GLD Options History — March 2015

In March 2015, GLD traded between $110.21 and $115.65. ATM implied volatility averaged 15.8%, placing in the 43.1% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 2.7% (HV 20d: 13.1%). Max pain ranged from $115.50 to $120.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.80.

Notable Days

  • 2015-03-20: Highest Volume — 215,004 contracts
  • 2015-03-18: Largest IV drop — 9.1% change
  • 2015-03-17: Highest IV Rank — 66.3%
  • 2015-03-17: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$113.16$110.21$115.65$115.65$113.58
Max Pain$117.25$115.50$120.00$117.00$115.50
ATM IV15.8%13.9%18.5%15.0%14.6%
Expected Move4.5%3.9%5.3%4.5%4.2%
HV 20d13.1%10.7%14.9%12.7%14.6%
HV 60d16.8%15.9%17.8%17.3%15.9%
IV Rank43.1%26.8%66.3%36.2%32.5%
IV Percentile60.0%38.1%85.7%54.8%50.4%
Term Structure0.1%-0.4%0.5%0.1%0.1%
VWIV16.1%13.9%18.8%15.9%14.9%
Skew 25d1.4%0.4%2.2%0.5%1.7%
Skew 10d2.8%0.6%5.1%0.6%3.7%
Call IV 25d15.6%13.6%17.9%15.1%14.2%
Put IV 25d17.0%14.9%20.1%15.6%15.9%
Bid-Ask Spread %3.593.164.253.163.74
Gamma HHI0.050.040.080.040.05
Net GEX20.7M-98.7M148.7M57.6M63.5M
Net DEX772.5M-584.3M1.97B150.9M355.9M
Net VEX-26.3M-28.5M-24.5M-26.2M-26.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.232.080.670.82
Total Volume107,300.63640,237215,004146,93589,322
Total OI1,900,034.1361,681,7532,154,5801,812,6861,727,874

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-03-02$115.65$117.0015.0%4.5%12.7%36.2%15.9%0.5%0.1%57.6M150.9M-26.2M0.673.1688,11158,8241,233,788578,898
2015-03-03$115.37$117.0015.5%4.6%12.7%40.6%16.4%0.4%-0.3%53.3M233.3M-26.3M0.763.1778,67259,9211,259,201587,522
2015-03-04$115.14$117.0015.3%4.6%12.3%39.0%16.3%0.8%-0.1%34.3M353.8M-26.3M0.793.2773,11157,8961,272,089596,543
2015-03-05$115.05$120.0015.5%4.4%12.0%40.6%15.7%0.8%-0.0%23.0M423.9M-26.2M0.853.4178,75866,7421,281,545609,044
2015-03-06$111.87$120.0016.9%4.8%14.9%52.3%16.9%1.4%-0.4%-69.9M1.75B-24.5M1.123.7397,146108,4421,298,484623,275
2015-03-09$111.97$120.0016.0%4.6%12.8%44.9%16.1%1.5%0.0%-62.9M1.55B-24.7M2.083.4222,32946,4991,290,907624,918
2015-03-10$111.42$120.0017.1%4.9%12.5%54.2%17.4%1.8%0.1%-81.6M1.74B-24.7M1.173.5242,09649,0421,298,634640,885
2015-03-11$110.75$119.0018.1%5.1%12.5%62.4%18.4%1.9%-0.1%-95.8M1.97B-25.1M0.603.66102,71762,0881,311,728659,180
2015-03-12$110.72$118.0017.0%4.9%12.1%53.2%17.2%2.0%-0.0%-96.6M1.96B-25.3M0.883.3542,57337,3931,389,345677,566
2015-03-13$110.88$117.0016.8%4.8%12.1%51.3%17.1%2.1%0.1%-98.7M1.89B-25.4M1.293.4031,82740,9241,396,947684,719
2015-03-16$110.81$117.0017.0%4.9%11.8%53.7%17.4%1.9%0.1%-68.4M1.78B-25.0M0.603.4029,48617,5821,376,440666,830
2015-03-17$110.21$117.0018.5%5.3%10.7%66.3%18.8%2.2%-0.1%-60.3M1.92B-25.0M0.563.4256,41231,7181,394,491670,766
2015-03-18$112.37$117.0016.8%4.8%13.2%51.8%17.0%1.6%-0.1%28.4M1.03B-26.3M0.584.1798,04857,2811,421,733680,237
2015-03-19$112.29$116.0015.5%4.4%13.2%40.1%15.7%1.6%0.1%70.1M1.03B-25.9M0.443.2452,49222,9441,452,581698,240
2015-03-20$113.57$116.0015.2%4.3%13.8%37.6%15.7%1.3%0.4%122.9M353.3M-26.9M0.233.80174,45340,5511,451,540703,040
2015-03-23$114.29$116.0015.3%4.3%14.0%38.8%15.7%1.2%0.3%100.9M-187.7M-28.1M0.614.1246,31128,1291,149,273532,480
2015-03-24$114.57$116.0015.0%4.2%14.1%36.1%15.2%1.1%0.3%104.6M-265.8M-28.2M0.893.5921,27218,9651,138,965543,699
2015-03-25$114.73$116.0014.4%4.0%14.0%30.7%14.7%1.1%0.5%112.3M-330.9M-28.4M0.543.8338,87721,0931,142,854553,696
2015-03-26$115.46$116.0014.1%4.0%14.2%28.2%14.1%1.0%0.3%148.7M-584.3M-28.5M0.623.8179,29949,4091,152,618563,101
2015-03-27$115.06$116.0013.9%3.9%14.2%26.8%13.9%1.3%0.3%114.7M-402.3M-28.3M0.704.2536,93325,8431,174,142575,200
2015-03-30$113.79$116.0014.5%4.1%14.6%31.9%14.5%1.7%0.2%56.4M272.3M-26.6M0.873.5942,23036,8531,153,742561,991
2015-03-31$113.58$115.5014.6%4.2%14.6%32.5%14.9%1.7%0.1%63.5M355.9M-26.5M0.823.7448,97940,3431,160,300567,574