GS Options History — April 2025

In April 2025, GS traded between $454.39 and $563.42. ATM implied volatility averaged 42.9%, placing in the 56.6% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded below realized volatility by 26.4% (HV 20d: 69.3%). Max pain ranged from $530.00 to $570.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.85.

Notable Days

2025-04-04: Highest Volume — 68,568 contracts
2025-04-09: Largest IV drop — 34.2% change
2025-04-03: Highest IV Rank — 100.0%
2025-04-08: Largest Expected Move — 18.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$515.03	$454.39	$563.42	$547.79	$543.70
Max Pain	$543.33	$530.00	$570.00	$570.00	$530.00
ATM IV	42.9%	32.0%	69.5%	36.1%	33.0%
Expected Move	12.0%	9.4%	18.8%	9.8%	9.7%
HV 20d	69.3%	37.8%	79.9%	37.8%	78.7%
HV 60d	47.3%	32.0%	52.2%	32.0%	52.2%
IV Rank	56.6%	27.8%	100.0%	76.8%	29.9%
IV Percentile	94.8%	83.3%	100.0%	97.6%	86.5%
Term Structure	-1.2%	-3.6%	-0.0%	-1.1%	-0.1%
VWIV	42.2%	32.4%	62.8%	33.9%	34.5%
Skew 25d	11.0%	5.3%	21.0%	5.7%	7.6%
Skew 10d	21.7%	10.3%	39.5%	10.7%	15.1%
Call IV 25d	37.5%	29.0%	58.4%	33.1%	29.7%
Put IV 25d	48.5%	36.0%	79.3%	38.8%	37.3%
Bid-Ask Spread %	13.43	5.08	46.14	6.61	5.08
Gamma HHI	0.03	0.02	0.05	0.02	0.03
Net GEX	14.1M	-38.7M	70.5M	11.7M	46.9M
Net DEX	18.0M	-1.49B	1.92B	-180.5M	-1.20B
Net VEX	-20.4M	-22.0M	-17.6M	-19.6M	-21.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.85	0.43	1.85	0.43	1.22
Total Volume	35,771.381	11,534	68,568	15,424	18,371
Total OI	287,671.333	253,133	328,129	253,133	282,447

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
2025-04-01	$547.79	$570.00	36.1%	9.8%	37.8%	76.8%	33.9%	5.7%	-1.1%	11.7M	-180.5M	-19.6M	0.43	6.61	10,787	4,637	129,477	123,656
2025-04-02	$563.42	$570.00	34.7%	9.5%	38.9%	71.3%	32.4%	5.3%	-1.0%	47.7M	-947.3M	-20.4M	0.43	6.95	17,634	7,662	132,449	125,033
2025-04-03	$510.25	$570.00	44.4%	12.0%	49.7%	100.0%	40.7%	8.5%	-1.8%	-38.7M	1.18B	-18.5M	0.92	6.14	29,453	27,094	136,335	127,699
2025-04-04	$477.15	$560.00	57.1%	15.4%	54.3%	100.0%	51.1%	17.0%	-2.8%	-36.5M	1.92B	-17.7M	0.76	14.56	38,952	29,616	145,093	130,933
2025-04-07	$460.23	$550.00	63.4%	17.1%	52.9%	100.0%	57.1%	18.4%	-2.4%	-20.9M	1.78B	-17.6M	0.87	25.01	18,775	16,325	143,970	129,385
2025-04-08	$454.39	$550.00	69.5%	18.8%	52.7%	100.0%	61.3%	21.0%	-3.5%	-17.3M	1.77B	-17.9M	0.90	22.23	21,587	19,534	150,298	132,735
2025-04-09	$520.10	$550.00	45.8%	12.6%	73.2%	54.3%	46.7%	13.1%	-1.5%	18.3M	-211.6M	-21.3M	0.86	46.14	27,323	23,413	157,368	139,680
2025-04-10	$482.03	$550.00	61.1%	16.7%	77.4%	83.7%	62.8%	20.3%	-3.6%	-17.1M	1.23B	-20.2M	1.84	31.85	18,823	34,723	162,515	147,737
2025-04-11	$495.88	$550.00	48.9%	13.7%	77.3%	60.4%	47.9%	15.9%	-1.6%	-17.9M	884.2M	-20.7M	0.59	13.57	39,105	23,255	166,848	158,239
2025-04-14	$507.00	$540.00	40.9%	11.7%	77.2%	45.0%	39.3%	12.0%	-0.7%	2.4M	330.0M	-20.4M	0.60	20.88	34,022	20,246	160,634	150,811
2025-04-15	$508.98	$540.00	37.0%	10.6%	77.3%	37.4%	39.8%	9.9%	-0.5%	9.4M	146.5M	-20.3M	0.75	9.68	21,291	15,871	166,484	152,992
2025-04-16	$496.69	$535.00	42.0%	12.1%	77.2%	47.1%	43.1%	11.8%	-1.0%	-9.3M	635.6M	-20.1M	1.15	17.87	16,725	19,306	169,582	154,991
2025-04-17	$511.81	$535.00	37.1%	10.7%	78.1%	37.8%	37.8%	9.6%	-0.3%	29.2M	-363.2M	-20.6M	0.57	7.84	20,853	11,938	173,515	154,614
2025-04-21	$500.55	$530.00	41.8%	12.2%	78.3%	46.7%	44.9%	9.8%	-0.8%	-6.3M	339.6M	-20.2M	1.85	6.15	7,815	14,490	133,116	130,671
2025-04-22	$519.85	$530.00	38.6%	11.2%	78.9%	40.6%	39.2%	9.0%	-0.7%	18.2M	-359.0M	-21.1M	0.76	8.12	13,859	10,481	135,663	133,542
2025-04-23	$529.66	$530.00	37.5%	10.9%	79.3%	38.5%	38.2%	8.3%	-0.5%	40.1M	-818.7M	-21.7M	0.97	11.27	18,297	17,817	139,768	136,288
2025-04-24	$545.54	$530.00	33.9%	9.8%	79.9%	31.5%	34.6%	7.2%	-0.2%	61.5M	-1.49B	-22.0M	0.59	5.28	16,298	9,555	142,471	141,726
2025-04-25	$544.49	$530.00	33.0%	9.6%	79.6%	29.9%	34.1%	6.9%	-0.0%	70.5M	-1.49B	-22.0M	0.49	5.78	17,559	8,575	147,064	143,708
2025-04-28	$547.76	$530.00	32.8%	9.7%	78.7%	29.3%	34.5%	7.1%	-0.3%	48.6M	-1.37B	-21.9M	0.62	5.29	10,831	6,767	138,769	134,178
2025-04-29	$548.40	$530.00	32.0%	9.4%	78.6%	27.8%	33.0%	7.0%	-0.3%	55.1M	-1.41B	-21.8M	0.74	5.64	6,615	4,919	141,674	136,940
2025-04-30	$543.70	$530.00	33.0%	9.7%	78.7%	29.9%	34.5%	7.6%	-0.1%	46.9M	-1.20B	-21.8M	1.22	5.08	8,285	10,086	143,777	138,670