GS Options History — March 2022

In March 2022, GS traded between $321.62 and $345.68. ATM implied volatility averaged 34.9%, placing in the 66.4% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 3.2% (HV 20d: 31.7%). Max pain ranged from $350.00 to $370.00. Net GEX was positive for 3 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 0.97.

Notable Days

2022-03-01: Highest Volume — 39,737 contracts
2022-03-02: Largest IV drop — 12.5% change
2022-03-01: Highest IV Rank — 100.0%
2022-03-08: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$333.73	$321.62	$345.68	$328.25	$331.57
Max Pain	$361.09	$350.00	$370.00	$362.50	$350.00
ATM IV	34.9%	28.1%	42.0%	39.7%	30.5%
Expected Move	10.1%	8.0%	13.3%	12.3%	8.5%
HV 20d	31.7%	27.5%	35.0%	30.5%	27.5%
HV 60d	32.2%	30.9%	33.1%	32.1%	30.9%
IV Rank	66.4%	31.1%	100.0%	100.0%	43.1%
IV Percentile	90.5%	65.9%	100.0%	100.0%	81.7%
Term Structure	-0.2%	-1.6%	1.6%	-1.1%	-0.6%
VWIV	35.7%	29.1%	45.2%	41.8%	34.3%
Skew 25d	7.8%	4.8%	10.7%	10.2%	5.5%
Skew 10d	15.9%	9.6%	20.9%	20.4%	10.7%
Call IV 25d	31.7%	26.7%	37.8%	35.7%	28.1%
Put IV 25d	39.5%	31.5%	47.9%	45.9%	33.6%
Bid-Ask Spread %	35.34	19.14	51.51	35.64	51.00
Gamma HHI	0.05	0.04	0.07	0.05	0.05
Net GEX	-17.3M	-39.7M	21.1M	-32.4M	-30.3M
Net DEX	816.1M	268.8M	1.33B	1.25B	748.0M
Net VEX	-12.6M	-13.1M	-12.2M	-12.6M	-12.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.97	0.66	1.32	0.80	1.32
Total Volume	28,684.391	22,806	39,737	39,737	24,267
Total OI	283,114.348	241,305	304,095	285,295	296,111

Daily Data (23 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
2022-03-01	$328.25	$362.50	39.7%	12.3%	30.5%	100.0%	41.8%	10.2%	-1.1%	-32.4M	1.25B	-12.6M	0.80	35.64	22,089	17,648	127,885	157,410
2022-03-02	$337.26	$360.00	34.7%	10.2%	30.0%	72.3%	37.2%	8.9%	1.1%	-19.2M	843.1M	-13.1M	0.91	40.25	18,561	16,926	134,418	161,652
2022-03-03	$332.32	$360.00	36.0%	10.8%	30.3%	79.6%	36.0%	9.9%	-0.8%	-22.1M	1.02B	-12.8M	0.95	25.01	13,458	12,806	137,985	161,474
2022-03-04	$327.71	$357.50	38.3%	11.8%	30.4%	92.2%	41.7%	10.7%	-0.7%	-39.7M	1.25B	-12.7M	1.19	22.54	14,694	17,514	139,601	163,094
2022-03-07	$321.62	$355.00	42.0%	13.1%	28.1%	100.0%	45.2%	10.3%	0.8%	-30.2M	1.33B	-12.2M	1.08	19.14	14,313	15,424	129,283	151,626
2022-03-08	$322.46	$355.00	41.9%	13.3%	28.3%	99.5%	45.1%	9.9%	0.4%	-31.4M	1.30B	-12.4M	1.08	31.64	15,045	16,256	131,876	156,159
2022-03-09	$335.48	$355.00	37.3%	11.9%	32.5%	76.6%	41.0%	9.7%	1.6%	-13.8M	835.4M	-13.1M	0.79	24.47	17,434	13,808	134,315	160,371
2022-03-10	$328.85	$355.00	39.0%	12.1%	32.2%	84.9%	43.4%	10.3%	1.1%	-20.3M	1.12B	-12.7M	1.08	30.19	14,015	15,088	138,056	161,614
2022-03-11	$327.99	$355.00	38.9%	12.1%	32.1%	84.7%	42.1%	9.2%	1.6%	-26.2M	1.16B	-12.7M	1.08	29.87	13,304	14,349	139,398	164,697
2022-03-14	$324.37	$370.00	41.9%	11.1%	31.8%	99.5%	39.1%	9.6%	-1.5%	-32.7M	1.26B	-12.3M	0.98	29.17	11,501	11,305	131,137	156,558
2022-03-15	$329.78	$370.00	39.6%	10.4%	32.8%	88.1%	36.1%	8.9%	-1.4%	-27.6M	1.02B	-12.5M	1.06	30.26	11,170	11,806	132,989	157,600
2022-03-16	$339.56	$370.00	35.3%	9.5%	34.6%	67.0%	34.9%	7.2%	-0.8%	-10.1M	604.1M	-12.7M	0.85	35.74	15,804	13,469	135,018	158,825
2022-03-17	$342.86	$370.00	32.7%	8.9%	34.9%	53.9%	32.3%	6.9%	-0.8%	3.5M	455.4M	-12.7M	0.80	32.04	14,660	11,692	137,735	160,410
2022-03-18	$345.68	$370.00	32.2%	8.6%	33.3%	51.4%	30.5%	6.8%	-1.6%	21.1M	268.8M	-12.5M	0.80	36.53	16,804	13,504	139,938	162,404
2022-03-21	$337.78	$370.00	32.4%	8.7%	34.2%	52.6%	29.7%	6.8%	-1.1%	-12.3M	527.2M	-12.4M	1.00	41.97	12,216	12,257	103,568	137,737
2022-03-22	$343.10	$365.00	29.1%	8.2%	34.7%	36.1%	29.8%	5.5%	0.4%	-1.1M	299.7M	-12.4M	0.89	41.55	12,634	11,290	108,375	142,442
2022-03-23	$336.66	$370.00	32.0%	8.7%	35.0%	50.3%	30.5%	6.3%	-1.4%	-15.5M	594.4M	-12.4M	1.11	40.21	11,795	13,127	111,389	144,755
2022-03-24	$336.41	$365.00	30.6%	8.6%	35.0%	43.7%	30.2%	5.3%	-1.0%	-18.2M	612.6M	-12.8M	1.08	39.54	13,166	14,201	114,969	149,059
2022-03-25	$336.48	$360.00	30.9%	8.6%	32.7%	44.9%	31.8%	5.4%	-0.1%	-13.7M	573.9M	-12.9M	0.87	39.32	17,524	15,319	119,545	152,738
2022-03-28	$334.82	$360.00	29.6%	8.5%	31.4%	38.8%	30.4%	5.5%	0.2%	-16.3M	671.4M	-12.6M	0.92	41.62	14,893	13,708	113,859	148,283
2022-03-29	$340.22	$350.00	28.1%	8.0%	28.8%	31.1%	29.1%	4.8%	1.0%	2.8M	365.2M	-12.7M	0.66	43.68	18,105	11,896	118,330	151,780
2022-03-30	$334.62	$350.00	29.2%	8.3%	27.8%	36.5%	29.3%	5.5%	-0.1%	-12.9M	650.2M	-12.5M	0.92	51.51	15,018	13,878	121,866	153,296
2022-03-31	$331.57	$350.00	30.5%	8.5%	27.5%	43.1%	34.3%	5.5%	-0.6%	-30.3M	748.0M	-12.6M	1.32	51.00	10,452	13,815	128,440	167,671