GDX Options History — June 2021

In June 2021, GDX traded between $33.64 and $39.51. ATM implied volatility averaged 28.4%, placing in the 3.7% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 1.7% (HV 20d: 26.7%). Max pain ranged from $36.00 to $39.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.55.

Notable Days

  • 2021-06-17: Highest Volume — 514,349 contracts
  • 2021-06-18: Largest IV spike — 8.6% change
  • 2021-06-18: Highest IV Rank — 16.9%
  • 2021-06-18: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.53$33.64$39.51$39.48$34.03
Max Pain$37.86$36.00$39.00$36.00$36.00
ATM IV28.4%26.9%31.0%29.0%27.4%
Expected Move8.1%7.6%8.9%8.1%7.7%
HV 20d26.7%19.9%29.4%27.0%27.4%
HV 60d29.2%28.1%30.8%28.3%28.7%
IV Rank3.7%0.0%16.9%1.5%2.3%
IV Percentile2.5%0.0%14.7%1.6%1.6%
Term Structure0.4%-0.2%0.8%-0.1%0.7%
VWIV28.8%26.7%32.1%28.5%26.7%
Skew 25d-0.1%-1.3%1.1%-0.7%0.9%
Skew 10d0.4%-1.6%3.1%-0.7%3.1%
Call IV 25d28.9%27.2%31.7%30.0%27.7%
Put IV 25d28.8%26.9%31.2%29.3%28.5%
Bid-Ask Spread %2.591.835.985.542.39
Gamma HHI0.110.070.180.170.07
Net GEX37.4M-19.5M88.4M83.4M13.9M
Net DEX-531.2M-1.81B639.9M-1.81B273.0M
Net VEX-13.1M-14.1M-12.0M-14.1M-13.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.191.000.590.37
Total Volume138,809.09171,032514,34994,43989,837
Total OI2,602,3722,256,0783,042,6082,563,7652,540,570

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-06-01$39.48$36.0029.0%8.1%27.0%1.5%28.5%-0.7%-0.1%83.4M-1.81B-14.1M0.595.5459,52434,9151,582,331981,434
2021-06-02$39.51$36.0028.7%7.9%25.9%0.3%28.8%-0.5%0.0%82.9M-1.80B-13.8M0.512.5574,44538,2541,584,8331,004,168
2021-06-03$38.19$39.0028.9%8.4%29.4%1.2%29.6%0.1%-0.2%50.1M-1.10B-13.6M1.002.0589,66789,7301,623,7391,013,225
2021-06-04$38.66$39.0028.3%8.2%27.5%0.0%28.8%0.4%-0.0%63.1M-1.33B-13.8M0.502.0479,23039,5511,640,8431,025,784
2021-06-07$38.62$39.0029.0%8.4%27.1%3.3%29.7%0.1%0.4%68.7M-1.35B-13.6M0.192.0067,95012,6811,620,1511,002,328
2021-06-08$38.11$39.0029.3%8.4%27.6%4.4%29.8%0.1%0.2%59.3M-1.11B-13.2M0.432.1772,63031,4281,645,4841,008,458
2021-06-09$38.07$39.0028.4%8.2%27.6%0.6%29.1%0.1%0.2%60.4M-1.10B-13.4M0.432.2249,77921,5681,672,0751,020,950
2021-06-10$38.84$39.0027.6%8.0%27.2%0.0%28.4%0.6%0.5%88.4M-1.49B-13.6M0.362.4367,41724,0021,679,3871,034,772
2021-06-11$38.31$39.0027.1%7.8%27.8%0.0%27.8%-0.1%0.5%64.9M-1.17B-13.2M0.462.1185,66439,4741,696,1241,038,173
2021-06-14$38.02$39.0027.5%7.9%26.7%1.9%28.1%-0.4%0.5%52.6M-1.02B-13.0M0.641.9143,34127,6911,684,2401,034,254
2021-06-15$37.59$39.0027.6%7.9%19.9%2.0%28.2%-0.5%0.4%38.5M-797.8M-12.9M0.821.8378,12063,9371,700,8731,044,495
2021-06-16$36.90$39.0028.6%8.2%20.7%6.4%29.1%-0.5%-0.1%25.0M-484.3M-12.8M0.901.9489,02079,7201,739,7721,067,342
2021-06-17$34.91$39.0028.6%8.2%27.3%6.3%29.3%-1.3%0.7%-19.5M454.8M-12.0M0.472.74349,294165,0551,790,4021,109,427
2021-06-18$34.23$38.0031.0%8.9%26.4%16.9%32.1%-0.5%0.4%3.4M639.9M-12.4M0.682.27161,656109,1431,920,2841,122,324
2021-06-21$34.82$37.0030.3%8.6%27.8%14.0%31.1%-0.9%0.2%15.5M62.9M-12.9M0.472.7774,18634,7811,395,596860,482
2021-06-22$34.65$37.0028.9%8.3%27.5%7.9%29.6%-0.4%0.5%15.0M91.7M-12.8M0.502.8068,34334,2051,426,065876,392
2021-06-23$34.40$37.0028.1%8.0%27.3%4.1%28.7%-0.1%0.6%15.0M167.4M-12.7M0.522.3480,28341,7581,471,074887,742
2021-06-24$34.36$37.0027.4%7.8%27.3%1.3%27.9%0.1%0.7%14.0M194.3M-12.7M0.395.9880,62531,6221,491,632905,147
2021-06-25$34.35$37.0026.9%7.6%27.4%0.0%26.9%-0.3%0.8%15.8M213.4M-12.9M0.602.3049,05029,6071,520,637923,644
2021-06-28$33.92$37.0027.4%7.8%26.9%2.2%27.4%0.9%0.5%6.2M358.9M-12.4M0.512.51103,25752,9431,483,133908,217
2021-06-29$33.64$36.0027.9%7.9%26.7%4.4%27.9%1.1%0.4%6.0M418.5M-12.4M0.782.1477,75960,6581,543,225930,956
2021-06-30$34.03$36.0027.4%7.7%27.4%2.3%26.7%0.9%0.7%13.9M273.0M-13.0M0.372.3965,39224,4451,574,276966,294