GLD Options History — February 2021

In February 2021, GLD traded between $162.28 and $174.46. ATM implied volatility averaged 16.8%, placing in the 17.0% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 1.7% (HV 20d: 15.1%). Max pain ranged from $170.00 to $173.50. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.69.

Notable Days

  • 2021-02-26: Highest Volume — 437,709 contracts
  • 2021-02-25: Largest IV spike — 13.1% change
  • 2021-02-01: Highest IV Rank — 25.8%
  • 2021-02-01: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$169.39$162.28$174.46$174.46$162.28
Max Pain$170.55$170.00$173.50$173.50$170.00
ATM IV16.8%15.8%18.9%18.9%17.8%
Expected Move4.8%4.4%5.3%5.3%5.2%
HV 20d15.1%13.0%18.3%18.3%17.0%
HV 60d16.7%15.9%18.8%18.6%16.8%
IV Rank17.0%9.2%25.8%25.8%15.1%
IV Percentile27.5%10.7%54.4%54.4%42.1%
Term Structure0.1%-0.4%0.6%-0.1%-0.1%
VWIV17.8%16.3%20.9%20.9%18.9%
Skew 25d0.0%-2.3%2.7%-2.3%2.7%
Skew 10d0.5%-4.5%5.1%-4.5%5.1%
Call IV 25d17.4%16.3%20.7%20.7%17.3%
Put IV 25d17.5%16.1%20.1%18.4%20.1%
Bid-Ask Spread %1.350.972.302.301.45
Gamma HHI0.040.030.050.050.04
Net GEX185.3M-101.6M441.5M441.5M-101.6M
Net DEX-1.81B-5.59B2.86B-5.59B2.86B
Net VEX-71.8M-77.2M-67.9M-77.2M-67.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.241.280.240.66
Total Volume179,686.26388,544437,709221,351437,709
Total OI2,968,933.5792,787,9943,154,8122,796,5432,981,199

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-02-01$174.46$173.5018.9%5.3%18.3%25.8%20.9%-2.3%-0.1%441.5M-5.59B-77.2M0.242.30178,21943,1321,851,668944,875
2021-02-02$172.11$173.5016.8%4.7%16.6%20.0%17.5%-0.7%0.2%319.3M-3.45B-73.4M0.482.1990,24843,5081,925,769956,434
2021-02-03$171.85$173.5016.1%4.4%16.5%17.9%16.3%-0.6%0.2%286.7M-3.15B-71.0M0.651.8353,63034,9141,927,148963,260
2021-02-04$168.28$170.0016.9%4.9%17.2%20.1%18.1%-0.3%0.2%27.9M-353.5M-68.2M0.471.28241,111112,7431,931,297970,106
2021-02-05$169.76$170.0016.3%4.8%17.7%18.4%17.7%-0.8%0.1%164.0M-2.05B-72.3M0.711.1195,17567,7462,034,5471,010,931
2021-02-08$171.76$170.0016.2%4.7%13.9%18.1%17.3%-0.6%0.3%365.8M-3.64B-73.0M0.391.0587,84034,5641,993,739984,588
2021-02-09$172.12$170.0015.8%4.6%13.9%17.1%17.2%-0.6%0.3%379.6M-3.92B-72.9M0.651.1176,38449,7612,002,524990,588
2021-02-10$172.61$170.0016.1%4.7%13.8%17.7%16.9%-0.7%0.3%412.6M-4.23B-73.3M0.791.1651,47640,6302,013,3181,005,542
2021-02-11$171.14$170.0016.1%4.7%14.1%17.7%17.1%-0.4%0.5%280.5M-2.86B-72.3M0.751.1070,17552,6002,025,8931,021,042
2021-02-12$170.57$170.0016.0%4.7%14.2%16.5%16.8%-0.3%0.6%170.7M-2.26B-71.5M0.711.0976,65954,0832,041,4261,042,577
2021-02-16$168.22$170.0017.4%5.0%14.5%20.6%18.7%0.2%0.1%72.4M-572.0M-69.1M0.540.97167,81689,7791,988,8271,014,996
2021-02-17$166.35$170.0018.2%5.2%14.6%19.6%18.9%0.5%-0.2%-19.4M691.3M-69.6M0.811.15128,686104,8282,027,6761,041,983
2021-02-18$166.33$170.0017.4%5.0%13.0%16.8%17.8%0.5%0.0%-18.9M593.5M-70.2M1.281.1263,94881,5532,067,2641,058,884
2021-02-19$166.92$170.0016.8%4.8%13.2%15.1%17.7%0.4%0.0%73.7M151.5M-70.9M0.881.1583,77273,8522,080,4841,074,328
2021-02-22$169.53$170.0016.9%4.8%14.5%12.2%17.6%-0.2%-0.1%233.7M-2.62B-73.2M0.761.2487,71467,0001,810,371977,623
2021-02-23$169.22$170.0016.0%4.6%14.5%9.5%16.7%0.4%0.0%205.6M-2.22B-72.9M0.831.4563,37852,2991,839,2111,004,619
2021-02-24$168.83$170.0015.9%4.5%14.5%9.2%16.8%0.9%-0.2%178.5M-1.83B-72.8M0.641.3286,72655,8721,851,8161,028,008
2021-02-25$166.12$170.0018.0%5.3%15.3%15.8%19.1%2.2%-0.4%48.0M-9.4M-73.2M0.871.55114,89499,6151,879,3321,045,845
2021-02-26$162.28$170.0017.8%5.2%17.0%15.1%18.9%2.7%-0.1%-101.6M2.86B-67.9M0.661.45264,132173,5771,909,6571,071,542