GLD Options History — February 2019

In February 2019, GLD traded between $123.42 and $126.62. ATM implied volatility averaged 8.8%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 2.5%. IV traded above realized volatility by 0.5% (HV 20d: 8.4%). Max pain ranged from $119.00 to $122.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 0.81.

Notable Days

  • 2019-02-19: Highest Volume — 235,979 contracts
  • 2019-02-19: Largest IV spike — 11.5% change
  • 2019-02-19: Highest IV Rank — 38.2%
  • 2019-02-19: Largest Expected Move — 2.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$124.63$123.42$126.62$124.63$124.13
Max Pain$120.58$119.00$122.00$119.00$122.00
ATM IV8.8%8.2%9.9%8.7%8.5%
Expected Move2.5%2.4%2.8%2.6%2.5%
HV 20d8.4%7.6%9.9%8.1%8.7%
HV 60d8.1%7.6%8.5%8.2%8.5%
IV Rank11.3%0.0%38.2%2.4%7.3%
IV Percentile7.5%0.0%49.2%0.4%0.8%
Term Structure0.1%-0.2%0.4%0.2%0.0%
VWIV9.2%8.8%10.2%9.1%8.8%
Skew 25d-1.1%-1.7%-0.3%-1.0%-0.3%
Skew 10d-1.6%-2.7%-0.4%-1.7%-0.4%
Call IV 25d9.8%9.0%11.3%9.5%9.0%
Put IV 25d8.7%8.1%9.6%8.6%8.7%
Bid-Ask Spread %2.561.545.011.542.41
Gamma HHI0.100.090.150.090.09
Net GEX590.0M365.8M702.9M638.5M365.8M
Net DEX-6.82B-8.49B-5.13B-7.65B-5.13B
Net VEX-30.4M-31.5M-29.0M-30.9M-30.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.391.171.110.74
Total Volume107,120.63242,890235,979143,76489,231
Total OI2,402,716.4742,198,5132,523,0872,374,6862,523,087

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-02-01$124.63$119.008.7%2.6%8.1%2.4%9.1%-1.0%0.2%638.5M-7.65B-30.9M1.111.5468,08275,6821,440,640934,046
2019-02-04$124.13$120.008.9%2.6%7.9%7.6%9.3%-0.9%0.0%652.7M-6.88B-31.5M0.682.2925,53917,3511,433,291915,229
2019-02-05$124.24$120.008.8%2.6%7.9%5.5%9.3%-1.1%0.0%665.8M-7.00B-31.0M0.602.0747,51528,5671,439,218920,188
2019-02-06$123.49$120.008.5%2.4%8.1%0.0%9.0%-0.9%0.0%634.0M-6.10B-31.0M0.761.9540,54030,8331,464,484936,173
2019-02-07$123.77$120.008.5%2.5%7.8%0.0%9.3%-1.1%0.1%679.6M-6.48B-30.9M0.582.2060,37134,9241,464,465945,429
2019-02-08$124.20$120.008.4%2.4%7.6%0.0%8.9%-1.5%0.1%643.2M-6.86B-30.4M0.652.6044,44228,8081,456,586961,576
2019-02-11$123.66$120.009.0%2.6%7.8%11.5%9.3%-1.4%0.1%569.9M-6.19B-30.4M0.392.4770,63127,4621,439,800952,100
2019-02-12$123.88$120.008.7%2.5%7.8%6.0%8.9%-1.1%0.2%609.3M-6.40B-30.9M0.715.0130,51421,5411,473,862963,813
2019-02-13$123.42$120.008.2%2.4%7.9%0.0%8.8%-1.2%0.4%567.3M-6.00B-30.1M0.723.5355,72340,2451,485,494969,764
2019-02-14$123.98$120.008.6%2.5%8.0%8.1%9.1%-1.3%0.2%614.7M-6.71B-30.5M0.662.6247,32231,3671,499,534979,571
2019-02-15$124.84$120.008.8%2.5%8.3%13.4%9.1%-1.2%0.3%702.9M-7.74B-30.2M0.801.7556,80645,1821,522,248988,832
2019-02-19$126.62$120.009.9%2.8%8.7%38.2%10.2%-1.7%0.1%610.6M-8.41B-29.0M1.092.45112,742123,2371,383,134815,379
2019-02-20$126.60$121.009.7%2.7%8.8%33.2%9.9%-1.6%0.1%635.9M-8.49B-29.8M0.733.89109,33379,6701,415,456893,281
2019-02-21$125.20$121.009.2%2.6%9.9%23.9%9.7%-1.0%-0.1%529.3M-6.77B-30.7M1.082.6678,74585,0481,447,352926,775
2019-02-22$125.48$122.008.9%2.5%9.8%17.3%9.0%-0.9%-0.2%586.8M-7.02B-30.3M1.172.3070,29082,0341,452,785951,970
2019-02-25$125.45$122.008.8%2.5%8.7%14.2%9.0%-1.1%0.1%535.8M-6.91B-29.6M1.062.2730,55132,4851,440,046947,072
2019-02-26$125.55$122.008.8%2.5%8.6%13.8%8.9%-0.8%-0.0%514.4M-6.99B-29.5M0.792.1047,91037,7801,450,657964,400
2019-02-27$124.73$122.008.7%2.5%8.8%12.1%9.1%-0.7%-0.1%453.6M-5.88B-30.1M1.102.5060,33466,4551,466,012987,864
2019-02-28$124.13$122.008.5%2.5%8.7%7.3%8.8%-0.3%0.0%365.8M-5.13B-30.1M0.742.4151,26437,9671,495,2111,027,876