GLD Options History — April 2015

In April 2015, GLD traded between $113.10 and $116.65. ATM implied volatility averaged 13.7%, placing in the 25.1% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 0.1% (HV 20d: 13.6%). Max pain ranged from $114.00 to $115.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.67.

Notable Days

  • 2015-04-28: Highest Volume — 251,055 contracts
  • 2015-04-13: Largest IV spike — 5.1% change
  • 2015-04-01: Highest IV Rank — 31.2%
  • 2015-04-27: Largest Expected Move — 4.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$115.13$113.10$116.65$115.57$113.61
Max Pain$114.74$114.00$115.50$115.50$115.00
ATM IV13.7%12.9%14.4%14.4%14.2%
Expected Move4.0%3.7%4.3%4.1%4.2%
HV 20d13.6%12.0%16.0%15.9%15.1%
HV 60d15.1%14.2%16.0%16.0%14.4%
IV Rank25.1%18.1%31.2%31.2%29.0%
IV Percentile37.3%23.0%48.0%46.8%44.8%
Term Structure0.1%-0.1%0.5%0.2%0.4%
VWIV14.3%13.2%15.3%14.6%15.1%
Skew 25d0.8%0.1%1.3%1.3%0.8%
Skew 10d1.7%0.2%2.6%2.4%1.8%
Call IV 25d13.8%12.8%14.4%14.3%14.3%
Put IV 25d14.6%13.7%15.5%15.5%15.1%
Bid-Ask Spread %3.813.384.743.783.70
Gamma HHI0.050.040.080.050.05
Net GEX143.1M-26.3M274.4M146.1M81.0M
Net DEX-374.5M-1.16B588.9M-587.9M418.8M
Net VEX-28.9M-31.8M-27.5M-28.2M-30.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.291.000.520.95
Total Volume132,078.1982,417251,055126,002148,363
Total OI1,788,632.0481,636,4672,019,0651,680,9882,019,065

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-04-01$115.57$115.5014.4%4.1%15.9%31.2%14.6%1.3%0.2%146.1M-587.9M-28.2M0.523.7882,81243,1901,135,071545,917
2015-04-02$115.30$114.0014.3%4.2%16.0%30.1%15.2%1.2%0.2%148.7M-553.0M-28.6M0.704.0266,13546,3621,160,979557,805
2015-04-06$116.65$114.0014.3%4.2%12.5%30.3%14.9%1.0%0.1%204.0M-1.12B-29.0M0.814.7465,46852,9191,166,850550,256
2015-04-07$116.14$114.0013.7%4.0%12.7%25.1%14.5%1.0%0.2%189.4M-802.0M-28.6M0.953.6747,66745,1271,173,917562,976
2015-04-08$115.47$114.0013.4%3.9%12.8%22.5%13.9%1.0%0.3%156.7M-435.3M-28.0M0.853.7744,55437,8631,179,669574,224
2015-04-09$114.70$114.0013.6%3.9%12.8%24.0%13.9%1.0%0.1%103.6M-18.5M-27.5M0.603.8279,42847,4721,194,162593,440
2015-04-10$115.91$114.0012.9%3.7%13.2%18.1%13.5%0.9%0.2%195.6M-704.6M-28.2M0.743.8268,27550,5081,222,570601,636
2015-04-13$115.19$115.0013.6%3.9%13.5%23.8%14.1%0.7%0.1%138.5M-236.6M-27.8M0.943.3852,33849,0111,209,013589,210
2015-04-14$114.46$115.0013.9%4.0%13.8%26.2%14.1%1.1%-0.0%77.8M124.5M-27.7M0.423.6188,92437,5271,219,828604,474
2015-04-15$115.42$115.0013.2%3.8%13.7%20.5%13.3%0.7%0.1%169.8M-433.2M-28.6M0.513.61103,10752,1961,262,282611,749
2015-04-16$115.06$115.0013.1%3.8%12.3%19.8%13.2%0.7%0.1%127.0M-234.5M-28.7M0.633.4169,46243,7471,287,753633,477
2015-04-17$115.53$115.0013.0%3.7%12.3%19.1%13.2%0.5%0.2%160.9M-537.7M-28.9M0.523.7181,76042,5871,296,111641,918
2015-04-20$114.72$115.0013.6%3.9%12.1%23.9%14.2%0.6%-0.1%124.4M-197.9M-28.1M0.653.9757,09337,3401,090,043546,424
2015-04-21$115.24$115.0013.4%3.8%12.0%22.6%13.9%0.5%-0.1%165.7M-466.0M-28.4M0.703.7851,72636,1551,106,402558,629
2015-04-22$113.84$115.0013.9%4.0%12.7%26.4%14.3%1.0%-0.0%63.0M207.7M-27.7M0.534.01108,58457,2411,113,253567,558
2015-04-23$114.60$115.0014.1%4.0%13.0%28.4%14.3%0.9%-0.1%116.0M-182.7M-29.7M0.594.0174,33943,6621,159,131592,583
2015-04-24$113.10$115.0014.4%4.1%13.5%30.7%14.7%1.0%-0.1%-26.3M588.9M-28.8M1.004.0971,23270,9731,170,824599,958
2015-04-27$115.35$115.0014.0%4.3%15.4%27.7%15.3%0.8%0.3%153.0M-616.8M-30.4M0.663.6885,61356,5071,149,791592,446
2015-04-28$116.28$115.0013.7%4.1%15.0%24.7%14.8%0.4%0.5%235.3M-1.16B-31.3M0.293.73193,88057,1751,181,682610,061
2015-04-29$115.55$115.0013.5%4.0%15.2%23.5%14.5%0.1%0.5%274.4M-911.2M-31.8M0.603.72140,86084,4601,300,502627,634
2015-04-30$113.61$115.0014.2%4.2%15.1%29.0%15.1%0.8%0.4%81.0M418.8M-30.9M0.953.7076,10172,2621,356,288662,777