GLD Options History — May 2021

In May 2021, GLD traded between $166.42 and $178.31. ATM implied volatility averaged 13.8%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 2.3% (HV 20d: 11.5%). Max pain ranged from $165.00 to $170.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.46.

Notable Days

  • 2021-05-19: Highest Volume — 352,195 contracts
  • 2021-05-17: Largest IV spike — 6.6% change
  • 2021-05-19: Highest IV Rank — 21.3%
  • 2021-05-19: Largest Expected Move — 4.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$173.29$166.42$178.31$167.85$178.31
Max Pain$168.15$165.00$170.00$165.00$170.00
ATM IV13.8%12.7%15.0%12.8%13.5%
Expected Move4.0%3.7%4.3%3.7%3.8%
HV 20d11.5%10.5%12.5%11.4%10.5%
HV 60d13.5%11.8%14.3%13.9%11.8%
IV Rank13.5%5.8%21.3%6.3%11.2%
IV Percentile12.4%2.8%20.6%3.2%9.5%
Term Structure0.1%-0.1%0.4%0.1%-0.1%
VWIV14.8%13.7%16.1%13.7%13.9%
Skew 25d-0.7%-1.5%-0.0%-0.4%-0.9%
Skew 10d0.1%-1.3%1.2%-0.3%-0.4%
Call IV 25d14.7%13.4%16.3%13.5%14.5%
Put IV 25d14.0%13.0%14.9%13.0%13.6%
Bid-Ask Spread %1.931.482.702.521.74
Gamma HHI0.080.050.120.060.07
Net GEX645.6M320.9M882.3M393.9M783.5M
Net DEX-7.47B-10.21B-2.23B-3.34B-10.21B
Net VEX-69.1M-72.0M-63.7M-64.3M-71.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.310.920.320.41
Total Volume163,202.7558,528352,195143,117139,313
Total OI3,129,292.22,841,9503,382,2042,841,9503,295,803

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-05-03$167.85$165.0012.8%3.7%11.4%6.3%13.7%-0.4%0.1%393.9M-3.34B-64.3M0.322.52108,79234,3251,729,4961,112,454
2021-05-04$166.42$165.0012.9%3.8%11.7%7.3%13.7%-0.0%0.1%320.9M-2.23B-63.7M0.372.70106,82739,8991,756,3901,124,578
2021-05-05$167.24$165.0012.7%3.7%11.7%5.8%14.3%-0.3%0.1%428.1M-3.03B-64.3M0.452.2840,34118,1871,792,8671,140,776
2021-05-06$170.00$166.0013.4%4.0%12.5%10.8%15.2%-0.3%0.1%625.5M-5.60B-66.4M0.421.89148,03562,9091,812,6311,145,790
2021-05-07$171.56$167.0013.3%4.0%12.4%10.1%14.3%-0.3%0.3%657.2M-6.60B-68.2M0.441.81164,58972,4811,826,6871,176,157
2021-05-10$172.11$167.0013.9%4.1%11.9%14.1%15.5%-0.7%0.3%571.8M-6.62B-67.1M0.341.91105,83135,6791,786,3001,165,909
2021-05-11$172.08$168.0013.8%4.0%11.8%13.1%14.7%-0.6%0.2%609.2M-6.58B-68.1M0.541.93111,93460,3931,838,4781,180,710
2021-05-12$170.43$168.0014.3%4.2%12.3%16.8%15.2%-0.1%0.2%514.6M-5.30B-68.8M0.562.03103,40757,8461,874,0431,225,543
2021-05-13$171.12$168.0014.0%4.0%11.3%14.3%15.0%-0.3%0.2%566.7M-5.90B-69.7M0.921.9872,54466,5331,887,2801,252,226
2021-05-14$172.58$168.0013.6%4.0%11.4%11.7%14.9%-0.5%0.4%882.3M-7.34B-70.3M0.361.96116,54442,5051,915,2361,292,611
2021-05-17$174.76$168.0014.5%4.2%11.9%17.9%15.6%-1.5%-0.0%768.5M-9.40B-70.2M0.601.65170,306102,6911,915,7611,262,463
2021-05-18$175.10$169.0014.1%4.0%11.9%15.0%15.4%-1.0%0.2%790.1M-9.54B-71.4M0.431.8567,33228,6401,939,4611,309,059
2021-05-19$175.15$169.0015.0%4.3%11.6%21.3%16.1%-1.4%-0.0%753.0M-9.65B-71.0M0.501.99234,130118,0651,946,3421,319,848
2021-05-20$175.78$170.0014.5%4.2%11.2%18.3%15.3%-1.1%0.2%715.6M-9.91B-72.0M0.371.9980,29429,3141,965,7021,398,362
2021-05-21$176.00$170.0013.9%4.0%10.9%13.7%14.4%-1.0%0.1%833.6M-9.99B-71.1M0.551.8086,84347,7221,970,6891,411,515
2021-05-24$176.31$170.0014.2%4.1%11.0%16.0%14.7%-1.1%-0.1%584.7M-8.68B-70.3M0.361.7669,19724,9021,836,0091,291,460
2021-05-25$177.86$170.0014.4%4.1%10.9%17.1%14.9%-1.1%-0.0%684.2M-9.97B-71.0M0.311.80172,75054,2381,860,0551,299,458
2021-05-26$177.47$170.0014.4%4.1%11.1%17.2%15.1%-0.9%-0.1%708.9M-9.74B-71.4M0.551.4895,83652,7901,924,3821,319,541
2021-05-27$177.75$170.0013.7%3.9%10.8%12.3%14.1%-0.7%0.1%719.4M-9.80B-71.0M0.421.6284,57835,5131,932,7701,351,002
2021-05-28$178.31$170.0013.5%3.8%10.5%11.2%13.9%-0.9%-0.1%783.5M-10.21B-71.0M0.411.7498,49240,8211,932,9651,362,838