QLD Options History — October 2008

In October 2008, QLD traded between $0.42 and $0.80. ATM implied volatility averaged 128.0%, placing in the 77.0% IV rank vs the trailing year. The 30-day expected move averaged 33.3%. IV traded below realized volatility by 14.9% (HV 20d: 142.9%). Max pain ranged from $0.48 to $0.88. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 0.34.

Notable Days

  • 2008-10-13: Highest Volume — 1,238,080 contracts
  • 2008-10-06: Largest IV spike — 26.0% change
  • 2008-10-02: Highest IV Rank — 100.0%
  • 2008-10-09: Largest Expected Move — 40.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.56$0.42$0.80$0.80$0.54
Max Pain$0.63$0.48$0.88$0.88$0.52
ATM IV128.0%94.7%175.8%94.7%103.3%
Expected Move33.3%27.1%40.8%27.1%29.6%
HV 20d142.9%107.4%164.7%107.4%163.5%
HV 60d94.4%69.8%114.5%69.8%114.1%
IV Rank77.0%50.6%100.0%81.7%53.2%
IV Percentile97.2%91.7%100.0%99.6%91.7%
Term Structure-12.8%-24.5%-2.6%-14.7%-2.6%
VWIV113.8%94.0%136.9%94.0%102.5%
Skew 25d19.7%3.8%34.2%3.9%24.8%
Skew 10d34.1%6.7%61.2%8.2%46.8%
Call IV 25d105.1%83.9%130.9%92.3%89.1%
Put IV 25d124.8%96.3%144.1%96.3%114.0%
Bid-Ask Spread %38.0715.1572.2725.2217.78
Gamma HHI0.080.040.290.090.06
Net GEX690.4K220.2K1.4M1.2M939.4K
Net DEX2.8M-33.5M27.0M1.7M-33.5M
Net VEX-135.4K-202.8K-97.7K-166.6K-202.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.110.790.210.42
Total Volume672,395.13334,4641,238,080671,936410,688
Total OI4,140,591.3042,201,9846,389,0563,087,2964,435,712

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$0.80$0.8894.7%27.1%107.4%81.7%94.0%3.9%-14.7%1.2M1.7M-166.6K0.2125.22N/AN/A553,600118,3362,410,624676,672
2008-10-02$0.73$0.84112.5%32.2%108.7%100.0%109.8%15.9%-16.4%1.1M7.1M-162.3K0.1169.32N/AN/A363,52038,7842,771,392746,880
2008-10-03$0.70$0.81111.0%31.8%109.0%98.4%105.5%18.6%-24.5%838.9K17.3M-128.2K0.1472.27N/AN/A731,008103,2322,855,488753,920
2008-10-06$0.63$0.78139.9%30.5%112.4%100.0%102.5%5.7%-13.8%786.6K20.1M-117.6K0.2753.66N/AN/A654,272175,2963,291,392817,088
2008-10-07$0.57$0.75140.9%31.7%116.0%100.0%107.0%3.8%-15.4%591.3K23.4M-102.5K0.1655.35N/AN/A341,31255,3603,612,224826,048
2008-10-08$0.56$0.75145.2%32.4%115.1%100.0%106.2%11.2%-13.2%705.4K17.3M-110.6K0.2650.42N/AN/A521,152138,0483,779,200800,512
2008-10-09$0.51$0.73175.8%40.8%113.4%100.0%131.2%13.0%-23.9%620.5K14.2M-115.9K0.2348.71N/AN/A435,39299,8403,882,368883,520
2008-10-10$0.52$0.70172.5%39.9%114.0%97.8%136.9%16.5%-16.6%564.1K15.6M-115.3K0.1851.59N/AN/A507,90493,5684,039,424884,928
2008-10-13$0.65$0.63142.7%31.2%144.7%78.6%106.5%26.2%-14.7%1.4M-12.4M-153.0K0.2337.27N/AN/A1,010,048228,0324,316,160890,752
2008-10-14$0.59$0.61152.2%31.7%146.8%84.7%108.3%20.3%-15.8%1.1M173.7K-140.3K0.3538.18N/AN/A546,880190,9124,615,2961,029,888
2008-10-15$0.48$0.61154.9%34.5%157.3%86.5%118.0%11.4%-13.9%355.5K27.0M-97.7K0.2546.48N/AN/A749,248188,9284,682,6241,110,528
2008-10-16$0.54$0.58123.8%35.5%161.1%66.4%123.4%24.5%-14.0%826.5K13.0M-122.2K0.3643.85N/AN/A737,280263,9364,944,8321,120,192
2008-10-17$0.53$0.55109.4%31.4%159.5%57.1%107.7%15.8%-8.9%966.2K12.6M-115.4K0.2154.00N/AN/A708,928146,6245,141,5041,247,552
2008-10-20$0.57$0.5599.4%28.5%162.1%50.6%103.6%34.2%-9.5%508.2K-9.3M-120.5K0.6454.54N/AN/A345,920219,9681,668,864533,120
2008-10-21$0.51$0.55111.2%31.9%164.7%58.3%108.2%23.1%-13.3%367.8K-1.4M-116.7K0.7921.00N/AN/A318,016250,0481,791,808709,696
2008-10-22$0.48$0.55129.9%37.2%164.3%70.3%126.7%24.4%-14.9%293.7K222.8K-126.3K0.4220.18N/AN/A303,808127,1681,947,776839,872
2008-10-23$0.47$0.53129.7%37.2%163.7%70.2%129.1%29.3%-11.5%316.2K-122.4K-131.0K0.6326.34N/AN/A485,632308,3522,046,336886,464
2008-10-24$0.45$0.52129.5%37.1%163.7%70.1%127.4%20.4%-9.8%260.8K3.5M-128.5K0.5221.92N/AN/A362,688188,0322,187,0721,023,680
2008-10-27$0.42$0.50134.9%38.7%150.0%73.6%130.5%18.0%-12.1%220.2K7.9M-121.2K0.3315.15N/AN/A251,71282,7522,347,0721,134,656
2008-10-28$0.51$0.50109.2%31.3%163.1%57.0%113.7%30.3%-5.5%514.1K-11.8M-158.3K0.3019.61N/AN/A540,672159,7442,414,0161,159,360
2008-10-29$0.51$0.48109.4%31.4%163.6%57.1%107.6%30.4%-3.1%620.8K-16.7M-164.4K0.3617.43N/AN/A597,696217,9842,603,8401,213,056
2008-10-30$0.54$0.50112.2%32.2%163.8%58.9%111.7%31.5%-5.3%807.1K-32.3M-197.2K0.4415.46N/AN/A410,432182,3362,842,6241,317,568
2008-10-31$0.54$0.52103.3%29.6%163.5%53.2%102.5%24.8%-2.6%939.4K-33.5M-202.8K0.4217.78N/AN/A289,728120,9603,014,8481,420,864