GS Options History — February 2026

In February 2026, GS traded between $861.66 and $948.15. ATM implied volatility averaged 33.1%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 1.8% (HV 20d: 31.4%). Max pain ranged from $825.00 to $895.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 1.17.

Notable Days

  • 2026-02-27: Highest Volume — 132,643 contracts
  • 2026-02-27: Largest IV spike — 16.5% change
  • 2026-02-27: Highest IV Rank — 34.6%
  • 2026-02-27: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$918.88$861.66$948.15$944.27$861.66
Max Pain$857.89$825.00$895.00$890.00$855.00
ATM IV33.1%27.7%38.8%27.7%38.8%
Expected Move9.5%7.8%11.5%7.8%11.5%
HV 20d31.4%25.9%41.3%30.0%41.3%
HV 60d28.8%27.3%33.0%27.3%33.0%
IV Rank23.8%13.0%34.6%13.0%34.6%
IV Percentile79.6%42.1%95.2%42.1%95.2%
Term Structure-0.4%-1.6%0.7%0.5%-1.0%
VWIV34.0%27.6%40.1%27.6%40.1%
Skew 25d5.0%3.2%7.0%4.1%6.8%
Skew 10d9.7%7.0%11.9%8.0%10.9%
Call IV 25d31.1%26.6%35.6%26.6%35.6%
Put IV 25d36.1%30.8%42.4%30.8%42.4%
Bid-Ask Spread %45.9936.6256.1455.4143.34
Gamma HHI0.030.020.080.030.05
Net GEX16.9M-95.3M97.0M72.6M-75.7M
Net DEX-4.58B-6.21B-1.36B-6.02B-1.36B
Net VEX-46.4M-47.5M-44.6M-44.6M-47.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.170.561.821.020.56
Total Volume36,47719,476132,64323,863132,643
Total OI333,952.158309,523355,398312,123342,253

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$944.27$890.0027.7%7.8%30.0%13.0%27.6%4.1%0.5%72.6M-6.02B-44.6M1.0255.4111,81912,044152,559159,564
2026-02-03$937.67$890.0029.8%8.8%25.9%17.3%31.5%5.0%0.2%61.0M-5.57B-45.5M1.3756.1411,68616,039156,033162,526
2026-02-04$914.70$895.0033.0%9.6%27.2%24.0%34.5%7.0%-1.4%-4.4M-4.25B-45.9M1.4055.3914,02219,628158,495167,371
2026-02-05$890.75$825.0035.0%9.7%28.0%28.2%33.8%4.2%-0.8%-53.5M-3.05B-45.7M1.4547.0615,30222,176162,863172,269
2026-02-06$929.63$850.0030.1%8.7%32.3%18.1%31.2%5.0%-1.6%39.3M-5.35B-46.1M0.7843.2616,74813,127165,762176,078
2026-02-09$944.26$850.0029.7%8.4%32.7%17.2%31.9%4.9%0.1%82.6M-6.01B-45.5M1.1046.9411,54712,699158,236165,878
2026-02-10$948.15$840.0031.1%8.9%32.5%20.0%31.9%4.8%0.4%91.6M-6.21B-45.9M1.8242.9011,05620,150160,534168,407
2026-02-11$946.65$840.0033.2%9.2%32.2%24.4%33.0%4.9%-1.2%74.3M-6.13B-46.3M1.2647.3012,27415,455163,204174,901
2026-02-12$910.13$850.0035.4%10.3%35.1%29.0%36.0%3.2%0.7%-27.0M-4.08B-46.9M1.0647.4320,33421,533165,976178,252
2026-02-13$901.86$850.0034.6%9.9%30.6%27.3%35.2%4.7%0.1%-95.3M-3.36B-47.0M1.1945.4618,60622,165170,380182,025
2026-02-17$916.60$850.0034.5%9.9%31.2%27.1%34.9%4.7%-0.8%3.7M-4.49B-46.2M0.8141.5716,77113,588162,282171,880
2026-02-18$930.72$855.0032.3%9.3%31.2%22.6%33.6%5.0%0.3%35.6M-5.36B-46.6M1.4744.9114,83321,832167,127175,152
2026-02-19$915.14$860.0034.0%9.8%31.1%25.3%34.7%5.0%0.2%-23.4M-4.29B-46.9M1.5244.999,91315,096170,008179,908
2026-02-20$920.14$860.0031.8%9.2%31.2%20.6%32.9%5.7%-0.4%-4.0M-4.69B-46.5M1.1850.5913,89116,447172,142183,256
2026-02-23$893.57$860.0036.5%10.6%30.5%29.7%36.9%5.3%-1.2%-15.6M-3.12B-46.9M1.3341.5017,84923,689149,111160,412
2026-02-24$903.19$865.0034.6%10.1%30.4%25.6%36.3%6.1%0.0%2.4M-3.68B-47.1M0.5936.6220,25111,863154,747167,609
2026-02-25$919.82$860.0034.1%9.8%31.2%24.5%36.7%4.0%-0.6%60.2M-4.71B-47.4M1.1238.809,19610,280160,484171,165
2026-02-26$929.83$855.0033.3%9.6%31.4%22.9%33.9%4.6%-0.5%97.0M-5.33B-47.5M1.1744.2412,23514,276162,568173,674
2026-02-27$861.66$855.0038.8%11.5%41.3%34.6%40.1%6.8%-1.0%-75.7M-1.36B-47.1M0.5643.3484,94147,702164,601177,652