GDX Options History — October 2022

In October 2022, GDX traded between $22.77 and $25.76. ATM implied volatility averaged 46.1%, placing in the 82.7% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 0.6% (HV 20d: 45.5%). Max pain ranged from $23.00 to $24.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.58.

Notable Days

  • 2022-10-03: Highest Volume — 175,640 contracts
  • 2022-10-25: Largest IV drop — 5.8% change
  • 2022-10-12: Highest IV Rank — 95.2%
  • 2022-10-24: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.25$22.77$25.76$24.96$24.29
Max Pain$23.86$23.00$24.00$24.00$24.00
ATM IV46.1%42.0%49.1%46.7%42.0%
Expected Move13.3%12.5%14.0%13.6%12.6%
HV 20d45.5%40.1%48.7%45.7%40.1%
HV 60d39.1%38.1%40.6%38.1%39.8%
IV Rank82.7%65.4%95.2%85.0%65.4%
IV Percentile92.5%76.6%98.8%96.8%76.6%
Term Structure-0.7%-2.6%0.2%-0.2%-0.1%
VWIV46.8%44.0%48.9%47.9%44.1%
Skew 25d2.7%1.4%4.2%1.9%2.6%
Skew 10d5.5%-1.9%9.6%2.7%4.6%
Call IV 25d45.7%41.4%49.0%46.7%41.4%
Put IV 25d48.5%43.9%51.7%48.6%43.9%
Bid-Ask Spread %3.702.308.493.014.20
Gamma HHI0.080.060.100.060.10
Net GEX13.3M-67.0K22.9M16.5M14.1M
Net DEX256.1M-141.8M628.6M81.2M281.7M
Net VEX-7.7M-8.6M-6.7M-8.0M-7.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.241.200.390.38
Total Volume95,696.66753,569175,640175,64090,230
Total OI2,505,598.9522,367,2872,624,2752,367,2872,499,125

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-10-03$24.96$24.0046.7%13.6%45.7%85.0%47.9%1.9%-0.2%16.5M81.2M-8.0M0.393.01126,53249,1081,567,408799,879
2022-10-04$25.76$24.0044.9%13.1%46.6%77.6%46.5%1.9%-0.2%21.4M-141.8M-8.6M0.482.58101,61948,9951,605,139815,688
2022-10-05$25.37$24.0044.2%12.5%45.7%74.7%44.0%2.5%0.1%20.4M-13.0M-8.4M0.762.3040,49830,6851,615,024824,891
2022-10-06$25.67$24.0045.7%12.8%45.8%80.8%45.7%1.9%-0.1%22.9M-119.0M-8.6M0.443.0458,09925,5181,621,703821,748
2022-10-07$24.49$24.0046.3%13.4%47.6%83.6%46.1%2.9%-0.1%16.8M205.3M-8.0M0.572.8655,82531,8801,647,352828,905
2022-10-10$24.08$24.0048.3%13.6%47.6%92.0%47.5%2.1%-1.1%12.2M287.3M-7.7M0.462.8449,53322,7411,633,115815,082
2022-10-11$23.88$24.0048.9%13.8%45.3%94.7%48.2%2.6%-0.5%10.9M349.6M-7.5M0.243.2083,69220,1511,645,542819,112
2022-10-12$24.02$24.0049.1%13.8%45.3%95.2%48.4%2.4%-1.0%13.6M279.4M-7.9M0.883.0828,50925,0601,691,693827,451
2022-10-13$23.78$24.0047.7%13.5%44.3%89.5%47.8%3.2%-0.8%9.8M399.0M-7.4M0.683.8277,10952,7711,694,881838,447
2022-10-14$22.77$24.0048.4%13.8%46.7%92.5%48.6%2.9%-0.5%1.6M628.6M-6.9M0.484.0259,14128,4461,715,634853,735
2022-10-17$23.46$24.0047.7%13.7%47.8%89.5%47.8%4.2%-2.6%8.7M475.7M-7.2M0.382.9756,97821,4571,706,069841,160
2022-10-18$23.61$24.0046.4%13.3%47.3%83.7%46.9%4.1%-1.6%10.5M444.0M-7.3M0.703.1043,31630,4281,721,273844,404
2022-10-19$22.90$24.0046.6%13.4%48.5%84.8%46.6%3.5%-2.1%-67.0K623.7M-6.7M0.742.9153,20939,3331,725,750851,603
2022-10-20$23.13$23.0046.7%13.5%48.7%85.1%47.8%2.9%-2.3%2.3M537.5M-7.0M1.203.6645,62454,7831,743,489857,030
2022-10-21$24.25$23.0046.8%13.6%46.7%85.5%47.3%3.3%-1.8%11.0M237.4M-7.7M0.518.49115,11858,4231,749,579874,696
2022-10-24$23.90$23.0047.0%14.0%45.4%86.6%48.9%3.1%-0.0%10.8M325.6M-7.5M0.373.3762,55323,2801,662,040797,967
2022-10-25$24.28$24.0044.3%13.2%45.5%75.0%46.8%2.3%-0.1%15.2M242.0M-7.7M0.302.8766,33919,9931,689,464808,794
2022-10-26$25.11$24.0043.7%13.0%41.6%72.4%45.6%2.7%0.0%21.7M24.3M-8.2M0.442.6163,95028,4081,697,791814,796
2022-10-27$24.93$24.0044.0%12.7%41.7%73.5%45.1%1.4%-0.2%21.3M68.3M-8.1M1.196.0227,26132,5641,705,139820,096
2022-10-28$24.71$24.0042.9%12.7%41.3%69.0%44.2%2.7%0.2%16.8M160.7M-7.8M0.576.8238,45322,0181,710,015814,869
2022-10-31$24.29$24.0042.0%12.6%40.1%65.4%44.1%2.6%-0.1%14.1M281.7M-7.3M0.384.2065,55924,6711,697,763801,362