GS Options History — January 2026

In January 2026, GS traded between $912.35 and $973.98. ATM implied volatility averaged 28.4%, placing in the 16.1% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 1.1% (HV 20d: 29.5%). Max pain ranged from $775.00 to $885.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.95.

Notable Days

  • 2026-01-15: Highest Volume — 84,424 contracts
  • 2026-01-20: Largest IV spike — 13.8% change
  • 2026-01-07: Highest IV Rank — 23.0%
  • 2026-01-02: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$941.21$912.35$973.98$912.35$935.06
Max Pain$859.00$775.00$885.00$775.00$885.00
ATM IV28.4%25.3%31.6%29.5%27.9%
Expected Move8.0%7.2%9.5%9.5%7.8%
HV 20d29.5%24.7%33.3%24.7%32.3%
HV 60d26.9%25.8%27.5%25.8%27.3%
IV Rank16.1%8.4%23.0%18.8%13.4%
IV Percentile50.7%21.0%78.2%64.7%43.7%
Term Structure-0.5%-2.3%1.5%-1.2%0.4%
VWIV28.6%25.4%34.6%34.6%27.8%
Skew 25d2.8%1.6%3.7%3.5%2.9%
Skew 10d6.2%3.8%9.9%9.6%6.6%
Call IV 25d27.2%23.8%30.9%27.5%26.2%
Put IV 25d30.0%26.9%33.5%31.1%29.2%
Bid-Ask Spread %56.4448.1661.7361.7359.58
Gamma HHI0.040.020.100.100.03
Net GEX86.8M-53.4M259.5M208.9M19.5M
Net DEX-7.27B-10.45B-4.31B-7.69B-5.53B
Net VEX-41.8M-45.3M-37.4M-39.1M-45.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.501.361.201.05
Total Volume37,408.4514,42384,42438,09425,715
Total OI343,076.8299,322403,595341,709332,778

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$912.35$775.0029.5%9.5%24.7%18.8%34.6%3.5%-1.2%208.9M-7.69B-39.1M1.2061.7317,33920,755160,883180,826
2026-01-05$952.07$815.0031.4%8.6%28.1%22.5%30.8%1.7%-0.0%133.4M-9.19B-37.4M0.9648.2132,35031,078153,521174,983
2026-01-06$955.12$830.0030.4%8.4%27.6%20.6%30.0%2.1%-0.3%129.7M-9.25B-38.8M0.8748.1614,16612,294161,003186,221
2026-01-07$937.12$835.0031.6%8.5%28.7%23.0%30.0%1.9%-0.4%99.6M-8.29B-39.6M1.2056.8718,28421,919164,146189,971
2026-01-08$936.85$850.0030.8%8.5%28.6%21.3%29.8%3.6%-1.9%82.4M-8.20B-40.8M1.0155.1915,85116,080170,249198,045
2026-01-09$940.36$850.0030.3%8.3%27.9%20.4%29.6%3.5%-1.5%120.2M-8.47B-41.0M0.9061.7315,42913,882173,014200,817
2026-01-12$950.06$850.0029.8%8.4%27.0%19.4%29.8%3.6%-0.2%97.1M-8.43B-40.7M1.1056.1912,21713,454162,766188,595
2026-01-13$937.51$850.0030.3%8.3%25.3%20.3%29.6%3.6%-1.0%81.3M-7.90B-41.2M1.3655.4912,18516,595166,123192,972
2026-01-14$930.89$865.0030.6%8.1%25.6%21.0%29.7%2.9%-2.3%68.5M-7.58B-41.6M0.9259.0527,91825,709170,173198,433
2026-01-15$973.98$870.0027.8%7.7%29.2%15.3%28.0%3.7%-1.2%259.5M-10.45B-40.0M0.7257.9248,97935,445181,655208,038
2026-01-16$961.70$870.0025.7%7.2%29.3%10.9%25.6%3.4%-0.9%165.7M-9.56B-40.9M0.9054.7529,71326,818187,275216,320
2026-01-20$943.92$870.0029.2%8.3%30.4%18.1%29.1%2.6%-0.6%46.3M-5.85B-42.2M0.9652.9119,39418,666144,342154,980
2026-01-21$958.28$875.0026.7%7.7%30.2%13.1%27.6%2.1%0.1%73.1M-6.64B-42.3M0.5954.5620,58012,190148,395160,633
2026-01-22$951.95$880.0026.1%7.5%30.4%11.8%26.7%1.6%-1.5%45.2M-6.38B-42.0M0.5058.8325,56612,899151,849164,049
2026-01-23$919.63$880.0025.8%7.4%33.2%11.3%26.2%2.5%0.0%-53.4M-4.31B-43.6M1.1758.2127,61532,297158,573167,230
2026-01-26$930.65$880.0025.3%7.2%33.3%9.8%25.4%2.7%1.3%28.5M-5.32B-44.3M0.7457.5613,0949,704153,154161,885
2026-01-27$928.12$880.0026.2%7.5%33.3%11.5%26.5%2.5%0.4%25.6M-5.19B-45.0M0.8658.508,9277,692156,757165,344
2026-01-28$933.73$885.0025.5%7.5%32.8%8.4%27.8%3.7%1.5%47.9M-5.50B-44.9M1.0257.067,1267,297158,784167,325
2026-01-29$934.84$885.0027.4%7.6%32.4%12.3%27.8%2.2%-0.2%56.5M-5.62B-45.0M0.8556.3211,2969,651160,570168,859
2026-01-30$935.06$885.0027.9%7.8%32.3%13.4%27.8%2.9%0.4%19.5M-5.53B-45.3M1.0559.5812,54413,171161,776171,002