GLD Options History — March 2026

In March 2026, GLD traded between $402.08 and $490.69. ATM implied volatility averaged 32.7%, placing in the 66.0% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 0.8% (HV 20d: 31.9%). Max pain ranged from $410.00 to $451.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.74.

Notable Days

2026-03-02: Highest Volume — 881,040 contracts
2026-03-23: Largest IV spike — 27.8% change
2026-03-23: Highest IV Rank — 95.2%
2026-03-23: Largest Expected Move — 11.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$446.26	$402.08	$490.69	$490.69	$430.10
Max Pain	$442.82	$410.00	$451.00	$410.00	$440.00
ATM IV	32.7%	25.3%	41.1%	30.9%	35.9%
Expected Move	9.5%	7.3%	11.8%	9.5%	10.3%
HV 20d	31.9%	25.8%	39.6%	38.8%	34.6%
HV 60d	38.1%	35.5%	40.6%	35.5%	40.6%
IV Rank	66.0%	40.4%	95.2%	60.0%	77.2%
IV Percentile	93.1%	82.1%	99.6%	94.8%	96.4%
Term Structure	-0.6%	-1.3%	0.2%	0.0%	-0.4%
VWIV	34.4%	26.3%	44.7%	34.0%	38.5%
Skew 25d	1.8%	-0.9%	6.8%	-0.9%	2.8%
Skew 10d	3.9%	-1.1%	12.2%	-1.1%	6.3%
Call IV 25d	32.7%	25.7%	39.6%	32.2%	35.5%
Put IV 25d	34.5%	26.1%	46.4%	31.3%	38.3%
Bid-Ask Spread %	20.53	9.86	30.43	30.43	11.32
Gamma HHI	0.04	0.02	0.12	0.09	0.02
Net GEX	1.77B	151.0M	5.51B	5.51B	1.04B
Net DEX	-45.19B	-108.60B	-2.95B	-108.60B	-26.60B
Net VEX	-314.9M	-352.8M	-274.6M	-352.3M	-313.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.26	1.33	0.40	0.42
Total Volume	467,414.364	232,398	881,040	881,040	499,211
Total OI	6,056,382.818	5,245,565	6,696,606	6,581,584	5,415,194

Daily Data (22 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
2026-03-02	$490.69	$410.00	30.9%	9.5%	38.8%	60.0%	34.0%	-0.9%	0.0%	5.51B	-108.60B	-352.3M	0.40	30.43	630,758	250,282	4,449,556	2,132,028
2026-03-03	$469.69	$410.00	35.0%	11.1%	39.6%	74.2%	40.1%	-0.1%	-1.3%	2.86B	-70.75B	-352.8M	0.72	26.96	326,438	233,678	4,239,257	2,183,822
2026-03-04	$472.52	$415.00	33.4%	10.6%	34.1%	68.4%	37.9%	0.4%	-1.0%	3.51B	-74.12B	-352.3M	0.26	27.81	553,744	142,939	4,322,963	2,233,599
2026-03-05	$466.33	$450.00	32.5%	8.9%	34.5%	65.3%	31.8%	1.1%	-1.0%	2.75B	-65.50B	-349.0M	0.50	19.68	292,640	145,746	4,431,864	2,245,171
2026-03-06	$473.91	$450.00	31.1%	8.8%	33.2%	60.7%	31.7%	0.0%	-0.5%	4.35B	-75.86B	-346.3M	0.53	22.45	220,658	116,336	4,415,704	2,280,902
2026-03-09	$471.72	$450.00	30.5%	8.6%	32.2%	58.4%	31.1%	-0.5%	-0.3%	2.53B	-71.14B	-335.4M	0.74	17.81	154,113	114,508	3,974,538	2,111,806
2026-03-10	$476.95	$450.00	29.1%	8.3%	31.0%	53.8%	29.4%	-0.1%	-0.4%	2.89B	-76.59B	-325.4M	0.83	21.78	160,290	132,323	3,928,885	2,110,031
2026-03-11	$475.75	$450.00	27.9%	7.9%	30.9%	49.4%	29.0%	-0.2%	-0.2%	2.71B	-74.88B	-318.9M	0.76	20.17	142,711	108,460	3,955,702	2,147,150
2026-03-12	$467.65	$450.00	28.0%	8.0%	31.4%	49.7%	28.6%	0.3%	-0.1%	2.03B	-64.00B	-314.8M	0.34	24.46	411,730	139,535	3,956,033	2,164,443
2026-03-13	$461.50	$450.00	29.2%	10.4%	29.3%	54.1%	29.2%	1.1%	-1.2%	1.80B	-59.28B	-329.5M	0.84	24.67	212,907	178,361	4,313,248	2,211,609
2026-03-16	$460.16	$450.00	27.3%	7.8%	28.1%	47.3%	27.9%	0.1%	0.2%	1.54B	-56.29B	-309.4M	0.80	25.38	197,207	158,397	4,030,536	2,156,173
2026-03-17	$459.52	$451.00	25.3%	7.3%	25.8%	40.4%	26.3%	0.4%	0.0%	1.56B	-55.45B	-301.9M	0.71	23.27	136,288	96,110	4,028,446	2,156,919
2026-03-18	$445.58	$451.00	26.1%	7.5%	27.0%	43.2%	27.3%	1.2%	-0.2%	860.6M	-37.14B	-289.1M	0.84	24.33	264,839	223,683	4,069,453	2,187,546
2026-03-19	$425.88	$450.00	28.0%	8.0%	31.1%	49.8%	29.1%	1.1%	-0.4%	387.4M	-18.08B	-276.3M	0.87	26.82	389,695	338,658	4,074,339	2,201,241
2026-03-20	$414.19	$450.00	32.1%	9.2%	31.2%	64.2%	32.6%	3.3%	-1.0%	389.1M	-8.98B	-274.6M	0.87	24.14	343,732	300,317	4,188,632	2,229,915
2026-03-23	$405.84	$450.00	41.1%	11.8%	28.9%	95.2%	42.7%	3.9%	-1.2%	267.9M	-5.03B	-283.2M	1.24	14.69	311,339	387,566	3,517,483	1,728,082
2026-03-24	$404.18	$445.00	39.3%	11.2%	28.9%	89.0%	42.3%	3.4%	-1.2%	219.0M	-4.37B	-288.6M	0.91	9.86	177,171	161,195	3,549,492	1,829,720
2026-03-25	$415.50	$445.00	35.3%	10.1%	31.5%	75.2%	36.7%	4.2%	-0.6%	511.6M	-12.78B	-299.4M	0.81	13.46	225,392	181,586	3,615,630	1,887,227
2026-03-26	$402.08	$445.00	40.7%	11.7%	32.4%	94.0%	42.6%	6.8%	-1.2%	151.0M	-2.95B	-294.5M	1.33	14.48	156,768	208,682	3,624,558	1,926,071
2026-03-27	$413.99	$440.00	40.9%	11.8%	34.4%	94.6%	44.7%	6.8%	-1.1%	539.2M	-13.29B	-314.1M	0.79	14.31	288,346	227,257	3,655,415	1,980,340
2026-03-30	$414.08	$440.00	39.2%	11.2%	33.5%	88.9%	43.0%	4.4%	-0.5%	483.8M	-12.56B	-306.7M	0.82	13.46	187,569	153,951	3,408,153	1,971,546
2026-03-31	$430.10	$440.00	35.9%	10.3%	34.6%	77.2%	38.5%	2.8%	-0.4%	1.04B	-26.60B	-313.1M	0.42	11.32	352,181	147,030	3,429,489	1,985,705