GDX Options History — June 2014

In June 2014, GDX traded between $22.28 and $26.45. ATM implied volatility averaged 24.7%, placing in the 12.1% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 0.5% (HV 20d: 24.1%). Max pain ranged from $22.00 to $24.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.62.

Notable Days

  • 2014-06-19: Highest Volume — 235,005 contracts
  • 2014-06-19: Largest IV spike — 9.1% change
  • 2014-06-19: Highest IV Rank — 18.3%
  • 2014-06-19: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.29$22.28$26.45$22.29$26.45
Max Pain$23.05$22.00$24.00$22.00$24.00
ATM IV24.7%23.1%26.5%25.1%26.3%
Expected Move8.1%7.9%8.4%8.1%8.0%
HV 20d24.1%19.2%30.5%19.3%27.3%
HV 60d25.9%24.1%27.6%27.6%25.1%
IV Rank12.1%6.7%18.3%13.5%17.6%
IV Percentile6.3%2.0%12.7%2.8%12.7%
Term Structure0.6%-0.0%0.9%0.4%-0.0%
VWIV28.7%28.0%29.6%28.8%28.4%
Skew 25d-0.2%-1.2%1.0%-0.1%-0.5%
Skew 10d-0.3%-2.6%1.4%0.1%0.2%
Call IV 25d25.2%23.1%27.0%25.8%27.0%
Put IV 25d25.1%23.5%26.6%25.7%26.5%
Bid-Ask Spread %9.586.2112.226.3711.15
Gamma HHI0.140.080.400.090.09
Net GEX19.3M-3.9M54.6M-3.9M20.4M
Net DEX-270.2M-970.9M216.8M216.8M-603.8M
Net VEX-4.6M-5.1M-4.0M-4.0M-5.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.201.350.610.62
Total Volume67,388.66729,143235,00529,14348,792
Total OI1,561,450.0951,287,2811,780,4691,569,0131,312,922

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-06-02$22.29$22.0025.1%8.1%19.3%13.5%28.8%-0.1%0.4%-3.9M216.8M-4.0M0.616.3718,11111,032952,216616,797
2014-06-03$22.37$22.0023.7%8.1%19.2%8.8%28.6%-0.3%0.3%-2.5M187.6M-4.0M1.356.2122,89030,988959,999619,628
2014-06-04$22.28$22.0023.8%8.1%19.2%9.0%29.6%-0.2%0.3%-3.1M198.6M-4.0M0.576.8926,21515,005970,574623,954
2014-06-05$22.65$22.0023.4%8.1%19.7%8.0%28.5%-0.6%0.8%4.5M97.7M-4.1M0.468.3927,72212,875984,886633,178
2014-06-06$22.64$22.0023.7%8.1%19.7%8.9%28.8%-0.4%0.4%2.6M98.5M-4.1M1.2312.2226,35232,367990,944637,359
2014-06-09$22.55$23.0024.1%8.0%19.7%10.1%28.0%-0.9%0.9%248.7K123.0M-4.1M1.0311.7219,22219,874981,823630,084
2014-06-10$23.03$23.0023.7%8.0%21.1%8.7%28.1%0.4%0.5%9.0M10.7M-4.2M0.269.1527,2777,124991,972645,197
2014-06-11$23.41$23.0023.1%7.9%22.0%6.7%28.1%0.4%0.5%15.8M-99.2M-4.3M0.679.4242,41428,4221,007,741646,380
2014-06-12$24.03$23.0024.3%8.1%23.6%10.8%28.7%1.0%0.5%27.3M-266.9M-4.6M0.438.9367,97029,0201,016,386654,160
2014-06-13$24.11$23.0023.1%8.1%22.8%6.9%28.2%0.6%0.4%32.0M-312.0M-4.6M0.349.9165,53522,4291,042,760665,374
2014-06-16$23.98$23.0023.8%8.2%22.7%9.2%28.9%0.3%0.2%31.2M-220.3M-4.6M0.5812.1530,74817,9721,014,826659,259
2014-06-17$24.12$23.0024.1%8.0%22.7%10.1%28.7%0.4%0.9%33.4M-243.4M-4.6M0.6611.6320,56913,5831,023,534665,499
2014-06-18$24.76$23.0024.3%8.2%24.3%10.8%29.3%-0.9%0.9%54.6M-461.4M-4.6M0.289.9489,32624,5881,024,257668,570
2014-06-19$26.09$23.0026.5%8.4%30.0%18.3%29.4%-0.5%0.5%45.6M-970.9M-4.8M0.2010.64195,82439,1811,045,970669,484
2014-06-20$25.82$23.0025.7%8.2%30.4%15.5%28.8%-0.9%0.6%31.5M-886.3M-5.0M0.257.5497,87424,1981,090,011690,458
2014-06-23$26.27$24.0026.2%8.2%30.5%17.2%29.2%-0.2%0.4%19.7M-590.2M-5.1M0.749.2131,13923,199786,787500,494
2014-06-24$25.47$24.0026.1%8.0%29.0%16.9%28.8%-1.2%0.4%18.0M-440.3M-5.0M0.5210.6254,10428,297800,075509,821
2014-06-25$25.76$24.0025.9%8.0%27.7%16.3%28.1%-0.5%0.9%19.6M-477.9M-5.1M0.6610.7025,38616,787818,941523,962
2014-06-26$25.95$24.0025.8%8.2%27.7%16.0%28.9%0.1%0.9%21.7M-514.7M-5.1M0.669.1019,58512,932823,327528,829
2014-06-27$25.98$24.0025.3%8.0%27.8%14.4%28.3%0.3%0.6%28.5M-520.6M-5.0M0.889.2625,69422,540827,829534,185
2014-06-30$26.45$24.0026.3%8.0%27.3%17.6%28.4%-0.5%-0.0%20.4M-603.8M-5.0M0.6211.1530,07818,714800,279512,643