GLD Options History — January 2024

In January 2024, GLD traded between $185.88 and $190.81. ATM implied volatility averaged 11.6%, placing in the 19.5% IV rank vs the trailing year. The 30-day expected move averaged 3.4%. IV traded above realized volatility by 1.2% (HV 20d: 10.4%). Max pain ranged from $180.00 to $188.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.68.

Notable Days

  • 2024-01-05: Highest Volume — 200,498 contracts
  • 2024-01-29: Largest IV spike — 8.5% change
  • 2024-01-02: Highest IV Rank — 38.7%
  • 2024-01-02: Largest Expected Move — 3.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$188.07$185.88$190.81$190.81$188.38
Max Pain$186.74$180.00$188.00$180.00$185.00
ATM IV11.6%10.3%13.8%13.8%11.1%
Expected Move3.4%3.1%3.9%3.9%3.4%
HV 20d10.4%8.8%14.3%14.3%9.4%
HV 60d12.8%12.2%14.2%14.1%12.2%
IV Rank19.5%8.1%38.7%38.7%15.1%
IV Percentile24.8%6.3%57.9%57.9%15.1%
Term Structure-0.0%-0.2%0.2%-0.2%0.1%
VWIV12.2%11.2%14.3%14.3%12.9%
Skew 25d-1.1%-1.7%-0.6%-1.7%-1.5%
Skew 10d-2.0%-3.2%-1.1%-3.0%-2.5%
Call IV 25d12.5%10.8%15.1%15.1%12.3%
Put IV 25d11.4%10.3%13.4%13.4%10.9%
Bid-Ask Spread %1.951.582.532.022.53
Gamma HHI0.070.040.190.090.05
Net GEX555.0M211.2M939.8M939.8M438.2M
Net DEX-6.49B-10.07B-3.33B-10.07B-5.24B
Net VEX-45.7M-51.0M-42.2M-51.0M-44.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.461.130.610.63
Total Volume114,273.85763,682200,498100,782146,815
Total OI2,545,4281,908,1623,003,5342,741,2772,069,184

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$190.81$180.0013.8%3.9%14.3%38.7%14.3%-1.7%-0.2%939.8M-10.07B-51.0M0.612.0262,70938,0731,826,891914,386
2024-01-03$189.25$180.0013.1%3.7%12.4%32.2%13.7%-1.6%-0.1%781.1M-8.46B-49.6M0.462.38125,39857,3411,836,278938,146
2024-01-04$189.44$188.0012.5%3.6%12.3%27.3%13.0%-1.5%0.0%823.9M-8.78B-48.6M0.551.9842,52123,5551,842,811942,818
2024-01-05$189.38$188.0012.1%3.5%12.3%24.1%12.6%-1.3%0.0%821.2M-8.73B-48.3M0.581.95126,70273,7961,851,358966,343
2024-01-08$187.84$188.0011.9%3.5%12.6%22.6%12.2%-1.2%0.2%618.9M-7.28B-46.7M0.801.8579,73364,1161,862,123967,503
2024-01-09$188.05$188.0011.6%3.3%11.6%19.4%11.9%-1.0%0.0%655.0M-7.49B-46.6M0.641.8648,73431,0861,880,813973,873
2024-01-10$187.47$188.0011.6%3.4%10.8%19.8%11.8%-0.9%0.1%610.8M-6.93B-46.5M0.572.0678,86344,7771,899,260989,332
2024-01-11$187.76$188.0011.2%3.2%10.8%16.3%11.7%-0.9%0.1%617.7M-7.27B-46.6M0.811.8272,37758,7491,938,602984,443
2024-01-12$189.63$188.0011.7%3.4%8.8%20.2%12.3%-1.7%0.2%895.6M-9.45B-47.9M0.521.9291,61847,2921,951,3401,004,622
2024-01-16$187.97$188.0011.8%3.4%9.0%21.6%12.3%-1.1%-0.2%605.7M-7.44B-45.6M0.771.6747,95137,0491,939,8541,002,747
2024-01-17$185.88$188.0011.9%3.4%9.4%22.2%11.9%-0.8%-0.2%269.5M-5.24B-44.2M0.841.82107,82290,2921,956,0391,015,913
2024-01-18$187.31$188.0011.4%3.3%9.7%17.8%11.7%-1.0%-0.2%466.3M-6.97B-45.0M0.491.6763,49930,8391,968,8191,018,141
2024-01-19$187.91$188.0011.2%3.2%9.5%16.4%11.6%-0.9%-0.2%831.8M-7.38B-45.1M1.131.5849,75556,2701,971,2271,032,307
2024-01-22$187.19$188.0011.1%3.3%9.5%15.0%11.4%-0.8%-0.2%281.5M-3.80B-43.6M0.932.0838,39535,6961,220,193687,969
2024-01-23$187.97$188.0011.0%3.2%9.4%14.3%11.5%-1.0%-0.1%332.3M-4.45B-44.1M0.641.8250,23231,8951,239,678712,141
2024-01-24$186.41$188.0010.9%3.3%9.7%13.9%11.7%-0.7%-0.0%211.2M-3.33B-43.4M1.121.9743,48048,6041,260,115726,448
2024-01-25$186.94$187.0010.9%3.3%9.3%14.1%11.8%-0.9%-0.1%263.5M-3.72B-43.5M0.541.6741,26422,4181,260,603732,257
2024-01-26$187.05$187.5010.3%3.1%9.1%8.1%11.2%-0.6%-0.0%307.8M-3.84B-42.2M0.561.8863,40035,6601,276,151742,716
2024-01-29$188.25$185.0011.1%3.4%9.4%15.7%12.7%-1.3%-0.0%419.6M-4.99B-43.8M0.602.3153,26932,2131,270,872735,304
2024-01-30$188.61$185.0011.0%3.4%9.4%14.5%12.4%-1.4%0.1%464.4M-5.35B-44.0M0.532.0969,10036,3931,288,467755,901
2024-01-31$188.38$185.0011.1%3.4%9.4%15.1%12.9%-1.5%0.1%438.2M-5.24B-44.0M0.632.5389,92656,8891,302,331766,853