GS Options History — November 2021

In November 2021, GS traded between $381.42 and $423.63. ATM implied volatility averaged 26.3%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 3.9% (HV 20d: 22.5%). Max pain ranged from $395.00 to $400.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.62.

Notable Days

  • 2021-11-30: Highest Volume — 233,955 contracts
  • 2021-11-26: Largest IV spike — 15.8% change
  • 2021-11-30: Highest IV Rank — 63.7%
  • 2021-11-30: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$401.54$381.42$423.63$416.13$381.42
Max Pain$399.05$395.00$400.00$395.00$397.50
ATM IV26.3%23.5%32.1%23.7%32.1%
Expected Move7.6%6.7%9.6%6.7%9.6%
HV 20d22.5%18.5%24.7%23.1%24.4%
HV 60d23.6%22.8%24.9%22.8%24.9%
IV Rank27.8%9.6%63.7%9.6%63.7%
IV Percentile39.1%7.5%90.1%9.1%90.1%
Term Structure-0.1%-1.4%1.1%0.1%-0.7%
VWIV27.5%24.5%34.2%24.5%33.8%
Skew 25d2.2%1.3%4.0%2.4%4.0%
Skew 10d5.0%3.2%7.3%4.5%7.3%
Call IV 25d26.1%23.3%31.1%23.3%30.6%
Put IV 25d28.3%25.5%34.6%25.7%34.6%
Bid-Ask Spread %45.5325.3356.1847.8333.57
Gamma HHI0.060.040.080.070.04
Net GEX27.4M-55.0M101.6M73.0M-20.2M
Net DEX-1.83B-3.28B-626.3M-2.72B-626.3M
Net VEX-14.3M-15.0M-13.0M-13.3M-14.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.101.210.820.10
Total Volume62,010.57129,727233,95531,598233,955
Total OI366,855.524328,444395,759328,444366,758

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-11-01$416.13$395.0023.7%6.7%23.1%9.6%24.5%2.4%0.1%73.0M-2.72B-13.3M0.8247.8317,33614,262145,767182,677
2021-11-02$423.63$395.0025.5%7.4%21.1%21.4%27.0%1.8%1.1%94.4M-3.28B-13.0M0.3025.3372,97721,589148,738186,095
2021-11-03$417.86$400.0025.6%7.3%22.1%22.4%26.1%1.8%-0.1%101.6M-2.99B-14.4M0.3428.1052,28818,012165,061191,496
2021-11-04$406.73$395.0026.4%7.7%24.6%28.2%27.5%1.8%0.5%25.4M-2.12B-14.9M0.5541.6946,98025,721174,407196,319
2021-11-05$407.67$400.0024.6%7.2%24.5%17.5%26.0%1.3%-0.1%47.7M-2.24B-15.0M0.6741.7332,81721,963180,637204,263
2021-11-08$408.15$400.0025.6%7.4%23.4%23.4%26.9%1.9%0.6%44.9M-2.30B-14.7M0.5947.1825,25714,837166,860195,725
2021-11-09$404.51$400.0027.7%7.6%23.8%36.1%27.1%2.6%-1.4%28.1M-1.96B-14.9M0.6349.1125,03115,755171,811198,850
2021-11-10$398.32$400.0026.9%7.7%24.6%31.7%28.5%2.4%0.1%-1.7M-1.47B-15.0M0.6552.1424,99616,262175,595202,329
2021-11-11$403.29$400.0025.0%7.2%24.7%19.9%26.7%2.2%0.3%30.4M-1.90B-14.6M0.8650.5316,00013,727179,221206,499
2021-11-12$404.04$400.0023.8%7.0%19.5%12.5%25.5%2.1%0.7%48.0M-1.98B-14.3M0.6953.8925,47417,538179,581208,354
2021-11-15$404.67$400.0024.3%7.0%18.5%15.6%25.3%2.1%-0.1%45.0M-2.06B-14.2M0.7551.9719,16414,326168,409198,524
2021-11-16$403.22$400.0023.5%6.7%18.5%10.4%24.5%2.0%-0.3%37.9M-1.94B-14.0M0.8353.7019,48116,172171,861201,020
2021-11-17$392.40$400.0025.4%7.3%20.4%22.0%25.8%1.5%0.0%-27.9M-1.01B-13.8M0.6553.7934,29822,235175,224204,732
2021-11-18$391.52$400.0025.3%7.3%20.4%21.7%26.1%2.2%-0.3%-30.8M-961.0M-14.2M0.8154.6728,15022,699181,741208,585
2021-11-19$386.99$400.0026.5%7.6%19.3%29.2%27.0%1.5%0.1%-55.0M-635.2M-13.8M0.7556.1842,66332,057184,281211,478
2021-11-22$399.24$400.0026.6%7.7%22.8%29.8%27.4%2.3%0.1%33.4M-1.85B-14.4M0.3540.8451,15117,725155,554183,029
2021-11-23$405.90$397.5027.0%7.8%23.6%32.3%27.8%2.4%-0.6%76.3M-2.41B-14.4M0.3735.4947,92817,666163,132186,366
2021-11-24$399.39$400.0027.2%8.0%23.5%33.4%28.2%2.4%-0.6%51.8M-1.89B-14.4M0.3945.8344,80017,393167,923189,853
2021-11-26$390.92$400.0031.5%9.4%24.3%59.8%34.2%3.4%-0.8%-18.7M-1.19B-14.8M1.2141.8526,02831,393176,522193,680
2021-11-29$386.30$400.0028.6%8.5%24.5%42.3%31.2%2.5%-0.1%-9.0M-919.9M-14.0M0.7150.6825,75818,358163,399191,610
2021-11-30$381.42$397.5032.1%9.6%24.4%63.7%33.8%4.0%-0.7%-20.2M-626.3M-14.3M0.1033.57211,81622,139170,001196,757