GLD Options History — July 2021

In July 2021, GLD traded between $166.22 and $171.22. ATM implied volatility averaged 13.5%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded above realized volatility by 2.6% (HV 20d: 11.0%). Max pain ranged from $166.00 to $168.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.61.

Notable Days

  • 2021-07-29: Highest Volume — 216,275 contracts
  • 2021-07-19: Largest IV spike — 7.5% change
  • 2021-07-19: Highest IV Rank — 15.6%
  • 2021-07-19: Largest Expected Move — 4.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$169.08$166.22$171.22$166.22$169.76
Max Pain$166.38$166.00$168.00$167.00$168.00
ATM IV13.5%12.9%14.1%14.1%13.3%
Expected Move3.8%3.6%4.0%4.0%3.6%
HV 20d11.0%7.1%14.6%14.5%8.6%
HV 60d12.6%12.1%13.1%13.1%12.3%
IV Rank11.5%6.9%15.6%15.0%10.4%
IV Percentile15.6%5.6%27.4%22.6%11.1%
Term Structure0.1%-0.1%0.4%0.1%0.4%
VWIV14.0%13.0%14.7%14.3%13.0%
Skew 25d0.2%-0.5%0.9%0.9%-0.4%
Skew 10d0.6%-0.5%1.8%1.8%-0.2%
Call IV 25d14.0%13.0%14.8%14.1%13.9%
Put IV 25d14.2%13.5%15.0%15.0%13.5%
Bid-Ask Spread %2.141.602.711.782.51
Gamma HHI0.050.050.090.050.09
Net GEX332.8M156.8M520.6M156.8M457.4M
Net DEX-2.47B-4.90B-107.6M-107.6M-2.60B
Net VEX-64.5M-67.0M-61.7M-66.1M-62.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.281.830.570.51
Total Volume92,444.57139,692216,27568,006101,851
Total OI2,908,397.7622,654,4303,155,8323,072,9832,780,660

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-07-01$166.22$167.0014.1%4.0%14.5%15.0%14.3%0.9%0.1%156.8M-107.6M-66.1M0.571.7843,33224,6741,833,4201,239,563
2021-07-02$167.36$167.0013.6%3.7%14.1%12.0%13.8%0.5%0.1%334.7M-1.16B-67.0M0.761.7957,59343,9301,848,2371,250,126
2021-07-06$168.19$166.0013.8%4.0%14.2%13.5%14.3%0.3%-0.0%295.8M-1.99B-66.1M0.451.6066,64729,6741,832,0351,218,333
2021-07-07$168.86$166.0013.6%3.9%14.4%11.7%14.1%0.3%-0.0%344.9M-2.56B-65.8M0.392.3044,08317,0421,832,7471,228,525
2021-07-08$168.51$166.0014.1%4.0%14.4%15.4%14.7%0.2%-0.0%337.3M-2.34B-66.3M0.532.1843,97023,0911,845,8651,233,909
2021-07-09$169.39$166.0013.7%3.9%14.4%12.3%14.3%-0.0%0.0%380.4M-3.15B-65.9M0.551.8947,05026,0541,852,9601,240,876
2021-07-12$169.08$166.0013.7%3.9%14.1%12.4%14.3%0.2%-0.1%344.9M-2.68B-64.1M0.561.7765,98936,6721,838,7541,229,429
2021-07-13$169.12$166.0013.5%3.9%14.0%10.9%14.5%0.1%0.0%373.1M-2.86B-64.4M1.192.0341,24948,9451,858,9651,234,018
2021-07-14$170.92$166.0013.5%3.9%14.6%10.9%14.1%-0.1%0.1%520.4M-4.62B-66.0M0.462.1892,94743,0451,867,8411,253,962
2021-07-15$171.22$166.0013.5%3.9%13.7%11.0%14.3%-0.3%0.1%520.6M-4.90B-66.7M0.542.4949,43226,8291,876,7291,258,902
2021-07-16$169.50$166.0013.1%3.8%8.4%8.7%13.6%0.0%0.1%353.8M-3.10B-65.5M0.472.38101,65747,4311,886,5061,269,326
2021-07-19$169.47$166.0014.1%4.0%8.2%15.6%14.6%0.1%0.0%291.9M-2.49B-65.7M0.411.9948,62519,9951,601,6251,071,239
2021-07-20$169.31$166.0013.4%3.9%8.0%10.7%14.0%0.2%0.2%307.8M-2.31B-63.8M0.362.1359,34321,1181,612,6511,072,761
2021-07-21$168.90$167.0013.3%3.8%7.9%10.0%13.9%0.2%0.2%303.5M-2.05B-63.4M0.832.1421,92218,1911,631,6881,077,164
2021-07-22$169.08$166.0012.9%3.7%7.9%7.2%13.6%0.3%0.3%319.6M-2.11B-62.5M0.772.0747,62336,8171,635,2821,083,510
2021-07-23$168.60$166.0012.9%3.7%8.0%6.9%13.3%0.8%0.3%211.2M-1.64B-63.0M0.622.4147,64429,6301,655,3221,110,376
2021-07-26$168.28$166.0013.5%3.8%8.0%11.5%13.9%0.3%0.2%191.2M-1.44B-61.7M0.342.1029,64310,0491,577,3851,077,045
2021-07-27$168.49$167.0013.8%3.9%8.0%13.0%14.0%0.3%0.2%201.7M-1.62B-62.2M0.292.2758,48417,2471,590,0901,085,441
2021-07-28$169.21$167.0013.5%3.8%7.1%11.4%13.7%0.3%0.2%266.7M-2.18B-62.1M1.832.7147,87587,6681,587,3241,091,499
2021-07-29$171.17$167.0013.4%3.7%7.9%11.9%13.7%-0.5%0.3%474.2M-3.93B-63.1M0.282.27168,81547,4601,610,6691,093,594
2021-07-30$169.76$168.0013.3%3.6%8.6%10.4%13.0%-0.4%0.4%457.4M-2.60B-62.3M0.512.5167,24534,6061,627,1601,153,500