GLD Options History — March 2014

In March 2014, GLD traded between $123.61 and $133.10. ATM implied volatility averaged 15.4%, placing in the 18.7% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 0.7% (HV 20d: 14.7%). Max pain ranged from $120.00 to $127.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.80.

Notable Days

  • 2014-03-12: Highest Volume — 229,783 contracts
  • 2014-03-24: Largest IV spike — 7.9% change
  • 2014-03-14: Highest IV Rank — 25.4%
  • 2014-03-14: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$128.60$123.61$133.10$130.29$123.61
Max Pain$122.86$120.00$127.00$124.00$123.00
ATM IV15.4%14.3%16.9%15.2%15.7%
Expected Move5.1%4.9%5.4%5.1%4.9%
HV 20d14.7%12.1%16.5%12.1%14.4%
HV 60d15.3%14.7%16.3%16.3%14.8%
IV Rank18.7%14.6%25.4%18.0%17.5%
IV Percentile18.4%9.5%26.6%19.0%18.3%
Term Structure0.0%-0.8%0.4%0.4%-0.0%
VWIV18.7%17.6%20.4%18.1%19.1%
Skew 25d0.7%-0.2%1.2%0.9%1.1%
Skew 10d1.4%-0.3%2.8%1.7%-0.3%
Call IV 25d15.5%14.4%17.7%15.2%15.8%
Put IV 25d16.2%15.0%17.8%16.1%16.9%
Bid-Ask Spread %5.684.417.115.075.41
Gamma HHI0.060.040.080.080.05
Net GEX218.9M-27.0M456.5M319.2M-26.7M
Net DEX-2.43B-6.32B1.16B-3.92B1.16B
Net VEX-44.6M-48.8M-39.5M-45.6M-39.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.411.320.491.10
Total Volume126,279.47668,095229,783160,685154,499
Total OI2,397,351.0952,069,4412,650,8102,316,7722,129,875

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-03-03$130.29$124.0015.2%5.1%12.1%18.0%18.1%0.9%0.4%319.2M-3.92B-45.6M0.495.07108,12752,5581,428,013888,759
2014-03-04$128.68$127.0015.0%5.2%13.2%17.3%18.1%1.1%0.0%288.2M-2.82B-45.5M0.504.4965,96433,1761,461,692904,786
2014-03-05$128.89$126.0015.0%5.2%13.0%17.5%18.1%1.2%-0.1%294.2M-2.96B-45.3M0.944.5435,36233,1651,462,700914,349
2014-03-06$130.17$126.0014.9%5.2%13.2%16.8%18.0%0.9%-0.0%348.5M-3.84B-45.9M0.794.8258,23846,0351,473,998931,113
2014-03-07$129.09$126.0014.4%5.1%13.8%15.0%20.4%0.9%0.0%305.4M-3.04B-45.3M1.205.3146,57055,6691,489,063949,142
2014-03-10$129.13$126.0014.5%5.1%13.8%15.3%17.9%0.9%-0.3%298.8M-2.99B-44.4M1.324.4129,32438,7711,473,248943,985
2014-03-11$129.86$126.0014.6%5.1%13.8%15.8%19.1%0.8%-0.3%335.4M-3.58B-44.6M0.886.3854,70248,1431,480,717959,991
2014-03-12$131.76$126.0015.3%5.2%14.0%18.5%19.3%0.2%-0.5%395.5M-5.04B-45.8M0.414.71162,84466,9391,494,198978,915
2014-03-13$132.21$121.0015.9%5.2%14.0%21.0%18.3%-0.2%-0.4%433.3M-5.57B-47.3M0.696.4479,38355,1051,554,7951,005,995
2014-03-14$133.10$121.0016.9%5.4%13.9%25.4%19.0%0.0%-0.8%456.5M-6.32B-48.8M0.707.11117,86582,8071,580,5101,026,430
2014-03-17$131.64$121.0016.3%5.3%14.2%22.7%19.0%0.0%0.1%348.0M-4.78B-47.8M0.645.6981,87452,0231,569,1311,027,087
2014-03-18$130.62$120.0015.8%5.3%14.6%20.7%18.8%-0.2%0.2%281.3M-3.89B-47.3M0.805.0160,85548,6071,560,6021,044,056
2014-03-19$128.09$120.0016.0%5.2%16.0%21.3%19.2%0.3%0.2%181.8M-1.72B-45.2M1.116.3592,330102,2211,566,7741,051,291
2014-03-20$127.86$120.0014.8%5.2%15.6%16.6%19.0%0.4%0.3%157.9M-1.40B-44.4M0.675.4984,74757,1561,565,0081,072,987
2014-03-21$128.47$120.0014.3%5.0%15.7%14.6%18.2%0.3%0.3%120.5M-2.02B-43.9M0.716.7956,98440,6031,575,1811,075,629
2014-03-24$126.18$121.0015.5%5.0%16.4%19.3%18.5%1.0%0.1%17.3M-15.0M-42.3M0.605.9773,85644,3811,239,980829,461
2014-03-25$126.41$121.0015.2%5.0%16.4%18.0%19.1%1.0%0.3%49.1M-220.5M-43.0M0.706.2851,99936,4801,270,852844,711
2014-03-26$125.41$121.0015.6%5.0%16.4%19.7%17.6%1.2%0.2%29.1M333.2M-42.3M0.766.9858,96945,0581,294,595852,967
2014-03-27$124.59$121.0015.8%5.0%16.5%20.7%19.3%1.1%0.2%-27.0M869.9M-41.0M0.846.0760,12150,7211,310,773858,911
2014-03-28$124.56$123.0015.8%5.0%16.5%20.1%18.8%1.0%0.3%-8.8M808.3M-41.3M0.855.9969,11158,5271,332,874869,229
2014-03-31$123.61$123.0015.7%4.9%14.4%17.5%19.1%1.1%-0.0%-26.7M1.16B-39.5M1.105.4173,58180,9181,290,416839,459