GLD Options History — January 2023

In January 2023, GLD traded between $170.62 and $181.00. ATM implied volatility averaged 14.8%, placing in the 12.3% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 1.0% (HV 20d: 13.8%). Max pain ranged from $165.00 to $175.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.71.

Notable Days

  • 2023-01-13: Highest Volume — 217,918 contracts
  • 2023-01-26: Largest IV drop — 3.6% change
  • 2023-01-03: Highest IV Rank — 19.7%
  • 2023-01-04: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$176.88$170.62$181.00$170.91$179.30
Max Pain$171.70$165.00$175.00$165.00$175.00
ATM IV14.8%13.7%15.9%15.9%14.1%
Expected Move4.3%4.0%4.5%4.5%4.3%
HV 20d13.8%11.6%15.9%15.6%12.0%
HV 60d15.9%15.5%16.3%16.3%15.5%
IV Rank12.3%4.5%19.7%19.7%7.0%
IV Percentile28.4%8.7%49.6%49.6%15.5%
Term Structure-0.0%-0.3%0.4%-0.0%-0.1%
VWIV15.4%14.5%16.2%15.9%15.5%
Skew 25d-0.3%-0.6%0.0%-0.0%-0.1%
Skew 10d-0.3%-1.0%0.3%0.0%-0.1%
Call IV 25d15.3%14.2%16.3%16.3%14.5%
Put IV 25d15.0%13.9%16.3%16.3%14.4%
Bid-Ask Spread %3.923.214.834.214.39
Gamma HHI0.070.050.140.060.06
Net GEX454.5M321.1M674.5M382.0M365.6M
Net DEX-8.02B-11.37B-5.12B-5.63B-6.78B
Net VEX-40.0M-42.2M-38.5M-38.5M-42.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.331.480.330.51
Total Volume128,730.7573,778217,918188,78788,911
Total OI2,274,2841,583,1362,792,6262,418,0761,709,059

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$170.91$165.0015.9%4.5%15.6%19.7%15.9%-0.0%-0.0%382.0M-5.63B-38.5M0.334.21142,32846,4591,580,096837,980
2023-01-04$172.41$165.0015.8%4.5%14.3%19.6%16.2%0.0%-0.1%424.5M-6.57B-39.1M0.904.0986,03577,7031,593,179862,210
2023-01-05$170.62$171.0015.4%4.4%15.0%17.1%15.9%0.0%-0.0%321.1M-5.12B-38.9M0.713.2875,26253,3801,610,939898,121
2023-01-06$173.75$171.0015.0%4.4%15.9%14.9%15.5%-0.2%-0.1%471.1M-7.65B-39.3M0.433.21149,90464,2081,633,863901,198
2023-01-09$174.03$172.0015.2%4.4%15.9%16.0%15.7%-0.3%0.2%474.4M-7.47B-40.1M0.563.3689,06749,7101,641,280895,756
2023-01-10$174.65$172.0014.8%4.3%15.9%13.5%15.7%-0.3%0.4%445.8M-7.97B-40.3M0.373.5977,17428,3651,653,825920,081
2023-01-11$174.64$172.0014.7%4.3%15.3%13.1%15.3%-0.4%0.2%479.1M-8.06B-40.3M0.653.5371,14046,5691,683,183934,666
2023-01-12$176.45$172.0014.3%4.2%14.6%10.4%15.0%-0.3%0.3%555.8M-9.53B-40.3M0.693.6285,34258,8671,695,788952,034
2023-01-13$178.68$172.0014.5%4.2%14.9%12.0%15.8%-0.6%0.4%638.5M-11.23B-40.3M0.813.95120,08397,8351,707,477972,932
2023-01-17$177.53$172.0015.0%4.3%13.5%14.7%15.2%-0.5%-0.3%504.1M-9.77B-39.7M0.694.8359,71641,0611,696,533973,140
2023-01-18$177.11$172.0014.8%4.3%13.5%13.7%15.2%-0.2%-0.3%460.3M-9.35B-39.7M0.854.3844,76638,0281,714,105989,319
2023-01-19$179.70$172.0015.2%4.4%13.8%14.3%15.7%-0.4%-0.3%674.5M-11.37B-39.1M0.984.1386,71784,8281,715,8911,000,467
2023-01-20$179.41$172.0014.9%4.3%13.0%12.6%15.4%-0.3%-0.3%571.0M-10.85B-39.9M0.484.4685,51840,9231,747,8801,044,746
2023-01-23$179.64$172.0014.6%4.3%12.9%10.8%15.4%-0.3%0.0%374.3M-7.15B-39.2M0.593.4351,50530,210951,250631,886
2023-01-24$180.18$172.0014.6%4.3%11.6%10.7%15.4%-0.3%-0.0%401.3M-7.43B-39.4M0.943.5439,30836,985964,940641,293
2023-01-25$181.00$173.0014.6%4.3%11.6%9.6%15.2%-0.3%-0.1%410.8M-7.75B-40.0M0.734.1161,36544,556970,590659,927
2023-01-26$179.44$174.0014.0%4.1%12.2%6.4%14.9%-0.2%0.0%412.3M-7.05B-41.1M1.064.0851,65454,5401,011,174679,811
2023-01-27$179.38$174.0013.7%4.0%11.8%4.5%14.5%-0.3%0.0%353.6M-7.00B-41.5M0.483.9095,23745,5781,023,893709,900
2023-01-30$178.82$174.0014.0%4.2%12.0%6.0%15.0%-0.3%0.1%370.0M-6.58B-42.2M1.484.2329,76444,0141,027,768647,500
2023-01-31$179.30$175.0014.1%4.3%12.0%7.0%15.5%-0.1%-0.1%365.6M-6.78B-42.0M0.514.3958,85130,0601,036,993672,066