GLD Options History — April 2021

In April 2021, GLD traded between $161.89 and $168.11. ATM implied volatility averaged 13.1%, placing in the 4.2% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded below realized volatility by 0.1% (HV 20d: 13.2%). Max pain ranged from $161.00 to $165.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.60.

Notable Days

2021-04-15: Highest Volume — 183,150 contracts
2021-04-27: Largest IV drop — 6.7% change
2021-04-21: Highest IV Rank — 11.1%
2021-04-05: Largest Expected Move — 4.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$164.90	$161.89	$168.11	$162.01	$165.53
Max Pain	$163.00	$161.00	$165.00	$162.00	$165.00
ATM IV	13.1%	11.9%	14.3%	13.8%	11.9%
Expected Move	3.8%	3.3%	4.2%	3.8%	3.3%
HV 20d	13.2%	10.5%	14.2%	14.0%	10.5%
HV 60d	14.7%	14.2%	15.9%	15.9%	14.3%
IV Rank	4.2%	0.0%	11.1%	5.9%	0.0%
IV Percentile	2.6%	0.0%	7.9%	2.8%	0.0%
Term Structure	0.1%	-0.1%	0.2%	0.2%	0.1%
VWIV	13.6%	12.2%	15.2%	13.8%	12.2%
Skew 25d	0.2%	-0.6%	1.1%	1.1%	0.4%
Skew 10d	1.3%	0.1%	2.6%	2.2%	2.6%
Call IV 25d	13.5%	12.1%	14.9%	13.8%	12.1%
Put IV 25d	13.7%	12.5%	15.3%	14.8%	12.6%
Bid-Ask Spread %	2.29	1.93	2.94	2.03	2.46
Gamma HHI	0.05	0.04	0.07	0.04	0.05
Net GEX	319.5M	180.0M	506.1M	191.5M	242.5M
Net DEX	-1.72B	-3.81B	57.0M	-204.5M	-1.37B
Net VEX	-63.3M	-66.8M	-59.8M	-62.6M	-61.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.33	1.03	0.44	0.91
Total Volume	97,855.81	28,327	183,150	139,385	89,191
Total OI	2,764,586.429	2,658,636	2,907,987	2,666,763	2,870,906

Daily Data (21 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
2021-04-01	$162.01	$162.00	13.8%	3.8%	14.0%	5.9%	13.8%	1.1%	0.2%	191.5M	-204.5M	-62.6M	0.44	2.03	96,842	42,543	1,657,136	1,009,627
2021-04-05	$161.89	$161.00	14.3%	4.2%	14.0%	8.5%	14.8%	0.8%	0.2%	180.0M	-105.8M	-61.1M	0.40	1.93	20,260	8,067	1,655,856	1,002,780
2021-04-06	$163.15	$161.00	14.2%	4.1%	13.7%	8.2%	15.2%	0.6%	0.1%	272.5M	-932.2M	-62.8M	0.52	2.02	64,892	34,060	1,669,788	1,006,596
2021-04-07	$162.65	$161.00	13.5%	3.9%	11.9%	4.6%	14.0%	0.6%	0.2%	251.3M	-536.1M	-62.1M	0.83	2.25	42,168	34,981	1,690,339	1,025,344
2021-04-08	$164.33	$162.00	13.1%	3.8%	12.3%	2.2%	14.1%	0.3%	0.1%	382.3M	-1.70B	-63.3M	0.38	2.50	91,209	34,581	1,701,444	1,045,229
2021-04-09	$163.28	$162.00	12.8%	3.7%	12.6%	0.8%	13.7%	0.6%	0.1%	302.0M	-749.0M	-62.4M	0.40	2.29	75,078	30,332	1,709,913	1,060,036
2021-04-12	$162.22	$162.00	12.8%	3.7%	12.8%	1.2%	13.3%	0.8%	0.1%	187.2M	57.0M	-60.0M	0.36	2.94	65,108	23,185	1,712,744	1,042,067
2021-04-13	$163.46	$162.00	12.4%	3.6%	13.0%	0.0%	12.8%	0.7%	0.1%	308.8M	-781.6M	-61.3M	0.93	2.15	65,349	60,741	1,724,068	1,050,826
2021-04-14	$162.67	$163.00	12.5%	3.6%	13.1%	0.9%	13.0%	0.6%	0.0%	231.2M	-147.7M	-59.8M	1.03	2.32	44,054	45,383	1,742,145	1,064,164
2021-04-15	$165.28	$163.00	13.2%	3.8%	14.0%	5.7%	13.7%	0.1%	0.0%	490.3M	-2.28B	-63.1M	0.42	2.52	128,651	54,499	1,756,368	1,093,470
2021-04-16	$166.31	$163.00	13.1%	3.8%	13.9%	5.0%	13.8%	-0.1%	0.1%	506.1M	-3.31B	-65.2M	0.48	2.12	103,914	49,897	1,795,650	1,112,337
2021-04-19	$165.86	$164.00	13.6%	3.9%	13.9%	8.3%	14.2%	-0.1%	0.1%	303.6M	-2.21B	-65.0M	0.84	2.28	37,715	31,700	1,639,977	1,019,014
2021-04-20	$166.57	$164.00	13.2%	3.8%	14.0%	5.7%	13.8%	-0.3%	0.1%	345.5M	-2.67B	-64.9M	0.82	2.09	34,960	28,605	1,650,836	1,043,902
2021-04-21	$168.11	$164.00	14.0%	4.0%	13.9%	11.1%	14.6%	-0.6%	-0.1%	408.3M	-3.81B	-66.8M	0.33	2.05	99,561	32,817	1,663,264	1,061,803
2021-04-22	$167.03	$164.00	13.6%	3.9%	14.2%	8.5%	14.0%	-0.4%	0.1%	385.5M	-3.19B	-66.2M	0.55	2.39	63,551	35,109	1,702,093	1,071,971
2021-04-23	$166.39	$164.00	13.3%	3.8%	14.2%	6.3%	13.8%	-0.5%	0.0%	332.3M	-2.60B	-65.6M	0.46	2.14	68,454	31,451	1,712,639	1,088,878
2021-04-26	$166.85	$164.00	13.1%	3.7%	14.2%	4.8%	13.5%	-0.3%	-0.1%	345.4M	-2.67B	-64.6M	0.55	2.28	24,786	13,610	1,697,665	1,067,427
2021-04-27	$166.39	$164.00	12.2%	3.5%	13.4%	0.0%	13.0%	-0.0%	-0.0%	334.7M	-2.28B	-63.3M	0.52	2.32	47,396	24,871	1,707,486	1,075,791
2021-04-28	$166.81	$164.00	12.1%	3.4%	11.6%	0.0%	12.9%	-0.1%	0.0%	371.0M	-2.56B	-63.3M	0.74	2.85	34,747	25,856	1,722,071	1,091,771
2021-04-29	$166.19	$164.00	11.9%	3.4%	11.0%	0.0%	12.2%	0.1%	0.0%	337.2M	-2.00B	-62.7M	0.68	2.25	68,297	46,501	1,734,453	1,106,441
2021-04-30	$165.53	$165.00	11.9%	3.3%	10.5%	0.0%	12.2%	0.4%	0.1%	242.5M	-1.37B	-61.9M	0.91	2.46	46,810	42,381	1,748,055	1,122,851