OUNZ · VanEck Merk Gold ETF

Track OUNZ — free

$42.88 -1.40 (-3.16%) At close · Aug 28

Rebalance outlook locked

Market Cap

$2.85B

64.45M

Options Chain

Underlying $42.88 · at close Aug 28, 2026 Options Calculator

Positioning

Sep 18, 2026 · 20 days to expiry · 50 contracts · mixed snapshot sessions · Feb 3, 2026–Aug 28, 2026; 14 unknown

Put / call OI

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dated and unknown snapshot sessions

Open interest

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dated and unknown snapshot sessions

Volume

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dated and unknown snapshot sessions

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Sep 18 20d Oct 16 48d Dec 18 111d Mar 19 202d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	—	61.3%	0.933	—		$0.31	—	—	1	1
Call · $35 In the money Snapshot session Unknown Last — Breakeven — Implied vol 61.3% Delta 0.933 ≈93% ITM Gamma 0.021 Theta -0.023 Vega 0.016 Open interest 0 Model this call Put · $35 Snapshot session Aug 17, 2026 Last $0.31 Breakeven $34.69 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 Model this put
1	1	46.3%	0.953	$6.50		—	—	—	—	0
Call · $36 In the money Snapshot session Aug 17, 2026 Last $6.50 Breakeven $42.50 Implied vol 46.3% Delta 0.953 ≈95% ITM Gamma 0.021 Theta -0.015 Vega 0.009 Open interest 1 Model this call Put · $36 Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
3	3	47.5%	0.917	$7.10		—	-0.186	79.3%	—	0
Call · $37 In the money Snapshot session Aug 27, 2026 Last $7.10 Breakeven $44.10 Implied vol 47.5% Delta 0.917 ≈92% ITM Gamma 0.032 Theta -0.021 Vega 0.016 Open interest 3 Model this call Put · $37 Snapshot session Unknown Last — Breakeven — Implied vol 79.3% Delta -0.186 ≈19% ITM Gamma 0.034 Theta -0.053 Vega 0.025 Open interest 0 Model this put
0	—	48.8%	0.87	—		$0.25	-0.203	70.1%	1	16
Call · $38 In the money Snapshot session Unknown Last — Breakeven — Implied vol 48.8% Delta 0.87 ≈87% ITM Gamma 0.043 Theta -0.029 Vega 0.025 Open interest 0 Model this call Put · $38 Snapshot session Aug 10, 2026 Last $0.25 Breakeven $37.75 Implied vol 70.1% Delta -0.203 ≈20% ITM Gamma 0.041 Theta -0.049 Vega 0.033 Open interest 16 Model this put
2	2	43.1%	0.841	$8.25		—	-0.234	62.8%	—	0
Call · $39 In the money Snapshot session Apr 13, 2026 Last $8.25 Breakeven $47.25 Implied vol 43.1% Delta 0.841 ≈84% ITM Gamma 0.056 Theta -0.029 Vega 0.025 Open interest 2 Model this call Put · $39 Snapshot session Unknown Last — Breakeven — Implied vol 62.8% Delta -0.234 ≈23% ITM Gamma 0.049 Theta -0.047 Vega 0.033 Open interest 0 Model this put
2	2	33.7%	0.825	$2.64		$0.05	-0.251	49%	1	52
Call · $40 In the money Snapshot session Aug 14, 2026 Last $2.64 Breakeven $42.64 Implied vol 33.7% Delta 0.825 ≈83% ITM Gamma 0.076 Theta -0.025 Vega 0.025 Open interest 2 Model this call Put · $40 Snapshot session Aug 24, 2026 Last $0.05 Breakeven $39.95 Implied vol 49% Delta -0.251 ≈25% ITM Gamma 0.065 Theta -0.038 Vega 0.034 Open interest 52 Model this put
31	1	33.8%	0.734	$3.48		$2.77	-0.269	34.1%	2	2
Call · $41 In the money Snapshot session Aug 21, 2026 Last $3.48 Breakeven $44.48 Implied vol 33.8% Delta 0.734 ≈73% ITM Gamma 0.096 Theta -0.031 Vega 0.034 Open interest 31 Model this call Put · $41 Snapshot session Mar 23, 2026 Last $2.77 Breakeven $38.23 Implied vol 34.1% Delta -0.269 ≈27% ITM Gamma 0.096 Theta -0.027 Vega 0.034 Open interest 2 Model this put
159	1	20.7%	0.688	$1.65		$0.50	-0.317	21.1%	5	21
Call · $42 In the money Snapshot session Aug 28, 2026 Last $1.65 Breakeven $43.65 Implied vol 20.7% Delta 0.688 ≈69% ITM Gamma 0.171 Theta -0.021 Vega 0.034 Open interest 159 Model this call Put · $42 Snapshot session Aug 28, 2026 Last $0.50 Breakeven $41.50 Implied vol 21.1% Delta -0.317 ≈32% ITM Gamma 0.171 Theta -0.018 Vega 0.034 Open interest 21 Model this put
Underlying $42.88
109	5	21.4%	0.504	$0.90		$0.90	-0.5	22.9%	18	12
Call · $43 Snapshot session Aug 28, 2026 Last $0.90 Breakeven $43.90 Implied vol 21.4% Delta 0.504 ≈50% ITM Gamma 0.187 Theta -0.024 Vega 0.04 Open interest 109 Model this call Put · $43 In the money Snapshot session Aug 28, 2026 Last $0.90 Breakeven $42.10 Implied vol 22.9% Delta -0.5 ≈50% ITM Gamma 0.177 Theta -0.021 Vega 0.04 Open interest 12 Model this put
15	1	33.1%	0.395	$1.50		$3.10	-0.74	16.3%	1	22
Call · $44 Snapshot session Aug 25, 2026 Last $1.50 Breakeven $45.50 Implied vol 33.1% Delta 0.395 ≈39% ITM Gamma 0.117 Theta -0.034 Vega 0.041 Open interest 15 Model this call Put · $44 In the money Snapshot session Mar 19, 2026 Last $3.10 Breakeven $40.90 Implied vol 16.3% Delta -0.74 ≈74% ITM Gamma 0.213 Theta -0.011 Vega 0.035 Open interest 22 Model this put
79	1	23.3%	0.209	$0.28		$1.20	-0.775	26%	3	5
Call · $45 Snapshot session Aug 28, 2026 Last $0.28 Breakeven $45.28 Implied vol 23.3% Delta 0.209 ≈21% ITM Gamma 0.122 Theta -0.018 Vega 0.028 Open interest 79 Model this call Put · $45 In the money Snapshot session Aug 25, 2026 Last $1.20 Breakeven $43.80 Implied vol 26% Delta -0.775 ≈78% ITM Gamma 0.121 Theta -0.017 Vega 0.028 Open interest 5 Model this put
65	1	27.9%	0.155	$0.32		$2.85	—	—	63	0
Call · $46 Snapshot session Aug 28, 2026 Last $0.32 Breakeven $46.32 Implied vol 27.9% Delta 0.155 ≈16% ITM Gamma 0.086 Theta -0.017 Vega 0.029 Open interest 65 Model this call Put · $46 In the money Snapshot session Feb 3, 2026 Last $2.85 Breakeven $43.15 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
21	1	45.4%	0.217	$0.15		$8.60	—	—	1	0
Call · $47 Snapshot session Jul 23, 2026 Last $0.15 Breakeven $47.15 Implied vol 45.4% Delta 0.217 ≈22% ITM Gamma 0.064 Theta -0.034 Vega 0.029 Open interest 21 Model this call Put · $47 In the money Snapshot session Jun 24, 2026 Last $8.60 Breakeven $38.40 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
48	1	44.4%	0.155	$0.10		$7.69	—	—	1	0
Call · $48 Snapshot session Aug 28, 2026 Last $0.10 Breakeven $48.10 Implied vol 44.4% Delta 0.155 ≈15% ITM Gamma 0.054 Theta -0.027 Vega 0.029 Open interest 48 Model this call Put · $48 In the money Snapshot session Jun 12, 2026 Last $7.69 Breakeven $40.31 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
40	1	58%	0.187	$0.05		$7.03	—	—	1	0
Call · $49 Snapshot session Aug 28, 2026 Last $0.05 Breakeven $49.05 Implied vol 58% Delta 0.187 ≈19% ITM Gamma 0.046 Theta -0.04 Vega 0.029 Open interest 40 Model this call Put · $49 In the money Snapshot session Jun 5, 2026 Last $7.03 Breakeven $41.97 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
70	1	39.8%	0.058	$0.05		$9.05	—	—	1	0
Call · $50 Snapshot session Aug 28, 2026 Last $0.05 Breakeven $50.05 Implied vol 39.8% Delta 0.058 ≈6% ITM Gamma 0.029 Theta -0.012 Vega 0.012 Open interest 70 Model this call Put · $50 In the money Snapshot session Jun 9, 2026 Last $9.05 Breakeven $40.95 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
19	1	94.6%	0.255	$0.05		$4.68	—	—	2	0
Call · $51 Snapshot session Aug 28, 2026 Last $0.05 Breakeven $51.05 Implied vol 94.6% Delta 0.255 ≈25% ITM Gamma 0.034 Theta -0.078 Vega 0.029 Open interest 19 Model this call Put · $51 In the money Snapshot session Feb 24, 2026 Last $4.68 Breakeven $46.32 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
16	1	101.6%	0.249	$0.05		—	—	—	—	0
Call · $52 Snapshot session Aug 27, 2026 Last $0.05 Breakeven $52.05 Implied vol 101.6% Delta 0.249 ≈25% ITM Gamma 0.031 Theta -0.082 Vega 0.03 Open interest 16 Model this call Put · $52 In the money Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		$5.20	—	—	1	0
Call · $53 Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $53 In the money Snapshot session Mar 10, 2026 Last $5.20 Breakeven $47.80 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
5	5	65.8%	0.079	$1.24		—	—	—	—	0
Call · $54 Snapshot session Apr 7, 2026 Last $1.24 Breakeven $55.24 Implied vol 65.8% Delta 0.079 ≈8% ITM Gamma 0.022 Theta -0.025 Vega 0.012 Open interest 5 Model this call Put · $54 In the money Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
28	1	74.1%	0.091	$2.26		—	—	—	—	0
Call · $55 Snapshot session Jun 10, 2026 Last $2.26 Breakeven $57.26 Implied vol 74.1% Delta 0.091 ≈9% ITM Gamma 0.022 Theta -0.031 Vega 0.021 Open interest 28 Model this call Put · $55 In the money Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
8	1	88.5%	0.067	$0.65		—	—	—	—	0
Call · $60 Snapshot session Mar 25, 2026 Last $0.65 Breakeven $60.65 Implied vol 88.5% Delta 0.067 ≈7% ITM Gamma 0.014 Theta -0.029 Vega 0.012 Open interest 8 Model this call Put · $60 In the money Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
15	10	125.6%	0.105	$1.38		—	—	—	—	0
Call · $65 Snapshot session Mar 2, 2026 Last $1.38 Breakeven $66.38 Implied vol 125.6% Delta 0.105 ≈10% ITM Gamma 0.014 Theta -0.057 Vega 0.022 Open interest 15 Model this call Put · $65 In the money Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		—	—	—	—	0
Call · $70 Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $70 In the money Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
156	1	113.2%	0.025	$0.05		—	—	—	—	0
Call · $75 Snapshot session Jun 23, 2026 Last $0.05 Breakeven $75.05 Implied vol 113.2% Delta 0.025 ≈2% ITM Gamma 0.005 Theta -0.016 Vega 0.007 Open interest 156 Model this call Put · $75 In the money Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put

About this data

Each contract's last price, volume, greeks, implied volatility and open interest belongs to the snapshot session shown in its details; unknown means the provider omitted the timestamp. This chain has mixed snapshot sessions · Feb 3, 2026–Aug 28, 2026; 14 unknown. Cross-contract positioning totals are shown only when every returned row has the same known session. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown.

Key facts CIK 1546652 CUSIP 921078101 13F (30d) 167 filings 164 filers Visit website