GLD Options History — July 2010

In July 2010, GLD traded between $113.51 and $118.49. ATM implied volatility averaged 18.0%, placing in the 24.0% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded below realized volatility by 2.5% (HV 20d: 20.5%). Max pain ranged from $118.00 to $121.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.03.

Notable Days

  • 2010-07-01: Highest Volume — 373,937 contracts
  • 2010-07-06: Largest IV spike — 30.6% change
  • 2010-07-06: Highest IV Rank — 64.7%
  • 2010-07-01: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$116.57$113.51$118.49$117.04$115.49
Max Pain$119.19$118.00$121.00$120.00$118.00
ATM IV18.0%15.6%23.6%21.8%16.2%
Expected Move5.2%4.6%6.3%6.3%4.6%
HV 20d20.5%15.2%21.7%21.6%15.2%
HV 60d18.6%18.2%18.9%18.2%18.8%
IV Rank24.0%7.0%64.7%51.6%11.0%
IV Percentile31.3%4.8%91.3%75.4%10.7%
Term Structure1.1%0.5%2.1%0.7%1.4%
VWIV18.6%16.4%22.2%22.2%16.4%
Skew 25d1.5%0.6%2.2%1.8%1.0%
Skew 10d3.3%1.8%6.5%3.9%2.1%
Call IV 25d17.9%15.9%21.6%21.6%15.9%
Put IV 25d19.4%16.9%23.4%23.4%16.9%
Bid-Ask Spread %4.052.496.453.382.80
Gamma HHI0.050.040.090.040.04
Net GEX50.2M-71.0M144.6M71.4M58.3M
Net DEX-3.67B-5.07B-1.50B-3.87B-3.21B
Net VEX-64.8M-72.4M-61.3M-71.6M-61.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.541.881.280.71
Total Volume169,003.52478,280373,937373,937142,606
Total OI4,210,506.4763,690,2614,641,3434,281,4174,100,101

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2010-07-01$117.04$120.0021.8%6.3%21.6%51.6%22.2%1.8%0.7%71.4M-3.87B-71.6M1.283.38163,722210,2152,538,0071,743,410
2010-07-02$118.49$120.0018.1%5.4%21.7%24.9%19.5%1.8%2.1%144.6M-5.07B-72.4M0.812.57103,27683,7432,575,4431,792,345
2010-07-06$116.51$121.0023.6%6.0%21.2%64.7%21.3%1.3%1.1%-21.7M-3.05B-68.8M1.126.4596,134107,3212,571,7541,814,887
2010-07-07$117.73$121.0017.9%5.6%21.6%23.4%19.8%0.7%1.4%47.8M-4.14B-68.6M0.624.7381,50450,2392,588,3601,834,659
2010-07-08$117.21$120.0016.8%5.2%21.7%15.4%18.7%1.0%1.2%-15.2M-3.66B-65.2M1.585.2766,509104,8692,614,1161,838,679
2010-07-09$118.36$120.0017.3%5.1%21.5%19.1%18.5%0.7%1.3%124.2M-5.01B-66.6M0.855.1175,72364,0952,621,7091,857,821
2010-07-12$117.34$120.0018.6%5.2%21.5%28.0%18.7%1.0%0.8%-10.4M-3.82B-63.0M0.864.6671,72261,7432,638,2321,853,831
2010-07-13$118.36$120.0018.0%5.1%21.7%24.0%18.7%0.6%1.0%120.8M-5.04B-64.3M0.544.56124,51267,5032,651,3561,885,501
2010-07-14$118.30$120.0015.6%5.0%21.2%7.0%17.9%0.8%1.3%95.8M-5.02B-66.8M0.804.1877,44762,2472,699,8781,914,361
2010-07-15$118.23$120.0016.4%4.7%21.2%12.2%16.6%0.9%1.4%36.3M-4.75B-65.5M0.753.9169,31652,0212,721,7181,919,625
2010-07-16$116.67$120.0018.4%5.3%20.9%27.2%19.3%1.3%0.9%-71.0M-3.30B-63.6M1.364.1198,809134,5812,719,0171,915,689
2010-07-19$115.73$119.0018.1%5.2%20.7%24.9%18.4%2.2%0.5%78.8M-3.44B-62.5M1.283.76100,779128,5712,251,2571,439,004
2010-07-20$116.65$118.0017.6%5.0%20.0%21.2%18.0%2.2%0.6%105.7M-4.04B-64.0M0.963.4183,59980,6162,290,9811,505,622
2010-07-21$115.85$118.0017.9%5.1%19.7%23.3%18.4%2.2%0.5%87.0M-3.46B-62.4M0.813.3166,47254,0052,306,2761,502,967
2010-07-22$116.86$118.0016.8%4.8%20.1%15.3%17.4%2.0%1.1%129.6M-4.28B-64.0M1.022.4969,09670,1812,320,9361,521,777
2010-07-23$116.09$118.0017.7%5.1%20.1%21.8%18.6%2.1%0.8%83.8M-3.61B-62.6M1.885.6945,37785,4202,350,7391,543,238
2010-07-26$115.52$118.0017.4%5.0%19.4%20.1%18.1%1.9%0.8%67.6M-3.10B-61.3M0.983.0848,63647,8422,344,6171,555,566
2010-07-27$113.51$118.0018.6%5.3%19.7%28.3%19.2%1.8%0.5%-32.8M-1.50B-61.4M1.023.52137,545140,9192,360,5401,580,462
2010-07-28$113.78$118.0018.1%5.2%19.7%24.6%18.5%1.9%1.2%-28.0M-1.60B-62.2M1.194.7864,70477,1752,403,4231,641,384
2010-07-29$114.29$118.0016.7%4.8%19.8%14.9%17.2%1.7%1.5%-17.8M-2.03B-61.7M1.103.2337,21841,0622,421,7381,669,610
2010-07-30$115.49$118.0016.2%4.6%15.2%11.0%16.4%1.0%1.4%58.3M-3.21B-61.5M0.712.8083,15059,4562,427,3331,672,768