GDX Options History — October 2024

In October 2024, GDX traded between $38.63 and $44.05. ATM implied volatility averaged 34.7%, placing in the 62.9% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 6.2% (HV 20d: 28.6%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.64.

Notable Days

2024-10-08: Highest Volume — 259,805 contracts
2024-10-07: Largest IV spike — 7.9% change
2024-10-22: Highest IV Rank — 75.3%
2024-10-30: Largest Expected Move — 11.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.96	$38.63	$44.05	$40.39	$40.38
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	34.7%	32.9%	36.2%	34.7%	35.7%
Expected Move	10.3%	9.5%	11.3%	9.5%	11.3%
HV 20d	28.6%	25.6%	32.2%	31.2%	28.5%
HV 60d	29.2%	28.6%	30.1%	29.7%	28.9%
IV Rank	62.9%	47.4%	75.3%	62.9%	71.0%
IV Percentile	92.8%	81.7%	97.6%	96.4%	95.6%
Term Structure	-0.0%	-1.6%	2.6%	0.3%	2.6%
VWIV	36.1%	33.4%	39.7%	33.4%	39.5%
Skew 25d	0.1%	-1.8%	1.1%	-0.0%	0.5%
Skew 10d	4.9%	-1.1%	20.3%	14.6%	0.1%
Call IV 25d	34.8%	32.3%	36.5%	32.8%	35.0%
Put IV 25d	34.9%	32.5%	37.3%	32.8%	35.5%
Bid-Ask Spread %	40.03	26.87	52.90	33.36	33.98
Gamma HHI	0.10	0.07	0.32	0.09	0.07
Net GEX	75.7M	31.9M	199.8M	67.4M	45.6M
Net DEX	-2.36B	-4.21B	-1.25B	-2.10B	-1.77B
Net VEX	-14.9M	-15.6M	-14.3M	-15.1M	-15.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.64	0.15	1.22	0.67	0.45
Total Volume	123,890.739	52,954	259,805	105,432	168,058
Total OI	2,798,863.478	2,539,870	3,022,927	2,662,044	2,808,359

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
2024-10-01	$40.39	$40.00	34.7%	9.5%	31.2%	62.9%	33.4%	-0.0%	0.3%	67.4M	-2.10B	-15.1M	0.67	33.36	63,303	42,129	1,488,602	1,173,442
2024-10-02	$40.44	$40.00	33.0%	9.6%	30.9%	47.7%	33.6%	0.1%	2.2%	69.1M	-2.15B	-14.9M	0.48	38.57	57,802	27,629	1,512,278	1,194,858
2024-10-03	$39.55	$40.00	33.5%	10.0%	32.2%	52.1%	35.2%	0.3%	2.2%	44.4M	-1.64B	-15.0M	0.71	45.00	54,395	38,691	1,514,483	1,203,682
2024-10-04	$39.55	$40.00	32.9%	10.0%	30.2%	47.4%	35.0%	0.2%	1.8%	47.6M	-1.66B	-14.8M	0.95	43.44	44,005	41,860	1,538,355	1,212,683
2024-10-07	$39.00	$40.00	35.5%	10.2%	30.8%	69.7%	35.7%	0.8%	-0.2%	36.1M	-1.33B	-14.7M	0.91	47.96	77,410	70,167	1,515,556	1,204,205
2024-10-08	$38.84	$40.00	35.3%	10.0%	30.8%	67.9%	35.3%	-0.4%	-0.9%	31.9M	-1.27B	-14.6M	0.21	48.67	214,128	45,677	1,552,823	1,237,534
2024-10-09	$38.63	$40.00	34.5%	9.8%	30.9%	61.2%	34.1%	-0.6%	-0.5%	34.5M	-1.25B	-15.3M	0.29	52.90	120,467	34,892	1,676,034	1,228,572
2024-10-10	$39.83	$40.00	34.5%	9.8%	26.5%	60.9%	34.3%	0.3%	-0.5%	75.5M	-2.04B	-15.3M	0.54	45.13	49,609	26,808	1,683,800	1,227,517
2024-10-11	$40.05	$40.00	34.1%	9.6%	25.8%	57.2%	33.8%	-1.0%	-0.7%	104.7M	-2.16B	-15.3M	0.90	42.68	53,299	47,793	1,696,551	1,231,953
2024-10-14	$40.05	$40.00	33.7%	9.6%	25.8%	53.7%	33.7%	-0.2%	-0.4%	75.3M	-2.09B	-14.9M	0.89	48.52	31,539	28,137	1,678,412	1,249,528
2024-10-15	$40.52	$40.00	33.8%	9.7%	25.6%	54.8%	33.9%	-0.2%	-1.0%	96.3M	-2.37B	-14.9M	0.46	44.98	36,221	16,733	1,683,405	1,251,163
2024-10-16	$41.14	$40.00	33.8%	9.7%	26.1%	55.3%	34.0%	0.1%	0.0%	130.5M	-2.84B	-14.4M	0.31	45.75	92,328	28,246	1,684,306	1,261,978
2024-10-17	$41.47	$40.00	34.1%	9.8%	26.1%	57.2%	34.7%	0.1%	-0.9%	142.5M	-3.00B	-14.3M	0.28	47.72	123,940	34,676	1,703,270	1,274,265
2024-10-18	$43.23	$40.00	35.0%	10.1%	28.7%	65.2%	35.5%	0.8%	0.6%	199.8M	-4.21B	-14.3M	0.49	43.98	162,175	79,765	1,735,323	1,287,604
2024-10-21	$43.22	$40.00	34.9%	10.7%	28.6%	64.6%	37.4%	0.5%	0.3%	86.5M	-3.28B	-14.4M	1.16	35.11	78,081	90,833	1,472,740	1,067,130
2024-10-22	$44.05	$40.00	36.2%	10.7%	27.6%	75.3%	38.2%	0.3%	-1.4%	81.8M	-3.61B	-14.6M	1.22	33.57	71,941	88,120	1,489,924	1,143,476
2024-10-23	$43.22	$40.00	36.1%	10.8%	28.5%	74.7%	37.9%	0.5%	-1.4%	72.0M	-3.18B	-14.9M	0.58	37.49	64,896	37,840	1,510,261	1,181,967
2024-10-24	$41.97	$40.00	35.9%	10.8%	30.5%	73.3%	37.8%	-1.8%	-1.6%	59.2M	-2.55B	-15.3M	0.63	35.77	118,653	74,215	1,533,359	1,202,506
2024-10-25	$41.70	$40.00	35.5%	11.0%	28.6%	69.4%	39.1%	1.1%	-0.2%	53.3M	-2.43B	-15.5M	0.78	26.87	57,544	44,848	1,588,326	1,228,513
2024-10-28	$41.38	$40.00	35.8%	11.2%	27.7%	71.7%	39.4%	0.6%	-0.4%	58.8M	-2.29B	-15.3M	0.98	27.59	31,636	31,107	1,549,181	1,180,001
2024-10-29	$42.00	$40.00	35.3%	11.2%	27.5%	67.7%	39.3%	0.4%	-0.4%	68.1M	-2.62B	-15.2M	0.61	29.64	35,468	21,703	1,553,862	1,190,571
2024-10-30	$41.48	$40.00	35.1%	11.3%	28.0%	66.4%	39.7%	0.1%	-0.1%	59.6M	-2.33B	-15.6M	0.15	32.05	78,969	11,751	1,567,756	1,203,746
2024-10-31	$40.38	$40.00	35.7%	11.3%	28.5%	71.0%	39.5%	0.5%	2.6%	45.6M	-1.77B	-15.0M	0.45	33.98	115,922	52,136	1,601,706	1,206,653