GLD Options History — March 2024

In March 2024, GLD traded between $193.06 and $205.53. ATM implied volatility averaged 12.3%, placing in the 27.6% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded above realized volatility by 0.8% (HV 20d: 11.5%). Max pain ranged from $185.00 to $195.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.57.

Notable Days

  • 2024-03-01: Highest Volume — 390,795 contracts
  • 2024-03-12: Largest IV drop — 12.2% change
  • 2024-03-28: Highest IV Rank — 43.6%
  • 2024-03-28: Largest Expected Move — 3.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$200.24$193.06$205.53$193.06$205.53
Max Pain$192.25$185.00$195.00$185.00$195.00
ATM IV12.3%10.6%14.2%11.6%13.1%
Expected Move3.5%3.1%3.9%3.7%3.9%
HV 20d11.5%10.7%12.5%10.8%12.5%
HV 60d10.7%10.3%11.4%10.9%10.8%
IV Rank27.6%13.1%43.6%19.7%43.6%
IV Percentile51.6%13.9%73.0%38.1%70.2%
Term Structure-0.1%-0.6%0.4%-0.2%0.2%
VWIV12.7%11.0%15.0%13.5%15.0%
Skew 25d-1.9%-2.9%-1.1%-2.0%-2.9%
Skew 10d-3.3%-5.6%-1.8%-3.3%-5.6%
Call IV 25d13.8%11.8%16.0%13.3%15.3%
Put IV 25d12.0%10.5%13.7%11.3%12.5%
Bid-Ask Spread %2.091.642.731.641.75
Gamma HHI0.120.060.330.060.17
Net GEX837.1M618.8M1.36B781.8M913.3M
Net DEX-12.14B-15.77B-9.23B-9.23B-13.25B
Net VEX-51.0M-54.3M-44.8M-44.8M-52.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.340.950.390.40
Total Volume197,178.1572,231390,795390,795288,072
Total OI2,487,356.452,241,9892,813,5432,300,6242,365,488

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-03-01$193.06$185.0011.6%3.7%10.8%19.7%13.5%-2.0%-0.2%781.8M-9.23B-44.8M0.391.64281,296109,4991,419,345881,279
2024-03-04$196.18$189.0012.7%3.5%11.5%29.2%13.1%-2.5%-0.2%952.9M-11.84B-47.4M0.342.28248,21384,9131,497,560891,298
2024-03-05$197.13$190.0012.6%3.5%11.2%28.1%12.9%-2.3%-0.1%1.00B-12.61B-49.5M0.612.37157,38596,6911,573,682933,663
2024-03-06$198.76$190.0013.1%3.7%11.3%32.6%13.4%-2.5%-0.0%975.9M-13.85B-51.7M0.562.29164,83491,6641,599,591997,566
2024-03-07$199.97$190.0013.3%3.7%11.3%34.7%13.0%-2.4%0.0%941.5M-14.59B-52.1M0.512.37119,18460,6241,618,4281,000,475
2024-03-08$201.63$190.0014.2%3.8%11.4%42.0%13.7%-2.4%-0.2%883.0M-15.77B-53.1M0.642.73226,249143,9011,636,7801,035,636
2024-03-11$202.05$190.0014.1%3.9%11.1%41.8%14.2%-2.1%-0.6%847.0M-14.93B-54.3M0.952.71106,327100,7111,619,4971,055,156
2024-03-12$199.57$192.0012.4%3.5%12.3%26.9%13.1%-1.3%-0.1%720.2M-12.83B-52.1M0.782.18115,88490,3161,639,1071,112,419
2024-03-13$201.19$192.0012.5%3.5%10.7%27.2%12.7%-1.9%-0.2%867.0M-14.50B-52.3M0.432.08117,39950,0261,663,6281,119,324
2024-03-14$200.28$192.0011.9%3.4%11.0%22.3%12.0%-1.2%-0.2%879.3M-13.41B-52.2M0.541.7690,36548,7101,678,9131,117,804
2024-03-15$199.78$192.0011.9%3.4%11.2%22.5%12.2%-1.4%-0.1%1.36B-12.81B-51.8M0.541.9184,43145,5981,677,7241,135,819
2024-03-18$200.07$193.0012.4%3.5%11.2%26.4%12.5%-1.6%-0.2%618.8M-9.50B-52.1M0.421.8090,40038,3551,427,645814,344
2024-03-19$199.69$195.0012.0%3.4%11.3%23.0%12.4%-1.6%-0.2%661.1M-9.45B-51.8M0.741.9641,54930,6821,465,989838,663
2024-03-20$202.00$195.0011.9%3.4%11.7%24.9%12.5%-1.8%-0.3%790.5M-11.40B-52.0M0.522.16125,97966,0211,475,611849,165
2024-03-21$202.00$195.0011.9%3.4%11.6%25.7%12.5%-1.7%-0.2%811.2M-11.20B-51.4M0.552.1896,66452,9581,485,377847,397
2024-03-22$200.38$195.0011.1%3.2%12.3%17.7%11.4%-1.1%-0.1%658.8M-9.82B-50.2M0.592.1478,96546,5301,491,512865,214
2024-03-25$201.06$195.0010.6%3.1%12.2%13.1%11.0%-1.3%0.4%671.4M-9.97B-48.4M0.501.6965,21932,8851,443,746830,866
2024-03-26$201.68$195.0011.3%3.3%12.1%22.4%11.7%-1.5%0.3%687.2M-10.49B-49.7M0.672.0562,61641,9751,457,420844,199
2024-03-27$202.88$195.0011.8%3.5%12.1%28.4%12.1%-1.9%0.2%725.0M-11.26B-51.0M0.641.7692,01458,4591,475,002864,797
2024-03-28$205.53$195.0013.1%3.9%12.5%43.6%15.0%-2.9%0.2%913.3M-13.25B-52.6M0.401.75206,29881,7741,484,233881,255