GLD Options History — September 2023

In September 2023, GLD traded between $171.59 and $180.09. ATM implied volatility averaged 10.0%, placing in the 3.9% IV rank vs the trailing year. The 30-day expected move averaged 2.9%. IV traded above realized volatility by 2.8% (HV 20d: 7.2%). Max pain ranged from $176.00 to $179.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 1.09.

Notable Days

  • 2023-09-20: Highest Volume — 552,074 contracts
  • 2023-09-26: Largest IV spike — 9.3% change
  • 2023-09-27: Highest IV Rank — 17.6%
  • 2023-09-27: Largest Expected Move — 3.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$177.44$171.59$180.09$180.09$171.59
Max Pain$177.88$176.00$179.00$177.00$177.50
ATM IV10.0%9.3%11.4%9.9%10.9%
Expected Move2.9%2.7%3.3%2.7%3.2%
HV 20d7.2%6.7%8.3%6.7%8.3%
HV 60d8.5%8.1%9.0%8.8%9.0%
IV Rank3.9%0.0%17.6%0.0%13.8%
IV Percentile3.1%0.0%19.4%0.0%9.9%
Term Structure0.1%-0.1%0.3%0.2%0.1%
VWIV10.3%9.5%11.6%9.8%11.4%
Skew 25d-0.1%-0.5%1.0%-0.5%0.8%
Skew 10d-0.1%-1.4%2.9%-0.6%1.2%
Call IV 25d10.3%9.7%11.2%10.3%10.8%
Put IV 25d10.2%9.4%12.2%9.8%11.6%
Bid-Ask Spread %1.761.274.331.271.59
Gamma HHI0.070.040.100.100.04
Net GEX586.0M-136.3M1.10B1.10B-136.3M
Net DEX-3.67B-7.08B2.35B-7.08B2.35B
Net VEX-45.3M-49.7M-41.1M-49.7M-41.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.090.272.340.650.77
Total Volume173,402.774,488552,074121,854203,151
Total OI2,773,177.72,409,5633,039,6742,776,3593,039,674

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-09-01$180.09$177.009.9%2.7%6.7%0.0%9.8%-0.5%0.2%1.10B-7.08B-49.7M0.651.2773,94447,9101,939,493836,866
2023-09-05$178.72$176.0010.1%2.9%7.2%1.7%10.3%-0.3%0.2%797.3M-5.29B-46.7M0.441.5990,58839,7411,918,501821,516
2023-09-06$177.84$177.0010.0%2.9%7.1%1.2%10.2%-0.1%0.1%621.9M-4.25B-46.1M1.731.6368,354118,1991,927,278842,304
2023-09-07$178.09$178.009.8%2.9%6.9%0.0%10.2%-0.1%0.1%680.7M-4.58B-46.6M1.261.6045,41957,0881,955,227856,077
2023-09-08$178.06$179.009.8%2.9%6.9%0.0%10.2%-0.2%0.1%635.9M-4.42B-46.1M1.421.6238,36254,5121,975,731877,792
2023-09-11$178.34$179.0010.0%2.9%6.9%1.6%10.1%-0.3%0.0%762.0M-4.74B-45.0M1.671.5933,02655,1561,953,677857,044
2023-09-12$177.49$179.0010.0%2.9%7.1%2.0%10.2%-0.2%-0.0%585.2M-3.70B-44.1M1.691.4741,49770,0621,963,367867,221
2023-09-13$177.09$179.009.5%2.7%7.1%0.0%9.7%0.1%0.0%510.7M-3.41B-42.3M2.341.4760,629141,8671,985,212866,743
2023-09-14$177.11$178.009.5%2.7%6.7%0.0%9.8%-0.1%-0.1%515.1M-3.47B-42.8M1.101.4460,64966,6811,997,105871,133
2023-09-15$178.38$178.009.5%2.7%7.1%0.0%10.0%-0.2%-0.0%795.6M-5.00B-44.1M1.031.4458,30859,9622,018,971878,942
2023-09-18$179.31$177.0010.0%2.9%7.2%4.7%10.8%-0.5%0.0%833.9M-5.32B-45.0M0.311.51123,86538,6411,703,489706,074
2023-09-19$179.25$177.009.9%2.8%7.2%4.1%10.1%-0.4%-0.1%925.3M-5.44B-45.4M0.771.4949,28937,9751,769,929721,116
2023-09-20$179.56$178.009.5%2.7%7.2%0.6%10.2%-0.5%0.0%1.01B-5.81B-45.6M0.271.98435,280116,7941,796,750738,543
2023-09-21$178.19$178.009.6%2.7%6.9%1.2%9.9%-0.5%0.1%638.8M-4.23B-47.2M1.071.6365,65569,9851,918,750805,690
2023-09-22$178.61$178.009.3%2.7%7.0%0.0%9.5%-0.5%0.1%697.4M-4.62B-47.2M0.741.6742,74331,7451,944,000822,022
2023-09-25$177.72$178.009.8%2.8%7.2%3.8%10.1%-0.4%0.3%573.2M-3.51B-45.4M1.591.6052,63383,8531,896,755796,376
2023-09-26$176.31$178.0010.7%3.1%7.6%11.7%11.2%0.4%0.2%196.3M-1.83B-46.7M0.682.20155,992106,4441,917,432843,626
2023-09-27$173.97$178.0011.4%3.3%8.0%17.6%11.6%1.0%0.2%26.1M266.7M-44.3M1.502.12140,862210,6901,975,377876,306
2023-09-28$173.14$178.0011.0%3.2%7.9%14.6%11.3%0.3%0.1%-52.8M655.6M-44.7M0.874.33118,033102,4702,057,691923,754
2023-09-29$171.59$177.5010.9%3.2%8.3%13.8%11.4%0.8%0.1%-136.3M2.35B-41.1M0.771.59114,87488,2772,100,770938,904