GLD Options History — February 2026

In February 2026, GLD traded between $429.65 and $483.58. ATM implied volatility averaged 31.0%, placing in the 60.2% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 22.2% (HV 20d: 53.2%). Max pain ranged from $400.00 to $420.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.46.

Notable Days

  • 2026-02-02: Highest Volume — 1,511,216 contracts
  • 2026-02-10: Largest IV drop — 13.7% change
  • 2026-02-03: Highest IV Rank — 85.3%
  • 2026-02-03: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$461.71$429.65$483.58$429.65$483.58
Max Pain$404.21$400.00$420.00$420.00$410.00
ATM IV31.0%25.9%38.2%33.8%30.3%
Expected Move9.0%7.4%12.0%10.6%9.1%
HV 20d53.2%47.1%56.0%47.1%52.8%
HV 60d34.1%30.7%35.4%30.7%35.4%
IV Rank60.2%42.6%85.3%69.9%57.6%
IV Percentile95.8%92.5%98.8%98.8%94.4%
Term Structure-0.7%-1.6%0.1%-1.4%-0.8%
VWIV32.6%26.6%43.2%38.6%32.1%
Skew 25d-0.5%-1.9%0.9%-1.2%-1.3%
Skew 10d-0.4%-3.8%3.7%-1.3%-1.8%
Call IV 25d32.1%26.5%39.8%35.1%32.1%
Put IV 25d31.6%26.5%38.2%33.9%30.7%
Bid-Ask Spread %28.6016.5038.3820.1431.91
Gamma HHI0.060.030.110.030.11
Net GEX3.57B1.62B5.78B1.62B5.78B
Net DEX-76.07B-100.71B-36.84B-36.84B-100.71B
Net VEX-338.1M-363.2M-310.0M-329.4M-353.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.160.740.410.37
Total Volume625,929.421296,2201,511,2161,511,216508,542
Total OI6,675,972.7376,106,8967,168,0266,616,2466,747,749

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$429.65$420.0033.8%10.6%47.1%69.9%38.6%-1.2%-1.4%1.62B-36.84B-329.4M0.4120.141,073,614437,6024,509,7442,106,502
2026-02-03$455.44$420.0038.2%12.0%50.4%85.3%43.2%-1.6%-1.6%2.76B-72.46B-363.2M0.6620.63403,128266,3134,449,4042,140,837
2026-02-04$454.10$420.0034.8%10.9%50.4%73.5%39.2%-1.0%-1.5%2.92B-69.50B-355.9M0.6816.50386,532261,3894,524,4472,215,960
2026-02-05$442.23$400.0033.0%8.9%51.5%67.2%32.3%0.1%-1.4%2.02B-50.99B-338.7M0.4030.85351,470139,1404,449,2832,241,144
2026-02-06$454.14$400.0031.4%8.7%52.1%61.7%30.8%-0.1%-0.9%2.71B-67.72B-346.3M0.5330.25292,317155,4034,530,2482,258,351
2026-02-09$466.49$400.0030.0%8.4%52.7%56.8%30.1%-0.5%-0.5%3.31B-85.00B-340.0M0.2530.42615,793154,5434,306,9492,142,537
2026-02-10$462.94$400.0025.9%7.4%52.6%42.6%26.6%0.0%-0.0%3.64B-78.84B-322.4M0.6935.02175,341120,8794,409,9762,136,365
2026-02-11$467.45$400.0026.5%7.6%52.6%44.5%27.4%-1.1%0.1%4.23B-86.25B-330.6M0.1633.72616,75598,4204,436,8242,157,537
2026-02-12$452.04$400.0027.5%7.8%54.3%48.1%28.6%0.9%-0.5%2.96B-64.18B-320.3M0.7438.38380,629281,1074,729,8732,143,722
2026-02-13$462.35$400.0027.5%7.9%54.7%48.1%28.4%0.5%-0.1%3.99B-79.12B-331.7M0.3330.79470,777153,3234,699,4922,187,134
2026-02-17$448.46$400.0028.4%8.1%56.0%51.1%28.9%0.9%-0.4%2.51B-57.51B-310.0M0.6325.33222,841141,3264,758,0902,110,102
2026-02-18$458.10$400.0029.8%8.5%55.1%55.9%32.1%0.1%-0.4%3.45B-72.38B-325.7M0.2728.82627,183167,7324,800,7452,153,035
2026-02-19$459.42$400.0029.2%8.4%55.0%54.1%29.7%0.0%-0.4%3.56B-76.43B-325.6M0.7129.87174,679124,7944,926,1272,194,010
2026-02-20$467.27$400.0031.6%9.1%54.8%62.3%32.9%-0.9%-0.5%3.81B-90.40B-337.9M0.4731.49356,963166,2144,958,6842,209,342
2026-02-23$480.49$400.0035.2%10.3%55.5%74.8%36.8%-1.9%-0.9%4.33B-94.84B-348.0M0.5524.60365,168200,2144,172,9641,933,932
2026-02-24$475.31$400.0034.3%10.0%55.5%71.5%36.0%-1.0%-0.9%4.24B-86.21B-349.4M0.1726.51746,510128,6804,221,7491,957,783
2026-02-25$475.28$400.0031.8%9.3%55.1%63.2%33.2%-0.8%-0.9%4.80B-86.98B-348.8M0.4128.08423,469172,6974,370,3912,023,572
2026-02-26$477.74$410.0029.7%8.7%52.6%55.8%32.2%-0.8%-0.8%5.18B-89.01B-346.3M0.4030.01379,447151,7254,430,5732,098,305
2026-02-27$483.58$410.0030.3%9.1%52.8%57.6%32.1%-1.3%-0.8%5.78B-100.71B-353.7M0.3731.91371,030137,5124,556,2692,191,480