GS Options History — December 2023

In December 2023, GS traded between $341.89 and $387.02. ATM implied volatility averaged 20.4%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 3.8% (HV 20d: 24.2%). Max pain ranged from $330.00 to $340.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.89.

Notable Days

  • 2023-12-14: Highest Volume — 109,679 contracts
  • 2023-12-14: Largest IV spike — 17.6% change
  • 2023-12-26: Highest IV Rank — 25.4%
  • 2023-12-26: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$367.16$341.89$387.02$348.34$385.52
Max Pain$335.88$330.00$340.00$337.50$340.00
ATM IV20.4%17.1%23.4%17.4%22.5%
Expected Move6.4%5.4%6.9%5.4%6.7%
HV 20d24.2%18.3%27.4%24.7%26.6%
HV 60d25.5%24.0%26.9%24.4%24.8%
IV Rank13.2%0.0%25.4%1.0%21.6%
IV Percentile21.2%0.0%46.8%0.4%37.7%
Term Structure0.8%-0.6%3.5%0.0%-0.2%
VWIV22.2%18.9%25.4%19.2%23.7%
Skew 25d1.3%0.3%2.2%2.1%1.2%
Skew 10d3.2%1.4%5.1%4.9%2.9%
Call IV 25d20.0%16.8%23.3%16.8%22.2%
Put IV 25d21.3%18.3%24.2%18.9%23.3%
Bid-Ask Spread %6.394.8511.695.495.58
Gamma HHI0.080.060.150.090.08
Net GEX77.0M45.5M122.5M92.8M66.6M
Net DEX-2.13B-3.53B-723.0M-1.35B-2.90B
Net VEX-12.9M-13.8M-11.8M-11.9M-13.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.342.410.990.44
Total Volume28,978.311,837109,67933,43118,999
Total OI327,895.3298,627365,324305,469347,883

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-12-01$348.34$337.5017.4%5.4%24.7%1.0%19.2%2.1%0.0%92.8M-1.35B-11.9M0.995.4916,83316,598135,993169,476
2023-12-04$349.22$330.0018.1%6.1%20.2%4.0%18.9%2.2%0.3%68.8M-1.22B-12.1M1.215.758,96710,815131,684166,943
2023-12-05$341.91$330.0018.5%6.2%21.4%5.5%20.5%2.2%0.5%48.5M-723.0M-12.3M1.556.4412,60219,508135,643169,405
2023-12-06$341.89$330.0018.5%6.3%21.5%5.6%19.1%2.2%0.5%45.5M-733.3M-12.9M2.415.789,22422,267140,553176,888
2023-12-07$344.47$330.0018.2%6.2%21.5%4.2%19.1%1.9%0.5%63.2M-905.1M-12.8M2.376.085,84213,862141,794177,543
2023-12-08$351.37$330.0017.6%6.0%21.3%1.9%20.9%1.5%0.6%122.5M-1.57B-12.7M0.637.1914,7099,271144,258178,346
2023-12-11$351.43$330.0018.2%6.2%20.8%4.3%21.5%1.8%3.2%74.6M-1.38B-12.6M0.686.8811,6747,958138,189174,298
2023-12-12$353.00$330.0017.1%5.9%20.8%0.0%21.3%1.5%3.3%94.0M-1.51B-12.5M0.785.707,7546,049141,957177,167
2023-12-13$362.32$335.0017.7%6.0%18.3%2.3%21.4%1.4%3.5%107.4M-2.21B-12.0M0.457.5726,24411,690143,871178,884
2023-12-14$383.65$335.0020.8%6.6%26.1%14.7%23.7%0.3%2.8%77.9M-3.53B-11.8M0.346.8781,55928,120151,620183,829
2023-12-15$379.65$340.0020.6%6.4%26.6%13.9%23.0%0.5%2.8%100.2M-3.21B-13.0M0.615.4224,13514,636168,663196,661
2023-12-18$376.56$340.0021.6%6.4%27.0%18.2%22.8%0.6%-0.0%61.7M-2.46B-13.0M0.825.5313,37410,982150,443171,577
2023-12-19$383.19$340.0022.5%6.5%27.4%21.6%23.0%0.4%-0.6%82.0M-2.86B-13.1M0.507.7315,3447,674153,177177,337
2023-12-20$378.41$340.0023.2%6.6%26.8%24.4%23.4%1.0%-0.2%55.9M-2.50B-13.6M0.8011.6912,0769,616156,441181,336
2023-12-21$379.49$340.0023.4%6.7%26.8%25.2%24.1%0.9%-0.3%59.3M-2.55B-13.8M0.405.6316,4576,537158,575183,495
2023-12-22$380.38$340.0023.2%6.7%26.7%24.3%23.9%0.8%-0.3%84.3M-2.64B-13.7M0.746.5613,60410,058164,143185,073
2023-12-26$381.72$340.0023.4%6.9%26.5%25.4%25.4%1.0%-0.2%59.5M-2.59B-13.3M0.925.456,1665,671149,799178,963
2023-12-27$383.61$340.0022.7%6.7%26.4%22.5%25.0%1.0%-0.2%71.1M-2.75B-13.2M0.495.6120,62910,112151,797180,901
2023-12-28$387.02$340.0023.0%6.8%26.4%23.5%24.0%1.1%-0.2%104.9M-3.00B-13.7M0.754.8512,5129,438158,231185,070
2023-12-29$385.52$340.0022.5%6.7%26.6%21.6%23.7%1.2%-0.2%66.6M-2.90B-13.4M0.445.5813,1535,846160,853187,030