GS Options History — March 2023

In March 2023, GS traded between $303.22 and $357.00. ATM implied volatility averaged 32.4%, placing in the 47.9% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 0.8% (HV 20d: 31.6%). Max pain ranged from $335.00 to $360.00. Net GEX was positive for 5 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 1.28.

Notable Days

2023-03-15: Highest Volume — 158,801 contracts
2023-03-09: Largest IV spike — 21.1% change
2023-03-17: Highest IV Rank — 90.6%
2023-03-17: Largest Expected Move — 12.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$326.66	$303.22	$357.00	$346.75	$325.71
Max Pain	$347.17	$335.00	$360.00	$360.00	$335.00
ATM IV	32.4%	22.4%	42.1%	24.9%	29.7%
Expected Move	9.5%	5.9%	12.3%	6.8%	8.7%
HV 20d	31.6%	19.9%	39.4%	19.9%	36.9%
HV 60d	27.2%	23.4%	29.7%	23.9%	29.7%
IV Rank	47.9%	3.8%	90.6%	14.8%	35.9%
IV Percentile	59.5%	3.2%	98.4%	17.5%	50.8%
Term Structure	0.1%	-1.2%	1.7%	0.0%	-0.2%
VWIV	33.4%	21.0%	43.1%	23.0%	31.7%
Skew 25d	7.7%	4.1%	11.0%	4.7%	7.1%
Skew 10d	15.1%	7.9%	21.6%	9.1%	14.2%
Call IV 25d	28.9%	20.4%	37.3%	22.5%	26.3%
Put IV 25d	36.5%	24.5%	48.3%	27.2%	33.4%
Bid-Ask Spread %	4.52	2.41	8.21	3.20	2.41
Gamma HHI	0.05	0.04	0.08	0.05	0.06
Net GEX	-11.5M	-52.9M	58.9M	-34.7M	22.1M
Net DEX	709.3M	-496.1M	1.74B	559.2M	278.4M
Net VEX	-14.8M	-15.5M	-13.9M	-14.8M	-15.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.28	0.51	3.14	1.76	0.75
Total Volume	43,993.478	14,965	158,801	51,879	30,399
Total OI	341,599.696	313,866	383,047	336,136	357,962

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
2023-03-01	$346.75	$360.00	24.9%	6.8%	19.9%	14.8%	23.0%	4.7%	0.0%	-34.7M	559.2M	-14.8M	1.76	3.20	18,773	33,106	156,518	179,618
2023-03-02	$349.20	$355.00	23.8%	6.6%	19.9%	9.9%	22.9%	4.5%	0.0%	-23.2M	168.1M	-14.9M	0.51	2.96	19,869	10,091	160,079	177,116
2023-03-03	$356.50	$355.00	22.4%	5.9%	21.5%	3.8%	21.0%	4.1%	-0.1%	58.9M	-496.1M	-14.9M	0.89	3.95	17,195	15,243	162,560	178,247
2023-03-06	$357.00	$355.00	23.0%	7.3%	21.5%	6.5%	25.8%	4.3%	0.5%	35.2M	-474.9M	-14.9M	1.11	3.23	7,796	8,625	144,243	169,623
2023-03-07	$346.03	$355.00	25.2%	7.8%	23.7%	16.2%	28.4%	4.7%	0.2%	-14.7M	268.3M	-14.6M	1.27	4.07	10,267	13,070	146,542	172,199
2023-03-08	$349.50	$355.00	24.1%	7.6%	23.8%	11.4%	26.3%	4.4%	0.4%	-459.7K	7.0M	-14.8M	1.60	3.31	9,156	14,673	150,140	175,345
2023-03-09	$341.95	$355.00	29.2%	8.8%	24.5%	33.9%	30.2%	6.3%	-0.0%	-26.8M	478.1M	-14.9M	2.34	4.42	16,675	38,967	151,125	175,932
2023-03-10	$326.37	$355.00	34.2%	10.2%	28.5%	55.9%	35.5%	7.9%	-0.6%	-52.9M	1.45B	-14.4M	1.61	6.29	33,446	53,705	155,185	186,176
2023-03-13	$314.81	$350.00	39.1%	11.5%	30.0%	77.6%	37.7%	9.1%	1.0%	-38.5M	1.53B	-13.9M	1.18	8.21	32,365	38,327	152,639	178,176
2023-03-14	$321.05	$350.00	34.4%	10.3%	31.0%	56.8%	36.7%	8.3%	1.7%	-31.6M	1.27B	-14.5M	0.88	6.57	20,660	18,079	167,032	183,515
2023-03-15	$310.03	$350.00	40.7%	11.9%	32.4%	84.6%	42.8%	10.6%	0.9%	-37.7M	1.65B	-14.2M	3.14	8.05	38,382	120,419	171,294	186,281
2023-03-16	$315.64	$350.00	35.0%	10.4%	33.6%	59.3%	37.5%	8.7%	1.4%	-18.3M	1.24B	-14.6M	0.91	7.25	31,128	28,358	182,905	193,180
2023-03-17	$303.22	$345.00	42.1%	12.3%	35.4%	90.6%	43.1%	11.0%	1.4%	-41.5M	1.74B	-14.2M	1.43	4.82	24,519	35,134	186,671	196,376
2023-03-20	$309.37	$345.00	37.8%	11.0%	37.0%	71.9%	38.4%	10.4%	-1.2%	-20.7M	1.11B	-14.5M	1.02	3.37	17,852	18,230	145,433	175,029
2023-03-21	$318.29	$340.00	34.5%	10.0%	39.0%	57.1%	34.9%	9.1%	-1.1%	-643.2K	677.1M	-14.9M	0.95	3.54	19,507	18,463	151,313	178,400
2023-03-22	$316.07	$340.00	34.6%	9.9%	39.0%	57.8%	35.6%	8.4%	-0.5%	-7.2M	754.5M	-14.9M	1.15	5.05	16,197	18,621	156,787	181,864
2023-03-23	$315.28	$340.00	39.3%	11.3%	38.5%	78.2%	39.7%	10.4%	-0.7%	-6.4M	759.5M	-15.5M	1.44	7.57	15,215	21,842	160,573	186,045
2023-03-24	$312.31	$340.00	38.8%	11.1%	38.4%	76.0%	40.8%	9.9%	-0.2%	-25.3M	962.6M	-15.3M	0.89	3.60	20,428	18,091	163,526	192,441
2023-03-27	$318.97	$340.00	34.1%	9.8%	39.4%	55.4%	35.0%	8.5%	-0.3%	-2.7M	616.0M	-15.3M	0.87	3.05	12,406	10,735	153,071	179,680
2023-03-28	$317.55	$340.00	33.9%	10.0%	37.5%	54.5%	34.8%	8.4%	-0.4%	-4.7M	683.3M	-15.1M	1.13	2.84	7,024	7,941	157,175	182,761
2023-03-29	$320.45	$340.00	31.9%	9.3%	37.6%	45.7%	33.6%	7.9%	-0.2%	2.5M	558.2M	-15.0M	1.19	3.45	11,001	13,107	158,923	185,335
2023-03-30	$321.23	$335.00	32.2%	9.5%	37.4%	47.1%	32.7%	7.5%	-0.2%	4.0M	524.2M	-15.1M	1.51	2.72	10,644	16,119	162,151	189,607
2023-03-31	$325.71	$335.00	29.7%	8.7%	36.9%	35.9%	31.7%	7.1%	-0.2%	22.1M	278.4M	-15.3M	0.75	2.41	17,413	12,986	162,898	195,064