GLD Options History — November 2021

In November 2021, GLD traded between $165.56 and $174.40. ATM implied volatility averaged 14.4%, placing in the 31.3% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 2.7% (HV 20d: 11.8%). Max pain ranged from $166.00 to $170.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.88.

Notable Days

2021-11-10: Highest Volume — 230,337 contracts
2021-11-05: Largest IV spike — 7.7% change
2021-11-26: Highest IV Rank — 40.6%
2021-11-30: Largest Expected Move — 4.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$170.04	$165.56	$174.40	$167.52	$165.56
Max Pain	$169.05	$166.00	$170.00	$166.00	$169.00
ATM IV	14.4%	13.6%	15.2%	14.0%	15.1%
Expected Move	4.3%	4.0%	4.8%	4.1%	4.8%
HV 20d	11.8%	9.5%	13.6%	11.2%	13.3%
HV 60d	12.7%	12.4%	13.2%	13.0%	13.0%
IV Rank	31.3%	20.9%	40.6%	24.3%	39.4%
IV Percentile	56.0%	29.4%	68.7%	45.2%	68.7%
Term Structure	0.0%	-0.5%	0.3%	0.1%	-0.0%
VWIV	15.5%	14.6%	17.5%	14.9%	17.5%
Skew 25d	-0.2%	-1.4%	0.9%	0.2%	0.9%
Skew 10d	0.2%	-1.9%	2.4%	0.9%	2.4%
Call IV 25d	15.1%	14.1%	15.9%	14.4%	15.2%
Put IV 25d	14.9%	14.0%	16.4%	14.7%	16.2%
Bid-Ask Spread %	1.83	1.46	2.91	1.73	1.79
Gamma HHI	0.05	0.04	0.10	0.04	0.04
Net GEX	266.9M	-90.0M	501.1M	199.8M	64.4M
Net DEX	-2.52B	-5.81B	933.7M	-984.4M	933.7M
Net VEX	-48.3M	-50.7M	-45.0M	-47.8M	-45.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.88	0.59	1.25	0.91	1.07
Total Volume	158,353.048	97,100	230,337	113,778	165,061
Total OI	2,678,952.905	2,526,892	2,902,936	2,543,656	2,575,578

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
2021-11-01	$167.52	$166.00	14.0%	4.1%	11.2%	24.3%	14.9%	0.2%	0.1%	199.8M	-984.4M	-47.8M	0.91	1.73	59,677	54,101	1,418,424	1,125,232
2021-11-02	$167.09	$166.00	14.1%	4.2%	11.1%	25.3%	14.9%	0.2%	0.1%	164.0M	-644.2M	-47.6M	1.25	1.85	43,230	53,870	1,428,788	1,134,947
2021-11-03	$165.86	$166.00	13.9%	4.1%	11.4%	23.7%	14.8%	0.1%	0.2%	82.7M	235.4M	-46.3M	0.66	2.30	92,223	60,560	1,441,061	1,140,701
2021-11-04	$167.63	$169.00	13.6%	4.0%	11.8%	20.9%	15.2%	-0.1%	0.1%	235.8M	-1.21B	-47.1M	0.91	1.86	73,600	66,997	1,461,127	1,151,677
2021-11-05	$169.89	$169.00	14.6%	4.3%	12.6%	33.9%	15.8%	-1.4%	0.2%	306.2M	-3.08B	-50.0M	0.76	2.15	130,766	99,328	1,479,354	1,171,146
2021-11-08	$170.53	$169.00	14.4%	4.2%	12.6%	31.3%	15.4%	-0.8%	0.2%	365.4M	-3.19B	-48.5M	0.70	1.56	110,041	77,366	1,472,232	1,155,032
2021-11-09	$171.14	$169.00	14.4%	4.2%	12.6%	31.5%	15.6%	-0.8%	0.3%	397.5M	-3.55B	-50.1M	1.01	1.58	64,850	65,557	1,505,022	1,195,571
2021-11-10	$172.81	$170.00	14.4%	4.2%	11.6%	31.4%	15.2%	-0.7%	0.3%	485.8M	-4.88B	-50.4M	0.68	1.68	137,417	92,920	1,517,001	1,204,500
2021-11-11	$174.03	$170.00	14.7%	4.3%	11.7%	34.5%	15.5%	-0.8%	0.2%	501.1M	-5.66B	-50.5M	0.73	1.49	92,915	68,125	1,537,521	1,239,986
2021-11-12	$174.25	$170.00	14.6%	4.3%	9.5%	34.1%	16.0%	-0.7%	0.3%	433.0M	-5.81B	-50.7M	0.90	1.74	100,900	90,463	1,565,533	1,256,290
2021-11-15	$174.09	$170.00	14.8%	4.2%	9.5%	35.7%	15.7%	-0.9%	-0.1%	444.4M	-5.46B	-49.8M	0.76	1.83	78,491	59,751	1,548,698	1,230,774
2021-11-16	$172.92	$170.00	14.6%	4.2%	10.1%	33.6%	15.1%	-0.6%	-0.2%	400.4M	-4.54B	-49.2M	0.83	1.58	84,796	70,575	1,565,311	1,240,260
2021-11-17	$174.40	$170.00	14.5%	4.2%	10.1%	32.6%	15.3%	-0.8%	-0.1%	475.7M	-5.72B	-49.4M	0.94	1.50	81,848	77,266	1,579,725	1,262,109
2021-11-18	$173.78	$170.00	14.2%	4.1%	10.3%	28.6%	14.7%	-0.5%	-0.1%	425.7M	-5.20B	-50.0M	1.14	1.46	58,902	67,085	1,598,782	1,284,480
2021-11-19	$172.59	$170.00	13.8%	4.0%	10.6%	24.0%	14.6%	-0.0%	-0.1%	364.1M	-4.21B	-49.4M	0.89	1.55	87,985	78,157	1,612,981	1,289,955
2021-11-22	$168.66	$170.00	14.2%	4.2%	13.5%	29.0%	15.1%	0.6%	-0.3%	110.0M	-605.6M	-47.0M	0.91	1.94	104,031	94,958	1,448,630	1,078,262
2021-11-23	$167.40	$170.00	14.6%	4.3%	13.6%	33.3%	15.4%	0.7%	-0.2%	52.7M	101.4M	-46.6M	0.59	1.94	115,302	67,779	1,471,312	1,086,125
2021-11-24	$167.09	$169.00	14.4%	4.3%	13.6%	31.3%	15.4%	0.8%	-0.3%	69.1M	233.6M	-46.6M	0.88	1.87	76,180	66,710	1,499,273	1,099,859
2021-11-26	$166.98	$169.00	15.2%	4.7%	13.6%	40.6%	16.8%	0.7%	-0.5%	-90.0M	147.5M	-47.0M	0.89	2.91	62,189	55,490	1,520,854	1,118,883
2021-11-29	$166.66	$169.00	15.0%	4.7%	13.3%	37.9%	17.0%	0.6%	0.0%	117.0M	178.8M	-45.7M	1.09	2.21	65,964	71,988	1,485,144	1,059,871
2021-11-30	$165.56	$169.00	15.1%	4.8%	13.3%	39.4%	17.5%	0.9%	-0.0%	64.4M	933.7M	-45.0M	1.07	1.79	79,574	85,487	1,502,124	1,073,454