GLD Options History — September 2014

In September 2014, GLD traded between $116.21 and $122.15. ATM implied volatility averaged 14.1%, placing in the 25.1% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 4.2% (HV 20d: 9.9%). Max pain ranged from $120.00 to $125.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.26.

Notable Days

  • 2014-09-12: Highest Volume — 228,919 contracts
  • 2014-09-30: Largest IV spike — 11.8% change
  • 2014-09-30: Highest IV Rank — 44.0%
  • 2014-09-30: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$118.86$116.21$122.15$121.65$116.21
Max Pain$123.52$120.00$125.00$125.00$120.00
ATM IV14.1%11.8%16.5%12.5%16.5%
Expected Move4.2%3.9%4.6%4.0%4.6%
HV 20d9.9%8.4%10.6%10.4%8.4%
HV 60d12.0%11.0%13.2%13.0%11.2%
IV Rank25.1%7.3%44.0%12.8%44.0%
IV Percentile41.4%8.3%70.6%14.7%70.6%
Term Structure-0.0%-0.3%0.3%-0.1%0.1%
VWIV15.3%14.0%16.8%14.6%16.1%
Skew 25d1.9%0.4%3.3%0.6%3.3%
Skew 10d3.9%0.9%6.5%0.9%6.2%
Call IV 25d13.8%12.0%15.5%12.6%15.5%
Put IV 25d15.6%12.4%18.8%13.2%18.8%
Bid-Ask Spread %7.916.379.837.086.37
Gamma HHI0.080.050.270.060.06
Net GEX-121.4M-383.0M4.7M4.7M-73.0M
Net DEX2.65B1.17B4.20B1.41B2.94B
Net VEX-28.3M-31.7M-25.4M-31.4M-26.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.682.101.031.35
Total Volume135,868.61968,222228,919120,754160,915
Total OI2,583,592.5712,324,6082,840,7852,476,6452,508,568

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-09-02$121.65$125.0012.5%4.0%10.4%12.8%14.6%0.6%-0.1%4.7M1.41B-31.4M1.037.0859,46061,2941,699,743776,902
2014-09-03$122.15$125.0012.0%3.9%10.5%8.9%14.4%0.4%-0.0%-1.0M1.17B-31.7M0.987.5534,39033,8321,719,352812,242
2014-09-04$121.48$125.0012.4%3.9%9.0%12.0%14.0%0.6%-0.0%-50.8M1.65B-30.6M1.318.6953,99570,7851,724,884820,407
2014-09-05$122.06$125.0011.8%3.9%9.1%7.3%14.0%0.4%0.2%-113.3M1.33B-31.0M1.608.6536,54958,5691,747,127853,211
2014-09-08$120.73$125.0012.9%4.0%9.6%15.7%14.7%0.7%-0.0%-87.5M2.14B-29.4M1.377.0865,33889,3241,709,858837,784
2014-09-09$120.87$125.0013.6%4.1%9.7%21.0%14.6%1.4%-0.1%-110.7M2.03B-30.6M1.717.0837,20663,5291,721,188876,472
2014-09-10$120.26$125.0014.1%4.2%9.7%25.0%16.8%1.3%-0.2%-165.6M2.46B-29.7M1.146.8684,43296,0281,733,289895,239
2014-09-11$119.47$125.0014.6%4.2%9.7%29.2%14.8%1.6%-0.2%-216.8M2.94B-29.4M1.249.8371,97788,9401,771,139928,620
2014-09-12$118.38$125.0015.8%4.4%9.8%38.6%15.5%2.4%-0.3%-314.1M3.59B-29.2M1.639.4786,911142,0081,801,192941,130
2014-09-15$118.64$125.0014.3%4.2%9.9%26.6%15.6%1.9%0.3%-137.1M3.19B-27.9M1.478.0834,76151,0611,786,289918,679
2014-09-16$118.83$124.0014.2%4.2%10.0%26.3%15.7%1.7%-0.0%-123.9M3.02B-28.0M0.687.5755,44937,4261,799,379937,238
2014-09-17$117.54$124.0014.6%4.2%10.5%29.2%16.3%2.4%0.0%-180.6M3.87B-26.9M1.108.7294,725104,0731,821,937949,414
2014-09-18$117.78$124.0013.2%4.1%10.6%18.0%15.0%2.1%0.2%-243.6M3.79B-26.2M1.057.8762,13565,2501,837,905974,757
2014-09-19$117.09$124.0014.4%4.3%10.3%27.6%16.6%2.9%0.1%-383.0M4.20B-25.9M2.088.2566,947139,1561,858,505982,280
2014-09-22$116.85$124.0014.1%4.3%10.1%25.0%15.4%2.4%0.0%-101.5M2.89B-25.4M0.828.0968,84356,7071,519,073805,535
2014-09-23$117.60$124.0014.4%4.2%10.6%27.5%14.8%2.5%-0.0%-53.2M2.48B-26.3M0.858.0846,48339,2951,543,844824,480
2014-09-24$117.05$120.0014.9%4.4%10.3%31.7%15.5%2.8%-0.1%-77.7M2.71B-26.3M2.107.8532,14467,6061,559,928839,637
2014-09-25$117.39$120.0015.5%4.5%10.4%35.8%16.2%2.7%-0.2%-60.2M2.47B-27.6M0.977.3386,10383,2261,573,647865,736
2014-09-26$117.06$120.0015.3%4.4%10.0%34.6%15.8%2.9%-0.1%-22.4M2.69B-27.5M1.137.8780,80491,4151,610,159894,062
2014-09-29$117.03$120.0014.8%4.4%10.0%30.6%15.6%2.6%0.1%-38.6M2.58B-26.7M0.967.7548,02746,1231,612,393862,220
2014-09-30$116.21$120.0016.5%4.6%8.4%44.0%16.1%3.3%0.1%-73.0M2.94B-26.6M1.356.3768,44092,4751,632,189876,379