GLD Options History — September 2015

In September 2015, GLD traded between $105.90 and $110.51. ATM implied volatility averaged 16.0%, placing in the 42.2% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 3.0% (HV 20d: 13.0%). Max pain ranged from $107.00 to $110.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.49.

Notable Days

  • 2015-09-18: Highest Volume — 276,569 contracts
  • 2015-09-24: Largest IV spike — 11.6% change
  • 2015-09-01: Highest IV Rank — 54.7%
  • 2015-09-01: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$107.84$105.90$110.51$109.26$106.84
Max Pain$107.33$107.00$110.00$110.00$107.00
ATM IV16.0%14.9%17.4%17.4%15.1%
Expected Move4.6%4.2%5.2%5.2%4.2%
HV 20d13.0%11.7%14.0%12.9%13.8%
HV 60d12.4%11.9%13.3%12.1%13.3%
IV Rank42.2%32.5%54.7%54.7%34.6%
IV Percentile53.1%38.9%70.2%70.2%40.9%
Term Structure0.1%-0.3%0.6%0.2%0.5%
VWIV16.4%15.1%18.9%18.9%15.1%
Skew 25d0.5%-1.3%1.4%0.5%-0.1%
Skew 10d0.9%-2.6%3.2%1.0%-0.5%
Call IV 25d16.3%15.1%18.2%17.8%15.8%
Put IV 25d16.8%15.6%18.3%18.3%15.7%
Bid-Ask Spread %3.052.274.612.562.45
Gamma HHI0.050.040.090.040.05
Net GEX207.1M9.7M492.4M307.4M199.6M
Net DEX-16.3M-3.25B1.76B-631.8M-129.1M
Net VEX-32.3M-41.0M-27.4M-33.8M-35.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.250.860.300.57
Total Volume173,847.04881,023276,569169,832155,721
Total OI2,739,376.1432,477,4452,957,8272,738,4872,750,729

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-09-01$109.26$110.0017.4%5.2%12.9%54.7%18.9%0.5%0.2%307.4M-631.8M-33.8M0.302.56130,43639,3961,871,608866,879
2015-09-02$108.60$110.0016.9%4.9%13.1%50.8%17.5%0.7%-0.2%235.6M-19.1M-31.7M0.412.4697,06439,9241,874,444861,197
2015-09-03$107.82$107.0016.7%4.8%13.4%48.4%17.1%0.8%-0.1%156.7M595.1M-30.6M0.523.3998,06850,7351,881,888865,641
2015-09-04$107.53$107.0016.7%4.8%13.5%48.5%17.0%1.0%-0.2%125.9M772.4M-30.2M0.813.7772,07458,3621,895,592875,516
2015-09-08$107.52$107.0016.5%4.7%13.2%46.9%17.0%0.9%-0.0%106.2M930.9M-28.4M0.363.3572,15026,3201,794,922854,068
2015-09-09$106.12$107.0016.0%4.6%14.0%42.4%16.3%1.2%0.1%9.7M1.74B-27.4M0.612.73147,39290,3231,843,907865,430
2015-09-10$106.39$107.0015.4%4.4%13.1%36.9%15.4%1.2%-0.0%29.4M1.59B-28.5M0.432.49145,20662,5911,919,305902,913
2015-09-11$106.14$107.0015.8%4.5%12.8%41.0%16.2%1.2%-0.0%58.0M1.62B-29.8M0.863.0278,90667,8681,978,356916,190
2015-09-14$106.25$107.0016.3%4.6%12.8%44.6%16.3%1.4%-0.2%51.1M1.54B-28.6M0.512.5480,79441,4891,881,379882,028
2015-09-15$105.90$107.0016.1%4.6%12.8%43.4%16.6%1.4%-0.1%35.1M1.76B-27.4M0.454.2155,73325,2901,897,648886,130
2015-09-16$107.28$107.0016.4%4.7%13.7%45.9%16.7%1.1%-0.3%126.5M746.1M-29.9M0.302.76162,00748,4481,937,924893,884
2015-09-17$108.37$107.0015.1%4.3%13.3%34.3%15.6%0.8%-0.0%249.9M-93.1M-30.5M0.473.47187,62787,8311,967,157902,457
2015-09-18$109.20$107.0014.9%4.3%12.3%32.5%15.4%0.4%-0.1%372.5M-903.3M-31.6M0.403.39197,87378,6962,021,686936,141
2015-09-21$108.51$107.0014.9%4.3%12.1%32.8%15.6%0.7%0.4%251.8M-596.9M-32.3M0.292.75154,29844,8101,727,983749,462
2015-09-22$107.83$107.0015.4%4.4%12.1%37.2%15.8%0.5%0.4%223.9M-341.9M-32.8M0.252.27145,11735,8061,779,477759,006
2015-09-23$108.32$107.0015.4%4.4%11.7%36.7%16.1%-0.1%0.4%292.4M-1.04B-35.2M0.372.82113,08141,7341,864,979765,287
2015-09-24$110.51$107.0017.2%4.9%12.5%52.7%17.8%-0.9%0.6%492.4M-3.25B-41.0M0.483.42172,48182,4691,931,283778,418
2015-09-25$109.86$107.5016.0%4.5%12.8%42.6%16.8%-1.3%0.5%458.8M-2.41B-39.6M0.454.61125,06256,3051,938,773799,578
2015-09-28$108.38$107.5015.8%4.5%13.4%40.8%16.2%-0.7%0.5%292.3M-1.28B-37.6M0.712.9084,77460,5221,913,793778,506
2015-09-29$108.01$107.0015.5%4.3%13.4%37.6%15.5%-0.6%0.4%275.0M-932.1M-36.6M0.642.6883,08452,9211,926,695788,640
2015-09-30$106.84$107.0015.1%4.2%13.8%34.6%15.1%-0.1%0.5%199.6M-129.1M-35.3M0.572.4599,45856,2631,958,337792,392