GS Options History — February 2023

In February 2023, GS traded between $352.28 and $374.90. ATM implied volatility averaged 23.6%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 2.0% (HV 20d: 21.6%). Max pain ranged from $350.00 to $355.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.88.

Notable Days

  • 2023-02-28: Highest Volume — 62,837 contracts
  • 2023-02-21: Largest IV spike — 15.4% change
  • 2023-02-21: Highest IV Rank — 18.2%
  • 2023-02-21: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$367.85$352.28$374.90$367.57$352.28
Max Pain$350.79$350.00$355.00$350.00$355.00
ATM IV23.6%21.9%25.7%21.9%24.9%
Expected Move6.7%6.3%7.2%6.4%6.8%
HV 20d21.6%13.0%29.1%29.1%20.5%
HV 60d23.0%22.2%25.1%25.1%23.7%
IV Rank8.9%1.8%18.2%1.8%14.6%
IV Percentile8.2%0.4%19.8%0.4%16.3%
Term Structure0.0%-0.4%0.6%-0.4%-0.1%
VWIV24.3%22.2%26.2%23.1%23.3%
Skew 25d4.5%3.9%5.2%4.1%4.6%
Skew 10d8.4%7.4%9.8%8.3%8.3%
Call IV 25d21.9%20.7%23.5%20.7%22.7%
Put IV 25d26.4%24.8%28.7%24.8%27.3%
Bid-Ask Spread %3.082.454.153.942.68
Gamma HHI0.060.050.070.060.06
Net GEX45.8M-23.8M81.2M75.2M-23.8M
Net DEX-1.03B-1.57B224.9M-1.33B224.9M
Net VEX-14.7M-15.4M-13.9M-13.9M-14.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.541.250.950.56
Total Volume27,122.42114,83562,83725,32762,837
Total OI313,701.895291,609336,641306,106320,942

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$367.57$350.0021.9%6.4%29.1%1.8%23.1%4.1%-0.4%75.2M-1.33B-13.9M0.953.9412,98112,346134,731171,375
2023-02-02$367.68$350.0022.3%6.4%29.1%3.3%24.4%4.3%-0.4%79.2M-1.33B-14.0M0.904.1518,15216,259136,858174,435
2023-02-03$367.88$350.0022.3%6.4%28.8%3.1%23.2%4.3%-0.2%59.4M-1.31B-14.2M0.794.0818,90915,025139,079177,822
2023-02-06$370.61$350.0023.3%6.6%28.7%7.8%25.5%4.8%0.0%53.8M-1.24B-14.2M1.183.298,74610,293130,267168,070
2023-02-07$373.25$350.0022.2%6.4%28.3%2.9%23.9%4.4%0.2%70.9M-1.45B-14.3M1.053.2914,79715,561133,920171,938
2023-02-08$374.90$350.0023.4%6.7%28.2%8.1%24.5%4.2%0.2%81.2M-1.57B-14.9M0.833.2814,13911,722139,046176,008
2023-02-09$368.89$350.0024.4%7.0%28.1%12.6%25.8%4.8%0.2%42.5M-1.07B-15.3M1.113.3913,99115,547141,824178,591
2023-02-10$371.21$350.0024.5%7.1%27.9%12.9%26.2%4.5%0.4%48.0M-1.24B-15.3M1.223.2414,46817,667144,661182,706
2023-02-13$374.64$350.0024.1%6.9%27.6%11.1%25.5%4.3%0.3%59.4M-1.49B-15.4M0.822.749,3307,691140,762176,750
2023-02-14$372.43$350.0022.9%6.6%15.2%6.2%23.3%4.3%0.4%58.1M-1.37B-15.1M0.862.6910,6759,162143,454178,395
2023-02-15$373.78$350.0022.0%6.3%15.0%2.2%23.8%3.9%0.5%70.6M-1.49B-14.8M0.752.718,6696,531145,872180,932
2023-02-16$370.60$350.0022.7%6.5%15.5%5.3%22.3%4.1%0.3%46.6M-1.22B-15.0M0.972.7010,82810,500147,752182,177
2023-02-17$368.97$350.0022.3%6.3%13.0%3.1%22.2%4.2%0.6%14.1M-1.04B-14.9M0.923.1111,41510,445150,390186,251
2023-02-21$362.01$350.0025.7%7.2%14.6%18.2%25.9%5.2%-0.3%14.2M-409.1M-14.7M1.252.459,65212,093130,846160,763
2023-02-22$359.35$350.0025.3%7.2%15.0%16.6%25.0%5.1%-0.3%7.4M-250.3M-14.8M0.732.538,5996,236134,515164,416
2023-02-23$363.18$352.5024.1%6.9%15.3%11.2%23.9%4.8%-0.3%25.8M-530.4M-14.7M0.792.639,9557,828137,428166,555
2023-02-24$363.49$352.5024.3%7.0%14.7%12.3%25.5%4.5%-0.1%35.3M-585.5M-14.7M0.542.6921,23611,400140,727168,507
2023-02-27$366.46$355.0025.2%7.1%14.9%16.2%25.3%5.0%-0.3%51.7M-815.8M-14.8M0.572.8925,26214,379138,594162,977
2023-02-28$352.28$355.0024.9%6.8%20.5%14.6%23.3%4.6%-0.1%-23.8M224.9M-14.4M0.562.6840,15222,685150,808170,134