GLD Options History — August 2009

In August 2009, GLD traded between $91.61 and $94.78. ATM implied volatility averaged 16.7%, placing in the 2.6% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 2.8% (HV 20d: 13.9%). Max pain ranged from $89.00 to $93.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.76.

Notable Days

  • 2009-08-24: Highest Volume — 142,647 contracts
  • 2009-08-13: Largest IV spike — 19.5% change
  • 2009-08-04: Highest IV Rank — 7.4%
  • 2009-08-04: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$93.22$91.61$94.78$93.87$93.40
Max Pain$90.19$89.00$93.00$93.00$90.00
ATM IV16.7%15.2%19.4%17.2%16.4%
Expected Move4.9%4.4%5.6%4.9%4.7%
HV 20d13.9%12.6%15.7%14.5%12.6%
HV 60d15.6%13.5%16.2%16.1%13.5%
IV Rank2.6%0.0%7.4%3.2%2.2%
IV Percentile4.7%0.0%10.7%4.8%6.7%
Term Structure2.2%1.7%3.4%1.8%2.1%
VWIV17.8%15.7%20.2%18.0%17.2%
Skew 25d-0.9%-1.9%0.1%-0.7%-0.4%
Skew 10d-1.8%-3.6%-0.4%-1.1%-0.4%
Call IV 25d18.3%16.2%20.7%18.3%17.5%
Put IV 25d17.3%15.3%19.4%17.6%17.1%
Bid-Ask Spread %8.204.2513.225.695.35
Gamma HHI0.070.060.090.070.08
Net GEX160.0M106.4M202.9M164.0M177.1M
Net DEX-2.65B-3.54B-1.75B-2.93B-2.81B
Net VEX-30.9M-33.4M-28.7M-32.0M-30.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.251.620.380.37
Total Volume56,985.66723,465142,64755,31841,392
Total OI2,457,761.7622,248,5782,598,1662,377,4002,392,176

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-08-03$93.87$93.0017.2%4.9%14.5%3.2%18.0%-0.7%1.8%164.0M-2.93B-32.0M0.385.6939,96115,3571,593,967783,433
2009-08-04$94.68$93.0019.4%5.6%14.7%7.4%19.9%-1.3%1.7%178.8M-3.48B-33.4M0.3910.5851,11419,8001,619,393784,698
2009-08-05$94.78$93.0017.7%5.1%13.1%4.1%18.1%-0.9%2.1%193.3M-3.54B-33.2M0.5610.6531,96717,8301,637,289794,813
2009-08-06$94.60$93.0017.2%4.9%13.2%3.2%17.5%-0.5%1.9%194.1M-3.44B-32.8M1.094.9729,07631,7891,646,599803,815
2009-08-07$93.75$89.0016.4%5.5%13.8%1.6%20.2%-1.9%2.2%172.2M-2.95B-32.7M0.9813.2223,06722,5341,658,222818,562
2009-08-10$92.93$89.0016.1%5.3%14.3%1.1%19.4%-1.6%2.0%150.0M-2.44B-31.1M0.2510.8028,4127,2251,662,499819,108
2009-08-11$92.79$89.0015.5%5.2%14.1%0.0%18.1%-1.4%2.1%150.3M-2.37B-30.7M1.6210.0115,96125,8801,666,047820,434
2009-08-12$92.95$89.0015.2%5.2%13.1%0.0%18.7%-1.1%2.2%159.4M-2.46B-30.9M0.3010.8496,17229,2731,673,717832,375
2009-08-13$93.72$89.0018.2%5.2%13.3%5.6%18.6%-1.2%2.4%202.9M-3.03B-32.1M1.3110.4920,69727,1601,744,413829,527
2009-08-14$93.00$89.0017.5%5.0%13.6%4.3%18.1%-1.1%2.1%175.4M-2.60B-31.2M0.459.8216,2307,2351,738,078835,963
2009-08-17$91.61$89.0017.9%5.1%13.7%5.0%18.9%-1.1%2.3%106.4M-1.75B-30.1M1.358.9329,25939,4861,739,738836,166
2009-08-18$92.06$89.0016.8%4.8%13.8%2.9%17.3%-0.8%2.1%129.0M-1.95B-29.6M1.299.1016,28020,9811,739,915838,600
2009-08-19$92.53$90.0017.1%4.9%13.9%3.5%17.6%-0.8%2.0%144.3M-2.23B-29.9M0.818.4925,50420,6641,740,653837,717
2009-08-20$92.27$90.0016.1%4.6%13.9%1.6%16.7%-1.1%2.3%116.1M-2.08B-29.2M1.376.3012,12116,6281,751,139847,027
2009-08-21$93.65$90.0016.4%4.7%14.9%2.2%16.7%-0.6%2.1%188.1M-2.91B-29.5M0.878.1729,92725,8941,743,808835,520
2009-08-24$92.34$90.0016.6%4.8%15.7%2.6%17.1%-0.9%2.0%126.2M-2.12B-28.7M0.887.5575,76466,8831,541,574707,004
2009-08-25$92.76$90.0016.3%4.7%14.5%2.1%16.9%0.1%2.4%143.9M-2.42B-29.9M0.267.2959,00215,3511,595,007703,700
2009-08-26$92.79$90.0015.9%4.5%14.0%1.2%16.7%-0.8%2.9%147.0M-2.48B-30.2M0.344.8325,1358,5651,610,980709,728
2009-08-27$93.19$90.0015.8%4.5%14.0%1.0%16.3%-0.2%2.7%161.4M-2.65B-30.3M0.724.2516,62211,9531,625,184709,788
2009-08-28$93.87$90.0015.3%4.4%12.6%0.2%15.7%-0.9%3.4%181.0M-3.00B-30.5M0.274.7965,10217,4461,632,782711,839
2009-08-31$93.40$90.0016.4%4.7%12.6%2.2%17.2%-0.4%2.1%177.1M-2.81B-30.2M0.375.3530,24011,1521,669,971722,205