GLD Options History — December 2022

In December 2022, GLD traded between $164.49 and $169.59. ATM implied volatility averaged 13.9%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 2.0% (HV 20d: 16.0%). Max pain ranged from $160.00 to $165.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.70.

Notable Days

  • 2022-12-15: Highest Volume — 185,911 contracts
  • 2022-12-27: Largest IV spike — 8.0% change
  • 2022-12-12: Highest IV Rank — 13.4%
  • 2022-12-01: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$167.26$164.49$169.59$167.80$169.59
Max Pain$164.57$160.00$165.00$160.00$165.00
ATM IV13.9%13.1%14.8%14.1%14.7%
Expected Move4.1%3.8%4.5%4.5%4.2%
HV 20d16.0%12.6%18.4%18.4%15.5%
HV 60d17.0%16.3%17.5%17.0%16.3%
IV Rank8.5%3.2%13.4%9.2%13.1%
IV Percentile19.9%6.3%32.9%21.8%31.3%
Term Structure0.3%-0.1%0.7%-0.1%0.6%
VWIV14.6%13.3%15.9%15.9%14.8%
Skew 25d0.1%-0.2%0.5%-0.1%0.2%
Skew 10d0.2%-0.4%0.9%0.3%0.2%
Call IV 25d14.3%13.2%15.4%14.5%14.7%
Put IV 25d14.3%13.7%15.5%14.4%14.9%
Bid-Ask Spread %2.141.293.921.493.40
Gamma HHI0.050.040.090.050.09
Net GEX327.4M174.5M434.7M390.9M415.5M
Net DEX-4.25B-5.68B-2.73B-5.47B-5.12B
Net VEX-38.1M-40.2M-35.8M-37.0M-38.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.411.140.450.63
Total Volume102,495.47659,275185,911179,21460,670
Total OI2,681,9912,415,6302,969,9722,647,1642,620,503

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-12-01$167.80$160.0014.1%4.5%18.4%9.2%15.9%-0.1%-0.1%390.9M-5.47B-37.0M0.451.49123,18656,0281,751,387895,777
2022-12-02$167.31$161.0013.6%4.3%18.2%6.4%15.4%0.0%0.1%359.0M-4.95B-36.4M0.761.3057,42843,5511,770,403916,277
2022-12-05$164.49$165.0013.9%4.1%17.3%8.4%15.1%0.3%0.5%285.7M-2.93B-35.8M0.421.4658,69124,6601,768,828905,531
2022-12-06$164.84$165.0014.1%4.2%17.2%9.1%15.3%0.4%0.4%298.7M-3.15B-36.5M0.781.5247,20437,0361,779,707916,746
2022-12-07$166.34$165.0014.3%4.2%15.8%10.5%14.8%-0.2%0.5%334.5M-4.19B-36.9M0.531.4598,75652,5471,794,742940,298
2022-12-08$166.41$165.0014.3%4.2%15.7%10.7%15.2%-0.2%0.5%374.0M-4.39B-38.2M0.411.9455,27222,5621,857,697961,211
2022-12-09$167.19$165.0014.2%4.2%12.6%10.0%15.4%-0.1%0.5%434.7M-5.03B-38.6M0.441.5691,86540,6971,883,897969,807
2022-12-12$165.63$165.0014.8%4.2%12.9%13.4%15.2%0.1%-0.1%345.8M-3.55B-37.7M0.701.8137,16026,1781,867,586958,285
2022-12-13$168.59$165.0014.1%4.1%14.2%9.1%14.8%-0.1%0.0%423.3M-5.68B-38.2M0.861.5552,46644,9521,873,035976,735
2022-12-14$168.22$165.0013.3%3.8%14.2%4.8%13.8%0.0%0.0%412.2M-5.26B-37.4M0.751.6544,53533,2871,876,056999,695
2022-12-15$165.44$165.0013.5%3.9%15.5%5.7%13.8%0.5%0.0%290.3M-3.13B-36.8M1.071.4389,95095,9611,899,1451,012,387
2022-12-16$166.94$165.0013.1%3.8%15.5%3.2%13.4%0.4%0.2%174.5M-4.40B-38.5M0.531.4993,51749,7301,928,2781,041,694
2022-12-19$166.34$165.0013.3%3.8%15.4%4.9%13.5%0.4%0.4%190.8M-2.73B-37.2M1.141.5739,48145,0641,579,399836,231
2022-12-20$169.19$165.0013.8%3.9%16.1%7.3%14.2%-0.0%0.2%347.3M-5.08B-39.8M0.641.5885,64854,7171,607,280860,524
2022-12-21$168.80$165.0013.4%3.8%16.2%5.4%13.3%-0.1%0.3%333.3M-4.68B-40.2M0.861.2931,85227,4231,622,677887,805
2022-12-22$166.75$165.0013.5%3.9%16.8%6.0%13.9%0.1%0.4%203.1M-3.06B-39.5M0.723.7255,63139,9401,629,981896,866
2022-12-23$167.16$165.0013.5%3.8%16.8%6.0%13.7%0.0%0.3%311.8M-3.46B-39.8M0.573.7938,78222,2751,647,304903,516
2022-12-27$168.75$165.0014.6%4.2%16.9%12.3%15.5%-0.0%0.5%329.4M-4.55B-39.2M0.543.6288,34547,7211,628,901886,515
2022-12-28$167.82$165.0014.4%4.1%17.1%11.0%14.4%0.1%0.7%277.7M-3.83B-39.1M1.033.9232,82533,8551,667,874908,501
2022-12-29$168.84$165.0014.4%4.1%16.7%11.3%14.7%0.0%0.6%342.6M-4.63B-38.9M0.873.4637,87033,0871,679,930912,800
2022-12-30$169.59$165.0014.7%4.2%15.5%13.1%14.8%0.2%0.6%415.5M-5.12B-38.7M0.633.4037,28423,3861,691,427929,076