GLD Options History — August 2025

In August 2025, GLD traded between $305.28 and $317.59. ATM implied volatility averaged 14.7%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 1.3% (HV 20d: 13.3%). Max pain ranged from $290.00 to $300.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.49.

Notable Days

2025-08-01: Highest Volume — 1,013,811 contracts
2025-08-29: Largest IV spike — 8.0% change
2025-08-29: Highest IV Rank — 21.9%
2025-08-01: Largest Expected Move — 4.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$310.17	$305.28	$317.59	$309.40	$317.59
Max Pain	$296.33	$290.00	$300.00	$300.00	$300.00
ATM IV	14.7%	13.7%	16.0%	16.0%	16.0%
Expected Move	4.2%	3.9%	4.8%	4.8%	4.7%
HV 20d	13.3%	9.2%	14.8%	14.7%	9.2%
HV 60d	15.3%	12.9%	18.2%	18.2%	13.0%
IV Rank	11.7%	4.3%	21.9%	21.7%	21.9%
IV Percentile	21.5%	4.0%	56.0%	48.4%	56.0%
Term Structure	0.0%	-0.3%	0.3%	-0.2%	-0.3%
VWIV	15.2%	14.0%	19.6%	19.6%	16.7%
Skew 25d	-1.0%	-1.6%	-0.5%	-1.6%	-1.5%
Skew 10d	-1.3%	-2.5%	-0.5%	-2.5%	-1.6%
Call IV 25d	15.4%	14.2%	17.3%	17.3%	17.1%
Put IV 25d	14.5%	13.7%	15.7%	15.7%	15.6%
Bid-Ask Spread %	3.08	2.21	7.40	4.23	3.80
Gamma HHI	0.08	0.04	0.11	0.08	0.07
Net GEX	1.82B	464.0M	3.12B	2.05B	2.42B
Net DEX	-18.84B	-27.86B	-11.54B	-19.74B	-27.86B
Net VEX	-101.5M	-109.6M	-93.7M	-103.2M	-109.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.49	0.12	1.31	0.14	0.26
Total Volume	341,823.762	162,390	1,013,811	1,013,811	697,419
Total OI	3,598,449.857	3,168,654	4,056,196	3,650,454	3,597,760

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
2025-08-01	$309.40	$300.00	16.0%	4.8%	14.7%	21.7%	19.6%	-1.6%	-0.2%	2.05B	-19.74B	-103.2M	0.14	4.23	893,197	120,614	2,320,159	1,330,295
2025-08-04	$310.87	$290.00	15.5%	4.5%	14.8%	17.8%	16.3%	-1.1%	0.1%	2.56B	-21.70B	-103.7M	0.48	2.93	143,222	68,984	2,429,478	1,289,388
2025-08-05	$311.23	$290.00	15.2%	4.4%	14.2%	15.7%	15.8%	-1.1%	0.1%	2.50B	-21.76B	-102.7M	0.16	2.67	340,308	54,371	2,419,634	1,304,358
2025-08-06	$310.46	$290.00	14.9%	4.3%	14.2%	13.7%	15.5%	-1.1%	0.1%	2.47B	-21.10B	-104.3M	0.43	3.13	119,055	50,804	2,491,673	1,333,243
2025-08-07	$313.02	$291.00	15.5%	4.5%	14.5%	18.3%	15.9%	-1.3%	0.0%	3.02B	-24.90B	-106.4M	0.53	4.73	144,503	76,450	2,510,410	1,330,026
2025-08-08	$312.69	$294.00	14.8%	4.3%	14.0%	13.0%	15.4%	-0.8%	0.2%	3.12B	-23.70B	-104.0M	0.60	7.40	184,791	110,083	2,548,541	1,359,701
2025-08-11	$308.86	$295.00	15.3%	4.4%	14.7%	16.3%	15.5%	-1.1%	0.1%	1.75B	-17.95B	-101.4M	0.50	2.79	252,272	125,143	2,529,065	1,351,808
2025-08-12	$308.27	$295.00	14.8%	4.3%	14.6%	12.9%	15.2%	-0.9%	0.1%	1.63B	-16.73B	-100.1M	0.76	2.85	114,264	86,536	2,541,992	1,392,744
2025-08-13	$308.98	$295.00	14.5%	4.2%	14.5%	10.8%	15.0%	-1.1%	0.1%	1.90B	-17.71B	-98.8M	0.73	2.36	123,316	89,499	2,572,906	1,407,489
2025-08-14	$307.34	$295.00	14.0%	4.1%	14.6%	7.1%	14.6%	-0.8%	0.3%	1.14B	-15.17B	-96.9M	1.31	2.27	118,807	155,702	2,578,322	1,422,576
2025-08-15	$307.25	$295.00	13.9%	4.0%	14.6%	6.0%	14.3%	-0.5%	0.2%	884.8M	-15.32B	-93.7M	0.36	2.53	341,769	122,979	2,617,071	1,439,125
2025-08-18	$306.77	$295.00	13.7%	4.0%	13.5%	4.8%	14.1%	-0.6%	0.0%	766.1M	-12.97B	-96.7M	0.65	2.21	131,369	84,797	2,073,015	1,201,348
2025-08-19	$305.28	$299.00	13.7%	3.9%	12.9%	4.3%	14.0%	-0.5%	-0.1%	464.0M	-11.54B	-96.4M	0.12	2.37	425,278	52,751	2,119,404	1,219,599
2025-08-20	$308.29	$299.00	14.1%	4.0%	12.8%	7.7%	14.5%	-0.7%	0.0%	1.03B	-14.88B	-99.4M	0.46	2.34	216,962	99,586	1,933,022	1,235,632
2025-08-21	$307.53	$300.00	14.3%	4.1%	12.7%	9.0%	14.2%	-0.6%	0.0%	997.6M	-14.35B	-100.0M	0.63	2.30	102,292	64,529	2,002,992	1,224,775
2025-08-22	$310.29	$300.00	13.9%	4.0%	12.7%	5.7%	14.3%	-0.7%	0.1%	1.88B	-17.89B	-102.0M	0.38	2.45	288,603	110,761	2,043,283	1,252,992
2025-08-25	$310.02	$300.00	13.7%	3.9%	12.4%	4.7%	14.0%	-0.5%	-0.2%	1.52B	-17.14B	-99.9M	0.74	2.44	93,510	68,880	2,028,111	1,184,092
2025-08-26	$312.06	$300.00	14.5%	4.2%	12.5%	10.8%	15.0%	-1.0%	-0.2%	1.76B	-19.53B	-102.1M	0.32	2.66	213,629	68,405	2,032,431	1,184,784
2025-08-27	$312.60	$300.00	14.7%	4.2%	11.0%	11.8%	14.9%	-1.1%	-0.2%	2.01B	-20.69B	-105.6M	0.58	2.89	121,703	70,142	2,130,442	1,220,973
2025-08-28	$314.72	$300.00	14.8%	4.3%	11.0%	12.9%	15.2%	-1.3%	-0.2%	2.29B	-23.10B	-105.4M	0.25	3.31	343,573	87,441	2,130,454	1,232,334
2025-08-29	$317.59	$300.00	16.0%	4.7%	9.2%	21.9%	16.7%	-1.5%	-0.3%	2.42B	-27.86B	-109.6M	0.26	3.80	553,280	144,139	2,331,664	1,266,096