GLD Options History — December 2024

In December 2024, GLD traded between $238.96 and $250.98. ATM implied volatility averaged 13.9%, placing in the 43.7% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 3.5% (HV 20d: 17.4%). Max pain ranged from $227.00 to $235.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.78.

Notable Days

2024-12-11: Highest Volume — 358,362 contracts
2024-12-12: Largest IV drop — 7.9% change
2024-12-11: Highest IV Rank — 53.4%
2024-12-02: Largest Expected Move — 4.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$243.58	$238.96	$250.98	$243.94	$242.09
Max Pain	$231.90	$227.00	$235.00	$231.00	$235.00
ATM IV	13.9%	13.1%	14.9%	14.6%	13.5%
Expected Move	4.1%	3.7%	4.5%	4.5%	3.7%
HV 20d	17.4%	14.0%	21.7%	21.7%	14.1%
HV 60d	16.1%	15.7%	16.4%	16.1%	16.3%
IV Rank	43.7%	35.5%	53.4%	50.4%	39.1%
IV Percentile	35.4%	22.6%	53.2%	49.2%	27.0%
Term Structure	0.2%	-0.0%	0.5%	0.0%	0.2%
VWIV	14.6%	13.0%	16.1%	16.0%	13.3%
Skew 25d	-0.2%	-1.4%	0.8%	-0.2%	-0.3%
Skew 10d	0.2%	-1.8%	2.5%	0.1%	-0.2%
Call IV 25d	14.4%	13.3%	16.1%	15.0%	14.0%
Put IV 25d	14.2%	13.3%	15.7%	14.8%	13.7%
Bid-Ask Spread %	2.29	1.62	5.26	1.69	2.30
Gamma HHI	0.06	0.04	0.08	0.06	0.04
Net GEX	519.6M	-177.0M	1.41B	555.5M	422.2M
Net DEX	-10.93B	-19.11B	-5.35B	-12.31B	-7.91B
Net VEX	-57.2M	-63.3M	-52.2M	-53.7M	-58.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.78	0.35	1.61	0.70	0.69
Total Volume	140,506.429	35,197	358,362	107,562	74,978
Total OI	2,900,827.81	2,705,201	3,403,374	2,735,138	2,738,163

Daily Data (21 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
2024-12-02	$243.94	$231.00	14.6%	4.5%	21.7%	50.4%	16.0%	-0.2%	0.0%	555.5M	-12.31B	-53.7M	0.70	1.69	63,171	44,391	1,666,735	1,068,403
2024-12-03	$243.96	$232.00	14.3%	4.4%	21.7%	47.3%	15.8%	-0.5%	0.3%	639.5M	-12.46B	-53.6M	0.70	1.71	55,977	39,112	1,685,308	1,075,538
2024-12-04	$244.56	$232.00	14.1%	4.4%	21.7%	45.3%	16.1%	-0.6%	0.2%	702.5M	-13.05B	-54.4M	1.28	1.71	41,347	53,044	1,709,387	1,085,520
2024-12-05	$242.80	$227.00	13.9%	4.1%	19.1%	43.4%	14.9%	-0.2%	0.3%	502.3M	-11.16B	-53.7M	0.68	2.18	57,589	39,238	1,711,129	1,089,529
2024-12-06	$243.22	$227.00	13.3%	4.0%	18.1%	37.3%	14.3%	-0.0%	0.3%	590.4M	-11.50B	-52.3M	1.08	2.07	53,799	58,054	1,731,810	1,097,863
2024-12-09	$245.39	$227.00	14.0%	4.1%	18.4%	44.1%	14.9%	-0.3%	0.4%	843.8M	-13.61B	-52.2M	0.50	1.77	86,303	43,060	1,700,315	1,064,343
2024-12-10	$248.57	$228.00	14.5%	4.3%	16.9%	49.7%	15.2%	-0.8%	0.3%	1.12B	-16.74B	-53.2M	0.66	1.62	74,202	49,255	1,717,199	1,068,117
2024-12-11	$250.98	$229.00	14.9%	4.4%	16.6%	53.4%	15.4%	-1.4%	0.4%	1.41B	-19.11B	-54.0M	1.00	2.55	179,028	179,334	1,735,808	1,092,499
2024-12-12	$247.56	$230.00	13.7%	4.0%	17.1%	41.7%	14.5%	-0.5%	0.4%	900.2M	-15.73B	-56.1M	0.94	2.59	91,251	85,514	1,800,224	1,191,058
2024-12-13	$244.53	$230.00	13.8%	4.0%	17.7%	42.2%	14.4%	-0.2%	0.4%	542.5M	-12.35B	-59.7M	1.00	2.43	72,055	71,777	1,858,963	1,246,342
2024-12-16	$244.90	$230.00	14.0%	4.0%	17.7%	44.0%	14.3%	-0.2%	-0.0%	631.1M	-12.68B	-56.9M	0.89	1.71	74,716	66,602	1,848,928	1,245,713
2024-12-17	$244.16	$232.00	13.9%	4.0%	16.7%	43.7%	14.7%	0.1%	-0.0%	450.5M	-11.93B	-58.6M	1.61	2.11	62,528	100,661	1,867,241	1,283,934
2024-12-18	$238.96	$235.00	14.8%	4.2%	18.1%	52.2%	15.3%	0.8%	-0.0%	-177.0M	-5.35B	-59.0M	0.78	5.26	103,808	80,644	1,898,661	1,355,321
2024-12-19	$239.78	$235.00	13.9%	4.0%	18.1%	43.9%	14.3%	0.7%	-0.0%	-124.1M	-6.87B	-56.1M	0.42	2.72	194,348	81,732	1,922,734	1,319,517
2024-12-20	$242.21	$235.00	13.8%	4.0%	18.2%	42.8%	14.2%	0.4%	-0.0%	309.0M	-11.20B	-62.3M	0.46	2.23	156,839	72,833	2,067,441	1,335,933
2024-12-23	$240.88	$235.00	13.8%	3.9%	17.4%	42.1%	14.0%	0.2%	0.5%	228.4M	-6.35B	-63.3M	0.55	2.21	45,511	25,064	1,636,435	1,068,766
2024-12-24	$241.50	$235.00	13.1%	3.7%	14.0%	35.5%	13.4%	0.2%	0.5%	312.5M	-7.08B	-61.9M	0.92	2.64	18,366	16,831	1,638,873	1,068,111
2024-12-26	$243.08	$235.00	13.6%	3.8%	14.2%	40.4%	13.9%	-0.1%	0.5%	509.7M	-8.80B	-61.9M	0.65	2.62	67,455	43,507	1,645,833	1,066,930
2024-12-27	$241.24	$235.00	13.2%	3.7%	14.4%	36.9%	13.0%	-0.0%	0.5%	302.3M	-6.99B	-60.6M	0.35	1.76	92,536	32,598	1,683,573	1,098,972
2024-12-30	$240.80	$235.00	13.7%	3.8%	14.1%	41.5%	13.5%	-0.4%	0.1%	234.2M	-6.44B	-60.1M	0.59	2.22	63,832	37,745	1,670,351	1,059,864
2024-12-31	$242.09	$235.00	13.5%	3.7%	14.1%	39.1%	13.3%	-0.3%	0.2%	422.2M	-7.91B	-58.2M	0.69	2.30	44,254	30,724	1,679,613	1,058,550