GLD Options History — August 2015

In August 2015, GLD traded between $103.90 and $111.10. ATM implied volatility averaged 15.4%, placing in the 37.5% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 2.8% (HV 20d: 12.6%). Max pain ranged from $110.00 to $111.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.66.

Notable Days

  • 2015-08-20: Highest Volume — 332,932 contracts
  • 2015-08-24: Largest IV spike — 13.0% change
  • 2015-08-24: Highest IV Rank — 66.6%
  • 2015-08-24: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$107.23$103.90$111.10$104.10$108.89
Max Pain$110.10$110.00$111.00$110.00$110.00
ATM IV15.4%13.4%18.7%15.6%16.8%
Expected Move4.5%4.0%5.4%4.5%5.0%
HV 20d12.6%10.4%14.8%12.6%12.9%
HV 60d11.3%10.4%12.1%11.3%12.1%
IV Rank37.5%19.7%66.6%39.5%50.0%
IV Percentile49.6%20.2%89.3%56.7%63.5%
Term Structure0.1%-0.4%0.8%-0.2%0.2%
VWIV16.4%14.3%20.3%16.0%18.2%
Skew 25d1.5%0.2%3.1%2.9%0.6%
Skew 10d3.0%0.1%6.1%5.5%1.3%
Call IV 25d15.2%12.8%19.1%14.7%17.3%
Put IV 25d16.8%14.4%19.3%17.6%17.9%
Bid-Ask Spread %2.481.594.292.852.54
Gamma HHI0.060.040.290.050.04
Net GEX128.4M-127.9M759.6M-120.3M240.3M
Net DEX1.05B-2.32B3.21B3.12B-126.8M
Net VEX-27.6M-35.1M-22.2M-22.2M-32.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.241.231.230.24
Total Volume190,365.33365,994332,93265,994310,249
Total OI2,510,110.3812,255,7922,788,7672,255,7922,627,999

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-08-03$104.10$110.0015.6%4.5%12.6%39.5%16.0%2.9%-0.2%-120.3M3.12B-22.2M1.232.8529,55236,4421,446,054809,738
2015-08-04$104.26$110.0015.2%4.4%12.4%35.8%15.6%2.8%-0.2%-126.3M3.09B-22.5M0.901.8166,60559,7831,454,343822,604
2015-08-05$103.90$110.0015.6%4.5%12.3%39.3%16.1%3.1%-0.3%-127.1M3.21B-22.6M0.751.9593,78870,3381,486,421833,325
2015-08-06$104.43$111.0015.2%4.5%12.5%35.5%15.4%2.9%-0.2%-122.1M2.96B-23.1M0.842.0671,30060,0371,495,962852,168
2015-08-07$104.71$111.0014.7%4.3%12.6%30.9%15.1%2.7%-0.1%-127.9M2.87B-23.2M0.792.2889,28470,0881,515,851864,982
2015-08-10$105.72$110.0014.3%4.2%13.4%28.1%15.5%2.4%0.5%-55.6M2.33B-23.5M1.041.8571,76774,9711,495,693840,514
2015-08-11$106.26$110.0014.2%4.3%13.6%26.5%15.4%2.1%0.8%-14.4M2.01B-24.4M0.723.5044,42032,0791,511,750863,551
2015-08-12$107.69$110.0014.5%4.3%14.6%29.5%15.1%1.7%0.4%103.7M1.03B-26.1M0.492.18164,18780,9391,529,897876,513
2015-08-13$106.85$110.0013.5%4.0%14.8%20.2%14.9%1.8%0.7%47.6M1.61B-25.1M0.561.82154,40885,7981,592,098883,816
2015-08-14$106.90$110.0013.4%4.0%14.4%19.7%14.8%1.6%0.8%57.4M1.56B-25.3M1.031.6978,77681,3701,697,030908,899
2015-08-17$107.13$110.0013.6%4.0%10.4%21.8%14.3%1.4%0.2%81.7M1.42B-25.7M0.861.5958,66950,5491,657,423893,476
2015-08-18$107.09$110.0014.2%4.1%10.4%26.7%14.9%1.8%0.0%85.6M1.44B-25.7M0.761.8187,28966,3601,676,825898,919
2015-08-19$108.55$110.0014.2%4.1%11.0%26.5%14.8%1.2%0.1%246.2M288.8M-28.0M0.293.23126,64337,1941,708,208917,338
2015-08-20$110.27$110.0015.0%4.3%11.7%33.6%15.8%0.6%-0.1%534.2M-1.50B-31.0M0.512.06220,260112,6721,772,247926,989
2015-08-21$111.10$110.0016.5%4.8%11.4%47.4%17.2%0.5%-0.3%759.6M-2.32B-33.9M0.502.53173,20685,8951,816,489972,278
2015-08-24$110.51$110.0018.7%5.4%11.5%66.6%20.3%0.2%-0.4%295.9M-1.42B-35.1M0.574.29140,57580,5711,658,120839,800
2015-08-25$109.31$110.0017.7%5.2%12.4%58.4%19.2%0.4%-0.2%257.6M-553.4M-33.9M0.493.51138,76468,5831,701,550855,522
2015-08-26$107.69$110.0017.5%5.2%13.8%56.6%19.2%0.4%-0.1%168.6M595.1M-31.6M0.532.76174,63292,5211,720,859860,210
2015-08-27$107.73$110.0016.5%4.8%13.3%47.5%17.4%0.7%-0.1%195.4M619.6M-31.0M0.332.61188,30461,2061,782,748877,448
2015-08-28$108.72$110.0016.5%4.8%13.4%47.4%18.3%0.6%-0.2%317.0M-215.8M-33.1M0.503.20138,62368,9751,878,726887,935
2015-08-31$108.89$110.0016.8%5.0%12.9%50.0%18.2%0.6%0.2%240.3M-126.8M-32.1M0.242.54249,92360,3261,764,985863,014