QLD Options History — March 2009

In March 2009, QLD traded between $0.31 and $0.45. ATM implied volatility averaged 75.6%, placing in the 28.3% IV rank vs the trailing year. The 30-day expected move averaged 21.6%. IV traded below realized volatility by 3.4% (HV 20d: 79.0%). Max pain ranged from $0.38 to $0.41. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.45.

Notable Days

  • 2009-03-26: Highest Volume — 1,688,256 contracts
  • 2009-03-30: Largest IV spike — 11.6% change
  • 2009-03-02: Highest IV Rank — 40.1%
  • 2009-03-02: Largest Expected Move — 26.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.38$0.31$0.45$0.33$0.42
Max Pain$0.38$0.38$0.41$0.39$0.41
ATM IV75.6%66.2%92.1%92.1%73.2%
Expected Move21.6%19.0%26.4%26.4%21.0%
HV 20d79.0%63.8%87.0%68.2%84.8%
HV 60d72.4%67.5%76.8%71.2%74.9%
IV Rank28.3%21.6%40.1%40.1%26.6%
IV Percentile63.4%52.0%79.8%79.8%59.9%
Term Structure-0.3%-7.6%5.9%-7.6%3.0%
VWIV75.3%67.1%91.7%91.7%73.7%
Skew 25d10.7%5.1%17.0%8.2%7.6%
Skew 10d19.5%6.5%31.8%6.5%14.6%
Call IV 25d70.3%59.4%87.9%87.9%70.0%
Put IV 25d81.0%71.8%96.1%96.1%77.6%
Bid-Ask Spread %10.647.8518.3318.338.44
Gamma HHI0.190.100.790.120.10
Net GEX1.1M260.6K4.0M319.6K965.1K
Net DEX-22.8M-58.5M13.4M8.5M-31.4M
Net VEX-133.2K-205.1K-95.6K-95.6K-199.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.100.780.620.42
Total Volume842,885.818293,1201,688,256965,184293,120
Total OI4,890,533.8183,094,7206,257,9843,738,8165,339,200

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-03-02$0.33$0.3992.1%26.4%68.2%40.1%91.7%8.2%-7.6%319.6K8.5M-95.6K0.6218.33N/AN/A596,416368,7682,590,5921,148,224
2009-03-03$0.33$0.3888.0%25.2%67.0%37.2%85.5%9.1%-4.3%328.8K7.3M-105.5K0.1014.60N/AN/A834,49684,0962,849,7921,368,000
2009-03-04$0.35$0.3880.2%23.0%68.8%31.6%80.7%12.4%-1.5%572.3K-747.5K-118.8K0.3413.83N/AN/A322,176109,5043,059,0721,387,712
2009-03-05$0.33$0.3885.8%24.6%70.9%35.6%85.6%5.5%-3.8%405.9K7.4M-108.4K0.1915.08N/AN/A351,55266,1123,144,8961,430,720
2009-03-06$0.32$0.3883.1%23.5%67.6%33.7%81.3%7.7%-1.7%362.0K9.3M-105.7K0.5610.72N/AN/A493,184275,5203,200,1921,462,784
2009-03-09$0.31$0.3886.6%24.0%63.8%36.2%83.7%5.1%-2.6%260.6K13.4M-96.9K0.449.90N/AN/A299,840132,3523,342,3361,577,216
2009-03-10$0.34$0.3879.6%22.3%79.4%31.2%76.8%7.3%-1.6%658.4K-4.9M-116.7K0.339.67N/AN/A638,784208,5763,442,5601,626,688
2009-03-11$0.35$0.3877.4%21.9%77.2%29.6%76.6%9.1%-3.0%984.3K-12.0M-125.6K0.249.31N/AN/A689,216167,0403,713,4081,694,464
2009-03-12$0.38$0.3872.4%20.8%81.7%26.0%71.2%11.5%-0.9%1.4M-30.4M-135.8K0.599.32N/AN/A661,504389,1203,641,6001,768,512
2009-03-13$0.38$0.3873.0%20.9%81.2%26.5%72.1%10.7%-1.5%1.4M-31.9M-130.8K0.269.35N/AN/A509,184131,3283,667,7121,738,624
2009-03-16$0.37$0.3875.2%21.6%81.9%28.0%73.8%9.3%-1.7%1.3M-20.0M-116.3K0.3110.16N/AN/A572,224179,7763,780,8001,769,152
2009-03-17$0.39$0.3866.6%19.1%82.2%21.9%68.8%8.4%4.0%1.9M-44.5M-117.8K0.7010.33N/AN/A464,320324,4803,762,5601,811,712
2009-03-18$0.40$0.3866.8%19.1%82.7%22.0%67.2%14.9%-0.8%2.2M-58.5M-120.7K0.6211.74N/AN/A803,904500,9923,870,8481,925,376
2009-03-19$0.40$0.3871.3%20.4%82.0%25.2%73.1%17.0%-2.6%2.2M-58.1M-121.3K0.628.65N/AN/A536,960332,9283,936,1922,135,488
2009-03-20$0.39$0.3871.5%20.5%82.8%25.4%70.6%13.9%0.6%4.0M-39.6M-113.4K0.407.95N/AN/A1,134,528454,9124,003,7762,254,208
2009-03-23$0.44$0.3866.2%19.0%87.0%21.6%69.1%15.1%5.9%681.8K-34.2M-123.5K0.388.65N/AN/A875,648331,9042,106,496988,224
2009-03-24$0.42$0.3970.0%20.1%86.3%24.3%69.2%13.1%3.6%819.3K-32.0M-149.0K0.7810.96N/AN/A421,440328,3202,481,8561,149,120
2009-03-25$0.43$0.3968.8%19.7%86.1%23.5%67.4%10.4%2.7%856.9K-34.7M-158.9K0.3510.16N/AN/A598,464212,1602,630,2721,317,760
2009-03-26$0.45$0.3967.2%19.3%85.0%22.3%67.1%15.9%3.3%1.1M-53.2M-172.7K0.569.33N/AN/A1,084,672603,5842,843,1361,426,752
2009-03-27$0.43$0.4170.3%20.2%86.3%24.5%72.2%14.1%3.5%950.4K-37.4M-205.1K0.457.85N/AN/A344,576153,7923,203,4561,830,912
2009-03-30$0.41$0.4178.4%22.5%84.8%30.3%78.3%9.0%-0.1%838.7K-23.2M-192.3K0.659.67N/AN/A400,576261,4403,320,6401,848,704
2009-03-31$0.42$0.4173.2%21.0%84.8%26.6%73.7%7.6%3.0%965.1K-31.4M-199.1K0.428.44N/AN/A206,20886,9123,391,5521,947,648