GS Options History — January 2025

In January 2025, GS traded between $560.41 and $642.01. ATM implied volatility averaged 24.7%, placing in the 39.4% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded below realized volatility by 4.7% (HV 20d: 29.3%). Max pain ranged from $500.00 to $590.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.79.

Notable Days

  • 2025-01-15: Highest Volume — 78,172 contracts
  • 2025-01-15: Largest IV drop — 22.4% change
  • 2025-01-10: Highest IV Rank — 72.0%
  • 2025-01-02: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$608.38$560.41$642.01$576.03$639.85
Max Pain$559.50$500.00$590.00$500.00$590.00
ATM IV24.7%20.3%30.6%28.2%22.3%
Expected Move6.9%5.8%9.1%9.1%6.1%
HV 20d29.3%26.6%36.8%26.6%27.7%
HV 60d36.7%35.0%37.8%35.5%37.1%
IV Rank39.4%15.3%72.0%58.5%26.6%
IV Percentile57.2%13.9%96.8%91.7%41.3%
Term Structure-0.2%-1.4%1.2%-0.7%-0.1%
VWIV24.6%20.4%31.9%31.9%21.9%
Skew 25d2.2%1.5%3.2%2.4%2.7%
Skew 10d4.8%3.0%6.9%5.3%6.1%
Call IV 25d23.7%19.5%29.4%27.2%21.4%
Put IV 25d25.9%21.0%32.4%29.6%24.1%
Bid-Ask Spread %41.9027.8453.9141.9050.84
Gamma HHI0.090.050.480.060.05
Net GEX102.4M1.2M288.5M76.8M67.6M
Net DEX-3.03B-5.19B-1.57B-2.42B-3.15B
Net VEX-12.6M-15.0M-11.3M-12.1M-15.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.421.110.420.89
Total Volume30,993.3512,55678,17218,15924,692
Total OI232,107.95181,332286,221240,326229,025

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$576.03$500.0028.2%9.1%26.6%58.5%31.9%2.4%-0.7%76.8M-2.42B-12.1M0.4241.9012,8225,337109,501130,825
2025-01-03$578.89$505.0027.5%8.9%26.7%54.8%31.6%2.3%-0.6%123.4M-2.50B-12.3M0.6444.519,3956,030111,837132,700
2025-01-06$584.80$545.0028.4%7.7%27.0%60.1%27.1%2.4%-0.3%79.1M-2.73B-12.3M0.7427.849,5367,084107,368128,549
2025-01-07$578.32$545.0029.7%8.0%27.2%66.7%28.1%2.4%-0.7%58.9M-2.42B-12.3M0.7728.718,4256,521109,676130,961
2025-01-08$579.47$550.0028.9%7.8%27.2%62.4%27.9%2.3%-0.6%62.9M-2.50B-12.2M0.9030.596,6225,934112,185133,659
2025-01-10$560.41$550.0030.6%8.2%29.1%72.0%28.5%3.0%-0.5%1.2M-1.57B-11.9M0.9830.0016,60216,208112,937135,487
2025-01-13$563.01$550.0030.6%8.3%28.8%71.6%29.1%3.2%-1.4%39.0M-1.87B-12.0M1.0133.369,4769,541110,145132,595
2025-01-14$569.78$550.0029.4%8.0%29.3%65.2%28.4%2.9%-1.3%49.0M-2.16B-11.9M0.9537.1921,48220,515112,727137,554
2025-01-15$605.63$550.0022.8%6.3%36.6%29.1%22.7%1.5%-0.6%175.3M-4.04B-11.5M0.5846.3249,45228,720119,898149,044
2025-01-16$612.93$560.0021.5%6.0%36.8%21.9%21.9%1.7%-0.4%212.5M-4.36B-11.4M0.6345.9429,40818,581124,828153,594
2025-01-17$625.90$565.0022.1%6.2%36.6%25.1%22.1%1.6%-0.6%288.5M-5.19B-11.4M0.6144.1833,56820,504128,466157,755
2025-01-21$634.13$570.0020.9%6.0%29.0%19.0%21.4%1.5%0.6%107.7M-3.21B-11.3M0.8545.8620,59517,58686,58194,751
2025-01-22$631.88$570.0020.3%5.8%28.9%15.3%20.4%1.6%0.9%119.9M-3.18B-12.1M0.9545.3013,07912,36192,013100,217
2025-01-23$638.95$575.0020.6%5.9%28.3%17.0%20.9%1.7%0.9%138.3M-3.53B-12.4M0.8144.8722,11017,86395,921103,975
2025-01-24$636.44$580.0020.5%5.8%28.5%16.5%20.5%1.6%1.2%51.8M-3.35B-12.4M0.8646.2420,24817,370101,172109,440
2025-01-27$631.76$580.0022.9%6.4%28.4%29.9%22.9%2.5%-0.4%72.8M-2.85B-13.6M0.5844.8022,22512,90095,605102,828
2025-01-28$638.36$580.0021.6%6.0%28.4%22.6%21.5%2.2%0.0%108.2M-3.14B-14.5M1.1147.686,3177,042102,996108,200
2025-01-29$638.97$585.0022.6%6.2%27.8%28.1%22.1%2.4%0.1%97.5M-3.14B-14.6M0.6348.0216,32610,354103,683111,369
2025-01-30$642.01$590.0022.1%6.0%27.8%25.1%21.7%1.7%0.7%118.5M-3.33B-14.6M0.9453.9113,93413,102107,802114,290
2025-01-31$639.85$590.0022.3%6.1%27.7%26.6%21.9%2.7%-0.1%67.6M-3.15B-15.0M0.8950.8413,07411,618111,012118,013