GLD Options History — June 2023

In June 2023, GLD traded between $177.16 and $183.72. ATM implied volatility averaged 12.2%, placing in the 2.2% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded above realized volatility by 0.3% (HV 20d: 11.8%). Max pain ranged from $178.00 to $182.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.14.

Notable Days

  • 2023-06-29: Highest Volume — 231,176 contracts
  • 2023-06-02: Largest IV drop — 7.5% change
  • 2023-06-01: Highest IV Rank — 12.3%
  • 2023-06-01: Largest Expected Move — 4.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$180.25$177.16$183.72$183.72$178.28
Max Pain$181.60$178.00$182.00$178.00$181.00
ATM IV12.2%11.1%13.8%13.8%11.1%
Expected Move3.5%3.1%4.2%4.2%3.1%
HV 20d11.8%10.8%12.7%12.3%10.8%
HV 60d14.1%11.8%16.4%16.0%11.8%
IV Rank2.2%0.0%12.3%12.3%0.0%
IV Percentile1.2%0.0%11.5%11.5%0.0%
Term Structure0.1%-0.2%0.3%-0.2%0.1%
VWIV12.1%9.4%15.3%15.3%9.9%
Skew 25d-0.2%-1.0%0.3%-1.0%-0.1%
Skew 10d-0.2%-1.7%0.8%-1.7%0.2%
Call IV 25d12.5%11.4%14.7%14.7%11.4%
Put IV 25d12.3%11.3%13.7%13.7%11.3%
Bid-Ask Spread %1.751.302.371.771.39
Gamma HHI0.040.040.060.050.04
Net GEX259.4M16.5M598.0M598.0M175.0M
Net DEX-4.28B-7.67B-1.58B-7.67B-2.39B
Net VEX-50.7M-59.2M-43.4M-59.2M-44.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.140.394.840.621.05
Total Volume116,565.38158,965231,17699,73199,683
Total OI2,859,1712,286,4693,347,0613,257,8312,339,041

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-06-01$183.72$178.0013.8%4.2%12.3%12.3%15.3%-1.0%-0.2%598.0M-7.67B-59.2M0.621.7761,52238,2092,302,910954,921
2023-06-02$180.99$179.0012.8%3.9%12.3%0.0%14.4%-0.1%0.0%234.8M-4.70B-55.6M0.491.86117,09157,1172,321,708969,315
2023-06-05$182.25$182.0012.7%3.7%11.7%0.0%13.4%-0.5%0.3%441.3M-6.21B-55.3M0.391.5954,00220,8702,260,822936,023
2023-06-06$182.26$182.0012.5%3.6%11.6%0.0%12.9%-0.4%0.3%444.9M-6.16B-54.4M0.421.8156,01223,6162,273,576941,000
2023-06-07$180.31$182.0012.4%3.6%11.7%0.0%12.7%-0.1%0.3%286.4M-4.38B-53.2M1.592.2158,73593,5402,295,646951,597
2023-06-08$182.44$182.0012.4%3.6%12.7%0.7%13.2%-0.5%0.3%479.8M-6.52B-55.0M0.491.8672,66435,2612,296,843960,146
2023-06-09$182.07$182.0012.4%3.6%12.6%0.7%13.0%-0.2%0.3%401.8M-6.18B-54.1M0.631.7236,21722,7482,300,262971,501
2023-06-12$181.87$182.0012.9%3.7%12.6%6.5%13.3%-0.3%0.0%355.2M-5.90B-52.9M0.611.6682,66150,5072,262,634959,757
2023-06-13$180.38$182.0012.8%3.6%12.7%4.6%12.8%-0.1%-0.1%230.3M-4.56B-52.0M0.711.7384,12859,9772,293,069976,398
2023-06-14$180.63$182.0012.1%3.5%12.2%0.0%12.2%0.1%-0.0%237.4M-4.84B-51.6M1.452.3761,35988,6612,311,683983,345
2023-06-15$181.86$182.0012.1%3.5%12.4%0.0%12.6%-0.2%0.1%370.0M-6.14B-52.0M1.182.0150,83760,1162,334,734992,406
2023-06-16$181.74$182.0011.6%3.4%11.6%0.0%12.0%-0.1%0.2%398.1M-6.00B-51.8M0.851.5448,81941,5352,342,3591,004,702
2023-06-20$180.00$182.0011.8%3.4%11.5%2.4%11.4%-0.1%0.2%177.4M-3.22B-49.2M0.741.9356,36641,8821,605,336688,839
2023-06-21$179.61$182.0011.9%3.4%11.5%3.7%10.9%-0.0%0.2%173.4M-3.13B-49.5M0.841.4870,78459,2791,622,938693,323
2023-06-22$177.76$182.0011.9%3.4%12.0%3.7%11.7%0.3%0.3%71.3M-1.92B-47.2M0.631.8680,35650,9381,624,226699,367
2023-06-23$178.25$182.0011.8%3.3%11.9%1.7%10.3%0.0%0.2%124.6M-2.27B-47.7M1.302.1338,46250,1811,648,624712,027
2023-06-26$178.53$182.0012.2%3.4%11.3%6.0%10.7%-0.3%-0.0%122.2M-2.49B-46.6M0.851.5640,93835,0041,587,204699,265
2023-06-27$177.81$182.0011.8%3.3%11.3%2.7%10.9%0.0%0.1%65.4M-2.00B-45.6M1.571.5432,83351,4881,597,751701,931
2023-06-28$177.41$182.0011.6%3.2%11.0%0.4%10.1%0.1%-0.0%42.5M-1.70B-44.1M2.771.4335,12997,1701,595,048706,873
2023-06-29$177.16$181.5011.3%3.1%10.9%0.0%9.4%-0.0%0.1%16.5M-1.58B-43.4M4.841.3039,576191,6001,608,694714,747
2023-06-30$178.28$181.0011.1%3.1%10.8%0.0%9.9%-0.1%0.1%175.0M-2.39B-44.0M1.051.3948,65751,0261,621,119717,922