After the recent moves in Gold and the Gold ETF (GLD), we wanted to take a deeper look at the ETF and put some context around how if can be used to gain exposure to the metal. Tom Sosnoff and Tony Battista cover everything you need to know about GLD. First they look at the size of the product and how it compares on a notional level. Then the guys discuss the ETF's volatility index (GVZ). You are able to use GVZ to calculate the 1 Standard Deviation move for GLD. The guys do this and then look a study that tests the accuracy of GVZ. They then took this one step further and looked at the results of selling a 1 standard deviation strangle in GLD!