GLD Options History — November 2014

In November 2014, GLD traded between $109.72 and $115.42. ATM implied volatility averaged 19.8%, placing in the 85.4% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 0.0% (HV 20d: 19.8%). Max pain ranged from $113.00 to $119.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.90.

Notable Days

  • 2014-11-14: Highest Volume — 254,019 contracts
  • 2014-11-28: Largest IV spike — 18.8% change
  • 2014-11-05: Highest IV Rank — 100.0%
  • 2014-11-28: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$113.04$109.72$115.42$112.10$112.11
Max Pain$115.11$113.00$119.00$119.00$114.00
ATM IV19.8%18.0%22.4%18.8%22.4%
Expected Move5.2%4.8%5.5%5.0%5.5%
HV 20d19.8%12.3%24.2%12.4%24.2%
HV 60d14.2%10.8%16.2%10.8%16.2%
IV Rank85.4%69.5%100.0%82.9%100.0%
IV Percentile96.0%88.9%100.0%95.6%100.0%
Term Structure-0.3%-0.6%-0.1%-0.3%-0.6%
VWIV19.3%17.4%20.8%19.2%20.1%
Skew 25d2.3%1.2%4.0%2.8%2.5%
Skew 10d4.3%1.8%7.0%4.8%5.0%
Call IV 25d19.3%17.4%22.3%18.2%22.3%
Put IV 25d21.6%19.6%24.9%21.0%24.9%
Bid-Ask Spread %9.778.4411.7310.4911.73
Gamma HHI0.040.030.070.050.05
Net GEX-7.4M-155.3M139.2M-106.7M-79.7M
Net DEX2.93B1.49B5.02B3.96B3.18B
Net VEX-25.5M-28.3M-22.7M-24.7M-23.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.481.391.281.31
Total Volume150,191.15866,960254,019176,243130,399
Total OI2,642,933.5262,454,0492,805,7632,486,8002,588,980

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-11-03$112.10$119.0018.8%5.0%12.4%82.9%19.2%2.8%-0.3%-106.7M3.96B-24.7M1.2810.4977,30298,9411,547,895938,905
2014-11-04$112.16$119.0018.0%4.8%12.3%75.1%19.1%2.5%-0.2%-116.5M4.07B-23.4M0.929.7679,08472,6161,571,990959,327
2014-11-05$109.72$119.0021.2%5.3%13.4%100.0%20.2%3.5%-0.3%-155.3M5.02B-22.7M0.808.93103,13582,7661,595,858980,163
2014-11-06$109.90$119.0020.8%5.3%13.5%96.1%20.4%4.0%-0.5%-141.4M4.84B-23.9M0.829.1293,66876,3691,644,503996,033
2014-11-07$113.09$118.0019.2%5.1%17.6%80.8%19.8%3.2%-0.3%17.0M3.02B-26.7M0.828.84132,992108,4961,669,9781,008,730
2014-11-10$110.35$118.0020.1%5.2%18.8%89.0%19.7%3.1%-0.2%-83.5M4.32B-23.7M0.929.5283,69577,1951,657,807959,345
2014-11-11$112.09$118.0019.3%5.0%20.0%81.1%17.7%3.0%-0.2%-46.7M3.60B-24.6M0.778.9180,31361,4911,652,424957,024
2014-11-12$111.43$113.0019.1%5.1%19.9%79.8%19.0%2.9%-0.3%-67.0M3.90B-24.4M1.0010.0954,61754,5961,698,436996,402
2014-11-13$111.65$113.0018.6%5.0%19.9%75.0%18.7%3.0%-0.5%-65.7M3.79B-24.4M0.739.5367,65349,7281,708,8611,008,282
2014-11-14$114.47$113.0020.8%5.4%22.3%96.2%19.1%1.4%-0.2%80.5M1.78B-27.9M0.579.76161,88292,1371,723,9891,019,065
2014-11-17$114.08$113.0020.7%5.3%22.0%94.8%19.4%1.4%-0.5%65.5M2.08B-28.3M0.7110.2770,92250,6101,728,3771,005,368
2014-11-18$115.06$113.0021.4%5.4%22.3%100.0%19.6%1.2%-0.6%105.5M1.49B-28.2M0.7910.7373,10557,5451,736,3931,013,248
2014-11-19$113.68$113.0021.4%5.4%22.5%99.9%19.5%2.1%-0.5%16.6M2.51B-27.2M1.3011.7174,14896,6901,739,3011,032,221
2014-11-20$114.88$113.0019.2%5.1%22.9%78.9%18.7%1.6%-0.3%94.1M1.88B-26.8M0.969.7970,40867,7281,739,2201,049,158
2014-11-21$115.42$113.0018.9%5.0%23.0%76.0%18.0%1.5%-0.3%139.2M1.50B-26.6M0.8310.6581,47767,6761,744,4521,061,311
2014-11-24$115.11$113.0018.4%5.0%23.0%71.8%20.8%1.5%-0.3%54.5M1.64B-25.5M1.398.9028,06238,8981,562,509891,540
2014-11-25$115.36$113.0018.2%4.9%23.1%69.5%19.9%1.6%-0.1%68.6M1.58B-25.4M0.628.5091,73856,8101,576,980908,627
2014-11-26$115.16$113.0018.9%5.0%22.5%76.0%17.4%1.2%-0.3%79.5M1.56B-25.9M0.488.4460,07728,6631,615,474927,561
2014-11-28$112.11$114.0022.4%5.5%24.2%100.0%20.1%2.5%-0.6%-79.7M3.18B-23.9M1.3111.7356,49873,9011,650,645938,335