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[Options Premium] Gonna Let That Yellow Mellow

January 11, 2021

While checking out my list of liquid ETFs to get a feel for the markets this morning, it caught my eye that Gold is currently sporting the highest implied volatility (as measured by IVRank). I suppose it is no surprise given the amount of volatility we're seeing in Gold's distant, but currently more popular second cousin, cryptocurrencies.

You'd think Gold would be trading similarly.

However, looking at the daily chart, it appears $GLD is getting stuck in a range bounded by 184 on the upper end and 166 on the lower end.

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