GDX Options History — August 2022

In August 2022, GDX traded between $23.89 and $27.18. ATM implied volatility averaged 39.0%, placing in the 53.2% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 6.1% (HV 20d: 32.9%). Max pain ranged from $26.00 to $29.00. Net GEX was positive for 17 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.46.

Notable Days

2022-08-19: Highest Volume — 136,094 contracts
2022-08-04: Largest IV drop — 4.5% change
2022-08-03: Highest IV Rank — 63.9%
2022-08-03: Largest Expected Move — 12.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.89	$23.89	$27.18	$26.18	$23.89
Max Pain	$28.52	$26.00	$29.00	$26.00	$28.00
ATM IV	39.0%	36.7%	41.6%	41.0%	40.5%
Expected Move	11.3%	10.5%	12.1%	12.1%	11.5%
HV 20d	32.9%	28.9%	35.7%	35.6%	33.2%
HV 60d	37.4%	36.0%	39.5%	39.5%	36.4%
IV Rank	53.2%	43.6%	63.9%	61.6%	59.3%
IV Percentile	73.2%	60.7%	86.5%	84.9%	80.2%
Term Structure	-0.0%	-1.7%	1.4%	-0.6%	-0.7%
VWIV	40.0%	37.0%	43.6%	42.4%	40.2%
Skew 25d	2.0%	0.9%	3.2%	3.2%	2.8%
Skew 10d	3.5%	1.5%	6.1%	6.1%	4.7%
Call IV 25d	39.0%	36.6%	41.6%	40.2%	39.6%
Put IV 25d	41.0%	38.3%	43.8%	43.5%	42.3%
Bid-Ask Spread %	10.23	1.62	28.36	2.80	13.68
Gamma HHI	0.10	0.08	0.16	0.09	0.10
Net GEX	5.2M	-10.8M	17.9M	4.9M	-10.8M
Net DEX	518.9M	174.0M	980.7M	419.4M	980.7M
Net VEX	-7.6M	-8.5M	-6.4M	-7.8M	-6.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.46	0.08	1.04	0.27	0.31
Total Volume	88,344.217	51,262	136,094	64,524	84,444
Total OI	2,840,471.652	2,667,104	2,986,231	2,667,104	2,964,408

Daily Data (23 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
2022-08-01	$26.18	$26.00	41.0%	12.1%	35.6%	61.6%	42.4%	3.2%	-0.6%	4.9M	419.4M	-7.8M	0.27	2.80	50,839	13,685	1,882,256	784,848
2022-08-02	$25.96	$26.00	40.6%	11.8%	32.0%	59.7%	42.2%	2.6%	-1.0%	5.4M	449.7M	-7.9M	0.27	6.64	71,103	18,876	1,893,326	788,883
2022-08-03	$25.46	$26.00	41.6%	12.1%	32.4%	63.9%	43.6%	2.2%	-1.7%	2.7M	562.3M	-7.5M	0.36	2.69	62,975	22,629	1,918,156	795,049
2022-08-04	$26.42	$29.00	39.7%	11.4%	34.5%	56.0%	41.3%	0.9%	1.4%	13.1M	302.3M	-8.3M	0.48	4.53	82,795	39,956	1,948,186	805,196
2022-08-05	$26.17	$29.00	39.4%	11.1%	34.6%	54.6%	39.9%	2.1%	-0.2%	8.9M	400.7M	-8.1M	0.31	22.95	73,890	23,137	1,965,081	823,456
2022-08-08	$26.97	$29.00	38.4%	11.0%	35.7%	50.5%	39.2%	1.6%	0.2%	16.3M	174.0M	-8.5M	0.30	22.85	95,971	28,482	1,970,676	821,198
2022-08-09	$26.86	$29.00	38.3%	11.0%	35.2%	50.1%	39.0%	1.4%	0.2%	14.3M	255.5M	-8.3M	0.69	28.36	37,968	26,184	1,955,805	828,472
2022-08-10	$27.05	$29.00	37.0%	10.7%	34.4%	44.6%	37.8%	1.9%	0.2%	17.0M	220.2M	-8.2M	0.50	15.37	56,287	28,370	1,964,224	839,491
2022-08-11	$26.61	$29.00	38.0%	10.9%	31.7%	48.9%	38.5%	1.6%	0.2%	11.3M	362.4M	-8.0M	0.33	14.93	38,498	12,764	1,963,906	840,372
2022-08-12	$27.18	$29.00	36.7%	10.6%	32.0%	43.6%	37.8%	1.7%	0.5%	17.9M	196.9M	-8.3M	0.37	14.82	61,082	22,468	1,977,915	847,974
2022-08-15	$26.68	$29.00	36.9%	10.6%	32.7%	44.1%	38.5%	3.2%	0.2%	11.5M	396.8M	-7.7M	1.00	15.11	36,840	36,691	1,967,165	840,209
2022-08-16	$26.72	$29.00	37.8%	10.8%	32.6%	48.0%	38.2%	2.1%	0.3%	12.1M	368.6M	-7.8M	0.08	14.95	106,878	8,346	1,984,614	864,288
2022-08-17	$25.78	$29.00	37.6%	10.8%	33.7%	47.4%	37.9%	2.4%	-0.1%	715.8K	639.9M	-7.2M	0.48	11.02	77,722	37,351	2,062,297	865,007
2022-08-18	$25.84	$29.00	36.8%	10.5%	33.3%	43.7%	37.0%	1.9%	0.9%	488.1K	627.8M	-7.4M	0.30	15.12	41,934	12,760	2,087,909	870,374
2022-08-19	$25.28	$29.00	38.3%	11.0%	34.0%	50.1%	39.5%	1.5%	-0.4%	-2.2M	760.7M	-7.1M	1.04	4.56	66,797	69,297	2,108,451	877,780
2022-08-22	$25.20	$29.00	40.0%	11.6%	30.7%	57.3%	41.4%	1.3%	-0.1%	-2.7M	700.5M	-7.2M	0.35	2.09	75,102	26,258	1,960,791	833,064
2022-08-23	$25.70	$29.00	39.9%	11.5%	30.0%	56.8%	41.2%	2.5%	-0.5%	5.4M	549.2M	-7.7M	0.56	12.82	45,439	25,571	2,006,615	845,236
2022-08-24	$25.88	$29.00	39.2%	11.3%	29.4%	54.0%	40.4%	1.4%	0.1%	7.3M	510.0M	-7.8M	0.38	2.04	47,409	17,959	2,023,011	856,612
2022-08-25	$26.05	$29.00	38.1%	11.1%	28.9%	49.5%	39.2%	1.4%	-0.0%	8.6M	481.6M	-7.9M	0.65	1.70	36,418	23,563	2,045,454	866,965
2022-08-26	$24.88	$29.00	39.8%	11.6%	32.9%	56.4%	40.7%	1.6%	0.3%	-8.5M	802.3M	-7.1M	0.82	1.62	65,353	53,910	2,059,732	877,545
2022-08-29	$24.60	$29.00	41.3%	11.9%	33.1%	62.8%	42.0%	2.0%	-0.4%	-6.1M	835.7M	-6.9M	0.37	1.72	70,363	26,013	2,017,625	886,494
2022-08-30	$24.07	$28.00	40.9%	11.9%	33.7%	61.0%	41.8%	2.1%	0.4%	-8.7M	937.1M	-6.6M	0.38	2.86	52,013	19,527	2,048,764	895,968
2022-08-31	$23.89	$28.00	40.5%	11.5%	33.2%	59.3%	40.2%	2.8%	-0.7%	-10.8M	980.7M	-6.4M	0.31	13.68	64,432	20,012	2,065,314	899,094