GLD Options History — October 2009

In October 2009, GLD traded between $97.89 and $104.26. ATM implied volatility averaged 19.6%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 3.8% (HV 20d: 15.8%). Max pain ranged from $97.00 to $102.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.74.

Notable Days

  • 2009-10-06: Highest Volume — 267,331 contracts
  • 2009-10-06: Largest IV spike — 18.5% change
  • 2009-10-06: Highest IV Rank — 17.1%
  • 2009-10-08: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$102.44$97.89$104.26$97.89$102.53
Max Pain$100.05$97.00$102.00$97.00$102.00
ATM IV19.6%17.8%24.3%18.9%18.6%
Expected Move5.7%5.1%6.7%5.4%5.3%
HV 20d15.8%13.2%16.9%13.9%16.9%
HV 60d14.7%13.9%15.2%13.9%15.1%
IV Rank8.9%5.7%17.1%7.0%7.8%
IV Percentile22.2%13.9%40.9%18.3%20.6%
Term Structure1.4%0.8%2.1%0.8%1.0%
VWIV20.2%18.2%24.0%19.4%19.2%
Skew 25d-1.8%-3.8%0.4%-2.9%-0.3%
Skew 10d-3.0%-6.4%0.7%-5.6%-0.4%
Call IV 25d21.4%18.1%26.1%21.4%19.6%
Put IV 25d19.7%17.9%22.4%18.5%19.3%
Bid-Ask Spread %8.754.8612.174.869.60
Gamma HHI0.100.080.130.130.08
Net GEX289.4M163.8M428.5M205.0M208.8M
Net DEX-5.96B-8.22B-3.54B-3.54B-4.90B
Net VEX-40.3M-41.8M-38.5M-38.5M-39.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.321.940.800.82
Total Volume120,688.09148,755267,33153,381147,145
Total OI3,056,357.6362,814,2863,346,9822,907,7003,131,029

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-10-01$97.89$97.0018.9%5.4%13.9%7.0%19.4%-2.9%0.8%205.0M-3.54B-38.5M0.804.8629,66523,7161,964,885942,815
2009-10-02$98.37$98.0018.5%5.3%13.2%6.1%19.1%-2.3%1.2%217.6M-3.81B-38.7M0.376.6335,55613,1991,963,597947,129
2009-10-05$99.82$98.0020.5%6.0%14.1%10.0%20.8%-3.1%0.8%277.8M-4.92B-39.1M0.8810.0245,16139,5971,977,872950,528
2009-10-06$102.28$98.0024.3%6.7%16.3%17.1%23.4%-3.8%1.0%321.9M-6.68B-40.8M0.489.93180,28687,0451,985,220973,531
2009-10-07$102.36$98.0021.6%6.3%16.2%11.9%22.4%-3.4%0.9%360.9M-6.85B-41.4M0.609.5962,64837,3172,052,0551,008,823
2009-10-08$103.64$99.0022.6%6.7%16.5%13.9%24.0%-3.3%0.8%379.8M-7.78B-41.8M0.537.68145,13677,2302,065,9091,014,567
2009-10-09$102.84$100.0020.1%6.1%16.6%9.2%21.7%-3.0%1.0%397.0M-7.17B-41.6M0.718.5186,46060,9802,126,4921,050,170
2009-10-12$103.56$100.0022.3%6.4%16.3%13.4%22.9%-2.5%1.3%390.6M-7.57B-41.6M0.488.2562,00829,6662,122,2391,085,088
2009-10-13$104.26$100.0020.0%6.3%16.1%10.0%22.2%-2.5%1.6%419.0M-8.22B-41.7M0.459.4678,91035,7482,138,7751,092,191
2009-10-14$104.18$100.0017.8%5.7%15.9%5.7%20.2%-2.2%2.1%428.5M-8.09B-41.2M0.328.59147,61247,7922,150,9721,106,980
2009-10-15$102.86$100.0019.6%5.6%16.6%9.7%20.0%-1.9%1.9%364.0M-6.84B-41.1M0.8410.0466,34455,6982,181,9011,126,235
2009-10-16$103.18$100.0019.6%5.6%16.3%9.7%20.0%-1.9%1.8%322.5M-7.22B-41.3M0.458.6986,43439,1982,193,9421,153,040
2009-10-19$104.23$100.0019.1%5.5%16.4%8.5%19.7%-1.3%2.0%268.1M-6.29B-40.4M0.969.0253,84751,7951,897,508916,778
2009-10-20$103.42$100.0018.2%5.2%16.3%6.5%18.7%-1.2%2.0%250.0M-5.74B-39.7M0.5212.1750,83126,2691,915,564947,741
2009-10-21$103.75$100.0019.6%5.6%15.8%9.8%20.0%-1.2%1.5%256.1M-5.95B-40.5M0.557.5076,79642,0951,940,636959,652
2009-10-22$103.92$101.0018.1%5.2%14.8%6.3%18.4%-1.0%1.9%257.5M-5.96B-39.6M0.469.3553,99324,7541,946,645977,261
2009-10-23$103.49$102.0018.0%5.2%14.6%6.2%18.3%-0.8%1.2%254.7M-5.73B-40.0M0.9310.3945,54942,1941,970,078987,821
2009-10-26$101.86$102.0018.6%5.3%16.1%7.6%19.0%-0.7%1.3%210.3M-4.61B-39.0M0.638.24106,97067,3531,974,5211,011,066
2009-10-27$101.85$102.0018.1%5.2%16.1%6.3%18.4%-0.2%1.4%200.2M-4.57B-40.0M1.119.2427,32330,3782,019,3991,076,544
2009-10-28$100.73$102.0019.0%5.4%16.1%8.3%19.2%-0.4%0.8%163.8M-3.77B-40.0M1.457.0441,70660,6602,023,2851,089,098
2009-10-29$102.69$102.0017.8%5.1%16.8%5.7%18.2%0.4%1.6%213.2M-5.00B-39.5M1.947.7444,94287,1321,998,0771,082,209
2009-10-30$102.53$102.0018.6%5.3%16.9%7.8%19.2%-0.3%1.0%208.8M-4.90B-39.6M0.829.6081,03566,1102,012,4081,118,621