GDX Options History — June 2022

In June 2022, GDX traded between $27.49 and $33.35. ATM implied volatility averaged 38.7%, placing in the 52.9% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded below realized volatility by 2.0% (HV 20d: 40.7%). Max pain ranged from $31.00 to $34.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.52.

Notable Days

2022-06-16: Highest Volume — 199,176 contracts
2022-06-13: Largest IV spike — 14.3% change
2022-06-14: Highest IV Rank — 76.5%
2022-06-14: Largest Expected Move — 12.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.66	$27.49	$33.35	$31.96	$27.49
Max Pain	$31.67	$31.00	$34.00	$34.00	$31.00
ATM IV	38.7%	33.4%	44.5%	35.8%	41.6%
Expected Move	11.1%	9.8%	12.8%	10.8%	11.7%
HV 20d	40.7%	35.4%	43.5%	40.1%	43.5%
HV 60d	37.4%	34.7%	38.9%	34.7%	38.9%
IV Rank	52.9%	31.0%	76.5%	40.9%	64.6%
IV Percentile	82.5%	61.1%	97.6%	73.0%	92.9%
Term Structure	0.0%	-0.7%	1.0%	-0.7%	-0.1%
VWIV	38.7%	34.6%	44.6%	37.7%	38.1%
Skew 25d	3.0%	1.4%	4.2%	3.5%	3.4%
Skew 10d	6.5%	2.4%	8.1%	7.5%	7.0%
Call IV 25d	37.9%	32.8%	43.5%	34.9%	40.6%
Put IV 25d	41.0%	35.8%	46.5%	38.4%	44.0%
Bid-Ask Spread %	4.83	1.93	11.07	2.24	2.40
Gamma HHI	0.07	0.06	0.08	0.07	0.08
Net GEX	4.7M	-8.4M	24.1M	4.6M	-8.0M
Net DEX	362.1M	-152.0M	760.3M	318.4M	711.9M
Net VEX	-8.9M	-10.4M	-7.1M	-9.5M	-7.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.26	0.91	0.41	0.67
Total Volume	102,690.905	39,034	199,176	54,737	148,664
Total OI	2,498,414.19	2,090,623	2,911,164	2,556,888	2,297,526

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
2022-06-01	$31.96	$34.00	35.8%	10.8%	40.1%	40.9%	37.7%	3.5%	-0.7%	4.6M	318.4M	-9.5M	0.41	2.24	38,941	15,796	1,733,490	823,398
2022-06-02	$33.35	$32.00	34.7%	10.1%	42.6%	36.6%	36.2%	2.7%	-0.6%	24.1M	-152.0M	-10.4M	0.75	6.23	78,089	58,528	1,756,393	828,269
2022-06-03	$32.59	$32.00	34.8%	10.0%	41.4%	36.9%	35.4%	3.0%	-0.3%	12.1M	116.9M	-10.0M	0.62	9.63	30,157	18,836	1,773,014	844,650
2022-06-06	$32.17	$33.00	35.4%	10.2%	41.5%	39.2%	35.4%	3.1%	0.4%	5.8M	283.9M	-9.5M	0.39	2.23	28,163	10,948	1,765,768	840,749
2022-06-07	$32.45	$33.00	34.4%	10.0%	36.2%	35.0%	34.7%	3.0%	0.7%	9.9M	198.0M	-9.4M	0.91	2.31	23,475	21,437	1,774,099	842,389
2022-06-08	$32.33	$32.00	33.4%	9.8%	35.4%	31.0%	34.6%	3.0%	1.0%	8.5M	223.8M	-9.3M	0.71	10.06	22,836	16,198	1,779,548	851,084
2022-06-09	$31.16	$32.00	35.0%	10.1%	37.9%	37.7%	34.7%	2.9%	0.1%	-6.5M	525.5M	-8.7M	0.63	2.27	63,950	40,456	1,789,340	844,034
2022-06-10	$32.48	$32.00	38.0%	11.0%	36.0%	49.8%	38.7%	1.4%	0.8%	13.1M	45.3M	-10.0M	0.33	6.80	132,133	43,019	1,809,210	853,127
2022-06-13	$30.56	$32.00	43.4%	12.4%	41.9%	72.0%	43.5%	2.4%	-0.4%	-5.0M	563.1M	-9.0M	0.30	2.79	85,957	25,420	1,830,046	853,229
2022-06-14	$29.71	$32.00	44.5%	12.8%	42.9%	76.5%	44.6%	3.0%	-0.7%	-8.4M	760.3M	-8.4M	0.65	11.07	101,470	65,832	1,867,225	857,668
2022-06-15	$30.12	$31.00	42.3%	12.1%	43.2%	67.6%	42.8%	1.4%	0.0%	-3.3M	651.8M	-8.7M	0.26	10.16	110,665	28,299	1,925,839	873,176
2022-06-16	$30.79	$31.00	43.1%	12.4%	43.4%	71.1%	43.7%	2.0%	-0.5%	10.8M	381.7M	-9.4M	0.38	6.93	144,749	54,427	1,986,917	868,677
2022-06-17	$30.36	$31.00	41.1%	11.8%	39.5%	62.7%	40.7%	2.9%	-0.6%	2.9M	494.9M	-9.1M	0.60	6.71	62,355	37,594	2,040,454	870,710
2022-06-21	$30.51	$31.00	38.6%	11.0%	39.6%	52.6%	39.2%	3.4%	0.1%	11.3M	145.5M	-8.9M	0.27	2.41	98,864	27,040	1,490,657	599,966
2022-06-22	$30.20	$31.00	38.8%	11.1%	39.5%	53.4%	38.5%	3.5%	0.3%	8.7M	211.2M	-8.7M	0.39	2.41	43,827	17,025	1,510,304	613,341
2022-06-23	$28.99	$31.00	40.9%	11.7%	40.9%	62.0%	40.8%	4.2%	0.1%	224.9K	450.1M	-7.8M	0.68	2.27	99,062	67,541	1,524,346	613,873
2022-06-24	$29.69	$31.00	39.2%	11.0%	42.2%	54.7%	37.9%	3.3%	0.5%	9.0M	288.9M	-8.6M	0.49	2.49	68,216	33,146	1,573,654	651,729
2022-06-27	$29.57	$31.00	38.3%	10.8%	42.2%	51.1%	37.4%	4.0%	0.5%	8.1M	342.8M	-8.3M	0.60	5.82	33,595	20,218	1,570,544	651,036
2022-06-28	$28.85	$31.00	39.3%	11.1%	42.7%	55.3%	39.2%	3.7%	0.2%	2.1M	483.9M	-7.9M	0.50	1.93	41,385	20,840	1,569,778	658,408
2022-06-29	$28.44	$31.00	40.3%	11.6%	42.6%	59.4%	39.1%	3.9%	0.1%	-774.7K	558.9M	-7.7M	0.31	2.21	58,843	18,513	1,592,413	666,620
2022-06-30	$27.49	$31.00	41.6%	11.7%	43.5%	64.6%	38.1%	3.4%	-0.1%	-8.0M	711.9M	-7.1M	0.67	2.40	89,257	59,407	1,624,082	673,444