GLD Options History — March 2022

In March 2022, GLD traded between $178.92 and $191.40. ATM implied volatility averaged 21.1%, placing in the 60.4% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 1.6% (HV 20d: 19.5%). Max pain ranged from $170.00 to $178.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.53.

Notable Days

2022-03-07: Highest Volume — 817,208 contracts
2022-03-04: Largest IV spike — 19.2% change
2022-03-01: Highest IV Rank — 100.0%
2022-03-08: Largest Expected Move — 10.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$182.21	$178.92	$191.40	$181.59	$180.86
Max Pain	$174.78	$170.00	$178.00	$170.00	$178.00
ATM IV	21.1%	17.0%	29.5%	20.2%	17.0%
Expected Move	6.4%	5.1%	10.2%	6.5%	5.1%
HV 20d	19.5%	11.9%	23.4%	11.9%	22.3%
HV 60d	14.8%	11.7%	16.7%	11.7%	16.4%
IV Rank	60.4%	29.1%	100.0%	100.0%	29.1%
IV Percentile	96.6%	90.5%	100.0%	100.0%	90.5%
Term Structure	-0.2%	-0.7%	0.5%	0.0%	0.5%
VWIV	24.2%	19.0%	36.9%	24.6%	20.3%
Skew 25d	-4.3%	-7.8%	-2.4%	-4.0%	-2.4%
Skew 10d	-8.0%	-14.1%	-4.7%	-7.3%	-4.7%
Call IV 25d	24.4%	19.0%	35.0%	23.0%	19.0%
Put IV 25d	20.1%	16.6%	27.1%	19.0%	16.6%
Bid-Ask Spread %	2.19	1.51	3.51	1.54	2.33
Gamma HHI	0.05	0.05	0.07	0.05	0.05
Net GEX	835.5M	649.5M	1.05B	732.1M	808.1M
Net DEX	-11.19B	-20.30B	-7.11B	-10.71B	-8.92B
Net VEX	-74.3M	-83.3M	-62.4M	-62.4M	-71.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.53	0.17	0.85	0.23	0.67
Total Volume	310,441.522	142,103	817,208	426,283	197,494
Total OI	3,682,061.913	2,958,040	4,145,352	2,958,040	3,773,131

Daily Data (23 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
2022-03-01	$181.59	$170.00	20.2%	6.5%	11.9%	100.0%	24.6%	-4.0%	0.0%	732.1M	-10.71B	-62.4M	0.23	1.54	346,502	79,781	1,763,922	1,194,118
2022-03-02	$180.10	$170.00	19.9%	6.2%	12.6%	96.1%	22.2%	-2.7%	-0.5%	753.9M	-9.78B	-64.2M	0.51	1.51	156,825	80,042	1,913,911	1,217,475
2022-03-03	$181.01	$171.00	20.8%	6.6%	12.6%	100.0%	23.2%	-3.5%	-0.4%	835.8M	-10.92B	-67.2M	0.66	1.57	132,164	87,566	1,964,599	1,242,937
2022-03-04	$183.83	$171.00	24.8%	8.0%	13.2%	100.0%	30.9%	-5.2%	-0.5%	809.7M	-13.71B	-71.9M	0.20	3.02	566,687	113,668	2,002,278	1,272,577
2022-03-07	$186.40	$172.00	27.9%	9.2%	13.6%	100.0%	33.5%	-7.1%	-0.4%	794.2M	-15.71B	-77.6M	0.17	1.89	696,605	120,603	2,126,042	1,256,553
2022-03-08	$191.40	$172.00	29.5%	10.2%	15.6%	100.0%	36.9%	-7.8%	-0.6%	920.7M	-20.30B	-83.3M	0.33	2.33	563,026	185,268	2,379,847	1,293,617
2022-03-09	$185.81	$173.00	25.2%	8.6%	20.0%	75.5%	32.4%	-6.4%	-0.3%	921.3M	-15.70B	-82.8M	0.44	1.91	271,753	118,990	2,537,169	1,372,642
2022-03-10	$186.78	$174.00	23.5%	7.6%	20.0%	66.0%	27.7%	-5.6%	-0.3%	979.0M	-16.44B	-81.4M	0.57	1.62	225,950	129,045	2,567,915	1,398,766
2022-03-11	$185.45	$175.00	22.0%	7.1%	20.3%	57.2%	26.8%	-5.8%	-0.2%	937.2M	-15.22B	-80.1M	0.53	1.60	184,050	96,793	2,621,108	1,428,230
2022-03-14	$182.56	$175.00	21.6%	6.0%	20.7%	54.8%	24.0%	-4.9%	-0.7%	866.0M	-11.97B	-76.7M	0.62	2.36	141,456	87,174	2,572,257	1,383,896
2022-03-15	$178.92	$175.00	20.9%	5.8%	22.1%	50.9%	21.6%	-4.9%	-0.6%	687.5M	-8.18B	-74.6M	0.81	2.82	177,518	143,907	2,608,234	1,408,939
2022-03-16	$179.70	$175.00	19.8%	5.5%	21.7%	44.5%	21.6%	-3.8%	-0.5%	768.5M	-8.77B	-73.0M	0.64	3.51	107,488	68,964	2,660,728	1,421,880
2022-03-17	$180.85	$175.00	19.8%	5.6%	21.6%	44.7%	21.8%	-3.8%	-0.3%	857.7M	-10.25B	-72.9M	0.62	2.37	126,527	78,281	2,683,237	1,427,340
2022-03-18	$179.22	$176.00	19.1%	5.4%	21.4%	40.7%	19.6%	-3.5%	-0.6%	649.5M	-8.25B	-71.2M	0.63	2.08	161,876	101,611	2,708,437	1,436,915
2022-03-21	$181.07	$176.00	19.1%	5.4%	21.7%	40.8%	19.8%	-3.4%	-0.1%	792.8M	-8.89B	-72.4M	0.69	3.12	103,534	71,307	2,421,086	1,004,122
2022-03-22	$179.38	$177.00	17.6%	5.2%	22.0%	32.5%	19.0%	-2.8%	0.1%	731.2M	-7.11B	-69.3M	0.42	1.95	124,930	52,866	2,445,636	1,034,248
2022-03-23	$181.46	$177.00	19.6%	5.6%	22.3%	43.4%	21.6%	-4.1%	-0.2%	873.6M	-9.76B	-75.3M	0.42	2.20	149,313	63,437	2,502,463	1,051,527
2022-03-24	$183.17	$177.00	20.9%	6.0%	22.3%	51.1%	23.1%	-4.9%	-0.1%	1.04B	-11.94B	-78.7M	0.30	1.94	258,626	78,098	2,582,286	1,075,600
2022-03-25	$182.47	$177.00	20.9%	6.1%	22.4%	51.1%	25.1%	-4.3%	-0.1%	1.05B	-11.35B	-80.9M	0.69	1.86	100,758	70,008	2,689,681	1,101,322
2022-03-28	$179.02	$178.00	19.8%	5.8%	23.4%	44.6%	22.3%	-3.6%	0.2%	753.9M	-7.55B	-75.4M	0.55	2.17	136,417	74,743	2,618,958	1,060,385
2022-03-29	$179.15	$178.00	17.7%	5.2%	22.3%	32.8%	19.8%	-2.9%	0.4%	770.7M	-7.27B	-72.2M	0.58	2.48	105,497	60,904	2,637,262	1,081,259
2022-03-30	$180.57	$178.00	17.8%	5.3%	22.3%	33.8%	19.6%	-2.7%	0.4%	876.3M	-8.69B	-72.8M	0.85	2.12	76,665	65,438	2,645,847	1,097,042
2022-03-31	$180.86	$178.00	17.0%	5.1%	22.3%	29.1%	20.3%	-2.4%	0.5%	808.1M	-8.92B	-71.6M	0.67	2.33	118,044	79,450	2,655,333	1,117,798