GS Options History — May 2022

In May 2022, GS traded between $297.76 and $328.27. ATM implied volatility averaged 34.4%, placing in the 62.4% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 0.4% (HV 20d: 34.0%). Max pain ranged from $330.00 to $345.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.92.

Notable Days

2022-05-27: Highest Volume — 56,159 contracts
2022-05-05: Largest IV spike — 19.2% change
2022-05-11: Highest IV Rank — 86.8%
2022-05-11: Largest Expected Move — 11.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$312.08	$297.76	$328.27	$309.80	$328.27
Max Pain	$338.57	$330.00	$345.00	$330.00	$340.00
ATM IV	34.4%	27.7%	39.3%	36.7%	29.6%
Expected Move	9.9%	8.1%	11.2%	10.8%	8.9%
HV 20d	34.0%	29.1%	37.0%	29.1%	34.4%
HV 60d	30.1%	28.0%	31.6%	28.6%	30.1%
IV Rank	62.4%	29.0%	86.8%	73.6%	38.8%
IV Percentile	85.6%	49.2%	98.0%	96.4%	66.7%
Term Structure	-0.1%	-0.6%	0.6%	-0.5%	-0.3%
VWIV	35.5%	29.2%	40.2%	36.8%	34.7%
Skew 25d	7.9%	6.2%	9.3%	9.3%	7.1%
Skew 10d	15.7%	12.1%	18.3%	18.3%	15.1%
Call IV 25d	31.4%	25.3%	36.1%	32.8%	27.0%
Put IV 25d	39.3%	31.6%	44.2%	42.1%	34.1%
Bid-Ask Spread %	47.52	26.42	65.45	50.79	37.95
Gamma HHI	0.09	0.05	0.15	0.08	0.05
Net GEX	-24.2M	-66.9M	62.4M	-35.3M	21.3M
Net DEX	1.03B	-81.7M	1.80B	1.31B	259.3M
Net VEX	-12.0M	-13.0M	-11.1M	-12.1M	-12.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.92	0.44	1.47	0.87	0.58
Total Volume	28,551.857	18,142	56,159	28,286	43,034
Total OI	300,199.19	258,133	323,235	292,585	280,924

Daily Data (21 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
2022-05-02	$309.80	$330.00	36.7%	10.8%	29.1%	73.6%	36.8%	9.3%	-0.5%	-35.3M	1.31B	-12.1M	0.87	50.79	15,152	13,134	131,603	160,982
2022-05-03	$313.85	$330.00	35.0%	10.3%	29.6%	65.6%	35.9%	8.1%	-0.3%	-26.3M	1.09B	-12.7M	0.84	56.09	15,710	13,165	135,682	164,587
2022-05-04	$323.88	$330.00	30.5%	8.8%	31.6%	43.2%	32.2%	7.3%	0.0%	-1.4M	569.5M	-13.0M	0.75	56.21	14,520	10,897	139,452	168,612
2022-05-05	$311.55	$345.00	36.4%	10.3%	33.6%	72.2%	37.3%	8.5%	-0.6%	-33.9M	1.23B	-12.6M	0.82	54.98	12,469	10,200	141,739	169,668
2022-05-06	$311.83	$340.00	35.9%	10.2%	33.6%	69.9%	36.8%	8.2%	-0.5%	-37.2M	1.20B	-12.6M	1.03	49.68	12,322	12,683	143,157	171,286
2022-05-09	$309.08	$340.00	38.4%	11.0%	32.5%	82.3%	40.2%	9.2%	0.2%	-35.7M	1.28B	-12.3M	1.25	39.61	12,131	15,206	134,675	166,015
2022-05-10	$303.90	$340.00	38.6%	11.1%	33.0%	83.4%	38.6%	8.8%	0.2%	-45.1M	1.53B	-11.8M	0.83	45.27	12,159	10,038	138,153	169,073
2022-05-11	$301.91	$340.00	39.3%	11.2%	32.9%	86.8%	38.2%	8.7%	-0.1%	-49.2M	1.58B	-11.7M	0.95	52.05	9,910	9,411	140,178	170,234
2022-05-12	$297.76	$340.00	38.5%	11.1%	32.9%	82.9%	39.7%	8.1%	0.4%	-61.2M	1.80B	-11.3M	1.02	52.06	13,125	13,339	141,887	171,614
2022-05-13	$307.58	$340.00	34.6%	10.0%	35.3%	63.6%	36.4%	7.5%	0.6%	-42.0M	1.35B	-11.7M	1.08	46.66	13,886	14,985	144,000	172,369
2022-05-16	$303.15	$340.00	34.2%	9.8%	34.3%	61.6%	32.5%	7.8%	-0.6%	-60.2M	1.56B	-11.1M	0.70	50.33	17,754	12,470	135,909	167,231
2022-05-17	$313.48	$340.00	31.5%	9.1%	35.9%	48.1%	32.9%	6.9%	-0.4%	-31.4M	1.03B	-11.7M	0.95	65.45	13,558	12,867	141,069	170,954
2022-05-18	$305.64	$340.00	35.8%	10.3%	35.8%	69.3%	36.1%	8.3%	-0.3%	-56.9M	1.39B	-11.5M	1.27	38.68	8,001	10,141	144,259	173,856
2022-05-19	$308.63	$340.00	33.9%	9.8%	35.7%	60.1%	33.6%	7.3%	-0.6%	-52.0M	1.22B	-11.5M	1.20	54.59	9,402	11,267	145,554	174,777
2022-05-20	$304.31	$340.00	34.6%	9.9%	33.7%	63.6%	37.1%	7.9%	-0.1%	-66.9M	1.37B	-11.2M	1.47	50.99	11,830	17,414	148,291	174,944
2022-05-23	$316.33	$340.00	33.7%	9.7%	36.8%	58.9%	34.9%	7.7%	-0.3%	-3.7M	607.4M	-11.8M	0.57	26.42	25,081	14,220	117,739	140,394
2022-05-24	$314.97	$340.00	33.5%	9.8%	35.8%	58.0%	36.2%	8.0%	0.1%	485.3K	645.1M	-11.9M	1.02	42.78	12,009	12,226	126,145	144,636
2022-05-25	$315.29	$340.00	33.2%	9.7%	35.8%	56.4%	33.1%	7.9%	-0.3%	7.0M	604.8M	-11.9M	1.03	43.27	10,503	10,804	127,965	147,040
2022-05-26	$324.69	$340.00	30.6%	8.9%	37.0%	43.6%	33.3%	6.9%	0.4%	37.9M	148.2M	-12.3M	0.62	42.72	22,473	13,934	129,622	149,069
2022-05-27	$327.85	$335.00	27.7%	8.1%	34.4%	29.0%	29.2%	6.2%	0.4%	62.4M	-81.7M	-12.4M	0.44	41.38	39,003	17,156	137,196	151,643
2022-05-31	$328.27	$340.00	29.6%	8.9%	34.4%	38.8%	34.7%	7.1%	-0.3%	21.3M	259.3M	-12.8M	0.58	37.95	27,213	15,821	132,918	148,006