GDX Options History — August 2024

In August 2024, GDX traded between $34.89 and $39.81. ATM implied volatility averaged 31.7%, placing in the 49.9% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 1.9% (HV 20d: 29.7%). Max pain ranged from $35.00 to $36.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.51.

Notable Days

2024-08-16: Highest Volume — 285,844 contracts
2024-08-30: Largest IV spike — 15.3% change
2024-08-05: Highest IV Rank — 89.3%
2024-08-05: Largest Expected Move — 10.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$37.66	$34.89	$39.81	$37.20	$38.53
Max Pain	$35.09	$35.00	$36.00	$36.00	$35.00
ATM IV	31.7%	28.9%	37.5%	33.1%	35.6%
Expected Move	9.1%	8.4%	10.4%	9.6%	8.4%
HV 20d	29.7%	28.1%	31.2%	28.6%	28.1%
HV 60d	33.3%	31.7%	34.4%	33.1%	31.7%
IV Rank	49.9%	31.1%	89.3%	59.6%	76.4%
IV Percentile	62.9%	21.0%	99.2%	88.5%	97.2%
Term Structure	0.2%	-4.9%	12.5%	0.5%	0.5%
VWIV	32.1%	29.4%	36.7%	34.1%	29.4%
Skew 25d	1.4%	-4.6%	6.8%	0.6%	0.9%
Skew 10d	2.6%	-0.6%	20.3%	-0.6%	1.8%
Call IV 25d	31.6%	27.5%	42.4%	31.8%	28.8%
Put IV 25d	33.0%	29.7%	38.7%	32.4%	29.7%
Bid-Ask Spread %	41.92	28.51	59.78	44.61	33.85
Gamma HHI	0.11	0.07	0.15	0.09	0.12
Net GEX	60.7M	4.2M	96.8M	59.2M	77.3M
Net DEX	-1.85B	-2.88B	-522.5M	-1.68B	-2.14B
Net VEX	-14.6M	-15.0M	-14.0M	-14.6M	-14.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.51	0.19	1.07	0.44	0.82
Total Volume	119,587.364	60,754	285,844	99,697	69,108
Total OI	2,815,542.045	2,599,637	2,966,565	2,721,630	2,966,565

Daily Data (22 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
2024-08-01	$37.20	$36.00	33.1%	9.6%	28.6%	59.6%	34.1%	0.6%	0.5%	59.2M	-1.68B	-14.6M	0.44	44.61	69,364	30,333	1,465,054	1,256,576
2024-08-02	$36.36	$36.00	33.4%	9.9%	28.2%	61.3%	35.5%	-0.0%	-1.8%	24.8M	-1.20B	-14.7M	0.54	38.76	101,453	54,578	1,472,243	1,272,563
2024-08-05	$35.25	$35.00	37.5%	10.4%	30.0%	89.3%	36.7%	4.1%	-4.9%	11.1M	-728.0M	-14.8M	0.71	47.24	79,206	56,248	1,457,542	1,266,168
2024-08-06	$35.75	$35.00	34.1%	9.8%	30.4%	66.3%	34.7%	5.6%	-1.0%	20.9M	-924.5M	-14.8M	0.60	59.78	48,544	29,094	1,475,211	1,262,822
2024-08-07	$34.89	$35.00	30.3%	9.9%	30.1%	40.3%	34.4%	-4.6%	-3.0%	4.2M	-522.5M	-14.3M	0.56	59.02	83,394	46,565	1,482,203	1,268,054
2024-08-08	$35.64	$35.00	33.0%	9.5%	28.8%	58.5%	33.4%	4.3%	0.2%	17.5M	-863.8M	-14.6M	0.37	54.34	66,145	24,350	1,510,834	1,280,703
2024-08-09	$35.75	$35.00	33.3%	9.5%	28.8%	60.7%	33.3%	1.8%	-0.7%	23.8M	-964.5M	-14.6M	0.51	48.15	40,208	20,546	1,533,648	1,286,576
2024-08-12	$36.86	$35.00	33.4%	9.6%	31.2%	61.8%	33.8%	3.4%	1.4%	50.4M	-1.55B	-14.4M	0.35	42.53	96,055	33,374	1,507,676	1,275,634
2024-08-13	$37.34	$35.00	32.7%	9.3%	29.6%	56.9%	32.6%	0.9%	0.2%	62.3M	-1.77B	-14.6M	0.61	47.48	70,230	42,529	1,533,720	1,289,843
2024-08-14	$37.08	$35.00	30.2%	9.1%	29.1%	40.0%	31.8%	2.5%	1.1%	58.2M	-1.62B	-14.4M	0.51	53.44	67,694	34,220	1,543,855	1,307,424
2024-08-15	$37.30	$35.00	29.8%	8.7%	28.4%	37.1%	30.4%	6.8%	0.3%	74.4M	-1.72B	-14.4M	1.07	49.00	40,789	43,836	1,578,018	1,327,027
2024-08-16	$38.41	$35.00	28.9%	8.5%	30.2%	31.1%	30.1%	-0.4%	1.0%	69.1M	-2.45B	-14.0M	0.32	49.20	216,141	69,703	1,579,838	1,349,470
2024-08-19	$39.14	$35.00	30.2%	8.7%	30.8%	40.0%	31.2%	0.3%	-0.4%	76.7M	-2.45B	-14.3M	0.69	43.59	75,923	52,634	1,417,375	1,182,262
2024-08-20	$39.47	$35.00	30.4%	8.8%	30.9%	41.2%	30.9%	-0.1%	-0.7%	82.6M	-2.64B	-14.3M	0.24	30.79	153,190	36,848	1,452,757	1,217,137
2024-08-21	$39.81	$35.00	30.1%	8.6%	30.9%	39.2%	30.7%	0.5%	0.4%	94.1M	-2.88B	-14.4M	0.73	29.19	52,739	38,571	1,527,375	1,237,407
2024-08-22	$38.86	$35.00	30.9%	8.9%	30.2%	44.5%	31.3%	0.5%	-0.7%	82.8M	-2.37B	-14.8M	0.72	29.25	88,650	63,742	1,547,876	1,263,045
2024-08-23	$39.27	$35.00	29.5%	8.5%	30.3%	35.2%	30.0%	0.6%	-0.0%	85.9M	-2.61B	-15.0M	0.26	31.24	80,234	20,713	1,594,856	1,297,649
2024-08-26	$39.20	$35.00	30.5%	8.7%	30.3%	42.1%	30.9%	0.1%	-0.4%	92.0M	-2.54B	-14.9M	0.37	29.65	55,333	20,266	1,590,553	1,281,214
2024-08-27	$39.20	$35.00	29.8%	8.7%	30.2%	37.2%	30.7%	0.4%	-0.1%	96.8M	-2.60B	-14.5M	0.19	38.34	66,028	12,334	1,625,432	1,289,940
2024-08-28	$38.41	$35.00	29.5%	8.6%	30.0%	34.9%	30.7%	0.2%	0.1%	77.2M	-2.11B	-14.9M	0.22	34.18	167,297	36,289	1,641,808	1,291,099
2024-08-29	$38.89	$35.00	30.9%	8.5%	29.2%	44.4%	30.2%	1.9%	12.5%	93.9M	-2.41B	-14.4M	0.48	28.51	51,683	24,741	1,628,845	1,306,028
2024-08-30	$38.53	$35.00	35.6%	8.4%	28.1%	76.4%	29.4%	0.9%	0.5%	77.3M	-2.14B	-14.7M	0.82	33.85	37,893	31,215	1,647,252	1,319,313