GLD Options History — July 2023

In July 2023, GLD traded between $177.41 and $183.63. ATM implied volatility averaged 11.3%, placing in the 2.8% IV rank vs the trailing year. The 30-day expected move averaged 3.2%. IV traded above realized volatility by 2.4% (HV 20d: 9.0%). Max pain ranged from $180.00 to $181.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.02.

Notable Days

2023-07-12: Highest Volume — 188,804 contracts
2023-07-28: Largest IV drop — 4.4% change
2023-07-12: Highest IV Rank — 6.8%
2023-07-12: Largest Expected Move — 3.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$181.10	$177.41	$183.63	$178.51	$182.41
Max Pain	$180.10	$180.00	$181.00	$181.00	$180.00
ATM IV	11.3%	10.7%	11.8%	11.3%	11.1%
Expected Move	3.2%	3.0%	3.4%	3.1%	3.2%
HV 20d	9.0%	7.8%	10.4%	9.6%	10.2%
HV 60d	11.4%	11.1%	11.9%	11.9%	11.1%
IV Rank	2.8%	0.0%	6.8%	1.9%	3.6%
IV Percentile	2.2%	0.0%	5.6%	0.4%	1.2%
Term Structure	0.0%	-0.2%	0.1%	0.1%	-0.2%
VWIV	11.5%	10.1%	12.2%	10.1%	11.2%
Skew 25d	-0.4%	-0.8%	0.0%	-0.2%	-0.5%
Skew 10d	-0.8%	-1.5%	0.4%	-0.1%	-0.9%
Call IV 25d	11.8%	11.1%	12.5%	11.6%	11.6%
Put IV 25d	11.4%	10.8%	11.8%	11.4%	11.1%
Bid-Ask Spread %	1.40	1.13	1.57	1.52	1.57
Gamma HHI	0.04	0.03	0.05	0.04	0.05
Net GEX	369.6M	89.7M	602.3M	189.9M	390.9M
Net DEX	-4.19B	-6.29B	-1.62B	-2.37B	-4.85B
Net VEX	-45.0M	-46.8M	-41.8M	-43.4M	-45.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.02	0.38	2.34	1.45	0.70
Total Volume	105,273.55	54,976	188,804	75,696	59,035
Total OI	2,147,572.3	1,971,192	2,345,803	2,062,596	2,057,474

Daily Data (20 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
2023-07-03	$178.51	$181.00	11.3%	3.1%	9.6%	1.9%	10.1%	-0.2%	0.1%	189.9M	-2.37B	-43.4M	1.45	1.52	30,940	44,756	1,437,971	624,625
2023-07-05	$178.00	$181.00	11.4%	3.2%	9.2%	3.1%	10.7%	-0.2%	0.1%	157.6M	-2.06B	-42.9M	2.34	1.36	38,200	89,508	1,454,415	632,764
2023-07-06	$177.41	$180.00	11.3%	3.3%	9.2%	2.3%	11.7%	0.0%	0.1%	89.7M	-1.62B	-41.8M	1.37	1.57	38,077	52,034	1,464,610	640,959
2023-07-07	$178.74	$180.00	11.1%	3.2%	9.0%	0.2%	11.6%	-0.3%	0.1%	233.3M	-2.59B	-42.9M	0.58	1.47	103,256	60,207	1,479,256	649,631
2023-07-10	$178.81	$180.00	11.4%	3.3%	7.8%	3.2%	11.7%	-0.2%	-0.1%	216.4M	-2.64B	-43.5M	1.45	1.45	24,265	35,273	1,501,523	645,130
2023-07-11	$179.38	$180.00	11.5%	3.3%	7.9%	3.9%	11.8%	-0.4%	-0.1%	284.8M	-3.01B	-43.2M	1.03	1.55	43,308	44,588	1,488,024	650,881
2023-07-12	$181.86	$180.00	11.8%	3.4%	9.4%	6.8%	12.2%	-0.7%	0.1%	528.4M	-5.00B	-46.4M	1.62	1.13	72,130	116,674	1,511,250	668,540
2023-07-13	$181.97	$180.00	11.6%	3.3%	8.9%	4.9%	11.6%	-0.8%	0.0%	549.5M	-5.00B	-46.3M	0.91	1.36	74,205	67,499	1,529,734	680,509
2023-07-14	$181.50	$180.00	11.1%	3.2%	9.0%	0.0%	11.4%	-0.4%	0.0%	362.5M	-4.57B	-45.7M	1.42	1.27	50,482	71,572	1,544,520	696,066
2023-07-17	$181.50	$180.00	11.4%	3.3%	8.6%	2.8%	11.5%	-0.4%	0.1%	393.4M	-4.39B	-45.0M	1.30	1.30	42,283	55,082	1,528,115	695,860
2023-07-18	$183.61	$180.00	11.6%	3.3%	9.6%	5.3%	11.9%	-0.7%	-0.1%	575.6M	-6.17B	-46.4M	0.38	1.32	106,940	41,095	1,540,482	708,828
2023-07-19	$183.63	$180.00	11.7%	3.3%	8.8%	5.9%	11.7%	-0.8%	-0.1%	602.3M	-6.29B	-46.8M	1.18	1.18	63,217	74,334	1,565,941	724,913
2023-07-20	$182.94	$180.00	11.6%	3.3%	8.9%	4.9%	11.9%	-0.4%	-0.0%	525.1M	-5.65B	-46.6M	0.75	1.43	45,141	33,737	1,583,319	739,159
2023-07-21	$182.22	$180.00	11.2%	3.2%	8.0%	0.7%	11.2%	-0.5%	-0.0%	445.0M	-5.09B	-45.6M	0.76	1.25	65,014	49,450	1,595,760	750,043
2023-07-24	$181.37	$180.00	11.3%	3.3%	8.3%	2.3%	11.7%	-0.3%	0.1%	346.7M	-4.13B	-45.1M	0.58	1.49	40,394	23,275	1,313,511	657,681
2023-07-25	$182.37	$180.00	11.4%	3.3%	8.5%	3.3%	11.6%	-0.4%	0.0%	399.7M	-4.78B	-45.7M	0.69	1.41	32,501	22,475	1,320,717	670,349
2023-07-26	$183.30	$180.00	11.1%	3.2%	8.3%	0.0%	11.3%	-0.4%	0.0%	467.9M	-5.46B	-46.3M	0.76	1.49	56,601	43,141	1,337,236	685,879
2023-07-27	$180.56	$180.00	11.2%	3.2%	10.2%	1.4%	11.5%	-0.3%	0.1%	253.6M	-3.58B	-45.7M	0.44	1.36	84,194	36,746	1,360,782	715,159
2023-07-28	$181.88	$180.00	10.7%	3.0%	10.4%	0.0%	10.7%	-0.3%	0.1%	378.7M	-4.54B	-45.1M	0.66	1.49	44,464	29,378	1,371,047	728,783
2023-07-31	$182.41	$180.00	11.1%	3.2%	10.2%	3.6%	11.2%	-0.5%	-0.2%	390.9M	-4.85B	-45.9M	0.70	1.57	34,719	24,316	1,352,845	704,629