GS Options History — May 2023

In May 2023, GS traded between $318.89 and $340.73. ATM implied volatility averaged 24.1%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 4.0% (HV 20d: 20.2%). Max pain ranged from $330.00 to $330.00. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 1.30.

Notable Days

  • 2023-05-31: Highest Volume — 96,879 contracts
  • 2023-05-04: Largest IV spike — 17.1% change
  • 2023-05-04: Highest IV Rank — 42.5%
  • 2023-05-04: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$325.96$318.89$340.73$340.73$323.64
Max Pain$330.00$330.00$330.00$330.00$330.00
ATM IV24.1%21.4%30.5%21.7%24.0%
Expected Move7.0%6.0%8.7%6.0%7.1%
HV 20d20.2%14.8%22.2%14.8%21.8%
HV 60d26.8%26.0%27.4%26.0%26.5%
IV Rank15.9%4.5%42.5%5.6%15.2%
IV Percentile18.6%2.0%59.5%2.8%20.6%
Term Structure0.2%-0.6%0.7%-0.1%-0.4%
VWIV24.6%20.1%31.6%20.1%21.3%
Skew 25d6.1%4.9%8.8%5.4%5.4%
Skew 10d11.5%9.3%16.1%9.7%10.7%
Call IV 25d21.8%19.4%27.1%19.6%21.8%
Put IV 25d28.0%25.1%35.9%25.1%27.2%
Bid-Ask Spread %4.852.2524.752.253.96
Gamma HHI0.050.040.120.050.05
Net GEX-15.9M-64.9M76.0M13.3M-14.6M
Net DEX659.5M-133.7M1.42B-133.7M718.4M
Net VEX-13.9M-15.1M-13.1M-14.8M-13.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.157.001.017.00
Total Volume31,214.512,34896,87923,26596,879
Total OI350,696.591326,813373,210326,813349,285

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$340.73$330.0021.7%6.0%14.8%5.6%20.1%5.4%-0.1%13.3M-133.7M-14.8M1.012.2511,54811,717142,811184,002
2023-05-02$333.19$330.0024.7%7.3%17.2%18.1%26.2%6.4%0.2%-41.4M481.2M-15.1M2.284.6013,51030,824146,456191,894
2023-05-03$328.65$330.0026.0%7.7%17.0%23.7%27.2%6.6%-0.0%-62.9M868.2M-15.1M1.054.4010,38810,951149,373201,463
2023-05-04$320.27$330.0030.5%8.7%19.5%42.5%31.6%8.8%-0.6%-58.4M1.42B-14.9M2.218.6515,39533,962152,037202,894
2023-05-05$327.09$330.0025.8%7.5%20.9%22.8%26.2%7.3%0.2%-22.9M854.3M-14.8M1.2924.7515,14919,527155,855204,299
2023-05-08$326.68$330.0025.2%7.3%20.8%20.4%25.8%6.9%0.3%-34.6M757.5M-14.4M1.212.956,7678,183146,020193,036
2023-05-09$325.75$330.0025.2%7.3%20.3%20.2%24.3%6.8%0.5%-39.3M810.9M-14.3M0.803.068,7766,988148,066195,860
2023-05-10$322.96$330.0024.0%7.0%20.4%15.4%26.3%6.6%0.7%-48.0M988.7M-14.0M1.283.1313,73417,617151,497197,218
2023-05-11$320.73$330.0024.9%7.3%20.2%19.1%26.9%6.3%0.5%-49.4M1.02B-13.9M1.342.948,37911,266155,495196,614
2023-05-12$318.89$330.0023.8%6.9%19.4%14.5%25.0%6.4%0.7%-64.9M1.16B-13.6M1.382.9610,23814,171157,473200,370
2023-05-15$321.60$330.0023.7%6.8%19.6%14.2%25.6%6.2%0.4%-32.6M845.5M-13.4M1.124.249,91511,064148,930192,588
2023-05-16$320.79$330.0023.6%6.8%19.3%13.6%25.0%5.9%0.3%-35.7M901.6M-13.3M1.303.905,3576,991152,274196,952
2023-05-17$329.73$330.0022.1%6.3%21.9%7.5%23.1%5.7%0.4%17.3M253.1M-13.7M0.873.8216,22814,111153,960198,891
2023-05-18$328.94$330.0021.4%6.1%21.8%4.5%21.8%5.6%0.5%20.6M297.0M-13.5M0.363.2623,9748,573156,558203,087
2023-05-19$326.56$330.0023.0%6.6%21.3%11.2%23.2%5.5%0.4%11.8M446.4M-13.7M0.652.9918,34211,853168,671204,539
2023-05-22$324.94$330.0022.8%6.5%21.1%10.5%22.6%5.5%0.3%-1.1M586.5M-13.4M0.942.8911,33810,652150,538188,856
2023-05-23$323.63$330.0022.9%6.7%20.6%10.7%23.2%5.5%0.4%-4.2M668.7M-13.4M0.593.5410,2356,032153,861196,049
2023-05-24$319.98$330.0025.1%7.2%20.7%19.7%25.1%6.4%0.1%-18.4M906.7M-13.3M0.553.8811,5666,409156,890198,049
2023-05-25$324.42$330.0024.0%6.9%20.4%15.2%24.6%5.8%0.2%7.2M551.5M-13.5M0.593.9613,1307,692158,907199,603
2023-05-26$331.80$330.0023.4%6.5%22.2%12.8%23.9%4.9%0.3%76.0M-88.5M-13.7M0.526.0118,3819,649161,957202,133
2023-05-30$330.07$330.0023.3%6.6%22.2%12.3%21.6%5.0%-0.5%32.7M184.0M-13.1M0.154.5568,68510,573155,200194,814
2023-05-31$323.64$330.0024.0%7.1%21.8%15.2%21.3%5.4%-0.4%-14.6M718.4M-13.1M7.003.9612,10584,774150,678198,607