GLD Options History — September 2009

In September 2009, GLD traded between $93.90 and $99.91. ATM implied volatility averaged 21.0%, placing in the 10.9% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 6.4% (HV 20d: 14.6%). Max pain ranged from $90.00 to $98.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.57.

Notable Days

  • 2009-09-02: Highest Volume — 331,071 contracts
  • 2009-09-02: Largest IV spike — 24.2% change
  • 2009-09-03: Highest IV Rank — 17.0%
  • 2009-09-04: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$97.89$93.90$99.91$93.90$98.85
Max Pain$95.38$90.00$98.00$90.00$97.00
ATM IV21.0%17.8%24.2%17.8%19.2%
Expected Move6.1%5.1%7.2%5.1%5.5%
HV 20d14.6%12.3%15.7%12.3%15.5%
HV 60d14.1%13.5%14.6%13.5%14.2%
IV Rank10.9%4.9%17.0%4.9%7.5%
IV Percentile23.5%14.3%32.9%14.3%19.0%
Term Structure1.6%0.8%2.6%1.3%0.8%
VWIV22.1%18.5%26.0%18.5%19.7%
Skew 25d-2.7%-3.7%-1.2%-1.2%-2.4%
Skew 10d-4.7%-6.9%-1.8%-1.8%-4.5%
Call IV 25d23.5%19.0%28.0%19.0%20.9%
Put IV 25d20.8%17.3%24.4%17.9%18.5%
Bid-Ask Spread %7.535.339.575.336.26
Gamma HHI0.110.080.170.080.13
Net GEX248.2M147.5M357.1M196.6M237.0M
Net DEX-4.81B-7.14B-2.84B-3.14B-4.17B
Net VEX-38.3M-41.7M-30.9M-30.9M-38.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.201.010.320.46
Total Volume140,520.8149,852331,07169,323119,288
Total OI2,837,280.2862,418,6653,243,6882,418,6652,872,511

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-09-01$93.90$90.0017.8%5.1%12.3%4.9%18.5%-1.2%1.3%196.6M-3.14B-30.9M0.325.3352,43016,8931,689,314729,351
2009-09-02$96.19$90.0022.2%6.4%15.1%13.1%22.6%-3.3%0.9%242.6M-4.51B-33.6M0.626.57204,030127,0411,725,917736,391
2009-09-03$97.46$91.0024.2%6.9%15.7%17.0%25.5%-3.7%2.1%249.4M-5.35B-38.0M0.207.36239,69248,1691,834,037822,858
2009-09-04$97.53$94.0023.4%7.2%15.2%15.5%26.0%-3.6%1.5%278.0M-5.58B-39.1M0.318.66101,35030,9291,932,931840,811
2009-09-08$97.43$94.0021.9%7.1%14.7%12.5%25.9%-3.5%1.5%285.5M-5.60B-38.4M0.488.41108,96552,0821,950,713853,242
2009-09-09$97.08$94.0019.1%6.5%14.8%7.2%23.3%-2.9%2.3%298.5M-5.21B-38.3M0.739.57142,113104,0831,986,157874,493
2009-09-10$97.70$95.0022.2%6.4%14.8%13.1%23.2%-3.1%1.8%303.7M-5.47B-38.4M1.018.7864,80865,5742,018,350931,698
2009-09-11$98.78$95.0023.6%6.8%15.0%15.8%24.8%-3.1%1.7%308.7M-6.12B-40.0M0.447.92111,76149,5742,035,069976,799
2009-09-14$97.96$95.0022.9%6.6%15.1%14.4%23.4%-3.2%2.0%308.5M-5.59B-39.5M0.718.7829,15820,6942,080,845992,588
2009-09-15$98.90$95.0022.6%6.5%13.7%13.8%22.9%-2.7%2.0%332.8M-6.28B-39.1M0.508.15101,77750,7452,088,5221,000,683
2009-09-16$99.91$97.0022.9%6.6%13.9%14.5%23.5%-2.6%2.1%357.1M-7.14B-41.7M0.477.59147,50168,7072,142,4901,038,462
2009-09-17$99.34$97.0020.9%6.0%14.3%10.7%21.6%-2.8%2.6%332.8M-6.64B-40.7M0.468.7578,88336,6112,162,8231,080,865
2009-09-18$98.67$97.0020.3%5.8%14.6%9.6%20.6%-2.7%2.3%257.5M-5.86B-39.5M0.826.9869,63256,8082,149,4271,092,246
2009-09-21$98.36$97.0020.5%5.9%14.1%9.9%21.3%-2.4%1.6%180.7M-3.82B-39.4M0.577.2933,62319,2811,756,548821,767
2009-09-22$99.67$97.0021.8%6.2%13.2%12.3%22.0%-2.1%1.6%207.9M-4.54B-40.1M0.697.6762,36242,9641,768,770829,737
2009-09-23$98.83$98.0021.3%6.1%13.9%11.5%21.9%-2.0%1.1%187.5M-3.99B-39.6M0.708.6545,80531,8501,800,364854,517
2009-09-24$97.55$98.0019.6%5.6%15.0%8.2%20.0%-2.1%1.4%167.2M-3.23B-38.2M0.807.1096,58676,8061,824,248871,538
2009-09-25$97.00$98.0018.9%5.4%15.3%7.0%19.9%-2.3%1.5%147.5M-2.88B-38.3M0.406.9160,53023,9941,877,999902,537
2009-09-28$97.05$97.0017.8%5.1%15.1%4.9%18.6%-2.1%1.3%158.1M-2.84B-37.1M0.705.9630,24521,2351,909,033910,237
2009-09-29$97.43$97.0017.9%5.1%14.9%5.0%18.7%-2.7%1.2%175.2M-3.09B-36.7M0.535.4269,50136,8571,906,478909,520
2009-09-30$98.85$97.0019.2%5.5%15.5%7.5%19.7%-2.4%0.8%237.0M-4.17B-38.6M0.466.2681,59237,6961,945,557926,954