GS Options History — April 2023

In April 2023, GS traded between $320.77 and $344.08. ATM implied volatility averaged 25.9%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 3.5% (HV 20d: 22.5%). Max pain ranged from $325.00 to $335.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.96.

Notable Days

  • 2023-04-18: Highest Volume — 120,037 contracts
  • 2023-04-18: Largest IV drop — 16.6% change
  • 2023-04-05: Highest IV Rank — 44.2%
  • 2023-04-05: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$333.50$320.77$344.08$326.04$342.81
Max Pain$327.11$325.00$335.00$335.00$330.00
ATM IV25.9%20.3%31.6%29.7%20.5%
Expected Move7.4%5.7%9.6%8.9%5.8%
HV 20d22.5%13.6%36.9%36.9%15.0%
HV 60d27.3%25.9%29.7%29.7%26.0%
IV Rank21.0%0.0%44.2%35.8%0.5%
IV Percentile28.0%0.0%61.5%50.4%0.4%
Term Structure-0.1%-1.1%0.7%-0.6%0.7%
VWIV26.3%20.2%32.7%31.3%20.2%
Skew 25d5.5%3.2%7.5%7.0%4.8%
Skew 10d10.5%6.3%14.4%13.6%9.1%
Call IV 25d23.3%18.3%28.2%26.1%18.3%
Put IV 25d28.7%22.6%35.4%33.1%23.1%
Bid-Ask Spread %3.062.105.922.233.02
Gamma HHI0.070.040.230.040.08
Net GEX25.2M-20.6M110.5M10.7M-10.9M
Net DEX61.9M-604.7M715.7M362.2M-348.8M
Net VEX-14.8M-15.1M-14.1M-15.1M-15.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.631.300.701.02
Total Volume35,249.73713,728120,03720,54628,443
Total OI352,581.842309,845402,270340,320345,710

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$326.04$335.0029.7%8.9%36.9%35.8%31.3%7.0%-0.6%10.7M362.2M-15.1M0.702.2312,0758,471154,394185,926
2023-04-04$321.28$335.0031.5%9.3%35.7%43.8%32.6%7.5%-0.5%-10.1M675.6M-15.0M1.303.4012,30516,037156,161188,650
2023-04-05$320.77$335.0031.6%9.6%35.4%44.2%32.7%7.2%-0.5%-20.6M715.7M-14.9M0.632.6112,3057,801156,848191,977
2023-04-06$322.19$325.0031.1%8.7%34.9%42.2%30.3%7.0%-0.5%8.2M630.0M-14.9M1.113.218,98610,013158,992194,355
2023-04-10$324.13$325.0030.6%8.6%30.9%40.0%30.3%6.8%-0.5%-6.5M549.7M-14.7M1.132.636,4517,277151,356188,599
2023-04-11$328.24$325.0029.6%8.3%28.2%35.6%30.2%6.4%-0.7%12.1M294.6M-14.8M0.753.0311,8298,925153,015189,874
2023-04-12$330.24$325.0029.8%8.3%27.5%36.5%29.7%6.3%-0.7%31.1M161.1M-14.8M0.753.2113,51310,179157,139191,675
2023-04-13$332.64$325.0029.4%8.2%23.9%34.6%30.1%6.0%-1.1%40.6M7.3M-15.0M0.975.9213,62513,272158,829193,907
2023-04-14$337.28$325.0027.6%7.7%23.6%26.6%27.7%5.3%-0.9%110.5M-374.3M-14.8M0.894.4223,25020,715162,504197,972
2023-04-17$339.13$325.0025.8%7.3%17.2%18.7%25.9%4.1%-0.1%45.6M-329.0M-14.6M0.962.9535,73034,221157,744190,369
2023-04-18$335.06$325.0021.5%6.2%17.4%0.0%22.2%3.2%0.5%12.8M127.0M-14.1M0.712.7570,21649,821172,434207,403
2023-04-19$335.90$325.0021.0%6.0%14.8%0.0%21.8%3.2%0.4%39.9M-38.9M-14.3M0.842.1823,57419,908181,723214,059
2023-04-20$337.88$325.0020.8%5.9%14.3%0.0%21.3%3.7%0.5%54.9M-249.5M-14.5M1.212.3814,92718,100183,275216,719
2023-04-21$341.88$325.0021.3%6.1%14.5%2.1%22.0%3.8%0.6%92.3M-604.7M-14.6M1.142.1022,31425,471182,701219,569
2023-04-24$344.08$325.0020.3%5.7%13.6%0.0%21.0%4.4%0.7%34.8M-349.9M-14.4M0.862.4013,60911,664131,723178,122
2023-04-25$339.02$325.0023.4%6.7%13.8%12.9%23.3%5.3%0.4%11.5M-30.7M-14.9M1.293.3612,88816,689136,907181,082
2023-04-26$336.06$325.0024.6%7.0%14.2%18.0%24.2%6.2%0.3%-13.3M219.0M-14.9M1.123.7213,94815,601141,652188,065
2023-04-27$341.86$330.0022.3%6.1%15.0%8.3%22.1%5.4%0.2%34.7M-241.1M-15.1M0.772.6014,42011,172145,246192,379
2023-04-28$342.81$330.0020.5%5.8%15.0%0.5%20.2%4.8%0.7%-10.9M-348.8M-15.0M1.023.0214,08414,359150,408195,302