GLD Options History — March 2023

In March 2023, GLD traded between $168.70 and $185.57. ATM implied volatility averaged 16.1%, placing in the 38.4% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 0.0% (HV 20d: 16.1%). Max pain ranged from $170.00 to $175.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 0.60.

Notable Days

2023-03-17: Highest Volume — 678,669 contracts
2023-03-17: Largest IV spike — 31.0% change
2023-03-17: Highest IV Rank — 99.4%
2023-03-17: Largest Expected Move — 5.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$178.02	$168.70	$185.57	$170.88	$183.14
Max Pain	$173.35	$170.00	$175.00	$170.00	$175.00
ATM IV	16.1%	12.8%	20.9%	13.2%	15.5%
Expected Move	4.6%	3.7%	5.8%	3.8%	4.4%
HV 20d	16.1%	8.0%	21.4%	13.8%	21.4%
HV 60d	15.1%	13.7%	16.5%	14.0%	16.5%
IV Rank	38.4%	0.0%	99.4%	1.0%	34.1%
IV Percentile	53.1%	0.0%	99.2%	0.8%	49.6%
Term Structure	-0.1%	-0.7%	0.4%	-0.1%	0.4%
VWIV	16.2%	11.7%	20.7%	11.7%	15.8%
Skew 25d	-1.4%	-3.8%	0.7%	0.2%	-2.1%
Skew 10d	-2.4%	-6.9%	1.4%	0.6%	-3.7%
Call IV 25d	17.2%	12.6%	23.6%	13.4%	17.0%
Put IV 25d	15.8%	13.2%	19.8%	13.5%	14.8%
Bid-Ask Spread %	2.05	1.63	4.01	1.79	2.19
Gamma HHI	0.05	0.03	0.08	0.04	0.07
Net GEX	668.4M	165.0M	996.7M	312.4M	808.5M
Net DEX	-8.49B	-15.03B	-1.59B	-3.38B	-11.11B
Net VEX	-54.0M	-66.7M	-39.7M	-42.4M	-64.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.19	2.17	2.17	0.62
Total Volume	223,911.13	41,633	678,669	115,271	128,629
Total OI	2,430,811.261	1,985,426	3,017,840	1,985,426	3,017,840

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
2023-03-01	$170.88	$170.00	13.2%	3.8%	13.8%	1.0%	11.7%	0.2%	-0.1%	312.4M	-3.38B	-42.4M	2.17	1.79	36,371	78,900	1,312,100	673,326
2023-03-02	$170.76	$170.00	13.0%	3.7%	12.7%	0.0%	13.1%	0.3%	-0.0%	290.3M	-3.20B	-41.8M	0.68	1.82	24,722	16,911	1,317,833	689,967
2023-03-03	$172.51	$170.00	12.8%	3.7%	11.8%	0.0%	13.0%	0.2%	-0.1%	364.6M	-4.56B	-42.0M	0.92	1.63	52,192	48,001	1,323,859	694,086
2023-03-06	$171.72	$173.00	13.1%	3.8%	8.0%	1.7%	13.4%	0.4%	0.1%	318.5M	-3.73B	-41.8M	0.52	1.73	37,972	19,825	1,303,374	699,378
2023-03-07	$168.75	$173.00	13.2%	3.8%	10.0%	2.0%	13.1%	0.7%	-0.0%	165.0M	-1.59B	-40.0M	0.58	2.31	69,633	40,198	1,314,477	707,502
2023-03-08	$168.70	$172.00	12.8%	3.7%	9.9%	0.0%	12.7%	0.5%	0.0%	166.4M	-1.63B	-39.7M	1.33	1.73	33,933	45,095	1,337,645	713,570
2023-03-09	$170.18	$172.00	13.4%	3.8%	10.5%	3.4%	13.4%	0.6%	0.1%	272.7M	-2.83B	-40.5M	0.60	1.75	60,845	36,447	1,345,824	707,074
2023-03-10	$173.66	$172.00	14.7%	4.2%	12.7%	15.5%	14.8%	-0.4%	0.0%	508.4M	-5.83B	-44.0M	0.36	1.71	213,912	77,676	1,364,700	718,753
2023-03-13	$177.91	$172.00	18.1%	5.1%	15.3%	49.2%	18.2%	-1.8%	-0.4%	661.1M	-9.23B	-49.9M	0.19	1.86	429,992	81,133	1,441,143	727,364
2023-03-14	$177.09	$172.00	16.6%	4.7%	15.3%	41.2%	16.7%	-1.3%	-0.4%	759.8M	-9.14B	-52.5M	0.33	2.41	200,587	66,507	1,635,026	769,068
2023-03-15	$178.34	$172.00	17.7%	4.9%	15.4%	56.4%	17.6%	-2.6%	-0.6%	836.8M	-10.51B	-55.0M	0.38	2.27	211,543	80,266	1,692,921	798,836
2023-03-16	$178.51	$174.00	15.9%	4.5%	14.8%	38.6%	16.3%	-1.9%	-0.2%	859.6M	-10.68B	-54.9M	0.60	1.65	101,772	60,886	1,725,780	845,008
2023-03-17	$183.59	$175.00	20.9%	5.8%	17.4%	99.4%	20.7%	-3.8%	-0.7%	869.0M	-15.03B	-60.0M	0.28	4.01	531,611	147,058	1,785,153	883,894
2023-03-20	$184.28	$175.00	19.8%	5.6%	17.4%	86.1%	19.9%	-2.6%	-0.5%	893.6M	-12.75B	-63.2M	0.20	1.82	365,001	71,777	1,711,694	756,792
2023-03-21	$180.24	$175.00	17.2%	4.9%	19.5%	54.5%	17.8%	-1.9%	-0.3%	819.0M	-9.04B	-60.6M	0.40	1.68	175,786	70,137	1,774,865	787,601
2023-03-22	$182.75	$175.00	16.8%	4.8%	19.6%	49.8%	17.2%	-1.9%	-0.2%	987.4M	-11.25B	-60.8M	0.23	2.43	289,039	66,184	1,785,735	801,042
2023-03-23	$185.57	$175.00	19.3%	5.5%	19.9%	79.8%	19.6%	-2.7%	-0.3%	981.2M	-14.00B	-66.1M	0.66	2.46	177,140	117,175	1,876,243	831,157
2023-03-24	$183.82	$175.00	18.3%	5.3%	20.2%	68.2%	19.0%	-2.5%	-0.3%	960.2M	-12.43B	-66.7M	0.75	2.15	99,016	73,941	1,916,120	906,882
2023-03-27	$181.97	$175.00	17.5%	5.0%	20.8%	57.7%	18.1%	-2.1%	0.2%	797.4M	-9.80B	-63.8M	0.25	2.03	155,699	39,583	1,835,339	874,112
2023-03-28	$183.56	$175.00	17.6%	5.1%	20.9%	59.0%	17.9%	-2.2%	0.2%	880.0M	-11.35B	-64.2M	0.32	1.82	115,970	36,763	1,879,291	885,985
2023-03-29	$182.36	$175.00	16.0%	4.6%	21.2%	39.8%	16.5%	-1.9%	0.4%	864.8M	-10.20B	-62.9M	1.02	1.99	68,066	69,697	1,929,720	906,101
2023-03-30	$184.28	$175.00	16.4%	4.8%	21.3%	45.2%	17.2%	-2.4%	0.3%	996.7M	-12.03B	-64.2M	0.50	1.99	151,384	74,981	1,954,369	950,110
2023-03-31	$183.14	$175.00	15.5%	4.4%	21.4%	34.1%	15.8%	-2.1%	0.4%	808.5M	-11.11B	-64.3M	0.62	2.19	79,223	49,406	2,021,813	996,027