GS Options History — May 2025

In May 2025, GS traded between $553.24 and $619.33. ATM implied volatility averaged 27.9%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 10.3% (HV 20d: 38.1%). Max pain ranged from $525.00 to $570.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.89.

Notable Days

  • 2025-05-29: Highest Volume — 110,439 contracts
  • 2025-05-12: Largest IV drop — 11.7% change
  • 2025-05-01: Highest IV Rank — 27.0%
  • 2025-05-01: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$591.28$553.24$619.33$556.28$600.48
Max Pain$538.33$525.00$570.00$530.00$570.00
ATM IV27.9%24.6%31.5%31.5%26.9%
Expected Move8.0%7.1%9.1%9.1%7.6%
HV 20d38.1%25.5%78.4%78.4%26.6%
HV 60d52.8%52.1%53.7%52.4%52.1%
IV Rank19.7%13.6%27.0%27.0%15.5%
IV Percentile65.4%44.0%81.7%81.7%60.3%
Term Structure0.0%-0.3%0.4%-0.2%0.2%
VWIV28.7%24.8%33.5%32.8%28.6%
Skew 25d5.2%3.7%6.7%6.7%4.7%
Skew 10d10.4%7.8%13.4%13.3%9.6%
Call IV 25d25.8%23.3%28.7%28.4%24.8%
Put IV 25d31.0%27.0%35.4%35.1%29.5%
Bid-Ask Spread %8.574.6857.355.516.26
Gamma HHI0.060.030.290.040.03
Net GEX98.8M26.8M359.3M84.1M26.8M
Net DEX-2.80B-4.66B-1.38B-1.87B-2.15B
Net VEX-21.8M-22.2M-21.0M-22.2M-21.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.081.510.610.91
Total Volume25,972.52411,600110,43921,60617,166
Total OI281,539.524258,256309,455287,612265,309

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$556.28$530.0031.5%9.1%78.4%27.0%32.8%6.7%-0.2%84.1M-1.87B-22.2M0.615.5113,4288,178145,869141,743
2025-05-02$566.93$530.0029.6%8.2%69.5%23.2%30.7%6.0%0.0%129.9M-2.46B-22.2M0.765.2818,45014,007148,140143,751
2025-05-05$561.29$525.0030.6%8.8%64.3%25.3%31.1%6.5%0.0%60.4M-1.79B-21.9M1.055.726,6526,987140,943138,298
2025-05-06$553.24$525.0031.4%9.0%62.8%26.7%33.5%6.6%0.0%43.4M-1.39B-21.7M0.966.085,9205,680143,174140,630
2025-05-07$553.33$525.0030.4%8.7%62.4%24.9%29.3%6.3%-0.1%45.3M-1.38B-21.5M1.387.617,63210,523144,531142,385
2025-05-08$569.38$525.0029.7%8.5%42.2%23.5%29.7%5.9%0.1%92.5M-2.26B-21.8M0.667.2114,4759,522145,935142,941
2025-05-09$566.80$530.0029.4%8.4%30.0%22.9%27.8%5.5%-0.0%85.8M-2.09B-21.5M0.915.888,5607,830148,639145,642
2025-05-12$590.68$530.0025.9%7.4%31.5%16.3%26.5%4.8%-0.3%115.7M-3.18B-21.0M0.5912.3526,69415,873142,192139,793
2025-05-13$607.20$540.0025.2%7.2%31.8%14.8%26.3%4.3%-0.2%171.6M-4.03B-21.3M0.625.3018,01511,231151,429144,691
2025-05-14$613.46$540.0025.7%7.3%31.8%15.7%27.1%4.2%-0.2%158.9M-4.32B-21.7M0.725.4212,3588,879151,569147,948
2025-05-15$616.84$540.0025.4%7.3%29.2%15.2%26.9%4.2%-0.1%160.1M-4.48B-21.7M0.455.8618,3248,318152,174150,356
2025-05-16$619.33$540.0024.6%7.1%28.4%13.6%24.8%3.7%0.1%359.3M-4.66B-21.7M0.4757.3519,0178,898157,323152,132
2025-05-19$611.41$540.0025.6%7.3%27.2%15.6%26.7%4.6%0.4%87.3M-3.16B-21.8M1.345.0113,19517,722132,704125,552
2025-05-20$605.95$540.0026.1%7.5%25.9%16.5%26.6%4.6%0.3%78.8M-2.93B-21.9M1.055.305,9996,327136,282130,601
2025-05-21$595.27$540.0028.9%8.3%27.0%21.9%30.7%5.3%-0.1%53.7M-2.40B-22.1M1.517.078,44612,713137,402132,124
2025-05-22$599.60$545.0028.2%8.1%25.6%20.1%30.2%5.1%0.1%57.0M-2.61B-22.1M1.455.397,27910,561138,946135,588
2025-05-23$599.84$545.0028.8%8.3%25.5%21.3%29.9%5.4%0.2%46.4M-2.63B-22.2M1.125.099,18710,309140,660137,192
2025-05-27$615.58$545.0027.2%7.7%26.6%18.0%28.2%5.0%0.2%90.5M-3.31B-21.6M0.854.689,4618,047132,128129,278
2025-05-28$608.98$550.0027.5%7.8%27.2%18.5%28.1%4.8%0.0%75.5M-2.99B-21.6M1.175.616,0597,062133,993132,027
2025-05-29$604.93$550.0027.1%7.7%27.1%17.9%26.7%4.9%0.0%51.0M-2.77B-21.5M0.086.02102,6557,784135,246135,070
2025-05-30$600.48$570.0026.9%7.6%26.6%15.5%28.6%4.7%0.2%26.8M-2.15B-21.5M0.916.268,9738,193128,611136,698