GLD Options History — November 2018

In November 2018, GLD traded between $113.62 and $116.70. ATM implied volatility averaged 10.3%, placing in the 41.3% IV rank vs the trailing year. The 30-day expected move averaged 3.0%. IV traded above realized volatility by 0.4% (HV 20d: 9.9%). Max pain ranged from $115.00 to $116.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.90.

Notable Days

2018-11-14: Highest Volume — 206,704 contracts
2018-11-07: Largest IV drop — 10.0% change
2018-11-01: Highest IV Rank — 55.4%
2018-11-01: Largest Expected Move — 3.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$115.44	$113.62	$116.70	$116.70	$115.57
Max Pain	$115.76	$115.00	$116.00	$115.00	$116.00
ATM IV	10.3%	9.2%	11.0%	11.0%	9.2%
Expected Move	3.0%	2.8%	3.4%	3.4%	2.8%
HV 20d	9.9%	7.7%	12.8%	12.8%	7.7%
HV 60d	10.3%	9.7%	11.2%	11.1%	9.8%
IV Rank	41.3%	16.0%	55.4%	55.4%	16.0%
IV Percentile	60.2%	7.1%	84.5%	84.5%	7.1%
Term Structure	-0.1%	-0.4%	0.2%	0.0%	0.2%
VWIV	11.2%	10.2%	12.9%	12.7%	10.2%
Skew 25d	-0.8%	-1.8%	0.2%	-1.8%	-0.2%
Skew 10d	-1.2%	-3.2%	0.3%	-3.2%	0.2%
Call IV 25d	11.2%	9.6%	12.5%	12.5%	9.6%
Put IV 25d	10.4%	9.4%	11.3%	10.7%	9.4%
Bid-Ask Spread %	3.03	1.65	3.94	3.46	3.57
Gamma HHI	0.08	0.06	0.15	0.08	0.07
Net GEX	324.5M	760.5K	650.9M	487.8M	306.1M
Net DEX	-2.02B	-3.53B	-174.5M	-3.53B	-1.81B
Net VEX	-27.7M	-30.1M	-26.0M	-30.0M	-26.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.90	0.42	1.58	0.57	1.18
Total Volume	140,132.429	101,863	206,704	183,028	150,740
Total OI	2,538,382.714	2,358,855	2,683,666	2,569,170	2,568,736

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2018-11-01	$116.70	$115.00	11.0%	3.4%	12.8%	55.4%	12.7%	-1.8%	0.0%	487.8M	-3.53B	-30.0M	0.57	3.46	116,435	66,593	1,822,925	746,245
2018-11-02	$116.68	$115.00	11.0%	3.3%	12.8%	54.6%	12.9%	-1.6%	-0.0%	469.4M	-3.50B	-30.1M	0.70	3.91	94,977	66,064	1,848,009	761,819
2018-11-05	$116.42	$116.00	10.9%	3.1%	11.8%	53.5%	12.0%	-1.5%	-0.0%	431.3M	-3.09B	-29.4M	0.71	2.69	62,659	44,342	1,813,578	726,937
2018-11-06	$115.98	$116.00	10.9%	3.1%	11.9%	54.4%	11.5%	-1.5%	-0.0%	392.8M	-2.68B	-29.0M	0.56	2.62	75,949	42,833	1,841,786	728,766
2018-11-07	$115.93	$116.00	9.9%	2.9%	11.9%	31.2%	10.6%	-1.1%	0.0%	395.0M	-2.53B	-27.9M	0.58	2.63	81,612	47,062	1,862,585	735,123
2018-11-08	$115.74	$116.00	10.0%	2.9%	7.9%	33.1%	10.5%	-0.7%	0.1%	347.8M	-2.33B	-27.9M	0.90	3.40	63,133	56,859	1,866,058	738,086
2018-11-09	$114.37	$116.00	10.0%	2.9%	8.8%	34.0%	10.7%	-0.3%	0.1%	760.5K	-708.4M	-26.8M	1.36	3.33	72,207	98,484	1,871,191	747,519
2018-11-12	$113.66	$116.00	10.6%	3.1%	8.8%	47.0%	10.9%	-0.1%	0.1%	87.6M	-174.5M	-26.2M	1.25	2.52	51,371	63,955	1,820,669	748,749
2018-11-13	$113.62	$116.00	10.6%	3.1%	8.7%	47.2%	11.1%	0.2%	0.0%	95.1M	-202.2M	-26.3M	1.14	2.61	51,097	58,168	1,827,898	755,578
2018-11-14	$114.62	$116.00	11.0%	3.2%	9.4%	55.4%	11.6%	-0.4%	0.1%	227.8M	-1.28B	-28.0M	0.44	3.75	143,692	63,012	1,841,872	766,843
2018-11-15	$114.81	$115.00	10.6%	3.1%	9.4%	47.8%	11.6%	-0.5%	0.1%	327.1M	-1.58B	-27.7M	0.42	3.94	120,906	50,297	1,886,404	767,284
2018-11-16	$115.52	$115.00	10.3%	3.0%	9.7%	40.7%	10.9%	-0.7%	0.2%	650.9M	-2.50B	-28.0M	0.61	2.25	88,785	53,770	1,908,814	774,852
2018-11-19	$115.78	$115.00	10.9%	3.1%	9.6%	52.5%	11.6%	-1.2%	-0.3%	368.0M	-2.38B	-28.1M	0.80	3.01	73,520	58,741	1,713,944	644,911
2018-11-20	$115.49	$116.00	10.8%	3.1%	9.4%	51.8%	11.8%	-1.2%	-0.4%	347.6M	-2.12B	-28.1M	1.06	3.18	56,370	59,965	1,737,303	658,097
2018-11-21	$115.96	$116.00	10.5%	3.0%	9.5%	44.2%	11.2%	-1.0%	-0.3%	389.4M	-2.49B	-27.8M	0.70	2.96	88,065	61,826	1,748,992	678,267
2018-11-23	$115.77	$116.00	10.3%	3.0%	9.5%	40.9%	10.9%	-1.1%	-0.3%	343.7M	-2.35B	-27.9M	0.93	3.39	54,003	50,382	1,774,464	689,880
2018-11-26	$115.64	$116.00	9.9%	2.9%	9.4%	32.7%	10.8%	-0.5%	-0.2%	327.0M	-2.05B	-26.8M	0.97	2.61	51,632	50,231	1,748,582	672,986
2018-11-27	$114.81	$116.00	9.9%	2.9%	9.6%	32.6%	10.8%	0.2%	-0.2%	218.5M	-1.21B	-26.1M	1.58	2.87	56,715	89,469	1,751,085	680,548
2018-11-28	$115.47	$116.00	9.5%	2.8%	9.7%	22.7%	10.3%	-0.4%	-0.2%	272.1M	-1.83B	-26.0M	1.22	1.65	77,240	93,992	1,762,383	720,153
2018-11-29	$115.79	$116.00	9.4%	2.8%	9.4%	20.6%	10.7%	-0.6%	-0.2%	327.9M	-2.14B	-26.5M	1.16	3.19	62,867	72,761	1,792,203	753,913
2018-11-30	$115.57	$116.00	9.2%	2.8%	7.7%	16.0%	10.2%	-0.2%	0.2%	306.1M	-1.81B	-26.2M	1.18	3.57	69,076	81,664	1,806,039	762,697