GS Options History — July 2023

In July 2023, GS traded between $313.10 and $359.25. ATM implied volatility averaged 22.6%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 0.5% (HV 20d: 22.2%). Max pain ranged from $315.00 to $340.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.67.

Notable Days

2023-07-19: Highest Volume — 104,095 contracts
2023-07-19: Largest IV drop — 18.1% change
2023-07-10: Highest IV Rank — 23.8%
2023-07-05: Largest Expected Move — 7.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$336.56	$313.10	$359.25	$326.24	$354.76
Max Pain	$325.25	$315.00	$340.00	$320.00	$340.00
ATM IV	22.6%	19.1%	25.8%	23.4%	19.7%
Expected Move	6.4%	5.3%	7.9%	7.1%	5.3%
HV 20d	22.2%	20.6%	24.3%	21.3%	21.3%
HV 60d	22.0%	20.7%	22.9%	20.7%	22.2%
IV Rank	11.2%	0.0%	23.8%	13.8%	2.6%
IV Percentile	20.1%	0.0%	46.4%	19.8%	0.4%
Term Structure	-0.2%	-1.2%	1.2%	-0.6%	-0.6%
VWIV	22.6%	18.6%	27.3%	24.5%	18.6%
Skew 25d	3.0%	2.1%	3.9%	3.5%	3.3%
Skew 10d	5.7%	3.6%	7.8%	6.5%	5.8%
Call IV 25d	21.4%	17.9%	24.2%	21.5%	19.0%
Put IV 25d	24.4%	20.7%	28.1%	25.0%	22.3%
Bid-Ask Spread %	9.51	2.77	18.78	6.28	4.15
Gamma HHI	0.07	0.05	0.20	0.05	0.06
Net GEX	54.8M	-31.5M	202.6M	39.1M	38.4M
Net DEX	-626.2M	-2.11B	751.6M	-95.0M	-1.13B
Net VEX	-13.3M	-14.6M	-12.5M	-13.0M	-14.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.67	0.34	1.01	0.41	0.85
Total Volume	42,200.45	12,307	104,095	19,397	12,307
Total OI	331,403.15	297,833	380,842	307,796	321,336

Daily Data (20 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
2023-07-03	$326.24	$320.00	23.4%	7.1%	21.3%	13.8%	24.5%	3.5%	-0.6%	39.1M	-95.0M	-13.0M	0.41	6.28	13,741	5,656	142,349	165,447
2023-07-05	$320.05	$320.00	24.7%	7.9%	22.5%	19.2%	27.3%	3.8%	-0.9%	9.4M	303.8M	-12.7M	0.71	5.59	19,315	13,619	145,857	166,839
2023-07-06	$313.10	$315.00	25.6%	7.0%	23.2%	22.7%	24.1%	3.9%	-1.2%	-31.5M	751.6M	-12.5M	0.81	18.78	17,088	13,840	150,893	171,226
2023-07-07	$315.59	$315.00	25.2%	6.9%	20.6%	21.3%	23.8%	3.5%	-1.0%	-2.7M	555.8M	-12.7M	0.54	11.03	19,400	10,404	154,021	173,567
2023-07-10	$317.03	$315.00	25.8%	7.1%	20.8%	23.8%	24.6%	3.6%	-1.0%	-26.9K	436.3M	-12.8M	0.47	14.61	10,392	4,846	147,746	169,322
2023-07-11	$320.13	$315.00	25.6%	7.1%	21.3%	23.1%	24.9%	3.9%	-0.7%	16.0M	256.7M	-12.9M	0.70	12.23	12,933	9,011	150,136	171,074
2023-07-12	$326.15	$315.00	25.0%	6.9%	21.9%	20.6%	24.0%	2.5%	-0.9%	49.5M	-211.5M	-13.0M	0.34	14.60	38,566	13,211	151,785	173,701
2023-07-13	$328.44	$315.00	24.6%	6.9%	21.9%	19.0%	24.7%	2.6%	-0.8%	61.2M	-342.8M	-13.0M	0.77	14.45	20,519	15,758	160,114	175,940
2023-07-14	$326.14	$320.00	23.8%	6.8%	21.8%	15.6%	23.9%	2.7%	0.1%	32.6M	-130.4M	-13.0M	0.50	17.93	25,649	12,876	163,675	180,606
2023-07-17	$327.04	$320.00	24.5%	7.0%	21.8%	18.5%	24.5%	2.9%	-0.7%	26.7M	-101.7M	-12.7M	0.70	14.01	11,150	7,772	153,626	171,613
2023-07-18	$336.34	$320.00	24.3%	6.9%	24.3%	17.4%	24.3%	2.5%	-0.7%	74.4M	-819.0M	-12.9M	0.39	10.90	65,007	25,351	158,236	174,515
2023-07-19	$341.27	$325.00	19.9%	5.7%	23.5%	0.0%	20.2%	2.1%	-0.1%	112.2M	-1.15B	-12.8M	0.57	8.32	66,166	37,929	170,971	184,160
2023-07-20	$349.71	$325.00	20.2%	5.8%	24.0%	1.2%	20.5%	2.3%	-0.1%	186.7M	-1.85B	-13.0M	0.41	2.77	72,523	29,616	175,613	187,756
2023-07-21	$352.31	$330.00	19.9%	5.7%	22.4%	0.0%	20.0%	2.3%	-0.1%	202.6M	-2.11B	-13.6M	0.60	5.03	39,134	23,570	184,563	196,279
2023-07-24	$359.25	$335.00	19.9%	5.7%	21.7%	0.2%	21.0%	2.7%	0.9%	74.2M	-1.67B	-13.5M	0.76	4.43	31,935	24,323	131,216	166,617
2023-07-25	$354.37	$340.00	20.8%	6.1%	22.5%	4.0%	21.4%	3.3%	0.8%	64.2M	-1.33B	-14.2M	1.01	9.32	13,885	13,973	144,461	177,603
2023-07-26	$355.81	$340.00	19.9%	5.7%	22.5%	0.0%	20.5%	2.7%	1.0%	74.3M	-1.46B	-14.4M	1.01	5.69	11,969	12,107	151,038	180,808
2023-07-27	$354.45	$340.00	20.3%	5.8%	22.6%	1.9%	20.4%	2.9%	1.1%	60.9M	-1.32B	-14.6M	0.96	6.12	17,043	16,308	154,586	184,536
2023-07-28	$353.00	$340.00	19.1%	5.4%	21.3%	0.0%	18.6%	2.8%	1.2%	8.6M	-1.12B	-14.5M	0.94	3.95	18,148	16,969	155,289	188,943
2023-07-31	$354.76	$340.00	19.7%	5.3%	21.3%	2.6%	18.6%	3.3%	-0.6%	38.4M	-1.13B	-14.3M	0.85	4.15	6,641	5,666	142,566	178,770