GLD Options History — May 2024

In May 2024, GLD traded between $212.78 and $224.80. ATM implied volatility averaged 14.6%, placing in the 51.1% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded below realized volatility by 1.8% (HV 20d: 16.4%). Max pain ranged from $200.00 to $200.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.59.

Notable Days

  • 2024-05-23: Highest Volume — 276,093 contracts
  • 2024-05-09: Largest IV spike — 8.5% change
  • 2024-05-20: Highest IV Rank — 66.2%
  • 2024-05-20: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$217.47$212.78$224.80$214.35$215.00
Max Pain$200.00$200.00$200.00$200.00$200.00
ATM IV14.6%13.5%16.2%14.7%13.7%
Expected Move4.2%4.0%4.6%4.6%4.0%
HV 20d16.4%13.7%17.9%17.8%16.5%
HV 60d14.5%13.8%15.8%13.8%15.4%
IV Rank51.1%40.6%66.2%52.0%42.0%
IV Percentile82.7%74.2%94.4%82.1%75.0%
Term Structure-0.1%-0.7%0.5%-0.2%-0.2%
VWIV15.2%14.0%16.3%16.3%14.5%
Skew 25d-1.3%-1.9%-0.8%-1.3%-0.9%
Skew 10d-2.4%-3.4%-1.2%-2.5%-1.3%
Call IV 25d15.7%14.5%17.4%15.6%14.5%
Put IV 25d14.4%13.5%15.6%14.3%13.6%
Bid-Ask Spread %0.990.651.491.080.79
Gamma HHI0.120.090.220.110.22
Net GEX626.0M5.3M957.0M523.1M5.3M
Net DEX-15.07B-21.64B-10.81B-14.02B-10.81B
Net VEX-62.6M-64.9M-59.8M-64.9M-59.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.350.950.820.79
Total Volume146,276.564,525276,093182,868104,330
Total OI2,845,484.9092,550,6223,093,0452,927,0722,683,746

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$214.35$200.0014.7%4.6%17.8%52.0%16.3%-1.3%-0.2%523.1M-14.02B-64.9M0.821.08100,58682,2821,716,0341,211,038
2024-05-02$213.18$200.0014.4%4.5%17.9%49.3%16.0%-1.0%-0.0%411.0M-12.99B-64.5M0.920.8065,46060,0941,700,3111,212,086
2024-05-03$212.78$200.0014.0%4.3%16.9%45.0%16.2%-1.2%0.0%432.7M-12.97B-63.2M0.350.87180,43063,2801,721,2501,223,215
2024-05-06$215.09$200.0014.4%4.1%17.1%49.4%14.8%-1.4%0.2%742.0M-15.22B-63.4M0.551.2575,79042,0051,737,9751,177,876
2024-05-07$214.05$200.0014.1%4.0%17.1%45.8%14.6%-1.1%0.3%696.2M-14.21B-62.9M0.631.2067,83342,9571,759,3801,189,659
2024-05-08$213.66$200.0013.5%4.0%16.9%40.6%14.0%-1.0%0.4%678.7M-13.82B-62.8M0.571.4962,14835,5401,783,9291,200,349
2024-05-09$216.59$200.0014.7%4.1%16.4%51.7%15.2%-1.5%0.4%794.5M-16.39B-63.3M0.571.18102,76858,3371,774,1121,199,333
2024-05-10$218.66$200.0014.5%4.2%16.2%50.5%15.0%-1.4%0.5%861.0M-18.26B-62.6M0.480.96117,13755,8221,801,1801,217,532
2024-05-13$216.38$200.0015.2%4.2%15.3%56.4%15.1%-1.1%-0.7%732.4M-15.96B-62.5M0.651.1676,18549,4001,782,9791,201,909
2024-05-14$218.03$200.0015.3%4.3%15.5%57.8%15.3%-1.3%-0.2%792.8M-17.46B-63.1M0.380.9059,10922,3301,794,8031,220,806
2024-05-15$220.88$200.0015.5%4.3%16.0%59.5%15.5%-1.4%-0.4%926.5M-19.84B-63.0M0.620.73122,11475,7331,808,0481,227,254
2024-05-16$220.16$200.0014.9%4.2%16.0%53.7%15.2%-1.6%-0.5%853.6M-19.11B-62.7M0.790.7268,00453,7281,823,1231,249,418
2024-05-17$223.59$200.0015.6%4.4%16.9%60.6%15.4%-1.9%-0.2%957.0M-21.64B-62.2M0.710.65154,762110,5581,825,6701,267,375
2024-05-20$224.80$200.0016.2%4.6%13.8%66.2%16.3%-1.9%-0.3%766.6M-17.78B-62.1M0.511.0394,81048,4471,521,8541,028,768
2024-05-21$224.31$200.0015.3%4.4%13.7%58.2%15.4%-1.5%-0.2%751.8M-17.34B-61.3M0.400.86105,64041,7491,532,1651,050,763
2024-05-22$220.03$200.0015.0%4.3%15.7%54.8%15.5%-1.3%-0.3%150.3M-14.17B-62.8M0.691.11117,16580,2761,559,4941,067,555
2024-05-23$215.81$200.0014.4%4.2%17.1%49.6%15.1%-1.1%-0.3%449.6M-11.02B-62.2M0.361.36203,62872,4651,590,0961,069,143
2024-05-24$215.93$200.0013.8%4.0%17.1%43.4%14.5%-0.8%-0.3%467.7M-11.23B-61.7M0.430.9778,66733,9061,599,4281,076,514
2024-05-28$218.32$200.0014.2%4.1%17.6%47.6%15.0%-1.4%-0.5%649.2M-13.34B-61.9M0.380.8962,79523,6501,584,2521,065,598
2024-05-29$216.26$200.0014.0%4.2%16.7%45.6%14.8%-1.1%-0.1%557.7M-11.80B-61.6M0.540.8153,09928,5391,602,5431,071,609
2024-05-30$216.56$200.0013.9%4.1%16.4%44.6%14.8%-0.9%-0.1%572.7M-12.07B-61.6M0.950.9033,13931,3861,602,8591,067,637
2024-05-31$215.00$200.0013.7%4.0%16.5%42.0%14.5%-0.9%-0.2%5.3M-10.81B-59.8M0.790.7958,18046,1501,606,8971,076,849