GLD Options History — February 2023

In February 2023, GLD traded between $168.49 and $181.56. ATM implied volatility averaged 14.0%, placing in the 5.8% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded below realized volatility by 0.4% (HV 20d: 14.4%). Max pain ranged from $170.00 to $175.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.73.

Notable Days

  • 2023-02-03: Highest Volume — 347,970 contracts
  • 2023-02-06: Largest IV spike — 6.8% change
  • 2023-02-06: Highest IV Rank — 9.2%
  • 2023-02-06: Largest Expected Move — 4.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$172.46$168.49$181.56$181.56$169.91
Max Pain$170.26$170.00$175.00$175.00$170.00
ATM IV14.0%13.2%14.6%13.7%13.2%
Expected Move4.0%3.8%4.2%4.1%3.8%
HV 20d14.4%12.4%17.0%12.4%13.6%
HV 60d14.9%14.5%16.2%15.5%14.5%
IV Rank5.8%0.7%9.2%4.1%0.7%
IV Percentile12.2%0.4%24.6%7.5%0.4%
Term Structure0.0%-0.3%0.2%0.1%-0.1%
VWIV14.2%13.3%14.7%14.7%13.3%
Skew 25d0.2%-0.3%0.5%-0.3%0.3%
Skew 10d0.5%-0.4%1.2%-0.4%0.9%
Call IV 25d14.1%13.2%14.8%14.1%13.2%
Put IV 25d14.3%13.4%14.9%13.8%13.4%
Bid-Ask Spread %3.361.495.555.412.10
Gamma HHI0.040.030.070.070.03
Net GEX189.4M2.6M471.5M471.5M248.6M
Net DEX-3.17B-7.99B-1.27B-7.99B-2.58B
Net VEX-43.2M-46.3M-40.2M-40.9M-41.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.361.120.660.64
Total Volume117,854.36863,619347,970111,67279,653
Total OI1,957,717.4741,719,1952,153,6511,719,1951,942,616

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$181.56$175.0013.7%4.1%12.4%4.1%14.7%-0.3%0.1%471.5M-7.99B-40.9M0.665.4167,46644,2061,037,684681,511
2023-02-02$177.94$170.0013.7%4.0%14.6%4.4%14.1%-0.1%0.0%288.9M-5.77B-40.2M0.933.6181,88676,0121,045,331700,579
2023-02-03$173.51$170.0013.6%4.0%17.0%3.7%14.2%0.2%0.1%2.6M-2.61B-40.3M1.124.96164,374183,5961,072,193719,765
2023-02-06$173.72$170.0014.5%4.2%15.7%9.2%14.7%0.3%0.0%223.4M-3.58B-41.5M0.364.70182,91665,9571,107,993675,982
2023-02-07$173.94$170.0014.2%4.1%15.7%7.4%14.5%0.2%0.1%251.3M-4.03B-45.4M0.834.9047,56039,4471,248,941718,134
2023-02-08$174.28$170.0014.1%4.1%15.7%6.6%14.4%0.2%0.1%267.5M-4.31B-45.7M0.444.4767,14729,5761,253,839726,270
2023-02-09$173.11$170.0014.3%4.1%15.9%8.1%14.7%0.3%0.0%193.2M-3.44B-45.7M0.804.6558,80147,0391,293,797735,507
2023-02-10$173.41$170.0014.3%4.1%15.4%7.8%14.6%0.3%0.2%176.0M-3.65B-46.3M0.884.7434,82930,6311,315,865756,863
2023-02-13$172.43$170.0014.5%4.2%14.6%9.1%14.7%0.2%-0.1%166.7M-3.04B-45.2M1.015.5572,49073,4531,291,461746,362
2023-02-14$172.53$170.0013.9%4.0%14.5%5.0%14.3%0.3%0.1%167.0M-3.12B-44.9M0.714.8548,98734,5491,318,267765,184
2023-02-15$170.78$170.0013.9%4.0%14.8%5.0%14.0%0.5%0.1%63.4M-1.82B-44.2M0.812.3164,02852,0361,335,778774,749
2023-02-16$170.99$170.0014.0%4.0%13.6%5.4%14.0%0.4%0.2%68.2M-2.13B-44.2M0.731.7147,29834,5671,363,060772,274
2023-02-17$171.31$170.0013.8%3.9%13.7%4.4%13.9%0.4%0.1%152.5M-2.48B-44.8M0.581.5850,69429,4301,373,765779,886
2023-02-21$170.74$170.0014.6%4.2%13.6%9.2%14.7%0.2%-0.2%191.5M-2.64B-43.5M0.611.8139,56724,0521,231,606669,720
2023-02-22$169.66$170.0014.3%4.1%13.5%7.3%14.2%0.2%-0.2%181.9M-1.97B-42.5M0.591.6868,06540,3841,249,437669,609
2023-02-23$169.53$170.0014.0%4.0%13.3%5.6%14.0%0.3%-0.3%171.5M-1.96B-42.0M0.991.4939,99239,5861,266,692673,105
2023-02-24$168.49$170.0013.8%3.9%13.1%4.5%13.8%0.4%-0.1%119.0M-1.27B-41.3M0.651.5966,23243,1091,275,418678,958
2023-02-27$168.88$170.0013.5%3.9%13.3%2.8%13.5%0.2%-0.2%193.8M-1.84B-41.0M0.521.7445,68223,9361,272,045656,386
2023-02-28$169.91$170.0013.2%3.8%13.6%0.7%13.3%0.3%-0.1%248.6M-2.58B-41.4M0.642.1048,51031,1431,284,221658,395