GLD Options History — May 2015

In May 2015, GLD traded between $112.85 and $117.52. ATM implied volatility averaged 13.9%, placing in the 26.3% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 1.1% (HV 20d: 15.0%). Max pain ranged from $115.00 to $118.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.71.

Notable Days

  • 2015-05-28: Highest Volume — 384,503 contracts
  • 2015-05-08: Largest IV drop — 13.0% change
  • 2015-05-07: Highest IV Rank — 40.4%
  • 2015-05-07: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$114.96$112.85$117.52$112.85$114.12
Max Pain$117.00$115.00$118.00$115.00$117.00
ATM IV13.9%12.3%15.5%14.5%12.4%
Expected Move4.1%3.7%4.6%4.3%3.7%
HV 20d15.0%12.1%16.4%15.3%12.1%
HV 60d14.0%13.6%14.6%14.4%14.3%
IV Rank26.3%13.1%40.4%32.0%13.4%
IV Percentile37.3%13.9%58.7%50.8%14.7%
Term Structure0.1%-0.3%0.6%0.4%-0.1%
VWIV14.7%13.0%16.8%15.3%13.0%
Skew 25d0.7%0.1%1.3%1.3%0.6%
Skew 10d1.5%0.4%2.5%2.5%1.1%
Call IV 25d14.0%12.4%15.5%14.3%12.6%
Put IV 25d14.7%13.2%16.5%15.6%13.2%
Bid-Ask Spread %3.632.894.753.643.75
Gamma HHI0.080.050.300.060.07
Net GEX210.6M10.1M846.3M10.1M146.0M
Net DEX-248.5M-2.40B876.5M876.5M578.4M
Net VEX-31.8M-34.6M-28.9M-30.5M-30.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.281.210.720.82
Total Volume150,606.6549,853384,503160,388140,579
Total OI2,126,953.71,985,6632,332,4992,046,1232,332,499

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-05-01$112.85$115.0014.5%4.3%15.3%32.0%15.3%1.3%0.4%10.1M876.5M-30.5M0.723.6493,43166,9571,363,557682,566
2015-05-04$114.10$117.0015.0%4.5%15.2%36.2%16.8%0.9%0.1%136.2M-21.3M-31.8M1.044.1233,91035,3481,343,123663,877
2015-05-05$114.46$117.0014.7%4.4%15.2%33.6%16.3%0.9%0.1%174.1M-215.8M-32.0M0.803.8767,36053,9851,353,380674,872
2015-05-06$114.32$117.0015.1%4.5%15.1%36.9%16.7%0.9%0.1%147.1M-77.5M-31.9M0.723.2977,16855,4051,361,619684,449
2015-05-07$113.50$117.0015.5%4.6%15.1%40.4%16.2%1.0%-0.0%79.4M420.1M-31.8M0.794.7570,56255,6591,392,334703,177
2015-05-08$113.97$117.0013.5%4.1%14.7%23.1%14.4%1.0%0.2%111.8M243.7M-31.1M0.463.9376,95835,7341,404,006712,411
2015-05-11$113.53$116.0014.0%4.1%14.6%27.6%14.9%1.0%0.4%79.2M423.8M-30.6M0.624.0930,86218,9911,378,807683,508
2015-05-12$114.44$116.0013.6%4.0%14.7%23.9%14.5%0.8%0.5%144.1M-140.6M-31.0M0.672.8955,83037,5121,393,550690,471
2015-05-13$116.54$116.0013.8%4.1%15.8%25.8%14.6%0.3%0.5%385.9M-1.71B-32.8M0.493.33211,085102,8351,401,077694,520
2015-05-14$117.14$117.0014.2%4.2%15.9%29.5%15.1%0.2%0.6%486.2M-2.25B-34.6M0.573.13137,16477,6141,473,628736,354
2015-05-15$117.47$117.0013.7%4.0%15.8%25.1%14.4%0.1%0.5%846.3M-2.40B-34.4M0.703.5392,38364,7511,483,306754,463
2015-05-18$117.52$117.0014.2%4.1%15.6%29.4%15.3%0.3%-0.1%334.0M-1.68B-33.9M0.573.7265,35837,0941,326,616659,047
2015-05-19$115.89$118.0014.4%4.1%16.4%30.6%14.7%0.6%-0.2%218.5M-482.5M-32.6M0.363.52137,21149,4871,370,738681,770
2015-05-20$116.06$118.0013.8%4.0%15.7%26.0%14.1%0.6%-0.1%258.3M-650.3M-33.1M0.383.59132,18150,7021,465,671703,594
2015-05-21$115.74$118.0013.2%3.8%15.6%20.8%13.7%0.6%-0.3%218.7M-289.8M-32.1M1.213.2342,08350,9811,467,952711,193
2015-05-22$115.63$118.0012.8%3.7%14.8%17.5%13.1%0.8%-0.1%192.2M-104.6M-32.8M0.873.3661,24653,4261,487,252734,778
2015-05-26$113.95$118.0013.5%4.0%14.1%23.3%14.3%1.2%-0.1%86.9M845.4M-30.3M1.153.8268,94678,9861,459,675704,841
2015-05-27$113.90$117.0012.3%3.7%13.7%13.1%13.1%0.8%-0.1%69.5M874.0M-28.9M1.033.3553,02054,8261,471,776718,504
2015-05-28$113.98$117.0012.8%3.8%13.6%17.2%13.9%0.7%-0.0%88.4M784.1M-29.2M0.283.66299,97784,5261,487,202726,911
2015-05-29$114.12$117.0012.4%3.7%12.1%13.4%13.0%0.6%-0.1%146.0M578.4M-30.1M0.823.7577,30063,2791,564,773767,726