QLD Options History — June 2008

In June 2008, QLD traded between $1.15 and $1.44. ATM implied volatility averaged 49.7%, placing in the 55.3% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 6.3% (HV 20d: 43.4%). Max pain ranged from $1.20 to $1.36. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.42.

Notable Days

  • 2008-06-20: Highest Volume — 752,192 contracts
  • 2008-06-06: Largest IV spike — 15.0% change
  • 2008-06-30: Highest IV Rank — 71.3%
  • 2008-06-30: Largest Expected Move — 16.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.30$1.15$1.44$1.38$1.15
Max Pain$1.27$1.20$1.36$1.25$1.20
ATM IV49.7%41.0%58.1%41.0%58.1%
Expected Move14.2%11.8%16.6%11.8%16.6%
HV 20d43.4%34.0%51.2%35.6%50.8%
HV 60d46.5%41.8%51.0%50.9%44.7%
IV Rank55.3%38.5%71.3%38.5%71.3%
IV Percentile56.5%17.8%88.0%17.8%88.0%
Term Structure1.2%-1.1%4.1%1.2%-1.1%
VWIV49.0%41.8%56.6%41.8%56.6%
Skew 25d9.1%6.4%11.7%6.4%9.2%
Skew 10d15.9%11.2%18.9%11.2%17.5%
Call IV 25d45.0%37.6%53.3%37.6%53.3%
Put IV 25d54.1%44.0%62.5%44.0%62.5%
Bid-Ask Spread %21.1510.8649.7421.3912.59
Gamma HHI0.130.070.350.110.10
Net GEX1.5M32.1K4.2M1.7M1.2M
Net DEX-20.9M-56.1M18.9M-49.1M-73.1K
Net VEX-168.5K-190.7K-135.2K-168.3K-153.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.180.870.250.51
Total Volume242,127.23857,856752,192202,112122,560
Total OI1,512,222.4761,180,9281,967,1041,240,3841,591,104

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-06-02$1.38$1.2541.0%11.8%35.6%38.5%41.8%6.4%1.2%1.7M-49.1M-168.3K0.2521.39N/AN/A161,28040,832835,456404,928
2008-06-03$1.37$1.2545.9%13.2%35.5%48.0%46.4%7.5%-0.2%1.7M-45.6M-180.3K0.7649.74N/AN/A185,152141,248881,856429,120
2008-06-04$1.39$1.3345.0%12.9%35.2%46.1%45.5%7.1%0.5%1.3M-45.9M-190.7K0.4528.25N/AN/A83,26437,376864,896522,304
2008-06-05$1.44$1.3641.6%11.9%34.0%39.6%42.6%7.3%1.9%1.3M-56.1M-180.5K0.7621.78N/AN/A121,66491,904808,896531,008
2008-06-06$1.35$1.2847.8%13.5%42.8%51.6%47.1%10.6%4.1%995.6K-24.4M-180.1K0.8722.38N/AN/A104,89691,456820,032534,784
2008-06-09$1.34$1.2850.6%14.0%42.8%57.0%48.7%10.8%2.5%985.4K-20.7M-175.5K0.3116.75N/AN/A161,15249,536852,480556,928
2008-06-10$1.33$1.2852.6%14.5%40.9%60.9%49.6%11.7%0.5%1.0M-18.2M-182.3K0.2712.13N/AN/A105,60028,288915,008575,872
2008-06-11$1.26$1.2851.9%15.1%43.9%59.4%50.8%10.8%-0.4%488.2K5.7M-160.5K0.3510.86N/AN/A203,71271,296940,608585,216
2008-06-12$1.27$1.3052.6%15.1%43.9%60.9%50.9%10.5%0.7%567.4K3.7M-170.5K0.2812.14N/AN/A183,48852,2881,021,952613,184
2008-06-13$1.31$1.3048.8%14.0%43.7%53.4%47.0%9.1%1.5%1.0M-13.9M-175.3K0.2512.10N/AN/A218,75255,3601,005,568619,392
2008-06-16$1.33$1.3047.4%13.6%44.1%50.9%47.7%9.8%2.3%1.7M-28.3M-172.1K0.3120.95N/AN/A232,96072,9601,074,240634,304
2008-06-17$1.33$1.3046.7%13.4%44.1%49.4%46.7%9.2%2.8%3.1M-31.8M-173.1K0.3816.49N/AN/A41,98415,8721,208,256627,328
2008-06-18$1.30$1.3049.6%14.2%44.3%55.0%48.1%9.2%0.2%2.5M-11.9M-161.1K0.7117.45N/AN/A94,59267,5841,210,752633,664
2008-06-19$1.33$1.3046.5%13.3%43.1%49.0%46.9%8.9%2.9%4.2M-37.7M-162.2K0.6217.99N/AN/A198,784123,3921,248,448670,016
2008-06-20$1.27$1.3051.9%14.9%46.7%59.4%52.8%9.6%0.6%32.1K18.9M-135.2K0.2822.08N/AN/A585,856166,3361,246,720720,384
2008-06-23$1.24$1.2351.5%14.8%47.3%58.7%49.4%9.0%1.9%1.3M-18.3M-159.2K0.1821.54N/AN/A186,43232,768817,088363,840
2008-06-24$1.23$1.2352.5%15.1%45.3%60.7%52.5%8.7%1.1%1.4M-16.9M-166.2K0.2024.38N/AN/A231,23246,592876,608379,584
2008-06-25$1.26$1.2049.5%14.2%45.9%54.8%47.9%8.6%2.0%2.0M-40.2M-189.4K0.3025.65N/AN/A116,28834,4961,032,512388,224
2008-06-26$1.17$1.2356.7%16.2%51.2%68.6%55.5%8.7%-0.2%1.2M-4.5M-155.0K0.4130.65N/AN/A238,52897,728953,088403,968
2008-06-27$1.17$1.2356.2%16.1%50.8%67.7%55.0%8.7%0.7%1.2M-2.7M-147.4K0.4326.88N/AN/A132,22456,960953,088403,968
2008-06-30$1.15$1.2058.1%16.6%50.8%71.3%56.6%9.2%-1.1%1.2M-73.1K-153.1K0.5112.59N/AN/A80,96041,6001,104,448486,656