GLD Options History — May 2022

In May 2022, GLD traded between $168.63 and $175.86. ATM implied volatility averaged 16.6%, placing in the 24.2% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 2.3% (HV 20d: 14.3%). Max pain ranged from $174.00 to $180.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.96.

Notable Days

2022-05-19: Highest Volume — 337,004 contracts
2022-05-09: Largest IV spike — 8.4% change
2022-05-12: Highest IV Rank — 33.7%
2022-05-12: Largest Expected Move — 5.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$172.45	$168.63	$175.86	$173.77	$171.43
Max Pain	$176.24	$174.00	$180.00	$180.00	$175.00
ATM IV	16.6%	14.4%	18.2%	17.4%	14.4%
Expected Move	4.8%	4.2%	5.3%	5.2%	4.2%
HV 20d	14.3%	13.0%	15.7%	13.1%	13.3%
HV 60d	16.8%	16.2%	17.2%	16.8%	16.2%
IV Rank	24.2%	11.3%	33.7%	28.9%	11.3%
IV Percentile	83.3%	58.7%	92.5%	90.9%	58.7%
Term Structure	0.1%	-0.4%	0.3%	0.0%	0.0%
VWIV	17.7%	15.1%	19.2%	19.0%	15.1%
Skew 25d	-0.3%	-1.1%	1.0%	-0.8%	-0.5%
Skew 10d	-0.4%	-2.4%	2.5%	-2.1%	-0.4%
Call IV 25d	17.4%	15.2%	18.5%	18.3%	15.2%
Put IV 25d	17.1%	14.7%	19.4%	17.6%	14.7%
Bid-Ask Spread %	2.05	1.55	3.17	2.10	1.95
Gamma HHI	0.04	0.03	0.12	0.03	0.04
Net GEX	81.5M	-198.1M	329.3M	115.7M	49.8M
Net DEX	140.7M	-2.54B	3.89B	-328.3M	-129.3M
Net VEX	-59.3M	-64.0M	-54.0M	-61.9M	-54.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.96	0.59	1.86	0.65	0.73
Total Volume	180,605.048	105,520	337,004	321,401	116,018
Total OI	3,651,923.476	3,392,172	3,984,690	3,494,436	3,458,705

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
2022-05-02	$173.77	$180.00	17.4%	5.2%	13.1%	28.9%	19.0%	-0.8%	0.0%	115.7M	-328.3M	-61.9M	0.65	2.10	194,900	126,501	2,341,051	1,153,385
2022-05-03	$174.12	$180.00	16.8%	5.0%	13.0%	25.3%	18.6%	-0.9%	0.2%	173.5M	-791.7M	-63.6M	1.35	1.93	76,238	102,765	2,399,841	1,173,808
2022-05-04	$175.86	$180.00	16.2%	4.8%	13.7%	21.7%	17.2%	-1.1%	0.1%	268.5M	-2.17B	-63.7M	1.86	3.17	63,412	117,890	2,417,635	1,187,296
2022-05-05	$175.36	$174.00	16.5%	4.9%	13.7%	23.7%	17.5%	-0.8%	0.2%	253.1M	-1.74B	-64.0M	0.85	1.91	107,489	91,263	2,433,789	1,207,196
2022-05-06	$175.77	$175.00	16.4%	4.8%	13.6%	22.8%	18.2%	-0.7%	0.3%	273.0M	-1.97B	-63.9M	1.03	2.04	74,975	77,529	2,433,046	1,218,434
2022-05-09	$172.92	$175.00	17.8%	5.2%	14.2%	30.9%	18.6%	-0.2%	0.3%	110.3M	128.9M	-61.2M	1.41	2.07	85,481	120,646	2,402,135	1,195,452
2022-05-10	$171.62	$175.00	17.1%	5.0%	14.1%	26.9%	18.2%	0.1%	0.3%	-55.3M	1.43B	-58.3M	0.81	2.13	96,545	78,444	2,407,194	1,250,202
2022-05-11	$172.96	$175.00	17.2%	5.0%	14.1%	27.8%	19.2%	0.1%	0.3%	20.9M	388.5M	-60.0M	0.98	1.93	144,762	141,475	2,451,580	1,265,733
2022-05-12	$170.16	$177.00	18.2%	5.3%	14.7%	33.7%	19.2%	0.9%	0.2%	-144.0M	2.72B	-59.5M	1.03	2.14	104,863	107,919	2,478,508	1,293,365
2022-05-13	$168.63	$177.00	17.9%	5.2%	14.7%	31.7%	18.9%	1.0%	0.3%	-158.1M	3.89B	-58.0M	0.98	1.69	91,015	89,374	2,523,018	1,336,861
2022-05-16	$170.17	$177.00	17.9%	5.2%	15.3%	31.9%	18.7%	0.3%	-0.4%	-105.5M	2.48B	-58.5M	1.08	1.55	61,114	66,088	2,511,310	1,315,035
2022-05-17	$169.49	$176.00	17.0%	4.9%	14.6%	26.6%	18.1%	0.4%	-0.2%	-181.3M	3.30B	-54.8M	0.90	1.80	72,507	65,045	2,528,647	1,327,464
2022-05-18	$169.44	$176.00	17.0%	4.9%	14.3%	26.1%	17.6%	0.1%	-0.3%	-198.1M	3.02B	-55.9M	0.74	1.92	70,743	52,590	2,543,560	1,329,034
2022-05-19	$171.90	$175.00	17.2%	4.9%	15.7%	27.8%	18.6%	-0.6%	-0.1%	63.7M	760.8M	-58.5M	1.01	2.69	167,621	169,383	2,565,902	1,333,990
2022-05-20	$171.97	$176.00	16.6%	4.8%	15.6%	24.0%	17.4%	-0.6%	-0.1%	-98.0M	933.2M	-59.1M	0.68	1.84	102,882	69,606	2,633,040	1,351,650
2022-05-23	$172.86	$176.00	16.7%	4.8%	14.6%	24.8%	17.9%	-1.0%	0.0%	247.9M	-1.75B	-58.8M	0.69	2.15	62,416	43,104	2,252,961	1,139,211
2022-05-24	$174.07	$176.00	16.1%	4.6%	14.9%	20.9%	17.1%	-1.1%	0.1%	329.3M	-2.54B	-59.6M	0.59	1.99	109,244	64,047	2,267,027	1,147,112
2022-05-25	$173.14	$176.00	15.3%	4.4%	14.7%	16.5%	15.7%	-0.8%	0.1%	277.5M	-1.80B	-58.2M	0.80	1.89	81,635	65,006	2,287,466	1,155,962
2022-05-26	$172.81	$175.00	14.7%	4.2%	14.6%	13.1%	15.3%	-0.4%	0.1%	252.8M	-1.40B	-57.0M	1.30	2.33	55,947	72,829	2,304,682	1,168,895
2022-05-27	$172.90	$175.00	14.5%	4.2%	14.6%	12.0%	15.6%	-0.6%	0.2%	216.4M	-1.47B	-57.5M	0.77	1.79	74,083	57,312	2,314,900	1,184,311
2022-05-31	$171.43	$175.00	14.4%	4.2%	13.3%	11.3%	15.1%	-0.5%	0.0%	49.8M	-129.3M	-54.0M	0.73	1.95	67,113	48,905	2,288,889	1,169,816