GLD Options History — June 2019

In June 2019, GLD traded between $125.12 and $134.25. ATM implied volatility averaged 12.1%, placing in the 72.0% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded above realized volatility by 1.3% (HV 20d: 10.8%). Max pain ranged from $121.00 to $128.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.66.

Notable Days

2019-06-20: Highest Volume — 483,880 contracts
2019-06-20: Largest IV spike — 31.7% change
2019-06-20: Highest IV Rank — 100.0%
2019-06-25: Largest Expected Move — 4.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$128.45	$125.12	$134.25	$125.12	$133.11
Max Pain	$123.75	$121.00	$128.00	$121.00	$128.00
ATM IV	12.1%	9.5%	16.0%	10.6%	15.1%
Expected Move	3.5%	2.7%	4.8%	3.2%	4.6%
HV 20d	10.8%	8.9%	13.4%	9.7%	13.0%
HV 60d	9.3%	8.6%	10.3%	9.3%	10.3%
IV Rank	72.0%	38.6%	100.0%	63.5%	88.7%
IV Percentile	86.1%	52.0%	100.0%	83.7%	99.2%
Term Structure	-0.1%	-0.4%	0.1%	-0.1%	-0.2%
VWIV	12.7%	9.8%	16.8%	11.2%	16.1%
Skew 25d	-2.5%	-3.4%	-1.8%	-2.0%	-3.1%
Skew 10d	-4.2%	-6.1%	-2.1%	-2.1%	-5.3%
Call IV 25d	13.8%	10.9%	18.1%	11.8%	17.2%
Put IV 25d	11.4%	9.1%	15.1%	9.8%	14.2%
Bid-Ask Spread %	2.35	1.85	2.76	2.76	2.38
Gamma HHI	0.08	0.05	0.14	0.08	0.05
Net GEX	551.1M	444.3M	667.5M	469.9M	460.5M
Net DEX	-8.93B	-13.74B	-6.87B	-6.87B	-9.54B
Net VEX	-33.7M	-43.6M	-28.1M	-28.7M	-43.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.66	0.36	1.11	0.63	0.79
Total Volume	213,779.95	63,661	483,880	172,773	219,159
Total OI	2,681,701.3	2,305,735	3,130,091	2,305,735	2,985,563

Daily Data (20 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
2019-06-03	$125.12	$121.00	10.6%	3.2%	9.7%	63.5%	11.2%	-2.0%	-0.1%	469.9M	-6.87B	-28.7M	0.63	2.76	105,935	66,838	1,415,304	890,431
2019-06-04	$125.24	$121.00	9.5%	2.9%	9.7%	38.9%	10.3%	-1.9%	-0.1%	526.1M	-7.12B	-28.1M	0.87	2.42	63,648	55,148	1,450,888	918,844
2019-06-05	$125.51	$121.00	10.1%	3.1%	9.7%	53.3%	11.0%	-2.2%	-0.1%	510.8M	-7.34B	-29.0M	0.53	2.60	74,076	39,423	1,470,981	945,297
2019-06-06	$125.88	$122.00	10.4%	3.0%	9.5%	60.7%	11.5%	-2.4%	-0.1%	511.3M	-7.70B	-28.9M	0.44	2.55	108,982	48,209	1,491,152	956,709
2019-06-07	$126.56	$122.00	10.3%	3.0%	9.6%	56.9%	10.2%	-2.2%	-0.1%	623.4M	-8.61B	-29.4M	0.43	2.25	174,440	74,512	1,560,710	975,273
2019-06-10	$125.35	$123.00	9.9%	2.8%	10.5%	48.4%	10.1%	-2.1%	-0.3%	539.3M	-7.04B	-30.3M	0.62	2.12	39,278	24,383	1,586,764	977,056
2019-06-11	$125.20	$123.00	9.5%	2.7%	10.0%	38.6%	9.8%	-1.8%	-0.1%	561.4M	-6.92B	-30.1M	0.36	2.10	56,034	20,184	1,602,382	982,390
2019-06-12	$125.78	$123.00	10.1%	2.9%	10.0%	52.6%	10.5%	-2.0%	-0.1%	609.6M	-7.74B	-31.1M	0.70	2.39	42,708	30,046	1,641,574	990,628
2019-06-13	$126.56	$123.00	10.7%	3.1%	10.1%	65.6%	11.7%	-2.5%	0.1%	630.0M	-8.60B	-30.8M	0.55	2.48	68,366	37,374	1,653,111	1,005,709
2019-06-14	$126.55	$123.00	11.0%	3.2%	9.6%	73.9%	11.3%	-2.6%	-0.0%	634.1M	-8.62B	-31.5M	0.69	2.52	170,967	118,415	1,682,070	1,013,395
2019-06-17	$126.41	$123.00	10.8%	3.1%	9.1%	68.9%	11.0%	-2.3%	-0.0%	626.9M	-8.47B	-32.9M	0.94	2.44	47,293	44,578	1,731,632	1,052,515
2019-06-18	$127.05	$123.00	11.3%	3.2%	9.2%	79.8%	11.6%	-2.5%	-0.2%	605.1M	-9.03B	-33.3M	0.78	2.47	91,618	71,169	1,740,967	1,081,305
2019-06-19	$127.53	$123.00	11.4%	3.3%	8.9%	83.8%	11.7%	-2.3%	-0.3%	637.7M	-9.61B	-33.7M	1.11	2.49	95,238	105,813	1,771,487	1,115,935
2019-06-20	$131.14	$124.00	15.0%	4.3%	12.5%	100.0%	15.1%	-3.4%	-0.4%	554.6M	-12.75B	-34.9M	0.52	2.14	318,849	165,031	1,784,869	1,168,842
2019-06-21	$132.12	$124.00	14.6%	4.2%	12.5%	94.2%	15.2%	-3.2%	-0.4%	667.5M	-13.74B	-36.1M	0.89	1.85	164,530	146,022	1,891,093	1,238,998
2019-06-24	$133.88	$125.00	15.9%	4.7%	12.7%	100.0%	16.5%	-3.2%	-0.1%	444.3M	-9.98B	-37.3M	0.46	2.15	321,838	146,498	1,534,647	870,909
2019-06-25	$134.25	$127.00	16.0%	4.8%	12.3%	100.0%	16.8%	-2.9%	-0.1%	511.0M	-10.66B	-41.1M	0.73	2.48	255,959	186,673	1,725,895	968,434
2019-06-26	$133.01	$128.00	15.0%	4.5%	13.3%	87.1%	15.9%	-2.6%	-0.2%	448.4M	-9.06B	-41.2M	0.61	2.15	165,159	101,170	1,772,667	1,057,863
2019-06-27	$132.83	$128.00	14.8%	4.4%	13.4%	84.4%	15.9%	-2.6%	-0.2%	450.6M	-9.19B	-43.0M	0.51	2.19	138,881	71,155	1,838,795	1,090,942
2019-06-28	$133.11	$128.00	15.1%	4.6%	13.0%	88.7%	16.1%	-3.1%	-0.2%	460.5M	-9.54B	-43.6M	0.79	2.38	122,437	96,722	1,878,174	1,107,389