GLD Options History — February 2025

In February 2025, GLD traded between $259.98 and $272.13. ATM implied volatility averaged 15.7%, placing in the 61.0% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 3.0% (HV 20d: 12.7%). Max pain ranged from $245.00 to $255.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.75.

Notable Days

  • 2025-02-10: Highest Volume — 488,932 contracts
  • 2025-02-10: Largest IV spike — 9.8% change
  • 2025-02-18: Highest IV Rank — 72.2%
  • 2025-02-18: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$267.00$259.98$272.13$259.98$262.87
Max Pain$252.05$245.00$255.00$250.00$255.00
ATM IV15.7%14.4%16.8%15.4%14.4%
Expected Move4.6%4.3%4.8%4.5%4.3%
HV 20d12.7%11.0%14.8%11.9%14.5%
HV 60d14.7%13.3%16.8%16.7%13.8%
IV Rank61.0%48.8%72.2%58.1%48.8%
IV Percentile66.0%36.9%90.1%62.3%36.9%
Term Structure-0.1%-0.4%0.5%-0.1%0.5%
VWIV16.1%15.0%17.2%15.9%15.1%
Skew 25d0.2%-0.2%0.6%-0.1%0.2%
Skew 10d0.4%-0.3%1.3%0.1%0.7%
Call IV 25d15.8%14.4%16.8%15.8%14.4%
Put IV 25d16.0%14.6%17.2%15.7%14.6%
Bid-Ask Spread %4.802.4012.493.404.64
Gamma HHI0.090.070.140.090.07
Net GEX1.47B310.9M1.83B1.52B310.9M
Net DEX-21.27B-27.80B-10.05B-17.40B-10.05B
Net VEX-75.3M-80.4M-68.5M-69.4M-77.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.351.180.391.06
Total Volume262,917.842118,650488,932255,457236,263
Total OI3,112,509.6842,598,0093,582,8702,598,0093,210,936

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-02-03$259.98$250.0015.4%4.5%11.9%58.1%15.9%-0.1%-0.1%1.52B-17.40B-69.4M0.393.40183,31472,1431,584,1111,013,898
2025-02-04$262.33$251.0015.7%4.6%11.3%60.8%16.4%-0.1%-0.1%1.64B-19.62B-68.5M0.373.39242,08590,1091,605,3911,032,381
2025-02-05$264.08$253.0016.0%4.7%11.2%64.5%16.8%0.4%-0.1%1.72B-20.59B-70.3M0.7412.49226,600168,2271,697,4301,081,343
2025-02-06$263.42$245.0014.9%4.3%11.4%53.7%15.0%0.2%-0.2%1.65B-19.96B-71.9M0.878.81124,062107,7331,771,6881,159,555
2025-02-07$263.88$250.0015.1%4.4%11.4%54.9%15.5%0.1%0.2%1.64B-19.84B-73.3M0.856.14152,014129,0691,769,6651,213,440
2025-02-10$268.01$250.0016.6%4.7%12.0%69.4%16.8%-0.2%-0.1%1.59B-23.81B-72.7M0.355.11362,414126,5181,768,4501,222,425
2025-02-11$267.20$250.0016.4%4.7%11.0%67.5%16.4%0.1%-0.1%1.61B-22.83B-76.3M0.864.4392,82379,5901,869,2031,264,243
2025-02-12$267.71$250.0016.2%4.6%11.0%65.8%16.3%0.1%-0.1%1.66B-23.36B-77.1M0.505.60127,77363,3781,895,4481,313,921
2025-02-13$270.02$250.0016.0%4.6%11.1%64.2%16.3%0.1%0.2%1.83B-26.23B-76.8M0.545.72202,772109,0961,937,7981,340,092
2025-02-14$265.62$252.0015.9%4.6%13.2%63.5%16.4%0.4%0.0%1.48B-20.35B-80.4M0.734.34126,04192,2642,010,4221,384,690
2025-02-18$270.75$252.0016.8%4.8%14.1%72.2%17.2%0.4%-0.4%1.80B-27.03B-76.8M0.693.50133,88092,6592,001,8761,340,417
2025-02-19$270.68$252.0016.1%4.6%13.7%64.8%16.4%0.1%-0.2%1.74B-27.30B-75.7M0.943.64157,075147,7402,041,4821,389,512
2025-02-20$270.85$254.0015.6%4.5%13.7%59.9%15.8%0.1%-0.3%1.75B-27.80B-75.5M0.944.0090,05984,7502,061,3731,440,126
2025-02-21$270.87$255.0015.6%4.5%13.6%60.0%16.0%0.2%-0.3%1.79B-27.78B-76.8M0.404.22224,65689,3212,090,5061,492,364
2025-02-24$272.13$255.0015.6%4.6%13.5%60.2%16.2%0.0%-0.3%1.38B-21.46B-76.9M1.062.4757,71060,9401,803,2111,156,238
2025-02-25$268.64$255.0015.5%4.5%13.8%59.4%16.2%0.1%-0.3%1.05B-17.66B-77.6M1.183.6292,150108,7491,813,5481,166,239
2025-02-26$268.93$255.0015.2%4.5%13.7%56.6%15.9%0.4%-0.4%1.11B-18.05B-77.2M0.552.40204,636111,7151,835,1511,203,883
2025-02-27$265.08$255.0015.1%4.5%14.8%55.0%15.8%0.6%-0.4%658.2M-12.98B-80.2M1.163.31104,358120,7531,897,7511,257,477
2025-02-28$262.87$255.0014.4%4.3%14.5%48.8%15.1%0.2%0.5%310.9M-10.05B-77.6M1.064.64114,740121,5231,925,4201,285,516