GDX Options History — April 2024

In April 2024, GDX traded between $32.00 and $34.66. ATM implied volatility averaged 34.4%, placing in the 73.3% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 3.9% (HV 20d: 30.6%). Max pain ranged from $28.50 to $32.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.64.

Notable Days

  • 2024-04-12: Highest Volume — 433,499 contracts
  • 2024-04-22: Largest IV drop — 12.1% change
  • 2024-04-12: Highest IV Rank — 100.0%
  • 2024-04-15: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.50$32.00$34.66$32.00$33.17
Max Pain$30.93$28.50$32.00$28.50$32.00
ATM IV34.4%30.6%39.1%32.8%33.3%
Expected Move10.0%9.3%11.1%9.5%10.4%
HV 20d30.6%26.9%35.4%31.1%35.4%
HV 60d32.8%31.6%33.7%32.7%33.4%
IV Rank73.3%49.5%100.0%66.6%60.9%
IV Percentile91.2%63.1%100.0%81.3%89.3%
Term Structure-0.6%-1.8%0.9%-0.1%0.9%
VWIV35.5%33.3%39.8%33.6%37.0%
Skew 25d-2.0%-2.8%-0.9%-2.4%-1.6%
Skew 10d-3.3%-5.0%-2.0%-3.8%-2.7%
Call IV 25d36.4%33.7%41.5%35.4%34.4%
Put IV 25d34.4%31.9%39.0%33.0%32.9%
Bid-Ask Spread %35.279.0554.2626.459.05
Gamma HHI0.120.080.290.080.10
Net GEX67.2M26.8M125.1M61.6M34.7M
Net DEX-2.01B-2.72B-1.05B-1.63B-1.35B
Net VEX-14.7M-15.6M-13.0M-13.0M-15.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.331.480.571.04
Total Volume180,136.27346,436433,499180,013146,741
Total OI2,880,261.2272,434,2903,132,9682,434,2902,955,067

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$32.00$28.5032.8%9.5%31.1%66.6%33.6%-2.4%-0.1%61.6M-1.63B-13.0M0.5726.45114,33565,6781,452,628981,662
2024-04-02$32.45$29.5034.0%9.7%28.2%76.1%34.5%-2.0%-0.3%61.9M-1.83B-13.2M0.3335.42256,94184,2771,477,3611,023,126
2024-04-03$33.20$30.0034.6%9.8%28.7%80.6%34.8%-2.7%-0.6%77.8M-2.27B-14.0M0.5432.53142,32876,7241,607,6871,071,387
2024-04-04$32.80$31.0033.1%9.9%29.2%69.2%34.8%-1.5%-1.4%70.5M-1.99B-14.4M0.3436.72159,42953,9181,617,2181,120,440
2024-04-05$33.86$31.0030.6%9.7%30.5%49.5%34.5%-1.5%-1.8%91.8M-2.64B-14.5M0.4234.32222,94392,6611,718,6071,152,989
2024-04-08$33.70$31.0034.2%9.8%30.8%77.3%34.6%-2.1%0.0%76.7M-2.36B-14.5M0.3934.61107,85842,3541,647,0711,143,516
2024-04-09$34.14$31.0034.4%9.8%30.7%79.3%35.1%-2.1%-0.4%78.7M-2.56B-14.6M0.5027.8590,07744,9801,663,0201,174,329
2024-04-10$33.59$31.0034.6%10.0%30.1%80.8%35.2%-2.0%0.1%73.3M-2.25B-14.4M0.9331.6483,11377,5781,672,5831,206,357
2024-04-11$34.45$31.0034.5%9.9%30.2%85.6%35.4%-2.3%-0.0%84.0M-2.72B-14.4M0.6332.1288,47655,4971,687,7461,239,385
2024-04-12$33.67$31.0038.0%11.0%31.0%100.0%39.0%-0.9%0.6%75.0M-2.28B-14.8M0.5827.61273,504159,9951,727,4771,255,986
2024-04-15$33.50$31.0039.1%11.1%31.3%100.0%39.8%-2.8%-1.8%59.4M-2.02B-14.9M0.7535.27139,846105,0251,674,8271,271,998
2024-04-16$33.03$31.0037.0%10.6%31.9%86.0%37.5%-2.4%-0.6%57.5M-1.71B-15.1M0.4633.91141,12164,8911,699,0041,332,033
2024-04-17$33.50$31.0035.9%10.3%29.8%78.4%36.7%-2.7%-0.4%69.6M-2.02B-15.5M0.6950.4269,47448,0751,744,5581,360,846
2024-04-18$33.67$31.0035.4%10.2%27.1%75.4%35.9%-2.2%-0.7%73.2M-2.12B-15.6M0.4854.2664,77231,2401,759,5641,369,172
2024-04-19$34.03$31.0036.9%10.0%26.9%85.4%35.7%-2.0%-1.2%125.1M-2.33B-15.4M0.9947.9577,85976,7631,750,7991,382,169
2024-04-22$32.55$31.0032.5%9.3%31.5%55.2%33.7%-2.0%-0.9%26.8M-1.05B-14.9M0.7344.0189,86665,3821,561,9061,267,869
2024-04-23$32.97$31.0033.4%9.7%31.6%61.4%34.8%-2.0%-0.9%34.7M-1.28B-15.2M0.6839.9952,69636,0331,588,4021,296,265
2024-04-24$33.11$31.0033.3%9.7%31.5%61.0%34.0%-2.5%-0.7%37.4M-1.37B-15.2M0.5140.2530,78415,6521,599,9171,313,843
2024-04-25$34.41$31.5034.6%10.1%32.1%69.4%36.0%-2.0%-1.1%66.1M-2.11B-15.2M0.4639.21121,78756,4241,613,3951,322,579
2024-04-26$34.56$32.0032.5%9.4%31.5%55.7%33.3%-1.6%-1.0%80.8M-2.21B-15.0M1.4838.7461,32490,6351,630,1991,325,658
2024-04-29$34.66$32.0033.0%10.0%31.3%58.9%35.5%-1.8%-1.5%61.6M-2.13B-14.9M0.5323.6954,74229,2001,582,8311,322,271
2024-04-30$33.17$32.0033.3%10.4%35.4%60.9%37.0%-1.6%0.9%34.7M-1.35B-15.1M1.049.0571,93674,8051,606,9401,348,127