GLD Options History — April 2011

In April 2011, GLD traded between $139.20 and $152.37. ATM implied volatility averaged 14.3%, placing in the 12.1% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 3.0% (HV 20d: 11.2%). Max pain ranged from $137.00 to $140.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.69.

Notable Days

  • 2011-04-29: Highest Volume — 513,699 contracts
  • 2011-04-29: Largest IV spike — 23.3% change
  • 2011-04-29: Highest IV Rank — 37.5%
  • 2011-04-29: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$144.72$139.20$152.37$139.20$152.37
Max Pain$138.80$137.00$140.00$137.00$140.00
ATM IV14.3%12.0%17.9%13.6%17.9%
Expected Move4.1%3.9%4.9%3.9%4.9%
HV 20d11.2%9.8%12.8%11.5%12.0%
HV 60d12.7%11.0%13.5%13.1%11.8%
IV Rank12.1%0.0%37.5%0.5%37.5%
IV Percentile11.2%0.0%59.1%0.4%59.1%
Term Structure0.7%0.1%1.7%0.7%1.4%
VWIV14.8%13.9%17.3%13.9%17.3%
Skew 25d-0.2%-1.0%0.6%0.5%-0.8%
Skew 10d-0.0%-2.8%2.3%2.2%-2.0%
Call IV 25d14.9%13.6%17.9%13.6%17.9%
Put IV 25d14.8%13.9%17.1%14.1%17.1%
Bid-Ask Spread %2.531.943.721.943.72
Gamma HHI0.070.050.170.050.06
Net GEX721.4M355.4M1.05B355.4M730.0M
Net DEX-12.27B-18.76B-6.56B-6.56B-18.76B
Net VEX-69.4M-74.9M-64.9M-66.9M-74.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.341.340.980.48
Total Volume258,659.8595,202513,699232,535513,699
Total OI3,670,451.13,253,8394,048,4293,425,6413,904,782

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2011-04-01$139.20$137.0013.6%3.9%11.5%0.5%13.9%0.5%0.7%355.4M-6.56B-66.9M0.981.94117,221115,3141,887,3571,538,284
2011-04-04$139.84$138.0014.8%4.0%11.6%9.4%14.3%0.6%0.8%481.3M-7.60B-65.0M0.642.5857,94037,2621,907,4031,546,334
2011-04-05$142.05$138.0016.1%4.2%12.8%17.8%15.0%0.0%0.3%622.3M-10.19B-64.9M0.452.27312,349141,9941,926,7071,561,013
2011-04-06$142.38$138.0013.3%4.2%12.8%0.0%14.7%-0.0%0.5%775.6M-11.19B-68.1M0.442.19155,60068,2412,085,7801,615,490
2011-04-07$142.51$138.0012.9%4.1%11.8%0.0%14.4%0.3%0.7%784.8M-11.36B-68.0M0.622.42101,53263,2402,120,7381,637,027
2011-04-08$143.66$138.0012.0%4.1%12.0%0.0%14.5%0.1%0.7%845.0M-13.15B-67.5M0.462.31161,28274,1412,157,9041,654,896
2011-04-11$142.64$138.0013.8%4.1%12.4%10.9%14.6%0.2%0.6%779.5M-11.65B-68.9M0.552.29124,16967,8772,155,6651,660,581
2011-04-12$141.61$138.0013.3%4.1%10.4%8.0%14.6%0.4%0.6%699.7M-10.27B-68.1M0.992.45114,086113,2382,177,5211,680,746
2011-04-13$141.90$138.0012.5%3.9%10.4%3.0%14.1%0.4%0.8%712.4M-10.49B-69.4M1.342.6192,598124,0472,198,9251,697,365
2011-04-14$143.81$138.0013.5%3.9%11.1%9.1%14.0%0.1%0.6%874.1M-13.14B-69.0M1.042.90123,127128,6362,214,4321,761,020
2011-04-15$145.05$139.0013.9%4.0%11.0%11.6%14.2%-0.1%0.8%1.05B-14.75B-68.6M0.472.81173,02280,6462,227,8321,820,597
2011-04-18$145.93$139.0014.5%4.2%11.0%15.5%14.8%-0.8%0.7%617.8M-11.82B-68.0M0.922.96117,416108,0731,860,9751,392,864
2011-04-19$145.93$139.0014.1%4.0%11.0%12.8%14.7%-0.5%0.7%642.7M-11.92B-68.2M0.972.3696,01893,4101,903,7261,440,844
2011-04-20$146.50$140.0014.4%4.1%10.7%14.8%14.6%-0.6%0.6%660.0M-12.50B-68.9M0.342.25247,68584,6071,938,6901,497,750
2011-04-21$146.74$140.0013.8%4.0%10.0%11.1%14.1%-0.6%0.8%732.7M-13.41B-72.2M0.462.35116,13253,8052,041,3981,535,745
2011-04-25$146.87$140.0016.0%4.6%10.0%25.3%16.3%-0.9%0.1%684.2M-12.95B-74.3M0.633.63130,57582,0112,023,4581,529,626
2011-04-26$146.38$140.0015.0%4.3%9.8%18.8%15.4%-0.4%0.7%705.2M-12.23B-72.8M0.812.11109,69088,4572,057,1011,564,444
2011-04-27$149.20$140.0015.2%4.4%11.2%20.2%15.5%-1.0%1.0%761.5M-15.28B-71.5M0.622.45226,592140,6892,086,6621,597,310
2011-04-28$149.82$140.0014.6%4.2%11.2%16.0%14.9%-0.5%1.7%916.4M-16.20B-72.5M0.572.10265,939150,8372,160,5411,639,489
2011-04-29$152.37$140.0017.9%4.9%12.0%37.5%17.3%-0.8%1.4%730.0M-18.76B-74.9M0.483.72346,148167,5512,205,3861,699,396