GLD Options History — July 2009

In July 2009, GLD traded between $89.27 and $93.71. ATM implied volatility averaged 17.2%, placing in the 2.3% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 3.1% (HV 20d: 14.2%). Max pain ranged from $90.00 to $92.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.73.

Notable Days

  • 2009-07-08: Highest Volume — 124,230 contracts
  • 2009-07-09: Largest IV drop — 18.5% change
  • 2009-07-08: Highest IV Rank — 9.6%
  • 2009-07-08: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$91.78$89.27$93.71$92.39$93.35
Max Pain$91.32$90.00$92.00$90.00$92.00
ATM IV17.2%15.5%21.1%16.6%16.9%
Expected Move5.0%4.5%6.1%4.8%4.8%
HV 20d14.2%13.1%17.4%17.4%14.7%
HV 60d16.6%15.8%17.4%17.4%16.0%
IV Rank2.3%0.0%9.6%0.0%2.6%
IV Percentile1.8%0.0%7.1%0.0%4.0%
Term Structure2.2%1.0%3.2%3.2%1.6%
VWIV18.0%16.1%22.2%16.7%17.4%
Skew 25d-0.4%-1.8%0.5%-0.5%-0.4%
Skew 10d-0.5%-3.1%1.0%-1.4%-0.4%
Call IV 25d18.3%16.1%22.7%17.1%17.8%
Put IV 25d17.9%15.6%21.7%16.6%17.4%
Bid-Ask Spread %7.134.899.655.115.50
Gamma HHI0.060.050.120.060.07
Net GEX124.3M69.1M182.5M141.1M158.3M
Net DEX-2.03B-2.84B-988.3M-2.33B-2.76B
Net VEX-29.8M-32.2M-28.0M-29.5M-31.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.182.360.830.60
Total Volume64,816.63623,945124,23068,877115,017
Total OI2,257,464.1822,070,3992,357,4692,157,9782,357,469

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-07-01$92.39$90.0016.6%4.8%17.4%0.0%16.7%-0.5%3.2%141.1M-2.33B-29.5M0.835.1137,56731,3101,485,680672,298
2009-07-02$91.25$90.0016.1%4.6%16.1%0.0%17.2%-1.1%3.1%115.0M-1.84B-29.2M0.274.8924,8926,7321,497,139685,567
2009-07-06$90.76$91.0017.8%5.6%13.4%3.2%20.0%-1.8%1.7%107.0M-1.61B-28.1M0.389.4041,79415,9191,505,699685,774
2009-07-07$90.71$91.0018.1%5.6%13.4%3.8%19.5%-1.3%1.1%107.3M-1.58B-28.3M0.418.7732,70013,3321,521,831694,204
2009-07-08$89.27$92.0021.1%6.1%14.3%9.6%22.2%-1.1%1.0%69.1M-988.3M-28.3M1.358.5652,88671,3441,530,081695,230
2009-07-09$89.51$92.0017.2%5.6%14.4%2.1%19.8%-0.3%1.4%73.1M-1.06B-28.2M0.899.6549,03143,8231,547,141717,388
2009-07-10$89.58$91.0016.9%5.5%14.4%1.5%19.7%-0.1%1.3%71.5M-1.07B-28.5M1.248.4013,08116,2681,570,335731,322
2009-07-13$90.19$91.0018.9%5.3%13.7%5.2%19.4%-0.4%2.0%97.8M-1.36B-28.0M0.569.6120,30811,2881,561,596736,215
2009-07-14$90.81$91.0017.3%5.3%13.4%2.3%19.1%-0.2%1.6%127.4M-1.71B-28.4M2.367.9316,83439,8111,568,503738,740
2009-07-15$92.24$91.0019.7%5.5%14.2%6.7%19.6%-0.2%2.2%165.5M-2.47B-29.0M0.466.7361,38628,4381,572,980757,703
2009-07-16$91.98$91.0018.2%5.2%14.1%3.9%18.4%-0.5%2.3%148.8M-2.23B-29.0M0.637.7432,22920,2591,571,527776,544
2009-07-17$91.93$91.0017.2%4.9%13.8%2.1%17.8%0.1%3.2%182.5M-2.22B-29.4M0.726.4740,48629,0701,574,672773,905
2009-07-20$93.28$91.0017.6%5.0%14.7%2.8%17.8%0.4%2.9%116.6M-2.47B-30.1M0.448.5449,59421,6031,399,337671,062
2009-07-21$93.13$91.0016.6%4.8%13.5%0.8%16.9%0.2%3.0%123.5M-2.41B-30.4M0.185.2488,17415,8801,429,611687,349
2009-07-22$93.44$91.0015.8%4.5%13.5%0.0%16.1%0.5%3.1%137.8M-2.68B-31.7M0.808.0250,02440,1321,487,382693,504
2009-07-23$93.26$92.0016.7%4.8%13.4%1.7%17.0%-0.2%2.5%129.7M-2.62B-31.4M0.306.9169,00720,4001,502,012718,246
2009-07-24$93.41$92.0015.9%4.6%13.1%0.1%16.4%-0.0%2.8%152.6M-2.77B-32.2M0.627.6914,8249,1211,548,674732,065
2009-07-27$93.71$92.0016.0%4.6%13.1%0.2%16.3%-0.3%2.5%159.3M-2.84B-31.6M0.366.1731,58511,3091,548,071736,492
2009-07-28$92.11$92.0016.2%4.7%14.5%0.8%16.9%-0.5%2.4%125.6M-2.11B-31.0M0.605.1229,56517,5981,564,251738,905
2009-07-29$91.20$92.0016.3%4.7%14.6%0.9%16.7%-0.4%1.8%109.0M-1.70B-30.4M1.135.0828,77532,5421,581,048747,739
2009-07-30$91.62$92.0015.5%4.5%13.9%0.0%16.1%-0.7%2.1%116.4M-1.88B-30.6M0.885.3615,94514,0831,585,955762,966
2009-07-31$93.35$92.0016.9%4.8%14.7%2.6%17.4%-0.4%1.6%158.3M-2.76B-31.9M0.605.5071,83743,1801,592,012765,457