GLD Options History — October 2025

In October 2025, GLD traded between $354.75 and $402.14. ATM implied volatility averaged 22.8%, placing in the 62.1% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 1.0% (HV 20d: 21.8%). Max pain ranged from $320.00 to $360.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 0.63.

Notable Days

2025-10-17: Highest Volume — 2,017,125 contracts
2025-10-16: Largest IV spike — 19.0% change
2025-10-16: Highest IV Rank — 100.0%
2025-10-16: Largest Expected Move — 8.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$373.14	$354.75	$402.14	$356.03	$368.01
Max Pain	$348.70	$320.00	$360.00	$320.00	$360.00
ATM IV	22.8%	16.6%	30.3%	18.0%	20.9%
Expected Move	6.5%	4.6%	8.5%	5.2%	6.2%
HV 20d	21.8%	11.6%	34.7%	11.9%	34.7%
HV 60d	16.9%	12.9%	22.1%	12.9%	22.1%
IV Rank	62.1%	26.1%	100.0%	36.5%	45.6%
IV Percentile	91.4%	65.1%	100.0%	79.4%	87.7%
Term Structure	-0.5%	-1.3%	0.2%	-0.1%	-0.1%
VWIV	23.1%	16.4%	29.8%	18.6%	22.0%
Skew 25d	-1.1%	-2.0%	-0.1%	-0.4%	-1.3%
Skew 10d	-1.7%	-3.4%	-0.1%	-0.6%	-2.1%
Call IV 25d	23.8%	16.8%	31.8%	18.4%	22.0%
Put IV 25d	22.6%	16.7%	29.9%	18.0%	20.7%
Bid-Ask Spread %	6.39	2.26	19.06	3.47	5.82
Gamma HHI	0.08	0.04	0.13	0.10	0.05
Net GEX	2.84B	979.6M	4.40B	3.34B	1.20B
Net DEX	-59.32B	-101.45B	-24.24B	-52.76B	-33.27B
Net VEX	-194.4M	-236.2M	-139.3M	-144.0M	-222.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.63	0.20	1.23	0.67	0.75
Total Volume	1,041,360.348	447,399	2,017,125	663,598	447,399
Total OI	5,627,315.652	4,370,903	6,672,626	4,370,903	6,131,671

Daily Data (23 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
2025-10-01	$356.03	$320.00	18.0%	5.2%	11.9%	36.5%	18.6%	-0.4%	-0.1%	3.34B	-52.76B	-144.0M	0.67	3.47	398,470	265,128	2,746,538	1,624,365
2025-10-02	$354.75	$320.00	16.9%	4.8%	11.9%	28.7%	17.4%	-0.5%	0.1%	3.36B	-51.35B	-143.2M	1.07	2.26	243,742	259,777	2,805,695	1,693,723
2025-10-03	$357.72	$322.00	16.6%	4.6%	11.6%	26.1%	16.4%	-0.1%	0.2%	3.55B	-54.85B	-139.3M	0.35	2.38	565,702	200,716	2,804,547	1,774,440
2025-10-06	$364.62	$335.00	18.4%	5.1%	12.5%	39.6%	18.1%	-0.5%	-0.2%	3.84B	-64.20B	-142.9M	0.25	4.02	1,107,477	271,990	2,927,244	1,722,656
2025-10-07	$366.23	$335.00	18.9%	5.2%	12.3%	43.4%	18.6%	-0.4%	-0.3%	3.88B	-65.92B	-156.9M	0.37	3.73	694,658	254,544	3,108,662	1,807,403
2025-10-08	$371.72	$338.00	19.9%	5.5%	12.8%	51.1%	19.4%	-0.8%	-0.5%	4.40B	-74.13B	-162.6M	0.32	5.97	1,421,629	448,649	3,209,420	1,910,061
2025-10-09	$365.94	$340.00	20.1%	5.6%	14.7%	52.2%	19.9%	-0.5%	-0.3%	3.23B	-61.98B	-174.3M	1.18	7.16	477,577	563,933	3,426,432	2,006,999
2025-10-10	$369.54	$340.00	22.2%	6.2%	14.8%	68.1%	22.1%	-0.7%	-0.3%	3.56B	-67.78B	-184.8M	0.67	6.00	441,114	295,897	3,535,330	2,144,820
2025-10-13	$377.75	$343.00	22.5%	6.3%	15.9%	70.4%	22.0%	-1.0%	-0.4%	4.18B	-79.31B	-173.9M	0.71	6.73	522,136	370,585	3,444,936	2,044,446
2025-10-14	$381.02	$355.00	24.1%	6.7%	15.9%	82.9%	23.9%	-0.7%	-0.7%	3.65B	-82.95B	-181.2M	0.37	7.78	816,808	300,445	3,481,525	2,100,898
2025-10-15	$387.26	$355.00	25.5%	7.0%	15.5%	92.8%	25.0%	-1.7%	-1.0%	3.60B	-91.91B	-187.4M	0.82	7.15	587,898	480,982	3,640,882	2,204,844
2025-10-16	$395.35	$357.00	30.3%	8.5%	15.5%	100.0%	29.6%	-1.8%	-0.8%	3.03B	-101.45B	-199.6M	0.33	9.59	1,498,320	498,801	3,746,542	2,332,834
2025-10-17	$388.33	$360.00	29.2%	8.2%	18.1%	93.3%	28.9%	-0.5%	-0.8%	2.90B	-90.41B	-224.0M	1.23	5.88	904,457	1,112,668	4,140,339	2,532,287
2025-10-20	$402.14	$360.00	29.8%	8.5%	20.4%	96.8%	29.8%	-1.3%	-1.3%	3.57B	-87.21B	-216.3M	0.71	4.51	710,892	503,400	3,520,295	2,191,715
2025-10-21	$377.86	$360.00	28.4%	8.1%	32.1%	88.6%	28.7%	-1.1%	-1.1%	2.10B	-45.24B	-236.2M	0.72	5.39	884,255	638,289	3,655,156	2,235,424
2025-10-22	$377.61	$360.00	25.6%	7.3%	31.8%	72.4%	26.2%	-1.7%	-0.9%	2.23B	-45.67B	-234.4M	0.66	19.06	644,632	422,608	3,898,708	2,332,278
2025-10-23	$378.81	$360.00	24.9%	7.2%	31.8%	68.3%	25.6%	-1.8%	-0.8%	2.54B	-49.47B	-235.9M	0.20	6.68	852,098	172,746	3,895,240	2,273,689
2025-10-24	$377.93	$360.00	22.9%	6.6%	31.9%	56.8%	24.1%	-1.7%	-0.6%	2.21B	-48.07B	-233.5M	0.49	5.79	546,442	267,336	3,922,453	2,304,790
2025-10-27	$367.00	$360.00	21.9%	6.5%	33.7%	51.1%	23.4%	-1.6%	-0.4%	1.23B	-29.15B	-219.7M	0.74	6.94	489,961	364,796	3,812,471	2,178,817
2025-10-28	$364.03	$360.00	22.0%	6.6%	33.8%	51.9%	23.7%	-1.8%	-0.4%	979.6M	-26.07B	-216.4M	0.57	5.66	410,232	235,087	3,791,989	2,193,897
2025-10-29	$362.25	$360.00	22.5%	6.8%	33.9%	54.8%	24.7%	-2.0%	-0.5%	1.01B	-24.24B	-218.1M	0.44	9.33	569,098	249,560	3,924,998	2,229,881
2025-10-30	$370.25	$360.00	22.8%	6.8%	34.6%	56.4%	24.2%	-1.8%	-0.4%	1.63B	-37.02B	-223.9M	0.79	5.64	301,188	237,166	3,795,623	2,221,297
2025-10-31	$368.01	$360.00	20.9%	6.2%	34.7%	45.6%	22.0%	-1.3%	-0.1%	1.20B	-33.27B	-222.7M	0.75	5.82	255,835	191,564	3,880,003	2,251,668