GDX Options History — June 2018

In June 2018, GDX traded between $21.84 and $22.64. ATM implied volatility averaged 18.9%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 6.2% (HV 20d: 12.7%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.70.

Notable Days

2018-06-20: Highest Volume — 144,477 contracts
2018-06-25: Largest IV spike — 9.4% change
2018-06-27: Highest IV Rank — 18.3%
2018-06-01: Largest Expected Move — 6.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.24	$21.84	$22.64	$22.28	$22.31
Max Pain	$22.00	$22.00	$22.00	$22.00	$22.00
ATM IV	18.9%	17.8%	20.7%	19.7%	18.8%
Expected Move	5.6%	5.1%	6.1%	6.1%	5.3%
HV 20d	12.7%	10.4%	14.0%	13.6%	13.7%
HV 60d	16.4%	14.5%	17.8%	17.7%	15.0%
IV Rank	5.9%	0.0%	18.3%	9.1%	6.4%
IV Percentile	6.2%	0.0%	27.8%	9.5%	5.6%
Term Structure	0.3%	-0.5%	1.1%	-0.5%	0.4%
VWIV	19.8%	18.4%	22.3%	22.3%	18.7%
Skew 25d	-0.0%	-0.5%	0.5%	-0.1%	-0.4%
Skew 10d	-0.3%	-1.9%	0.8%	-0.2%	-1.2%
Call IV 25d	19.4%	18.1%	21.3%	20.4%	19.3%
Put IV 25d	19.4%	18.4%	21.2%	20.3%	18.9%
Bid-Ask Spread %	2.09	1.54	2.54	2.51	2.23
Gamma HHI	0.16	0.13	0.23	0.13	0.16
Net GEX	10.2M	-12.2M	40.0M	6.3M	13.5M
Net DEX	-95.5M	-319.3M	64.9M	-50.1M	-205.2M
Net VEX	-5.7M	-6.2M	-5.5M	-5.7M	-6.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.70	0.26	1.85	1.22	0.54
Total Volume	88,853.095	45,410	144,477	81,054	135,510
Total OI	1,903,866.048	1,499,535	2,234,764	2,039,093	1,836,111

Daily Data (21 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
2018-06-01	$22.28	$22.00	19.7%	6.1%	13.6%	9.1%	22.3%	-0.1%	-0.5%	6.3M	-50.1M	-5.7M	1.22	2.51	36,436	44,618	1,067,276	971,817
2018-06-04	$22.26	$22.00	18.9%	5.7%	13.6%	4.1%	20.0%	-0.5%	0.6%	4.1M	-50.5M	-5.6M	1.85	1.96	15,936	29,474	1,035,940	968,901
2018-06-05	$22.42	$22.00	18.2%	5.7%	13.9%	0.0%	20.0%	-0.1%	0.5%	9.5M	-109.2M	-5.5M	0.57	2.22	56,717	32,244	1,042,674	980,460
2018-06-06	$22.48	$22.00	18.5%	5.7%	13.9%	2.1%	20.0%	0.5%	0.3%	18.4M	-159.7M	-5.7M	0.86	2.54	27,920	23,893	1,078,838	996,141
2018-06-07	$22.42	$22.00	18.6%	5.7%	14.0%	2.7%	20.2%	0.2%	0.5%	17.2M	-142.0M	-5.7M	0.51	1.80	37,566	18,991	1,087,978	1,002,465
2018-06-08	$22.36	$22.00	18.6%	5.7%	12.9%	3.0%	20.3%	0.1%	0.8%	9.6M	-104.5M	-5.7M	0.37	2.01	64,725	23,913	1,109,649	1,008,308
2018-06-11	$22.53	$22.00	19.0%	5.6%	13.3%	5.0%	19.8%	0.2%	0.4%	19.6M	-213.3M	-5.7M	0.35	1.91	60,306	21,207	1,137,128	997,942
2018-06-12	$22.47	$22.00	19.1%	5.7%	13.1%	5.7%	20.2%	0.0%	0.7%	18.7M	-198.0M	-5.8M	0.49	2.14	50,659	24,936	1,158,246	1,006,663
2018-06-13	$22.51	$22.00	18.7%	5.7%	10.4%	3.2%	19.9%	-0.2%	1.1%	23.1M	-227.2M	-5.8M	0.39	2.08	77,964	30,658	1,172,145	1,018,192
2018-06-14	$22.64	$22.00	17.8%	5.2%	10.6%	0.0%	18.6%	0.3%	0.7%	40.0M	-319.3M	-5.8M	0.34	1.54	75,215	25,934	1,203,069	1,028,225
2018-06-15	$22.22	$22.00	18.6%	5.4%	12.5%	4.8%	19.2%	0.1%	0.5%	-12.2M	-50.6M	-5.6M	0.78	2.01	72,926	56,920	1,204,417	1,030,347
2018-06-18	$22.23	$22.00	18.2%	5.3%	12.5%	2.4%	18.4%	0.0%	-0.3%	5.2M	-71.8M	-5.5M	0.26	2.10	81,065	21,220	835,686	663,849
2018-06-19	$22.11	$22.00	18.6%	5.4%	12.5%	5.3%	19.8%	-0.2%	0.1%	14.4M	-69.4M	-5.6M	0.52	1.72	43,853	22,969	878,640	674,182
2018-06-20	$21.93	$22.00	19.0%	5.5%	12.7%	7.8%	19.3%	0.2%	0.1%	13.5M	14.5M	-5.5M	0.55	1.95	93,094	51,383	901,007	687,038
2018-06-21	$21.86	$22.00	19.2%	5.5%	12.4%	8.7%	19.4%	-0.0%	0.2%	394.9K	64.9M	-5.6M	0.61	2.03	37,438	22,944	922,784	723,332
2018-06-22	$22.22	$22.00	17.8%	5.1%	13.0%	0.0%	18.6%	-0.4%	-0.3%	7.9M	-137.5M	-5.7M	0.48	2.17	56,567	27,379	936,058	726,829
2018-06-25	$21.99	$22.00	19.4%	5.6%	12.5%	10.4%	20.1%	-0.1%	0.7%	3.3M	-29.2M	-5.8M	0.84	2.42	44,057	37,061	931,781	712,879
2018-06-26	$22.00	$22.00	19.4%	5.5%	12.4%	10.6%	19.9%	0.1%	0.2%	-401.9K	-14.5M	-5.8M	1.04	2.18	54,765	57,048	952,068	726,357
2018-06-27	$21.84	$22.00	20.7%	5.9%	11.8%	18.3%	21.2%	-0.1%	0.1%	2.2M	41.1M	-6.0M	1.16	2.23	45,078	52,346	993,783	754,932
2018-06-28	$21.90	$22.00	20.0%	5.5%	11.8%	14.3%	19.8%	-0.2%	0.4%	-26.7K	26.9M	-6.0M	1.00	2.24	36,554	36,426	1,026,241	790,809
2018-06-29	$22.31	$22.00	18.8%	5.3%	13.7%	6.4%	18.7%	-0.4%	0.4%	13.5M	-205.2M	-6.2M	0.54	2.23	87,782	47,728	1,034,210	801,901