GLD Options History — February 2015

In February 2015, GLD traded between $115.26 and $122.42. ATM implied volatility averaged 17.6%, placing in the 58.2% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded below realized volatility by 1.0% (HV 20d: 18.6%). Max pain ranged from $117.00 to $119.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.86.

Notable Days

  • 2015-02-06: Highest Volume — 248,715 contracts
  • 2015-02-25: Largest IV drop — 7.3% change
  • 2015-02-03: Highest IV Rank — 67.6%
  • 2015-02-02: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$117.78$115.26$122.42$122.42$116.27
Max Pain$118.55$117.00$119.00$118.50$117.00
ATM IV17.6%14.6%18.6%18.5%14.6%
Expected Move5.1%4.3%5.4%5.4%4.3%
HV 20d18.6%15.2%20.8%18.9%15.2%
HV 60d20.2%17.4%21.8%21.8%17.4%
IV Rank58.2%32.3%67.6%66.3%32.3%
IV Percentile77.6%50.4%89.3%87.3%50.4%
Term Structure-0.1%-0.5%0.5%-0.1%-0.2%
VWIV18.3%15.2%19.5%19.5%15.2%
Skew 25d0.5%-0.1%1.0%-0.1%0.2%
Skew 10d0.7%-0.6%1.6%-0.5%0.2%
Call IV 25d17.9%15.0%19.3%19.1%15.0%
Put IV 25d18.3%15.2%19.4%19.0%15.2%
Bid-Ask Spread %3.433.033.913.263.12
Gamma HHI0.050.040.090.060.04
Net GEX102.4M-44.3M267.7M241.9M76.8M
Net DEX-528.6M-2.53B764.9M-2.53B-148.2M
Net VEX-28.6M-30.7M-26.4M-29.6M-27.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.401.390.540.68
Total Volume139,198.15861,034248,71561,034177,968
Total OI1,865,665.0531,705,8772,006,6751,719,6521,873,141

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-02-02$122.42$118.5018.5%5.4%18.9%66.3%19.5%-0.1%-0.1%241.9M-2.53B-29.6M0.543.2639,58621,4481,120,651599,001
2015-02-03$121.04$119.0018.6%5.4%19.0%67.6%19.2%-0.1%-0.2%200.3M-1.88B-29.1M0.683.2999,85467,8181,138,027607,099
2015-02-04$121.67$119.0018.6%5.4%18.7%66.8%19.3%0.1%0.0%246.6M-2.29B-30.1M0.403.52105,78542,4071,185,123622,655
2015-02-05$121.61$119.0018.2%5.3%18.5%63.6%19.2%0.1%0.1%267.7M-2.33B-30.6M0.503.77105,01752,9121,231,829630,643
2015-02-06$118.61$119.0018.6%5.4%20.8%67.5%19.5%0.2%-0.0%131.7M-651.1M-29.6M0.843.83135,333113,3821,266,522641,273
2015-02-09$119.16$119.0018.6%5.4%20.6%66.6%19.3%0.4%0.1%179.2M-1.18B-30.7M0.833.3865,14254,1181,243,455633,602
2015-02-10$118.57$119.0018.0%5.2%20.3%62.1%18.7%0.4%0.1%144.6M-777.4M-30.1M0.973.3646,83745,5781,260,963643,647
2015-02-11$117.14$119.0018.2%5.3%20.8%63.7%18.8%0.9%0.2%72.5M-117.1M-29.3M0.823.8174,22260,9741,272,056649,406
2015-02-12$117.36$119.0017.6%5.2%20.8%58.8%18.6%0.7%0.5%84.6M-227.3M-29.2M1.103.6765,44372,0471,295,276654,754
2015-02-13$117.95$119.0016.9%4.9%18.9%52.0%17.5%0.5%0.4%154.4M-480.6M-30.3M0.763.3660,11245,5771,321,984684,691
2015-02-17$116.03$119.0018.0%5.2%18.9%61.9%18.4%0.6%-0.5%-10.5M465.2M-28.0M0.833.1268,27556,5351,266,819670,169
2015-02-18$116.32$119.0018.0%5.2%18.0%62.2%18.6%0.8%-0.5%-5.5M278.9M-28.2M1.363.7367,02291,1411,287,090682,172
2015-02-19$115.94$118.0017.0%4.9%17.9%53.1%17.7%0.6%-0.1%-44.3M470.8M-27.2M0.973.3847,30245,8531,295,507655,865
2015-02-20$115.28$118.0017.7%5.1%17.4%59.1%18.4%1.0%-0.3%-26.3M764.9M-26.7M1.223.9159,93973,0951,312,426657,844
2015-02-23$115.45$118.0017.8%5.2%17.4%60.3%19.2%0.7%-0.3%53.8M177.6M-27.0M0.753.4585,99164,6501,162,618543,259
2015-02-24$115.26$118.0017.4%5.0%17.3%56.5%18.1%0.8%-0.2%47.2M241.9M-26.6M1.163.1357,17966,4741,182,125562,422
2015-02-25$115.70$118.0016.1%4.6%16.6%45.5%16.5%0.6%-0.3%56.7M122.2M-26.4M1.393.0347,47766,2041,200,097577,468
2015-02-26$115.96$118.0015.3%4.5%16.7%39.1%16.0%0.4%-0.2%74.5M42.5M-26.9M0.513.08130,12565,9431,216,326599,631
2015-02-27$116.27$117.0014.6%4.3%15.2%32.3%15.2%0.2%-0.2%76.8M-148.2M-27.0M0.683.12105,69372,2751,272,319600,822