GS Options History — July 2019

In July 2019, GS traded between $205.39 and $221.91. ATM implied volatility averaged 21.4%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 3.6% (HV 20d: 17.8%). Max pain ranged from $190.00 to $210.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.58.

Notable Days

2019-07-16: Highest Volume — 84,749 contracts
2019-07-16: Largest IV drop — 15.1% change
2019-07-15: Highest IV Rank — 30.1%
2019-07-15: Largest Expected Move — 7.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$213.68	$205.39	$221.91	$206.82	$221.48
Max Pain	$202.73	$190.00	$210.00	$190.00	$210.00
ATM IV	21.4%	18.6%	24.7%	23.0%	20.3%
Expected Move	6.1%	5.3%	7.0%	6.8%	5.6%
HV 20d	17.8%	15.7%	20.6%	20.6%	17.3%
HV 60d	21.7%	21.1%	22.5%	22.4%	21.1%
IV Rank	20.3%	11.7%	30.1%	25.1%	16.8%
IV Percentile	31.9%	12.3%	59.5%	42.5%	21.0%
Term Structure	-0.1%	-0.7%	0.9%	-0.2%	-0.5%
VWIV	21.7%	18.9%	24.4%	23.7%	21.1%
Skew 25d	3.7%	2.9%	4.2%	4.1%	3.9%
Skew 10d	7.3%	5.6%	8.8%	7.7%	7.4%
Call IV 25d	19.7%	17.1%	22.5%	21.4%	18.6%
Put IV 25d	23.5%	20.2%	26.5%	25.6%	22.5%
Bid-Ask Spread %	5.49	4.03	7.24	4.65	6.56
Gamma HHI	0.13	0.08	0.40	0.10	0.10
Net GEX	43.3M	22.4M	108.3M	32.6M	33.8M
Net DEX	-671.7M	-1.01B	-362.2M	-496.0M	-691.6M
Net VEX	-7.5M	-7.7M	-7.2M	-7.3M	-7.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.58	0.37	0.78	0.72	0.65
Total Volume	31,374.045	12,132	84,749	28,922	25,260
Total OI	261,155.318	225,254	304,825	243,906	249,743

Daily Data (22 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 Vol	Put Vol	Call OI	Put OI
2019-07-01	$206.82	$190.00	23.0%	6.8%	20.6%	25.1%	23.7%	4.1%	-0.2%	32.6M	-496.0M	-7.3M	0.72	4.65	16,768	12,154	104,023	139,883
2019-07-02	$205.39	$190.00	22.4%	6.5%	17.9%	23.1%	22.4%	4.1%	-0.3%	26.2M	-397.1M	-7.4M	0.64	7.07	12,906	8,261	107,942	142,818
2019-07-03	$206.00	$190.00	22.7%	6.8%	17.5%	24.0%	24.0%	4.0%	-0.4%	40.1M	-451.5M	-7.4M	0.63	4.03	7,442	4,690	113,269	145,919
2019-07-05	$207.26	$205.00	23.3%	6.6%	17.4%	25.8%	22.6%	4.2%	-0.2%	108.3M	-545.1M	-7.3M	0.54	7.24	18,670	10,125	114,428	147,201
2019-07-08	$205.74	$205.00	24.1%	6.8%	17.8%	28.3%	23.3%	4.0%	-0.3%	25.4M	-362.2M	-7.4M	0.59	5.80	11,138	6,612	110,854	142,294
2019-07-09	$207.09	$205.00	24.0%	6.8%	16.3%	28.0%	24.3%	4.1%	-0.1%	35.0M	-449.1M	-7.4M	0.52	4.51	12,165	6,280	113,542	145,157
2019-07-10	$205.89	$205.00	24.3%	6.8%	16.6%	29.1%	24.3%	4.2%	-0.6%	28.4M	-371.0M	-7.4M	0.66	5.29	15,555	10,299	116,178	146,753
2019-07-11	$211.49	$200.00	24.0%	6.8%	15.7%	27.9%	23.8%	4.1%	-0.0%	56.4M	-821.3M	-7.4M	0.38	4.91	38,856	14,636	120,162	150,326
2019-07-12	$213.85	$200.00	23.8%	6.7%	15.8%	27.5%	24.0%	4.0%	-0.7%	36.9M	-954.3M	-7.5M	0.37	5.27	30,611	11,268	125,126	154,038
2019-07-15	$211.08	$200.00	24.7%	7.0%	17.1%	30.1%	24.4%	3.9%	-0.6%	35.0M	-652.0M	-7.5M	0.71	7.04	28,572	20,166	118,938	146,533
2019-07-16	$215.79	$200.00	20.9%	6.0%	17.9%	18.8%	21.6%	3.7%	-0.3%	65.4M	-1.01B	-7.2M	0.52	5.61	55,817	28,932	127,558	156,302
2019-07-17	$213.75	$200.00	20.0%	5.7%	17.9%	15.9%	21.0%	3.2%	0.9%	48.0M	-836.3M	-7.4M	0.62	4.92	22,054	13,675	134,207	161,762
2019-07-18	$214.71	$200.00	19.9%	5.7%	17.9%	15.7%	20.6%	3.5%	0.0%	58.3M	-932.7M	-7.6M	0.54	6.58	20,290	10,964	135,894	164,734
2019-07-19	$214.40	$200.00	19.2%	5.5%	18.0%	13.6%	19.7%	3.6%	0.1%	69.7M	-899.7M	-7.6M	0.47	5.28	18,144	8,573	138,372	166,453
2019-07-22	$214.66	$205.00	18.9%	5.4%	18.0%	12.7%	18.9%	3.5%	0.6%	22.4M	-424.8M	-7.5M	0.78	5.34	10,848	8,472	96,955	128,299
2019-07-23	$219.66	$205.00	18.6%	5.4%	19.2%	11.7%	19.3%	3.1%	0.4%	43.2M	-741.6M	-7.4M	0.65	5.76	29,138	18,844	101,053	131,759
2019-07-24	$221.74	$210.00	18.8%	5.4%	18.6%	12.2%	19.5%	3.1%	0.5%	46.4M	-844.9M	-7.6M	0.45	5.52	24,393	10,910	107,565	140,259
2019-07-25	$220.36	$210.00	19.4%	5.5%	19.1%	14.1%	19.6%	3.3%	0.1%	41.7M	-728.8M	-7.7M	0.66	4.91	19,021	12,515	109,492	142,879
2019-07-26	$221.91	$210.00	18.7%	5.3%	19.1%	11.9%	19.0%	2.9%	0.5%	42.1M	-852.5M	-7.6M	0.40	5.27	18,840	7,527	111,773	146,436
2019-07-29	$220.65	$210.00	19.7%	5.6%	18.0%	14.9%	19.9%	3.8%	-0.5%	26.7M	-636.7M	-7.6M	0.66	4.44	7,472	4,951	103,357	139,086
2019-07-30	$221.22	$210.00	20.8%	5.9%	17.7%	18.4%	20.8%	3.9%	-0.7%	30.2M	-676.1M	-7.6M	0.64	4.84	10,027	6,388	105,589	140,506
2019-07-31	$221.48	$210.00	20.3%	5.6%	17.3%	16.8%	21.1%	3.9%	-0.5%	33.8M	-691.6M	-7.7M	0.65	6.56	15,319	9,941	107,490	142,253