-356.9M-8.0M0.801.6614,98011,947129,718154,753
2019-05-07$201.80$200.0026.8%7.7%24.1%36.5%25.7%5.4%-0.4%3.0M-12.6M-8.3M0.824.7915,27712,511132,593159,530
2019-05-08$201.31$200.0025.5%7.4%23.8%32.5%24.3%5.4%-0.3%1.5M9.8M-8.1M0.433.6114,1346,070136,489161,643
2019-05-09$202.18$200.0025.8%7.5%23.5%33.4%27.0%6.2%-0.2%9.1M-87.6M-8.3M0.813.9213,56510,939143,169162,910
2019-05-10$201.21$200.0023.2%6.8%23.5%25.7%24.6%5.0%-0.2%6.6M-28.8M-8.0M0.616.8612,4537,606145,473165,211
2019-05-13$194.52$200.0027.4%7.9%25.0%38.2%27.7%6.2%0.3%-13.4M403.4M-7.7M0.596.5920,28311,899137,741158,027
2019-05-14$196.11$200.0024.0%6.9%22.1%28.1%25.8%5.2%0.2%-9.4M312.1M-7.5M0.925.5010,3529,537141,043162,509
2019-05-15$196.46$200.0022.2%6.7%21.9%22.6%23.0%4.9%1.3%-3.9M283.5M-7.4M0.994.9111,66711,535142,738162,541
2019-05-16$199.24$200.0021.8%6.3%20.6%21.5%23.9%4.4%0.3%19.3M53.9M-7.5M0.807.1516,12012,853144,963162,520
2019-05-17$197.40$200.0023.1%6.7%20.8%25.1%24.0%4.7%0.6%8.7M205.8M-7.4M0.706.3015,77411,060149,125164,423
2019-05-20$197.10$200.0023.4%6.7%20.7%26.3%24.5%4.5%0.4%-3.2M209.9M-7.5M0.874.6310,0388,724117,432145,774
2019-05-21$198.68$200.0021.8%6.3%21.0%21.2%21.4%4.0%0.1%6.2M99.6M-7.4M0.724.427,0745,094121,465149,934
2019-05-22$195.61$200.0022.6%6.5%21.0%23.9%22.5%4.2%0.2%-9.0M296.5M-7.4M0.714.6911,0337,882122,823151,408
2019-05-23$191.10$200.0026.1%7.5%22.2%34.3%25.9%4.8%0.3%-28.1M582.6M-7.2M0.736.0014,85710,872125,203154,592
2019-05-24$192.82$200.0024.2%6.9%22.6%28.7%24.1%4.6%0.8%-27.9M450.8M-7.3M0.654.3512,7358,306127,702155,901
2019-05-28$189.88$200.0025.4%7.2%20.6%32.1%25.6%5.1%-0.3%-24.2M583.3M-7.0M0.695.0611,1747,662119,472151,764
2019-05-29$188.04$200.0026.5%7.5%20.6%35.5%27.3%5.3%-0.5%-25.1M654.6M-7.0M0.804.4714,42111,585124,260155,855
2019-05-30$187.06$195.0026.2%7.4%20.5%34.7%26.3%4.9%-0.2%-25.1M626.1M-6.9M0.855.2214,39812,233127,060153,292
2019-05-31$182.55$195.0028.3%8.1%21.7%40.9%27.7%5.1%-0.4%-45.1M866.7M-6.7M0.813.9221,54717,412130,631155,989