GS Options History — March 2025

In March 2025, GS traded between $524.25 and $599.81. ATM implied volatility averaged 34.8%, placing in the 76.5% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded below realized volatility by 1.0% (HV 20d: 35.8%). Max pain ranged from $550.00 to $605.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.77.

Notable Days

  • 2025-03-04: Highest Volume — 51,707 contracts
  • 2025-03-10: Largest IV spike — 18.7% change
  • 2025-03-06: Highest IV Rank — 100.0%
  • 2025-03-10: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$559.61$524.25$599.81$599.81$545.49
Max Pain$577.14$550.00$605.00$605.00$570.00
ATM IV34.8%30.8%41.7%33.4%35.5%
Expected Move10.1%8.4%14.1%10.1%9.6%
HV 20d35.8%27.3%39.5%27.3%38.7%
HV 60d30.8%27.4%32.9%27.4%32.0%
IV Rank76.5%54.9%100.0%87.4%74.4%
IV Percentile96.9%90.5%100.0%99.6%96.8%
Term Structure-0.3%-1.9%2.1%-0.8%-0.3%
VWIV35.3%29.8%47.4%36.0%32.8%
Skew 25d5.5%4.5%7.4%5.0%5.7%
Skew 10d11.1%8.7%15.9%11.0%10.8%
Call IV 25d32.1%28.3%37.6%30.9%32.2%
Put IV 25d37.6%32.8%45.0%35.9%37.9%
Bid-Ask Spread %28.037.4352.3642.838.82
Gamma HHI0.030.020.040.030.03
Net GEX744.9K-48.0M77.9M5.6M-6.2M
Net DEX-208.9M-1.73B1.15B-850.1M31.2M
Net VEX-18.2M-19.7M-16.6M-18.0M-19.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.331.400.980.79
Total Volume30,265.42920,95151,70721,99520,951
Total OI252,347.095226,158281,947226,158247,271

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$599.81$605.0033.4%10.1%27.3%87.4%36.0%5.0%-0.8%5.6M-850.1M-18.0M0.9842.8311,12610,869107,411118,747
2025-03-04$583.61$605.0034.4%10.5%28.5%92.9%36.5%6.0%-0.8%-16.4M-156.1M-17.9M1.4041.9621,57830,129110,282122,902
2025-03-05$592.96$600.0032.0%9.7%29.3%79.8%33.7%5.4%-0.7%-12.7M-567.9M-18.4M1.1047.1311,99413,238114,961135,849
2025-03-06$565.57$605.0037.1%11.4%32.0%100.0%39.3%6.1%-1.0%-32.8M533.9M-17.9M1.0543.3315,45716,213118,004135,912
2025-03-07$560.08$600.0035.1%10.8%30.9%89.9%37.1%5.8%-0.8%-48.0M567.0M-17.5M1.1145.3719,28821,352123,007134,802
2025-03-10$531.58$600.0041.7%14.1%34.4%100.0%47.4%7.4%1.1%-35.9M1.15B-16.6M1.0548.0617,22218,016113,722128,720
2025-03-11$533.81$580.0039.6%13.0%34.8%91.3%44.6%6.8%1.1%-30.3M868.8M-17.2M0.7452.3614,38810,601120,657130,898
2025-03-12$537.71$580.0036.3%11.5%35.3%77.8%39.7%6.3%1.4%-32.5M646.1M-17.3M0.7551.3512,3019,256123,646131,194
2025-03-13$524.25$570.0037.5%11.7%35.5%82.6%39.4%6.3%1.4%-47.1M1.02B-16.7M0.9722.5013,89213,498127,011132,230
2025-03-14$540.78$560.0033.8%9.7%38.3%67.4%33.7%5.4%2.1%-8.6M159.3M-17.2M0.5750.3720,67011,764131,505130,139
2025-03-17$553.62$600.0034.2%9.1%38.9%69.2%32.3%5.2%0.6%-3.2M-314.8M-17.8M0.3324.7423,9477,912124,464124,157
2025-03-18$550.75$575.0037.0%9.7%38.2%80.8%34.1%5.5%-1.5%2.4M-280.4M-18.3M0.5623.7514,7118,288131,076127,419
2025-03-19$559.89$575.0034.1%9.0%39.2%68.7%31.3%5.1%-1.3%27.1M-690.1M-18.4M0.4829.4416,5127,866136,364130,416
2025-03-20$564.45$575.0033.8%9.0%38.0%67.4%31.7%5.0%-1.4%44.8M-930.4M-18.7M0.337.8730,37010,040138,412132,510
2025-03-21$564.90$550.0032.9%8.9%37.3%63.5%32.4%4.9%-1.2%41.0M-1.04B-18.8M0.568.2016,4149,134146,628135,319
2025-03-24$581.66$550.0031.5%8.4%39.1%58.0%30.5%4.6%-1.9%65.3M-1.54B-19.1M0.528.6019,80410,206118,341112,954
2025-03-25$585.59$550.0030.8%8.4%38.6%54.9%29.8%4.5%-0.5%77.9M-1.73B-19.6M0.598.2013,9798,309123,013117,308
2025-03-26$572.20$550.0032.8%8.9%39.0%63.1%32.7%5.0%-0.9%50.7M-1.12B-19.7M0.808.5516,57113,240127,221119,988
2025-03-27$561.13$550.0032.6%8.9%39.0%62.3%31.8%5.0%-0.8%5.4M-514.3M-19.7M0.657.7822,28714,542131,019124,033
2025-03-28$541.93$570.0035.7%9.7%39.5%75.1%35.1%5.6%-0.8%-30.8M365.2M-19.2M0.817.4320,79216,847132,483127,294
2025-03-31$545.49$570.0035.5%9.6%38.7%74.4%32.8%5.7%-0.3%-6.2M31.2M-19.1M0.798.8211,7079,244124,932122,339