GLD Options History — August 2023

In August 2023, GLD traded between $175.31 and $180.53. ATM implied volatility averaged 11.0%, placing in the 5.2% IV rank vs the trailing year. The 30-day expected move averaged 3.2%. IV traded above realized volatility by 2.0% (HV 20d: 9.0%). Max pain ranged from $176.00 to $180.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 0.70.

Notable Days

2023-08-14: Highest Volume — 329,482 contracts
2023-08-14: Largest IV spike — 5.6% change
2023-08-21: Highest IV Rank — 10.5%
2023-08-03: Largest Expected Move — 3.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$178.05	$175.31	$180.53	$180.53	$180.11
Max Pain	$178.13	$176.00	$180.00	$180.00	$177.00
ATM IV	11.0%	10.3%	11.6%	10.8%	10.3%
Expected Move	3.2%	2.9%	3.3%	3.0%	2.9%
HV 20d	9.0%	6.8%	11.1%	11.0%	6.8%
HV 60d	10.0%	9.1%	11.0%	11.0%	9.1%
IV Rank	5.2%	0.0%	10.5%	0.6%	0.0%
IV Percentile	3.7%	0.0%	11.5%	0.4%	0.0%
Term Structure	0.0%	-0.2%	0.2%	-0.2%	0.2%
VWIV	11.1%	10.3%	11.9%	10.7%	10.3%
Skew 25d	-0.1%	-0.5%	0.4%	-0.3%	-0.5%
Skew 10d	-0.1%	-1.0%	0.6%	-0.5%	-0.8%
Call IV 25d	11.3%	10.4%	12.0%	11.2%	10.8%
Put IV 25d	11.2%	10.4%	11.9%	10.9%	10.4%
Bid-Ask Spread %	1.40	1.16	1.69	1.52	1.33
Gamma HHI	0.06	0.04	0.09	0.04	0.08
Net GEX	358.7M	21.8M	994.4M	276.6M	994.4M
Net DEX	-3.50B	-7.16B	-1.65B	-3.55B	-7.08B
Net VEX	-45.7M	-49.8M	-41.9M	-44.7M	-49.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.70	0.25	2.18	0.51	0.71
Total Volume	130,020	56,506	329,482	91,140	109,052
Total OI	2,366,503.913	2,082,999	2,722,449	2,082,999	2,722,449

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
2023-08-01	$180.53	$180.00	10.8%	3.0%	11.0%	0.6%	10.7%	-0.3%	-0.2%	276.6M	-3.55B	-44.7M	0.51	1.52	60,446	30,694	1,365,882	717,117
2023-08-02	$179.66	$180.00	11.3%	3.2%	11.1%	5.4%	11.7%	-0.3%	-0.2%	217.7M	-3.05B	-44.9M	0.56	1.58	68,705	38,292	1,375,099	722,064
2023-08-03	$179.56	$180.00	11.6%	3.3%	11.0%	8.5%	11.9%	-0.2%	-0.2%	222.7M	-2.95B	-45.5M	0.81	1.35	41,606	33,632	1,397,225	734,596
2023-08-04	$180.20	$180.00	11.1%	3.2%	10.8%	3.4%	11.5%	-0.1%	-0.1%	260.3M	-3.41B	-45.3M	0.56	1.34	44,500	24,763	1,414,031	751,985
2023-08-07	$179.72	$180.00	11.0%	3.2%	10.8%	2.7%	11.2%	-0.1%	0.1%	217.4M	-3.03B	-44.3M	0.56	1.45	36,166	20,340	1,395,185	742,892
2023-08-08	$178.69	$180.00	11.0%	3.2%	11.0%	2.7%	11.2%	-0.1%	0.1%	145.2M	-2.38B	-43.4M	0.50	1.69	53,653	26,680	1,413,600	746,761
2023-08-09	$177.89	$180.00	11.1%	3.2%	9.7%	3.2%	11.0%	-0.1%	0.1%	99.7M	-1.92B	-43.2M	0.36	1.29	91,223	32,786	1,426,918	750,280
2023-08-10	$177.59	$180.00	10.7%	3.1%	9.7%	0.0%	10.9%	-0.0%	0.2%	87.0M	-1.76B	-41.9M	0.58	1.25	49,623	28,723	1,483,745	741,167
2023-08-11	$177.56	$180.00	10.3%	3.0%	9.7%	0.0%	10.7%	0.1%	0.2%	21.8M	-1.80B	-42.5M	1.18	1.32	45,621	53,823	1,490,510	745,911
2023-08-14	$177.06	$180.00	10.9%	3.1%	9.7%	5.4%	10.4%	0.1%	0.1%	64.9M	-1.65B	-42.1M	0.25	1.16	262,775	66,707	1,477,724	744,124
2023-08-15	$176.66	$180.00	11.0%	3.2%	8.5%	6.4%	11.2%	0.1%	0.1%	289.7M	-2.53B	-45.9M	1.01	1.36	101,894	103,334	1,696,667	750,630
2023-08-16	$175.69	$178.00	11.1%	3.2%	8.5%	7.4%	11.4%	0.4%	0.1%	195.4M	-1.97B	-45.8M	2.18	1.22	66,163	143,983	1,753,714	775,383
2023-08-17	$175.31	$177.00	11.4%	3.3%	8.5%	10.2%	11.6%	0.4%	0.0%	139.1M	-1.92B	-45.8M	1.36	1.42	79,888	108,798	1,791,266	786,640
2023-08-18	$175.32	$177.00	11.2%	3.2%	8.5%	7.7%	10.8%	0.2%	0.1%	151.5M	-1.91B	-45.9M	1.10	1.47	70,019	77,170	1,826,649	833,115
2023-08-21	$175.81	$176.00	11.5%	3.3%	8.6%	10.5%	11.4%	0.1%	-0.0%	326.5M	-2.98B	-46.3M	0.83	1.52	48,266	40,078	1,648,923	750,299
2023-08-22	$176.07	$176.00	11.3%	3.2%	8.3%	8.5%	10.8%	-0.0%	0.0%	371.7M	-3.24B	-46.8M	0.42	1.40	61,235	25,707	1,668,902	764,407
2023-08-23	$177.91	$176.00	11.3%	3.2%	9.0%	9.2%	11.3%	-0.2%	0.0%	594.6M	-4.96B	-48.2M	0.52	1.52	71,139	37,213	1,698,237	773,043
2023-08-24	$177.93	$176.00	11.2%	3.2%	7.5%	7.8%	11.2%	-0.1%	-0.0%	583.7M	-4.89B	-48.1M	0.37	1.43	61,899	23,024	1,708,153	781,027
2023-08-25	$177.59	$176.00	10.8%	3.0%	6.9%	4.2%	10.7%	-0.0%	-0.0%	609.2M	-4.64B	-47.2M	0.58	1.45	81,777	47,271	1,733,501	787,882
2023-08-28	$178.19	$176.00	10.9%	3.1%	6.9%	5.1%	10.9%	-0.2%	0.1%	663.7M	-5.05B	-46.8M	0.58	1.34	46,870	27,399	1,715,386	749,748
2023-08-29	$179.84	$176.00	11.0%	3.1%	7.0%	5.8%	11.0%	-0.5%	0.0%	805.7M	-6.65B	-48.1M	0.27	1.34	173,060	47,244	1,727,898	759,009
2023-08-30	$180.31	$176.00	10.8%	3.0%	6.8%	3.8%	10.7%	-0.4%	0.1%	910.7M	-7.16B	-49.2M	0.39	1.35	163,905	63,314	1,813,632	776,214
2023-08-31	$180.11	$177.00	10.3%	2.9%	6.8%	0.0%	10.3%	-0.5%	0.2%	994.4M	-7.08B	-49.8M	0.71	1.33	63,892	45,160	1,914,356	808,093