GS Options History — January 2024

In January 2024, GS traded between $376.92 and $388.47. ATM implied volatility averaged 21.7%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 3.5% (HV 20d: 18.1%). Max pain ranged from $320.00 to $380.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.62.

Notable Days

2024-01-31: Highest Volume — 79,786 contracts
2024-01-16: Largest IV drop — 6.6% change
2024-01-03: Highest IV Rank — 29.1%
2024-01-03: Largest Expected Move — 7.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$382.04	$376.92	$388.47	$386.42	$384.38
Max Pain	$340.24	$320.00	$380.00	$340.00	$355.00
ATM IV	21.7%	18.9%	24.4%	23.6%	21.9%
Expected Move	6.2%	5.6%	7.4%	7.2%	6.2%
HV 20d	18.1%	11.2%	26.7%	26.1%	14.9%
HV 60d	24.1%	22.4%	25.0%	24.8%	22.5%
IV Rank	18.3%	7.4%	29.1%	26.1%	19.2%
IV Percentile	32.1%	7.5%	62.3%	50.4%	35.3%
Term Structure	-0.2%	-0.8%	1.1%	-0.4%	-0.5%
VWIV	22.0%	19.7%	26.5%	25.7%	21.8%
Skew 25d	1.5%	0.8%	2.1%	1.6%	1.6%
Skew 10d	3.8%	2.6%	4.8%	4.4%	3.5%
Call IV 25d	21.2%	18.5%	23.9%	23.1%	21.3%
Put IV 25d	22.7%	19.9%	25.8%	24.6%	22.9%
Bid-Ask Spread %	18.07	4.51	64.85	5.55	52.66
Gamma HHI	0.08	0.05	0.15	0.08	0.08
Net GEX	68.7M	31.2M	107.1M	79.5M	95.0M
Net DEX	-2.43B	-3.25B	-1.51B	-2.85B	-2.01B
Net VEX	-13.6M	-14.5M	-12.7M	-13.3M	-14.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.62	0.22	0.90	0.62	0.22
Total Volume	33,799.476	15,433	79,786	18,503	79,786
Total OI	340,876.381	264,157	401,414	333,503	307,909

Daily Data (21 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
2024-01-02	$386.42	$340.00	23.6%	7.2%	26.1%	26.1%	25.7%	1.6%	-0.4%	79.5M	-2.85B	-13.3M	0.62	5.55	11,440	7,063	156,308	177,195
2024-01-03	$382.29	$340.00	24.4%	7.4%	26.7%	29.1%	26.5%	1.7%	-0.5%	68.4M	-2.56B	-13.6M	0.70	4.97	13,827	9,649	159,222	179,159
2024-01-04	$383.36	$380.00	24.3%	6.7%	24.9%	28.8%	23.4%	1.8%	-0.7%	74.9M	-2.64B	-13.6M	0.79	8.64	10,951	8,687	161,983	181,943
2024-01-05	$386.39	$380.00	24.1%	6.7%	24.8%	28.1%	23.4%	1.6%	-0.6%	100.5M	-2.89B	-13.4M	0.89	6.91	13,242	11,794	164,250	186,798
2024-01-08	$388.47	$320.00	23.7%	6.6%	24.8%	26.4%	23.4%	1.6%	-0.4%	86.3M	-3.25B	-13.3M	0.89	6.53	8,850	7,875	167,960	190,656
2024-01-09	$382.99	$320.00	23.9%	6.7%	25.2%	27.2%	23.7%	1.5%	-0.5%	70.6M	-2.91B	-13.2M	0.66	7.04	14,057	9,229	170,194	193,251
2024-01-10	$381.54	$320.00	24.0%	6.7%	25.4%	27.7%	23.4%	1.6%	-0.4%	71.2M	-2.85B	-13.4M	0.56	7.48	14,016	7,848	175,207	197,101
2024-01-11	$379.06	$320.00	22.9%	6.5%	25.6%	23.3%	22.7%	1.2%	-0.5%	58.2M	-2.63B	-13.2M	0.60	7.28	16,884	10,056	178,103	200,927
2024-01-12	$378.00	$320.00	21.9%	6.2%	24.3%	19.4%	22.2%	0.8%	-0.4%	46.1M	-2.60B	-13.1M	0.61	41.97	29,197	17,865	180,737	202,702
2024-01-16	$379.21	$320.00	20.5%	5.9%	13.0%	13.6%	21.1%	1.5%	-0.4%	58.0M	-2.75B	-12.7M	0.71	64.85	37,736	26,835	175,120	201,357
2024-01-17	$376.99	$320.00	21.4%	6.1%	12.6%	17.2%	21.5%	2.0%	-0.8%	45.1M	-2.62B	-13.5M	0.74	53.83	19,429	14,291	183,856	209,725
2024-01-18	$376.92	$325.00	20.5%	5.9%	12.3%	13.6%	20.9%	2.1%	-0.7%	40.1M	-2.62B	-13.8M	0.90	30.83	14,244	12,884	186,680	212,924
2024-01-19	$382.67	$320.00	19.5%	5.6%	11.9%	9.5%	20.1%	1.9%	-0.3%	107.1M	-3.15B	-13.2M	0.65	14.97	21,542	14,005	186,583	214,831
2024-01-22	$385.79	$345.00	20.2%	5.9%	11.2%	12.5%	21.1%	1.1%	0.8%	62.3M	-2.01B	-13.2M	0.38	10.98	46,827	17,601	122,256	141,901
2024-01-23	$380.94	$345.00	19.4%	5.7%	12.2%	9.0%	20.3%	1.3%	1.1%	61.4M	-1.74B	-13.4M	0.48	10.04	24,956	12,072	137,959	149,088
2024-01-24	$379.74	$355.00	18.9%	5.6%	12.2%	7.4%	19.7%	1.4%	1.0%	57.5M	-1.71B	-13.7M	0.59	4.52	13,782	8,072	144,621	154,132
2024-01-25	$382.69	$355.00	19.4%	5.7%	12.5%	9.3%	20.2%	1.2%	0.9%	77.5M	-1.88B	-14.1M	0.63	11.37	15,544	9,815	146,394	156,891
2024-01-26	$378.18	$355.00	19.4%	5.7%	13.0%	9.3%	20.6%	1.3%	0.8%	31.2M	-1.51B	-14.1M	0.54	14.85	20,222	10,875	150,551	159,739
2024-01-29	$379.45	$355.00	20.1%	5.7%	12.6%	11.9%	20.2%	1.8%	-0.5%	55.2M	-1.62B	-14.0M	0.62	4.51	9,523	5,910	140,247	153,283
2024-01-30	$387.31	$355.00	21.2%	6.0%	14.7%	16.3%	21.1%	1.5%	-0.5%	97.5M	-2.19B	-14.2M	0.25	9.65	41,095	10,213	142,879	155,782
2024-01-31	$384.38	$355.00	21.9%	6.2%	14.9%	19.2%	21.8%	1.6%	-0.5%	95.0M	-2.01B	-14.5M	0.22	52.66	65,526	14,260	148,927	158,982