GLD Options History — May 2019

In May 2019, GLD traded between $120.02 and $123.31. ATM implied volatility averaged 8.4%, placing in the 12.0% IV rank vs the trailing year. The 30-day expected move averaged 2.4%. IV traded above realized volatility by 0.9% (HV 20d: 7.5%). Max pain ranged from $121.00 to $122.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.74.

Notable Days

  • 2019-05-31: Highest Volume — 185,697 contracts
  • 2019-05-13: Largest IV spike — 10.2% change
  • 2019-05-31: Highest IV Rank — 33.2%
  • 2019-05-31: Largest Expected Move — 2.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$121.21$120.02$123.31$120.49$123.31
Max Pain$121.14$121.00$122.00$122.00$121.00
ATM IV8.4%7.9%9.3%8.0%9.3%
Expected Move2.4%2.3%2.7%2.4%2.7%
HV 20d7.5%6.3%8.6%7.6%8.6%
HV 60d9.0%8.2%9.5%9.4%8.8%
IV Rank12.0%0.0%33.2%0.0%33.2%
IV Percentile7.3%0.0%40.5%0.0%40.5%
Term Structure0.0%-0.2%0.3%0.1%0.1%
VWIV8.8%8.2%9.7%8.5%9.7%
Skew 25d-0.8%-1.6%0.0%-0.3%-1.6%
Skew 10d-1.4%-2.9%0.0%-0.6%-2.9%
Call IV 25d9.2%8.3%10.5%8.5%10.5%
Put IV 25d8.3%7.9%8.9%8.2%8.9%
Bid-Ask Spread %2.471.884.092.862.68
Gamma HHI0.090.080.090.080.08
Net GEX163.9M-86.9M442.1M25.3M442.1M
Net DEX-1.98B-5.14B-69.7M-744.6M-5.14B
Net VEX-29.4M-30.9M-27.5M-30.5M-29.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.211.300.960.69
Total Volume88,299.68236,428185,697115,857185,697
Total OI2,289,982.5452,093,2992,429,7972,291,9912,287,872

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$120.49$122.008.0%2.4%7.6%0.0%8.5%-0.3%0.1%25.3M-744.6M-30.5M0.962.8659,00856,8491,421,839870,152
2019-05-02$120.02$122.008.1%2.4%7.7%2.2%8.6%0.0%0.0%-86.9M-69.7M-29.9M0.594.0978,72946,3591,443,956886,257
2019-05-03$120.73$122.007.9%2.3%8.0%0.0%8.2%-0.4%0.2%116.4M-1.14B-30.5M0.482.2386,59241,9561,474,807889,255
2019-05-06$120.88$121.008.2%2.4%8.0%7.9%8.6%-0.5%0.0%107.0M-1.42B-29.9M0.762.0120,75315,6751,435,678869,477
2019-05-07$121.28$121.008.6%2.5%8.0%16.5%9.1%-0.9%0.0%181.8M-2.04B-30.6M1.012.6144,27344,9071,444,452877,723
2019-05-08$120.94$121.008.6%2.5%7.7%16.4%9.0%-0.9%0.0%118.7M-1.54B-30.5M0.482.9740,32719,2331,457,836885,366
2019-05-09$121.20$121.008.7%2.5%7.6%19.7%9.1%-1.1%-0.0%174.7M-1.99B-30.9M0.922.0443,40640,0311,469,734890,632
2019-05-10$121.42$121.008.2%2.4%6.3%8.6%8.5%-0.8%0.0%224.1M-2.18B-29.8M0.632.8634,41521,8421,477,588908,476
2019-05-13$122.66$121.009.1%2.7%7.3%28.4%9.5%-1.6%0.2%390.4M-3.92B-29.5M0.432.3270,48330,3611,457,146887,806
2019-05-14$122.41$121.008.6%2.5%7.3%18.2%9.1%-1.3%0.0%372.4M-3.58B-29.8M0.582.0055,82332,2191,480,194904,523
2019-05-15$122.34$121.008.4%2.4%6.4%12.4%8.7%-1.1%0.1%353.0M-3.41B-29.5M0.922.1447,12543,1561,485,889909,445
2019-05-16$121.48$121.008.2%2.4%6.9%7.5%8.6%-0.9%0.1%201.9M-1.87B-28.9M0.992.2843,60543,0601,496,672924,442
2019-05-17$120.66$121.008.2%2.4%7.4%7.7%8.6%-0.8%0.3%21.2M-672.5M-28.4M1.301.9847,48661,9011,504,003925,794
2019-05-20$120.65$121.008.4%2.4%7.4%12.3%8.9%-0.7%0.1%63.4M-1.36B-28.5M0.541.8834,84918,8711,296,292797,007
2019-05-21$120.33$121.008.3%2.4%7.4%9.9%8.5%-0.5%-0.1%31.7M-952.0M-28.4M0.542.2653,73029,2221,319,785809,045
2019-05-22$120.24$121.008.3%2.4%7.2%10.0%8.4%-0.4%-0.1%30.9M-929.2M-28.6M1.222.4126,63232,4251,340,228812,605
2019-05-23$121.23$121.008.5%2.4%7.8%14.3%8.8%-1.0%-0.0%172.6M-2.29B-30.0M0.802.7372,90858,4481,347,079823,448
2019-05-24$121.26$121.008.2%2.3%7.5%6.4%8.6%-0.7%-0.1%189.2M-2.28B-29.5M0.912.5028,26125,7331,375,476844,666
2019-05-28$120.77$121.008.4%2.4%7.5%11.6%8.9%-0.7%-0.1%86.7M-1.54B-28.0M0.212.7138,8968,3091,360,629832,510
2019-05-29$120.83$121.008.2%2.4%7.4%6.3%8.4%-0.7%-0.0%116.4M-1.68B-27.5M0.542.3234,81518,8951,385,187833,030
2019-05-30$121.58$121.008.5%2.4%7.4%14.5%8.7%-0.9%-0.2%271.9M-2.73B-28.1M0.802.4158,58546,7431,395,213840,402
2019-05-31$123.31$121.009.3%2.7%8.6%33.2%9.7%-1.6%0.1%442.1M-5.14B-29.1M0.692.68109,74175,9561,418,773869,099