GLD Options History — April 2023

In April 2023, GLD traded between $184.24 and $189.61. ATM implied volatility averaged 16.2%, placing in the 41.8% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded below realized volatility by 1.2% (HV 20d: 17.4%). Max pain ranged from $175.00 to $183.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.51.

Notable Days

  • 2023-04-05: Highest Volume — 329,229 contracts
  • 2023-04-04: Largest IV spike — 8.0% change
  • 2023-04-04: Highest IV Rank — 64.4%
  • 2023-04-04: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$186.01$184.24$189.61$184.59$184.78
Max Pain$180.84$175.00$183.00$175.00$182.00
ATM IV16.2%14.8%18.0%16.7%14.8%
Expected Move4.6%4.3%5.2%4.7%4.3%
HV 20d17.4%13.1%21.3%21.3%13.1%
HV 60d16.6%16.3%16.8%16.4%16.5%
IV Rank41.8%25.2%64.4%47.9%25.2%
IV Percentile60.1%36.9%92.5%69.0%36.9%
Term Structure-0.1%-0.2%0.2%0.2%-0.2%
VWIV16.6%15.2%18.4%17.2%15.4%
Skew 25d-1.5%-2.4%-0.8%-2.3%-0.8%
Skew 10d-2.4%-4.0%-1.2%-3.8%-1.2%
Call IV 25d17.4%15.6%19.8%18.4%15.6%
Put IV 25d15.9%14.8%17.4%16.1%14.8%
Bid-Ask Spread %2.131.463.352.992.07
Gamma HHI0.080.070.090.070.09
Net GEX824.5M597.7M1.15B816.9M754.6M
Net DEX-11.12B-14.87B-8.53B-10.94B-9.04B
Net VEX-65.7M-69.1M-62.4M-63.9M-66.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.150.770.630.66
Total Volume181,822.89589,258329,229126,62590,795
Total OI2,989,021.3682,743,6333,185,4472,743,6333,104,797

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$184.59$175.0016.7%4.7%21.3%47.9%17.2%-2.3%0.2%816.9M-10.94B-63.9M0.632.9977,54749,0781,875,690867,943
2023-04-04$187.99$175.0018.0%5.2%20.4%64.4%18.4%-2.4%-0.0%968.1M-13.84B-67.2M0.352.12216,26574,9271,894,792894,915
2023-04-05$187.88$175.0017.5%5.0%20.4%58.0%17.6%-2.1%0.1%1.02B-13.80B-68.0M0.201.68273,92355,3061,954,535930,530
2023-04-06$186.55$180.0017.1%4.9%20.8%53.8%17.4%-2.1%0.0%985.1M-12.73B-69.1M0.552.2169,27838,4442,088,849956,671
2023-04-10$185.22$180.0017.1%4.9%20.4%53.7%17.7%-2.0%-0.2%823.0M-11.05B-65.5M0.292.0188,64625,4381,996,958880,999
2023-04-11$186.28$180.0016.8%4.8%18.8%49.0%17.9%-2.1%-0.1%921.8M-12.06B-65.8M0.351.96115,73740,8542,013,405886,748
2023-04-12$187.25$181.0016.3%4.6%18.7%43.3%16.9%-1.9%-0.2%984.0M-12.72B-65.5M0.572.13106,67360,3512,027,016911,316
2023-04-13$189.61$181.0017.0%4.8%18.9%52.6%17.2%-1.7%-0.2%1.15B-14.87B-68.4M0.751.72179,460134,6892,053,272939,111
2023-04-14$186.50$181.0015.7%4.5%20.2%35.7%16.0%-1.1%-0.1%817.6M-11.34B-67.3M0.772.12142,988110,1732,078,9941,008,398
2023-04-17$185.49$183.0015.9%4.5%17.8%38.0%16.2%-1.1%-0.0%709.7M-10.30B-65.4M0.682.1958,88339,7752,033,723988,983
2023-04-18$186.28$182.0015.7%4.5%17.9%36.0%15.9%-1.1%-0.1%782.9M-11.16B-64.8M0.512.26155,02778,9722,043,979993,176
2023-04-19$185.38$183.0015.6%4.5%15.9%35.0%15.9%-1.4%-0.1%732.2M-10.50B-65.4M0.731.46104,54976,8352,142,3131,043,134
2023-04-20$186.18$183.0015.5%4.5%15.2%34.0%16.0%-1.4%-0.2%809.3M-11.45B-65.8M0.381.52119,37245,4022,115,3131,048,073
2023-04-21$184.24$183.0015.0%4.3%14.8%27.4%15.2%-0.8%-0.1%608.6M-9.15B-62.4M0.673.35118,98679,8652,108,8381,053,960
2023-04-24$184.84$183.0015.3%4.4%14.4%30.7%16.0%-1.1%-0.1%597.7M-8.53B-62.5M0.152.21226,54035,0311,921,285891,068
2023-04-25$185.75$183.0015.8%4.6%13.9%37.8%16.1%-1.5%-0.1%761.3M-9.87B-65.7M0.552.0995,97452,7722,075,087898,937
2023-04-26$184.74$183.0015.9%4.6%13.8%38.5%16.4%-1.2%-0.2%730.5M-9.11B-65.8M0.392.2864,15225,1062,118,845910,659
2023-04-27$184.61$183.0015.5%4.5%13.6%33.2%16.0%-0.9%-0.1%698.4M-8.79B-64.6M0.492.0985,29341,5292,122,334916,760
2023-04-28$184.78$182.0014.8%4.3%13.1%25.2%15.4%-0.8%-0.2%754.6M-9.04B-66.0M0.662.0754,66136,1342,170,274934,523