GS Options History — October 2025

In October 2025, GS traded between $745.50 and $795.55. ATM implied volatility averaged 31.1%, placing in the 22.0% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 10.4% (HV 20d: 20.7%). Max pain ranged from $730.00 to $750.00. Net GEX was positive for 19 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 0.89.

Notable Days

2025-10-24: Highest Volume — 86,542 contracts
2025-10-16: Largest IV spike — 25.3% change
2025-10-16: Highest IV Rank — 37.1%
2025-10-16: Largest Expected Move — 10.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$776.20	$745.50	$795.55	$789.89	$791.21
Max Pain	$741.96	$730.00	$750.00	$740.00	$750.00
ATM IV	31.1%	26.8%	38.5%	31.4%	29.1%
Expected Move	8.9%	7.7%	10.6%	9.8%	8.2%
HV 20d	20.7%	14.8%	26.1%	20.7%	25.5%
HV 60d	21.7%	20.4%	23.7%	20.4%	22.9%
IV Rank	22.0%	13.2%	37.1%	22.7%	17.8%
IV Percentile	73.2%	46.0%	94.8%	80.2%	61.1%
Term Structure	-0.6%	-2.1%	0.6%	-0.6%	0.1%
VWIV	31.3%	27.2%	36.4%	35.1%	28.8%
Skew 25d	3.5%	1.2%	5.6%	3.2%	3.4%
Skew 10d	6.5%	2.3%	9.2%	5.8%	7.1%
Call IV 25d	29.3%	25.0%	35.9%	30.3%	26.8%
Put IV 25d	32.8%	28.5%	37.8%	33.5%	30.2%
Bid-Ask Spread %	55.68	39.22	69.87	55.50	67.01
Gamma HHI	0.06	0.03	0.34	0.03	0.19
Net GEX	74.5M	-95.7M	466.9M	20.2M	206.1M
Net DEX	-4.23B	-5.72B	-2.56B	-4.55B	-4.76B
Net VEX	-26.6M	-28.6M	-24.8M	-24.8M	-28.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.89	0.44	1.34	0.84	0.69
Total Volume	36,568.478	14,075	86,542	14,075	38,561
Total OI	297,812.348	274,191	339,446	279,399	312,964

Daily Data (23 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
2025-10-01	$789.89	$740.00	31.4%	9.8%	20.7%	22.7%	35.1%	3.2%	-0.6%	20.2M	-4.55B	-24.8M	0.84	55.50	7,630	6,445	129,215	150,184
2025-10-02	$780.70	$740.00	31.4%	9.8%	19.5%	22.5%	35.1%	3.4%	-0.1%	-29.5M	-4.03B	-25.0M	1.30	55.07	14,595	19,029	131,268	152,385
2025-10-03	$790.37	$735.00	32.0%	10.1%	19.0%	23.8%	36.4%	3.1%	-0.8%	56.7M	-4.77B	-25.1M	0.80	51.71	14,743	11,829	135,421	154,664
2025-10-06	$795.55	$735.00	32.6%	9.0%	19.0%	25.0%	31.5%	3.2%	-0.3%	63.2M	-4.99B	-25.0M	1.02	42.44	9,234	9,403	129,386	144,805
2025-10-07	$786.24	$730.00	32.3%	9.0%	16.4%	24.3%	31.5%	4.0%	-0.6%	38.0M	-4.60B	-24.8M	1.15	41.79	8,417	9,659	132,034	147,178
2025-10-08	$778.50	$730.00	33.6%	9.3%	16.7%	27.0%	33.2%	3.5%	-1.3%	14.3M	-4.26B	-25.1M	1.05	43.65	10,084	10,551	135,000	149,198
2025-10-09	$779.68	$730.00	33.3%	9.3%	14.8%	26.4%	32.0%	3.4%	-0.4%	32.7M	-4.41B	-25.4M	0.73	39.22	11,784	8,652	137,877	152,464
2025-10-10	$767.50	$730.00	36.5%	10.1%	15.6%	33.0%	34.9%	2.3%	-0.4%	-19.5M	-3.80B	-26.2M	1.03	54.54	20,071	20,594	143,821	156,320
2025-10-13	$789.46	$730.00	34.8%	9.6%	18.5%	29.5%	33.1%	4.4%	-1.3%	91.2M	-5.17B	-25.5M	0.85	50.29	27,047	23,118	139,985	143,042
2025-10-14	$772.70	$735.00	30.6%	8.6%	20.0%	21.0%	30.7%	1.2%	-0.1%	42.4M	-4.34B	-25.5M	0.66	51.50	46,752	31,021	151,153	156,823
2025-10-15	$764.78	$740.00	30.8%	8.7%	19.8%	21.3%	31.1%	2.9%	-0.6%	24.6M	-3.91B	-26.4M	0.75	53.15	25,238	18,844	160,473	165,302
2025-10-16	$755.60	$740.00	38.5%	10.6%	19.5%	37.1%	35.9%	1.8%	-1.8%	-22.2M	-3.19B	-27.7M	0.90	59.11	25,059	22,612	163,828	170,588
2025-10-17	$751.55	$750.00	32.4%	9.1%	19.3%	24.5%	31.0%	5.6%	-1.0%	-95.7M	-2.90B	-27.2M	0.74	56.33	34,954	25,812	165,451	173,995
2025-10-20	$764.09	$750.00	29.4%	8.3%	20.6%	18.5%	29.4%	4.5%	-0.7%	75.6M	-3.60B	-27.6M	0.87	55.51	12,764	11,109	136,366	140,657
2025-10-21	$761.41	$750.00	28.9%	8.3%	20.4%	17.4%	28.4%	4.7%	-0.3%	77.4M	-3.50B	-27.4M	1.07	55.10	10,883	11,680	140,935	144,699
2025-10-22	$745.50	$750.00	29.8%	8.5%	20.8%	19.3%	29.7%	4.2%	-2.1%	10.3M	-2.56B	-27.6M	1.34	61.76	12,351	16,512	142,914	148,905
2025-10-23	$750.98	$750.00	28.7%	8.3%	21.1%	17.1%	27.2%	4.3%	-1.4%	8.2M	-2.81B	-27.5M	0.44	59.32	30,979	13,769	144,451	153,919
2025-10-24	$782.80	$750.00	26.8%	7.7%	25.9%	13.2%	28.1%	4.2%	-0.8%	466.9M	-5.72B	-27.5M	0.50	63.26	57,646	28,896	157,657	156,452
2025-10-27	$789.88	$750.00	26.9%	8.0%	26.1%	13.5%	27.6%	3.4%	0.6%	181.4M	-5.13B	-27.3M	1.03	65.14	15,358	15,801	142,743	147,519
2025-10-28	$791.27	$750.00	27.3%	8.3%	25.7%	14.3%	28.8%	3.5%	0.5%	172.1M	-5.03B	-27.7M	0.86	65.87	9,825	8,493	144,456	152,947
2025-10-29	$782.53	$750.00	29.5%	8.6%	25.9%	18.7%	29.9%	2.5%	0.0%	119.6M	-4.44B	-27.9M	1.01	69.87	14,870	15,009	145,725	155,373
2025-10-30	$790.51	$750.00	29.3%	8.6%	25.8%	18.4%	29.3%	3.2%	0.5%	178.7M	-4.87B	-28.6M	0.86	63.45	23,300	20,092	148,645	160,497
2025-10-31	$791.21	$750.00	29.1%	8.2%	25.5%	17.8%	28.8%	3.4%	0.1%	206.1M	-4.76B	-28.4M	0.69	67.01	22,764	15,797	149,913	163,051