GLD Options History — April 2019

In April 2019, GLD traded between $120.03 and $123.56. ATM implied volatility averaged 8.6%, placing in the 10.8% IV rank vs the trailing year. The 30-day expected move averaged 2.5%. IV traded below realized volatility by 0.2% (HV 20d: 8.8%). Max pain ranged from $122.00 to $123.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.02.

Notable Days

  • 2019-04-16: Highest Volume — 274,879 contracts
  • 2019-04-22: Largest IV spike — 6.1% change
  • 2019-04-01: Highest IV Rank — 22.4%
  • 2019-04-01: Largest Expected Move — 2.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$121.45$120.03$123.56$121.67$121.24
Max Pain$122.83$122.00$123.00$123.00$122.00
ATM IV8.6%8.1%9.1%9.1%8.2%
Expected Move2.5%2.3%2.6%2.6%2.4%
HV 20d8.8%7.2%10.1%10.1%7.4%
HV 60d9.5%9.2%9.8%9.6%9.3%
IV Rank10.8%0.0%22.4%22.4%3.9%
IV Percentile4.2%0.0%16.7%16.7%0.8%
Term Structure-0.0%-0.1%0.1%-0.1%0.1%
VWIV9.0%8.6%9.8%9.7%8.7%
Skew 25d-0.4%-1.0%-0.1%-0.6%-0.3%
Skew 10d-0.7%-1.8%0.1%-1.3%-0.6%
Call IV 25d9.2%8.5%10.0%10.0%8.6%
Put IV 25d8.7%8.3%9.3%9.3%8.3%
Bid-Ask Spread %2.961.925.504.072.10
Gamma HHI0.080.060.100.060.07
Net GEX77.0M-163.6M417.7M27.6M152.5M
Net DEX-1.51B-4.13B243.7M-1.35B-1.73B
Net VEX-31.0M-31.8M-30.1M-31.8M-31.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.453.640.681.36
Total Volume94,627.85739,582274,87972,68954,532
Total OI2,272,982.4292,141,4852,527,9982,170,4752,275,453

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$121.67$123.009.1%2.6%10.1%22.4%9.7%-0.6%-0.1%27.6M-1.35B-31.8M0.684.0743,22929,4601,299,649870,826
2019-04-02$121.92$123.008.9%2.6%10.1%16.7%9.6%-0.5%0.1%46.7M-1.66B-31.4M0.723.3830,33221,8741,310,162879,673
2019-04-03$121.88$123.008.8%2.5%10.1%13.8%9.1%-0.5%-0.0%27.8M-1.60B-30.9M0.743.5938,89628,5971,318,561881,697
2019-04-04$122.13$123.009.0%2.6%10.1%18.6%9.4%-0.3%-0.0%97.9M-2.01B-31.1M0.684.2773,53550,0451,337,934889,300
2019-04-05$121.99$123.008.7%2.5%9.3%11.4%9.2%-0.5%0.1%82.1M-1.86B-31.0M0.592.9267,99040,1031,366,564899,756
2019-04-08$122.51$123.008.7%2.5%9.2%12.7%9.8%-1.0%0.0%213.8M-2.82B-31.4M0.533.4733,96018,0581,362,609867,986
2019-04-09$123.09$123.008.6%2.5%9.1%9.5%8.9%-0.9%-0.0%328.1M-3.60B-30.3M1.072.9239,49542,3411,377,368876,308
2019-04-10$123.56$123.008.6%2.5%8.8%8.6%8.6%-1.0%0.1%417.7M-4.13B-30.2M0.605.5058,96935,3851,382,521884,655
2019-04-11$121.99$123.008.7%2.5%8.9%11.9%8.8%-0.4%-0.0%92.0M-1.89B-30.8M0.933.0465,49560,7681,402,802892,319
2019-04-12$121.90$123.008.4%2.4%8.8%5.0%8.8%-0.4%-0.0%47.8M-1.83B-31.3M1.611.9232,57852,4541,424,781916,060
2019-04-15$121.63$123.008.7%2.5%8.8%13.7%8.9%-0.6%-0.1%19.4M-1.46B-30.4M1.112.2442,76847,4401,408,813901,359
2019-04-16$120.55$123.008.9%2.5%9.2%16.8%9.1%-0.2%-0.0%-145.4M-13.0M-31.0M0.452.59190,11384,7661,432,754922,674
2019-04-17$120.28$123.008.6%2.5%8.8%8.8%8.6%-0.1%-0.1%-163.6M243.7M-31.8M1.012.8043,71944,2851,570,897941,021
2019-04-18$120.34$123.008.1%2.3%8.8%0.0%8.6%-0.2%0.0%-2.0M-4.8M-30.4M0.662.4173,78048,7011,581,576946,422
2019-04-22$120.38$123.008.5%2.5%8.6%12.1%9.5%-0.3%-0.1%42.5M-684.2M-30.4M0.462.9927,02012,5621,347,410794,075
2019-04-23$120.03$123.008.5%2.5%8.0%11.2%8.9%-0.1%-0.1%6.2M-271.0M-30.1M3.642.6820,93776,1841,360,356798,166
2019-04-24$120.49$122.508.5%2.5%8.2%9.9%9.4%-0.2%-0.1%30.6M-772.5M-31.5M1.162.0254,23262,7241,367,296846,043
2019-04-25$120.63$123.008.3%2.4%8.1%6.0%8.6%-0.1%0.0%28.6M-938.4M-31.4M1.112.3443,07047,7971,398,749864,129
2019-04-26$121.40$122.008.3%2.4%7.2%5.5%8.6%-0.5%-0.1%206.2M-2.06B-31.8M1.582.4242,06566,3971,403,369868,258
2019-04-29$120.90$122.008.3%2.5%7.3%7.4%8.8%-0.4%0.1%59.8M-1.24B-31.1M0.822.5122,28018,2491,395,520866,760
2019-04-30$121.24$122.008.2%2.4%7.4%3.9%8.7%-0.3%0.1%152.5M-1.73B-31.1M1.362.1023,13331,3991,409,350866,103