GS Options History — November 2025

In November 2025, GS traded between $774.50 and $837.32. ATM implied volatility averaged 29.8%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 3.7% (HV 20d: 26.1%). Max pain ranged from $720.00 to $755.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.94.

Notable Days

  • 2025-11-12: Highest Volume — 60,301 contracts
  • 2025-11-17: Largest IV spike — 8.2% change
  • 2025-11-20: Highest IV Rank — 28.4%
  • 2025-11-20: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$796.12$774.50$837.32$787.40$826.37
Max Pain$740.79$720.00$755.00$750.00$750.00
ATM IV29.8%26.3%34.3%28.3%26.3%
Expected Move8.7%7.7%9.9%8.5%7.7%
HV 20d26.1%22.6%29.4%25.4%26.3%
HV 60d23.4%22.0%24.5%22.9%23.7%
IV Rank19.3%12.1%28.4%16.3%12.1%
IV Percentile64.2%37.3%88.5%54.0%37.3%
Term Structure-0.2%-1.8%1.8%1.8%0.1%
VWIV30.7%27.5%34.8%29.9%27.5%
Skew 25d2.9%1.3%4.7%1.7%4.3%
Skew 10d6.3%0.2%11.0%5.8%7.9%
Call IV 25d28.4%23.6%32.5%28.1%23.6%
Put IV 25d31.4%27.9%35.5%29.8%27.9%
Bid-Ask Spread %61.9055.9067.4467.1867.00
Gamma HHI0.040.030.050.040.04
Net GEX41.8M-90.1M168.8M85.5M132.3M
Net DEX-4.22B-7.07B-2.65B-4.37B-5.75B
Net VEX-30.9M-33.2M-28.1M-28.1M-33.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.541.400.750.63
Total Volume35,257.68418,66060,30126,51625,454
Total OI322,073.526290,386356,253290,386338,583

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-11-03$787.40$750.0028.3%8.5%25.4%16.3%29.9%1.7%1.8%85.5M-4.37B-28.1M0.7567.1815,15711,359137,864152,522
2025-11-04$793.48$755.0029.7%8.8%25.2%19.1%30.7%2.0%-0.3%100.8M-4.68B-28.4M0.9765.1919,60418,949141,373155,882
2025-11-05$795.78$755.0028.8%8.4%24.9%17.4%29.7%2.5%0.2%88.0M-4.59B-28.7M1.4065.8711,09215,493143,636162,072
2025-11-06$788.79$720.0029.3%8.4%25.1%18.3%30.5%1.5%0.7%51.6M-4.19B-29.0M0.9158.5311,23210,241145,780166,956
2025-11-07$783.14$720.0029.7%8.6%24.6%19.2%30.2%3.1%-0.5%21.3M-3.76B-29.1M0.9459.8322,43921,016147,672167,715
2025-11-10$798.39$720.0029.1%8.3%23.5%17.8%29.2%2.3%-0.3%78.0M-4.74B-29.0M1.0755.9012,70613,580139,850161,262
2025-11-11$811.67$720.0028.0%8.1%22.6%15.6%28.9%2.4%0.8%107.9M-5.46B-28.8M0.5460.2822,40012,091143,267165,921
2025-11-12$837.32$720.0027.8%8.0%24.2%15.2%28.8%2.5%-0.3%168.8M-7.07B-28.7M0.8656.9232,34727,954148,532169,058
2025-11-13$808.03$740.0029.2%8.5%27.6%18.0%30.1%1.3%0.7%70.9M-5.02B-30.9M0.8257.8924,85620,359153,163179,060
2025-11-14$792.51$740.0029.4%8.6%28.6%18.5%30.2%2.4%1.1%-25.4M-3.79B-31.7M0.9859.3319,09618,746156,240183,860
2025-11-17$774.97$740.0031.8%9.1%29.4%23.4%31.9%3.3%-0.0%-17.0M-2.71B-31.7M0.9856.5215,81915,451147,788176,189
2025-11-18$778.86$745.0033.2%9.5%29.4%26.3%33.8%3.6%-1.3%-15.0M-3.03B-32.3M0.9858.0316,20415,913151,497180,880
2025-11-19$785.60$750.0033.1%9.5%28.3%26.0%33.2%3.9%-1.8%-692.9K-3.36B-32.6M1.0161.289,3059,355155,057186,142
2025-11-20$774.50$750.0034.3%9.9%28.8%28.4%34.8%2.3%-1.2%-35.8M-2.75B-32.4M1.0967.0123,79025,826157,512188,332
2025-11-21$775.88$750.0031.5%9.1%24.7%22.7%32.5%3.6%-0.5%-90.1M-2.65B-32.8M1.3760.2822,51930,780160,063196,190
2025-11-24$792.38$750.0030.0%8.8%25.6%19.8%31.2%4.3%-1.3%-14.4M-3.32B-32.8M1.1764.3012,82915,057136,641174,309
2025-11-25$803.81$750.0029.0%8.7%26.1%17.8%31.2%4.7%-0.5%16.9M-4.02B-33.2M0.8467.4419,23816,234141,294178,673
2025-11-26$817.41$750.0027.5%7.9%26.3%14.7%28.4%4.1%-0.4%70.6M-5.01B-33.1M0.6267.2421,80513,600145,628182,934
2025-11-28$826.37$750.0026.3%7.7%26.3%12.1%27.5%4.3%0.1%132.3M-5.75B-33.1M0.6367.0015,5789,876151,584186,999