GLD Options History — October 2023

In October 2023, GLD traded between $168.87 and $186.14. ATM implied volatility averaged 14.0%, placing in the 40.7% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 0.4% (HV 20d: 13.6%). Max pain ranged from $173.00 to $177.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.79.

Notable Days

2023-10-04: Highest Volume — 622,099 contracts
2023-10-13: Largest IV spike — 31.6% change
2023-10-19: Highest IV Rank — 62.7%
2023-10-19: Largest Expected Move — 4.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$177.79	$168.87	$186.14	$169.75	$184.06
Max Pain	$174.86	$173.00	$177.00	$177.00	$175.00
ATM IV	14.0%	12.1%	16.6%	12.1%	14.1%
Expected Move	4.1%	3.5%	4.8%	3.6%	4.2%
HV 20d	13.6%	8.4%	17.3%	8.7%	15.0%
HV 60d	10.5%	8.5%	11.9%	9.1%	11.6%
IV Rank	40.7%	24.3%	62.7%	24.3%	41.6%
IV Percentile	52.6%	29.4%	88.1%	29.4%	53.6%
Term Structure	-0.2%	-0.6%	0.1%	-0.1%	0.1%
VWIV	14.6%	10.9%	18.0%	12.0%	15.3%
Skew 25d	-1.3%	-3.5%	1.3%	0.9%	-1.8%
Skew 10d	-2.4%	-6.2%	3.1%	1.7%	-3.5%
Call IV 25d	15.2%	12.0%	19.3%	12.0%	15.6%
Put IV 25d	13.9%	12.8%	15.8%	12.9%	13.7%
Bid-Ask Spread %	1.89	1.35	2.80	1.74	2.40
Gamma HHI	0.05	0.03	0.08	0.04	0.08
Net GEX	650.3M	-149.7M	1.36B	-149.7M	900.8M
Net DEX	-6.64B	-14.93B	2.58B	2.58B	-10.45B
Net VEX	-52.1M	-60.3M	-41.2M	-41.2M	-57.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.79	0.27	4.03	1.56	0.60
Total Volume	225,538.818	111,320	622,099	217,291	142,028
Total OI	3,068,165.227	2,842,960	3,417,214	2,842,960	3,068,911

Daily Data (22 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
2023-10-02	$169.75	$177.00	12.1%	3.6%	8.7%	24.3%	12.0%	0.9%	-0.1%	-149.7M	2.58B	-41.2M	1.56	1.74	84,732	132,559	1,987,693	855,267
2023-10-03	$169.22	$176.00	13.1%	3.9%	8.5%	32.8%	12.8%	1.3%	-0.2%	-144.1M	2.51B	-41.3M	0.84	1.67	175,678	147,225	2,030,942	853,262
2023-10-04	$169.11	$176.00	12.7%	3.8%	8.5%	29.1%	10.9%	1.1%	-0.2%	-107.9M	2.44B	-42.4M	4.03	1.50	123,668	498,431	2,056,741	886,724
2023-10-05	$168.87	$175.00	12.8%	3.6%	8.4%	29.7%	12.5%	0.9%	-0.2%	-44.0M	1.82B	-42.6M	1.69	2.23	104,132	176,163	2,129,334	899,035
2023-10-06	$169.81	$175.00	12.1%	3.5%	8.9%	24.3%	12.1%	0.5%	-0.2%	107.0M	792.2M	-43.8M	0.47	1.54	114,990	53,578	2,182,800	911,160
2023-10-09	$172.84	$175.00	13.2%	3.7%	11.3%	33.9%	13.2%	-0.4%	-0.1%	332.3M	-2.67B	-48.0M	0.64	1.91	128,154	81,905	2,078,333	863,472
2023-10-10	$172.56	$173.00	12.7%	3.6%	11.3%	29.2%	13.1%	-0.0%	-0.2%	249.9M	-2.28B	-47.2M	0.36	2.22	82,081	29,239	2,121,384	901,148
2023-10-11	$173.81	$173.00	12.5%	3.6%	11.7%	27.6%	12.9%	-0.3%	-0.1%	435.9M	-3.67B	-48.4M	0.52	2.10	104,407	54,684	2,147,468	907,790
2023-10-12	$173.34	$173.00	12.3%	3.5%	11.7%	25.9%	12.6%	0.1%	0.1%	345.7M	-3.05B	-47.7M	0.69	1.48	73,221	50,402	2,174,235	921,128
2023-10-13	$178.84	$174.00	16.2%	4.6%	16.2%	59.6%	16.6%	-2.5%	-0.3%	1.02B	-9.74B	-57.2M	0.45	1.99	325,475	147,551	2,201,843	948,487
2023-10-16	$178.01	$175.00	14.1%	4.0%	16.2%	41.3%	14.8%	-1.6%	-0.3%	912.9M	-7.81B	-53.5M	0.46	1.47	139,528	63,865	2,184,781	962,569
2023-10-17	$178.39	$175.00	14.6%	4.2%	16.2%	45.5%	15.3%	-2.2%	-0.3%	981.5M	-8.47B	-55.9M	0.44	1.39	81,058	35,728	2,247,944	994,358
2023-10-18	$181.00	$175.00	15.2%	4.4%	17.0%	50.7%	16.2%	-2.5%	-0.5%	1.28B	-11.73B	-57.5M	0.27	1.35	272,925	72,331	2,263,322	1,016,850
2023-10-19	$183.39	$175.00	16.6%	4.8%	17.3%	62.7%	18.0%	-3.5%	-0.6%	1.36B	-14.84B	-60.3M	0.42	2.39	200,153	83,663	2,293,852	1,048,710
2023-10-20	$183.69	$175.00	16.2%	4.7%	17.3%	59.4%	17.2%	-2.7%	-0.4%	1.26B	-14.93B	-59.8M	0.52	1.38	187,453	96,698	2,318,785	1,098,429
2023-10-23	$182.84	$175.00	15.1%	4.4%	17.3%	49.9%	15.9%	-2.3%	-0.3%	820.4M	-9.88B	-57.1M	0.78	2.09	65,885	51,379	1,962,539	945,369
2023-10-24	$182.88	$175.00	14.0%	4.1%	16.9%	40.3%	15.3%	-2.1%	-0.2%	854.2M	-9.90B	-55.8M	0.47	1.58	97,022	45,984	1,978,333	967,907
2023-10-25	$183.74	$175.00	14.5%	4.3%	16.0%	44.7%	16.2%	-2.4%	-0.0%	891.0M	-10.73B	-57.0M	0.33	1.81	98,544	32,988	1,990,879	989,094
2023-10-26	$183.91	$175.00	14.3%	4.3%	15.7%	43.1%	15.7%	-2.5%	-0.1%	947.3M	-10.94B	-57.1M	0.45	2.60	77,531	35,123	2,012,800	1,004,843
2023-10-27	$186.14	$175.00	15.5%	4.6%	15.4%	53.3%	16.6%	-3.2%	-0.3%	1.06B	-13.33B	-58.3M	0.39	2.80	184,307	72,085	2,035,644	1,020,985
2023-10-30	$185.19	$175.00	14.7%	4.4%	14.8%	46.5%	16.1%	-2.3%	0.1%	988.0M	-11.86B	-57.7M	1.02	1.89	68,019	69,282	2,020,088	1,014,397
2023-10-31	$184.06	$175.00	14.1%	4.2%	15.0%	41.6%	15.3%	-1.8%	0.1%	900.8M	-10.45B	-57.0M	0.60	2.40	88,520	53,508	2,032,813	1,036,098