GLD Options History — February 2022

In February 2022, GLD traded between $168.18 and $178.21. ATM implied volatility averaged 14.8%, placing in the 41.8% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 2.5% (HV 20d: 12.3%). Max pain ranged from $168.00 to $170.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.71.

Notable Days

  • 2022-02-17: Highest Volume — 468,697 contracts
  • 2022-02-11: Largest IV spike — 17.5% change
  • 2022-02-28: Highest IV Rank — 87.3%
  • 2022-02-28: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$173.41$168.18$178.21$168.18$178.21
Max Pain$169.32$168.00$170.00$169.00$170.00
ATM IV14.8%13.0%18.1%13.6%18.1%
Expected Move4.4%3.8%5.6%4.0%5.6%
HV 20d12.3%10.5%13.6%12.5%10.5%
HV 60d11.4%11.1%12.0%11.7%11.2%
IV Rank41.8%15.5%87.3%24.6%87.3%
IV Percentile64.4%11.1%98.4%43.3%98.4%
Term Structure-0.1%-0.7%0.5%0.1%0.1%
VWIV16.1%13.4%24.3%14.6%24.3%
Skew 25d-0.7%-3.3%0.9%0.9%-3.3%
Skew 10d-0.8%-5.6%1.9%1.8%-5.6%
Call IV 25d15.9%13.1%20.6%13.9%20.6%
Put IV 25d15.2%13.9%17.3%14.8%17.3%
Bid-Ask Spread %1.701.442.522.481.48
Gamma HHI0.050.040.060.040.04
Net GEX560.5M200.3M889.8M200.3M613.3M
Net DEX-5.13B-9.24B-1.12B-1.12B-7.86B
Net VEX-51.7M-60.3M-46.0M-46.4M-60.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.301.290.850.39
Total Volume254,550.053147,729468,697147,729283,782
Total OI2,653,115.3682,328,0033,016,6272,328,0032,886,587

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-02-01$168.18$169.0013.6%4.0%12.5%24.6%14.6%0.9%0.1%200.3M-1.12B-46.4M0.852.4879,87467,8551,377,654950,349
2022-02-02$168.60$169.0013.1%3.8%12.4%17.8%13.4%0.7%0.1%261.5M-1.36B-46.0M1.292.0781,604105,2541,393,544971,119
2022-02-03$168.61$168.0013.5%4.0%12.4%22.8%14.7%0.8%0.1%245.9M-1.38B-46.5M1.291.6087,733113,5491,408,418996,134
2022-02-04$168.75$168.0013.0%3.8%11.5%15.5%13.7%0.9%0.1%261.6M-1.45B-46.3M1.161.58103,414119,8731,443,8841,024,507
2022-02-07$170.08$168.0013.6%4.0%11.8%24.1%14.6%0.6%0.4%375.6M-2.52B-47.7M0.901.5086,31877,6291,410,4931,006,371
2022-02-08$170.61$169.0013.3%3.9%11.8%19.6%14.4%0.4%0.4%439.4M-2.99B-48.0M0.961.5377,69674,9021,433,8481,043,509
2022-02-09$171.17$169.0013.0%3.9%11.1%16.1%13.9%0.5%0.5%491.2M-3.38B-47.5M0.561.56122,35168,5971,437,9691,059,491
2022-02-10$170.61$169.0013.2%3.9%11.1%18.2%14.0%0.7%0.4%397.3M-2.77B-46.9M0.841.44101,83785,0771,439,6341,071,919
2022-02-11$173.90$169.0015.5%4.5%13.0%50.7%16.3%-0.4%0.2%629.4M-5.89B-50.6M0.471.96284,970134,7411,456,4531,077,565
2022-02-14$174.87$169.0016.0%4.6%13.0%57.9%16.9%-1.2%-0.4%717.9M-6.76B-51.8M0.471.51235,567110,9101,516,7551,108,562
2022-02-15$173.05$170.0014.9%4.3%13.6%43.2%15.9%-0.8%-0.4%620.2M-5.07B-51.1M0.611.60145,23788,8951,576,9301,154,572
2022-02-16$174.72$170.0015.7%4.5%12.9%54.4%16.3%-1.3%-0.5%777.7M-7.03B-53.4M0.581.53182,612105,5671,633,4231,183,819
2022-02-17$177.16$170.0017.1%4.9%13.6%73.7%18.1%-2.3%-0.7%873.2M-9.24B-56.3M0.301.65359,856108,8411,664,7701,202,906
2022-02-18$177.00$170.0015.9%4.6%13.4%56.6%16.8%-1.8%-0.4%889.8M-9.13B-57.0M0.621.56141,99288,1401,776,8371,239,790
2022-02-22$177.47$170.0015.7%4.6%13.4%54.5%17.7%-1.7%-0.5%739.6M-7.72B-55.5M0.451.52180,67181,1901,660,8481,096,042
2022-02-23$178.01$170.0015.3%4.5%13.3%48.3%16.1%-1.5%-0.2%795.7M-8.16B-56.5M0.681.5596,40565,4991,727,8131,125,120
2022-02-24$177.02$170.0015.7%4.7%11.7%53.2%17.3%-1.7%-0.4%722.0M-7.29B-56.6M0.562.52286,827160,1491,742,2161,143,582
2022-02-25$176.68$170.0015.8%4.7%10.6%56.0%17.3%-1.9%-0.4%597.4M-6.38B-57.1M0.541.66156,37784,6601,757,2011,208,558
2022-02-28$178.21$170.0018.1%5.6%10.5%87.3%24.3%-3.3%0.1%613.3M-7.86B-60.3M0.391.48204,23179,5511,703,6551,182,932