QLD Options History — April 2009

In April 2009, QLD traded between $0.43 and $0.53. ATM implied volatility averaged 66.3%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 19.3%. IV traded below realized volatility by 2.7% (HV 20d: 69.0%). Max pain ranged from $0.41 to $0.48. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.64.

Notable Days

  • 2009-04-02: Highest Volume — 1,180,608 contracts
  • 2009-04-20: Largest IV spike — 13.5% change
  • 2009-04-02: Highest IV Rank — 25.6%
  • 2009-04-06: Largest Expected Move — 21.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.49$0.43$0.53$0.43$0.53
Max Pain$0.44$0.41$0.48$0.41$0.48
ATM IV66.3%60.1%71.9%70.5%62.4%
Expected Move19.3%17.2%21.2%20.2%17.9%
HV 20d69.0%54.1%83.9%83.9%54.1%
HV 60d73.6%70.5%76.5%75.1%70.5%
IV Rank21.7%17.3%25.6%24.7%18.8%
IV Percentile47.2%38.9%56.3%54.8%38.9%
Term Structure0.9%-2.9%5.2%3.7%1.5%
VWIV67.9%60.2%74.0%70.9%60.4%
Skew 25d11.7%6.5%19.8%8.2%16.3%
Skew 10d22.8%11.8%40.9%19.1%34.4%
Call IV 25d61.8%54.6%68.5%68.5%54.7%
Put IV 25d73.5%63.2%84.5%76.6%71.0%
Bid-Ask Spread %14.318.4717.829.0117.72
Gamma HHI0.140.080.650.100.09
Net GEX1.5M505.9K3.0M1.1M839.9K
Net DEX-64.0M-118.0M-22.9M-40.1M-56.3M
Net VEX-184.4K-212.8K-127.1K-196.7K-212.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.231.260.230.69
Total Volume578,761.143206,5921,180,608462,784628,160
Total OI5,104,015.2382,501,3766,669,9525,383,8724,408,256

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-04-01$0.43$0.4170.5%20.2%83.9%24.7%70.9%8.2%3.7%1.1M-40.1M-196.7K0.239.01N/AN/A376,38486,4003,425,0241,958,848
2009-04-02$0.46$0.4171.9%20.6%81.3%25.6%72.6%19.8%1.0%1.3M-64.5M-202.1K0.568.47N/AN/A756,352424,2563,492,3522,005,568
2009-04-03$0.48$0.4165.2%20.0%80.6%20.9%69.2%15.3%-1.7%1.6M-78.6M-211.7K0.3216.31N/AN/A420,288135,1683,736,1282,206,400
2009-04-06$0.48$0.4268.8%21.2%77.4%23.5%74.0%12.9%-2.9%1.8M-79.2M-205.6K0.4612.59N/AN/A323,008149,4403,914,0482,246,656
2009-04-07$0.45$0.4267.3%20.7%73.9%22.4%73.4%10.1%-0.0%1.7M-52.9M-200.0K0.5014.23N/AN/A273,984136,1923,982,2082,271,232
2009-04-08$0.47$0.4263.0%20.4%74.2%19.3%71.6%9.6%0.8%2.0M-74.9M-192.8K0.7716.63N/AN/A266,880206,7844,044,2242,338,432
2009-04-09$0.49$0.4267.6%19.4%73.5%22.6%69.0%8.8%0.8%2.3M-105.8M-186.4K0.5612.75N/AN/A491,264275,9044,046,1442,424,192
2009-04-13$0.49$0.4269.1%19.8%73.7%23.6%69.8%9.1%-0.0%2.2M-101.0M-171.4K0.6712.45N/AN/A176,832117,6964,025,6002,518,144
2009-04-14$0.48$0.4268.9%19.7%72.8%23.5%70.5%7.5%-0.2%2.4M-86.9M-161.4K0.3712.57N/AN/A313,920115,0084,021,5682,550,784
2009-04-15$0.48$0.4266.4%19.0%69.5%21.8%68.4%6.5%2.2%2.7M-87.1M-154.4K0.3816.12N/AN/A291,712111,2324,088,4482,581,504
2009-04-16$0.50$0.4264.0%18.3%70.7%20.0%64.3%8.9%2.0%3.0M-118.0M-133.5K0.2517.82N/AN/A838,464207,8723,913,9842,449,024
2009-04-17$0.50$0.4460.1%17.2%70.6%17.3%60.2%8.0%5.2%2.8M-116.7M-127.1K0.3214.84N/AN/A869,568279,4243,760,7682,544,704
2009-04-20$0.47$0.4568.3%19.6%74.6%23.1%67.8%7.6%0.8%558.0K-22.9M-143.6K1.2611.72N/AN/A242,752306,7521,565,952935,424
2009-04-21$0.49$0.4765.6%18.8%64.7%21.2%66.6%10.8%-0.0%583.3K-27.1M-160.7K1.0513.99N/AN/A378,880396,9281,687,1681,124,160
2009-04-22$0.49$0.4768.5%19.6%62.9%23.3%67.3%12.5%0.3%521.4K-29.0M-185.2K0.8813.94N/AN/A357,504315,3921,880,3201,415,808
2009-04-23$0.50$0.4764.8%18.6%63.0%20.6%65.6%10.1%0.8%505.9K-31.4M-198.6K0.6716.91N/AN/A158,848105,8562,009,7921,636,288
2009-04-24$0.52$0.4763.4%18.2%60.7%19.6%64.7%13.8%2.1%629.0K-42.7M-202.4K0.7816.79N/AN/A322,304252,9922,050,6881,673,024
2009-04-27$0.52$0.4867.4%19.3%58.1%22.4%68.4%17.6%0.6%643.9K-42.7M-206.0K0.9416.15N/AN/A227,200213,4402,152,5761,776,704
2009-04-28$0.51$0.4865.1%18.7%54.3%20.8%66.8%16.1%1.8%632.0K-38.0M-211.2K0.9114.30N/AN/A108,22498,3682,245,0561,856,576
2009-04-29$0.52$0.4863.9%18.3%54.4%20.0%63.6%16.2%1.0%758.9K-48.5M-209.5K0.9715.15N/AN/A201,664194,6882,303,8081,916,736
2009-04-30$0.53$0.4862.4%17.9%54.1%18.8%60.4%16.3%1.5%839.9K-56.3M-212.8K0.6917.72N/AN/A371,840256,3202,385,9202,022,336