GLD Options History — September 2019

In September 2019, GLD traded between $138.92 and $146.53. ATM implied volatility averaged 14.2%, placing in the 67.4% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 0.8% (HV 20d: 15.0%). Max pain ranged from $135.00 to $140.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.74.

Notable Days

  • 2019-09-30: Highest Volume — 384,784 contracts
  • 2019-09-20: Largest IV spike — 16.0% change
  • 2019-09-04: Highest IV Rank — 87.3%
  • 2019-09-04: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$142.10$138.92$146.53$145.72$138.92
Max Pain$139.15$135.00$140.00$135.00$140.00
ATM IV14.2%13.1%16.0%15.5%13.9%
Expected Move4.1%3.7%4.7%4.6%4.1%
HV 20d15.0%13.6%15.9%14.0%15.6%
HV 60d15.6%14.8%16.4%15.4%15.0%
IV Rank67.4%55.9%87.3%81.6%64.6%
IV Percentile85.6%77.4%96.0%94.8%82.5%
Term Structure-0.1%-0.5%0.4%-0.3%-0.2%
VWIV14.9%13.6%17.1%15.9%15.0%
Skew 25d-3.2%-4.7%-1.9%-4.0%-2.5%
Skew 10d-5.3%-7.9%-3.5%-6.8%-4.3%
Call IV 25d16.4%14.9%18.6%18.2%15.7%
Put IV 25d13.2%12.2%14.7%14.2%13.2%
Bid-Ask Spread %2.891.593.901.592.90
Gamma HHI0.060.050.080.060.07
Net GEX407.0M90.1M689.1M672.9M90.1M
Net DEX-10.61B-17.04B-4.40B-16.23B-4.40B
Net VEX-45.4M-47.3M-43.3M-46.0M-45.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.351.040.490.85
Total Volume205,635.7100,770384,784204,255384,784
Total OI3,233,287.252,589,1003,595,3713,273,2712,916,399

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-09-03$145.72$135.0015.5%4.6%14.0%81.6%15.9%-4.0%-0.3%672.9M-16.23B-46.0M0.491.59137,19367,0622,162,7741,110,497
2019-09-04$146.53$135.0016.0%4.7%13.9%87.3%17.1%-3.8%-0.1%689.1M-17.04B-46.8M0.483.90136,98066,1892,156,6081,131,686
2019-09-05$143.14$139.0014.6%4.1%15.7%71.6%15.5%-3.1%-0.2%467.2M-12.95B-46.7M0.622.33228,561142,8352,162,4741,161,662
2019-09-06$142.12$139.0013.8%3.9%15.9%63.3%14.2%-2.2%-0.2%330.0M-11.42B-46.0M0.862.3896,61782,8002,173,3671,194,389
2019-09-09$141.53$139.0013.6%3.9%15.9%61.3%14.0%-2.4%-0.1%420.6M-11.01B-44.2M0.972.8589,07186,5902,135,4341,152,713
2019-09-10$140.33$139.0013.4%3.7%15.7%58.6%13.6%-1.9%-0.3%322.0M-9.09B-43.8M1.022.8787,65889,2132,157,4741,186,259
2019-09-11$141.06$139.0013.7%3.8%15.7%62.1%14.2%-2.3%-0.3%361.8M-10.36B-44.5M1.042.8569,91572,4572,182,8161,220,373
2019-09-12$141.25$139.0013.6%3.8%15.4%60.9%14.9%-2.5%-0.3%372.8M-10.63B-44.7M0.612.82129,30178,8262,204,0791,253,823
2019-09-13$140.26$139.0013.6%3.8%15.4%61.1%14.0%-2.4%-0.5%279.7M-9.24B-45.2M1.022.9299,543101,4632,207,5781,277,400
2019-09-16$141.28$140.0014.3%4.1%15.6%68.9%14.8%-3.8%-0.2%449.8M-11.28B-44.4M0.503.1687,37143,7732,186,8541,238,830
2019-09-17$141.62$140.0014.3%4.1%15.0%69.3%15.3%-3.6%-0.4%472.3M-11.51B-44.4M0.362.9374,18126,5892,201,1561,252,250
2019-09-18$141.06$140.0013.4%3.9%14.7%59.4%14.5%-3.4%-0.1%396.3M-10.79B-44.7M0.913.48103,86294,6812,206,3631,263,037
2019-09-19$141.24$140.0013.1%3.8%14.7%55.9%14.2%-3.4%-0.0%402.7M-10.91B-43.3M0.802.9194,77975,9792,231,4341,286,096
2019-09-20$143.00$140.0015.2%4.4%15.3%78.2%15.2%-4.1%-0.1%602.9M-13.47B-46.2M0.843.02129,282108,7732,276,2721,319,099
2019-09-23$143.61$140.0015.0%4.3%13.6%75.7%15.9%-4.2%0.4%426.7M-9.31B-44.6M0.632.28102,04264,7761,714,099875,001
2019-09-24$144.54$140.0015.5%4.5%13.8%81.6%16.0%-4.7%0.2%511.2M-10.52B-46.7M0.353.62161,95657,0731,783,683952,943
2019-09-25$141.90$140.0014.1%4.1%14.9%66.4%14.9%-3.3%0.3%354.7M-7.78B-47.2M0.983.40128,453125,5311,842,061984,933
2019-09-26$141.79$140.0013.5%4.0%14.9%60.4%14.5%-3.0%0.4%303.8M-7.51B-46.7M0.732.6783,61361,0781,881,1491,048,016
2019-09-27$141.12$140.0013.4%3.9%14.7%58.9%14.5%-2.6%0.4%213.2M-6.72B-47.3M0.642.84147,27294,5921,900,4031,074,261
2019-09-30$138.92$140.0013.9%4.1%15.6%64.6%15.0%-2.5%-0.2%90.1M-4.40B-45.3M0.852.90208,456176,3281,889,1271,027,272