GLD Options History — April 2026

In April 2026, GLD traded between $427.46 and $446.36. ATM implied volatility averaged 28.8%, placing in the 52.7% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded below realized volatility by 5.3% (HV 20d: 34.1%). Max pain ranged from $425.00 to $440.00. Net GEX was positive for 14 of 14 trading days. Term structure was in contango for 5 of 14 days. Put/call ratio averaged 0.56.

Notable Days

  • 2026-04-01: Highest Volume — 662,175 contracts
  • 2026-04-09: Largest IV drop — 9.1% change
  • 2026-04-02: Highest IV Rank — 72.3%
  • 2026-04-02: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$436.73$427.46$446.36$437.92$429.59
Max Pain$426.07$425.00$440.00$440.00$425.00
ATM IV28.8%24.9%34.5%32.6%26.5%
Expected Move8.3%7.1%9.9%9.3%7.6%
HV 20d34.1%28.7%36.1%35.4%29.7%
HV 60d40.4%39.8%40.7%40.4%40.2%
IV Rank52.7%38.9%72.3%65.8%44.6%
IV Percentile82.9%73.4%94.4%92.9%77.8%
Term Structure-0.2%-0.8%0.2%0.0%-0.6%
VWIV29.9%26.4%36.3%34.8%27.8%
Skew 25d2.5%0.9%5.0%3.5%2.0%
Skew 10d5.3%2.4%10.0%7.4%5.2%
Call IV 25d28.2%25.2%32.7%31.5%26.3%
Put IV 25d30.7%26.1%37.7%34.9%28.3%
Bid-Ask Spread %28.299.5938.989.5918.05
Gamma HHI0.030.030.040.030.03
Net GEX1.33B798.7M1.94B1.59B798.7M
Net DEX-30.05B-41.42B-21.49B-33.19B-21.49B
Net VEX-289.1M-317.7M-258.0M-317.7M-258.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.190.850.310.85
Total Volume358,318.643212,991662,175662,175330,606
Total OI5,320,793.8574,917,7605,513,6555,345,2054,950,430

Daily Data (14 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-04-01$437.92$440.0032.6%9.3%35.4%65.8%34.8%3.5%0.0%1.59B-33.19B-317.7M0.319.59506,972155,2033,451,0131,894,192
2026-04-02$428.73$425.0034.5%9.9%35.8%72.3%36.3%5.0%-0.2%1.08B-24.04B-316.0M0.6826.31225,355153,9893,430,1471,920,932
2026-04-06$427.46$425.0033.6%9.6%35.0%69.1%34.4%4.0%-0.2%881.5M-21.65B-302.4M0.7123.50153,241108,3863,389,5541,918,575
2026-04-07$431.59$425.0033.5%9.6%35.4%68.8%33.9%4.5%0.1%996.2M-24.68B-306.9M0.5927.03164,81097,1883,380,9181,924,944
2026-04-08$433.81$425.0031.3%9.0%35.1%61.3%31.8%3.1%-0.7%1.25B-27.83B-301.9M0.7333.41176,598128,7813,423,0951,978,333
2026-04-09$438.09$425.0028.4%8.2%35.4%51.4%29.1%2.6%-0.3%1.33B-31.25B-291.7M0.5332.56209,542110,1493,412,4121,959,391
2026-04-10$437.41$425.0027.0%7.8%35.1%46.4%28.1%2.5%0.1%1.51B-30.99B-289.8M0.5638.98195,561108,7843,476,8311,989,000
2026-04-13$435.31$425.0026.4%7.6%34.9%44.3%26.4%2.3%0.0%1.06B-27.46B-278.6M0.2633.78377,21399,1413,433,3891,940,648
2026-04-14$444.80$425.0027.5%7.9%36.0%48.1%28.4%0.9%0.0%1.37B-36.62B-280.6M0.1936.51448,44286,1213,257,5381,934,222
2026-04-15$440.53$425.0026.6%7.6%36.1%45.0%27.5%1.0%0.1%1.57B-33.90B-282.5M0.7632.64121,11591,8763,556,3191,957,336
2026-04-16$440.62$425.0025.3%7.3%34.5%40.5%26.7%1.3%0.1%1.58B-33.44B-274.1M0.7032.01137,21795,4913,536,0571,945,783
2026-04-17$446.36$425.0024.9%7.1%30.4%38.9%26.5%0.9%0.2%1.94B-41.42B-277.9M0.4236.01316,105133,7783,558,1361,954,159
2026-04-20$441.98$425.0025.6%7.3%28.7%41.5%26.8%0.9%-0.8%1.60B-32.68B-268.9M0.5415.66184,97799,8203,200,7531,717,007
2026-04-21$429.59$425.0026.5%7.6%29.7%44.6%27.8%2.0%-0.6%798.7M-21.49B-258.0M0.8518.05178,667151,9393,216,3601,734,070