GLD Options History — April 2014

In April 2014, GLD traded between $123.39 and $127.85. ATM implied volatility averaged 14.1%, placing in the 5.7% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 1.0% (HV 20d: 13.1%). Max pain ranged from $121.00 to $125.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.76.

Notable Days

  • 2014-04-15: Highest Volume — 160,376 contracts
  • 2014-04-09: Largest IV drop — 7.6% change
  • 2014-04-01: Highest IV Rank — 12.1%
  • 2014-04-01: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$125.13$123.39$127.85$123.39$124.22
Max Pain$124.00$121.00$125.00$121.00$125.00
ATM IV14.1%13.3%15.0%15.0%14.0%
Expected Move4.7%4.6%4.9%4.9%4.6%
HV 20d13.1%11.3%14.9%13.9%11.5%
HV 60d14.4%13.1%15.0%14.7%13.1%
IV Rank5.7%0.0%12.1%12.1%3.8%
IV Percentile5.8%0.0%13.1%13.1%4.4%
Term Structure0.0%-0.4%0.4%-0.0%0.1%
VWIV17.1%16.0%18.4%18.2%18.4%
Skew 25d1.0%0.5%1.4%0.9%0.8%
Skew 10d1.8%0.1%3.2%0.1%1.6%
Call IV 25d14.1%13.4%15.1%15.1%13.9%
Put IV 25d15.1%14.0%16.0%16.0%14.7%
Bid-Ask Spread %6.015.066.725.796.32
Gamma HHI0.050.040.120.050.05
Net GEX56.5M-67.3M243.5M-54.4M7.4M
Net DEX162.6M-1.52B1.26B1.26B585.7M
Net VEX-38.5M-40.7M-36.1M-39.3M-36.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.401.430.550.59
Total Volume90,358.14352,658160,37680,219114,817
Total OI2,194,2292,023,0272,366,0322,164,6102,136,859

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-04-01$123.39$121.0015.0%4.9%13.9%12.1%18.2%0.9%-0.0%-54.4M1.26B-39.3M0.555.7951,59228,6271,285,513879,097
2014-04-02$124.32$121.0014.5%4.8%14.3%9.9%17.0%0.9%0.1%1.0M690.5M-39.3M1.116.0040,69945,3421,302,476884,949
2014-04-03$123.92$121.0014.5%4.8%13.6%9.8%17.1%1.3%-0.0%-7.2M951.6M-39.4M0.475.9041,03819,1061,320,060897,134
2014-04-04$125.57$121.0014.1%4.7%14.5%8.0%16.4%0.7%0.2%94.6M-137.9M-39.5M0.586.3876,29843,9811,336,528902,365
2014-04-07$124.91$123.0014.3%4.7%14.6%9.2%16.9%0.8%-0.0%40.5M343.9M-39.4M0.635.0634,10121,6211,314,446884,887
2014-04-08$126.09$124.0014.4%4.7%14.9%9.4%17.1%0.6%0.0%109.7M-417.9M-39.8M0.886.1650,11043,8771,330,314893,266
2014-04-09$126.32$124.0013.3%4.6%13.7%0.0%16.4%0.7%0.1%122.7M-525.7M-39.6M0.816.3970,01456,9781,343,706919,339
2014-04-10$127.01$124.0013.6%4.6%13.8%1.3%16.0%0.5%-0.1%243.5M-1.15B-40.7M0.476.6461,19528,4771,370,906939,119
2014-04-11$126.93$125.0013.7%4.6%13.5%1.8%16.3%0.6%-0.0%200.6M-1.02B-40.5M1.436.6132,97747,1291,379,270944,643
2014-04-14$127.85$125.0013.8%4.7%13.5%2.2%16.4%0.6%0.3%165.3M-1.52B-40.6M0.686.7247,24032,2411,343,441933,232
2014-04-15$125.49$125.0014.6%4.8%14.6%7.4%17.9%1.4%0.2%35.3M145.3M-38.8M0.695.6294,86565,5111,352,281933,628
2014-04-16$125.54$125.0013.8%4.7%13.1%3.1%17.4%0.9%0.4%53.6M49.5M-39.2M0.505.7060,84030,6181,381,904958,068
2014-04-17$124.75$125.0014.2%4.7%13.2%5.3%16.6%1.4%0.4%-67.3M721.1M-38.2M1.126.3442,82447,7561,400,507965,525
2014-04-21$124.24$125.0014.7%4.7%13.1%8.0%16.6%1.2%-0.2%-8.4M686.7M-37.2M0.775.4736,21227,9531,210,386812,641
2014-04-22$123.78$125.0014.5%4.7%11.6%7.2%17.5%1.3%-0.3%-30.4M961.0M-36.5M1.046.3442,88744,7851,222,891824,455
2014-04-23$123.76$125.0014.1%4.7%11.6%4.6%17.6%1.2%-0.2%-31.7M957.5M-36.1M0.716.0730,77821,8801,237,692835,519
2014-04-24$124.56$125.0014.3%4.6%11.5%5.7%17.1%1.2%-0.2%20.5M479.6M-37.1M0.775.6670,28654,4161,251,730843,280
2014-04-25$125.43$125.0014.3%4.7%11.6%6.2%17.8%1.2%-0.4%209.5M-119.8M-38.0M0.406.0368,59027,1941,271,176856,552
2014-04-28$124.88$125.0013.8%4.6%11.7%3.2%17.7%1.1%0.1%41.8M208.6M-36.8M0.825.3140,56433,1321,241,202833,208
2014-04-29$124.86$125.0013.7%4.6%11.3%2.3%17.0%1.0%0.1%39.6M265.7M-36.3M0.865.7737,17731,7931,256,111848,503
2014-04-30$124.22$125.0014.0%4.6%11.5%3.8%18.4%0.8%0.1%7.4M585.7M-36.3M0.596.3271,98642,8311,274,149862,710